News
Sales drop and economic restrictive measures
We have compared the Stringency Index as determined by the University of Oxford with the year on year variation of clothing, footwear and leather goods sales and have found a connection. Check it out
Inspiramais turns into a digital event
As previously informed, Inspiramais Digital will be a 100% virtual event, with no visitor limit and with a particular focus on fashion
Kasper Rorsted confirmed as CEO of adidas for more 5 years
The Supervisory Board of adidas AG has extended the appointment of Chief Executive Officer Kasper Rorsted by another five years until the 31st of July 2026. Kasper Rorsted has been a member of the adidas Executive Board and the company's CEO since 2016
DW Sports chain goes into administration
The UK-based chain of gyms and sports retail has confirmed it will enter administration. At risk are 1 700 jobs. Company BDO has been nominated Administrator
Chanel buys Conceria Gaiera
This new deal will contribute to increasing Chanel’s control on the supply chain of leather. The French luxury brand had already made similar deals in the past
Footwear production with new record of 24.3 billion pairs
Just before the outbreak of COVID-19, the footwear industry has set a new production record. In 2019, worldwide, 24.3 billion pairs of shoes have been produced. Data is taken from the World Footwear 2020 Yearbook just released by APICCAPS
Asia accounts for more than half of global consumption
Asia’s consumption accounts for more than half of the grand total. Over the last decade Asia’s demographic and economic dynamism has been responsible for a rise of 9 percentage points in its share of world consumption
2020 Yearbook: The footwear industry was already in slowdown before the COVID-19 pandemic
2019 saw a worldwide slowdown in the footwear industry. That slowdown will certainly continue throughout 2020, given the reality of COVID-19. In 2019 footwear production and exports grew by 0.6% and 0.1%, respectively. Data are taken from the World Footwear 2020 Yearbook just released by APICCAPS, the Portuguese Footwear Association
Hermès: revenue dives by 41% in the second quarter
At the end of June, revenue for the semester was down by 24% at current exchange rates. In the second quarter revenue was down by 41%, as Hermès took the hit of the COVID-19 pandemic
Kering with double-digit drop in revenue
The luxury group announced the results for the first half of the year, marked by double digit decline in revenue. Kering named this the toughest period they ever faced
Wolverine declares quarterly dividend
The Michigan-based footwear group has announced that its Board of Directors has declared a quarterly cash dividend of 0.10 US dollars per share of common stock
Steve Madden: revenue down by 68.2%
The New-York based designer and marketer of fashion-forward footwear, accessories and apparel for women, men and children, announced financial results for the second quarter ended on the 30th of June 2020
Moda Made in Italy is cancelled
The Munich event scheduled for September has been cancelled. Assocalzaturifici said that the German market, of fundamental importance for the Italian footwear industry, will now be served by the new digital opportunities
Board appointment at Shoe Zone
The England-based footwear retailer Shoe Zone PLC announced it has appointed Peter Foot to the Board of Shoe Zone as Finance Director
Joint statement from AAFA, FDRA, NRF, RILA, and USFIA on supply chains and Xinjiang
A group of US-based footwear, apparel, retail and fashion industries associations have issued a statement regarding the issues around suspects of forced labour in parts of the supply chain
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