World Footwear

Footwear

Inditex: sales down by 28% in 2020

Mar 10, 2021 / Spain
The Spanish-based retail group Inditex also generated profit of 1.1 billion euros in its 2020 financial year, with the figures attributed to a leap in online sales and strong customer engagement

Vestiaire Collective: financing round backed by Kering and Tiger Global Management

Mar 10, 2021 / France
The second-hand fashion platform announced the completion of a new 178 million euros financing round, backed by global French luxury group Kering and US investment firm Tiger Global Management

MICAMX and MICAM Milano Digital kick off

Mar 10, 2021 / Italy
From the 8th of March up to the 8th of May, the MICAM Milano Digital Show will be open for business. The show presents new products for Autumn/Winter 21/22 and the in-season Spring/Summer 2021 collections with the registered buyers meeting more than 100 brands

Retail sales down by 1.8% in Hungary

Mar 9, 2021 / Hungary
In the first month of 2021, the volume of retail sales decreased by 2.6% according to raw data and by 1.8% when adjusted for calendar effects compared to the same period of the previous year, according to data by the Hungarian Central Statistical Office (KSH)

Nordstrom sales drop by 20%

Mar 9, 2021 / United States
The Seattle-based luxury department store has announced results for the fourth quarter and fiscal year ended on the 30th of January 2021. Annual sales were down by 20%. Digital sales reached 2 billion US dollars and represented 54% of the business

Christian Louboutin sells 24% stake to Ferrari owner

Mar 9, 2021 / France
Holding company Exor and Christian Louboutin announced a partnership whereby Exor will invest 541 million euros to become a 24% shareholder in Christian Louboutin, alongside the founders and will nominate 2 of the 7 members of the Company’s Board of Directors

Join the new edition of the World Footwear Business Conditions Survey

Mar 8, 2021 / 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. We also want your opinions on the post-pandemic issues. Join today! We want to hear you

CHIC Shanghai to start on the 17th of March

Mar 8, 2021 / China
Due to new regulations to control the infection rate the fair will take place from the 17th to the 19th of March 2021. Originally, the fair was annnounced to take place from the 10th to the 12th of March

Colombia: pronounced drop in consumption is hurting the industry

Premium ContentMar 5, 2021 / Colombia
In 2020, Colombia suffered the worst economic crisis in history, as a consequence of the COVID-19 pandemic. ACICAM, the Colombian Association of Footwear, Leather and Leather Goods, tells us how the footwear industry in the country is coping

Susie Mulder appointed Global Brand President for Timberland

Mar 5, 2021 / United States
VF Corporation, the owner of the Timberland, announced the appointment of Susie Mulder as Global Brand President of the brand. She begins in her new role on the 5th of April and will report to VF’s Chairman, President and CEO, Steve Rendle

Yellow Wood Partners to acquire Scholl from Reckitt Benckiser

Mar 4, 2021 / United States
The Boston-based private equity firm focused on investing in consumer brands and companies announced that it has entered into an agreement to acquire the Scholl footcare brand, from UK-based consumer-goods company Reckitt Benckiser

Aloft focus on sustainable soles for technical footwear

Mar 4, 2021 / Portugal
Portuguese-based company Aloft, specialised in the production of soles for technical footwear, is launching the first products using production waste. This results from research carried out within the FAMEST RTD project

Retail associations merge in Germany

Mar 4, 2021 / Germany
The German retail associations representing apparel (BTE), footwear (BDSE) and leather goods (BLE) have decided to merge to form the BTE Handelsverband Textil, Schuh, Lederwaren (Trade association of textile, shoes and leather goods)

Capri appoints Alejandro Martinez-Galindo as Chief Information Officer

Mar 3, 2021 / United Kingdom
The fashion luxury group announced the appointment of Alejandro Martinez-Galindo as Chief Information Officer of Capri Holdings, reporting to Thomas Edwards, EVP, Chief Financial Officer and Chief Operating Officer. His start date is the 8th of March 2021

Marita Moreno is in the biggest fashion game in the world

Mar 3, 2021 / Portugal
It is one of the most famous virtual fashion games. It's called Covet Fashion and it allows users to create a dream virtual wardrobe and bring some of those pieces to real life
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