Coronavirus - Covid19
COVID-19 to lead to a 22.2% decline in footwear consumption in 2020
The World Footwear' experts panel, gathering specialists from all over the world, is foreseeing a drop in global footwear consumption of 22.2% in the current year, a figure in line with the previous edition forecast (22.5%)
Capri reports revenue and earnings above expectations
The global fashion luxury group announced its financial results for the second quarter of fiscal 2021. John D. Idol, the Company’s Chairman and Chief Executive Officer, said revenue and earnings surpass the company's expectations
Europeans have around 773 euros less in 2020 due to COVID-19
The Germany-based market research company GfK has announced the results of the newly released study “GfK Purchasing Power Europe 2020”. This year, the study also includes the Corona Impact Index, which illustrates the impact of COVID-19 on European countries
UK: Calls on customers to start Christmas shopping earlier
The British Retail Consortium (BRC) launched a new national advertising campaign calling on the public to start their Christmas shopping earlier to help spread demand during what is traditionally the busiest shopping time of the year
Next Riva live talk is focusing on the 2022 fashion market
“The 2022 fashion market, shifts & strategies”: a reflection on the fashion market for the last of the #playfashion live talks
Retail trade turnover in Latvia grows in September
Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) show that in September 2020 total retail trade turnover rose by 5.9% (compared to similar period in 2019)
The countdown for the Safety Footwear Revolution Week is on
From the 23rd to the 26th of November 2020 a fully digital and virtual conference is being organised by AMF SAFETY SHOES, TOWORKFOR, and ALOFT with an aim to discuss and reflect on 4 main revolutions impacting the Footwear Manufacturing sector
Premium Group cancels Berlin trade shows in January
Premium, Seek and Fashiontech will not take place in January. The Premium Group wants to focus on Frankfurt Fashion Week scheduled for July, as announced in a statement by Managing Partner Anita Tillmann
Puma’s sales and profitability rebound in the third quarter
The sales of the Germany-based sportswear giant rebounded in the third quarter of 2020 and increased by 13.3%. Notwithstanding, Puma remains cautious for the fourth quarter given the evolution of the COVID-19 pandemic
Footwear sales in the US expected to stabilize and bounce back slightly in 2021
The forecast is from the NPD Group, which estimates that fourth quarter sales are positioned to significantly improve over year-to-date trends
Skechers announces third quarter results
The California-based footwear company reported sales of 1.30 billion US dollars in the third quarter of the year, a 3.9% decrease year-over-year, but a 78.3% increase from the second quarter of 2020
Free shipping will make a difference this holiday
According to NPD's insights, free shipping was identified, for the first time, as the number one factor influencing where consumers decide to shop this holiday in the US. A finding in line with consumers increasing use of online shopping due to the COVID-19 pandemic
Brazil expects 1.2 million US dollars from digital networking meetings
According to Abicalçados the digital business networking meetings held by 20 Brazilian footwear brands with buyers from Latin America between the 24th of August and the 25th of September will likely generate 1.2 million US dollars in businesses
Kurt Geiger plans 500 job cuts as UK's intends to end tax-free shopping
The luxury footwear and accessories retailer plans to cut 500 jobs, a quarter of its workforce, early next year after the British government announced that it plans to abolish tax-free shopping by the end of the current year
Footwear stores hit hard in Moscow and St. Petersburg
Shoe Intelligence, based on estimations by Moscow-based think tank Evotor, is reporting a 17% plunge in sales of independent footwear stores in Russia in September. Decline is more severe in Moscow and St. Petersburg-
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