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
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%
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
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
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
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
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
According to IMRG Capgemini online retail sales in the UK grew by 23.8% Year-on-Year in April. Footwear and clothing experienced two-digit declines, as consumers shift their shopping patterns in a hot month
According to Visa's Chief Product Officer 13 million people in Latin America made their first-ever online purchase in March quarter. An increase in digital commerce spending was registered in the US
As footwear is not considered an essential sector, the industry is living with the suspension of activities and facing cancellations of purchase orders, liquidity issues and reduction in demand
The Italian-based luxury group had a strong start of the year, until the outbreak of the pandemic. Group sales totaled 152.8 million euros in quarter one, down by 29.4% in the first quarter of 2019
The news platform The Times is reporting that retailer Aldo is retrieving from Ireland. The footwear retailer has filed for bankruptcy protection in Canada, the US and Switzerland to restructure the business
The retailer, which operates under the brands Johnsons Shoes and Bowleys Fine Shoes, has entered administration after suffering the impact of the Coronavirus pandemic. CVR Global were appointed as administrators
The British-based shoemaker has announced it will reduce its workforce by 900 over the next 18 months. The company which was already experiencing some issues took the hit of Covid-19
Caleres began to reopen retail stores in areas where restrictions have been relaxed or lifted, and by the end of May it expects to have 435 of its locations re-open