Sales
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
Kering with double-digit drop in revenue
The luxury group announced the results for the first half of the year, marked by double digit decline in revenue. Kering named this the toughest period they ever faced
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
US: major retailers requiring customers to wear face masks
As numbers of daily new cases continue high in the US, many retailers are following the practice advocated by the Centres for Disease Control and Prevention and demanding customers to wear face masks in their premises
VF Corp to open multi-brand retail store In Milan
The US-based group plans to open its first multi-brand store this fall. The location chosen was Milan (Italy). The store, inside a historic building at 11 Orefici Street, will feature collections from The North Face, Timberland and Napapijri with other VF brands
361 with decline in sales
The Board of the Hong Kong based footwear company has provided operational updates for its business segments referring to the second quarter of 2020
Burberry’s sales down by 45% in first quarter
Comparable sales of the Britain-based luxury brand declined by 45% in the first quarter, easing to -20% in June. Growth in Mainland China and Korea in June was ahead of pre Covid-19 levels, with sales of full-price leather goods up strongly in these regions
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
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
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
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
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
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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