World Footwear

Companies

Richemont with two-digit sales drop

May 18, 2020 / Switzerland
The luxury group closed the financial year with a 2% growth in sales, but the last quarter (ended 31st March 2020) was heavily impacted by Covid-19

South Africa starts re-opening

May 15, 2020 / South Africa
The country is now on Alert Level 4 and started to alleviate some of the measures put in place in recent weeks to fight the diffusion of Covid-19 in South Africa

Wolverine: revenue declines by 16.1%

May 15, 2020 / United States
The Michigan-based group has reported financial results for the first quarter ended on the 28th of March and updated its actions related to the Covid-19 pandemic

The new normal in Malaysia

Premium ContentMay 13, 2020 / Malaysia
The country is currently under Phase 5 of its MCO (Movement Control Order) until the 9th of June. Manufacturing and retail are operational with restrictions

Covid-19: situation worsens in Chile

May 13, 2020 / Chile
The country seems to be entering in a critical stage of the diffusion of the disease. With many restrictions applied to the economy, footwear is being hit hard

Brazil: footwear industry with 28.4 thousand jobs lost

May 13, 2020 / Brazil
According to a study by Abicalçados, the Brazilian Footwear Industries Association, the diffusion of Covid-19 has heavily impacted the Brazilian footwear sector, which has already lost 28 400 jobs

Italian footwear industry with 38% drop in sales

May 13, 2020 / Italy
In the first quarter of 2020 Italian footwear companies had an average drop in sales of -38.4%. In the same period orders declined by 46.2%, according to Assocalzaturifici

Footwear back in business in Europe

Premium ContentMay 12, 2020 / Coronavirus - Covid19
As European countries face the different stages of the sanitary crisis, they are also working on the re-opening of the economies. Today we bring you updates from Italy, Spain, Germany, Belgium, France and Poland

Pakistan: footwear exports increase by 15.86%

May 12, 2020 / Pakistan
In the first nine months of the current financial year, footwear exports of Pakistan grew by 15.86%, with leather footwear being the main category and growing by 11.26% in value

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
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