News
Crocs with another strong quarter
The US-based footwear company posted a revenue increase of 6.2% in the third quarter of 2023, as compared to the same period of 2022, driven by double-digit revenue growth from the Crocs brand
Vinted considers a secondary share sale
The Vilnius-based online marketplace for second-hand clothes is mulling a secondary share sale worth more than 200 million euros, with the aim of being at the forefront of the sustainable fashion boom
Amazon posts robust third quarter
The Seattle-based online giant posted a strong performance in the third quarter of 2023, with profits rising significantly to 9.9 billion USD from 2.9 billion USD in the same quarter of 2022
Digital prototyping: what tools are available for the footwear industry?
Just released! A new paper dedicated to some of the new digital tools and softwares commonly used for prototyping in the footwear industry
Zalando lowers full year GMV and revenue guidance
Despite confirming its 2023 profits guidance, the online retailer has lowered its GMV and revenue outlook revenue on the “expectation of continued pressure on demand for the rest of the year”
ReHubs Europe: an initiative to boost textile waste recycling
After three years of preparation, the European body for the textile and clothing industry, Euratex, has officially launched the ReHubs Europe project to increase the recycling of textile waste
10 countries were responsible for 88% of total footwear production
In 2022, global footwear production reached 23.9 billion pairs, increasing by 7.6% compared to the previous year. A group of 10 countries accounted for 88% of all footwear produce in the world
German industry association warns of new wave of insolvencies and closures
The German Trade Association for Textiles, Footwear, and Leather Goods (BTE) recalled that repayment of state aid under the pandemic approach, increasing the pressure on an already struggling sector
VF Corp launches turnaround plan
After another disappointing quarter, the US-based footwear announced the launch of Reinvent, a comprehensive transformation programme focused on improving operational performance and brand-building
Aldo Group strengthens relationship with ABG
The footwear group has signed a new licensee agreement with the Authentic Brands Group (ABG) concerning the recently acquired Roxy label, just a few months after inking two other deals
Business of Fashion and APICCAPS discuss the future of the footwear industry
The Business of Fashion (BoF) magazine and the Portuguese Footwear Association (APICCAPS) co-hosted a panel to discuss the future of the rapidly evolving footwear industry
Demand for Hoka and Ugg drives Deckers' growth
Deckers posted a 25% increase in net sales and a 79% growth in diluted earnings per share in the second quarter of fiscal 2024, as compared to the same period of last year, thus raising its full year outlook
Ferragamo acquires minority stake in three Greater China joint ventures
The Board of Directors of the luxury group has announced the purchase of the minority interests held by Imaginex Holdings and Imaginex Overseas in the three Greater China joint ventures
Inditex signs a three-year agreement to buy recycled polyester for 70 million euros
The owner of Zara, among others, will be collaborating with the material sciences company Ambercycle to help scale a textile made from post-industrial and post-consumer polyester waste
Skechers announces record quarterly sales
The US-based footwear company posted a 7.8% sales growth in the third quarter of 2023, as compared to the same period of last year, reaching a “record” 2.02 billion US dollars
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