News
Revenue down by 48% at VF
The company announced first quarter results marked by a decline of 48% in revenue. VF took the hit of the COVID-19 pandemic with stores closures at global level
Capri with revenue down by 66.5%
The UK-based group owner of Versace, Jimmy Choo and Michael Kors has announced first quarter results with a decline in revenue of 66.5%. CEP expects company to be back on growth trajectory in fiscal 2022
Under Armour: revenue down by 41%
The Baltimore-based sportswear company has announced second quarter results. The impact of the diffusion of COVID-19 was clear on the closure of stores. Revenue was down by 41% in the period
Footwear production increased by 21.2% in a 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 recently launched by APICCAPS
adidas nearly doubles e-commerce sales
The second quarter was marked by revenue down by 34%, as a result of the COVID-19 pandemic and the very large number of store closures. At the same time, the company experienced exceptional growth in online sales
Crocs revenue down by 7.6%
Revenue of the brand totalled 331.5 million US dollars in the second quarter, a decline of 7.6% from the similar period in 2019. Given the unprecedent times related to COVID-19 the company is not providing third quarter guidance
Tapestry reports full year results
The New-York based luxury group has reported fourth quarter results marked by a 52.79% decline in revenue. Declining revenues have impacted the three brands of the Tapestry's portfolio
Sales of shoe stores in the US down by 56%
According to data from the USA Census Bureau and the analysis of the WorldFootwear.com, growth of sales of the shoe stores in the US has been on the red since the beginning of year
Wolverine names Brendan Hoffman as new President
The omni-channel retail veteran is joining the Michigan-based company as part of the planned CEO succession transition. Hoffman is also joining Wolverine's Board of Directors
Retail Council of Canada and the Association of Footwear + Apparel Canada in partnership
According to both entities the aim of the new partnership is to work on building a united platform for the retail and supplier community, within the fashion category of footwear, apparel, and accessories
Deckers posts increase in net sales
The California based company announced first quarter results for the period ended on the 30th of June 2020. Skechers announced its net sales increased by 2.3% in the period
US remains by far the world’s largest importer of footwear
This is one of the conclusions of the World Footwear 2020 Yearbook, recently published by APICCAPS and containing a deep analysis of the footwear industry in 2019. The publication also contains Country Profiles for 84 markets
Changes at adidas Supervisory Board
Thomas Rabe is the new Chairman of the Supervisory Board – Igor Landau’s term of office ends after 16 years – and Christian Klein was newly elected to the Supervisory Board
Prada: sales impacted by the lockdowns
With falling sales across all geographies and after 40% of stores being closed globally from February to May 2020, Patrizio Bertelli, Prada Group CEO said he is confident in growth for the second half of the year
Asia dominates exports but Europe increased market share over the last decade
The Asian continent was the origin of most exports in 2019, with a world share of 83.9%. Asia’s export share has decreased slightly over the last decade, as is also the case with every continent but Europe
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