Crocs raises 2026 sales, earnings guidance after better-than-expected Q1
Crocs nudged its sales and earnings guidance for 2026 slightly higher after turning in a better-than-expected performance for both its top and bottom lines in the first three months of the year.
Prada’s Q1 sales bolstered by Versace acquisition
In the first quarter of 2026, Prada Group posted a 14 percent rise in net revenues to €1,428 million thanks the acquisition of the Versace brand. Organic growth was 3 percent. Versace, whose acquisition was completed on Dec. 2, 2025, contributed €143 million to net revenues.
Zegna posts more than 7% organic growth
Ermenegildo Zegna generated revenues of €470.2 million in the first quarter of 2026, up by a reported 2.5 percent compared to the year earlier and reflecting 7.4 percent organic growth.
Italian consumer confidence declines
Italy’s consumer confidence index fell to 90.8 in April from 92.6 the previous month, while business confidence declined to 95.2 from 97.3, data from statistics institute Istat showed.
Legero United expands production site in India
The Austrian footwear manufacturer Legero United has opened a second factory hall at its production site in Vellore, India, as it expands manufacturing capacity for its Superfit and Legero brands.
Deichmann appoints new Head of Communications
Deichmann has appointed a new Head of Corporate Communications to oversee national and international corporate communications, internal communications and fashion PR of the German footwear retailer. Christopher Zurheiden has taken on the role, succeeding Christian Hinkel, who left the company after more than five years to pursue a new professional ...
Rocky Brands’ sales momentum continues in Q1 but tariffs squeeze margins
Rocky Brands’ sales momentum continued in the first quarter of 2026, as Xtratuf and The Original Muck Boot Company both reported a “high teens” percentage increase in their top lines. Profit margins continued to be squeezed by US import tariffs, although management expects tariff headwinds to lessen as the second ...
Aldo’s mobile app launched in India
Apparel Group, a global fashion and lifestyle retail conglomerate based in Dubai, launched the Aldo mobile app in India on April 22. The application is available on Google Play Store and Apple App Store.
Vivaia opens 2 more stores in the US
Vivaia, initially a digitally-native New York-based comfort footwear brand launched in 2020, is opening two more stores in the US as it expands its physical retail network.
Chaco and Wrangler join forces
Chaco, the footwear brand owned by Wolverine Worldwide, has joined forces with Wrangler, the denim brand controlled by Kontoor Brands, to create an eight-piece unisex collection “built for adventure.”
German consumer confidence deteriorates
In May, consumer confidence in Germany is expected to fall to -33.3, the lowest level since February 2023, from a revised -28.1 in April, according to the GfK Consumer Climate, published jointly by NIQ/GfK and the Nuremberg Institute for Market Decisions (NIM).
Garmont debuts lightweight 9.81 Etere shoe
Garmont has introduced the 9.81 Etere, a lightweight outdoor shoe designed for speed hiking, technical trails and everyday use.
French footwear exports down 5% in the first 2 months of 2025
French exports of footwear totaled €818.0 million in the first two months of 2026, down by 5 percent year-over-year, while imports were down by 10 percent at €1.229 billion, according to data released by Alliance France Cuir, the trade association representing the country’s leather and leather goods industry.
Asos seeks £7m in US tariff refunds as H1 losses narrow
Asos is seeking refunds for the £7m (€8.1m) in US tariffs paid during the first half of its fiscal year as it also reported narrower interim losses.
Clarks returns to profit after two years but warns of tough backdrop
Clarks has swung back into profit after a two-years in the red, driven by cost cuts that offset weaker consumer demand and a more volatile retail backdrop due to tariffs.
ANWR revamps footwear trade show strategy, consolidates summer event
ANWR Schuh is restructuring its trade show portfolio, consolidating formats and expanding its core summer event in response to mounting pressures across the footwear industry. Starting with the Spring/Summer 2027 order season, the ANWR Order Summer trade show will be extended to four days, running from Aug. 10–13, 2026. At ...
Nike cuts 1,400 jobs
Nike is cutting approximately 1,400 positions in its Global Operations division — the majority in technology — as the US sportswear company pushes deeper into a restructuring effort that has repeatedly taken longer and cost more than originally planned.
Golden Goose opens it largest Asia-Pacific in Beijing
The Italian luxury sneaker brand Golden Goose opened its largest store in the Asia-Pacific region on April 15: a 475-square-metre flagship at Beijing’s Taikoo Li Sanlitun. The store is roughly twice the size of a typical Golden Goose boutique.
German April business climate declines due to Iran war
The business climate index for Germany fell to 84.4 in April from a revised 86.3 in March, reaching its lowest level since May 2020, according to data from the economic research institute Ifo.
Shoe Zone expects to post a loss this year
Shoe Zone has warned it is set to swing to an annual loss, citing declining consumer confidence and the Middle East war.