Companies
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
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
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
Crocs launches Free Pair for Healthcare Program
The US-based footwear manufacturer is offering US healthcare workers fighting Covid-19 a free pair of Crocs and free shipping
Chanel workshops to make face masks
The French-based luxury fashion group said it will launch production of face masks to increment the supply in France, as the coronavirus spreads across the country
New Generation: meet Catarina Neves
With a background in architecture, Catarina has always designed pieces for herself. When requests from friends and family started to increase, she decided to create Pallas
Shoe Carnival with record net sales
The Indiana-based company announced results for fiscal 2019. The year was marked by a record 1.037 billion US dollars in net sales
Under Armour contribution to fight Covid-19: 2 million US dollars donated
The Baltimore-based footwear brand will donate 2 million US dollars aimed to provide community support for those impacted by recent pandemic
Owner of Melissa stops manufacturing activities
Brazil-based Grendene Group, owner of Melissa and Ipanema brands, has decided to implement mandatory collective vacation for all employees in their units in the country
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
Chanel closes production sites
The France-based luxury house announced it has decided to close its core production sites in three European countries: France, Italy and Switzerland, either completely or partially
Flat net sales at Genesco
In the last three months of the year, Genesco announced net sales of 678 million US dollars. The total for the complete year reached 2.2 billion US dollars
Kering donates 2 million euros to hospitals
The French-based group, owner of brands such as Gucci, Yves Saint Laurent or Balenciaga has announced their contribution to the fight of the coronavirus outbreak
Capri issues statement regarding Covid-19
Given the global diffusion of the Covid-19 Capri, the owner of Jimmy Choo, Versace and Michael Kors, made an announcement to the markets. The company will provide updates later regarding the impact of the pandemic
Caleres sales up by 3.1%
Despite the decline in consolidated sales in the fourth quarter (-3.0%), Caleres closed the year with a 3.1% increase in consolidated salesMedia Partners
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