Retail
Nordstrom permanently closes Jeffrey Stores
The announcement was made by founder Jeffrey Kalinsky on his Instagram page. He declared that his boutique business, comprised of three stores in partnership with Nordstrom, will permanently close
US: only 32% of the shoppers say they are ready to buy footwear in stores
As stores reopen across the US, a recent study by First Insight found that the majority of consumers (54%) are ready to buy apparel in-store. For footwear, those saying they are willing to go back to stores is lower (32%)
Store safety measures implemented by DSW
As it starts to re-open almost 200 stores in the US and Canada DSW announced it will implement several safety measures
FICE defends alternative measures to the prohibition of sales
The Federation of Spanish Footwear Industries (FICE) requested for the consideration of alternative and equally efficient measures to the prohibition of discounts in brick and mortar locations
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
South Africa starts re-opening
The country is now on Alert Level 4 and started to alleviate some of the measures put in place in recent weeks to fight the diffusion of Covid-19 in South Africa
Spanish retailers ask for the suspension of commercial leases
Some of the major Spanish retailers have sent a request to the Spanish Government, led by Pedro Sanchez, for a change in the clauses in their commercial leases, given the current coronavirus crisis
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
South Korea: retail open as usual
The Asian country has a total number of reported cases is slightly below 11 000, with the death toll just near the 260 threshold
The new normal in Malaysia
The country is currently under Phase 5 of its MCO (Movement Control Order) until the 9th of June. Manufacturing and retail are operational with restrictions
Covid-19: situation worsens in Chile
The country seems to be entering in a critical stage of the diffusion of the disease. With many restrictions applied to the economy, footwear is being hit hard
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
Genesco: phased store reopening in place
The Nashville-based company provided details on its store reopening plans in response to the Covid-19 pandemic driven closures
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
US: athletic footwear hit hard by Covid-19
In its analysis of the first quarter of the year NPD confirm the expectations: Covid-19 has had significant impact across US athletic footwear and activewear businesses-
Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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