荐Austria and Germany continue to see a wave of insolvencies and closures
Richter Schuhe, Europe’s oldest children’s shoemaker, and fashion retail chain Aachener have filed for bankruptcy. Deichmann to close its My Shoes stores in Austria and Germany by the end of 2024
荐Lower demand impacts Designer Brands’ third quarter results
The footwear company reported lower third-quarter sales and profits due to a contraction in the footwear market caused by unseasonably warm weather. As a result, it cut its full year guidance
荐Coats reports improving sales trend
The industrial thread manufacturer’s organic revenue fell by 12% year-over-year from July to October, which suggests an improving trend as compared to the 19% decline recorded in the first half
荐Dr Martens cuts full year guidance
The British footwear brand has lowered its 2024 guidance following a mixed trading performance in the first half, marked by an increasingly difficult consumer environment in the US
荐Lower sales and profits at Foot Locker
The US-based retailer has reported another fall in sales and profits in the third quarter of the year, deciding to further cut its guidance for 2023 against a backdrop of ongoing consumer uncertainty
荐Mongolian wool slippers a good fit for Vivobarefoot
Shoe brand Vivobarefoot is working with Mongolian non-governmental organisation Asral on a range of wool slippers, supporting children and their families living in one of the poorest parts of the world, with all profits going back into the social ente…
荐New CEO at Stella McCartney
British high-end footwear and ready-to-wear brand Stella McCartney has named London-based Amandine Ohayon chief executive, effective December 1.Ms Ohayon is an alumna of ESSEC Business Schools luxury management MBA programme and most recently helmed w…
荐Mariano Shoes invests in the women’s segment
The Portuguese luxury shoe brand has acquired a production unit that has been in business for over 40 years to increase its production capacity and expand its women’s range
荐Tod's Strong growth continues for Tod’s in nine-month results
Tod’s has announced its financial results for the first nine months of the 2023 fiscal year, when sales were up by 14.3% year-on-year to ?28.4 million.
荐Tod’s delivers solid performance
The Italian-based luxury brand recorded a 14.3% increase in sales in the first nine months of 2023, as compared to the same period of 2022, with all brands registering double-digit growth
荐Growth for Geox in nine-month results against tough environment
Italian footwear and apparel manufacturer Geox has reported its financial results for the first nine months of 2023, when consolidated sales were up by 2.3% year-on-year to ?82 million.
荐Onix focuses on the North American market
The Portuguese-based footwear winter manufacturer is focusing on the North American region due to the weather conditions, as well as the conditions of the market
荐Geox reports moderate growth
The Italian-based brand recorded a positive performance in the year to date, but emphasised that the sales growth was moderate as compared to the last two years
荐Global leather industry issues manifesto ahead of COP28
Leather associations from around the world have signed a manifesto to call on COP28 delegates to recognise the positive role of natural materials such as leather in people’s lives and livelihoods
荐Crocs with another strong quarter
The US-based footwear company posted a revenue increase of 6.2% in the third quarter of 2023, as compared to the same period of 2022, driven by double-digit revenue growth from the Crocs brand