World Footwear

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Inditex invests 130 million euros in new headquarters for Zara

Mar 12, 2021 / Spain
The Spanish-based fashion group will inaugurate a new building at its headquarters in Arteixo (A Coruña). The new facilities will be home to the Zara.com studios and to Zara Man’s central design office, after a 130 million euros investment

adidas expects strong 2021 recovery as growth returned in fourth quarter of 2020

Mar 11, 2021 / Germany
The Germany-based sportswear giant announced it returned to slight growth at constant currencies in the last quarter of 2020, supported by e-commerce and retail sales. adidas is expecting strong pick up in 2021

April edition of Futurmoda cancelled

Mar 11, 2021 / Spain
Spanish-based Futurmoda has decided to cancel its 45th edition. Futurmoda is the International Fair of Leather, Components and Machinery for Footwear and Leather Goods

Italy with sharp fall in turnover, production and exports in 2020

Mar 11, 2021 / Italy
The COVID-19 pandemic has hit the Italian footwear industry hard, with double-digit reductions across all the main variables, according to Assocalzaturifici, the Italian Footwear Manufacturers' Association

MICAMX and MICAM Milano Digital kick off

Mar 10, 2021 / Italy
From the 8th of March up to the 8th of May, the MICAM Milano Digital Show will be open for business. The show presents new products for Autumn/Winter 21/22 and the in-season Spring/Summer 2021 collections with the registered buyers meeting more than 100 brands

Dick's Sporting Goods: closes 2020 with 9.5% increase in net sales

Mar 10, 2021 / United States
The Pittsburgh-based sportswear retailer announced fiscal 2020 results. The year was marked by a 9.5% increase in sales, despite the challenges of the COVID-19 pandemic

Inditex: sales down by 28% in 2020

Mar 10, 2021 / Spain
The Spanish-based retail group Inditex also generated profit of 1.1 billion euros in its 2020 financial year, with the figures attributed to a leap in online sales and strong customer engagement

Vestiaire Collective: financing round backed by Kering and Tiger Global Management

Mar 10, 2021 / France
The second-hand fashion platform announced the completion of a new 178 million euros financing round, backed by global French luxury group Kering and US investment firm Tiger Global Management

Retail sales down by 1.8% in Hungary

Mar 9, 2021 / Hungary
In the first month of 2021, the volume of retail sales decreased by 2.6% according to raw data and by 1.8% when adjusted for calendar effects compared to the same period of the previous year, according to data by the Hungarian Central Statistical Office (KSH)

Nordstrom sales drop by 20%

Mar 9, 2021 / United States
The Seattle-based luxury department store has announced results for the fourth quarter and fiscal year ended on the 30th of January 2021. Annual sales were down by 20%. Digital sales reached 2 billion US dollars and represented 54% of the business

Christian Louboutin sells 24% stake to Ferrari owner

Mar 9, 2021 / France
Holding company Exor and Christian Louboutin announced a partnership whereby Exor will invest 541 million euros to become a 24% shareholder in Christian Louboutin, alongside the founders and will nominate 2 of the 7 members of the Company’s Board of Directors

UK: consumer spending falls by 13.8%

Mar 9, 2021 / United Kingdom
Figures refer to the month of February as lockdown continued. Spending on essential items grew by 5.3% year-on-year as online grocery shopping surged and on non-essentials dropped by 22.1% with much of the high-street remained closed

Join the new edition of the World Footwear Business Conditions Survey

The WorldFootwear.com is asking all experts within the footwear industry to share their views about the current business situation and assess the main impacts of COVID-19. We also want your opinions on the post-pandemic issues. Join today! We want to hear you

Foot Locker names Melody Ehsani Creative Director of women's business

Mar 8, 2021 / United States
The sportswear retailer has announced Melody Ehsani as Creative Director of their women's business. The designer is set to debut custom women-centric capsule collections, as Foot Locker aims to be a leader in the streetwear world

CHIC Shanghai to start on the 17th of March

Mar 8, 2021 / China
Due to new regulations to control the infection rate the fair will take place from the 17th to the 19th of March 2021. Originally, the fair was annnounced to take place from the 10th to the 12th of March
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