Latest Headlines

  • Wortmann_Future_driver_digital_fairs
    Article

    ​Wortmann to hold another home-made digital event for its brands

    2020-07-13T07:01:00Z

    The Wortmann Group is embracing the opportunities offered by internet to hold its own digital trade shows. But, it has also decided to increase its digital presence by taking part for the first time in an online trade show for the textile industry.

  • Micam Americas logo
    Article

    Micam Americas September edition cancelled

    2020-07-12T16:26:00Z

    The British trade fair organizer Informa Markets has cancelled the fashion trade show Magic , which includes the footwear show Micam Americas , scheduled to run from Sept. 30 to Oct. 2 at the Las Vegas Convention Center due to health, safety and travel concerns related to the Covid-19 pandemic. ...

  • Italian flag
    Article

    Italian shoe exports down by 9.2% in value in Q1

    2020-07-09T18:36:00Z

    Italian shoe exports fell by 9.2 percent year-on-year in value to €2.43 billion in the first quarter of 2020, and by 14.7 percent in volume to 52.7 million pairs as the industry was affected by the Covid-19 pandemic, according to data released by the footwear association Assocalzaturifici . In ...

  • Russian flag
    Article

    Mandatory tagging of footwear is finally introduced in Russia

    2020-07-08T05:56:00Z

    After several delays and despite the continuing protests of some market participants, the Russian government has introduced a mandatory tagging of footwear on the domestic market from July 1. Now, all shoes not featuring Data Matrix tags will be illegal. The government estimates that this measure will wipe out counterfeit ...

  • CCC logo
    Article

    ​CCC online sales nearly match physical store sales in Q2

    2020-07-08T05:55:00Z

    In the second quarter, CCC , the international Polish-based shoe manufacturer and retailer, saw its online sales nearly match those posted by its physical stores due to the impact of the Covid-19 pandemic and the subsequent lockdowns. Nevertheless, the surge of the e-commerce business did not fully offset the slump ...

  • Inventory
    Article

    ​How are retailers managing excess stock in Covid-19 times?

    2020-07-07T06:12:00Z

    Managing stock has always been a tricky part of any business. But it becomes even more so when demand evaporates overnight as occurred with the outbreak of the Covid-19 pandemic and the subsequent lockdowns worldwide, prompting manufacturers and retailers to be nimble and explore various different solutions.

  • Nike-Logo-220px
    Article

    Nike, Zara, Adidas are the most valuable fashion brands

    2020-07-06T14:03:00Z

    Nike takes the top spot among fashion brands in the top 100 of the BrandZ ranking of the world’s most valuable brands, released by WPP and Kantar. It is followed by two European brands, Zara and Adidas . Nike managed to improve its valuation by 5 percent ...

  • Sellpy logo
    Article

    H&M unit Sellpy launches in Germany

    2020-07-06T07:27:00Z

    Sellpy , the Swedish online second-hand retailing service owned at about 70 percent by H M , is being launched in Germany, marking its first move outside its domestic market. In a joint statement, the companies indicated that sustainable consumption and a circular textile economy are an integral part ...

  • Jimmy Choo logo
    Article

    Jimmy Choo impairment weighs on Capri’s Q4 results

    2020-07-04T16:03:00Z

    The U.S. fashion group Capri Holdings , that owns Jimmy Choo , Michael Kors and Versace , posted a net loss of $551 million in the fourth fiscal quarter ended on March 28 compared to a net income of $19 million in the prior year. The bottom line was ...

  • shopping center
    Article

    Covid-19 spurs rent renegotiations, partnerships

    2020-07-03T09:07:00Z

    Retailers from Europe to the U.S. have sought rent relief as they reel from Covid-19 shutdowns and reopen stores faced with higher costs to meet health and safety requirements and uncertain sales prospects. Although some landlords have taken a hard line, many are trying to help keep retail tenants afloat ...

  • Nice Footwear logo
    Article

    Nice Footwear issues €3 million in bonds to finance its development

    2020-07-03T06:14:00Z

    Nice Footwear is launching a €3 million bond with an annual interest rate of 4.375 percent and a six-year maturity. The bonds, which have a face value of €100,000 each, will be traded on the Milan stock exchange. Under the terms of the transaction, the Italian company has the ...

  • Article

    CTC boosts the support scheme for its members

    2020-07-02T17:08:00Z

    The Centre Technique du Cuir (CTC) , the French-based research and training group that redistributes funds collected among its members to support the national leather industry, has announced a three-fold plan of exceptional measures for this year, in order to assist its members in the post-coronavirus period. A new ...

  • Micam
    Article

    Micam launches an all-year round “augmented” digital fair

    2020-07-01T14:30:00Z

    Micam has joined forces with the Los Angeles-based wholesale e-commerce platform NuOrder to launch Micam Milano Digital Show , which it describes as an “augmented trade fair” to be held all-year round. In May, Micam had announced that it was negotiating a commercial agreement with a leading ...

  • Article

    FFANY to move under FDRA umbrella

    2020-07-01T06:49:00Z

    The Fashion Footwear Association of New York (FFANY) is set to come under the umbrella of the Footwear Distributors and Retailers of America (FDRA) effective Oct. 1 after the end of FFANY’s current fiscal year. John Heron , the executive director of FFANY, says the long-discussed merger ...

  • Article

    Belarus footwear market heavily hit by coronavirus

    2020-06-30T09:16:00Z

    Footwear companies in Belarus are experiencing a decline in domestic and foreign sales due to the Covid-19 pandemic, said Belarus’s deputy prime minister, Yuri Nazarov , during a press conference on June 23. Even market leaders such as Belwest and Marko , which have their own production facilities, ...

  • Article

    André’s former head makes partial takeover offer

    2020-06-29T15:17:00Z

    A Grenoble-based commercial court is expected to decide on July 24 on the future of the footwear chain André , which is currently in receivership. It filed for bankruptcy on March 23 after its owner Spartoo was unable to obtain sufficient financing to continue the business. André was ...

  • Screen Shot 2020-06-28 at 5.32.00 PM
    Article

    One thing is growing faster than online fashion sales: digital CMR

    2020-06-29T05:59:00Z

    The Covid-19 pandemic has truly changed the rules of the fashion retail game, accelerating some trends that were already developing and leading to completely new scenarios that are testing the strengths of even the strongest brands. Digitilization is a major force in this scenario, but it is not growing fastest ...

  • Article

    Italian components group Margot looks to grow

    2020-06-28T14:12:00Z

    Margot, an Italian group that makes metallic components for luxury leather goods, shoes and eyewear that is controlled by the private equity Mandarin Capital Partners , is looking to expand with an acquisition in the third or fourth quarter of this year, says Andrea Tuccio , a partner with Mandarin. ...

  • jb martin
    Article

    JB Martin closes its doors

    2020-06-25T12:56:00Z

    JB Martin , a well-known French shoe company, has ceased all activities. The shoe brand was liquidated by the Paris Commercial Court on June 2. After several years of difficulties, Covid-19 was the last straw. Two weeks after the announcement of the receivership, the 125 employees of JB Martin ...

  • Shoe Zone logo
    Article

    Shoe Zone has reopened 416 stores out of 470

    2020-06-24T10:22:00Z

    The British footwear retailer Shoe Zone has reopened most of its store network, which is exiting the lockdown streamlined, as the company decided to permanently close 20 locations. Meanwhile, online sales were up by 32 percent in the fiscal first half.