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SEEK launches new concept in response to new market needs
The streetwear-focused SEEK exhibition has announced a new solution-focused and adaptable concept in response to new market needs. The next edition will take place throughout January 2025
VF Corp reports sequential quarterly improvement
Although the company’s revenue was still down year-on-year in the second quarter, there were signs of improvement, especially in the performance of Vans, which has weighed on VF’s overall performance
US Retail: expectations on the rise for the last quarter
The summer months have brought relief to footwear retailers, as sales in the category now appear to be on an upward trend. Although consumers remain cautious, the slowdown in employment and inflation is somehow starting to lift their spirits and retailers are showing signs of restocking. As the winter holidays approach, and despite question marks over the geopolitical turmoil and the upcoming presidential election, it’s safe to say that expectations are on the rise
CTCP coordinates project to support the digitalisation of the Albanian footwear industry
The Portuguese Technological Footwear Centre (CTCP) coordinates The Digi4Wearables capacity-building project, which focuses on supporting the digitalisation of the footwear industry in Albania
Footasylum secures new bank funding to boost UK expansion
The new funding from HSBC UK will be used to expand stores, improve technology and support exclusive brands. The agreement encourages Footasylum to meet sustainability targets to decrease loan costs
Skechers reports record third quarter results
The US-based footwear company reported record third quarter results, boosted by international and domestic sales, and set strong guidance for the fourth quarter and full year 2024
Birkenstock expands presence in South Korea with new e-commerce platform
The global brand with German roots has launched a dedicated e-commerce website and loyalty programme in South Korea. Birkenstock also plans to open physical stores in 2025
Deckers posts strong second quarter
The California-based footwear company posted another strong quarterly performance, with net sales up by 20.1% year-on-year, driven by continued demand for the Hoka and Ugg brands
Next edition of AYSAF is just around the corner
AYSAF, the International Footwear Materials, Components, Leather and Technology Exhibition, will be held at the Istanbul Expo Centre from the 13th to the 16th of November, under the banner ‘Dare to Be Different’
US Court blocks Tapestry’s acquisition of Capri
A US court has blocked the pending 8.5 billion US dollars merger between Tapestry and Capri with a preliminary injunction, marking a victory for the US Federal Trade Commission (FCT)
Hermès maintains momentum with strong third quarter growth
The French-based luxury group delivered a 14% revenue increase in the first nine months of the year. Japan and Europe, excluding France, experienced the highest regional sales growth
Kering issues third profit warning of the year
The owner of Gucci and Yves Saint Laurent has issued a third profit warning amid a downturn in the luxury market and after posting a “larger-than-expected” slowdown in the third quarter
Brooks and runDisney collaborate to elevate the race experience with Disney magic
This partnership will see Brooks Running create Disney-themed footwear and gear for runDisney events, enhancing the experience for the 170,000 participants who race at Disney resorts
US footwear prices remain steady in September
US footwear prices experienced little change in September, according to the FDRA. However, an overall rise is projected by the end of 2024, marking the fourth consecutive year of annual price increases
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