Shoes
French parliament reduces VAT on shoe and leather goods repairs
France’s lower house of parliament has approved a tax break for repairers by reducing the VAT rate from 20% to 5.5% on the repair of shoes and leather goods
Deichmann acquires Esprit shoe trademark
Amid insolvency proceedings, Esprit has sold its shoe brand rights in Europe and the United States to Deichmann. The German-based shoe retailer aims to expand its footwear offering in these markets
WoolOvers doubles down on British production for Hotter Shoes
WoolOvers plans to expand Hotter Shoes’ British manufacturing, improving customer satisfaction and supporting local jobs. Production target is one million pairs per year
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Hermès maintains momentum with strong third quarter growth
The French-based luxury group delivered a 14% revenue increase in the first nine months of the year. Japan and Europe, excluding France, experienced the highest regional sales growth
US footwear prices remain steady in September
US footwear prices experienced little change in September, according to the FDRA. However, an overall rise is projected by the end of 2024, marking the fourth consecutive year of annual price increases
Kurt Geiger set for potential sale
With a potential 400 million British pounds price tag, the luxury footwear brand Kurt Geiger is in early talks with Alteri Investors and other bidders after posting record profits despite a challenging luxury market
Axel Arigato opens New York flagship store, marking its US debut
Celebrating its 10th anniversary, the Swedish footwear brand Axel Arigato opened its first US store in New York, bringing Scandinavian minimalism and signature designs to the SoHo neighbourhood
Brazilian footwear production grows between January and July
According to the Brazilian Association of Footwear Industries (Abicalçados), footwear production grew by 3.9% between January and July of 2024, compared to the same period last year
Dune Group founder to be a keynote speaker at the launch of Global Footwear Future Coalition
The Global Footwear Future Coalition, which aims to be a forum for the exchange of knowledge between industry stakeholders, will be launched on the 9th of October. Daniel Rubin, Founder and Executive Chairman of The Dune Group, will be the keynote speaker
MOVV debuts with simplistic running shoes focusing on injury prevention
The newly launched Scandinavian brand MOVV leverages user-based data and partnerships with experts to address running injuries, offering a minimalist, functional approach to running footwear
Gero Mure files for bankruptcy
The German shoe chain Gero Mure has filed for bankruptcy as rising costs, online competition and prolonged effects of the COVID-19 pandemic take their toll on the footwear sector
UITIC unveils theme and programme for next Congress
The 22nd edition of the UITIC Congress will be held in Shanghai in August 2025, focusing on the footwear industry’s competitiveness and sustainability in an age of artificial intelligence
Asia accounts for more than half of the global footwear consumption
The dominance of the Asian continent in the consumption of footwear continues, according to data published in the World Footwear Yearbook 2024, as recently released by APICCAPS, the Portuguese Footwear Association
Loake Shoemakers introduces digital product passports
Ahead of upcoming EU regulations, the British leather footwear brand has teamed up with digital platform Buyerdock to integrate Digital Product Passports (DPP) across its entire product range-
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Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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