News
Portugal accelerates in the foreign markets
Portuguese footwear exports soar in April as the industry continues its path of recovery and is already on positive ground. In April, exports grew by 121% when compared to the same month of the previous year
Portuguese footwear industry focus on own brands
The investment in own brands is a major focus for the Portuguese footwear industry. According to data from the Industrial Property Support Office (GAPI) of the Portuguese Footwear Technological Centre, 272 new footwear brands have been created in Portugal since 2010
US: Apparel and Footwear Industry welcomes suspension of retaliatory tariffs
The American Apparel & Footwear Association (AAFA) welcomed the announcement by the US Trade Representative (USTR) to end a dispute over aircraft subsidies, effectively suspending retaliatory tariffs on clothes, shoes, and fashion accessories imposed by the US and the EU
Growing retail sales in Bulgaria
According to working-day adjusted data published by the National Statistical Institute (NSI), Bulgaria's retail sales at constant prices increased by 25.9% on the year in April
Pandemic’s impact on imports is alleviating
According to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates, imports at the nation’s largest retail container ports saw their busiest April on record
Brazilian footwear industry concerned with possible FTA Mercosur-Vietnam-Indonesia
The local association is concerned with the idea of carrying out an unrestricted trade opening for foreign products, with the reduction of the tariffs on imports. The possibility to have an FTA with Vietnam and Indonesia is already in the process of public consultation
Pinterest expands shopping features to more countries
Social network Pinterest announced the expansion of their shopping attributes to Australia, Canada, France and Germany. The shopping features were available first in the US and UK
Mytheresa joins Vestiaire Collective to offer resale service
Luxury e-commerce platform Mytheresa announced a partnership global app Vestiaire Collective. The partnership aims to drive the fashion industry’s shift towards more sustainable practices by introducing a resale service dedicated to Mytheresa’s high-end luxury customers
Virtual Gucci bag sold by more than 4.000 US dollars
The item was sold on Roblox, a video game platform and it cannot be used outside it. The Gucci Dionysus bag is not interchangeable and was more expensive than an original similar physical bag
Study finds 28% of runners started during the pandemic
This is according to a survey taken by RunRepeat which included 3.961 current runners to investigate how many began during the pandemic. The survey also aims to analyse some motivations and behaviours of current runners
Crocs appoints Tracy Gardner to Board of Directors
The casual footwear brand for women, men and children, known for its clogs, announced that Tracy Gardner has been appointed to its Board of Directors, which has been effective since the 9th of June 2021
Foot Locker's first quarter comparable store sales increase by 80.3%
The US-based retailer has announced the first set of results for 2021, with first quarter comparable store sales growing by 80.3%. Net income in the period totalled 202 million US dollars
Weyco acquires Forsake brand
The Milwaukee-based company announced that it acquired substantially all of the operating assets and certain liabilities of Forsake, a distributor of outdoor footwear
Crocs files complaint to block imports and sale of trademark-infringing products
The Colorado-based brand famous for its clogs filed a complaint with the United States International Trade Commission (ITC) seeking an investigation of unlawfully imported shoes into the United States in violation of its registered trademarks
Gap to close 19 stores in the UK and Ireland
The San-Francisco headquartered fashion group said it has plans to close 19 stores in the UK and Ireland next month as part of a restructure process with the aim to return to growth
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