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  • Micam
    Article

    Micam to be held on March 21-23

    2020-11-26T08:05:00Z

    Micam will run from March 21 to 23, a day less than the September edition. The Milan-based footwear trade show will be held in conjunction with four other fairs representing the Italian fashion industry, in a repeat of an initiative carried out for the previous edition. Micam, Mipel ...

  • Article

    British delivery service fears uncontrollable Black Friday

    2020-11-25T15:38:00Z

    London-based delivery service ParcelHero said that it’s forecasting an £8.49bn (€9.5bn-$11.5bn) monster Black Friday to Cyber Monday weekend. It warns that stores must learn from the disaster of Black Friday 2014 or delivery chains could snap once again this year. In 2019, Britons spent a ...

  • Euler Hermes
    Article

    A quarter of European firms need support or face a cash shortage in 2021

    2020-11-25T06:24:00Z

    About a quarter of companies in the Eurozone will need more government support in 2021 to avert a cash-flow crisis, according to the French credit insurance company Euler Hermes . “The first wave of Covid-19 lockdowns caused a stronger-than-expected profitability shock for most European non-financial corporate” during the first ...

  • gms-verbund-logo-
    Article

    ​GMS affiliates suffer sales decline but outperform other German retailers

    2020-11-24T10:20:00Z

    In this year’s pandemic-riddled market, affiliates of the Cologne-based shoe retailing association GMS managed to limit losses, achieving significantly better results than the national average. A survey on sales between January and September showed an average drop of 6.4 percent for GMS’s affiliates, compared with a decline of ...

  • Clarks
    Article

    ​Clarks’ CVA gets green light amid landlord fury over rent write-offs

    2020-11-23T12:20:00Z

    Creditors of the British shoemaker and retailer Clarks have approved a deal that will see control of the company pass to a private equity firm amid criticism from landlords over the scale of rent write-offs. Under the proposal, known as a company voluntary arrangement (CVA), rent arrears on ...

  • the-new-york-public-library-yEauzeZU6xo-unsplash
    Article

    ​Global luxury footwear sales seen up by 14% in 2021

    2020-11-22T14:57:00Z

    Worldwide sales of luxury footwear could surge by 14 percent next year after an estimated 12 percent drop this year, according to two surveys. The sector continues to find support from demand for sneakers.

  • Shoepassion
    Article

    Shoepassion launches special 10-year anniversary collection on Kickstarter

    2020-11-22T07:46:00Z

    To mark its tenth anniversary, the Berlin-based footwear company Shoepassion released a special edition collection that is only available on the crowdfunding platform, Kickstarter. A revised edition of the first collection released in 2010, the limited anniversary collection features seven models that will be on sale until ...

  • Caleres
    Article

    Lower sales for Caleres, but results top expectations

    2020-11-20T17:25:00Z

    Caleres recovered in the third fiscal quarter compared with the previous quarter but sales continued to decline sharply year-on-year. The company warned that fourth-quarter sales could be some 20 percent lower than the previous year. In the three months ended on Oct. 31, revenues were $647.5 million, down ...

  • Vulcabras
    Article

    Vulcabras’ women’s shoe sales drop as the company focuses on sports

    2020-11-20T16:34:00Z

    After production restrictions in the spring and early summer due to the pandemic, Vulcabras resumed full operations at its factories in July, capitalizing on a robust order backlog. It managed to lift overall sales in the third quarter, but sales of women’s shoes were lower as the company prepares ...

  • Shoe-Carnival-Logo
    Article

    Shoe Carnival delivers its most profitable quarter

    2020-11-19T17:50:00Z

    Shoe Carnival improved its gross margin by 1.1 percentage points to 32.0 percent in the third fiscal quarter, delivering the company’s most profitable quarter ever, thanks to lower promotional activity. Net income advanced by 1 percent to $14.7 million. After rebounding in the second quarter, Shoe Carnival’s sales ...

