Companies
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
Slovakia: economic sentiment increases in June
According to Bratislava-based Slovak Statistical Office (SÚSR) the country’s economic sentiment increased in June, after a partial deterioration last month, was slightly more optimistic than a month ago
Gap closes its stores in the UK and Ireland
The American fashion group, owner of tags such as Gap, Banana Republic, Old Navy, Athleta, decided it would no longer have a physical presence in the UK and Ireland. In France and Italy, it has identified local partners who may continue to operate the brand
Intersport sells The Athlete’s Foot to Arklyz Group
Intersport International Corporation (IIC) agreed on a deal to sell 100 percent of The Athlete’s Foot retail & e-commerce network to Arklyz Group AG, owner of Intersocks
Spain Retail: are consumers curing their entrenched pessimism?
As the new pandemic wave seems to be fading away in Spain, indicators are improving. In the last two months with data available (March and April) Footwear Imports and the Textile, Clothing and Footwear (TCF) Retail Index performed much better than in 2020. Adding to list of good news is the consumers and retailers' confidence at their maximum scores since March 2020. With the online retail being at its maximum as well, the question now is whether omnichannel strategies from physical operators will be strong enough?
Ferragamo with 10% growth in sales
As of the 31st of March 2021, the Salvatore Ferragamo Group reported total revenue of 245 million euros, up by 10.3% at current exchange rates (+13.0% at constant exchange rates), which compares with 222 million euros recorded in the first quarter of 2020
Dr. Martens closes the year growing
The iconic footwear brand Dr Martens sold 12.1 million pairs of shoes in the 12 months ending on the 21st of March 2021, an increase in volume of 14.4% compared to the previous business year-
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