News
Value of Pakistan’s footwear exports continues to fall
From July to October, footwear exports declined by about 15% in value, as compared to the same period of last year, mainly driven by the performance of the leather footwear segment
Allbirds posts decline in revenue
In the process of a strategic transformation plan, the sustainable footwear brand posted a 21.2% decline in revenue in the third quarter of 2023, as compared to the same period of 2022
Clarks to cut 103 jobs
The difficult economic conditions and the cost-of-living crisis, which are having a negative impact on the British footwear retailer’s results, are believed to be the cause of these cuts
Slower demand for luxury impacts Burberry’s full year forecasts
Despite a revenue increase in the first half of its fiscal year, the UK-based luxury group is now less optimistic about its full year forecasts due to a gradual slowdown in luxury demand worldwide
Columbia Sportswear names new president for the Sorel brand
The US-based company announced that Cory Long will join Columbia in December as President of the Sorel brand. He succeeds Mark Nenow, who resigned in June for health reasons
Hermès could consider investing in Italian fashion and shoe suppliers
This willingness was shown by the luxury company’s CFO, Eric du Halgouët, in a call with analysts last month. The goal would be to further integrate its supply chain
Dr Alexandra Sherlock: Footwear Research Network is a bridge between the footwear industry and academia
We spoke to Dr Alexandra Sherlock, fashion lecturer at RMIT University and founder of the Footwear Research Network, to find out more about this platform and how it aims to bring the academic world and the industry closer together
New appointments at Dr Martens
The British footwear brand has appointed Giles Wilson as its new Chief Financial Officer (CFO) and Ije Nwokorie to the new role of Chief Brand Office, both due to start in 2024
Onix focuses on the North American market
The Portuguese-based footwear winter manufacturer is focusing on the North American region due to the weather conditions, as well as the conditions of the market
Capri posts results below expectations
The owner of Versace, Michael Kors and Jimmy Choo posted an 8.6% fall in revenue in the second quarter of fiscal 2024, as compared to the same period of last year, will all brands underperforming
Geox reports moderate growth
The Italian-based brand recorded a positive performance in the year to date, but emphasised that the sales growth was moderate as compared to the last two years
Shoe Carnival cuts full year guidance once gain
The US-based retailer reported soft trends after Labour Day due to unfavourable weather conditions, which resulted in lower sales and profits. Thus, it lowered its full year guidance
Steve Madden’s third quarter performance improves
The New York-based designer and marketer of footwear, accessories and apparel posted a slight fall in sales in the third quarter of 2023, but returned to a growth in profits year-over-year
Cautious British consumers hold back on spending
Figures by the British Retail Consortium (BRC) suggest that retail growth slowed down in October due to the impact of inflation, with consumers deciding to reduce spending ahead of the holidays
Yue Yuen on a downward trajectory
The Hong Kong-based group recorded a decline in revenue and profits in the first nine months of the year, as compared to 2022, due to a weak performance of its manufacturing business
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