  • Expo_Riva_Schuh_Logo_w1200_h629
    Article

    Wellness, sustainability, localism, online interaction are growing trends with Covid

    2020-11-19T06:00:00Z

    For months, fashion-industry entrepreneurs and retailers have been struggling with the effects of the coronavirus pandemic while at the same time trying to map out future strategies in a rapidly-evolving commercial environment. In a webinar titled “2022 Fashion Market, Shifts Strategies”, hosted online by Expo Riva Schuh ...

  • Von Wellx
    Article

    ​Von Wellx steps up production in India

    2020-11-18T16:35:00Z

    Von Wellx , the German orthopedic shoe brand owned by Casa Everz , has inaugurated a new production site in Agra, in the Uttar Pradesh state in northern India, as it ceases the production of footwear in China. The new factory in the Export Promotion Industrial Park (EPIP) in ...

  • treksta-footwear-whatsuppr-clients2
    Article

    Treksta expands in Europe, especially in the casual footwear trade

    2020-11-18T12:57:00Z

    With Improve Business Scandinavia being the Scandinavian representative for Treksta since 2014, the South Korean footwear company earlier this year committed Improve Business Europe AB as European distributor for all countries except Portugal, France and Spain. The company has already signed agents for its hunting category and ...

  • Farfetch
    Article

    Farfetch benefits from shift to buying luxury goods online

    2020-11-16T16:26:00Z

    Luxury e-tailer Farfetch reported a sharp rise in third-quarter sales as it benefits from the growing trend of buying high-end products online. Revenues for the three months to Sept. 30 soared by 71 percent to $438 million, while gross merchandise value (GMV) increased 62 percent to $798 million. ...

  • Tod's 2
    Article

    Tod’s enjoys recovery in Asia

    2020-11-15T15:31:00Z

    Tod’s is seeing signs of recovery in Japan and South Korea on top of the strong growth already enjoyed in China. But the company warned that to meet market expectations, it would need some “respite” in store closures in the fourth quarter. Financial analysts anticipate full-year sales of €647 million. ...

  • Yue Yuen 3
    Article

    Losses continue for Yue Yuen

    2020-11-15T12:27:00Z

    Despite China’s resilience against the pandemic in the third quarter, Yue Yuen Industrial Holdings remained in the red, following two quarters of losses. The company was strongly impacted by government measures to contain the spread of the disease at the start of the year, and although the Pou Sheng ...

  • Geox breathes
    Article

    Geox suffers accelerated sales decline amid new lockdowns

    2020-11-13T17:54:00Z

    Geox has suffered a 30.0 percent decline in like-for-like sales in the fourth quarter to date - bringing the like-for-like sales decline in the year so far to 32.0 percent - amid new temporary store closures due to a second wave of the Covid-19 pandemic in its main markets. ...

  • l.k. Bennett
    Article

    L.K. Bennett plans to close stores, axe jobs

    2020-11-13T15:49:00Z

    Upmarket British retailer L.K. Bennett plans to close up to five stores and move its remaining shops to turnover-based rents under a proposed company voluntary arrangement (CVA). The plan will lead to a small number of job losses as the company tries to mitigate the financial impact of ...

  • Salvatore Ferragamo
    Article

    Ferragamo books strong sales growth in China

    2020-11-12T16:56:00Z

    Salvatore Ferragamo enjoyed very strong growth in China during the third quarter and in October. At constant-currency rates, retail sales in the Asian country surged by 38.3 percent year-on-year during the quarter and further accelerated in October. The Italian fashion company also posted “solid” retail sales growth in South ...

  • Goertz image
    Article

    Görtz makes its CEO a shareholder, hires a new CFO

    2020-11-12T16:54:00Z

    The German footwear chain Görtz is opening its capital to its top manager as it undergoes a management shake-up and further advances its multichannel strategy by pushing its online presence. The chief executive, Frank Revermann , who has served in this position since the end of 2015, will ...