Nike, the US-based sportswear giant, has announced a modest uptick in revenue for the third quarter of fiscal 2024, both on reported and currency-neutral bases, compared to the corresponding period of the previous fiscal year. John Donahoe, President & CEO of Nike, expressed optimism about the company’s trajectory, stating, “We are making the necessary adjustments […]
Heinrich Deichmann, Chairman of the Board, reflected on the Deichmann Group’s performance in 2023, noting both the challenges and successes encountered. Despite the demanding market conditions marked by factors such as high inflation and shifting consumer preferences, Deichmann reported a remarkable achievement in revenue growth. With a rise of over 7% to 8.7 billion euros, […]
Addressing Challenges and Shaping the Future of the Footwear Industry Hong Kong, March 20, 2024 (Wednesday) The Global Footwear Executive Summit, held on the second day of the Asia Pacific Leather Fair (APLF), gathered industry leaders and experts to dissect the challenges and opportunities within the footwear sector. With sessions ranging from production and supply […]
By Dipika Chopra Introduction The APLF Leather, Material, and Fashion Businesses Show made its much-anticipated return to the Hong Kong Convention and Exhibition Centre (HKCEC) from March 19th to 21st, 2024. This long-awaited event served as a pivotal meeting ground for global suppliers, manufacturers, and industry professionals, attracting over 10,000 buyers from across the globe. […]
By Arvind Bajaj, Founder Ezok Shoes, footwear enthusiast and connoisseur As a footwear enthusiast and connoisseur, I’ve often found myself drawn into the debate surrounding creases in leather shoes. It’s a topic that sparks passionate discussions within the shoe community, with some vehemently opposed to any signs of wear while others embrace the natural patina that […]
A Call for Strategic Revamp In a momentous occasion, Puran Dawar has been re-elected as the Regional Chairman for the fifth consecutive term, reaffirming his indomitable leadership and the trust vested in his capabilities. Heartiest congratulations pour in for Puran as he assumes the mantle once again, along with the esteemed members of the Northern […]
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 […]
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 […]
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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