Welcome to the ILM Covid-19 hub

These are unprecedented times with an ever evolving and rapidly changing news landscape, which is why we have created a dedicated 'Covid-19 hub' where we gather all relevant news stories, updates, expert opinions and other relevant content in one easy to view place.

Stay informed and connected through expert, authoritative journalism from ILM's experienced editorial team and high-profile contributors. To subscribe to premium content please click here.

Over to you

In order to give an accurate and diverse overview of how the Coronavirus crisis is affecting the global leather industry, we want to hear from you. What impact is the situation having on your business? What measures are you putting in place to mitigate long-term effects? Has something positive come out of this situation? Please share your views, news and opinions by emailing isabella@edifydigitalmedia.com. Be part of the conversation.

Stella International’s revenue decline 23.3% in third quarter

Hong Kong
Published:  22 October, 2020

The Hong Kong manufacturer and retailer of footwear and leather goods products reported revenue down 23.3% for the third quarter ended September 30, 2020.

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Over half of U.S. consumers ready to spend again

United States
Published:  14 October, 2020

New research suggests that more than half of U.S. consumers are ready to begin spending again in the last quarter of the year as retailers prepare for the holiday season. 

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Porsche Cayenne

Pandemic could cost top luxury brands US$35 billion

Worldwide
Published:  14 October, 2020

A report claims that the world’s top luxury and premium brands could lose up to US$35 billion of brand value cumulatively as a result of the Covid-19 pandemic.

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Lamborghini Urus

Record September sales for Lamborghini

Worldwide
Published:  08 October, 2020

The luxury sportscar manufacturer said it has achieved a record commercial result in September, with 738 units delivered to customers, “its best September ever”.

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Credit: Couromoda

Domestic demand helps boost Brazilian footwear sector

Brazil
Published:  02 October, 2020

After generating 1,140 new jobs in July, another 6,300 jobs were created in the Brazilian footwear sector in August.

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H&M plans to close 250 stores worldwide

Worldwide
Published:  02 October, 2020

The Swedish fast-fashion retailer said the Covid-19 pandemic has led to sales moving to its online platform.

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Tanneries in Savar could set up their own ETPs

Bangladesh
Published:  30 September, 2020

Bangladesh’s government is said to be planning to authorise the tanneries at the Savar Tannery Industrial Estate (STIE) to set up their own effluent treatment plants (ETPs).

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APLF 2021 rescheduled to July 5 -7

Hong Kong
Published:  30 September, 2020

The organisers of APLF have announced that the 2021 edition of APLF-Leather, Materials+ and Fashion Access has been rescheduled from March 30 - April 1 to July 5 – 7, 2021 at the Hong Kong Convention and Exhibition Centre (HKCEC).

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CLE expects a rise in footwear exports

India
Published:  25 September, 2020

Footwear exports from India are expected to pick up once the coronavirus pandemic settles down.

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Tsedenia Mekbib, Managing Director, Pittards Ethiopia receives the award from Prime Minister, Abiy Ahmed.

Pittards Ethiopia wins award for good practice

Ethiopia
Published:  25 September, 2020

The UK headquartered tanner and leather goods producer has won an award instituted by the Ethiopian Ministry of Revenue in 2019, which highlights good practice and loyalty in tax payment.

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Covid travel restrictions lower attendance for Lineapelle – A New Point of View

Italy
Published:  24 September, 2020

The event was held September 22 – 23 in pavilions 5 and 7 of the FieraMilano Rho.

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Prada’s sales in China above 2019 levels

China
Published:  23 September, 2020

Since the reopening of the shops in China, sales of the Italian luxury fashion brand have surpassed the figures recorded in 2019, according to international news organisation Reuters.

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Higher demand for industrial leather gloves

India
Published:  23 September, 2020

Several leather goods manufacturers specialised in the production and export of leather wallets and bags are reported to be turning to the production of industrial safety gloves.

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FCA and Groupe PSA revise merger agreement

Worldwide
Published:  22 September, 2020

The automotive manufacturers said they have agreed the amendments in order to address the liquidity impact on the automotive industry of the Covid-19 pandemic.

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Roberto Cavalli CEO to step down

Italy
Published:  22 September, 2020

Gian Giacomo Ferraris is to step down from his role as Chief Executive of the luxury Italian brand at the end of 2020.

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Crocs expects flat revenue in 2020

Worldwide
Published:  16 September, 2020

Revenues for the U.S. headquartered footwear manufacturer totalled US$331.5 million in the second quarter of the year, a 7.6% decline compared with the same quarter in 2019.

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Pandemic creates opportunity to develop sustainable footwear

Portugal
Published:  11 September, 2020

Luís Onofre, President of the Portuguese Footwear, Components, Leather Goods Manufacturers’ Association (APICCAPS) and of the European Confederation of the Footwear Industry (CEC) said the industry needs to reinvent ways to keep itself “alive and healthy”.

