Companies
Nordstrom holiday sales fall by 22%
The American chain of luxury department stores announced a net sales decline of approximately 22% for the nine-week holiday period ended on the 2nd of January 2021, compared with the nine weeks ended on the 4th of January 2020
G-III enters the race to buy Arcadia
The New York-based group G-III Apparel is said to have entered the race to acquire Arcadia and to be among the top four candidates (Next, Boohoo and American-based Authentic Brands). However, G-III has not yet publicly confirmed
UK: online sales growth hits 13-year high
Following an outstanding performance in November, online retail sales growth in December remained high at 37% Year-on-Year (YoY) growth. Online retail sales growth for the full year stands at 36% YoY, resulting in the highest annual growth since 2007
Asos sees UK sales climb by 36%
The UK-based marketplace ASOS, home to 900+ small businesses, has announced a trading update for the four months ended on the 31st December 2020 with revenue growth ”surpassing expectations”
Gallery SHOES & Fashion postponed to April
Originally scheduled to take place from the 7th to the 9th of March 2021, Gallery SHOES & Fashion will now be taking place after Easter, from the 18th to the 20th of April 2021, at the Areal Böhler in Düsseldorf. The corresponding Showroom Concept has been moved to April as well (16th-20th)
Brazilian footwear claims anti-dumping against Vietnam and Indonesia
According to Abicalçados, the Brazilian Footwear Industries Association (Abicalçados), anti-dumping is high on the agenda for 2021, with the renewal of the existing duty over Chinese products, and its expansion to Vietnam and Indonesia
2020 should be Crocs' best year
The brand of casual footwear for women, men, and children, known by its clogs, raised its 2020 revenue guidance and expects accelerated full year 2021 revenue growth of 20% to 25%
Brazil: Footwear sector to grow 19% in 2021
The forecast is made by Abicalçados, the Brazilian Footwear Industries Association (Abicalçados), and follows a fall in year 2020 estimated to be around 25%. This placed the production of the Brazilian footwear industry at the same level as the one registered 16 years ago
Gallery FASHION & Shoes: event will be digital only and have extended duration
With the extension of the lockdown in Germany until the end of the current month, the next edition of Gallery FASHION & Shoes will no longer be able to take place as a physical event at the Areal Böhler. The plans were to run an hybrid edition. Now the event will be digital only
Genesco: comparable sales decreased by 3%
The company reported that comparable sales, including both stores and direct sales, decreased by 3% for the quarter-to-date period ended on the 26th of December 2020. Same store sales decreased by 14% and sales for the company's e-commerce businesses increased by 49%
DiVERGE shoes in new Clooney movie
In the new film starred by George Clooney another character is shining: the Portuguese brand DiVERGE and its shoes
US loses 140 000 jobs in first monthly loss since Spring
The unemployment rate stayed at 6.7%, the first time it hasn't fallen since April. The last month of 2020 was marked by a loss of 140 000 jobs. This was the first monthly loss since the Spring, when the outbreak of the COVID-19 first took place
ABG's Spyder to expand into footwear
The US-based ski-focused lifestyle brand Spyder, part of the Authentic Brands Group portfolio, has announced that it is expanding into the footwear category through a licensing deal with Footwear Unlimited
JD Sports buys menswear retailer Wellgosh
The British sports-fashion retailer JD Sports acquired the Leicester-based menswear retailer Wellgosh. The financial terms of the transaction were not disclosed yet-
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