News
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
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
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
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
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
Rimowa with new CEO
LVMH Moët Hennessy Louis Vuitton has named Hugues Bonnet-Masimbert the new Chairman and Chief Executive Officer of Rimowa
Denmark: all trade show activity suspended. CIFF goes digital
The Danish government’s extension of existing regulations and increasing COVID-19 restrictions results in all Danish trade show activity has been suspended until the 28th of February 2021. CIFF will be a digital event
EU-UK deal: how can leather goods benefit from duties exemption?
The EU-UK agreement has set zero taxes on goods traded between the two parts. However, rules have been set to benefit from the exemption of duties. How can leather goods benefit from zero tariffs?
How can footwear benefit from zero duties under the EU-UK deal?
The European Union and the UK have reached an agreement to frame the way both parts will live, work and trade together post-Brexit. There will be no taxes on goods originating from the UK or the EU and traded between both parts. However, how can footwear benefit from the exemption of duties?
Steve Madden appoints María Teresa Kumar to its Board of Directors
The US-based designer and marketer of fashion-forward footwear, accessories and apparel for women, men and children announced that María Teresa Kumar has joined the Board of Directors. Ms. Kumar’s appointment expands the Board to ten Directors
LVMH completes the acquisition of Tiffany & Co.
The luxury group announced that it has completed the acquisition of Tiffany & Co., the global luxury jeweller. The acquisition of this iconic US jeweller will transform LVMH’s Watches & Jewellery division and complement LVMH’s 75 distinguished Maisons
England with new general confinement
The country is going into lockdown to try to avoid further pressure to an NHS already challenging its limits. This is the third confinement since the outbreak of COVID-19 back in March 2020. Northern Ireland, Scotland and Wales are also implementing similar measures
Confinement in the UK: What are the restrictions in Scotland?
Scotland has its own restriction levels ranging from zero to four. From midnight on the 4th of January, the mainland will move to "enhanced level four restrictions" until at least the end of the month. The islands will stay in tier three
Wolverine enters 2021 with 2 exec moves
Following up from Mike Jeppesen retirement, Jim Zwiers steps into the role as President, Global Operations Group. Matt Blonder takes on the eCommerce leadership position
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