News
Crocs reports record revenue and raises 2021 guidance
Revenue of the company famous for its clogs in the first three months of the fiscal year totalled 460.1 million US dollars, an increase of 63.6% from similar period last year. The company took the opportunity to raise its guidance for the full year
Spain Retail: depressed retail and online sales gaining share
The TCF retail Sales Index in Spain is showing some resistance to getting back to the pre-pandemic levels, even if some recovery took place over the second half of 2020. One positive sign seems to come from internet retail, which is gaining share since September 2020. The concern raises as this is being done at the expenses of physical retail. If one needs hope and goods news, those might come from some relative optimism from the consumer side, which might be followed by the retailers. The next few months will be key to see if they persist
Felipe Oliveira Baptista is leaving Kenzo
The Artistic Director of the French luxury fashion house Kenzo will step down from the role on the 30th of June 2021, after two years at the service of the LVMH's brand
Skechers announces record first quarter
The US-based footwear brand posted net profit of 98.6 million US dollars in the first quarter of 2021, an increase of 100.8% compared to the 49.1 million dollars in similar period in the previous year. Record sales registered in the first quarter contributed to this result
Italian and Spanish footwear risk additional taxes in the US market
The Digital Services Taxes (DST) and the reaction of the US with the threat to implement tariffs to products coming from 6 US trading partners are the hot topic at the moment in the footwear industry. Today we look into what that means for Italy and Spain
How are Italy and Spain reacting to the threat?
The announcement made by the United States Trade Representative (USTR) on the 26th March regarding the next steps in its Section 301 investigations of Digital Service Taxes (DSTs) adopted or under consideration by several US trading partners made the alarm sound for Spain and Italy
Designer Alber Elbaz dies from COVID-19 complications
The designer died on the 24th of April in Paris, at the age of 59. He was most notoriously known for its collaboration with the French brand Lanvin, where he was creative director between 2001 and 2015
Matt Priest: we are 100% against the duties
We spoke with the President & CEO of the Footwear Distributors & Retailers of America to go over the topic of the moment: the US threat of duties on footwear imported from Spain, Italy and the UK
What are the Digital Services Taxes?
Recently, there has been increasing concerns regarding the fact that the existing international tax system is not accommodating the digitization of the economy, as multinationals generally pay corporate income tax where production takes place, and the location of consumers is not taken into the equation
US consumer confidence rises to one-year high
According to data by the Conference Board, the US consumer confidence reached a one-year high in March, after a modest increase in February. This is the result of more optimism regarding the economy and the labour market
Employment picks up in the Brazilian footwear industry
According to data prepared by the Brazilian Footwear Industries Association (Abicalçados), the footwear sector in Brazil generated more than 18 thousand jobs in the first two-months of the year
Report from the latest Gallery SHOES & Fashion Industrial Showroom
Düsseldorf received the footwear industry for a new edition of Gallery SHOES & Fashion Industrial Showroom, which took place from the 18th to the 20th of April
Footwear consumption in the US not keeping pace with the rest of the world
In the fourth edition of our Business Conditions survey, we questioned our panel members about their perspectives regarding the evolution of the consumption share of the US in the global market. Found out about their conclusions
France Retail: Footwear Sales in Troubled Waters again
After a period of some return to normality, as reported in our previous Retail Flash for France, footwear retail in France plunged in November, to recover over the Christmas period. The up and down continued when we entered 2021. And the concern is raised: if 2020 was not good, and if other waves of the pandemic emerge, how will the footwear retail resist in 2021?
Brazilian-based Beira Rio to set up factory in Argentina
One of the largest footwear manufacturers in Brazil, Calçados Beira Rio, S.A., plans to install a footwear factory in Argentina. The aim is to produce three million pairs per year
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