The COVID-19 pandemic has hit the Italian footwear industry hard, with double-digit reductions across all the main variables, according to Assocalzaturifici, the Italian Footwear Manufacturers' Association   

The Italian luxury house reported sales of 916 million euros in fiscal 2020, down by 33.5%. Salvatore Ferragamo announced it had suffered a net loss of 72 million euros in 2020, in an economic context highly affected by the COVID-19 pandemic   

Total net sales for the twelve months ended on the 31st of December 2020 totaled 2.39 billion euros, down by 23.6% at constant exchange rates (down by 24.9% at current exchange rates) compared with approximately 3.18 billion euros in 2019   

The Pittsburgh-based sportswear retailer announced fiscal 2020 results. The year was marked by a 9.5% increase in sales, despite the challenges of the COVID-19 pandemic   

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