Coronavirus - Covid19
Deckers posts increase in net sales
The California based company announced first quarter results for the period ended on the 30th of June 2020. Skechers announced its net sales increased by 2.3% in the period
Wolverine with better-than-expected revenue
The Michigan-based footwear company has reported revenue down by 38.6% in the second quarter. Despite the negative impact of the COVID-19 pandemic, Wolverine says these results were much stronger than expected
Inspiramais turns into a digital event
As previously informed, Inspiramais Digital will be a 100% virtual event, with no visitor limit and with a particular focus on fashion
DW Sports chain goes into administration
The UK-based chain of gyms and sports retail has confirmed it will enter administration. At risk are 1 700 jobs. Company BDO has been nominated Administrator
Footwear production with new record of 24.3 billion pairs
Just before the outbreak of COVID-19, the footwear industry has set a new production record. In 2019, worldwide, 24.3 billion pairs of shoes have been produced. Data is taken from the World Footwear 2020 Yearbook just released by APICCAPS
Kering with double-digit drop in revenue
The luxury group announced the results for the first half of the year, marked by double digit decline in revenue. Kering named this the toughest period they ever faced
Wolverine declares quarterly dividend
The Michigan-based footwear group has announced that its Board of Directors has declared a quarterly cash dividend of 0.10 US dollars per share of common stock
Moda Made in Italy is cancelled
The Munich event scheduled for September has been cancelled. Assocalzaturifici said that the German market, of fundamental importance for the Italian footwear industry, will now be served by the new digital opportunities
LVMH with 84% decline in net profit sees recovery in China
In the first half of the year, LVMH Moët Hennessy Louis Vuitton recorded revenue of 18.4 billion euros in the first half of 2020, down by 27%. Net profit was down by 84% in the period. However, the group already witness recovery in China
Skechers with recovery on the horizon
The US-based footwear giant has announced second quarter results. Sales declined by 42.0% overall. However, Skechers is optimistic with growth in China, improvement in many markets and the jump on ecommerce
Liberty Shoes expects 35%-45% drop in revenue
India-based footwear firm is expecting up to 45% decline in its revenue in the current fiscal due to COVID-19. Amid coronavirus pandemic, footfall at stores has dropped significantly as customers are avoiding public places and encouraging social distancing
US: Healthy Workplace Tax Credit to go ahead
The National Retail Federation welcomed new legislation that would give businesses a tax credit intended to help defer the cost of employee testing, PPE, cleaning and other steps needed to make workplaces safe during the coronavirus pandemic
US: major retailers requiring customers to wear face masks
As numbers of daily new cases continue high in the US, many retailers are following the practice advocated by the Centres for Disease Control and Prevention and demanding customers to wear face masks in their premises
Is your store or brand ready for customers after COVID-19?
In the new normality of the post-COVID-19 the retailers' activities to promoting safety, protection and health measures for employees, customers and suppliers becomes key. Brand managers also have to think about several topics not to miss important opportunities for their businesses. Do you want to know more?
Coronavirus driven lockdowns return to the US
Some US states such as California and Oregon are bringing back orders to lockdown as new cases of people infected with coronavirus continue to climb. Consumers in badly hit areas might not feel comfortable to visit stores-
Footwear Consumer 2030
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