News
Kurt Geiger posts record figures in December amid retail expansion
As it continues to expand its presence in North America, the British luxury footwear and accessories brand says December 2024 was the most profitable month in its history
Caleres lowers its outlook for the full year once again
The US-based footwear company has announced a further cut in its full year sales and earnings outlook, after recording lower-than-expected sales in mid-December and January
Strong 2024 for the Brazilian leather industry
Brazil’s leather exports increased by 12.5% year-on-year to 1.26 billion USD in 2024, according to the CICB, which also highlighted advances in compliance, traceability and customs barriers
US footwear industry helps LA fire victims
Deckers Brands, Skechers, Merrell, APL, Two Ten Footwear Foundation and Soles4Souls are among the companies and organisations coming together to help the victims of the LA fires
UK: Golden Quarter fails to salvage 2024 trade
Total UK retail sales grew by 0.7% in 2024 as compared to the previous year, as the Golden Quarter recorded sales growth of just 0.4% year-on-year, the British Retail Consortium (BRC) said
JD Sports cuts full year profit guidance amid challenging market conditions
The UK-based retailer has posted a solid trading update for the third quarter of its fiscal year, but has lowered its full year profit guidance in recognition of challenging and volatile market conditions
Authentic Brands Group names new President
The US-based management brand company has named former Wynn Resorts CEO Matt Madox as President. He succeeds Nick Woodhouse, who will assume the role of Executive Vice Chairman
Solid start to the fiscal year for Uniqlo’s parent company
The Japan-based fashion retailer has posted a solid first quarter for fiscal 2025, as Uniqlo continues to perform well at home and abroad, particularly in North America and Europe
Lemon Jelly teams up with Balena to launch first 100% circular handbag
The Portuguese brand Lemon Jelly has teamed up with Balena to launch the world’s first 100% circular handbag, hoping to create a movement that can revolutionise the fashion world
Macy’s to close 66 stores as part of turnaround strategy
The US department store chain has confirmed the closure of 66 stores as part of its Bold New Chapter strategy, which aims to return the company to sustainable, profitable sales growth
Stella Holdings ends the year on a gloomy note but full year performance holds up
An increase in sports orders helped the Hong Kong-based footwear manufacturer end the year 2024 with revenue up by 3.5% year-over-year, but the fourth quarter ended on a gloomy note
Lloyd unveils new brand identity
After changing its name from Lloyd Shoes to Lloyd Lifestyle following its acquisition by Swiss company Arklyz last year, the German footwear company has unveiled its new brand identity
Spain Retail: will the positive momentum hold up?
Fashion retail sales were generally positive from July to November 2024, but will this trend continue? While we await official data on year-end sales, the negative footwear inflation seen in October and November, combined with a rise in consumer confidence, may have helped to boost spending. And with import figures showing that retailers were stocking up, let’s hope the holidays were the reason, as a recent dip in retail confidence could be just the bad news the sector didn’t need to hear at the start of the year
Wolverine Worldwide announces partnership to grow Cat Footwear in the UK
The US-based company has partnered with the British footwear distributor Chapters Brand Group to grow the Cat Footwear brand in the UK. Wolverine is the global footwear licensee for the brand
Vietnamese footwear and leather exports reach 27 billion USD
According to Lefaso, the Vietnam Leather, Footwear and Handbag Association, the country's footwear and leather exports reached 27.04 billion US dollars in 2024, an increase of 11.45% year-over-year. Export growth is estimated at 10% for 2025
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