Footwear

Clarks: majority stake acquisition completed and new CEO named

Mar 17, 2021 / Hong Kong

The Hong Kong-based private equity firm LionRock Capital has completed its investment in Clarks. The deal, announced back in November, amounts to 100 million British pounds

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Hong Kong: APLF Fairs reschedule to November 2021

Mar 17, 2021 / Hong Kong

The Organisers of APLF announced today that the APLF-Leather, Materials+ and Fashion Access will be rescheduled from the 5th-7th July 2021 to the 17th-19th of November 2021. The events will take place, as usual, in Hong Kong

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Prada: 24% drop in revenue and 200% growth in the online business

Mar 16, 2021 / Italy

Total net sales for the twelve months ended on the 31st of December 2020 totaled 2.39 billion euros, down by 23.6% at constant exchange rates (down by 24.9% at current exchange rates) compared with approximately 3.18 billion euros in 2019

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New exhibition in London focus on sneakers

Mar 16, 2021 / United Kingdom

The new show will tell the story of sneakers and will open at the Design Museum, in London, on the 30th of April and will last until the 24th of October 2021

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H&M sales fall by 21%

Mar 15, 2021 / Sweden

In the first quarter of 2021 H&M group’s net sales decreased by 21% in local currencies compared to similar period in the previous fiscal year. The Sweden-based group’s net sales amounted to 40 060 million Swedish Krona in the period

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Macy's: sales down by 29% in fiscal 2020

Mar 15, 2021 / United States

The department store chain announced sales falling to 17.3 billion US dollars in the year ended on the 30th of January 2021. Net loss for the period totaled 3.9 billion US dollars

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Online footwear sales reach 21.4% share in Italy

Mar 12, 2021 / Italy

Assocalzaturifici, the Italian Footwear Manufacturers' Association, announced the results for 2020. After bringing the overall analysis yesterday, on production, exports and consumption, today we focus on the behaviours of online sales

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Carlos Santos: In his own name

Mar 12, 2021 / Portugal

He began working in the footwear industry, in Portugal, very early. Carlos Santos started his professional career at Zarco, a family company dedicated to making shoes headquartered in São João da Madeira. Meet the man behind one of the most renowned men's footwear brands

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Inditex invests 130 million euros in new headquarters for Zara

Mar 12, 2021 / Spain

The Spanish-based fashion group will inaugurate a new building at its headquarters in Arteixo (A Coruña). The new facilities will be home to the Zara.com studios and to Zara Man’s central design office, after a 130 million euros investment

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Italy with sharp fall in turnover, production and exports in 2020

Mar 11, 2021 / Italy

The COVID-19 pandemic has hit the Italian footwear industry hard, with double-digit reductions across all the main variables, according to Assocalzaturifici, the Italian Footwear Manufacturers' Association

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adidas expects strong 2021 recovery as growth returned in fourth quarter of 2020

Mar 11, 2021 / Germany

The Germany-based sportswear giant announced it returned to slight growth at constant currencies in the last quarter of 2020, supported by e-commerce and retail sales. adidas is expecting strong pick up in 2021

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April edition of Futurmoda cancelled

Mar 11, 2021 / Spain

Spanish-based Futurmoda has decided to cancel its 45th edition. Futurmoda is the International Fair of Leather, Components and Machinery for Footwear and Leather Goods

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Dick's Sporting Goods: closes 2020 with 9.5% increase in net sales

Mar 10, 2021 / United States

The Pittsburgh-based sportswear retailer announced fiscal 2020 results. The year was marked by a 9.5% increase in sales, despite the challenges of the COVID-19 pandemic

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Inditex: sales down by 28% in 2020

Mar 10, 2021 / Spain

The Spanish-based retail group Inditex also generated profit of 1.1 billion euros in its 2020 financial year, with the figures attributed to a leap in online sales and strong customer engagement

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Vestiaire Collective: financing round backed by Kering and Tiger Global Management

Mar 10, 2021 / France

The second-hand fashion platform announced the completion of a new 178 million euros financing round, backed by global French luxury group Kering and US investment firm Tiger Global Management