Retail
Richemont: quarter sales down by 47%
During the quarter under review, the group’s trading and operations were strongly impacted by Covid-19 and sales contracted significantly across all regions, channels and business areas, notwithstanding a 49% increase in China
AAFA calls for national guidance on face masks
In a letter sent to President Donald J. Trump, the American Apparel & Footwear Association (AAFA) requested that the administration institute federal face mask guidelines to assist retail stores as the country continues efforts to reopen
JD Sports Fashion: reports 3% rise in profit, but predicts uncertain footfall
The sportswear retailer says pace in stores should remain uncertain but believes to be well placed to regain its pre-pandemic momentum after reporting a 3% rise in annual profit
The Feeting Room opens new store
The Portuguese-based project has opened its third store in Foz do Porto, in the north of the country. Dedicated to the promotion and commercialization of national and independent brands, The Feeting Room is focused on Portuguese Footwear brands
Tod's: Diego della Valle denies sale and talks about recovery in China
The Chairman and CEO of the Italian premium fashion brand said he has no intention of selling the company. Diego della Valle says the brand is already seeing optimism in certain markets
Brooks Brothers files for bankruptcy
The two-century-old company filed for bankruptcy after taking the hit of the COVID-19 pandemic’s impact on clothing sales. Pandemic kept customers at home reducing the demand for suits and formal attire
Italy with a steep drop in exports and domestic sales
According to Confindustria Moda Research Centre data for ASSOCALZATURIFICI in March footwear exports declined by 33.7% in volume and by 30% in value. In the first four months of the year, domestic sales were also down roughly by 30%
Australia: retail up by 16.9% in May
According to the latest Australian Bureau of Statistics (ABS) Retail Trade figures, Australian retail turnover rose 16.9 %in May 2020, seasonally adjusted
JB Martin closes doors
JB Martin, born 99 years ago in Fougères and a historic player in the French footwear industry disappears as the brand was liquidated by the Paris Commercial Court at the beginning of June
Singapore: retail sales down by 52.1% in May
According to the Department of Statistics in Singapore, the country's retail sales fell by 52.1% in May 2020 from May 2019. This was the lowest recorded decline since 1986 when data started to be compiled
T.M. Lewin to close all UK stores
Britain-based menswear brand T.M. Lewin will close all its stores permanently. The brand will remain on the online sphere, its restructurer said on Tuesday
Shoe Zone with new Finance Director
The UK-based footwear retailer announced the appointment of Peter Foot as Finance Director, with effect from the 6th of July onwards. Mr. Foot will replace Jonathan Fearn whose resignation has been accepted with effect from the 31st of July 2020.
Retail trade in Latvia down 0.6% in May
Compared to May 2019, total retail trade turnover reduced by 0.6 % in May 2020. Turnover of retail trade in food products grew by 1.6 %. Retail sale of clothing, footwear and leather goods with one of the most significant turnover drops
US: spending gets more personal
The importance of enhancing a homebound lifestyle remains, but consumers are increasingly showing their interest in products with a more personal focus. The conclusion is from the NPD Group
Gucci rises up prices of handbags
Popular items of the brand, the Dionysus and the Zumi handbags, are now more expensive. Jefferoes International reports they now cost up to 9% more-
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