World Footwear

Retail

World Footwear Business Conditions Survey reveals signs of optimism

Feb 25, 2020 / Business Conditions Survey
According to an online survey conducted by the World Footwear in the end of December the industry is optimistic about the footwear business and expect quantities and prices to increase in the next six months

France bans dumping unsold fashion items

Feb 24, 2020 / France
Companies in the country to be banned from destroying clothes, cosmetics and other items

Forever 21 with new deal to sell assets

Feb 6, 2020 / United States
The US-based fast fashion retailer Forever 21, which filed for bankruptcy in September last year, reached an agreement with a consortium of companies to sell its assets for 81 million US dollars

Tapestry with key executive appointments

Feb 6, 2020 / United States
The luxury house has appointed Liz Fraser as CEO & Brand President for Kate Spade; Giorgio Sarné as CEO & Brand President for Stuart Weitzman and Yann Bozec as President of Tapestry Asia Pacific

Sales up by 2.3% at Salvatore Ferragamo

Feb 4, 2020 / Italy
The Italy-based luxury sector player released the Group’s Preliminary Consolidated Revenue for Fiscal Year 2019, which amount to 1,377 million Euros up 2.3% at current exchange rates and 1.3% at constant exchange rates

JCPenney expands leadership team

Feb 3, 2020 / United States
The Texas-based company announced the appointment of six Vice Presidents, each bringing years of leadership, innovation, and expertise to JCPenney

Kastel opens Norway's first self-service shoe shop

Jan 31, 2020 / Norway
In collaboration with Touchtech and fashion online platform Miinto, Kastel offers customers an interactive solution that makes it possible to shop without the presence of store employees

Shoe Zone with declining profits blames financial burden of public policies

Jan 30, 2020 / United Kingdom
In the last financial year Shoe Zone's underlying pre-tax earnings slid to 9.6 million British pounds from 11.3 British pounds in the previous year. Management blames Government for increasing taxes

J.Crew appoints Jan Singer as CEO

Jan 29, 2020 / United States
The Board of Directors of the American multi-brand, multi-channel, specialty retailer appointed Jan Singer to serve as Chief Executive Officer, effective from the 2nd of February

Louis Vuitton to open its largest store in Japan

Jan 28, 2020 / United States
The main brand of the LVMH's portfolio, Louis Vuitton, will open its largest store in Japan in Osaka in February. At the same time the brand will open its first cafe and restaurant

12 Timberland stores to close across the UK

Jan 27, 2020 / United Kingdom
Outdoor clothing and footwear brand Timberland together with their retail partner 73 Retail are closing 12 stores across the UK. Other closures impacting The North Face and Havaianas

Former Crocs CEO and son launch injection-moulded footwear brand

Jan 27, 2020 / United States
The former CEO of the Colorado-based footwear brand Crocs and his son have created Joybees, a Denver-based company making injection-moulded footwear

Woolworths changes CEO

Jan 23, 2020 / South Africa
Woolworths' CEO Ian Moir has resigned and Roy Bagattini, President of Levi Strauss' American operations will fill the position

Bardot to have major restructure

Jan 22, 2020 / Australia
The brand, which went into voluntary administration in November, will close 58 stores over the next two months. 530 employees expected to be impacted

JD Sports with positive holiday sales

Jan 20, 2020 / United Kingdom
The sports-fashion retail company based in the UK announced an update on performance following the Christmas trading period. A positive like for like trend was registered
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