News
Retail sales increase by 4.4%
According to the FDRA, Footwear Distributors and Retailers of America, quoting the National Retail Federation, February retail sales increased by 4.4% year-over-year as the economy continued to grow. The numbers exclude automobiles, gasoline stations and restaurants
Macy’s CFO to retire
Macy’s, Inc. announced Karen Hoguet, Chief Financial Officer, will retire by February 2019. Transition plan is underway
Nine West near bankruptcy plans to sell footwear
The New York-based footwear, accessories, women's apparel, and jeanswear company with a portfolio of brands that includes Nine West, Anne Klein, and Gloria Vanderbilt announced that it has filed voluntary petitions for reorganization under Chapter 11 of the US Bankruptcy Code
Pakistan's leather exports are dropping back
Pakistan is falling behind other parts of the South Asian region in leather exports for not being able to diversify its product portfolio and non-compliance with environmental standards, the central bank defended
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