Companies
How Covid-19 is impacting the Asian countries
Over the last few days, we have all received reports of retail closures and limitations on the manufacturing activity from all over the world. Today we bring you updates from the situation in the Asian countries
Capri issues statement regarding Covid-19
Given the global diffusion of the Covid-19 Capri, the owner of Jimmy Choo, Versace and Michael Kors, made an announcement to the markets. The company will provide updates later regarding the impact of the pandemic
Caleres sales up by 3.1%
Despite the decline in consolidated sales in the fourth quarter (-3.0%), Caleres closed the year with a 3.1% increase in consolidated sales
LVMH changes production from perfumes to hand sanitizer
The French-based luxury giant announced its production facilities for the cosmetics branch will start to manufacture large quantities of hydro-alcoholic gel
Shoe Zone announces deferral of dividend payment
The company is planning to cancel its final dividend payment after witnessing a drop in footfall as a result of the Covid-19 pandemic
Portuguese Footwear Industry promotes Immersive Factory Visits
Join the "Sexiest industry in Europe” and get involved with different shoe manufacturing techniques. All delivered during a week spent in one of the must visit cities in Europe: Porto
Nike closes several stores temporarily
The giant sportswear brand decided to close stores in several countries, including in the United States, Canada, Western Europe, Australia and New Zealand to limit the spread of the coronavirus
Under Armour is temporarily closing North American stores
The Baltimore-based company has announced they will close all stores in North America from the 16th of March through the 28th of March 2020
New Balance: closures across office, factory and retail
In a statement issued by the company, Joe Preston, President and Chief Executive Officer, announced a series of measures to ensure the health of associates, customers, and communities
CEO Jide Zeitlin commits to lead Tapestry
The Chairman and Chief Executive Officer of the group has committed to continue leading Tapestry for the next three years as the group defines and implements its multi-year growth agenda
Puma says short-term normalization will not occur
The Germany-based sportswear no longer expects a short-term normalization of the Covid-19 situation despite first encouraging signs coming out of China
Dick's Sporting Goods with increasing sales
The US-based retail chain has announced an increase in sales in the last fiscal year (+3.7%). Dick's remains enthusiastic about the business in 2019 balancing it with a degree of caution over the coronavirus
Lower sales of the German footwear manufacturers
During Gallery Shoes, the Federal Association of the German Footwear and Leather Goods Industry held its Press Conference to give an update about the German footwear industry
FDRA asks for a freeze on shoe duties
Footwear Distributors and Retailers of America (FDRA), the footwear industry’s business and trade association, sent a letter to the White House applauding the proposed payroll tax cut but also encouraging a freeze on footwear duties
Germany with higher foreign trade in 2019
During Gallery Shoes, the Federal Association of the German Footwear and Leather Goods Industry held its Press Conference to give an update about the German footwear industry-
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