Coronavirus - Covid19
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
Crocs revenue down by 7.6%
Revenue of the brand totalled 331.5 million US dollars in the second quarter, a decline of 7.6% from the similar period in 2019. Given the unprecedent times related to COVID-19 the company is not providing third quarter guidance
Tapestry reports full year results
The New-York based luxury group has reported fourth quarter results marked by a 52.79% decline in revenue. Declining revenues have impacted the three brands of the Tapestry's portfolio
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
Deckers posts increase in net sales
The California based company announced first quarter results for the period ended on the 30th of June 2020. Skechers announced its net sales increased by 2.3% in the period
Wolverine with better-than-expected revenue
The Michigan-based footwear company has reported revenue down by 38.6% in the second quarter. Despite the negative impact of the COVID-19 pandemic, Wolverine says these results were much stronger than expected
Inspiramais turns into a digital event
As previously informed, Inspiramais Digital will be a 100% virtual event, with no visitor limit and with a particular focus on fashion
DW Sports chain goes into administration
The UK-based chain of gyms and sports retail has confirmed it will enter administration. At risk are 1 700 jobs. Company BDO has been nominated Administrator
Footwear production with new record of 24.3 billion pairs
Just before the outbreak of COVID-19, the footwear industry has set a new production record. In 2019, worldwide, 24.3 billion pairs of shoes have been produced. Data is taken from the World Footwear 2020 Yearbook just released by APICCAPS
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
Wolverine declares quarterly dividend
The Michigan-based footwear group has announced that its Board of Directors has declared a quarterly cash dividend of 0.10 US dollars per share of common stock
Moda Made in Italy is cancelled
The Munich event scheduled for September has been cancelled. Assocalzaturifici said that the German market, of fundamental importance for the Italian footwear industry, will now be served by the new digital opportunities
LVMH with 84% decline in net profit sees recovery in China
In the first half of the year, LVMH Moët Hennessy Louis Vuitton recorded revenue of 18.4 billion euros in the first half of 2020, down by 27%. Net profit was down by 84% in the period. However, the group already witness recovery in China
Skechers with recovery on the horizon
The US-based footwear giant has announced second quarter results. Sales declined by 42.0% overall. However, Skechers is optimistic with growth in China, improvement in many markets and the jump on ecommerce
Liberty Shoes expects 35%-45% drop in revenue
India-based footwear firm is expecting up to 45% decline in its revenue in the current fiscal due to COVID-19. Amid coronavirus pandemic, footfall at stores has dropped significantly as customers are avoiding public places and encouraging social distancing-
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