Spain
Matt Priest: we are 100% against the duties
We spoke with the President & CEO of the Footwear Distributors & Retailers of America to go over the topic of the moment: the US threat of duties on footwear imported from Spain, Italy and the UK
What are the Digital Services Taxes?
Recently, there has been increasing concerns regarding the fact that the existing international tax system is not accommodating the digitization of the economy, as multinationals generally pay corporate income tax where production takes place, and the location of consumers is not taken into the equation
US: threat of new tariffs in response to digital taxes
The United States Trade Representative (USTR) is collecting public comments on the potential implementation of tariffs to a list of goods from 6 US trading partners. Tariffs can go up to 25%. Footwear is part of the lists for some trade partners
Inditex invests 130 million euros in new headquarters for Zara
The Spanish-based fashion group will inaugurate a new building at its headquarters in Arteixo (A Coruña). The new facilities will be home to the Zara.com studios and to Zara Man’s central design office, after a 130 million euros investment
April edition of Futurmoda cancelled
Spanish-based Futurmoda has decided to cancel its 45th edition. Futurmoda is the International Fair of Leather, Components and Machinery for Footwear and Leather Goods
Inditex: sales down by 28% in 2020
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
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
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
Spain Retail: After the hit of COVID-19, retail is still trying to recover
Similarly to what happened in other countries, the Textile, Clothing and Footwear (TCF) Retail Sales have lived dramatic moments with the first wave of COVID-19 hitting Spain, one of the European countries with most critical sanitary emergency. TCF sales almost disappeared in April and although the scenario improved from there, one cannot say that recovery materialised completely in the South Europe country
Futurmoda postponed one month
The International fair of Leather, Components, and Machinery for Footwear and Leather Goods has announced they have rescheduled the next edition of the fair. Futurmoda is now scheduled for the 7th and the 8th of April
Success Road: social partners as key actors in assisting the transfer process of EU family business
Last week, the Interreg Europe Success Road project consortium met virtually with Spanish public and private stakeholders to debate on the role of social partners in facilitating the transfer process of EU family businesses
Inditex wants 25% of sales online within 2 years
The Spanish group owning brands Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe, wants online sales to represent over 25% of the total by 2022. This compares with 14% in financial year 2019
Changes in FICE’s Presidency
The current Executive President of the Federation of Spanish Footwear Industries (FICE), José Monzonís, will end his current term at the beginning of July
FICE defends alternative measures to the prohibition of sales
The Federation of Spanish Footwear Industries (FICE) requested for the consideration of alternative and equally efficient measures to the prohibition of discounts in brick and mortar locations
Spanish retailers ask for the suspension of commercial leases
Some of the major Spanish retailers have sent a request to the Spanish Government, led by Pedro Sanchez, for a change in the clauses in their commercial leases, given the current coronavirus crisis-
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