Coronavirus - Covid19
Retail Re-opening: let's talk about Inventory?
Inventory is a sensitive topic to every business. There is an equilibrium between overstocking, which requires space and investment, and underestimating sales, which directly leads to losses. Nowadays, an effective management of inventory becomes crucial
Schuh is re-opening most stores
The footwear retailer is set to reopen most of its stores in England and Ireland today. Reduced opening hours will be imposed, alongside with other health and safety measures
Gallery Shoes goes back to original date
New dates on different days of the week for the special format chosen to gather the events Gallery Fashion, Showroom Concept & Gallery Shoes. Gallery Shoes goes back to the dates originally scheduled
Canada: return to business
In a country with roughly 99 thousand cases, all the regions are now at different stages of their return to business. Some activities have opened and others, such as restaurants, will open within the next few weeks
China Leather Industry Association expects rapid growth
Li Yuzhong, Chairman of China Leather Industry Association (CLIA), said the daily life of the public in China has basically returned to normal and that he consumer market has become more active
Germany: VAT cut to stimulate consumption
The value-added tax (VAT) rate on non-food products is being reduced from 19% to 16%, starting from the 1st of July. The measure should be in place for the rest of the year and aims to give a boost to consumption and the economy
Trends of the industry as retail re-opens: Comfort at home
The World Footwear brings you a new Guidebook with Business Tips and Health and Safety Recommendations for Brand Managers and Retailers. Today we will talk about Comfort at Home
Mulberry to reduce 25% of global workforce
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
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
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
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
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
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
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%
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%-
Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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