News
Zimbabwe: leather industry calls for Government support
The National Leather Working Group has asked the local Government to intervene on the duty structure for components used in the industry which are usually imported. High fees on chemicals, equipment and other manufacturing inputs are too high, they claim
India: total exports drop by 0.8%
The country's exports declined marginally by 0.8% to 26.89 billion US dollars in December 2020, due to the contraction registered in sectors like petroleum, leather and marine products, according to preliminary data released by the Ministry of Commerce and Industry
adidas: more than 60% of products will be made with sustainable materials in 2021
Ranging from football jerseys made with recycled polyester to the vegan version of the iconic Stan Smith – in 2021, for the first time, more than 60% of all adidas products will be made with sustainable materials
UK: 177 000 retail jobs lost in 2020
The Centre for Retail Research found that a total of 176 718 retail jobs were lost in 2020. The same source is predicting a loss of an additional 200 000 jobs in 2021
Italian footwear exports fall by 20%
In the first nine months of 2020 the Italian footwear industry saw a drop in production (-29.4%) and in sales (-33.1%). According to Assocalzaturifici Chair Siro Badon the timid return to normality was impacted by the second wave of the pandemic in the country
JCPenney starts search for new CEO
JC Penney’s CEO Jill Soltau is exiting the company a month after the retailer emerged from bankruptcy proceedings through a sale to Simon Property Group and Brookfield Asset Management
Mada: meet Tinder for clothing
Madison Semarjian was a college freshman when she had the idea of creating a Tinder like app for clothing. The idea was to use AI to learn her personal style and then pull together outfits from a wide range of retailers
Foot Locker appoints Himanshu Parikh as Senior Vice President Chief Information Officer
Parikh will oversee the execution of the next generation of Foot Locker's strategic technology agenda in support of the company's key strategic imperatives and future capability-building and innovation
Kohl’s and Sephora announce long-term strategic partnership
Sephora plans to open 200 shops inside Kohl's locations by next fall, and to increase it to about 850 shops by 2023. Sephora will also launch on Kohl's website next year, offering more than 100 beauty brands
Gucci joins Alibaba's luxury e-commerce site
One of the key brands of the Kering group's portfolio, will open two stores on Alibaba's online trading platform, in a move that underlines the importance of the Chinese market for luxury brands heavily affected by the coronavirus crisis
CIFF goes digital and launches new platform in January
The Danish fashion and clothing fair CIFF - Copenhagen International Fashion Fair announced that it will not hold the next edition, in February 2021, in its conventional format, and is now focusing on the launch of a new digital platform
Growing secondhand market to currently be worth 30-40 billion US dollars
According to a report by the Boston Consulting Group and Vestiaire Collective, the global secondhand market is predicted to have a compound annual growth rate (CAGR) of 15% to 20% over the next five years
Ara Portugal celebrates 46 years
This December, Ara Shoes Portugal is celebrating 46 years. Established in the country in 1974, the German group, was one of the first multinationals in the footwear sector to invest in Portugal
Foot Locker CFO Lauren B. Peters to retire in April 2021
The New York-based specialty athletic retailer announced the planned retirement of Lauren B. Peters, Foot Locker's Executive Vice President and Chief Financial Officer. Foot Locker has initiated a comprehensive search process
Amazon launches clothing customization service
The giant e-commerce player said it is taking clothing customization to an affordable level thanks to the launch of the service Made for You. For now, the service is only available in the United States
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