World Footwear

News

Canada: return to business

Jun 11, 2020 / Canada
In a country with roughly 99 thousand cases, all the regions are now at different stages of their return to business. Some activities have opened and others, such as restaurants, will open within the next few weeks

European Union Vietnam FTA ratified by Vietnam’s National Assembly

Jun 11, 2020 / Vietnam
On the 8th of June, Vietnam’s National Assembly ratified the European Union Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA)

China Leather Industry Association expects rapid growth

Jun 10, 2020 / China
Li Yuzhong, Chairman of China Leather Industry Association (CLIA), said the daily life of the public in China has basically returned to normal and that he consumer market has become more active

Crocs announces new European Distribution Centre

Jun 10, 2020 / United States
Crocs announced that construction of its largest distribution centre in Europe has started. The facility will be located in Dordrecht, in the Netherlands

Germany: VAT cut to stimulate consumption

Jun 10, 2020 / Germany
The value-added tax (VAT) rate on non-food products is being reduced from 19% to 16%, starting from the 1st of July. The measure should be in place for the rest of the year and aims to give a boost to consumption and the economy

Online sales deliver more than 40% of Wolverine’s revenue

Jun 9, 2020 / United States
The Michigan-based company said owned e-commerce grew by more than 90% in the first nine weeks of the second quarter of fiscal 2020, delivering more than 40% of Wolverine's revenue, a better-than-expected performance

Trends of the industry as retail re-opens: Comfort at home

The World Footwear brings you a new Guidebook with Business Tips and Health and Safety Recommendations for Brand Managers and Retailers. Today we will talk about Comfort at Home

Portuguese Footwear Cluster: meet the components industry

Jun 9, 2020 / Portugal
They live ahead of their time, anticipating market trends, studying market behaviours, and searching to learn the consumers’ latest interests. This is the rhythm of the entrepreneurs within the components and tannery industries in Portugal

Italy: Council of Ministers approves decree protecting the term leather

Jun 8, 2020 / Italy
The new law not only establishes a more correct terminology: it also establishes a ban on the use of the terms pelle/cuoio (leather) to identify materials which do not have an animal origin

Mulberry to reduce 25% of global workforce

Jun 8, 2020 / United Kingdom
The British-based luxury brand is planning to cut 25% of its global workforce to reduce costs as sales take the hit of the coronavirus pandemic, The Guardian is reporting

LVMH will not renegotiate the Tiffany's deal for now

Jun 8, 2020 / France
The French luxury goods giant is not expecting to renegotiate the 16.2 billion US dollars acquisition deal of US-based jewellery chain Tiffany & Co after deliberations on the matter, Reuters is reporting

Timberland & Savory Institute partner to build regenerative leather supply chain

Jun 5, 2020 / United States
Next Fall Timberland will launch a collection of boots made with leather from verified regenerative ranches sourced through Savory's Minnesota Hub, Thousand Hills Lifetime Grazed

Pitti postponed to 2021

Jun 5, 2020 / Italy
All Pitti Immagine events, including menswear trade show Pitti Uomo, had already been rescheduled from June to early September. Now they are moved to 2021 and all energies will be concentrated on the Pitti Connect digital platform

Caleres with loss of 345.8 million dollars

Jun 5, 2020 / United States
The US-based retailer presented first quarter results for the period ended on the 2nd of May, with net sales declining by 42%. Caleres had a loss of 345.8 million dollars in the period

Brazil: Covid-19 pandemic shrinks footwear exports

Jun 4, 2020 / Brazil
The Brazilian Footwear Industries Association (Abicalçados) believes the COVID-19 pandemic played an essential role in the decline registered in footwear exports during the first four months of the year
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