Hermès hit by disappointing Chinese sales
In the first half of 2026, Hermès reported a net profit of €2.238 billion, roughly in line with the previous year.
Barefoot European Shoe Fair to be held twice a year from 2027
Barefoot European Shoe Fair said that following its first two annual ”successful editions” it is ”taking the next logical step in its development” and that from 2027 onwards the event will be held twice a year.
LVMH’s sales rebounded in the second quarter
LVMH’s fashion and leather goods division posted revenues of €18.146 billion in the first half of 2026, down by a reported 5 percent year-over-year and down by 1 percent organically. In the sole second quarter, sales were up 1 percent organically year-over-year.
Coats footwear division set for growth after strong Q2
Coats Group said its footwear division was positioned for accelerated growth after a stronger second quarter and continued market share gains, despite a mid-single-digit decline in the global footwear market.
Zegna posts strong sales growth in Q2
Ermenegildo Zegna generated revenues of €987.3 million in the first half of 2026, up by a reported 6.4 percent compared to the year earlier and reflecting 9.3 percent organic growth.
Deckers beats on HOKA growth, but shares drop 6%
HOKA revenue grew 7.7% and EPS topped estimates, but investors focused on tariff and margin warnings for the rest of the year.
Superfeet launches new sport specific insoles
US insole maker Superfeet has expanded its performance range with three new sport specific lines, Cleat, Court and Sport, led by the Cleat Playmaker Elite and a Court Playmaker Elite expected later this year. The company is positioning the products as performance equipment, not comfort accessories.
Bata India passes the 2,000-store threshold
Bata India has passed the 2,000-store threshold and is now targeting 3,000 outlets in the coming years by focusing on tier 3 and 4 towns thanks to a franchise-based approach.
Consumer confidence improves in the UK, stabilizes in Germany
In the UK, consumer confidence improved to -17 in July from -23 in June, according to the GfK Consumer Confidence Barometer powered by the Nuremberg Institute for Market Decisions (NIM). It is the largest improvement in sentiment since November 2023.
US introduces new tariffs for 60 trading partners
As the temporary 10 percent global tariff imposed under Section 122 reaches its 150-day legal limit, the US administration is replacing the levy with new duties of 10 percent or 12.5 percent on selected imports from 60 trading partners.
Genesco wins proxy battle as shareholders re-elect all 9 board nominees
Genesco has won a proxy battle against activist investors as shareholders re-elected all nine members of the board during an annual general meeting held on July 21.
Birkenstock opens its first community workshop store in China
On July 23, Birkenstock officially unveils its first community experience store in China at HKRI Taikoo Hui in Shanghai.
Google fined €890 mln by EU for Digital Markets Act breaches
The European Commission has fined Google a total €890 million for breaches of the Digital Markets Act.
Cortina returns to its private label roots
Cortina is returning to its private label roots and doubling down on efforts to contain the price of its footwear after recently abandoning efforts to develop its SJ label as an independent brand.
Nili Lotan expands into footwear
Nili Lotan, the American designer of ready-to-wear, is expanding her label into footwear with the launch of seven core boot styles for women.
Nice Footwear doubles the production a capacity of its Favaro unit
Nice Footwear, a footwear company based in the northeastern Italian town of Padua partly owned by the private equity firm Palladio Holding, is doubling the manufacturing capacity of its unit Favaro Manifattura Calzaturiera.
French footwear exports down 2% in the first 5 months
French exports of footwear totaled €2.121 billion in the first five months of 2026, down by 2 percent year-over-year, while imports were down by 8 percent at €3.088 billion, according to data released by Alliance France Cuir, the trade association representing the country’s leather and leather goods industry.
US imposes 50% tariff on Canadian imports
The US administration has imposed a 50 percent tariff on a wide range of goods imported from Canada. The tariff however will not be applied to some key imports such as energy, potash, fish and critical minerals.
German market regulator ends Zalando probe
Germany’s financial regulator, BaFin, has ended its investigation into Zalando’s financial statements for 2025 without imposing a fine.
Frasers hikes its stake in Hugo Boss
Frasers Group announced on July 21 that it had acquired 2,549,900 shares in Hugo Boss by exercising put options on July 17.