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Tod’s leather goods sales more than halve in first half

Worldwide
Published:  10 September, 2020

Consolidated sales for the Tod’s Group in the first half of 2020 totalled €256.9 million, down 43.5% from the corresponding period in 2019.

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Genesco’s net sales down 20% in fiscal second quarter

Worldwide
Published:  09 September, 2020

The U.S. headquartered retailer of branded footwear and accessories has reported net sales down 20%, year-on-year, to US$391 million, with stores open about 70% of days.

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Final stage of “Real Leather. Stay different” competition in Italy

Italy
Published:  09 September, 2020

The competition finalists have been chosen by a jury composed of professors and experts. They are now tasked with giving form and substance to their creativity by using Italian leather.

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U.S. footwear retail chain posts record Q2 net sales

United States
Published:  07 September, 2020

Shoe Carnival, a U.S. based retailer of moderately priced footwear and accessories, posted US$300.8 million in net sales for the second quarter and six months ended August 1, 2020, representing an all-time quarterly record.

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Lineapelle – A New Point of View to go ahead as planned

Italy
Published:  04 September, 2020

The event is scheduled to take place September 22 – 23 at Fieramilano Rho in Milan, parallel to the Micam, Mipel, The One and Homi - Fashion & Jewels trade shows.

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Mini to cut hundreds of jobs at Oxford plant

United Kingdom
Published:  27 August, 2020

Around 400 agency personnel onsite risk losing their jobs due to a fall in demand, according to the BMW Group.

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Première Vision Leather February 2020

Première Vision Leather goes digital

France
Published:  27 August, 2020

The upcoming physical edition of Première Vision Paris (PVP), which includes Première Vision Leather (PVL), will now be held in a digital format on the same scheduled dates, September 15 – 16.

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Louis Vuitton's men's spring 2021

Louis Vuitton sales rebound in China

China
Published:  26 August, 2020

The French luxury label’s largest flagship store in China, in Shanghai Plaza 66, will reportedly double its typical monthly sales in August.

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Credit: Pittards

UK finished leather exports decline 50%

United Kingdom
Published:  26 August, 2020

UK exports of raw materials and leather fell 39.5% in the first half of 2020, year-on-year, with exports of finished leather showing the largest fall, down 50%.

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China’s beef imports to reach high levels in 2021

China
Published:  26 August, 2020

Despite Covid-19 disrupting China’s beef imports in 2020 and creating uncertainty for beef imports in the near future, these imports are forecast to reach a record 2.7 million tonnes in 2021, up 4% over 2020, but lower than previously forecast due to the domestic economic slowdown as a result of the pandemic.

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New Hilux with two-tone leather seat

Toyota posts smallest quarterly profit in nine years

Worldwide
Published:  25 August, 2020

For the three months ended June 30, 2020, operating profit for the Japanese carmaker declined 98% to JPY13.9 billion (US$131.73 million).

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Geox to reduce supplier purchase by €40 million

Worldwide
Published:  24 August, 2020

The Italian footwear and apparel manufacturer, which reported sales down €243.6 million (-39%) for the first half of 2020, said it is working closely with its suppliers to reduce purchases for the upcoming autumn-winter collection.

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Jaguar Land Rover retail sales down 42.4%

Worldwide
Published:  24 August, 2020

The premium automotive manufacturer said the Covid-19 pandemic continued to impact the business significantly in the first quarter of the company’s fiscal 2020/21, with retail sales down 42.4% year-on-year.

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Concerns over BMW’s Chinese partner increasing debts

China
Published:  21 August, 2020

Brilliance Auto Group Holdings, the parent company of BMW's joint venture partner in China, is reportedly facing worsening investor anxiety, as BMW has concerns about the state-owned company's capacity to erase its debt load as the Covid-19 pandemic weighs on profits.

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Vietnam optimistic for leather and footwear sector rebound

Vietnam
Published:  21 August, 2020

Data from Vietnam’s Ministry of Industry and Trade (MoIT) revealed that the national production of leather and related products declined 4.2%, year-on-year, in the first seven months of 2020, but the sector remains optimistic for the months to come, particularly due to the EU - Vietnam Free Trade Agreement (EVFTA).

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Payless to open hundreds of stores across the U.S.

United States
Published:  21 August, 2020

U.S. discount footwear chain, Payless, is to reportedly planning to open between 300 to 500 standalone stores over the next five years.

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Cartier's prices for watches could increase 2%

Asia
Published:  21 August, 2020

The French luxury label is to raise the prices of its products in Asia, starting September 1, it is claimed.

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APLF onsite events go digital during pandemic

Worldwide
Published:  20 August, 2020

Since April this year, the organisers of the Asia Pacific Leather Fair (APLF) put in place 14 hours of webinars, and invited experts on production, sustainability, business, retailing, sourcing and trends to share their expertise and experience with the leather and fashion industries.

