Latest Headlines – Page 9
-
ArticleEuropean footwear brands returning to the Russian market
Nearly 15 percent of European footwear companies that pulled out from the Russian market last year have returned to the country, the Russian footwear union estimated. Germany’s Ara and Italy’s Igi&Co are examples of the Western shoe businesses resuming operations in Russia, the organization reported. Following Russia’s invasion of Ukraine ...
-
Article
CEC welcomes EU comprise on ecodesign
The European Footwear Confederation (CEC) welcomed a compromise reached on Dec. 4 between the European Parliament and the European Council regarding proposed legislation on ecodesign for Sustainable Product Regulation launched by the European Commission on March 30, 2022. It also believes that the forthcoming legislation could relaunch leather as a ...
-
ArticleGörtz plans comeback in Austria with new openings, retail concepts
The Hamburg-based shoe retailer Görtz is off to a fresh start with new openings and revamped retail concepts after a troubled year and the recent change of ownership. The chairman, Bolko Kissling, who is also managing director of Vienna-based CK Technologies GmbH, is launching from Nov. 25 eight pop-up ...
-
ArticleDesigner Brands slashes guidance after sharp decline in Q3 boot sales, post-Cyber Monday ‘lull’
Designer Brands slashed its guidance for the full year after reporting lower-than-expected sales and earnings in the third quarter ended Oct. 28 as consumers continued to be selective and an industry-wide decline in seasonal footwear had an “outsized” impact on the U.S. footwear group given its large seasonal assortment. “The ...
-
ArticleEU to ban the destruction of unsold clothing and footwear
During the night of Dec. 4, the European Parliament and the European Council reached a provisional agreement, at a technical level, on revising the European Union’s ecodesign framework for sustainable products, the parliament said. The parties plan to introduce “ecodesign” rules for products, ban the destruction of unsold clothing and ...
-
Article
CEC elects Rosana Perán as president
The general assembly of the European Footwear Confederation (CEC) held on Dec. 1 in Elche, Spain, elected Rosana Perán, as its president for the next two years. She is the first woman to head CEC and succeeds Luis Onofre, president of the Portuguese footwear association, Apiccaps. Perán is president of ...
-
ArticleGenesco sees promotional activity driving sales, pressuring margins in Q4
Genesco has raised its guidance for full-year sales while lowering expectations for profit margins following a strategic decision to increase promotional activity going into the holiday season as retailers continue to compete for more selective consumers. In the third quarter ended Oct. 28, group sales decreased by 4 percent compared ...
-
ArticleRussia’s footwear imports rise sharply
In the third quarter of 2023, Russia imported 106.5 million pairs of shoes, 47 percent more compared with the same period of the previous year, the Russian Center for Prospective Technologies (CRPT) estimated. CRPT specializes in the development of digital labeling, marketing and tracking systems for goods in various industries. ...
-
ArticleGerman retailers expect a weak Christmas shopping season
Retailers across Germany have a bleak outlook for the Christmas shopping season, according to the German Retail Federation (HDE). More than half of retailers in the non-food sector in Europe’s biggest economy are expecting weaker sales during the key Christmas period this year, as geopolitical concerns are set to put ...
-
ArticleDr. Martens cuts its guidance as it continues to struggle in the U.S.
Dr. Martens cut its guidance for its full fiscal year as it warned that it is taking longer than anticipated for a turnaround of its business in the U.S., where it faces an increasingly difficult consumer environment and lacks visibility on wholesale sales. The U.K. footwear company said it now ...
-
ArticleA new acquisition for Tre Zeta Group
Tre Zeta Group has acquired a 100 percent stake in Solettificio Do.Gi., an Italian company specializing in the design and production of insoles for women’s shoes for the world’s leading luxury brands. Situated in Civitella in Val di Chiana, in the Tuscan province of Arezzo, Do.Gi. was founded in 1977 ...
-
ArticleGenesco appoints a new head for Journeys
Genesco has appointed Andy Gray as the new president of the Journeys Group, effective Jan. 3, 2024. He succeeds Mario Gallione, whose planned retirement was announced in August. Source: Business Wire Andy Gray “In this role, Gray will drive strategic growth for the company’s largest business, building ...
-
ArticleAustrian children’s shoe manufacturer Richter files for bankruptcy
The Austrian company Ferdinand Richter, the oldest children’s shoe manufacturer in Europe, has filed for bankruptcy with the Graz regional court. The company, which is based in Pasching, near Linz, with management in Graz, is however planning to continue operations, according to media reports. Ferdinand Richter has around €7.9 ...
-
ArticleCaleres sees Famous Footwear sales continuing decline in Q4, growth at Brand Portfolio
Caleres expects sales at its Famous Footwear chain will continue to decline in the fourth quarter of its financial year at roughly the same pace seen in the third quarter, while its Brand Portfolio segment is poised to resume year-on-year growth. In the third quarter ended Oct. 28, sales at ...
-
ArticleGolden Goose’s revenues rise by 19% in the first nine months
Golden Goose’s revenues in the first nine months of 2023 stood at €421 million, up by 19 percent year-over-year and up by 60 percent compared with 2021. The brand achieved 69 percent through direct-to-consumer channels. In the sole third quarter of 2023, revenues of the Italian sneaker brand were up ...
-
ArticleCoats’ sales trends improve in H2
In the four months running from July 1 to Oct. 31, Coats’ overall revenues fell by a reported 9 percent year-on-year, while organic revenues dropped by 12 percent at constant currency rates, an improvement on the first half of the year. In the first six months of 2023, organic growth ...
-
ArticleGruppo Florence plans a Milan-based ‘hub’ in 2024
Gruppo Florence, an Italian holding company that owns 28 suppliers to the luxury goods industry, including three footwear manufacturers, is planning to create a “hub” in Milan to exhibit the know-how of its various businesses. The hub dubbed “villaggio delle meraviglie” (the village of wonders) by Gruppo Florence’s CEO, Attila ...
-
ArticleISPO Munich 2023: 7 extraordinary speakers you can’t miss
ISPO Munich has put together an impressive line-up of speakers. We present our top pick of 7 speakers you shouldn’t miss.
-
ArticleShoe Carnival sees Q4 comparable sales down 9-12%, cuts FY guidance after disappointing Q3
Shoe Carnival forecast that comparable sales would decrease by 9 to 12 percent in its fourth quarter ending in January 2024 and cut its guidance for the full year, amid limited visibility on consumers’ buying behavior in the upcoming holiday season and after unseasonably hot weather in September and October ...
-
ArticleHow an Italian shoe maker is dealing with the change of aspirations of its workers
The footwear industry in Italy, as in many other developed countries, is having to tackle with an aging workforce and a lack of appeal for young people, which has resulted in a shortage of skilled staff. But, the situation is aggravated by growing competition for resources from well-funded brands which ...
