This is the second downgrade in three months.

This includes globally sold out styles across men's and women's footwear.

Footwear retailer Betts was among brands named and shamed in a controversial annual report.

"I found three different makers so that I didn’t have all my eggs in the one basket if they decided to pull out along the way."

Revenue is expected to rise by an annualised 1.8% over the five years through 2016-17, to $3.18 billion.

"The focus will be on costs as a percentage of sales. They will need to go down."

Footwear is among the most frequently purchased categories by students.

There have been challenging trading conditions since Boxing Day.

"I finished school and started working in the factory at 17."

Significant discounts have already started to roll out.

"There was discussion regarding this for a long time so the team have been ready for it."

Converse hasn't opened a single Australian store since 2011.

Hype DC has been acquired for an eye-watering sum.

Made famous by Brigitte Bardot and Jane Birkin, these shoes are headed downunder.

An exciting new chapter for the Geelong footwear brand.

It will allow the brand to tap into customers in regional Australia.