News
JD Sports Fashion to acquire US-based DTLR
The UK-based retailer of sports, fashion and outdoor brands, announces it entered into a conditional agreement for the acquisition of 100% of DTLR Villa LLC, a US-based lifestyle retailer with roughly 250 stores in 19 states
Japan Retail: YoY November retail sales could be misleading for 2021 forecasts
Looking at the most recent Year-on-Year retail sales variation in Japan can be quite misleading for any forecast, as retail sales in October-November seem to have been scarcely affected by the new COVID-19 outburst, when compared to 2019. In the same period the price indexes also showed little or no reaction to the pandemic, as they are at the same level as one year ago. The concern comes from a consumer confidence indicator which began to fade away in December
H&M Group reports sales down by 18%
The Sweden-based fashion group announced net sales amounting to 187 031 million Sweden Krona (22.45 billion US dollars) in the 2020 financial year. In local currencies, net sales decreased by 18%
Asos buys Topshop and other Arcadia's brands
The deal includes Topshop, Topman, Miss Selfridge and HIIT. The brands were for sale after the Arcadia group collapsed into administration by the end of 2020
Portuguese Footwear Industry hosts Environmental Responsibility Week
APICCAPS, the Portuguese Footwear Association, and CTCP - Portuguese Footwear Technological Centre are organising a week of events dedicated to Environmental Responsibility. 150 specialists will gather online to discuss an array of relevant topics
Sam Edelman debuts new slipper collection
Designed bearing in mind the customers changing lifestyle, Sam Edelman is presenting a collection of seven styles featured in an array of luxe faux fur, soft knit, faux shearling and satin materials
Ireland: retail sales up by 14.3% in December
The volume of retail sales increased by 14.3% in December 2020 when compared to November 2020 on a seasonally adjusted basis. Data is from Ireland's Central Statistics Office (CSO)
Li Ning’s unit Viva China to acquire majority stake at Clarks
The Chinese gymnast-turned-businessman Li Ning is about to take control of the British shoemaker less than a month after Clarks sold a majority stake to the Hong Kong-based private equity firm LionRock Capital, of which Li is Non-Executive Chairman
Argentina: recovery is still far away
Economic activities are operating in Argentina, with some restrictions given the need to constrain the diffusion of COVID-19 in the country. The deep contraction of footwear consumption is one of the main issues for the industry, according to the Chamber of the Footwear Industry
Pakistan: decline in foreign orders, but domestic market is doing well
We spoke with the Pakistan Footwear Manufacturers Association (PFMA) to understand how the COVID-19 pandemic is impacting the footwear industry in the country. Footwear companies focused on the internal market are performing better than exporting ones
Tapestry named a Best Place to Work for LGBTQ Equality
The Human Rights Campaign (HRC) has ranked Tapestry as a “Best Place to Work for LGBTQ Equality”. Having achieved a score of 100% on HRC’s 2021 Corporate Equality Index, Tapestry earns this designation for the 7th consecutive year
US: AAFA calls for legislation to hold online marketplaces accountable for counterfeit sales
The American Apparel & Footwear Association (AAFA) submitted comments to the US Patent and Trademark Office regarding secondary trademark infringement liability in the e-commerce setting. With the increase of online commerce AAFA is calling for new legislation
COVID-19: Chilean digital commerce accelerated at least 5 years in 2020
We spoke with FEDECCAL, the Chamber of Leather, Footwear and Allied Industries, to understand the main impacts of the pandemic in the country's footwear trade in 2020. We also discussed the acceleration of digital commerce in Chile last year, much driven by COVID-19
South Africa: industry impacted by slow retail sales
We spoke with Jirka Vymetal, Executive Director at SAFLIA, the Southern African Footwear & Leather Industries Association, to learn more about the current situation of the pandemic in the country and the impacts it is having on the footwear industry
Germany: closed stores are the big issue for this industry
Currently holding the 10th position in the list of countries with more cases of peope infected with COVID-19 since the outbreak of the pandemic, Germany currently has a stern lockdown in place. We spoke with HDS/L - Federal Association of German Footwear and Leather Goods Industry to learn what is happening with the local industry
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