Companies
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
Magic, Project and Micam Americas postponed to the end of September
Informa Markets Fashion has made the decision to postpone August’s 2020 Las Vegas marketplaces. Magic, Project and Micam Americas will now provisionally take place from the 29th of September to the 1st of October
ColombiaModa with digital edition
In July, Medellín will receive a new edition of ColombiaModa, this year in a virtual format. Through an online platform, the fair will offer retail sales and business meetings for the national and international markets
Caleres reopening strategy
Caleres began to reopen retail stores in areas where restrictions have been relaxed or lifted, and by the end of May it expects to have 435 of its locations re-open
US: slippers and work footwear outperform market patterns
According to the latest data by NPD, fashion footwear sale, in the new Covid-19 context, fashion footwear underperformed in total sales. Slippers sales doubled. Work/safety footwear with better performance
Italy enters phase 2
On Monday 18th of May stores re-opened in Italy, and some of the restrictive measures of the last weeks started to be alleviated in one of the most impacted countries by the Covid-19 pandemic-
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