Latest Headlines

  • balena_for ever_
    Article

    For Ever to produce compostable soles with Balena’s technology

    2024-02-20T17:15:00Z

    For Ever, a Portuguese sole brand created in 1973, is joining forces with Balena to produce compostable soles. Balena is a circular economy startup founded in 2020 and located in Tel Aviv. The collaboration, unveiled on Feb. 20 during the Milan-based trade show Lineapelle, will combine For Ever’s mold injection ...

  • footwear generic
    Article

    Italian shoemakers concerned about the first half of 2024

    2024-02-19T07:57:00Z

    After having experienced a decline in revenues in the second part of 2023, Italian footwear manufacturers expect the negative trend to continue during the first half of 2024. After gains posted in the first half of 2023, driven by a 13.6 percent year-over-year surge in the first quarter and a ...

  • VF_Blue_Ball_New_Logo
    Article

    VF to extend its board in agreement with Engaged Capital

    2024-02-17T13:05:00Z

    VF Corporation has appointed Caroline Brown to its board in agreement with its shareholder Engaged Capital. The activist investor has been pushing for an aggressive turnaround for the US apparel and footwear company. ”This appointment follows constructive engagement with VF’s shareholders, including Engaged Capital, LLC. VF also intends to ...

  • SJ
    Article

    How Cortina wants to disrupt the sneaker market with its new SJ brand

    2024-02-16T16:39:00Z

    Simultaneously in Europe and in Asia, Cortina launched the SJ brand, which it expects will disrupt the sneaker market and help it make the transition from a private label business to a brand-centric entity. The new label was showcased at Expo Riva Schuh & Gardabags, an international trade show specializing ...

  • crocs
    Article

    ​Crocs brand starts 2024 with momentum but $5bn sales target will take longer to reach

    2024-02-16T16:37:00Z

    The Crocs brand has started 2024 “with momentum,” after sales in 2023 jumped by 14 percent to $3.0 billion, but management now expects it will take a bit longer to reach a $5.0 billion 2026 sales target unveiled in 2021. “I don’t think it’s realistic to achieve the $5 billion ...

  • Shoe-Carnival-Logo
    Article

    Shoe Carnival buys Rogan Shoes

    2024-02-16T12:40:00Z

    Shoe Carnival has acquired Rogan Shoes, a 53-year-old work and family footwear company with 28 stores in Wisconsin, Minnesota and Illinois, for a purchase price of $45 million. The US footwear retailer expects the acquisition to be immediately accretive to its fiscal 2024 earnings and generate approximately $84 million in ...

  • Town Team Egypt
    Article

    Town Team is seeking to expand its footwear offer

    2024-02-16T12:39:00Z

    Town Team, a fast-growing Egyptian retailer, is seeking for new suppliers to enhance its footwear range as it faces competition from fast-fashion brands such as Zara and Bershka, both owned by the Spanish behemoth Inditex, and LC Waikiki, a Turkish chain also known as LCW. Town Team, which offers men’s ...

  • Micam
    Article

    Micam attracts over 900 brands

    2024-02-15T10:47:00Z

    Micam will host 923 brands at its forthcoming edition, scheduled from Feb. 18 to 21, with 464 labels coming from Italy and 459 from abroad, mainly Spain, Turkey, Brazil, Germany and Portugal. Micam, which will be held at the Fieramilano Rho exhibition center at the outskirts of Milan, will showcase ...

  • BasicNet-33410-logo
    Article

    BasicNet’s revenues inch up 3%

    2024-02-14T09:51:00Z

    BasicNet generated consolidated revenues of €398.6 million in 2023, up by 2.7 percent from the year earlier, as aggregate group brands revenues slipped by 10.4 percent to €1.14 billion, preliminary results show. The Italian company, which is the parent of such brands as Kappa, Robe di Kappa, K-Way, Superga and ...

  • Sam Edelman
    Article

    Sam Edelman expands into 4 categories, including handbags and kids’ shoes

    2024-02-14T09:51:00Z

    Sam Edelman, a leading brand in the portfolio of the US footwear company Caleres, has entered into partnerships with four new licensees to expand all three of its brands – Sam Edelman, Circus NY by Sam Edelman and Sam & Libby – into new categories. The new licensing partners are ...

