World Footwear

Coronavirus - Covid19

Mulberry to reduce 25% of global workforce

Jun 8, 2020 / United Kingdom
The British-based luxury brand is planning to cut 25% of its global workforce to reduce costs as sales take the hit of the coronavirus pandemic, The Guardian is reporting

Caleres with loss of 345.8 million dollars

Jun 5, 2020 / United States
The US-based retailer presented first quarter results for the period ended on the 2nd of May, with net sales declining by 42%. Caleres had a loss of 345.8 million dollars in the period

Pitti postponed to 2021

Jun 5, 2020 / Italy
All Pitti Immagine events, including menswear trade show Pitti Uomo, had already been rescheduled from June to early September. Now they are moved to 2021 and all energies will be concentrated on the Pitti Connect digital platform

adidas: business in China returns to growth

Jun 4, 2020 / China
In Greater China, adidas' first major market on the road to recovery, all stores have been open since mid-April. While store traffic remained below the prior year level in May, sales returned to growth

VF’s CEO sends memo to employees comparing racism to virus

Jun 4, 2020 / United States
In a letter sent to all employees entitled “Racism is another virus to eradicate” VF Chairman, President and CEO Steve Rendle compared racism to the coronavirus pandemic

We must start again all in it together, says Micam's CEO

Premium ContentJun 2, 2020 / Italy
We spoke with Tommaso Cancellara CEO of Micam and General Manager of the Italian Footwear Association to learn all the bits and pieces about the next September's edition of the trade fair

Deckers: sales up by 5.6% in last FY despite drop in the last quarter

Jun 2, 2020 / United States
US-based footwear group Deckers has reported net sales of 2.1 billion US dollars in the last financial year, with a 5.6% increase in sales, despite the decline of 4.9% in the last quarter

Zalando is expecting 2020 revenue to be up by 10%-20%

Jun 2, 2020 / Germany
The online platform issued a new full-year guidance considering the impact of the Covid-19 pandemic and says it expects gross merchandise volume (GMV) and revenues to grow by 10%-20%

Retailers congratulate Pandemic Risk Insurance Act

Jun 1, 2020 / United States
The National Retail Federation welcomed the introduction of the Pandemic Risk Insurance Act, which would establish a federal program to help businesses obtain insurance coverage for pandemics

Good momentum for fitness at home

Jun 1, 2020 / United States
The home fitness trend is one of the biggest to emerge from the COVID-19 crisis. According to the NPD Group, in the seven weeks between the 15th of March and the 2nd of May, US home fitness equipment sales grew by 175%

Steve Madden with 17.5 million US dollars loss in first quarter

Jun 1, 2020 / United States
The US-based footwear brand Steven Madden reported a first-quarter loss of 17.5 million US dollars, after reporting a profit in the same period a year earlier. The company has felt the hit of the Covid-19 pandemic

Under Armour with phased store re-opening in North America

May 29, 2020 / United States
The company reopened its first US stores to customers on the 15th of May and opened additional stores last week. By today Under Armour will have welcomed customers back to nearly 50% of its North America stores

Shoe Carnival: sales go down by 41.9% in quarter one

May 28, 2020 / United States
The Evansville-based retailer reported results for the first quarter ended on the 2nd May 2020 marked by a decline in sales of 41.9%, resulting mainly from all stores being closed for approximately 50% of que quarter

Capri gives update regarding phased reopening of global stores

May 28, 2020 / United Kingdom
After taking the hit of the diffusion of Covid-19 and having most stores closed across the world, Capri now has slightly more than half of the company’s global retail fleet of stores open

JCPenney to close 242 locations

May 27, 2020 / United States
According to a filing with the Securities and Exchanges Commission, retailer J.C. Penney, which recently filed for bankruptcy protection, plans to close more than 200 locations
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