World Footwear

Spain

Spain Retail: are consumers curing their entrenched pessimism?

Premium ContentJul 6, 2021 / World Footwear Reports
As the new pandemic wave seems to be fading away in Spain, indicators are improving. In the last two months with data available (March and April) Footwear Imports and the Textile, Clothing and Footwear (TCF) Retail Index performed much better than in 2020. Adding to list of good news is the consumers and retailers' confidence at their maximum scores since March 2020. With the online retail being at its maximum as well, the question now is whether omnichannel strategies from physical operators will be strong enough?

Inditex: sales grow by 50%

Jun 9, 2021 / Spain
Sales of one of the largest fashion groups grew by 50% in the first quarter of 2021 totalling 4.9 billion euros. Online sales in local currencies grew by 67%

JD Sports is selling Sports Unlimited Retail

Jun 4, 2021 / United Kingdom
The British sports-fashion retail company is selling Sports Unlimited Retail to Iberian Sports Retail Group, its 50.02% owned subsidiary based in Spain. The deal should amount to 14 million British pounds (roughly 16.5 million euros)

How is COVID-19 impacting footwear retail in different countries?

May 25, 2021 / World
With the world fast approaching 180 million cases of infected people and with vaccination now in place in several countries, we bring a summary of our latest Flash Reports focused on some key markets

MOMAD to return with hybrid format

May 23, 2021 / Spain
The International Textile, Footwear and Accessories Show, organized by IFEMA MADRID, returns in a hybrid format in September and invites the footwear industry to gather in Spain

Spain Retail: depressed retail and online sales gaining share

Premium ContentApr 28, 2021 / Spain
The TCF retail Sales Index in Spain is showing some resistance to getting back to the pre-pandemic levels, even if some recovery took place over the second half of 2020. One positive sign seems to come from internet retail, which is gaining share since September 2020. The concern raises as this is being done at the expenses of physical retail. If one needs hope and goods news, those might come from some relative optimism from the consumer side, which might be followed by the retailers. The next few months will be key to see if they persist

How are Italy and Spain reacting to the threat?

Premium ContentApr 27, 2021 / Spain
The announcement made by the United States Trade Representative (USTR) on the 26th March regarding the next steps in its Section 301 investigations of Digital Service Taxes (DSTs) adopted or under consideration by several US trading partners made the alarm sound for Spain and Italy

Matt Priest: we are 100% against the duties

Premium ContentApr 26, 2021 / United States
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?

Apr 26, 2021 / OECD
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

Apr 16, 2021 / United States
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

Mar 12, 2021 / Spain
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

Mar 11, 2021 / Spain
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

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

How is COVID-19 impacting the footwear industry in different countries?

Premium ContentJan 26, 2021 / World
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

Premium ContentJan 22, 2021 / Spain
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
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