Companies
Retail sales down by 1.8% in Hungary
In the first month of 2021, the volume of retail sales decreased by 2.6% according to raw data and by 1.8% when adjusted for calendar effects compared to the same period of the previous year, according to data by the Hungarian Central Statistical Office (KSH)
Nordstrom sales drop by 20%
The Seattle-based luxury department store has announced results for the fourth quarter and fiscal year ended on the 30th of January 2021. Annual sales were down by 20%. Digital sales reached 2 billion US dollars and represented 54% of the business
Christian Louboutin sells 24% stake to Ferrari owner
Holding company Exor and Christian Louboutin announced a partnership whereby Exor will invest 541 million euros to become a 24% shareholder in Christian Louboutin, alongside the founders and will nominate 2 of the 7 members of the Company’s Board of Directors
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UK: footfall remains low
With the UK still in lockdown, year on year UK footfall decreased by 73.5% in February, with only a 3.4 percentage point improvement from January. The new figures were just published and commented by the British Retail Consortium
Foot Locker names Melody Ehsani Creative Director of women's business
The sportswear retailer has announced Melody Ehsani as Creative Director of their women's business. The designer is set to debut custom women-centric capsule collections, as Foot Locker aims to be a leader in the streetwear world
Colombia: pronounced drop in consumption is hurting the industry
In 2020, Colombia suffered the worst economic crisis in history, as a consequence of the COVID-19 pandemic. ACICAM, the Colombian Association of Footwear, Leather and Leather Goods, tells us how the footwear industry in the country is coping
Kate Spade with new structure for creative organization
The American-based fashion design house Kate Spade, owned by the Tapestry-group, today announced a new creative organizational structure designed to sharpen its focus on the consumer, drive innovation, and increase collaboration
Susie Mulder appointed Global Brand President for Timberland
VF Corporation, the owner of the Timberland, announced the appointment of Susie Mulder as Global Brand President of the brand. She begins in her new role on the 5th of April and will report to VF’s Chairman, President and CEO, Steve Rendle
Yellow Wood Partners to acquire Scholl from Reckitt Benckiser
The Boston-based private equity firm focused on investing in consumer brands and companies announced that it has entered into an agreement to acquire the Scholl footcare brand, from UK-based consumer-goods company Reckitt Benckiser
Aloft focus on sustainable soles for technical footwear
Portuguese-based company Aloft, specialised in the production of soles for technical footwear, is launching the first products using production waste. This results from research carried out within the FAMEST RTD project
Capri appoints Alejandro Martinez-Galindo as Chief Information Officer
The fashion luxury group announced the appointment of Alejandro Martinez-Galindo as Chief Information Officer of Capri Holdings, reporting to Thomas Edwards, EVP, Chief Financial Officer and Chief Operating Officer. His start date is the 8th of March 2021
Marita Moreno is in the biggest fashion game in the world
It is one of the most famous virtual fashion games. It's called Covet Fashion and it allows users to create a dream virtual wardrobe and bring some of those pieces to real life
Kohl's expects sales to increase by two digits in 2021
The US-based retailer has announced they currently expect full year 2021 net sales to increase in the mid-teens percentage range as compared to the prior year. Total revenue declined by 20.1% in fiscal 2020
Birkenstock sells majority stake to the company behind LVMH
The Germany-based lifestyle brand has reached an agreement to sell a majority stake in Birkenstock Group to L Catterton, the private equity firm, and its affiliates including Financière Agache, the family investment company of Bernard Arnault (owner of LVMH)-
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