Retail
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
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
Ecco’s 2019 revenue up by 3.9%
The Denmark-founded brand announced what they have called a successful year with net sales of 1.360 million euros (1.309 million euros last year) and profit before tax of 196 million euros (201 million euros in 2018)
Restarting manufacturing and retail should be on the way in South Africa
Following the announcement that the manufacture and retail of 'winter clothing' will be allowed from the 1st of May onwards, further details of the alleviation of the lockdown measures should be known this week
Footwear: several challenges arising from the Covid-19 crisis
As they are non-essential goods, clothing, footwear and other fashion items are being particularly hit with the impact of the spread of Covid-19. Retailers and manufacturers are facing several challenges, and will continue to do so
US footwear industry claims for more support
As we write this article the US is the country with the largest number of infected people with Covid-19 (almost 760 thousand people) and fatalities. The footwear industry claims for more assistance
Belgium: start of the summer sales put back to 1st of August
This year’s summer sales will start a month later than normal in Belgium. The decision to postpone the start of the sales by a month is an attempt to mitigate the economic impact of the coronavirus pandemic on retail
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
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
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
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
Malaysia: all operations ceased except essential services
As Covid-19 continues to spread, the country already has more than 4 200 infected and the economy is stopped, apart from 10 key essential services
Covid-19: latest news from Korea
We continue our trip around the word to give you the latest updates about the impact of Covid-19 in the different markets. Today is Korea's turn-
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Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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World Footwear Public Calendar
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