Latest Headlines

  • Zegna
    Article

    ​Zegna’s Q4 revenues dip 0.5% but shoes post ‘exceptional performance’

    2023-01-26T10:29:00Z

    The Italian fashion house Ermenegildo Zegna generated revenues of €407 million in the fourth quarter of 2022, down by a reported 0.5 percent on the year earlier and 2.9 percent lower at constant exchange rates, as sales were hit by new Covid-19 restrictions affecting the Greater China region. The owner ...

  • primark logo
    Article

    Primark posts a rise in Christmas sales

    2023-01-25T12:54:00Z

    Primark reported a rise in Christmas sales as consumers continued returning to city shopping centers and retail parks after the easing of Covid-19 restrictions. Revenues in the 16 weeks to Jan. 7 stood at £3.145 billion (€3.562 bn), up by 18 percent on a reported basis and by 15 percent ...

  • sosandar
    Article

    Sosandar enters a distribution deal with Sainsbury’s

    2023-01-23T15:32:00Z

    The British fashion brand Sosandar has entered into an agreement to sell a selected collection of its products through the British retailer Sainsbury’s, providing it with an omnichannel presence. Thanks to the wholesale agreement, a range of women’s items will start being sold through Sainsbury’s during 2023, initially online only ...

  • CIFF
    Article

    The Danish trade show CIFF buys its rival Revolver

    2023-01-23T14:04:00Z

    Two major Danish fashion trade fairs are merging as Copenhagen International Fashion Fair (CIFF) acquires its rival Revolver effective from summer 2023, in a move aimed at strengthening Copenhagen’s position as Scandinavia’s fashion capital. While Revolver employees will relocate to CIFF’s headquarters at the Bella Center in Copenhagen, from ...

  • Schuh-Oase
    Article

    Shoe retailer Schuh-Oase files for bankruptcy

    2023-01-23T14:04:00Z

    The German footwear retailer Schuh-Oase has filed for bankruptcy, the latest of many shoe companies caught in a wave of insolvencies that has been gathering pace in Europe’s biggest economy. The coronavirus pandemic led to a significant drop in sales over the past two years and took its toll ...

  • boohoo logo 2
    Article

    Boohoo lowers its guidance on declining sales

    2023-01-20T14:16:00Z

    Boohoo has lowered its full-year revenue guidance after sales fell sharply in the last four months of 2022 due to longer delivery times and shoppers returning to physical stores. But more worrisome, the British online fashion retailer is losing market share in the U.S. and Continental Europe. Company’s sales fell ...

  • Nero-giardini-2000-1733
    Article

    C-Suite interview: NeroGiardini aims to double in three years its sales from the Covid-19 trough

    2023-01-20T09:41:00Z

    After three difficult years, that led to a significant reduction in sales, NeroGiardini is focusing on new markets to sell its wholly Italian made footwear. This year the Italian company will be entering the South Korean market.

  • french flag
    Article

    France introduces new anti-greenwashing rules

    2023-01-19T16:11:00Z

    As part of its legislative arsenal to combat climate change, the French government has now introduced the next stage of its anti-greenwashing legislation, effective January 1, 2023. The new rules are a major step in controlling advertising claims on carbon offsetting and carbon neutrality, following laws that came into effect ...

  • Expo_Riva_Schuh_Logo_w1200_h629
    Article

    Expo Riva Schuh attracts 8,610 visitors

    2023-01-19T08:06:00Z

    Expo Riva Schuh & Gardabags attracted 8,610 visitors from more than 100 countries. The organizers of the volume footwear and accessories exhibition held from Jan. 14 to 17 in the Italian town of Riva del Garda, described the attendance as “extremely positive” and higlighted that visitors from outside Europe increased ...

  • Dr. Martens logo
    Article

    Dr. Martens stumbles again due to supply bottlenecks in the U.S.

    2023-01-19T07:39:00Z

    Dr. Martens issued its second profit warning in three months after the iconic British brand was hit by a bottleneck at its new Los Angeles distribution center and weak trading in the U.S. direct-to-consumer (DTC) segment. The company estimates lost wholesale revenues and incurred costs will cut full-year Ebitda by ...

