World Footwear

News

Prada: improvement in retail sales in the second half of 2020

May 6, 2021 / Italy
The luxury group has reported progressive improvement in retail sales fuelled by growth in local consumption in the second half of 2020 (all geographies). December Retail trend were above 2019 level, despite a second wave of lockdown, particularly in Europe. Prada also noted a sharp acceleration in online sales

Kristin Harrer is Vans new Global Chief Marketing Officer

May 5, 2021 / United States
As CMO, Kristin Harrer will lead the company’s global marketing and creative teams as Vans continues its brand purpose of empowering creative self-expression in youth culture across action sports, art, music and street culture. The words are from the brand

Zalando launches pre-owned in 7 new markets

May 5, 2021 / Germany
After the launch in October 2020 in six European countries, the ecommerce giant has now fuelled the internationalization process of its “Pre-owned” business, by making it available in seven new markets

Pakistan footwear exports with decline of 5.15%

May 5, 2021 / Pakistan
During the first nine months of the current fiscal year, Pakistan exported 13.29 million pairs of footwear, resulting in exports revenue of 98.98 million US dollars. This translates in an increase of 14.97% in volume and a decline of 5.15% in value

Germany Retail: After some successful months, retail took a massive hit by the end of 2020

After the initial hit back in the first months of 2020, the impact of the pandemic in German retail sales seemed to be manageable for most of the year. However, in the last two months of 2020 the plot of the story changed, and with strength. As in other geographies, the bad news for the offline channels has been accompanied by good news for the online. Will this be enough? Most people believe it will not. The good news seems to come from the confidence indicators: consumer pessimism seems to be fading away. And retailers seem to follow. Will confidence beat COVID-19?

Guillaume Motte appointed Deputy CEO of LVMH

May 4, 2021 / France
LVMH is strengthening the management of its Fashion Group division, which gathers brands such as Celine, Givenchy, Loewe, Emilio Pucci, Kenzo, Marc Jacobs and Patou. Executive Director Sidney Toledano will now have the support of Guillaume Motte

Supermarket chain Asda to start selling second-hand clothes

May 4, 2021 / United Kingdom
George at Asda has announced it will be launching a new second-hand vintage fashion range in its stores, giving a new lease of life to pre-worn garments

Steve Madden: revenue up by 0.5%

May 3, 2021 / United States
The New York-based designer and marketer of fashion-forward footwear, accessories and apparel for women, men and children, announced financial results for the first quarter ended on the 31st of March 2021. Revenue increased by 0.5%

The Netherlands: retail turnover up by 6%

May 3, 2021 / Netherlands
According to the Statistics Netherlands (CBS), the Dutch retail sector recorded 5.9% year-on-year turnover growth in March 2021. Turnover in the non-food sector was up slightly, while the food sector suffered turnover losses

The return of the fashion weeks and Pitti Uomo

May 3, 2021 / Italy
Following the decision of the Italian government to authorize international events and fashion shows in physical format, the Italian fashion authorities confirmed their upcoming editions. London, Milan and Paris fashion weeks return in June, as does the physical edition of Pitti Uomo

Stella: shipment volume and revenue improve from low base in 2020

Apr 30, 2021 / China
In a business update provided to the market, Stella confirmed the Group’s unaudited consolidated revenue increased by 15.3% to approximately 303.4 million US dollar, compared to approximately 263.2 million US dollar for the corresponding period in 2020

VF is selling the occupational portion of its work segment

Apr 30, 2021 / United States
A global player of branded lifestyle apparel, footwear and accessories, VF Corporation, announced that it has entered into a definitive agreement to sell the occupational portion of its work segment to a subsidiary of Redwood Capital Investments, LLC, an holding company

Allbirds exploring IPO

Apr 30, 2021 / United States
The San Francisco-based casual footwear and sneaker maker, is in the process of interviewing banks in preparation for an initial public offering (IPO)

Tapestry appoints Scott A. Roe CFO and Head of Strategy

Apr 30, 2021 / United States
The New York-based house of modern luxury accessories and lifestyle brands, announced Scott A. Roe will be the new CFO, effective from the 1st of June 2021 onwards. Mr. Roe will have responsibility for all finance functions as well as leading the Company’s Strategy and Consumer Insights teams

Nona Source: online resale platform for materials from LVMH Fashion & Leather Goods Maisons

Apr 29, 2021 / France
The French multinational corporation and conglomerate specializing in luxury goods has announced the launch of Nona Source, the first online resale platform for “re-sourcing” materials from the Group’s Fashion & Leather Goods Maisons
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