Ferragamo Confirms Full Year 2022 Results
Abstract: The Italian-based luxury group recorded revenue growth of 10.2% in 2022 over the prior year, reaching 1.25 billion euros, with sales growing in all regions except for Asia Pacific“In 2022 we defined our strategic framework and made excellen…
Nike and Tiffany Team Up on Sneaker Collab
Abstract: The sportswear giant and the jewellery specialist have released Nikes Air Force 1 1837 style, a nod to the year Tiffany was founded. The collab includes a limited-edition sterling silver accessories collection“This collaboration between Tif…
Leather Has a Role to Play in the Fight Against Deforestation
Abstract: The World Wildlife Fund (WWF) has called out for traceability along the leather value chain, while signalizing the key role leather can play in the fight against deforestation“Leather is an important byproduct of cattle production with a ri…
Portuguese JAK Secures Foreign Investment
Abstract: Maisons Julien et Kelly Dassault (MJKD) has formalized a seed investment in the Portuguese unisex sneakers company to support its internationalization effortsWith the eyes set on opening new physical stores in several European capitals, JAK …
Steve Madden Reports Annual Revenue Growth
Abstract: Despite a full year revenue growth of 13.7% last year over 2021, the US-based company adopted a more cautious near term outlook thanks to the “increasingly challenging backdrop” as well as more “conservative initial Spring orders”“We ar…
UK Consumer Confidence Rebounds to the Highest Level in Almost A Year
Abstract: The latest data by GfK shows that UK consumer confidence hit in February the highest level since April 2022, thus displaying households’ resilience despite the cost-of-living crisisThe Research Group GfK said that its index of consumer conf…
Momad: More and More a Lifestyle Fair
Abstract: The Madrid-based trade show is increasingly focusing on lifestyle offerings from a multi-sector and international perspective, with a special focus on the Latin American market, as well as Europe.Intergift, Bisutex, Madridjoya and MOMAD conc…
Companies Pou Chen to Cut 6000 Jobs in Vietnam
Abstract: The Taiwanese-based footwear manufacturer has reportedly slashed 3 000 jobs amidst weak demand. Another 3 000 people will not see their labour contracts extended by the end of the yearThe news came from two local official sources, who refuse…
Sportswear Brand Castore Plans to Secure Capital Injection
Abstract: Buyers numbers at the last edition of the international footwear trade fair increased by 25% over the previous edition, with about half of them visiting from abroadThe 95th edition of MICAM Milano and its sisters fairs, namely MIPEL, TheOneM…
Germany Retail: One Swallow Doesn't Make a Summer
Abstract: Despite the upturn in consumer confidence observed in the last quarter of 2022, there is still much concern among retailers. Footwear imports are following an upward trend since October, which could be read as a good sign concerning the heal…
Parent Company of Havaianas Posts Profit Loss
Abstract: The Brazilian Alpargatas reported fourth quarter and full year results below expectations, with inflation eroding consumers purchasing power notably in Brazil“In 2022, our operational performance was disappointing. Cost and operational chal…
Lenzing, NFW Partner on Sustainable Fashion Leather Alternative
Abstract: Sustainable speciality fibre supplier Lenzing is the latest to partner with material innovation company NFW on its Mirum sustainable leather alternative material with Tencel fibres that is free of plastic and fully traceable.Lenzing follows …
EU Commissioner Virginijus Sinkevi?ius Endorses Green Pact for the Portuguese Footwear Cluster
Abstract: On the 24th of February, the European Commissioner for the Environment, Oceans and Fisheries will chair the ceremony that will publicly launch the Green Pact for the Portuguese footwear and leather goods clusterThe Portuguese Shoes Green Pac…
Cambodia to Invest US$18m in Apparel Manufacturing Projects
Abstract: The Council for the Development of Cambodia (CDC) has approved three investment projects for the apparel sector that will create up to 5,000 jobs, according to local news reports.Cambodia’s three new investment projects belong to New Target…
Spain Retail: Retailers and Consumers Have Shown Themselves Resilient at the End of 2022
The Textile, Clothing, and Footwear (TCF) retail sales index has improved in the fourth quarter of last year and several companies in the category appear to be less fearful about 2023, especially after their positive annual results. Moreover, retailer…