News
Puma’s sales and profitability rebound in the third quarter
The sales of the Germany-based sportswear giant rebounded in the third quarter of 2020 and increased by 13.3%. Notwithstanding, Puma remains cautious for the fourth quarter given the evolution of the COVID-19 pandemic
The ultimate guide for fashion companies to build a digital presence
COVID-19 has accelerated the digitalisation of our lives and our businesses. More than simply having a site or a Facebook page, it is important to build an integrated digital presence, so, today we bring a list of key steps to bear in mind if you want to build a meaningful presence in the digital world
Tapestry with 14% decline in sales
Despite the falling sales performance registered in the first quarter of the new fiscal year, Tapestry says it is pleased with the achieved results, which are above the company's expectations
Wolverine declares quarterly dividend
The Michigan-based footwear group has announced its Board of Directors has declared a quarterly cash dividend of 0.10 US dollars per share of common stock
Footwear sales in the US expected to stabilize and bounce back slightly in 2021
The forecast is from the NPD Group, which estimates that fourth quarter sales are positioned to significantly improve over year-to-date trends
Skechers announces third quarter results
The California-based footwear company reported sales of 1.30 billion US dollars in the third quarter of the year, a 3.9% decrease year-over-year, but a 78.3% increase from the second quarter of 2020
Genesco appoints John F. Lambros to its Board of Directors
Lambros is President of GCA-US, a global investment bank. He serves as the head of GCA's digital media banking practice and is a member of its board of directors and executive committee. With this appointment Genesco's board now has eight members
adidas set to sell Reebok
Fashionnetwork is reporting, based on an article by German Manager Magazin, that adidas is planning to sell its Reebok division
YFF debuts in Milan
Portuguese-based brand YFF - Young Fashion Footwear - presented itself to the world in Milan, during the last edition of Micam, for the first time
Joanne Crevoiserat is Tapestry's new CEO
The New York-based house of luxury accessories and lifestyle brands announced that its Board of Directors has appointed Joanne Crevoiserat as Chief Executive Officer, effective immediately
Crocs: third quarter revenue grew by 16%
Revenue totaled 361.7 million US dollars, an increase of 15.7% from the same period last year, or 15.9% on a constant currency basis. E-commerce revenue grew by 36.3%, while wholesale increased by 12.4% and retail went up by 8.9%
Success Road: social partners as key actors in assisting the transfer process of EU family business
Last week, the Interreg Europe Success Road project consortium met virtually with Spanish public and private stakeholders to debate on the role of social partners in facilitating the transfer process of EU family businesses
Free shipping will make a difference this holiday
According to NPD's insights, free shipping was identified, for the first time, as the number one factor influencing where consumers decide to shop this holiday in the US. A finding in line with consumers increasing use of online shopping due to the COVID-19 pandemic
Hermès returns to growth
Sales in the third quarter (+7% at constant exchange rates and +4% at current exchange rates) are driven by strong activity in the group's stores (+12% at constant exchange rates), the momentum in Asia and a significant improvement in all other geographical areas
Are you using any of these B2B Marketplaces for Fashion?
With the world moving into the digital sphere at a fast rhythm more and more businesses are being made online. This is well known for Business to Consumer, but is also the case for Business to Business connections, as different parts of the supply chain get connected via B2B marketplaces
Kurt Geiger plans 500 job cuts as UK's intends to end tax-free shopping
The luxury footwear and accessories retailer plans to cut 500 jobs, a quarter of its workforce, early next year after the British government announced that it plans to abolish tax-free shopping by the end of the current year
Ferragamo launches 3D made-to-order service
The Italy-based luxury brand is teaming up with Microsoft and its technological partner Hevolus for launching an innovative service to its customers. Hevolus's Augmented Store at Home platform is based on Microsoft's Cloud Computing and Mixed Reality technologies
Brazil expects 1.2 million US dollars from digital networking meetings
According to Abicalçados the digital business networking meetings held by 20 Brazilian footwear brands with buyers from Latin America between the 24th of August and the 25th of September will likely generate 1.2 million US dollars in businesses
Footwear stores hit hard in Moscow and St. Petersburg
Shoe Intelligence, based on estimations by Moscow-based think tank Evotor, is reporting a 17% plunge in sales of independent footwear stores in Russia in September. Decline is more severe in Moscow and St. Petersburg
Kering overcomes expectations despite 4.3% sales decline
The luxury group announced consolidated revenue in the third quarter of 2020 of 3 717.7 million euros, down by 4.3% as reported. Double digit growth in North America and Asia-Pacific contributed to the period's performance
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