News
Gucci joins Alibaba's luxury e-commerce site
One of the key brands of the Kering group's portfolio, will open two stores on Alibaba's online trading platform, in a move that underlines the importance of the Chinese market for luxury brands heavily affected by the coronavirus crisis
CIFF goes digital and launches new platform in January
The Danish fashion and clothing fair CIFF - Copenhagen International Fashion Fair announced that it will not hold the next edition, in February 2021, in its conventional format, and is now focusing on the launch of a new digital platform
Ara Portugal celebrates 46 years
This December, Ara Shoes Portugal is celebrating 46 years. Established in the country in 1974, the German group, was one of the first multinationals in the footwear sector to invest in Portugal
Growing secondhand market to currently be worth 30-40 billion US dollars
According to a report by the Boston Consulting Group and Vestiaire Collective, the global secondhand market is predicted to have a compound annual growth rate (CAGR) of 15% to 20% over the next five years
Foot Locker CFO Lauren B. Peters to retire in April 2021
The New York-based specialty athletic retailer announced the planned retirement of Lauren B. Peters, Foot Locker's Executive Vice President and Chief Financial Officer. Foot Locker has initiated a comprehensive search process
Amazon launches clothing customization service
The giant e-commerce player said it is taking clothing customization to an affordable level thanks to the launch of the service Made for You. For now, the service is only available in the United States
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
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