World Footwear

United States

Coronavirus driven lockdowns return to the US

Premium ContentJul 20, 2020 / United States
Some US states such as California and Oregon are bringing back orders to lockdown as new cases of people infected with coronavirus continue to climb. Consumers in badly hit areas might not feel comfortable to visit stores

JCPenney to close 152 stores and cut 1 000 jobs

Jul 17, 2020 / United States
The US-based retailer is becoming a smaller operator as it goes through a bankruptcy restructuring. JCPenney plans to lay off about 1 000 employees as it shuts down more than 150 stores

RTW Retailwinds voluntarily files Chapter 11 Bankruptcy

Jul 16, 2020 / United States
As a result, the retailer expects to close a significant portion of its brick-and-mortar stores. Company expects to fully repay approximately 12.7 million US dollars in remaining loan outstanding

AAFA claims lack of trade credit insurance could hinder economy restart

Jul 15, 2020 / United States
A new report by economists Dr. Robert Litan and Dr. Yong Xu highlights the need for a government-sponsored backstop to support trade credit insurance (TCI) to ensure a safe recovery from the economic fallout caused by the COVID-19 crisis

AAFA calls for national guidance on face masks

Jul 14, 2020 / United States
In a letter sent to President Donald J. Trump, the American Apparel & Footwear Association (AAFA) requested that the administration institute federal face mask guidelines to assist retail stores as the country continues efforts to reopen

Informa cancels Las Vegas shows

Jul 13, 2020 / United States
Trade show organizer Informa Markets Fashion announced that it will cancel its Magic trade show events planned for Las Vegas in September, mentioning uncertainties related to the pandemic

Brazil: footwear exports increased in June compared to May

Jul 9, 2020 / Brazil
After four consecutive months of decline, footwear exports from Brazil increased in June compared to the previous month, in both volume and value. When compared to similar period last year, the decline rate in pairs and revenue was above 40%

Brooks Brothers files for bankruptcy

Jul 9, 2020 / United States
The two-century-old company filed for bankruptcy after taking the hit of the COVID-19 pandemic’s impact on clothing sales. Pandemic kept customers at home reducing the demand for suits and formal attire

Sperry names new VP Design & Development

Jul 9, 2020 / United States
Sean McDowell was named the new Vice President of Design and Product Development of Sperry, a division of Wolverine. In this role, he will focus on driving product innovation for the brand

VF creates new position of President Greater China

Jul 3, 2020 / China
With a specific focus on advancing its stated strategy of growing its business in China, VF has created the new position of President, Greater China. VF will announce the leader appointed to this position later this summer

Deckers Brands appoints Victor Luis to its Board of Directors

Jul 3, 2020 / United States
US-based footwear, apparel and accessories group has appointed Victor Luis, former CEO of Tapestry, to its Board of Directors. Coinciding with this appointment, Deckers also announced that James Quinn has resigned from the Board

US: spending gets more personal

Jul 1, 2020 / United States
The importance of enhancing a homebound lifestyle remains, but consumers are increasingly showing their interest in products with a more personal focus. The conclusion is from the NPD Group

33% of supply chain leaders moved business out of China or plan to do it by 2023

Jun 30, 2020 / United States
A Gartner survey with 260 global supply chain leaders held in February and March 2020 found that 33% had moved sourcing and manufacturing activities out of China or are planning to do so in the next two to three years

Nike's revenue falls by 38% in the last quarter

Jun 29, 2020 / United States
Revenue for Nike decreased by 38% to 6.3 billion US dollars, down by 36% on a currency-neutral basis, primarily due to owned and partner physical store closures across North America, EMEA and APLA due to COVID-19

Merrell names Janice Tennant as Chief Marketing Officer

Jun 26, 2020 / United States
Merrell, a division of Wolverine announced the appointment of Janice Tennant to the position of Chief Marketing Officer, reporting directly to Merrell’s global brand president, Chris Hufnagel, and joining the brand’s Senior Leadership Team
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