Companies
Pou Chen suspends production at Vietnam plant
One of Nike and Adidas most well-known suppliers of footwear, suspended operations at its plant in Ho Chi Minh City on Wednesday as a strong wave of COVID-19 hits the city
UK retail sales jump 13.1%
According to the latest release by the British Retail Consortium, in the five weeks running from the 30th of May to the 3rd of July, sales increased by 13.1%
Volume of Brazilian footwear exports reaches 2019 levels
After a year of decline due to the impacts of the COVID-19 pandemic, the Brazilian footwear sector presents signs of a significant recovery in footwear exports in the first half of 2021
New study points out the potential of the Nigerian leather industry
The African country leather industry can generate over 1 billion US dollars in revenue by 2025, according to a study by the Nigerian Economic Summit Group (NESG)
Germany Retail: Better confidence with cautious retailers
The confidence background for retail in Germany is getting better, being the improvement noticeable for both consumers and retailers. Notwithstanding, the seasonally adjusted Textile, Clothing and Footwear (TCF) Retail Index has been rather volatile since December, with new decline registered in April, closing about the same 40 percentage points (pp) below the baseline as one year before. Online retail seems to be a winner, once again, and a recent study by McKinsey confirms that the online purchase during COVID-19 for footwear was 61% with a positive net intent of +26 pp to continue to do so after the pandemic
JD Sports announces directorship change
The UK-based company has announced that Martin Davies, Senior Independent Non-Executive Director has informed the Board of his intention to step down from the Board and as Chair of the Audit Committee with immediate effect
Capri raises fiscal 2022 guidance
The global fashion luxury group is raising its guidance for Fiscal 2022 revenue and adjusted earnings per share. This information and a broader view of Capri's vision, growth strategies and long-term outlook, was shared at the Company's Virtual Investor Day
Nordstrom acquires minority stake in Asos brands
Asos has formed a joint-venture with US-based multi-channel retailer Nordstrom, which will invest for a minority interest in the Topshop, Topman, Miss Selfridge and HIIT brands
Sustainable Leather Forum programme announced
The speaker's programme for the third edition of the forum, which aims to discuss the best practices in the French Leather Industry in terms of Corporate Social Responsibility on a social, environmental, and an economic level
LVMH appoints Vanessa Moungar Director of Diversity and Inclusion
Continuing on its strategy to reaffirm its interest in diversity and inclusion, the French luxury group has just recruited a director of “Diversity and Inclusion”, the Franco-Chadian Vanessa Moungar, known for her commitment to social justice in the world
Assomac confirms Simac Tanning Tech physical exhibition
Simac Tanning Tech is an international exhibition for Footwear, Tanning and Leather manufactures’ technology. It will be held from 22nd to 24th September 2021, in Rho Fiera Milano pavilion, together with Lineapelle, Micam and Mipel events
Luís Onofre re-elected President of the European Footwear Confederation
The Portuguese entrepreneur, who is President of APICCAPS - Portuguese Footwear, Components, Leather Goods Manufacturers’ Association, was re-elected for a second term as CEC's President
Australia: retail records steady rise
According to the Australian Bureau of Statistics, retail sales in the country in May were up by 0.4%. This updates the 0.1% rise from the Preliminary Retail Trade release and represents an increase of 7.7% compared with May 2020
H&M reports profit
Sweden-based fashion brand Hennes & Mauritz AB announced profit for the second quarter around 3.6 billion Swedish Krona (422 million US dollars), growing by 10 billion Swedish krona (1.2 billion US dollars) from the previous period-
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