荐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
荐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)
荐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%
荐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
荐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
荐Pikolinos posts record full year sales
The Elche-based group posted a record turnover of 138 million euros in the 2023 fiscal year, up by 29% year-over-year, a significant recovery from the COVID-19 pandemic-related decline
荐Job losses on the cards as Nike focuses on profits
Sports brand Nike is aiming to deliver up to $2 billion in cost savings over the next three years through simplifying product assortment, increasing automation and job losses.
荐Swedish outdoor brand has new owners
Hong Kong-based private equity firm LionRock Capital has acquired Swedish outdoor brand Haglfs. The brand, founded in Sweden in 1914, has been a wholly owned subsidiary of Japanese sports group ASICS since 2010.
荐Leadership changes ahead as warm winter impacts Designer Brands
Unseasonably warm winter weather in the US reduced customer demand for shoes in the third quarter, according to Doug Howe, CEO of footwear retailer Designer Brands
荐FDRA releases 2023 Shoe Sustainability Progress Report
According to the Footwear Distributors and Retailers of America (FDRA)’s latest Shoe Sustainability Progress Report, 5% more industry respondents have full visibility of their entire materials supply chain than in 2022.From the footwear materials, de…
荐AfCFTA Unleashes market opportunities for Ethiopia’s leather industry
The African Continental Free Trade Area (AfCFTA) provides huge market to Ethiopia’s leather industry considering the country’s enormous potential in the sector, according to the United Nations Economic Commission of Africa (UNECA).ECA’s African Tra…
荐Coupang rescues troubled Farfetch
Embattled London-based online luxury platform Farfetch has been rescued by South Korea’s Coupang for US$500 million.
荐More on acquisitions in the European footwear sector
The past two months have seen a number of transactions. The Italian shoemakers Dema and Asso have new owners. The Austrian retailer Leder & Schuh has acquired the brand rights of Delka
荐Nike cautions against soft demand for the second half of fiscal 2024
The US-based sportswear giant posted a solid performance in the second quarter of fiscal 2024, with profits up by 21% year-over-year, but warned of soft demand for the rest of the year
荐Wolverine Worldwide sells Asian assets for 70 million USD
As part of its ongoing transformation strategy, the US-based footwear company announced the sale of some assets in Asia, which will generate a total of 70 million US dollars in proceeds