Retail
Yue Yuen with 136.7 million US dollars loss
The world's largest shoe manufacturer has been badly hit by the COVID-19 pandemic. Yue Yuen has posted a net loss of 136.7 million US dollars for the first half of 2020, which compares to net income of 165.9 million US dollars for similar period in 2019
Designer Brands with 42.8% decline in net sales
The US-based footwear retailer formerly known as DSW reported double-digit decline in sales in the first semester as a result of the impact of the COVID-19 pandemic on the consumer behaviour and on the business ever-changing environment
vanHaren to take over 43 Brantano shoe stores
Part of the German Deichmann SE group, one of Europe’s largest shoe retailers, vanHaren has 143 stores in The Netherlands and 16 shops in Belgium, whose network of locations will increase with the acquisition
Hungary: retail sales increased by 0.4%
According to information release by the Hungarian Central Statistical Office, in July 2020, the volume of sales in retail shops grew by 0.4% compared to the same period last year
Retail turnover up by 3.2% in Australia
In July 2020, Australian retail turnover rose by 3.2%, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures
Shoe Carnival with record net sales
The US-based footwear retailer has reported record net sales of 300.8 million US dollars for the second quarter exceeding the previous record set in the third quarter of fiscal 2017 by 4.6%
Geox announces first half results
Preliminary consolidated sales in the first half of 2020 amounted to 243.6 million euros, down by 39%. The group's direct e-commerce channel recorded significant growth with more 40% compared with the end of June 2019
Foot Locker with increase in sales
Comparable store sales in the period increased by 18.6%. Given the meaningful increase in sales reported, the Board reinstated the quarterly dividend program
Payless plans its comeback
The US-based discount footwear chain Payless is planning to open between 300 to 500 standalone stores over the next five years. This follows the company turning up from bankruptcy protection in January after closing all its 2 100 stores in the US
Revenue down by 48% at VF
The company announced first quarter results marked by a decline of 48% in revenue. VF took the hit of the COVID-19 pandemic with stores closures at global level
Sales of shoe stores in the US down by 56%
According to data from the USA Census Bureau and the analysis of the WorldFootwear.com, growth of sales of the shoe stores in the US has been on the red since the beginning of year
Retail Council of Canada and the Association of Footwear + Apparel Canada in partnership
According to both entities the aim of the new partnership is to work on building a united platform for the retail and supplier community, within the fashion category of footwear, apparel, and accessories
DW Sports chain goes into administration
The UK-based chain of gyms and sports retail has confirmed it will enter administration. At risk are 1 700 jobs. Company BDO has been nominated Administrator
Steve Madden: revenue down by 68.2%
The New-York based designer and marketer of fashion-forward footwear, accessories and apparel for women, men and children, announced financial results for the second quarter ended on the 30th of June 2020
Skechers with recovery on the horizon
The US-based footwear giant has announced second quarter results. Sales declined by 42.0% overall. However, Skechers is optimistic with growth in China, improvement in many markets and the jump on ecommerce-
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