  • hotter_bgweb
    Article

    Hotter Shoes’ parent issues profits warning after ‘disappointing’ H2

    2023-01-18T13:11:00Z

    Unbound Group, the British company that owns Hotter Shoes, has issued a profits warning and said it would review operations after a weaker second half. The company, which focuses on the over 55-year-old customer demographic, expects to report an adjusted pre-tax loss for the year to Feb. 5 of £4.25-4.75 ...

  • White Mountain Footwear
    Article

    American Exchange Group buys White Mountain Footwear

    2023-01-17T17:04:00Z

    American Exchange Group has bought White Mountain Footwear, a U.S. company specialized in women’s shoes. The announcement comes a year after American Exchange Group’s purchase of Aerosoles in January 2022. American Exchange Group said that it plans to ”integrate and leverage the solid structure, sourcing and manufacturing capabilities, management and ...

  • Designer_Brands_Logo
    Article

    Designer Brands appoints a new CEO

    2023-01-17T17:04:00Z

    Designer Brands said that its board has appointed Doug Howe, currently the president of the group’s footwear chain DSW, to succeed Roger Rawlins as chief executive officer, effective April 1, 2023. Rawlins, who has been CEO for seven years, will also quit the board but will continue to work with ...

  • Dune London logo
    Article

    Dune London is enjoying strong international growth

    2023-01-16T08:21:00Z

    Dune London claims that it is enjoying “significant growth” in its international sales which now represent 26 percent of the total top line thanks to a network of 131 franchise stores as well as 48 European stores and concessions. Dune London said that its recent online collaboration with Nordstrom and ...

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Wolverine Worldwide’s profitability will be impacted by inventory reductions

    2023-01-15T16:30:00Z

    Wolverine Worldwide reduced its fourth quarter inventory total from the prior quarter by 8.5 percent to $805 million, but the effort is forecast to weigh negatively on the company’s full year and fourth quarter adjusted diluted earnings. Wolverine warned that final earning results, when reported next month, will be at ...

  • Asos logo
    Article

    Asos insists turnaround plans on track despite sales fall

    2023-01-12T16:44:00Z

    Asos insisted its turnaround remained on track, despite a slide in sales over the Christmas trading period and plans to cut more than £300 million (€338.5m) in costs this year to boost profitability. The British fast-fashion online retailer said that group revenues fell by 6 percent year-on-year in the four ...

  • genesco
    Article

    Genesco lowers FY earnings guidance

    2023-01-12T16:43:00Z

    Genesco trimmed its full-year earnings forecast in the wake of its sale performance in the first eight weeks of its fiscal fourth quarter. In the eight weeks ended Dec. 24, Genesco’s comparable sales, including both stores and direct sales, increased by 3 percent year-over-year. Same store sales decreased by 2 ...

  • Shoe Zone logo
    Article

    Shoe Zone’s results rise as stores reopen in 2022

    2023-01-12T08:00:00Z

    Shoe Zone reported a jump in annual sales and profits as its entire estate of stores reopened after the Covid-19 pandemic and trade surged in the second half during its key back-to-school period. Revenues in the 52 weeks to Oct. 1 came in at £156.2 million (€176m), up from £119.1 ...

  • Lee_logo_white
    Article

    Lee Jeans launches into footwear in Europe with Brandsplus partnership

    2023-01-12T08:00:00Z

    The American denim brand Lee Jeans is expanding its product offering with a collection of casual shoes and sneakers for men, women and children. The new footwear collection, which will launch in the EMEA market in the autumn/winter 2023 season, will be produced under license by the Belgian footwear ...

  • historic-center-russia-red-square-moscow-92412
    Article

    Chinese brands eye the Russian market

    2023-01-11T09:41:00Z

    Numerous Chinese brands plan to enter the Russian market, eyeing the empty space left by Western companies, the Russian newspaper Izvestia reported, citing sources in the Russian Union of Shopping Centers. At the end of 2022, Chinese companies already accounted for 15 to 20 percent of the shopping floor in ...