News
The North Face commits 1 million US dollars to Covid-19 efforts
The company is joining the fight against Covid-19 pandemic with the donation of 1 million US dollars through its social advocacy platform. North Face is also donating 60 000 gloves
Nike turns Nike Air into PPE
The sportswear giant has teamed up with the Oregon Health & Science University (OHSU) to come up with Personal Protective Equipment in the form of full-face shields and powered air-purifying respirator (PAPR) lenses
Brazil: 86% of the Brazilian footwear factories are paralyzed
The South American country has almost 29 thousand reported cases of Covid-19 and more than 1 700 deaths. Most of the footwear factories have stopped operations
BASF donates over 100 million protective masks
As part of BASF’s “Helping Hands” campaign in the fight against the coronavirus pandemic, the company is donating 100 million protective masks to the Federal Republic of Germany
John P. Bilbrey joins Tapestry Board of Directors
The New York-based house of modern luxury accessories and lifestyle brands announced that John P. (J.P.) Bilbrey has been appointed to Tapestry’s Board of Directors, bringing the membership to eight
Caleres expands liquidity position
The St. Louis-based company has exercised a portion of the accordion feature on its asset-based revolving credit facility, which increased the available borrowing capacity under the facility to a total of 600 million US dollars
Italy: entire footwear supply chain in lockdown
The spread of Covid-19 has been particularly severe in Italy, where the sanitary crisis is now paired with a lockdown of most productive activities. The footwear industry is no exception
Hermès: one China store with 2.7 million US dollars sales in one day
WWD is reporting that Hermès China's second-largest Guangzhou flagship has registered 2.7 million US dollars in sales on the reopening day
Pou Chen: Vietnam operations suspended for two days
The world’s largest manufacturer of athletic shoes, has been ordered to suspend production at its Pouyuen Vietnam business over Covid-19 concerns
Tapestry stores continue closed in many locations but China re-opened
Tapestry has extended store closures in North America and Europe for an additional two weeks (through the 24th of April). Stores in China have re-opened
Sports footwear sales down by 75% in the US
According to NPD Group’s weekly retail tracking service in the 5th week of March the drop in sports footwear sales reached 75%, in line with the previous week decline
PVH completes sale of Speedo North America
PVH announced the completion of the sale of its Speedo North America business to Pentland Group, parent company of the Speedo brand, for 170 million US dollars in cash
Footwear consumption to decline 22.5% in 2020
The World Footwear' experts panel, gathering specialists from all over the world, is foreseeing a drop in global footwear consumption of 22.5% in the current year
Covid-19: level of disruption rises in Vietnam
The country has less than 300 reported cases and no deaths resulting from Covid-19 but the impacts in the footwear industry are noticeable, and Intensive Social Distancing is currently in place
Growing concerns in Poland due to Covid-19 impacts
The country has more than 6 600 cases of people infected with Covid-19 and little more than 230 deaths. While no formal lock down of the productive activities is in place the disruption is growing
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