Ferragamo's China Problem, ME+EM's American Run, and Converse Dragging on Nike
Wednesday, October 21, 2026 · 8 min
Ferragamo's third-quarter revenue fell 3.5% as China weakened and wholesale shrank, a setback after its second-quarter return to growth. British label ME+EM grew revenue 29% on US demand, while Fortune reports Converse is weighing on Nike's turnaround.
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Ferragamo's third-quarter revenue fell 3.5% as China weakened and wholesale shrank, a setback after its second-quarter return to growth. British label ME+EM grew revenue 29% on US demand, while Fortune reports Converse is weighing on Nike's turnaround.
In this episode
- Ferragamo Quarterly Sales Decline in Setback For Turnaround Efforts | BoF — The Business of Fashion
““The real problem is China and probably in Japan,” Ernesto Greco, Ferragamo executive board member, said on a call with analysts. “And to be honest, we do not, cannot understand if this is just a temporary slowdown or if it is something more durable in time.””
- ME+EM profit jumps 53% as US growth lifts revenue to £190m - TheIndustry.fashion — Catherine Rowe-Kosary
“The brand said all its US stores had been profitable in their first year of trading and delivered significant like-for-like growth in their second. Its active US customer base increased 285% between FY24 and FY26, while its VIP customer base grew 393% over the same period.”
- Nike's turnaround is stalling, and its Converse brand is a ... — Phil Wahba
“Converse hit its peak in 2023, with sales reaching an all-time high of $2.43 billion. But they had more than halved to $1.17 billion last fiscal year. If its current rate of decline continues for the rest of the fiscal year, sales will fall below $1 billion for the first time…”