World Footwear

United Kingdom

Kurt Geiger to donate first month of store profits to the NHS

Jun 19, 2020 / Coronavirus - Covid19
The British-based retailer is set to give all store profits from the first month of trading after the lockdown to the National Health Service (NHS)

Hunter Boots CEO exits company

Jun 17, 2020 / United Kingdom
Hunter Boots announced that CEO Vincent Wauters is stepping down “by mutual agreement” at the end of July to pursue new opportunities. His exit comes as Hunter begins a strategic review

Schuh is re-opening most stores

Jun 15, 2020 / United Kingdom
The footwear retailer is set to reopen most of its stores in England and Ireland today. Reduced opening hours will be imposed, alongside with other health and safety measures

Mulberry to reduce 25% of global workforce

Jun 8, 2020 / United Kingdom
The British-based luxury brand is planning to cut 25% of its global workforce to reduce costs as sales take the hit of the coronavirus pandemic, The Guardian is reporting

China: Jimmy Choo returns to last year sales levels

Jun 3, 2020 / China
In a statement giving an updated on the phased reopening of their global stores network, Capri Holdings, the owner of the Jimmy Choo, said sales levels of the brand are returning to normal in China

Capri gives update regarding phased reopening of global stores

May 28, 2020 / United Kingdom
After taking the hit of the diffusion of Covid-19 and having most stores closed across the world, Capri now has slightly more than half of the company’s global retail fleet of stores open

Burberry: sales decline by 27% in the last quarter

May 28, 2020 / United Kingdom
The British-based luxury fashion house was heavily impacted by the COVID-19 pandemic, with 60% of stores closed by the end of March. In the fourth quarter sales declined by 27%

Footwear not profiting from 10 year high in UK online retail sales

May 26, 2020 / United Kingdom
According to IMRG Capgemini online retail sales in the UK grew by 23.8% Year-on-Year in April. Footwear and clothing experienced two-digit declines, as consumers shift their shopping patterns in a hot month

Johnsons Shoes Company enters administration

May 25, 2020 / United Kingdom
The retailer, which operates under the brands Johnsons Shoes and Bowleys Fine Shoes, has entered administration after suffering the impact of the Coronavirus pandemic. CVR Global were appointed as administrators

Clarks to cut 900 jobs globally

May 22, 2020 / United Kingdom
The British-based shoemaker has announced it will reduce its workforce by 900 over the next 18 months. The company which was already experiencing some issues took the hit of Covid-19

Burberry says it will not apply for British state crisis money to pay salaries

May 5, 2020 / United Kingdom
With the UK under lockdown given the Covid-19 pandemic, many companies have taken advantage of the state job retention scheme. Burberry has said it won't take any of this cash

Shoe Zone cancels final dividend and expresses concerns with Covid-19

Apr 30, 2020 / United Kingdom
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

PVH completes sale of Speedo North America

Apr 14, 2020 / United States
PVH announced the completion of the sale of its Speedo North America business to Pentland Group, parent company of the Speedo brand, for 170 million US dollars in cash

Clarks considers permanently closing stores

Apr 8, 2020 / United Kingdom
The UK-based footwear retailer is preparing for the permanent closure of some of its stores and asked bankers to advise on options available for the strategic move

Burberry expects 30% drop in sales

Mar 27, 2020 / United Kingdom
The British-based luxury brand is already forecasting the hit from the impact of the Covid-19 pandemic. Burberry announced it is expecting a 30% decline in sales for the first quarter of 2020
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