World Footwear

Fashion

Retail Council of Canada and the Association of Footwear + Apparel Canada in partnership

Aug 11, 2020 / Canada
According to both entities the aim of the new partnership is to work on building a united platform for the retail and supplier community, within the fashion category of footwear, apparel, and accessories

LVMH with 84% decline in net profit sees recovery in China

Jul 28, 2020 / France
In the first half of the year, LVMH Moët Hennessy Louis Vuitton recorded revenue of 18.4 billion euros in the first half of 2020, down by 27%. Net profit was down by 84% in the period. However, the group already witness recovery in China

Joint statement from AAFA, FDRA, NRF, RILA, and USFIA on supply chains and Xinjiang

Jul 28, 2020 / United States
A group of US-based footwear, apparel, retail and fashion industries associations have issued a statement regarding the issues around suspects of forced labour in parts of the supply chain

Coronavirus driven lockdowns return to the US

Premium ContentJul 20, 2020 / United States
Some US states such as California and Oregon are bringing back orders to lockdown as new cases of people infected with coronavirus continue to climb. Consumers in badly hit areas might not feel comfortable to visit stores

Nike, Zara and adidas are the most valuable fashion brands

Jul 17, 2020 / World
The BrandZ top 100 ranking of the world’s most valuable brands, released by WPP and Kantar, listed the Germany-based brand as number one brand in the apparel category. Nike is followed by European-based brands Zara and adidas

RTW Retailwinds voluntarily files Chapter 11 Bankruptcy

Jul 16, 2020 / United States
As a result, the retailer expects to close a significant portion of its brick-and-mortar stores. Company expects to fully repay approximately 12.7 million US dollars in remaining loan outstanding

Richemont: quarter sales down by 47%

Jul 16, 2020 / Switzerland
During the quarter under review, the group’s trading and operations were strongly impacted by Covid-19 and sales contracted significantly across all regions, channels and business areas, notwithstanding a 49% increase in China

The Feeting Room opens new store

Jul 13, 2020 / Portugal
The Portuguese-based project has opened its third store in Foz do Porto, in the north of the country. Dedicated to the promotion and commercialization of national and independent brands, The Feeting Room is focused on Portuguese Footwear brands

Messe Frankfurt France is providing a new digital platform

Jul 13, 2020 / France
The organiser of the international textile fairs Messe Frankfurt France teamed up with Foursource to offer a digital platform for Fashion fairs: Apparel Sourcing, Avantex, Leatherworld, Shawls&Scarves, Texworld and Texworld Denim Paris

Informa cancels Las Vegas shows

Jul 13, 2020 / United States
Trade show organizer Informa Markets Fashion announced that it will cancel its Magic trade show events planned for Las Vegas in September, mentioning uncertainties related to the pandemic

Tod's: Diego della Valle denies sale and talks about recovery in China

Jul 10, 2020 / Italy
The Chairman and CEO of the Italian premium fashion brand said he has no intention of selling the company. Diego della Valle says the brand is already seeing optimism in certain markets

Brooks Brothers files for bankruptcy

Jul 9, 2020 / United States
The two-century-old company filed for bankruptcy after taking the hit of the COVID-19 pandemic’s impact on clothing sales. Pandemic kept customers at home reducing the demand for suits and formal attire

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
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