Coronavirus - Covid19
Shoe Carnival with most profitable quarter ever
The US-based retailer of footwear and accessories reported record net sales and net income in the third quarter of 2021. The company has updated again its full-year outlook
Manfred Junkert: we will have a higher percentage of ecommerce in our business
Today we bring the first part of our conversation with Manfred Junkert, Managing Director of HDS/L: Federal Association of the German Footwear and Leather Goods Industry. We have discussed the impact of the COVID-19 pandemic in the footwear industry in Germany, and debated what were the main changes coming out of this crisis
UK: consumer spending increases by 14.2%
Despite the backdrop of inflation concerns and rising household bills, overall consumer card spending grew by 14.2% in October, compared to the same period in 2019. The latest update comes from Barclaycard
Pou Chen struggles with Vietnamese labour shortage
The Taiwanese manufacturer of branded sports footwear is facing a labour shortage in Vietnam, which is aggravating supply chain disruptions. Its clients include Nike, adidas and Reebok
Germany Retail: too early to claim victory on the retail performance
In recent months, the Textile Retail Index (including Clothing & Footwear) in Germany compares well to the pre-pandemic 2019 data. However, one must remember that 2019 was a terrible year for the German economy. As we write this Retail Flash, the consumer price index for footwear is following the upwards movement of prices in general and retailers are now looking on how to offset higher costs of raw materials and logistics in footwear imported from overseas. That said, it seems too early to claim victory on the retail performance in Germany
ACLE to be rescheduled to 2022
The organisers of All China Leather Exhibition 2021 have taken the decision to reschedule the event, due to be held at the Shanghai New International. ACLE will now be held from the 31st of August to the 2nd of September in 2022
Webinar: The life of COVID on leather
The webinar organised by the BFA will present the latest findings from researchers from De Montfort University and will answer questions such as How long can COVID-19 survive on shoe leather? and Is there a risk associated with cardboard shoeboxes?
Retail take-off in Spain is not clear, despite improvement in confidence
Retail Sales Index in specialized stores in Spain are still some 20 percentage points below the pre-pandemic levels, registered in 2019. Confidence seems to be improving for consumers and retailers, but importers are more cautious. Online continues with a good performance, however, the online share is not enough to push retail up. Developments in the coming months will reveal the way for retail in Spain
Leather industry in Bangladesh continues the growth path
In the first three months of the new fiscal year, the leather industry in Bangladesh has reported growing exports in its categories. Other footwear (non-leather) with declining exports
France Retail: consumers confidence and footwear retail back to pre-pandemic levels
The increase in French footwear imports from May onwards reflects the reaction of importers following the COVID-19 wave earlier in the year. In the third quarter of the current year, consumers’ confidence and footwear retail figures have shown a return to the pre-pandemic levels. In this scenario, the expectation is that footwear sales could accelerate soon, even before the year ends
LAST CHANCE to join the World Footwear Business Conditions Survey
The WorldFootwear.com is asking all experts within the footwear industry to share their views about the current business situation and assess the main impacts of COVID-19. Collection of answers is open until tomorrow
Hermès reports strong growth
In the third quarter of 2021, the group’s consolidated revenue totalled 2.37 billion euros driven by an upturn in sales in Europe, an acceleration in America and a sustained dynamic in Asia
VF and WaterAid partner to vaccinate Cambodians
As citizens in Cambodia are battling the pandemic, food shortages and loss of income, the US-based group, owner of brand Vans and Timberland, is helping with the vaccination process
Vietnam: industry faces contractual penalties and order cancellations
Several Vietnamese apparel and footwear companies have incurred contractual penalties for delivery delays this year, while facing unexpected order cancellations for 2022
UK Retail: COVID-19 might be alleviating but there is still no sunrise for Retail
As vaccination levels increase and the restrictive measures are lifted the UK retail industry could be on the expectation that solid improvement would be on the way. However, Consumer Confidence has been fading away since July, and Textile, Clothing & Footwear store sales have been on a slide in the last few months. With the supply chain issues impacting the footwear industry and the lorries shortage, this could be a perfect storm for more bad news-
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