World Footwear

Fashion

New appointment to Richemont Senior Executive Committee

Jul 1, 2020 / France
Philippe Fortunato has been nominated to head the fashion and accessories division of the luxury group, which includes brands such as Chloé, Dunhill or Montblanc, amongst others

Inditex wants 25% of sales online within 2 years

Jun 29, 2020 / Spain
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

Messe Frankfurt France cancels September 2020 shows

Jun 23, 2020 / France
The event’s organisers announced they will not go ahead with the September 2020 edition of its co-locating tradeshows Apparel Sourcing, Avantex, Leatherworld, Shawls&Scarves, Texworld and Texworld Denim Paris

Portuguese Footwear Cluster: meet the components industry

Jun 9, 2020 / Portugal
They live ahead of their time, anticipating market trends, studying market behaviours, and searching to learn the consumers’ latest interests. This is the rhythm of the entrepreneurs within the components and tannery industries in Portugal

Pitti postponed to 2021

Jun 5, 2020 / Italy
All Pitti Immagine events, including menswear trade show Pitti Uomo, had already been rescheduled from June to early September. Now they are moved to 2021 and all energies will be concentrated on the Pitti Connect digital platform

Zalando is expecting 2020 revenue to be up by 10%-20%

Jun 2, 2020 / Germany
The online platform issued a new full-year guidance considering the impact of the Covid-19 pandemic and says it expects gross merchandise volume (GMV) and revenues to grow by 10%-20%

Revolver, CIFF and CFW will share same date

May 29, 2020 / Denmark
The announcement results from close collaboration between Copenhagen Fashion Week, trade fairs CIFF and Revolver, and industry organisations Dansk Fashion & Textile (DM&T) and Wear

Burberry: sales decline by 27% in the last quarter

May 28, 2020 / United Kingdom
The British-based luxury fashion house was heavily impacted by the COVID-19 pandemic, with 60% of stores closed by the end of March. In the fourth quarter sales declined by 27%

Neiman Marcus files for bankruptcy

May 7, 2020 / United States
The luxury retailer became the first major US department store group to file for bankruptcy protection during the coronavirus pandemic

After Milan, Paris announces digital fashion week

May 7, 2020 / France
Yesterday Camera della Moda has announced the first Milano Digital Fashion Week. In the same day the Fédération de la Haute Couture et de la Mode announced it is organizing a Paris Fashion Week online event

Nordstrom to close 16 stores as it restructures the business

May 6, 2020 / United States
As the company prepares to re-open ist stores, as Covid-19 restrictive measures start to be alleviated, Nordstrom has announced it plans to permanently close 16 full-line stores

First Milano Digital Fashion Week

May 6, 2020 / Italy
Camera della Moda (the Fashion Chamber in Italy) is launching its first Milano Digital Fashion Week, to run from the 14th to the 17th of July, and showcasing Spring/Summer 2021 collections

Burberry says it will not apply for British state crisis money to pay salaries

May 5, 2020 / United Kingdom
With the UK under lockdown given the Covid-19 pandemic, many companies have taken advantage of the state job retention scheme. Burberry has said it won't take any of this cash

J. Crew files for bankruptcy protection

May 5, 2020 / United States
The multi-brand, multi-channel, specialty fashion retailer J. Crew became the first major US retailer to file for bankruptcy protection in the middle of the coronavirus outbreak

Macy's plans to reopen 68 stores on Monday

May 1, 2020 / United States
The American department store chain is re-opening 68 stores on Monday in states that reduced coronavirus lockdown restrictions. Macy's plans to re-open more stores in the upcoming weeks
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