Shoes
JD Sports Fashion to acquire US-based DTLR
The UK-based retailer of sports, fashion and outdoor brands, announces it entered into a conditional agreement for the acquisition of 100% of DTLR Villa LLC, a US-based lifestyle retailer with roughly 250 stores in 19 states
Japan Retail: YoY November retail sales could be misleading for 2021 forecasts
Looking at the most recent Year-on-Year retail sales variation in Japan can be quite misleading for any forecast, as retail sales in October-November seem to have been scarcely affected by the new COVID-19 outburst, when compared to 2019. In the same period the price indexes also showed little or no reaction to the pandemic, as they are at the same level as one year ago. The concern comes from a consumer confidence indicator which began to fade away in December
Asos buys Topshop and other Arcadia's brands
The deal includes Topshop, Topman, Miss Selfridge and HIIT. The brands were for sale after the Arcadia group collapsed into administration by the end of 2020
Li Ning’s unit Viva China to acquire majority stake at Clarks
The Chinese gymnast-turned-businessman Li Ning is about to take control of the British shoemaker less than a month after Clarks sold a majority stake to the Hong Kong-based private equity firm LionRock Capital, of which Li is Non-Executive Chairman
Argentina: recovery is still far away
Economic activities are operating in Argentina, with some restrictions given the need to constrain the diffusion of COVID-19 in the country. The deep contraction of footwear consumption is one of the main issues for the industry, according to the Chamber of the Footwear Industry
Pakistan: decline in foreign orders, but domestic market is doing well
We spoke with the Pakistan Footwear Manufacturers Association (PFMA) to understand how the COVID-19 pandemic is impacting the footwear industry in the country. Footwear companies focused on the internal market are performing better than exporting ones
South Africa: industry impacted by slow retail sales
We spoke with Jirka Vymetal, Executive Director at SAFLIA, the Southern African Footwear & Leather Industries Association, to learn more about the current situation of the pandemic in the country and the impacts it is having on the footwear industry
France: the main problem for footwear is the drop in demand
Contrary to other European countries, currently France has not imposed a lockdown, although stores have to be closed by 6pm everywhere in the country. According to the French Footwear Federation the main problem impacting the footwear sector is the drop in demand
Italy: footwear SMEs in difficult situation
The Italian government has split the country’s regions into three zones, which determine the extent of restrictions applied in each moment. There are currently no restrictions to footwear manufacturing, but Assocalzaturifici's President says the situation is not good for SMEs
How is COVID-19 impacting the footwear industry in different countries?
With the world fast approaching 100 million cases of infected people and with vaccination now in place in several countries, we did a round of conversations with footwear associations across the world to understand what the current situation of the footwear industry is in their countries, and to learn where and in what conditions are footwear stores open
China: the industry is operating but is lacking orders
We continued with our round of conversations with the international footwear associations to learn more about the current situation of the footwear industry in different regions and countries, given the impact of COVID-19. Today we talked to CLIA in China
Malaysia: the industry is stopped
Malaysia is facing another wave of COVID-19 and is currently under Movement Control Order 2.0 since the 13th of January. This is planned to long until the 2nd of February, but might extend further
Canada: Chapter 11 is a big issue for manufacturers
We spoke with Denis Falardeau, President of the Shoe Manufacturers’ Association of Canada to learn more about the current situation in the country driven by the COVID-19 pandemic. Companies filling Chapter 11 is a big issue at the moment, according to him
Spain: third wave of the pandemic hits the country
As the country is living another wave of the pandemic, we have spoken to FICE, the Federation of Spanish Footwear Industries to learn the latest about the impacts of COVID-19 in the Spanish footwear industry
Hong Kong: business as usual for the footwear industry
The situation in Hong Kong “is very much under control”, according to William Wong, Vice President of the Hong Kong Footwear Association, who told us the latest about the impact of COVID-19 in the region-
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