News
H&M sales fall by 21%
In the first quarter of 2021 H&M group’s net sales decreased by 21% in local currencies compared to similar period in the previous fiscal year. The Sweden-based group’s net sales amounted to 40 060 million Swedish Krona in the period
Macy's: sales down by 29% in fiscal 2020
The department store chain announced sales falling to 17.3 billion US dollars in the year ended on the 30th of January 2021. Net loss for the period totaled 3.9 billion US dollars
Germany: retail turnover down by 4.5%
According to provisional data by the Federal Statistical Office (Destatis), turnover in retail trade in January 2021 was lower than in December 2020
Online footwear sales reach 21.4% share in Italy
Assocalzaturifici, the Italian Footwear Manufacturers' Association, announced the results for 2020. After bringing the overall analysis yesterday, on production, exports and consumption, today we focus on the behaviours of online sales
Carlos Santos: In his own name
He began working in the footwear industry, in Portugal, very early. Carlos Santos started his professional career at Zarco, a family company dedicated to making shoes headquartered in São João da Madeira. Meet the man behind one of the most renowned men's footwear brands
Inditex invests 130 million euros in new headquarters for Zara
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
adidas expects strong 2021 recovery as growth returned in fourth quarter of 2020
The Germany-based sportswear giant announced it returned to slight growth at constant currencies in the last quarter of 2020, supported by e-commerce and retail sales. adidas is expecting strong pick up in 2021
April edition of Futurmoda cancelled
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
Italy with sharp fall in turnover, production and exports in 2020
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
MICAMX and MICAM Milano Digital kick off
From the 8th of March up to the 8th of May, the MICAM Milano Digital Show will be open for business. The show presents new products for Autumn/Winter 21/22 and the in-season Spring/Summer 2021 collections with the registered buyers meeting more than 100 brands
Dick's Sporting Goods: closes 2020 with 9.5% increase in net sales
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
Inditex: sales down by 28% in 2020
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
Vestiaire Collective: financing round backed by Kering and Tiger Global Management
The second-hand fashion platform announced the completion of a new 178 million euros financing round, backed by global French luxury group Kering and US investment firm Tiger Global Management
Retail sales down by 1.8% in Hungary
In the first month of 2021, the volume of retail sales decreased by 2.6% according to raw data and by 1.8% when adjusted for calendar effects compared to the same period of the previous year, according to data by the Hungarian Central Statistical Office (KSH)
Nordstrom sales drop by 20%
The Seattle-based luxury department store has announced results for the fourth quarter and fiscal year ended on the 30th of January 2021. Annual sales were down by 20%. Digital sales reached 2 billion US dollars and represented 54% of the business
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