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  • Primark store
    Article

    Primark faces £430m sales loss in the autumn due to Covid resurgence

    2020-12-04T17:10:00Z

    The Irish clothing retailer Primark is expected to suffer a loss of sales of some £430 million (€476.1m-$579.1m) this autumn due to the second round of local Covid-19 lockdowns, according to its parent company, Associated British Foods (ABF). The operating costs of the stores which were ...

  • genesco
    Article

    Genesco returns to profits in Q3

    2020-12-04T17:08:00Z

    Genesco delivered sales for the third quarter that exceeded expectations and returned to profits after posting losses in the second quarter. Schuh performed well, partly due to the accelerated shift to online spending, while Johnston Murphy’s business struggled. Sales for the third fiscal quarter ...

  • Expo_Riva_Schuh_Logo_w1200_h629
    Article

    Expo Riva Schuh to hold a digital edition Jan. 16-19

    2020-12-03T17:20:00Z

    Expo Riva Schuh , the leading international shoe fair for the low and medium segments of the footwear market, will hold a digital version of its winter edition from Jan. 16 to 19. The event will be held jointly with the handbag trade fair Gardabags. Dubbed as The ...

  • Material Exchange
    Article

    Material Exchange raises €5 million to accelerate growth

    2020-12-03T16:31:00Z

    Material Exchange , the Swedish online platform for the procurement of materials, raised €5 million in a funding round as it seeks to accelerate its growth plans after the “business exploded” during the Covid-19 pandemic. “The Covid-19 pandemic has accelerated the digitalization of the industry by at least five ...

  • Article

    Coronavirus plunges Leder & Schuh into the red

    2020-12-03T07:30:00Z

    The coronavirus pandemic has taken a heavy toll on Leder Schuh Group . The Austrian shoe retailer, with its Humanic and Shoe4You brands, expects losses for the full year. Results will be “clearly negative,” according to a recently filed financial statement. Earlier this year, the ...

  • ANWR
    Article

    ANWR, GKK promote a German buy-local campaign

    2020-12-02T12:54:00Z

    While physical stores are still open in Germany, with some restrictions imposed by the Covid-19 pandemic, statistics show that customer traffic has declined dramatically in city centers, threatening the survival of many retailers. As in the U.K. and other countries, many customers are preferring to order products online for the ...

  • debenhams 2
    Article

    Debenhams collapses as JD Sports terminates rescue talks

    2020-12-01T18:07:00Z

    The British department store chain Debenhams is winding down operations and closing all 124 shops with 12,000 potential job losses after JD Sports Fashion ended talks about a rescue deal. Administrators have been trying to sell the troubled 232-year-old group since April, but have admitted that the ...

  • Tony Hsieh 2
    Article

    Former Zappos head Tony Hsieh dies

    2020-11-29T16:28:00Z

    Tony Hsieh , who ran the footwear and clothing online retailer Zappos.com for about two decades, died at the age of 46 due to complications from injuries sustained in a house fire. The fire broke out on Nov. 18 in New London, Connecticut, and Hsieh died on Nov. ...

  • ILM-International-Leather-Goods-Fair
    Article

    ILM parent presents new trade fair concept to include footwear industry

    2020-11-29T14:57:00Z

    While the coronavirus pandemic has brought the trade fair industry to a standstill, with several hundreds of events in Europe hit by restrictions, postponements and cancellations, the organizers of the international leather goods fair ILM, held in Offenbach am Main, near Frankfurt, is making plans for a post-pandemic ...

  • 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 ...

  • Legero logo
    Article

    Legero obtains top certification for environmentally-friendly new headquarters

    2020-11-25T17:08:00Z

    Legero United , the Austrian-based footwear group that markets brands such as Legero, Superfit , Vios and Think , was awarded the highest certification by the Austrian Society for Sustainable Real Estate Management (ÖGNI). The company’s new headquarters in Feldkirchen, named the Legero United Campus, have a ...

  • 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 ...