News
Is footwear re-shoring a myth?
With the geographical distribution of footwear production remaining relatively unchanged over the past decade, is re-shoring a myth or can we find its evidence in the numbers?
Farfetch remains optimistic despite stumbles in the second quarter
The UK-based luxury platform posted a small drop in revenue in the second quarter of 2023, as compared to the same period of 2022, while profits remain in the red zone since the first quarter
Amazon reports solid second quarter
After a strong first quarter, the Seattle-based online retail giant continued its positive trajectory, once again reporting net sales and profit growth in the second quarter of 2023
VF Corp appoints Chief People Officer
The US-based footwear group announced that Brent Hyder has been appointed as Chief People Office, effective from the 5th of September
Yue Yuen posts revenue and profits decline
The Hong Kong-based footwear group announced that this year's first half revenue declined by 11.8% year-over-year, while the profit attributable to its owners fell by 52.2% year-over-year
High stock levels weigh on Alpargatas' overall performance
The owner of Havaianas and Rothy's posted a revenue and profits decline in the first half of 2023 due to high inventory levels, as well as inefficiencies in its overall operation
Britain loses 6 000 retail stores in 5 years
New estimates from the British Retail Consortium (BRC) indicate that 6 000 storefronts were lost in the country in five years. The rise in the cost of living has led to short confidence amongst consumers and less spending, experts point out
Vivobarefoot launches trial 3D footwear try-on platform
The brand launched a trial platform for creating tailored, circular and locally assembled footwear using AI-assisted 3D foot scans and is looking for 200 Britons to test the first-generation products
Balena teams up with Kitty Shukman to release biodegradable 3D-printed shoes
The material science company and the emergent footwear designer have joined forces to create Roots, a unique 3D-printed pair of slides that is fully biodegradable
New growth forecast for the Brazilian footwear industry
The Brazilian Footwear Industries Association (Abicalçados) has revised the footwear sector's growth in production for 2023 to 2.1%, as compared to the previous forecast of 1.7%
Footwear production bounces back to pre-pandemic levels in 2022
The World Footwear Yearbook 2023 just released by APICCAPS, the Portuguese Footwear Association, shares information about the great trends in the industry such as the fact that in 2022 global footwear production reached the 23.9 billion pairs threshold
Under Armour signs sourcing deal with Hemp Black
The agreement between the sportswear giant and the manufacturer, involves the provision of specialty yarns treated with a patented activated carbon process, which has received certification from the Cradle-to-Cradle Institute
Prada announces partnership with ZDHC
The Milan-based group announced as a “Signatory Friend” the launch of the partnership with ZDHC - Zero Discharge of Hazardous Chemicals, the global multi-stakeholder initiative
Argentine suppliers support Footwear Promotion Law but demand further clarifications
The Argentine Chamber of Suppliers of the Footwear Industry (CAIPIC) demands further clarifications on the Footwear Promotion Law to avoid situations that could impact the sector
France to launch reward scheme to encourage repairs in the fashion industry
From October, French citizens will be able to claim back between 6 and 25 euros of the cost of repairing clothes and shoes under a new scheme launched by the Government to reduce waste in the fashion industry
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