Boohoo appoints independent supervisor to monitor supply chain changes
Boohoo has appointed Brian Leveson, a retired senior judge, to provide independent oversight of its Agenda for Change program, launched to deliver “long-lasting and meaningful change” to its supply chain and its business practices.
Shoe Zone sales take £12 million hit with 2nd lockdown in England
Shoe Zone warned that the second Covid-19 related lockdown in England has trimmed its revenues by at least £12 million (€13.4m-$16.0m) compared with the previous year despite “good gains” in digital sales.
Micam to be held on March 21-23
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.
Legero obtains top certification for environmentally-friendly new headquarters
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 low CO2 footprint - around 28 ...
British delivery service fears uncontrollable Black Friday
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 £5.55bn (€6.2bn-$7.4bn) on Black Friday-Cyber ...
Russian Post will deliver abroad goods bought on Wildberries
Russian Post has inked a contract under which the state-owned mail operator will deliver goods purchased on Wildberries’ online store to customers outside of Russia.
A quarter of European firms need support or face a cash shortage in 2021
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.
GMS affiliates suffer sales decline but outperform other German retailers
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.
Clarks’ CVA gets green light amid landlord fury over rent write-offs
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.
Teva collaborates with Chrishabana
Teva’s spring/summer 2021 collection will include a footwear line designed in collaboration with Chrishabana, a jeweler in New York City. Called Heavy Metals, the line comprises four revisions – with barbell piercings and pearls – of Teva’s Universal Sandals and is to celebrate trans people and BIPOC (black, indigenous, people ...
Copenhagen lauches B2B site
The German brand Copenhagen Studios said that it has launched a B2B site to respond to growing demand from buyers. The brand has more than 650 resellers. The new service enables single-pair orders and delivery time varies from 24 to 72 hours.
Ugg opens new flagship in New York
Ugg, the Southern Californian lifestyle brand part of Deckers, opened a new flagship at 530 Fifth Avenue in New York City. The multi-level 12,842 square foot store marks a new concept and offers an expansive collection of footwear, ready-to-wear, accessories and home products. The brand plans to roll out a ...
Permira reportedly hires advisors for Dr. Martens’ IPO
The private equity company Permira has hired Goldman Sachs and Morgan Stanley to organize a possible initial public offering of Dr. Martens, according to media reports.
Global luxury footwear sales seen up by 14% in 2021
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.
Britons started Christmas shopping in October
Britons started their Christmas shopping early this year, according to data released by the Office for National Statistics (ONS).
Shoepassion launches special 10-year anniversary collection on Kickstarter
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.
Lower sales for Caleres, but results top expectations
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.
Vulcabras’ women’s shoe sales drop as the company focuses on sports
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 to ...
Shoe Carnival delivers its most profitable quarter
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.
Wellness, sustainability, localism, online interaction are growing trends with Covid
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 on Nov. ...