News
Business on the market is picking up again
This is how Ulrike Kähler, Managing Director of Igedo Company and Gallery Project Director, opened the preview of the upcoming Gallery SHOES & Fashion, taking place from the 29th to the 31st of August 2021 at the Areal Böhler in Düsseldorf
Première Vision New York returns to physical events in July
The fashion fair returns at the end of July, in physical format, when it will receive 67 international and national companies, in what will be its first on-site event since the beginning of the COVID-19 pandemic
Administrators appointed to liquidate Arcadia Group
Auditing firm Mazars has been appointed as liquidator to oversee the process. They will focus on what remains of Sir Philip Green’s collapsed Arcadia Group empire
Peru: footwear exports recover
The latest statistics from the Chamber of Commerce of Lima reveal that Peruvian exports of footwear, between January and April 2021, amounted to 6.5 million US dollars, representing growth of 30.6% to similar period of 2020
Pou Chen suspends production at Vietnam plant
One of Nike and Adidas most well-known suppliers of footwear, suspended operations at its plant in Ho Chi Minh City on Wednesday as a strong wave of COVID-19 hits the city
Volume of Brazilian footwear exports reaches 2019 levels
After a year of decline due to the impacts of the COVID-19 pandemic, the Brazilian footwear sector presents signs of a significant recovery in footwear exports in the first half of 2021
UK retail sales jump 13.1%
According to the latest release by the British Retail Consortium, in the five weeks running from the 30th of May to the 3rd of July, sales increased by 13.1%
New study points out the potential of the Nigerian leather industry
The African country leather industry can generate over 1 billion US dollars in revenue by 2025, according to a study by the Nigerian Economic Summit Group (NESG)
Germany Retail: Better confidence with cautious retailers
The confidence background for retail in Germany is getting better, being the improvement noticeable for both consumers and retailers. Notwithstanding, the seasonally adjusted Textile, Clothing and Footwear (TCF) Retail Index has been rather volatile since December, with new decline registered in April, closing about the same 40 percentage points (pp) below the baseline as one year before. Online retail seems to be a winner, once again, and a recent study by McKinsey confirms that the online purchase during COVID-19 for footwear was 61% with a positive net intent of +26 pp to continue to do so after the pandemic
JD Sports announces directorship change
The UK-based company has announced that Martin Davies, Senior Independent Non-Executive Director has informed the Board of his intention to step down from the Board and as Chair of the Audit Committee with immediate effect
Growth in Romanian retail sales slows down
According to figures from the Bucharest-based National Institute of Statistics (INS) Romania retail sales grew at a softer pace in the month of May
Capri raises fiscal 2022 guidance
The global fashion luxury group is raising its guidance for Fiscal 2022 revenue and adjusted earnings per share. This information and a broader view of Capri's vision, growth strategies and long-term outlook, was shared at the Company's Virtual Investor Day
Sustainable Leather Forum programme announced
The speaker's programme for the third edition of the forum, which aims to discuss the best practices in the French Leather Industry in terms of Corporate Social Responsibility on a social, environmental, and an economic level
Nordstrom acquires minority stake in Asos brands
Asos has formed a joint-venture with US-based multi-channel retailer Nordstrom, which will invest for a minority interest in the Topshop, Topman, Miss Selfridge and HIIT brands
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