Shoes
Andrew Tam appointed as CFO of Stella International
Don Lee is retiring as CFO and will become a consultant to the Group. Andrew Tam will take on the position from April 2020 onwards
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
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
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
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
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
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
Nike announces new round of Covid-19 donations
Including the new donation, Nike’s leaders, the Nike Foundation and Nike have committed more than 17 million US dollars to Covid-19 response efforts around the world
South Africa: massive disruption caused by Covid-19
In the last few weeks, the situation aggravated in South Africa, as a full lockdown has been in place since the 27th of March and disruption has increased significantly
US consumption declines by 16%
US-based NPD is monitoring the consumption in the country and has concluded the decline in the week terminating on the 21st of March reached two digits rates-
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Footwear Consumer 2030
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