News
H&M reports profit
Sweden-based fashion brand Hennes & Mauritz AB announced profit for the second quarter around 3.6 billion Swedish Krona (422 million US dollars), growing by 10 billion Swedish krona (1.2 billion US dollars) from the previous period
Slovakia: economic sentiment increases in June
According to Bratislava-based Slovak Statistical Office (SÚSR) the country’s economic sentiment increased in June, after a partial deterioration last month, was slightly more optimistic than a month ago
Gap closes its stores in the UK and Ireland
The American fashion group, owner of tags such as Gap, Banana Republic, Old Navy, Athleta, decided it would no longer have a physical presence in the UK and Ireland. In France and Italy, it has identified local partners who may continue to operate the brand
Intersport sells The Athlete’s Foot to Arklyz Group
Intersport International Corporation (IIC) agreed on a deal to sell 100 percent of The Athlete’s Foot retail & e-commerce network to Arklyz Group AG, owner of Intersocks
Spain Retail: are consumers curing their entrenched pessimism?
As the new pandemic wave seems to be fading away in Spain, indicators are improving. In the last two months with data available (March and April) Footwear Imports and the Textile, Clothing and Footwear (TCF) Retail Index performed much better than in 2020. Adding to list of good news is the consumers and retailers' confidence at their maximum scores since March 2020. With the online retail being at its maximum as well, the question now is whether omnichannel strategies from physical operators will be strong enough?
Ferragamo with 10% growth in sales
As of the 31st of March 2021, the Salvatore Ferragamo Group reported total revenue of 245 million euros, up by 10.3% at current exchange rates (+13.0% at constant exchange rates), which compares with 222 million euros recorded in the first quarter of 2020
Dr. Martens closes the year growing
The iconic footwear brand Dr Martens sold 12.1 million pairs of shoes in the 12 months ending on the 21st of March 2021, an increase in volume of 14.4% compared to the previous business year
India’s leather industry with two digits decline in the last fiscal year
The leather industry in India is closing the fiscal year* with a decline of 27.39% in exports. All segments, with the exception of Saddlery and Harness, posted two digits drops, loosing almost a third of its value
Richemont acquires Delvaux
The Switzerland-based luxury goods holding company announced it has acquired 100% of Delvaux, the renowned Belgian luxury leather goods Maison, in a private transaction
Cubanas creates slippers using coconut fibres
Feel the Nature is the name of the new line launched by the Portuguese-based footwear brand, which has 20 models in the most varied colours, made from coconut fibres and with a vanilla aroma
Israel bans sale of fur in the fashion industry
Israel has announced that it has banned the sale of fur in the fashion industry, promoted by Environmental Protection Minister Gila Gamliel. The decision will go into effect in six months, making Israel the first country to prohibit the usage of this material in the fashion industry
Lineapelle returns to physical format
In September, Milan will once again be the gathering location of the footwear industry. From the 22nd to the 24th of September, with the dates close to the Micam edition, Fiera Milano receives Lineapelle
Micam to be held in person once again
The International Footwear Exhibition is coming up with new in person dates from the 19th to the 21st of September, at Fiera Milano Rho, in Milan (Italy)
Vivarte is selling Minelli
Vivarte has entered exclusive talks to sell its footwear and accessories brand Minelli to the businessmen Stéphane Collaert and Laurent Portella, the managers of footwear brand San Marina
Croatia retail sales jump in May
Croatia's retail sales volume grew by an annual 16.5% in real terms in May, after rising by 34.4% in April, the Croatian Bureau of Statistics (Crostat) confirmed, quoting working-day adjusted figures
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