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Credit: Asiatan

Tanners continue to reduce industry show and event attendance in 2020

Worldwide
Published:  20 August, 2020

In mid-July 2020, ILM invited tanners from across the world to take part in its annual Business Confidence Survey to evaluate the current business climate and trading conditions, and to gain valuable insights into the key issues tanners are facing. The full results have now been published on the ILM website and they underline caution being taken by tanners to attend any live industry trade shows and events for the remainder of 2020. 

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Yue Yuen revenue down 19.4% in first half

Hong Kong
Published:  19 August, 2020

For the six months ended June 30, 2020, the world’s largest manufacturer of athletic, athleisure, casual and outdoor footwear recorded revenue of US$4,085.6 million, down 19.4% year-on-year.

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Deckers Brands net sales up 2.3% in first quarter

Worldwide
Published:  19 August, 2020

The U.S. headquartered footwear and apparel manufacturer has reported net sales up 2.3% to US$283.2 million for the first quarter of the company’s fiscal 2021, ending June 30.

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Credit: LeFarc, Mexico

How confident are tanners for a post-pandemic market recovery?

Worldwide
Published:  18 August, 2020

In mid-July 2020, ILM invited tanners from across the world to take part in its annual Business Confidence Survey to evaluate the current business climate and trading conditions, and to gain valuable insights into the key issues tanners are facing. The full results have now been published on the ILM website and they make fascinating reading as the sector grapples with the fallout from the coronavirus pandemic. 

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Credit: Henan Prosper

ILM Tanner Business Confidence Survey 2020

Worldwide
Published:  18 August, 2020

In its 7th year, ILM’s exclusive Tanner Business Confidence Survey once again serves as a barometer for the industry, identifying the key challenges and opportunities of the global tanning industry. The 2020 edition take into account not only the general trading climate of the industry, but also the specific socio-economic environment amid the Covid-19 pandemic and what this means for the sector.

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Gianni Russo

Italian leather sector revenue could drop 30% in first half

Italy
Published:  18 August, 2020

The drop in revenue for Italy’s leather sector is directly related to lower consumer demand from the fashion and automotive sectors says the President of UNIC, the Italian Tanners Association.

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Tanning drums at JBS Couros in Brazil

JBS posts second-quarter net revenue up 32.9%

Brazil
Published:  18 August, 2020

The Brazilian meat packing giant’s consolidated net revenue totalled R$67.6 billion (US$12.5 billion) for the second quarter of 2020, up 32.9% year-on-year, with all business units posting revenue growth.

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Foot Locker sales up 18% for the second quarter

United States
Published:  17 August, 2020

In its latest financial update, the New York headquartered specialty athletic retailer reported comparable store sales up by approximately 18% for the second quarter.

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Amazon to use J.C. Penney and Sears stores as distribution centres

United States
Published:  17 August, 2020

E-commerce giant Amazon could use vacant J.C. Penney and Sears stores as distribution centres, according to U.S. media reports.

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Wolverine Worldwide says Q2 results exceeded expectations

Worldwide
Published:  14 August, 2020

Despite the unprecedented global market conditions and significant retail store closures due to the Covid-19 pandemic, the U.S. footwear manufacturer said its financial results for the second quarter ending June 27, 2020, significantly exceeded its expectations across every key financial metric.

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Fossil’s net sales decrease 48% in second quarter

Worldwide
Published:  14 August, 2020

Net sales for the U.S. manufacturer of watches and fashion accessories declined 48% in the second quarter ending July 4, 2020.

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Isabella Griffiths

Coronavirus disrupts a tentative recovery

First published in the March/April edition of ILM
Published:  12 August, 2020

The outbreak of the coronavirus, or Covid-19, is probably the single biggest topic of discussion in our industry right now. It was certainly on everyone’s mind at the IILF in Chennai and Lineapelle in Milan, not least due to the postponement of the APLF fair in Hong Kong, a key date on the industry calendar, from the end of March to June, which further emphasises the severity of the current situation.

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Global apparel and footwear sectors could lose US$395.6 billion in sales

Worldwide
Published:  12 August, 2020

The impact of the Covid-19 pandemic could result in the apparel and footwear sector losing US$395.6 billion in sales, representing a 19.5% decline compared with 2019.

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Nike job cuts could cost between US$200 and US$250 million

Worldwide
Published:  12 August, 2020

The global sportswear manufacturer is reportedly seeking to streamline its business to focus on digital sales.

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Volkswagen Arteon

Volkswagen Group posts loss of €1.4 billion in first half

Worldwide
Published:  12 August, 2020

The Germany headquartered automotive Group said its businesses were strongly affected by the Covid-19 pandemic in the first half of the year. Meanwhile, the Volkswagen brand has officially inaugurated a vehicle assembly facility in Accra, Ghana.

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