News
Richemont: profits rise despite falling sales
Despite a still uncertain economic scenario, luxury giant Richemont managed to register net profit rising by almost 40% in the fiscal year ending at the end of March 2021
Shoe Carnival announces two-for-one stock split
The US-based retailer of footwear and accessories announced that its Board of Directors has authorized a two-for-one stock split of the company's common stock
UK Retail: Anticipating a new Retail Normalcy
With the seasonally adjusted TCF (Textile, Clothing & Footwear) Retail Sales Index successfully resuming the 2018 baseline, a new Retail Normalcy is anticipated. Importers, on their side, have well sensed since February that retail was about to reignite, as depicted by the increase in the monthly footwear imports. As the vaccination process evolves favourably in the UK, Consumer Confidence in the country seems to be unstoppable
Gucci is in the race for new materials
The Italian-based fashion brand is launching vegan versions of its New Ace and Rhyton sneakers made with an innovative raw material, alternative to leather. The material, called Demetra in reference to the Greek goddess of agriculture, is vegan and largely plant-based
Yue Yuen: revenue increases by 26.6%
Revenue in the first three months of 2021 increased 26.6% to 2.49 billion, compared to the corresponding period of last year. Profit was 85.4 million US dollars, compared with a loss of 56.3 million US dollars attributable in the same period of last year
Slovakia: decline in new industry orders
According to the latest data issued by the Slovak Statistical Office (SÚSR), new orders in industry decreased by 2% in April 2021 compared to March 2021
Hengst Footwear names Roelof de Leeuw CEO
Back in May, Roelof de Leeuw became the new CEO of Hengst Footwear B.V., one of the oldest footwear companies in the Netherlands dating back to 1901. In its 120 year history, the Hengst family have always been at the wheel of the company
Get to know the SciLED project
SciLED is about Footwear in the 21st century: new skills for the design of drastically improved comfort, sustainable, fashion-oriented and scientifically-led products, while promoting collaboration towards innovation and technological transfer among universities, companies and research centres
Portugal accelerates in the foreign markets
Portuguese footwear exports soar in April as the industry continues its path of recovery and is already on positive ground. In April, exports grew by 121% when compared to the same month of the previous year
Czech Republic retail sales increase
Retail sales in the Czech Republic rose by 7.5% year-on-year in April, easing from an upwardly revised 9.2% increase in the previous month, the Prague-based Central Statistical Office (CZSO) said in a statement
Portuguese footwear industry focus on own brands
The investment in own brands is a major focus for the Portuguese footwear industry. According to data from the Industrial Property Support Office (GAPI) of the Portuguese Footwear Technological Centre, 272 new footwear brands have been created in Portugal since 2010
US: Apparel and Footwear Industry welcomes suspension of retaliatory tariffs
The American Apparel & Footwear Association (AAFA) welcomed the announcement by the US Trade Representative (USTR) to end a dispute over aircraft subsidies, effectively suspending retaliatory tariffs on clothes, shoes, and fashion accessories imposed by the US and the EU
Growing retail sales in Bulgaria
According to working-day adjusted data published by the National Statistical Institute (NSI), Bulgaria's retail sales at constant prices increased by 25.9% on the year in April
Pandemic’s impact on imports is alleviating
According to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates, imports at the nation’s largest retail container ports saw their busiest April on record
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