Footwear
Europe in the midst of Covid-19: consequences for footwear
Reports come from several countries regarding retail closures. Manufacturing continues to be on, although some issues with access to raw materials are being felt by some businesses
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
Keen donates 10 million US dollars in shoes for coronavirus relief
The Portland-based company will give away 100 000 pairs of shoes, with a retail value of 10 million US dollars, to those affected by coronavirus, including health care workers and people who have lost jobs
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
How Covid-19 is impacting the Asian countries
Over the last few days, we have all received reports of retail closures and limitations on the manufacturing activity from all over the world. Today we bring you updates from the situation in the Asian countries
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 sales
Shoe Zone announces deferral of dividend payment
The company is planning to cancel its final dividend payment after witnessing a drop in footfall as a result of the Covid-19 pandemic
Portuguese Footwear Industry promotes Immersive Factory Visits
Join the "Sexiest industry in Europe” and get involved with different shoe manufacturing techniques. All delivered during a week spent in one of the must visit cities in Europe: Porto
Under Armour is temporarily closing North American stores
The Baltimore-based company has announced they will close all stores in North America from the 16th of March through the 28th of March 2020
New Balance: closures across office, factory and retail
In a statement issued by the company, Joe Preston, President and Chief Executive Officer, announced a series of measures to ensure the health of associates, customers, and communities
US associations issue joint statement on reports of forced labour
5 trade associations in the US issued a statement on reports of forced labour in the Xinjiang region of China, reinforcing they won't tolerate forced labour in their supply chains
CEO Jide Zeitlin commits to lead Tapestry
The Chairman and Chief Executive Officer of the group has committed to continue leading Tapestry for the next three years as the group defines and implements its multi-year growth agenda
Lower sales of the German footwear manufacturers
During Gallery Shoes, the Federal Association of the German Footwear and Leather Goods Industry held its Press Conference to give an update about the German footwear industry
FDRA asks for a freeze on shoe duties
Footwear Distributors and Retailers of America (FDRA), the footwear industry’s business and trade association, sent a letter to the White House applauding the proposed payroll tax cut but also encouraging a freeze on footwear duties-
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