News
CHIC went digital
Chic Online premiered from the 22nd to the 24th of April. The first digital edition of China's fashion and lifestyle fair registered over 1 350 exhibitors engaged in more than 100 online activities
Nordstrom to close 16 stores as it restructures the business
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
First Milano Digital Fashion Week
Camera della Moda (the Fashion Chamber in Italy) is launching its first Milano Digital Fashion Week, to run from the 14th to the 17th of July, and showcasing Spring/Summer 2021 collections
Burberry says it will not apply for British state crisis money to pay salaries
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
Re-opening the economies after Covid-19
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
J.Crew files for bankruptcy protection
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
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
A recent study by First Insight unveils consumer sentiment around feelings of safety when visiting several store format and environments
Shoe Carnival initiates store re-openings
Last Friday the company re-opened 122 stores in states where the local authorities have alleviated or cancelled previous restrictive orders. Today, Shoe Carnival will add approximately 62 additional stores to the opening list
India: leather industry asks the Government for a lockdown exit plan
One of the key players in the leather industry is now asking the Government to set a plan for the sector once the lockdown is exited next week. The Council for Leather Exports is urging for measures
Ross Stores donates 1.5 million US dollars to Covid-19 relief efforts
The department store chain has explained how they are contributing to assist with the Covid-19 relief efforts
Macy's plans to reopen 68 stores on Monday
The American department store chain is re-opening 68 stores on Monday in states that reduced coronavirus lockdown restrictions. Macy's plans to re-open more stores in the upcoming weeks
Yue Yuen expects 70 million US dollars loss for the quarter
The China-based footwear manufacturer and retail corporation is predicting a loss for the quarter that can reach 70 million US dollars as a result of the Covid-19 crisis
Latin America: footwear associations raise their concerns
Argentina, Brazil, Colombia, Chile, Ecuador, Guatemala, Mexico, Paraguay, Uruguay and Venezuela got together and issued a statement with their concerns arising from the impact of Covid-19 on the footwear industry
Shoe Zone cancels final dividend and expresses concerns with Covid-19
In the General Meeting held yesterday a special resolution to cancel payment of the final dividend from last financial year was approved. First semester results already reflect a drop in turnover
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