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Roberto Pellegrini, Longtime Riva del Garda Fierecongressi President,...

10th India International Footwear Fair Opens in New...

BIS Reforms Expected to Ease Compliance for the...

At Expo Riva Schuh & Gardabags, the wisdom...

NEWS

Puma’s Resilience in Challenging Times: Achieves Full-Year Sales Growth Despite Weak Fourth Quarter

Puma, the renowned sportswear brand, has navigated through a volatile market landscape to achieve robust full-year sales growth, overcoming challenges encountered in the fourth quarter. Arne Freundt, CEO of Puma, credited the company’s strong performance to its dedicated team and valued partners. Fourth Quarter Performance: Full-Year Results: Fiscal 2024 Outlook: Puma remains optimistic about its […]

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Assocalzaturifici Reaffirms Giovanni Ceolini as President, Outlines Vision for the Sector

Italy, March, 2024 Assocalzaturifici, the association representing over 450 companies in Italy’s footwear manufacturing sector, has confirmed Giovanni Ceolini as President. Ceolini’s tenure is set to prioritize sustainability, digitalization, innovation, and the promotion of Made in Italy craftsmanship, with a particular focus on attracting young talent to the industry. In a statement released by the […]

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NEWS

Challenges Loom for German Shoemakers Amidst Economic Pressures

Germany, March, 2024 Manfred Junkert, CEO of the Federal Shoe and Leather Goods Industry Association (HDL/S), has expressed concerns over the challenging outlook for German shoemakers amidst difficult market conditions. Despite displaying considerable resilience and creativity, manufacturers are facing tough circumstances with only nominal sales growth and significant losses in shoe imports. “In view of […]

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Steve Madden Reports Solid Fourth Quarter Performance

New York, March 2024 Steve Madden, a leading footwear, apparel, and accessories brand, has announced robust fourth-quarter results, surpassing expectations across key metrics. Edward Rosenfeld, Chairman and CEO, expressed satisfaction with the company’s performance, highlighting organic revenue growth and improved operating margins. Fourth Quarter Highlights: Full Year Results: Outlook for Fiscal 2024: Looking ahead, Rosenfeld […]

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Aldo Group to Manufacture Bags and Leather Goods for ABG’s Hunter Brand

ABG’s Hunter brand is set to venture into the realm of accessories through a strategic partnership with the Aldo Group. This collaboration aims to harness Aldo’s extensive experience in handbag manufacturing to bring forth a collection of accessories that embody Hunter’s rich heritage while catering to consumers’ preferences for quality, style, and functionality. Jarrod Weber, […]

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NEWS

Italian Footwear Production Declines in 2023

Italian footwear production faced a notable setback in 2023, experiencing an 8.6% decline to 148 million pairs. This downturn also contributed to a 5.3% decrease in the number of active companies in the sector, totaling 3,564. However, the industry maintained stable employment figures, with 73,639 individuals employed, marking a modest increase of 1.8% compared to […]

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NEWS

Spanish Footwear Exports Experience Slowdown in Second Half of 2023

The Spanish Federation of the Footwear Industry (FICE) has reported a slowdown in the country’s footwear exports during the latter half of 2023. While overall exports for the year showed a modest increase, concerns persist within the industry due to factors such as declining consumption, inflation, and challenging international conditions. In 2023, Spain’s footwear exports […]

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NEWS

Evertrade Group’s Inauguration of Odisha Footwear Unit: A Milestone for Indian Manufacturing

In a grand display of industry and innovation, the Chief Minister’s Office orchestrated a momentous event on March 1, 2024, to inaugurate the EVERTRADE INDIA Odisha footwear manufacturing unit. The occasion, attended by esteemed dignitaries including the Honorable Chief Minister Shri Naveen Patnaik, 5T (Transformational Initiatives) Minister Mr. V. Pandiyan, Principal Secretary Shri Hemant Sharma, […]

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NEWS

Geox Introduces New CEO Amidst Sales Slowdown

Geox, the renowned Italian footwear brand, has announced a change in leadership as it grapples with a slight decline in sales for the fiscal year 2023. Mario Moretti Polegato, Chairman and founder of Geox, acknowledged the challenges faced by the company amidst a complex macroeconomic environment, which impacted its target market. In addition to the […]

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NEWS

Adidas surpasses operating profit expectations for 2023

“Despite falling short of desired targets, the conclusion of 2023 exceeded initial expectations,” summarized adidas CEO Bjørn Gulden. “Despite notable losses in Yeezy revenue and a cautious approach to sales, we maintained steady revenues, achieving an operating profit of €268 million. Our disciplined market approach and inventory management led to a reduction of nearly €1.5 […]

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