News
Yue Yuen with 136.7 million US dollars loss
The world's largest shoe manufacturer has been badly hit by the COVID-19 pandemic. Yue Yuen has posted a net loss of 136.7 million US dollars for the first half of 2020, which compares to net income of 165.9 million US dollars for similar period in 2019
Brazilian footwear exports decreased by 32.7%
Reflecting the instability in the international markets, especially in the United States, Brazilian footwear exports registered decreases of 32.7% in revenue and 25.2% in volume between January and August in relation to the same period last year
Tod's: sales down by 43.5%
The impact of the pandemic has heavily affected the sales and results of all the group's brands, in all geographic areas, product categories and on both sales channels
Designer Brands with 42.8% decline in net sales
The US-based footwear retailer formerly known as DSW reported double-digit decline in sales in the first semester as a result of the impact of the COVID-19 pandemic on the consumer behaviour and on the business ever-changing environment
Obuv's parent company increases its share capital
The company announced the increase in its share company by saying that funds from the additional issue will be used to implement the company’s strategy for the business’s digital transformation and financial services development
Under Armour to lay off 600 employees globally
US-based sportswear maker said it will lay off about 600 employees from its global workforce, given the impact of the COVID-19 pandemic in its business
LVMH not to go ahead with Tiffany deal
The French luxury goods giant LVMH has said it is not proceeding with the deal to acquire the US-based jeweller Tiffany & Co. Tariffs fight between the US and France might have contributed to the decision
vanHaren to take over 43 Brantano shoe stores
Part of the German Deichmann SE group, one of Europe’s largest shoe retailers, vanHaren has 143 stores in The Netherlands and 16 shops in Belgium, whose network of locations will increase with the acquisition
Footwear production increased by 21.2% over the last decade
Worldwide footwear production has increased by 21.2% since 2010 at an average yearly growth rate of 2.2%. This is one of the main conclusions of the World Footwear 2020 Yearbook launched by APICCAPS
Hungary: retail sales increased by 0.4%
According to information release by the Hungarian Central Statistical Office, in July 2020, the volume of sales in retail shops grew by 0.4% compared to the same period last year
Retail turnover up by 3.2% in Australia
In July 2020, Australian retail turnover rose by 3.2%, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures
Shoe Carnival with record net sales
The US-based footwear retailer has reported record net sales of 300.8 million US dollars for the second quarter exceeding the previous record set in the third quarter of fiscal 2017 by 4.6%
Augustha, redefining timeless elegance
Rethinking iconic styles with a bold confidence and empowering sensuality, Augustha creates beautiful, collectable pieces that will live in a woman’s closet forever. Get to know this Portuguese brand today
Euro Shoes with positive feedback
The August edition of Euros Shoes covering an area of 7 000 square metres and presenting the Spring-Summer 2021 collections of manufacturers from several countries came to an end amidst positive feedback
Gallery exceeds expectations
A much higher frequency than expected at Germany’s first fashion tradeshow of the season in Düsseldorf has been reported by the organisers of Gallery
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