Brands
Foschini to stop rental payments during South Africa’s lockdown
The South African retailer said it’s stopping rental payments as it takes the hit of the coronavirus outbreak
Columbia Sportswear: CEO cuts own salary and employees get regular pay
Tim Boyle, President and CEO of Columbia Sportswear, will be reducing his annual salary to 10 000 US dollars. The company plans to continue to offer regular pay its employees
Hermès reduces proposed dividend
The French luxury goods group said it has decided to reduce its planned 2020 dividend to shareholders in order to implement some measures to response to the coronavirus outbreak
Chanel workshops to make face masks
The French-based luxury fashion group said it will launch production of face masks to increment the supply in France, as the coronavirus spreads across the country
Crocs launches Free Pair for Healthcare Program
The US-based footwear manufacturer is offering US healthcare workers fighting Covid-19 a free pair of Crocs and free shipping
Burberry expects 30% drop in sales
The British-based luxury brand is already forecasting the hit from the impact of the Covid-19 pandemic. Burberry announced it is expecting a 30% decline in sales for the first quarter of 2020
New Generation: meet Catarina Neves
With a background in architecture, Catarina has always designed pieces for herself. When requests from friends and family started to increase, she decided to create Pallas
Kering donates 2 million euros to hospitals
The French-based group, owner of brands such as Gucci, Yves Saint Laurent or Balenciaga has announced their contribution to the fight of the coronavirus outbreak
Flat net sales at Genesco
In the last three months of the year, Genesco announced net sales of 678 million US dollars. The total for the complete year reached 2.2 billion US dollars
Capri issues statement regarding Covid-19
Given the global diffusion of the Covid-19 Capri, the owner of Jimmy Choo, Versace and Michael Kors, made an announcement to the markets. The company will provide updates later regarding the impact of the pandemic
Caleres sales up by 3.1%
Despite the decline in consolidated sales in the fourth quarter (-3.0%), Caleres closed the year with a 3.1% increase in consolidated sales
LVMH changes production from perfumes to hand sanitizer
The French-based luxury giant announced its production facilities for the cosmetics branch will start to manufacture large quantities of hydro-alcoholic gel
Nike closes several stores temporarily
The giant sportswear brand decided to close stores in several countries, including in the United States, Canada, Western Europe, Australia and New Zealand to limit the spread of the coronavirus
Under Armour is temporarily closing North American stores
The Baltimore-based company has announced they will close all stores in North America from the 16th of March through the 28th of March 2020
New Balance: closures across office, factory and retail
In a statement issued by the company, Joe Preston, President and Chief Executive Officer, announced a series of measures to ensure the health of associates, customers, and communities-
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