Retail
Brazil: loss of jobs worries footwear industry
With a reduction in consumption as brick and mortar stores close in an attempt to contain the spread of Covid-19, job loss in the sector might be the next problem
Shoe Carnival extends store closures
The US-based footwear retailer has announced it would be extending its store closures until further notice, given the diffusion of the Covid-19 in the country
Chile: Covid-19 is aggravating the situation caused by social instability
The country is still feeling the early stages of Covid-19 diffusion with little more than 3 000 confirmed cases. We spoke with FEDECCAL to understand the impact in the footwear industry
Foschini to stop rental payments during South Africa’s lockdown
The South African retailer said it’s stopping rental payments as it takes the hit of the coronavirus outbreak
Hermès reduces proposed dividend
The French luxury goods group said it has decided to reduce its planned 2020 dividend to shareholders in order to implement some measures to response to the coronavirus outbreak
Yue Yuen expands revenue
The Hong-Kong headquartered group has recorded revenue of 10 105 million US dollars in 2019, of which 6 000 were generated by the company’s manufacturing business and 4 105 from the retailing business
South Africa-based Edcon struggles amid Covid-19
The clothing, footwear and textiles retailer said it won’t be able to pay suppliers and may not be able to re-open at the end of the 3-week national shutdown to fight the coronavirus spread
Covid-19: impact in Greece
As we continue to cover the impacts of the diffusion of Covi-19 across the world and as countries take several measures to fight it, we bring you all relevant updates. This time from Greece
Macy’s updates the market in regard to Covid-19
All of the company' stores have been closed since the 18th of March and will remain closed until it is safe to reopen. Company announces that majority of workers will go on furlough beginning this week
Covid-19 in Asia: latest update
After reporting the situation in Vietnam, Republic of Korea and Malaysia, today we bring you more news from Cambodia and Japan
Mexico: early stages of Covid-19
Mexico is still at the beginning of the epidemic diffusion and footwear factories continue to operate in the country. We spoke with Prospecta to understand how the situation is evolving
Covid-19 hits the US
As we write this article the US becomes the fourth country with the higher number of Covid-19 cases after China, Italy and Spain. The impacts on the industry start to be felt
Europe in the midst of Covid-19: consequences for footwear
Reports come from several countries regarding retail closures. Manufacturing continues to be on, although some issues with access to raw materials are being felt by some businesses
Genesco closes stores temporarily
Another group closes doors in the US following the rapid diffusion of the Covid-19 on the country. Genesco recently announced its business guidance for 2020, but is now withdrawing it
How Covid-19 is being felt in Africa and Latin America
While countries in Europe seem to be in the midst of the pandemic, Africa and Latin America are facing the early stages of the Covid-19 diffusion in their territories-
Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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