Companies
Online sales deliver more than 40% of Wolverine’s revenue
The Michigan-based company said owned e-commerce grew by more than 90% in the first nine weeks of the second quarter of fiscal 2020, delivering more than 40% of Wolverine's revenue, a better-than-expected performance
Portuguese Footwear Cluster: meet the components industry
They live ahead of their time, anticipating market trends, studying market behaviours, and searching to learn the consumers’ latest interests. This is the rhythm of the entrepreneurs within the components and tannery industries in Portugal
Mulberry to reduce 25% of global workforce
The British-based luxury brand is planning to cut 25% of its global workforce to reduce costs as sales take the hit of the coronavirus pandemic, The Guardian is reporting
LVMH will not renegotiate the Tiffany's deal for now
The French luxury goods giant is not expecting to renegotiate the 16.2 billion US dollars acquisition deal of US-based jewellery chain Tiffany & Co after deliberations on the matter, Reuters is reporting
Caleres with loss of 345.8 million dollars
The US-based retailer presented first quarter results for the period ended on the 2nd of May, with net sales declining by 42%. Caleres had a loss of 345.8 million dollars in the period
Timberland & Savory Institute partner to build regenerative leather supply chain
Next Fall Timberland will launch a collection of boots made with leather from verified regenerative ranches sourced through Savory's Minnesota Hub, Thousand Hills Lifetime Grazed
Brazil: Covid-19 pandemic shrinks footwear exports
The Brazilian Footwear Industries Association (Abicalçados) believes the COVID-19 pandemic played an essential role in the decline registered in footwear exports during the first four months of the year
adidas: business in China returns to growth
In Greater China, adidas' first major market on the road to recovery, all stores have been open since mid-April. While store traffic remained below the prior year level in May, sales returned to growth
VF’s CEO sends memo to employees comparing racism to virus
In a letter sent to all employees entitled “Racism is another virus to eradicate” VF Chairman, President and CEO Steve Rendle compared racism to the coronavirus pandemic
Don't do it campaign by Nike
The sportswear giant took a stand against racism with the Don't do it campaign, a twist in its famous catchy phrase, Just do it, as protests against police brutality spread across the US
China: Jimmy Choo returns to last year sales levels
In a statement giving an updated on the phased reopening of their global stores network, Capri Holdings, the owner of the Jimmy Choo, said sales levels of the brand are returning to normal in China
We must start again all in it together, says Micam's CEO
We spoke with Tommaso Cancellara CEO of Micam and General Manager of the Italian Footwear Association to learn all the bits and pieces about the next September's edition of the trade fair
Deckers: sales up by 5.6% in last FY despite drop in the last quarter
US-based footwear group Deckers has reported net sales of 2.1 billion US dollars in the last financial year, with a 5.6% increase in sales, despite the decline of 4.9% in the last quarter
Zalando is expecting 2020 revenue to be up by 10%-20%
The online platform issued a new full-year guidance considering the impact of the Covid-19 pandemic and says it expects gross merchandise volume (GMV) and revenues to grow by 10%-20%-
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