All Italy articles – Page 2
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ArticleItalian footwear sales slow down due to war in Ukraine
Revenues of Italian footwear manufacturers are estimated to have risen by 8.1 percent in the first half of 2022 following a sharp slowdown in sales during the second quarter due to Russia’s invasion of Ukraine on Feb. 24. According to a survey carried out by Confindustria Moda’s research center among ...
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Italy fashion sector revenues up by 19.3% in Q1
Revenues in Italy’s fashion sector in the first quarter of 2022 increased by 19.3 percent compared to the year earlier, above expectations of 14 percent growth, according to data from the research office of the trade association Confindustria Moda. In the same period, orders in the fashion sector were 15 ...
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ArticleItalian footwear industry revenues rise more than expected in 2021
Revenues of Italian footwear manufacturers rose by 18.7 percent in 2021 to €12.7 billion, according to an estimate made by Confindustria Moda’s research center. The estimate is above a prior forecast of a 16.2 percent rise for 2021, but remains 11 percent below the revenues achieved in 2019, the last ...
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Amazon fined €1.129bn in Italy
The Italian fair trade agency, AGCM, has fined U.S. online retailer Amazon €1.129 billion for abuse of dominant position in order fulfilment. The regulator fined the companies Amazon Europe Core, Amazon Services Europe, Amazon EU, Amazon Italia Services and Amazon Italia Logistica. It noted that Amazon has a position of ...
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ArticleEurope, U.S. reach a deal defusing their trade dispute
The U.K., France, Italy, Spain, Austria and the U.S. have reached an agreement under which the European countries will drop their national digital services taxes as they prepare to implement a new global corporate tax defined through the Organisation for Economic Co-operation and Development (OECD). A two-year transition period for ...
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Article
Marche region to receive €1.1bn in aid
The Chamber of Commerce of the Marche region organized a conference at the Micam trade show where it revealed that the regional and Italian government have allocated an aid package of around €1.1 billion to support the footwear sector and other industries in the region over the next seven years. ...
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ArticleItalian footwear output rises 12.9% in H1
Italian footwear production rose by 12.9 percent in the first half of 2021 against the same period in 2020, when the industry was affected by the outbreak of the Covid-19 pandemic. But, output remained 26.3 percent below the level seen in the first half of 2019, according to data from ...
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News briefs
Italy to receive €25 bn from EU by early Aug
At the end of July or early August, Italy will receive a first instalment of about €25 billion from the European Commission as part of the Next Generation EU program, according to the Italian economy minister Daniele Franco . The monies are part of a stimulus package financed by ...
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ArticleItalian footwear production down 6.4% in Q1
Despite a 47.9 percent year-on-year surge in output in the month of March, Italian footwear production fell by 6.4 percent in the first quarter compared with the previous year as the industry continued to be affected by the impact of the Covid-19 pandemic. The decline reached 29.9 percent when compared ...
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News briefs
StockX probed by Italian competition authority
Italy’s competition regulator, AGCM , is investigating StockX – the U.S.-based online market for sneakers, streetwear, collectibles and other items – over various aspects of its service, among them allegedly misleading pricing. AGCM said that it is concerned by the “total absence” during the purchasing process of the identity ...
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News briefs
Italy to reopen trade shows as soon as June 15
On April 21, the Italian cabinet approved to reopen trade shows from June 15 and conventions and congresses from July 1, after having been suspended due to the Covid-19 pandemic. The reopening of trade fairs could occur sooner than previously announced. Initially, the Industry Minister Giancarlo Giorgetti had ...
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Italy expects to restart trade fairs from July
Italy’s Industry Minister Giancarlo Giorgetti indicated that trade shows could resume in July after having been suspended due to the Covid-19 pandemic. The government has also earmarked about €400 million in grants to support the trade fair industry. However, the funds still have to be approved by parliament. ...
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Italian footwear industry beyond “critical level”
The situation of the Italian footwear industry is beyond the “critical level” because of the impact of the Covid-19 pandemic, according to Siro Badon , the chairman of the Italian footwear association Assocalzaturifici . Last year, the production of Italian shoe makers fell by 27.1 percent in volume and ...
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ArticleItalian footwear production down by a quarter in 2020
Footwear production in Italy fell by 24.6 percent in value to €6,023 million in 2020 and by 27.1 percent in volume to 130.5 million pairs due to the impact of the Covid-19 pandemic, according to preliminary data released by the Italian footwear association Assocalzaturifici . Overall revenues for the ...
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ArticleItalian shoemakers seek geographical indication protection from EU
The municipality of Monte Urano, led its mayor, Moira Canigola , is seeking to obtain geographical indication protection from the European Commission for the footwear cluster located in the Fermo-Macerata area in the Marche region. The town asked the Commission to consider widening IG protection to non-food products. ...
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ArticleItalian shoe makers hit by Christmas shopping restrictions
The Italian footwear association Assocalzaturifici warned that restrictive measures introduced over the Christmas shopping period in various countries to combat the propagation of the Covid-19 virus will have “serious repercussions” on an already weakened industry. In Italy, the government had to reintroduce restrictions with the resurgence of cases and even ...
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News briefs
Italian footwear, clothing consumption decline eases
Italian footwear and clothing continued to suffer from falling consumption in June although the rate of decline eased compared to the previous two months, according to the monthly consumption indicator from Confcommercio , the Italian retail trade association. The indicator for footwear and clothing fell by 14.4 percent in ...
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ArticleItalian shoe exports down by 9.2% in value in Q1
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 March alone, ...
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Article
Italian retailers face huge downturn, slow recovery
The Italian non-food retail sector risks losing a fifth of its businesses by the end of the year and nearly half of its revenues without financial help and government support to stimulate the economy. The sector could also take more than eight years to return to pre-Covid-19 levels, according to ...
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News briefs
Ferragamo contributes to renovation of Florentine hospital
In a move intended to alleviate the healthcare problems caused by Covid-19, Salvatore Ferragamo and a Florentine foundation have financed the renovation of two wards of a disused hospital in Florence, I Fraticini, which now has 60 beds for patients recovering from the novel coronavirus or who need to ...
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