“After two years of robust expansion, 2023 signals a period of stabilization. Initial revenue figures indicate a 2.2% decline compared to the previous year at current exchange rates, while constant exchange rates reveal a marginal 0.3% uptick. This steady state comes amidst a challenging macroeconomic backdrop marked by geopolitical tensions, elevated interest rates, and inflation, […]
“Skechers’ achievement of a new annual sales record of $8.00 billion underscores the global acceptance of our products, the expansion of our loyal customer base, the strength of our partnerships, and the dedication of our team,” remarked Robert Greenberg, CEO of Skechers. In fiscal 2023, Skechers saw a 7.5% growth in sales, reaching $8.00 billion, […]
CEO Helena Helmersson highlighted improvements in the supply chain and cost management, leading to stronger gross margins and cash flow. Despite challenges like inflation and interest rates affecting consumer purchasing power, net sales in comparable markets rose compared to 2022. In the twelve months ending November 30, 2023, H&M achieved 236.0 billion Swedish kronor (20.9 […]
In the heart of Riva del Garda, the 100th edition of Expo Riva Schuh & Gardabags unfolded, not just as a celebration of the past but as a testament to its enduring influence and impact on the international footwear and bag business. This milestone event brought together a global community committed to advancing the industry […]
The outgoing Chairman expressed his gratitude to the Council for Leather Exports (CLE) members in a heartfelt message, reflecting on the impactful 2 ½ years he spent at the helm of the organization. Addressing challenges within the industry head-on, he shared the remarkable achievements made possible through collaborative efforts with the government and the unwavering […]
A Comprehensive Analysis – By: Shri Atul Kumar Mishra The footwear industry within the United States pulsates with vibrancy and dynamism, uniquely characterized by a fusion of high per capita income, the globe’s largest economy, and a longstanding tradition of housing some of the world’s premier footwear labels. Flourishing on a diverse range of factors, […]
The Converse x pgLang partnership is back, this time with a plot twist. Debuting in a black colorway of the pgLang for Converse Chuck 70, the collaboration introduces a chance-driven experience that will randomly ship one of two new variations of the shoe when it is ordered on converse.com. Founded in 2020 by Kendrick Lamar […]
FAST-R 2 NITRO™ ELITE PUMA heralds the arrival of the Fast-R 2 NITRO™ Elite, an unparalleled race-day running shoe poised to redefine performance standards. Evolving from the groundbreaking Fast-R NITRO™ Elite, this iteration boasts an astounding 22% surge in energy storage and up to 46% more raw energy return, promising a lighter, more efficient experience […]
Its new superpower: a Nike ZoomX Foam midsole, appearing for the first time in a Nike Basketball shoe. For Nike designers, adapting Nike ZoomX Foam to a basketball silhouette was a detailed process. The G.T. Cut 3 had to balance the foam’s next-level responsiveness with a low-to-the-ground court feel. The design teams achieved both goals: […]
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