World Footwear

Companies

Could Covid-19 be a turning point in geopolitics?

May 12, 2020 / Coronavirus - Covid19
A recent report by The Economist Intelligence Unit reflects on how the Covid-19 pandemic can influence the balance of power and change geopolitics

Genesco: phased store reopening in place

May 11, 2020 / United States
The Nashville-based company provided details on its store reopening plans in response to the Covid-19 pandemic driven closures

Stella's revenue down by 16% in quarter one

May 11, 2020 / Hong Kong
One of the largest footwear manufacturers reported first quarter revenue down by 16%. Stella was also impacted by the outbreak of the Covid-19 in China and diffusion across the world

Aldo asks for creditors' protection

May 11, 2020 / Canada
The Canada-based group, created in 1972, requested a creditors' agreement at the Quebec Superior Court. The same procedure was initiated in the United States and Switzerland might follow

US: athletic footwear hit hard by Covid-19

May 8, 2020 / United States
In its analysis of the first quarter of the year NPD confirm the expectations: Covid-19 has had significant impact across US athletic footwear and activewear businesses

Covid-19 puts US unemployment rate over 14%

May 8, 2020 / United States
According to the US Department of Labour 20 million Americans lost their jobs in April in what is the worst month since the Great Depression

Wock's solidarity initiative

May 8, 2020 / Portugal
Under the motto We are for you (Somos por ti in Portuguese), professional footwear company Wock has joined the efforts to fight the Covid-19 impacts and will donate 3000 pairs of shoes to healthcare professionals

Puma focuses on survival and recovery

May 8, 2020 / Germany
The sportswear brand is working with 3 phases - Survive, Recover, Grow Again - as it deals with the impacts of Covid-19. First quarter sales declined by 1.3%, but in the current quarter revenue is at 50% normal level

Germany: postponing season timings for footwear and leather goods

May 7, 2020 / Germany
The HDS/L and buying groups SABU and ANWR issued a joint declaration recommending postponing the season timings in footwear and leather goods sector to help minimise the impact of Covid-19 closures

Nordstrom to close 16 stores as it restructures the business

May 6, 2020 / United States
As the company prepares to re-open ist stores, as Covid-19 restrictive measures start to be alleviated, Nordstrom has announced it plans to permanently close 16 full-line stores

Re-opening the economies after Covid-19

May 5, 2020 / Coronavirus - Covid19
As many countries start to alleviate the restrictive measures of the last weeks and re-open their economic activities, several concerns fill everyone's thoughts, as we all witness changes in retail, manufacturing, and consumption

Burberry says it will not apply for British state crisis money to pay salaries

May 5, 2020 / United Kingdom
With the UK under lockdown given the Covid-19 pandemic, many companies have taken advantage of the state job retention scheme. Burberry has said it won't take any of this cash

J.Crew files for bankruptcy protection

May 5, 2020 / United States
The multi-brand, multi-channel, specialty fashion retailer J. Crew became the first major US retailer to file for bankruptcy protection in the middle of the coronavirus outbreak

Footwear consumption to decline 22.5% in 2020 as supply chain gets re-organised

Premium ContentMay 4, 2020 / Business Conditions Survey
The World Footwear' experts panel is foreseeing a drop in global footwear consumption of 22.5% in the current year. Read the main conclusions on the impacts of Covid-19 in the footwear industry

Survey reveals that US consumers feel least safe in shopping malls

May 4, 2020 / United States
A recent study by First Insight unveils consumer sentiment around feelings of safety when visiting several store format and environments
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