News
Crocs announces new European Distribution Centre
Crocs announced that construction of its largest distribution centre in Europe has started. The facility will be located in Dordrecht, in the Netherlands
Germany: VAT cut to stimulate consumption
The value-added tax (VAT) rate on non-food products is being reduced from 19% to 16%, starting from the 1st of July. The measure should be in place for the rest of the year and aims to give a boost to consumption and the economy
Online sales deliver more than 40% of Wolverine’s revenue
The Michigan-based company said owned e-commerce grew by more than 90% in the first nine weeks of the second quarter of fiscal 2020, delivering more than 40% of Wolverine's revenue, a better-than-expected performance
Trends of the industry as retail re-opens: Comfort at home
The World Footwear brings you a new Guidebook with Business Tips and Health and Safety Recommendations for Brand Managers and Retailers. Today we will talk about Comfort at Home
Portuguese Footwear Cluster: meet the components industry
They live ahead of their time, anticipating market trends, studying market behaviours, and searching to learn the consumers’ latest interests. This is the rhythm of the entrepreneurs within the components and tannery industries in Portugal
Italy: Council of Ministers approves decree protecting the term leather
The new law not only establishes a more correct terminology: it also establishes a ban on the use of the terms pelle/cuoio (leather) to identify materials which do not have an animal origin
Mulberry to reduce 25% of global workforce
The British-based luxury brand is planning to cut 25% of its global workforce to reduce costs as sales take the hit of the coronavirus pandemic, The Guardian is reporting
LVMH will not renegotiate the Tiffany's deal for now
The French luxury goods giant is not expecting to renegotiate the 16.2 billion US dollars acquisition deal of US-based jewellery chain Tiffany & Co after deliberations on the matter, Reuters is reporting
Timberland & Savory Institute partner to build regenerative leather supply chain
Next Fall Timberland will launch a collection of boots made with leather from verified regenerative ranches sourced through Savory's Minnesota Hub, Thousand Hills Lifetime Grazed
Pitti postponed to 2021
All Pitti Immagine events, including menswear trade show Pitti Uomo, had already been rescheduled from June to early September. Now they are moved to 2021 and all energies will be concentrated on the Pitti Connect digital platform
Caleres with loss of 345.8 million dollars
The US-based retailer presented first quarter results for the period ended on the 2nd of May, with net sales declining by 42%. Caleres had a loss of 345.8 million dollars in the period
Brazil: Covid-19 pandemic shrinks footwear exports
The Brazilian Footwear Industries Association (Abicalçados) believes the COVID-19 pandemic played an essential role in the decline registered in footwear exports during the first four months of the year
VF’s CEO sends memo to employees comparing racism to virus
In a letter sent to all employees entitled “Racism is another virus to eradicate” VF Chairman, President and CEO Steve Rendle compared racism to the coronavirus pandemic
adidas: business in China returns to growth
In Greater China, adidas' first major market on the road to recovery, all stores have been open since mid-April. While store traffic remained below the prior year level in May, sales returned to growth
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