Coronavirus - Covid19
How is COVID-19 impacting the footwear industry in different countries?
With the world fast approaching 100 million cases of infected people and with vaccination now in place in several countries, we did a round of conversations with footwear associations across the world to understand what the current situation of the footwear industry is in their countries, and to learn where and in what conditions are footwear stores open
Lefaso: no disruption of footwear production in Vietnam
The impacts of the pandemic were felt in 2020, firstly with the disruption of material supply chains and then with the cancelation of orders from the US and EU, which result in a drop in exports of 20%. Now, according to the local footwear association the situation is under control
China: the industry is operating but is lacking orders
We continued with our round of conversations with the international footwear associations to learn more about the current situation of the footwear industry in different regions and countries, given the impact of COVID-19. Today we talked to CLIA in China
Malaysia: the industry is stopped
Malaysia is facing another wave of COVID-19 and is currently under Movement Control Order 2.0 since the 13th of January. This is planned to long until the 2nd of February, but might extend further
Canada: Chapter 11 is a big issue for manufacturers
We spoke with Denis Falardeau, President of the Shoe Manufacturers’ Association of Canada to learn more about the current situation in the country driven by the COVID-19 pandemic. Companies filling Chapter 11 is a big issue at the moment, according to him
Spain: third wave of the pandemic hits the country
As the country is living another wave of the pandemic, we have spoken to FICE, the Federation of Spanish Footwear Industries to learn the latest about the impacts of COVID-19 in the Spanish footwear industry
Hong Kong: business as usual for the footwear industry
The situation in Hong Kong “is very much under control”, according to William Wong, Vice President of the Hong Kong Footwear Association, who told us the latest about the impact of COVID-19 in the region
JD Sports raises profit forecast
Despite having to deal with many temporary store closures across several territories, JD Sports registered robust demand throughout the second half, including in the months of November and December
UK Retail: footfall down over by 40% in 2020
According to the British Retail Consortium a hard year ends a with footfall decline of 43%. Year on year UK Footfall decreased by 46.1% in December. The restrictions to contain the spread of COVID-19 are largely on the origin of such numbers
Portugal: retail closes, manufacturing is functioning as usual
The country is living in another State of Emergency, at least until the 30th of January. Industry, distribution and schools remain open and functioning as usual. Non-essential retail is once again closed
G-III enters the race to buy Arcadia
The New York-based group G-III Apparel is said to have entered the race to acquire Arcadia and to be among the top four candidates (Next, Boohoo and American-based Authentic Brands). However, G-III has not yet publicly confirmed
London Fashion Week will be digital and with no audience
The event will run from the 19th to the 23rd February 2021, with both womenswear and menswear designers to take part in a gender-neutral showcase. London Fashion Week February 2021 will be a digital event, taking into account the most recent government restrictions in England
Paris cancels physical shows for January fashion weeks
The two fashion weeks planned for this month in Paris - men's ready-to-wear and haute couture - will not have physical shows, as the French authorities decided to maintain the ban on the presence of an audience at events
FIMEC postponed to May 2021
The Brazil-held FIMEC - International Fair of Leather, Chemical Products, Components, Machines and Equipment for Footwear and Tanneries postponed the date of its next edition to May (4th-6th). The event will be physical
2020 should be Crocs' best year
The brand of casual footwear for women, men, and children, known by its clogs, raised its 2020 revenue guidance and expects accelerated full year 2021 revenue growth of 20% to 25%-
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