Shoes
361 Degrees provides fourth quarter update
The Chinese-based company has issued an operational update on its fourth quarter performance, with retail sales of its 361º Kids brand standing out with 40% year-over-year growth
Global slowdown in international footwear trade
A sluggish demand in two of the main areas for footwear consumption, the US and Europe, resulted in a global slowdown in international trade throughout 2023. Check the snapshot of the performance of the main players with the figures known so far
Burberry warns on profits as luxury demand slows
The British luxury group has once again cut its profit guidance for fiscal 2024, following a period of weak sales in December. It also warned of tough times ahead for the luxury sector as demand wanes
Spanish footwear companies bet on internationalisation despite economic slowdown
Spanish companies continue to work towards internationalisation, despite the difficult period the footwear sector is experiencing due to inflation and falling consumption, says FICE
Wolverine Worldwide sells Sperry to ABG
Authentic Brands Group (ABG) has acquired the Sperry brand from Wolverine Worldwide for 130 million USD, bringing on board the Aldo Group to design, manufacture and distribute the brand globally
Brazil closes 2023 with exports in the red
The performance of Brazilian footwear on the US market dragged down annual results. Last year, exports in this category fell by 16.6% in volume and 10.8% in value, as compared to 2022
Wolverine Worldwide confirms 2023 results in line with previous guidance
In the midst of “the stabilisation phase” of its “strategic transformation” plan, the US-based company has confirmed its guidance for both the fourth quarter and fiscal year 2023
Crocs raises fiscal 2023 guidance
The US-based footwear company has announced that it now expects a record 2023 revenue of 3.95 billion USD, up by more than 11% year-on-year, and slightly ahead of its previous growth guidance of 10% to 11%
ABG partners with BBC International to grow DC Shoes
Authentic Brands Group (ABG) has announced a partnership with BBC International for DC Shoes. BBC will design, manufacture and wholesale distribute the footwear brand in the US and Canada
Bangladeshi leather footwear exports down by 33%
In the first half of the fiscal year 2023-2024, Bangladesh’s leather footwear exports fell by 33% year-over-year, leading to an overall decline in the country’s leather exports
Genesco names new Chief Merchandising Officer for Journeys
The Nashville-based footwear company has named Chris Santaella as Executive Vice President and Chief Merchandising Officer of the Journeys Group, effective from the 5th of February
Weak third quarter for Italian footwear trade
After a positive start to 2023, Italian footwear stumbled in the third quarter of the year, with exports down by 7.2% in value and 12.3% in volume, as compared to the same period of 2022
Owner of Havaianas appoints new CEO
The Brazilian Alpargatas has appointed Liel Miranda as Chief Executive Officer, effective from the 1st of February. He joins the company from Mondelez International’s Brazil business unit
Ecco opens first flagship store in NY
The Danish footwear company continues to transform its business in the US, taking another step forward with the opening of its first store in Manhattan at the end of 2023
The Cryptide named Footwear Brand of the Year in 2023
The luxury lifestyle sneaker brand The Cryptide has been named Footwear Brand of the Year 2023 at the fourth edition of the Global Footwear Awards (GFA)-
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