Quarter Results
Capri with 70% plunge in first quarter sales
During the first quarter Capri' stores were closed roughly 55% of the period. Given the significant store closures, the gradual recovery in revenue and low wholesale shipments, first quarter fiscal revenue should decline by 70%
Inditex wants 25% of sales online within 2 years
The Spanish group owning brands Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe, wants online sales to represent over 25% of the total by 2022. This compares with 14% in financial year 2019
Nike's revenue falls by 38% in the last quarter
Revenue for Nike decreased by 38% to 6.3 billion US dollars, down by 36% on a currency-neutral basis, primarily due to owned and partner physical store closures across North America, EMEA and APLA due to COVID-19
Shoe Carnival: second quarter exceeds expectations
The Indiana-based retailer of footwear and accessories provided a business update following the re-opening of its stores amid the global COVID-19 pandemic
Genesco: sales down by 44%
The US-based group has announced first quarter results marked by a decline of 44% in net sales. The sales decrease was driven by the closure of stores for the back half of the first quarter
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
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%
Steve Madden with 17.5 million US dollars loss in first quarter
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
Shoe Carnival: sales go down by 41.9% in quarter one
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
Burberry: sales decline by 27% in the last quarter
The British-based luxury fashion house was heavily impacted by the COVID-19 pandemic, with 60% of stores closed by the end of March. In the fourth quarter sales declined by 27%
Richemont with two-digit sales drop
The luxury group closed the financial year with a 2% growth in sales, but the last quarter (ended 31st March 2020) was heavily impacted by Covid-19
Wolverine: revenue declines by 16.1%
The Michigan-based group has reported financial results for the first quarter ended on the 28th of March and updated its actions related to the Covid-19 pandemic
Stella's revenue down by 16% in quarter one
One of the largest footwear manufacturers reported first quarter revenue down by 16%. Stella was also impacted by the outbreak of the Covid-19 in China and diffusion across the world
Shoe Zone cancels final dividend and expresses concerns with Covid-19
In the General Meeting held yesterday a special resolution to cancel payment of the final dividend from last financial year was approved. First semester results already reflect a drop in turnover-
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