Companies
Good momentum for fitness at home
The home fitness trend is one of the biggest to emerge from the COVID-19 crisis. According to the NPD Group, in the seven weeks between the 15th of March and the 2nd of May, US home fitness equipment sales grew by 175%
Steve Madden with 17.5 million US dollars loss in first quarter
The US-based footwear brand Steven Madden reported a first-quarter loss of 17.5 million US dollars, after reporting a profit in the same period a year earlier. The company has felt the hit of the Covid-19 pandemic
New President for Keds
Bornie Del Priore is taking the reins of Keds, one of the brands of the Wolverine’s portfolio. She has more than two decades of global footwear industry experience
Under Armour with phased store re-opening in North America
The company reopened its first US stores to customers on the 15th of May and opened additional stores last week. By today Under Armour will have welcomed customers back to nearly 50% of its North America stores
Shoe Carnival: sales go down by 41.9% in quarter one
The Evansville-based retailer reported results for the first quarter ended on the 2nd May 2020 marked by a decline in sales of 41.9%, resulting mainly from all stores being closed for approximately 50% of que quarter
Capri gives update regarding phased reopening of global stores
After taking the hit of the diffusion of Covid-19 and having most stores closed across the world, Capri now has slightly more than half of the company’s global retail fleet of stores open
Burberry: sales decline by 27% in the last quarter
The British-based luxury fashion house was heavily impacted by the COVID-19 pandemic, with 60% of stores closed by the end of March. In the fourth quarter sales declined by 27%
JCPenney to close 242 locations
According to a filing with the Securities and Exchanges Commission, retailer J.C. Penney, which recently filed for bankruptcy protection, plans to close more than 200 locations
Visa: digital acceleration in Covid-19 era
According to Visa's Chief Product Officer 13 million people in Latin America made their first-ever online purchase in March quarter. An increase in digital commerce spending was registered in the US
Mexico: 80% of footwear companies lost more than 51% revenue
As footwear is not considered an essential sector, the industry is living with the suspension of activities and facing cancellations of purchase orders, liquidity issues and reduction in demand
Tod's with 29.4% drop in sales
The Italian-based luxury group had a strong start of the year, until the outbreak of the pandemic. Group sales totaled 152.8 million euros in quarter one, down by 29.4% in the first quarter of 2019
Aldo to close Irish business
The news platform The Times is reporting that retailer Aldo is retrieving from Ireland. The footwear retailer has filed for bankruptcy protection in Canada, the US and Switzerland to restructure the business
Johnsons Shoes Company enters administration
The retailer, which operates under the brands Johnsons Shoes and Bowleys Fine Shoes, has entered administration after suffering the impact of the Coronavirus pandemic. CVR Global were appointed as administrators
Clarks to cut 900 jobs globally
The British-based shoemaker has announced it will reduce its workforce by 900 over the next 18 months. The company which was already experiencing some issues took the hit of Covid-19
Overcube triples turnover in 2019
The online platform, part of the Kyaia group, was launched in 2018. Two years later, the Kyaia group's online sales platform already has 40 000 customers and turnover almost tripled in 2019, reaching 3.250 million-
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