Retail
Tod's: Diego della Valle denies sale and talks about recovery in China
The Chairman and CEO of the Italian premium fashion brand said he has no intention of selling the company. Diego della Valle says the brand is already seeing optimism in certain markets
Brooks Brothers files for bankruptcy
The two-century-old company filed for bankruptcy after taking the hit of the COVID-19 pandemic’s impact on clothing sales. Pandemic kept customers at home reducing the demand for suits and formal attire
Italy with a steep drop in exports and domestic sales
According to Confindustria Moda Research Centre data for ASSOCALZATURIFICI in March footwear exports declined by 33.7% in volume and by 30% in value. In the first four months of the year, domestic sales were also down roughly by 30%
Australia: retail up by 16.9% in May
According to the latest Australian Bureau of Statistics (ABS) Retail Trade figures, Australian retail turnover rose 16.9 %in May 2020, seasonally adjusted
JB Martin closes doors
JB Martin, born 99 years ago in Fougères and a historic player in the French footwear industry disappears as the brand was liquidated by the Paris Commercial Court at the beginning of June
Singapore: retail sales down by 52.1% in May
According to the Department of Statistics in Singapore, the country's retail sales fell by 52.1% in May 2020 from May 2019. This was the lowest recorded decline since 1986 when data started to be compiled
T.M. Lewin to close all UK stores
Britain-based menswear brand T.M. Lewin will close all its stores permanently. The brand will remain on the online sphere, its restructurer said on Tuesday
Shoe Zone with new Finance Director
The UK-based footwear retailer announced the appointment of Peter Foot as Finance Director, with effect from the 6th of July onwards. Mr. Foot will replace Jonathan Fearn whose resignation has been accepted with effect from the 31st of July 2020.
Retail trade in Latvia down 0.6% in May
Compared to May 2019, total retail trade turnover reduced by 0.6 % in May 2020. Turnover of retail trade in food products grew by 1.6 %. Retail sale of clothing, footwear and leather goods with one of the most significant turnover drops
US: spending gets more personal
The importance of enhancing a homebound lifestyle remains, but consumers are increasingly showing their interest in products with a more personal focus. The conclusion is from the NPD Group
Gucci rises up prices of handbags
Popular items of the brand, the Dionysus and the Zumi handbags, are now more expensive. Jefferoes International reports they now cost up to 9% more
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
Macy’s announces restructuring plan
The New York-based retailer announced it will eliminate approximately 3 900 corporate and management roles. With the actions announced Macy's anticipated to create approximately 630 million US dollars per year in savings
Argentina: retail re-opens amid national quarantine extension
The World Footwear spoke with Camara de la Industria del Calzado, the Footwear Industry Chamber in Argentina to get an update on the COVID-19 impacts in the country
COVID-19 pandemic adds to job’s descriptions and fuels new hires
Businessinsider is quoting HR and staffing firm Adecco who confirms that retailers are hiring people to take temperatures and enforce social distancing-
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