News
Pentland is cutting jobs and focusing on core brands
The London-headquartered group is the latest fashion and footwear name to implement job cuts amid the coronavirus pandemic- Pentland is preparing a restructure of its strategy
Brooks Brothers files for bankruptcy
The two-century-old company filed for bankruptcy after taking the hit of the COVID-19 pandemic’s impact on clothing sales. Pandemic kept customers at home reducing the demand for suits and formal attire
Brazil: footwear exports increased in June compared to May
After four consecutive months of decline, footwear exports from Brazil increased in June compared to the previous month, in both volume and value. When compared to similar period last year, the decline rate in pairs and revenue was above 40%
Sperry names new VP Design & Development
Sean McDowell was named the new Vice President of Design and Product Development of Sperry, a division of Wolverine. In this role, he will focus on driving product innovation for the brand
Italy with a steep drop in exports and domestic sales
According to Confindustria Moda Research Centre data for ASSOCALZATURIFICI in March footwear exports declined by 33.7% in volume and by 30% in value. In the first four months of the year, domestic sales were also down roughly by 30%
Vietnam's footwear exports down by 6.7%
According to Xinhua, citing the Ministry of Industry and Trade, in the period run from January 2020 to June 2020 Vietnam registered 8.1 billion US dollars of footwear exports revenue, resulting in a decline of 6.7% year-on-year
Australia: retail up by 16.9% in May
According to the latest Australian Bureau of Statistics (ABS) Retail Trade figures, Australian retail turnover rose 16.9 %in May 2020, seasonally adjusted
New Generation: meet Flávio Ferreira
Flávio Ferreira has a background in Mechanical Engineering and works at Bolflex since 2015, but this being the family business he has been close to the growth and development of the company since a young age
JB Martin closes doors
JB Martin, born 99 years ago in Fougères and a historic player in the French footwear industry disappears as the brand was liquidated by the Paris Commercial Court at the beginning of June
Leather industry in Pakistan asks for double shifts
The Pakistan Leather Garments Manufacturers & Exporters Association (PLGMEA) has urged the government to exempt export-oriented units in Punjab from lockdown restrictions on Saturdays besides allowing them to work in double shifts
Capri with 70% plunge in first quarter sales
During the first quarter Capri' stores were closed roughly 55% of the period. Given the significant store closures, the gradual recovery in revenue and low wholesale shipments, first quarter fiscal revenue should decline by 70%
Singapore: retail sales down by 52.1% in May
According to the Department of Statistics in Singapore, the country's retail sales fell by 52.1% in May 2020 from May 2019. This was the lowest recorded decline since 1986 when data started to be compiled
Kering announces new additions to the Board of Directors and publishes Biodiversity Strategy
Kering’s shareholders have approved the appointment of Ms. Jean Liu, Mr. Tidjane Thiam and Ms. Emma Watson as Directors during their Annual General Meeting. The luxury group also published its biodiversity strategy and announces its targets
T.M. Lewin to close all UK stores
Britain-based menswear brand T.M. Lewin will close all its stores permanently. The brand will remain on the online sphere, its restructurer said on Tuesday
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