World
Visa: digital acceleration in Covid-19 era
According to Visa's Chief Product Officer 13 million people in Latin America made their first-ever online purchase in March quarter. An increase in digital commerce spending was registered in the US
Mexico: 80% of footwear companies lost more than 51% revenue
As footwear is not considered an essential sector, the industry is living with the suspension of activities and facing cancellations of purchase orders, liquidity issues and reduction in demand
Footwear not profiting from 10 year high in UK online retail sales
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
Italy enters phase 2
On Monday 18th of May stores re-opened in Italy, and some of the restrictive measures of the last weeks started to be alleviated in one of the most impacted countries by the Covid-19 pandemic
US: slippers and work footwear outperform market patterns
According to the latest data by NPD, fashion footwear sale, in the new Covid-19 context, fashion footwear underperformed in total sales. Slippers sales doubled. Work/safety footwear with better performance
US: only 32% of the shoppers say they are ready to buy footwear in stores
As stores reopen across the US, a recent study by First Insight found that the majority of consumers (54%) are ready to buy apparel in-store. For footwear, those saying they are willing to go back to stores is lower (32%)
FICE defends alternative measures to the prohibition of sales
The Federation of Spanish Footwear Industries (FICE) requested for the consideration of alternative and equally efficient measures to the prohibition of discounts in brick and mortar locations
South Africa starts re-opening
The country is now on Alert Level 4 and started to alleviate some of the measures put in place in recent weeks to fight the diffusion of Covid-19 in South Africa
Spanish retailers ask for the suspension of commercial leases
Some of the major Spanish retailers have sent a request to the Spanish Government, led by Pedro Sanchez, for a change in the clauses in their commercial leases, given the current coronavirus crisis
South Korea: retail open as usual
The Asian country has a total number of reported cases is slightly below 11 000, with the death toll just near the 260 threshold
The new normal in Malaysia
The country is currently under Phase 5 of its MCO (Movement Control Order) until the 9th of June. Manufacturing and retail are operational with restrictions
Covid-19: situation worsens in Chile
The country seems to be entering in a critical stage of the diffusion of the disease. With many restrictions applied to the economy, footwear is being hit hard
Footwear back in business in Europe
As European countries face the different stages of the sanitary crisis, they are also working on the re-opening of the economies. Today we bring you updates from Italy, Spain, Germany, Belgium, France and Poland
Could Covid-19 be a turning point in geopolitics?
A recent report by The Economist Intelligence Unit reflects on how the Covid-19 pandemic can influence the balance of power and change geopolitics
US: athletic footwear hit hard by Covid-19
In its analysis of the first quarter of the year NPD confirm the expectations: Covid-19 has had significant impact across US athletic footwear and activewear businessesMedia Partners
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