World Footwear

Fashion

Inditex posts strong first quarter

Jun 6, 2024 / Spain
The Spanish-based fashion retailer has posted a strong performance in the first quarter of the year. Sales were up by 7.1% and net income was up by 10.8%, as compared to the same period of 2023

Capri results disappoint in the fourth quarter

Jun 3, 2024 / United States
As its ongoing acquisition by Tapestry awaits legal resolution after being blocked by a US regulator, the luxury fashion group reports a disappointing fourth quarter due to weak global demand

Spain Retail: concerns grow for retailers after an unexpected fall in sales

Premium ContentMay 24, 2024 / World Footwear Reports
While 2024 began with consistent, albeit modest (around 1% monthly) growth, a concerning trend emerged in March, with retail sales falling sharply by 7.9% as compared to the previous month. However, a silver lining remains. Fashion is currently the retail sector experiencing the least inflation, and consumers still hold some optimism about the overall economy. This suggests that a period of resilience may be needed from retailers, but a potential rebound could be on the horizon

Zalando Co-founder David Schneider steps down from his role as co-CEO

May 16, 2024 / Germany
The German-based online retailer has announced that David Schneider will step down from his role as co-CEO to focus exclusively on managing strategic partnerships and brand relationships

Zalando reports improved financial results

May 10, 2024 / Germany
The German-based online fashion retailer has reported a 1.3% increase year-over-year in gross merchandise volume in the first quarter of the year and a 29.6-million-euro reduction in losses

FaW Tokyo closes on a positive note

Apr 30, 2024 / Japan
Held from the 17th to the 19th of April, the Japanese fashion trade show closed on a positive note, attracting 22,901 visitors from all around the world

Primark reports strong sales growth in the H1

Apr 29, 2024 / United Kingdom
Associated British Foods (ABF) has reported strong sales growth for Primark in the first half of the year, highlighting that the Christmas season helped to offset the impact of a slow start to the cold season

US regulator moves to block Tapestry’s acquisition of Capri

Apr 25, 2024 / United States
The Federal Trade Commission (FCT) has filed a lawsuit to block the merger of luxury fashion conglomerates Tapestry and Capri Holdings, arguing that it would lead to higher prices for US consumers

Zara and H&M allegedly linked to illegal deforestation, land grabbing and violence

Apr 18, 2024 / World
NGO Earthsight has accused H&M and Inditex of allegedly using cotton linked to land grabbing, illegal deforestation, violence, human rights violations and corruption in Brazil

Slow start to 2024 for LVMH

Apr 17, 2024 / France
Amid a slowdown in demand for luxury and a challenging geopolitical and economic environment, the French-based luxury group has reported a 3% rise in revenue in the first quarter of 2024

Italian fashion designer Roberto Cavalli dies at 83

Apr 17, 2024 / Italy
Roberto Cavalli has died aged 83, his company has announced. One of the biggest names in fashion, the Italian designer was known for his excess, particularly his animal-print designs

Calçado Penha makes its debut at ModaLisboa

Apr 16, 2024 / Portugal
The Portuguese footwear company, which specialises in the production of high-quality men’s footwear, made its debut on a Fashion Week catwalk with the BÉHEN brand

Uniqlo owner posts robust first half

Apr 12, 2024 / Japan
The Japan-based Fast Retailing has reported a “record” first half revenue of 1.60 trillion yen (9.77 billion euros), up by 9.0% year-on-year, mainly due to a strong performance from Uniqlo overseas

Ted Baker UK to close 15 stores and cut nearly 250 jobs

Apr 11, 2024 / United Kingdom
Ted Baker is to close 15 of its stores across the UK within weeks and make 245 store and head office jobs redundant. The brand’s UK and Europe arm went into administration last month

H&M’s operating performance improves in the first quarter

Apr 3, 2024 / Sweden
Despite a slight decline in net sales, the Sweden-based fashion group surprised with a “substantial improvement” in operating profit and total profit in the first quarter of its fiscal year
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