Coronavirus - Covid19
COVID-19 will impact the way the footwear supply chain is organised
The World Footwear' experts panel, gathering specialists from all over the world, believes that the Covid-19 crisis will result in a re-thinking of the supply chain and the way it is organized
Puma to propose Suspension of Dividend and to hold digital AGM
Given the strong negative impact of the Covid-19 crisis in the business, the Management Board of PUMA SE has decided to propose to the AGM the suspension of the dividend payment for fiscal 2019
US footwear industry claims for more support
As we write this article the US is the country with the largest number of infected people with Covid-19 (almost 760 thousand people) and fatalities. The footwear industry claims for more assistance
Dickies to make 3.4 million isolation gowns for health care workers
Legacy workwear brand, Dickies, and parent company, VF, announced the beginning of the production of medical gowns for US healthcare workers
Belgium: start of the summer sales put back to 1st of August
This year’s summer sales will start a month later than normal in Belgium. The decision to postpone the start of the sales by a month is an attempt to mitigate the economic impact of the coronavirus pandemic on retail
LVMH cancels prize final and launches solidarity fund
As a result of the Covid-19 pandemic, the final of the 7th edition of the LVMH Prize for Young Fashion Designers, originally scheduled on 5th June 2020 at the Louis Vuitton Foundation, has been cancelled
Brazil: 86% of the Brazilian footwear factories are paralyzed
The South American country has almost 29 thousand reported cases of Covid-19 and more than 1 700 deaths. Most of the footwear factories have stopped operations
The North Face commits 1 million US dollars to Covid-19 efforts
The company is joining the fight against Covid-19 pandemic with the donation of 1 million US dollars through its social advocacy platform. North Face is also donating 60 000 gloves
Nike turns Nike Air into PPE
The sportswear giant has teamed up with the Oregon Health & Science University (OHSU) to come up with Personal Protective Equipment in the form of full-face shields and powered air-purifying respirator (PAPR) lenses
BASF donates over 100 million protective masks
As part of BASF’s “Helping Hands” campaign in the fight against the coronavirus pandemic, the company is donating 100 million protective masks to the Federal Republic of Germany
Italy: entire footwear supply chain in lockdown
The spread of Covid-19 has been particularly severe in Italy, where the sanitary crisis is now paired with a lockdown of most productive activities. The footwear industry is no exception
Pou Chen: Vietnam operations suspended for two days
The world’s largest manufacturer of athletic shoes, has been ordered to suspend production at its Pouyuen Vietnam business over Covid-19 concerns
Caleres expands liquidity position
The St. Louis-based company has exercised a portion of the accordion feature on its asset-based revolving credit facility, which increased the available borrowing capacity under the facility to a total of 600 million US dollars
Sports footwear sales down by 75% in the US
According to NPD Group’s weekly retail tracking service in the 5th week of March the drop in sports footwear sales reached 75%, in line with the previous week decline
Tapestry stores continue closed in many locations but China re-opened
Tapestry has extended store closures in North America and Europe for an additional two weeks (through the 24th of April). Stores in China have re-opened-
Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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