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Industry News Tuesday 9th of January 2024
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

Industry News Monday 8th of January 2024
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

Industry News Friday 5th of January 2024
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.

Industry News Thursday 4th of January 2024
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.

Industry News Wednesday 3rd of January 2024
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

Industry News Tuesday 2nd of January 2024
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…

Industry News Friday 29th of December 2023
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…

Industry News Wednesday 27th of December 2023
Coupang rescues troubled Farfetch

Embattled London-based online luxury platform Farfetch has been rescued by South Korea’s Coupang for US$500 million.

Industry News Tuesday 26th of December 2023
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

Industry News Monday 25th of December 2023
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

Industry News Thursday 21st of December 2023
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

Industry News Wednesday 20th of December 2023
Portuguese footwear arrives in Versailles

The emblematic Chteau de Versailles has chosen the footwear of the Portuguese brand Uniform Shoes to equip its reception and management teams

Industry News Monday 18th of December 2023
The Handbag Clinic receives capital injection for growth

UK-based luxury leather goods restoration and resale company The Handbag Clinic has received a capital injection to drive growth.

Industry News Thursday 14th of December 2023
Romika, Westland and Gerry Weber brands to be marketed under the Josef Seibel umbrella

The German shoe manufacturer Josef Seibel has announced that it will consolidate and market the Romika, Westland and Gerry Weber brands under the companys name from the fall/winter 2024 season

Industry News Wednesday 13th of December 2023
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