News
John Camuto, member of the Camuto Shoe Family, dies at 31
The former footwear executive, son of footwear legend Vince Camuto, has died over the weekend. He was 31 and the cause of death is believed to be a heart attack, according to the family
Arcadia’s Evans brand acquired by Australia’s City Chic for 23 million British pounds
The agreement includes the acquisition of the Evans brand, the eCommerce and wholesale businesses for 23.1 million British pounds in cash by City Chic. This deal, excludes the brick and mortar stores and follows Arcadia entering into administration a few weeks ago
Spain Retail: After the hit of COVID-19, retail is still trying to recover
Similarly to what happened in other countries, the Textile, Clothing and Footwear (TCF) Retail Sales have lived dramatic moments with the first wave of COVID-19 hitting Spain, one of the European countries with most critical sanitary emergency. TCF sales almost disappeared in April and although the scenario improved from there, one cannot say that recovery materialised completely in the South Europe country
European retail collapses
After registering growth, albeit moderate (1%), in 2019, the European clothing and footwear retail sector is being heavily penalized by the pandemic. Up to September, the cumulative drop in retail sales of the Textile, Clothing and Footwear sectors amounts to 24.4%
Bangladesh: decline in exports continues
In the first 5 months of the current year, Bangladesh’s leather industry registered a total of 358.57 million US dollars’ worth of exporting revenue, which represented a decline of 8.32% over the performance in similar period in the previous fiscal year
Farfetch sets 10-year sustainability goals
The online fashion retailer has announced a set of sustainability goals for the next ten years divided in four main areas, ranging from being climate positive to promoting conscious inclusion
Guide to Survive the Pandemic ... with Portuguese Shoes
APICCAPS, the Portuguese Footwear Association, has launched the publication Guide to Survive the Pandemic ... with Portuguese Shoes. Check it all here
adidas to sell Reebok business
In a statement recently issued, the Germany-based company said that as part of the development of its new five-year strategy, adidas has begun to assess strategic alternatives for Reebok
Wales enters strict lockdow: non-essential retail to close
The country will enter into a strict nationwide lockdown, especially over Christmas and on the days to follow
Bata Shoe appoints Sandeep Kataria as New CEO
The Bata Shoe Organisation announced the appointment of Sandeep Kataria as CEO, who has served as CEO of Bata India since 2017, and takes over the global CEO role from Alexis Nasard, who has stepped down to assume a professional opportunity outside the organisation
Live shopping: a new business model
This format of video streaming commerce is becoming very popular, especially in China. Marketing companies want to take this digital strategy across borders, focusing on hitting the European and the US markets
UK: ongoing uncertainty is making it harder for businesses to prepare
The alert comes from the British Retail Consortium (BRC), which has also urged consumers to refrain from stockpiling food before Britain leaves the EU on the 1st of January
Futurmoda postponed one month
The International fair of Leather, Components, and Machinery for Footwear and Leather Goods has announced they have rescheduled the next edition of the fair. Futurmoda is now scheduled for the 7th and the 8th of April
Under Armour to sell The MyFitnessPal platform
The US-based branded athletic performance apparel, footwear and accessories, announced that it has entered into a definitive agreement to sell the MyFitnessPal platform to Francisco Partners
Digital sales up by 27% at Macy's
The American department store chain reported digital sales growing by 27% in the third quarter. and comparable sales down by 21.0%, as a result of continued stores recovery and continued growth of digital business
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