News
Italy: expectation is for trade fairs to restart from July onwards
According to Italy’s Industry Minister Giancarlo Giorgetti trade shows should resume its activity in July. The events have been suspended due to the COVID-19 pandemic
UK Retail: Christmas upsurge turns into big new dip at the beginning of 2021
As a new wave of COVID-19 struck the UK and a new confinement hit the country after the New Year, retail sales of footwear slowed down again. One interesting fact comes from the indicator of consumer confidence, which is now increasing for two succeeding months. If vaccination in the UK succeeds, footwear sales decline might not persist. The question is what the impact will be for brick and mortar, as this virus seems to have been fatal for many high street players
Digital Communication and Sustainability: the two priorities for post-COVID investment
In the latest edition of the World Footwear Business Conditions Survey, we questioned our panel members about the investment priorities footwear companies will be focusing in the post pandemic world
Under Armour announces commitments to tackle climate change
The US-based sportswear brand Under Armour has committed to using 100% renewable energy use in owned and operated facilities by 2030 and to achieve net zero greenhouse gas emissions by 2050
Todd Kahn is new Coach's Chief Executive Officer and Brand President
The New York-based house of modern luxury accessories and lifestyle brands, announced the appointment of Todd Kahn as Chief Executive Officer and Brand President of Coach, effective immediately
US: threat of new tariffs in response to digital taxes
The United States Trade Representative (USTR) is collecting public comments on the potential implementation of tariffs to a list of goods from 6 US trading partners. Tariffs can go up to 25%. Footwear is part of the lists for some trade partners
Tod's appoints Chiara Ferragni member of Board of Directors
This is the latest move of the Italian-based group to reach out to a younger generation. The Tod’s Group has appointed Chiara Ferragni as a member of its Board of Directors
Digital, Digital and more Digital
In the fourth edition of our Business Conditions survey, we questioned our panel members on which business-to-business marketing tools will be more important for footwear businesses in the post-pandemic world. Digital, digital and digital are the top answers
Wolverine appoints Kathleen Wilson-Thompson to its Board of Directors
The Michigan-based company announced the appointment of Kathleen Wilson-Thompson to its Board of Directors. The decision is effective from the 5th of May 2021 onwards
Digital increasingly important at the expenses of traditional retail
Since the first edition of the WF Business Conditions Survey, we have been asking our panel of expert about their expectations regarding the evolution of different retail channels over the next three years: digital continues to be increasingly important
Nike remains the world's top valuable apparel brand
According to data from the Brand Finance Apparel 50 2021 report, Nike is the world’s most valuable apparel brand for the seventh consecutive year. The total value of the world’s top 50 most valuable apparel companies declined by 8%
Kurt Geiger to open 9 new stores this week
The UK-based retailer has announced it will open nine new stores this week as non-essential retailers in England are allowed to reopen
Sustainability concerns more relevant than fashion trends
When asked about the factors considered to be the most relevant in determining the evolution of sales of each category of footwear, our experts’ answers point to a raising relevance of the sustainability concerns
Asos with sales growth of 24%
A few weeks after the announcement of the acquisition of part of the assets of the Arcadia group, including Topshop, the British electronic marketer Asos published its results for the six months to the end of February, posting two digits growth in sales
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