Retail
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
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
Neiman Marcus files for bankruptcy
The luxury retailer became the first major US department store group to file for bankruptcy protection during the coronavirus pandemic
Nordstrom to close 16 stores as it restructures the business
As the company prepares to re-open ist stores, as Covid-19 restrictive measures start to be alleviated, Nordstrom has announced it plans to permanently close 16 full-line stores
Re-opening the economies after Covid-19
As many countries start to alleviate the restrictive measures of the last weeks and re-open their economic activities, several concerns fill everyone's thoughts, as we all witness changes in retail, manufacturing, and consumption
J.Crew files for bankruptcy protection
The multi-brand, multi-channel, specialty fashion retailer J. Crew became the first major US retailer to file for bankruptcy protection in the middle of the coronavirus outbreak
Footwear consumption to decline 22.5% in 2020 as supply chain gets re-organised
The World Footwear' experts panel is foreseeing a drop in global footwear consumption of 22.5% in the current year. Read the main conclusions on the impacts of Covid-19 in the footwear industry
Survey reveals that US consumers feel least safe in shopping malls
A recent study by First Insight unveils consumer sentiment around feelings of safety when visiting several store format and environments
Shoe Carnival initiates store re-openings
Last Friday the company re-opened 122 stores in states where the local authorities have alleviated or cancelled previous restrictive orders. Today, Shoe Carnival will add approximately 62 additional stores to the opening list
Macy's plans to reopen 68 stores on Monday
The American department store chain is re-opening 68 stores on Monday in states that reduced coronavirus lockdown restrictions. Macy's plans to re-open more stores in the upcoming weeks
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
Yue Yuen expects 70 million US dollars loss for the quarter
The China-based footwear manufacturer and retail corporation is predicting a loss for the quarter that can reach 70 million US dollars as a result of the Covid-19 crisis
Ecco’s 2019 revenue up by 3.9%
The Denmark-founded brand announced what they have called a successful year with net sales of 1.360 million euros (1.309 million euros last year) and profit before tax of 196 million euros (201 million euros in 2018)
Restarting manufacturing and retail should be on the way in South Africa
Following the announcement that the manufacture and retail of 'winter clothing' will be allowed from the 1st of May onwards, further details of the alleviation of the lockdown measures should be known this week-
Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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