  • murad-swaleh-DoFg1DpifBM-unsplash
    Article

    Kenyan footwear producer seeks a partner to launch leather-shoe production

    2024-02-13T07:45:00Z

    Saagar Shah, whose family owns and manages Kenya Suitcase Manufacturers (KSM), is planning to enter the leather-shoe market and is seeking a partner with skills in the production of uppers. The Mombasa-based company generates half its revenues from the production of rubber boots, polyvinyl chloride (PVC) shoes, for adults and ...

  • Pakistani flag
    Article

    How Starlet continues to develop its fashion line as it grapples with adverse forex

    2024-02-13T07:44:00Z

    The Starlet group, a Pakistani shoemaker based in Lahore, has continued to develop its line of fashion shoes, with a foray into women’s footwear, while having to deal with the consequences of a sharp devaluation of the local currency. Between early 2022 and September 2023, the Pakistani rupee declined by ...

  • tods 3
    Article

    New delisting attempt for Tod’s

    2024-02-12T18:22:00Z

    After failing at the end of 2022, Tod’s’ key shareholders are trying again to delist the Italian company by offering a higher price. Financial analysts are divided on whether the new attempt will be successful. Under the current offer, Crown Bidco, a company controlled by L Catterton, a private equity ...

  • alpargatas logo
    Article

    Alpargatas’ Q4 results hit by write-offs

    2024-02-12T17:05:00Z

    Write-offs totalling 64 million Brazilian reais (€12.0m) in raw materials and finished goods affected fourth-quarter adjusted Ebitda at Alpargatas. The Brazilian footwear group ramped up its capital discipline in the latter months of 2023 because of a “significant reduction” in sell-ins, itself due to high levels of inventory at retail. ...

  • richter
    Article

    Creditors clear Richter’s restructuring plan

    2024-02-12T15:24:00Z

    The insolvent Austrian company Ferdinand Richter, the oldest children’s shoe manufacturer in Europe, will continue operations after creditors approved a restructuring plan by a large majority. Under the restructuring plan, creditors will receive 20 percent of the claimed sums, 5 percent of them immediately. The initial cash sum is ...

  • Tapestry
    Article

    Stuart Weitzman’s sales trend improves

    2024-02-09T17:27:00Z

    Stuart Weitzman, the premium footwear brand of the U.S. fashion group Tapestry, posted sales of $82.2 million in the fiscal second quarter ended on Dec. 30, down by 4 percent year-over-year on a reported basis and by 3 percent at constant currency rates. Despite still being negative, the trend was ...

  • Jimmy Choo logo
    Article

    Jimmy Choo’s Q3 sales and profitability decline

    2024-02-09T17:27:00Z

    In the third fiscal quarter ended on Dec. 30, Jimmy Choo posted revenues of $166 million, down by 1.2 percent compared with the prior year on a reported basis and by 3.0 percent at constant currency rates. The brand’s retail sales were approximately flat, while wholesale revenue decreased by a ...

  • Kidderminster
    Article

    How Kidderminster Footwear weathered Brexit

    2024-02-07T17:06:00Z

    Like other British exporters, Kidderminster Footwear suffered the double-whammy of the Covid-19 pandemic, which broke out in Europe in the latter part of the first quarter of 2020, and the UK’s departure from the European Union on Jan. 1, 2021, the so-called Brexit. The company states that its business, excluding ...

  • VF_Blue_Ball_New_Logo
    Article

    VF starts a strategic review of its assets

    2024-02-07T15:13:00Z

    VF Corp., whose current portfolio includes The North Face, Vans, Timberland and Dickies, has initiated a strategic review of its brand assets. The announcement comes after the company’s shareholder Engaged Capital made in October a presentation “highlighting the actionable and significant opportunities for long-term value creation at the company.” According ...

  • nikita-karimov-lvJZhHOIJJ4-unsplash
    Article

    Parallel imports rise in Russia

    2024-02-03T09:23:00Z

    Parallel imports of fashion goods in Russia are increasing despite calls by Russian footwear manufacturers for a clampdown. A surge in Russian shoe imports at the end of 2023 was primarily attributed to the parallel imports, disclosed Igor Ulyanov, vice president of the Russian union of light industry, Soyuzlegprom. In ...