Confidence of both consumers and retailers improved in the last few months in France, contradicting the general expectation of the negative impact of the new lockdowns. Footwear retail, which had a deep fall back in April, improved significantly in May. And good news extend to the online, as lockdowns have favoured the internet sales share against the physical store trade for many categories, with apparel and footwear standing out   

Nike reported fourth quarter revenue totalling 12.3 billion US dollars, up by 96% compared to prior year and increasing by 21% compared to the fourth quarter of 2019. Full year reported revenue increasing by 19% to 44.5 billion US dollars   

In the last fiscal year, the company suffered the impacts of the pandemic like many other retailers. However, VF's most recent quarter saw growth in key areas, with revenue growing by 23% in the last three months of the fiscal year   

The footwear brand from São João da Madeira inaugurated a new store in Lisbon. This will be the brand's first retail space, but two more openings are already on the pipeline   

The luxury giant, which since 2000 owns 67% of the historic fashion house founded in Florence in 1947, will now take full control of Emilio Pucci as it acquired the remainder shares   

The organisation dedicated to the trade promotion of the leather and leather products industry. The Council for Leather Exports (CLE) has elected Sanjay Leekha as its new Chairman. Rajendra Kumar Jalan has been elected as Vice-Chairman