Germany
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
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%
Picard calls for creditors’ protection
The Germany-based leather goods label has moved to ask for creditors' protection. The company took the hit of the Covid-19 crisis as most of the retail locations with their products are now closed
Von Wellx shifts production from China to India
The Germany-based manufacturer is moving its production from China to India. The project can create thousands of jobs in the Uttar Pradesh region
Footwear back in business in Europe
As European countries face the different stages of the sanitary crisis, they are also working on the re-opening of the economies. Today we bring you updates from Italy, Spain, Germany, Belgium, France and Poland
Puma focuses on survival and recovery
The sportswear brand is working with 3 phases - Survive, Recover, Grow Again - as it deals with the impacts of Covid-19. First quarter sales declined by 1.3%, but in the current quarter revenue is at 50% normal level
Germany: postponing season timings for footwear and leather goods
The HDS/L and buying groups SABU and ANWR issued a joint declaration recommending postponing the season timings in footwear and leather goods sector to help minimise the impact of Covid-19 closures
One date for Gallery Fashion, Showroom Concept & Gallery Shoes
Igedo, the organisers of the events, have decided to hold them on the same date. Dusseldorf will receive the fashion world by the end of August
Premium Group cancels summer events
The Premium Group has cancelled its Berlin summer trade shows, Premium and Seek, as well as its Fashiontech conference due to Covid-19
adidas gets approval for syndicated loan involving state-owned bank
The sportswear giant received the approval of the German government for the participation of KfW, Germany’s state-owned development bank, in a syndicated revolving loan facility amounting to 3.0 billion euros
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
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
Puma stores reopen in Wuhan
The giant sporstwear brand has re-opened its store in Wuhan, China, the city where the coronavirus was first reported. The company plans to re-open its five other stores in the greater Wuhan region by mid-April
Puma says short-term normalization will not occur
The Germany-based sportswear no longer expects a short-term normalization of the Covid-19 situation despite first encouraging signs coming out of China
Lower sales of the German footwear manufacturers
During Gallery Shoes, the Federal Association of the German Footwear and Leather Goods Industry held its Press Conference to give an update about the German footwear industry-
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