Footwear
Under Armour with phased store re-opening in North America
The company reopened its first US stores to customers on the 15th of May and opened additional stores last week. By today Under Armour will have welcomed customers back to nearly 50% of its North America stores
Shoe Carnival: sales go down by 41.9% in quarter one
The Evansville-based retailer reported results for the first quarter ended on the 2nd May 2020 marked by a decline in sales of 41.9%, resulting mainly from all stores being closed for approximately 50% of que quarter
Capri gives update regarding phased reopening of global stores
After taking the hit of the diffusion of Covid-19 and having most stores closed across the world, Capri now has slightly more than half of the company’s global retail fleet of stores open
JCPenney to close 242 locations
According to a filing with the Securities and Exchanges Commission, retailer J.C. Penney, which recently filed for bankruptcy protection, plans to close more than 200 locations
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
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
Tod's with 29.4% drop in sales
The Italian-based luxury group had a strong start of the year, until the outbreak of the pandemic. Group sales totaled 152.8 million euros in quarter one, down by 29.4% in the first quarter of 2019
Aldo to close Irish business
The news platform The Times is reporting that retailer Aldo is retrieving from Ireland. The footwear retailer has filed for bankruptcy protection in Canada, the US and Switzerland to restructure the business
Johnsons Shoes Company enters administration
The retailer, which operates under the brands Johnsons Shoes and Bowleys Fine Shoes, has entered administration after suffering the impact of the Coronavirus pandemic. CVR Global were appointed as administrators
Clarks to cut 900 jobs globally
The British-based shoemaker has announced it will reduce its workforce by 900 over the next 18 months. The company which was already experiencing some issues took the hit of Covid-19
ColombiaModa with digital edition
In July, Medellín will receive a new edition of ColombiaModa, this year in a virtual format. Through an online platform, the fair will offer retail sales and business meetings for the national and international markets
Caleres reopening strategy
Caleres began to reopen retail stores in areas where restrictions have been relaxed or lifted, and by the end of May it expects to have 435 of its locations re-open
Von Wellx shifts production from China to India
The Germany-based manufacturer is moving its production from China to India. The project can create thousands of jobs in the Uttar Pradesh region
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
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-
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