World Footwear

Retail

DW Sports chain goes into administration

Aug 5, 2020 / United Kingdom
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

Steve Madden: revenue down by 68.2%

Jul 29, 2020 / United States
The New-York based designer and marketer of fashion-forward footwear, accessories and apparel for women, men and children, announced financial results for the second quarter ended on the 30th of June 2020

Skechers with recovery on the horizon

Jul 24, 2020 / United States
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

Foot Locker implements new organizational structure

Jul 24, 2020 / United States
The footwear giant announced a new organizational structure with several executive changes and senior management promotions implemented. The aim, according to Foot Locker, is to elevate the customer experience

US: Healthy Workplace Tax Credit to go ahead

Jul 23, 2020 / United States
The National Retail Federation welcomed new legislation that would give businesses a tax credit intended to help defer the cost of employee testing, PPE, cleaning and other steps needed to make workplaces safe during the coronavirus pandemic

US: major retailers requiring customers to wear face masks

Jul 23, 2020 / United States
As numbers of daily new cases continue high in the US, many retailers are following the practice advocated by the Centres for Disease Control and Prevention and demanding customers to wear face masks in their premises

VF Corp to open multi-brand retail store In Milan

Jul 23, 2020 / Italy
The US-based group plans to open its first multi-brand store this fall. The location chosen was Milan (Italy). The store, inside a historic building at 11 Orefici Street, will feature collections from The North Face, Timberland and Napapijri with other VF brands

Is your store or brand ready for customers after COVID-19?

Premium ContentJul 22, 2020 / Coronavirus - Covid19
In the new normality of the post-COVID-19 the retailers' activities to promoting safety, protection and health measures for employees, customers and suppliers becomes key. Brand managers also have to think about several topics not to miss important opportunities for their businesses. Do you want to know more?

361 with decline in sales

Jul 21, 2020 / Hong Kong
The Board of the Hong Kong based footwear company has provided operational updates for its business segments referring to the second quarter of 2020

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

CCC: revenue down by 21%, but e-commerce is getting strong

Jul 20, 2020 / Poland
The CCC Group ended the second quarter with revenue of nearly 290 million euros, 21% lower than a year ago. The decrease in revenue was the result of pandemic and temporary store closures. E-commerce generated almost half of revenue in the quarter

Nike, Zara and adidas are the most valuable fashion brands

Jul 17, 2020 / World
The BrandZ top 100 ranking of the world’s most valuable brands, released by WPP and Kantar, listed the Germany-based brand as number one brand in the apparel category. Nike is followed by European-based brands Zara and adidas

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

Richemont: quarter sales down by 47%

Jul 16, 2020 / Switzerland
During the quarter under review, the group’s trading and operations were strongly impacted by Covid-19 and sales contracted significantly across all regions, channels and business areas, notwithstanding a 49% increase in China
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