News
Trump administration announces 90-day duty payment delay
The announcement was well received but the footwear industry associations claim an extension to all goods, as any products facing punitive tariffs imposed by the administration in its trade war with China are excluded
US footwear industry claims for more support
As we write this article the US is the country with the largest number of infected people with Covid-19 (almost 760 thousand people) and fatalities. The footwear industry claims for more assistance
New Generation: meet Ana Neto and Daniela Marques
Two friends of a lifetime have come together to bring to life a shared dream: create a business. And the brand Maria Maleta was born
Dickies to make 3.4 million isolation gowns for health care workers
Legacy workwear brand, Dickies, and parent company, VF, announced the beginning of the production of medical gowns for US healthcare workers
Belgium: start of the summer sales put back to 1st of August
This year’s summer sales will start a month later than normal in Belgium. The decision to postpone the start of the sales by a month is an attempt to mitigate the economic impact of the coronavirus pandemic on retail
LVMH cancels prize final and launches solidarity fund
As a result of the Covid-19 pandemic, the final of the 7th edition of the LVMH Prize for Young Fashion Designers, originally scheduled on 5th June 2020 at the Louis Vuitton Foundation, has been cancelled
Andrew Tam appointed as CFO of Stella International
Don Lee is retiring as CFO and will become a consultant to the Group. Andrew Tam will take on the position from April 2020 onwards
The North Face commits 1 million US dollars to Covid-19 efforts
The company is joining the fight against Covid-19 pandemic with the donation of 1 million US dollars through its social advocacy platform. North Face is also donating 60 000 gloves
Nike turns Nike Air into PPE
The sportswear giant has teamed up with the Oregon Health & Science University (OHSU) to come up with Personal Protective Equipment in the form of full-face shields and powered air-purifying respirator (PAPR) lenses
Brazil: 86% of the Brazilian footwear factories are paralyzed
The South American country has almost 29 thousand reported cases of Covid-19 and more than 1 700 deaths. Most of the footwear factories have stopped operations
BASF donates over 100 million protective masks
As part of BASF’s “Helping Hands” campaign in the fight against the coronavirus pandemic, the company is donating 100 million protective masks to the Federal Republic of Germany
John P. Bilbrey joins Tapestry Board of Directors
The New York-based house of modern luxury accessories and lifestyle brands announced that John P. (J.P.) Bilbrey has been appointed to Tapestry’s Board of Directors, bringing the membership to eight
Caleres expands liquidity position
The St. Louis-based company has exercised a portion of the accordion feature on its asset-based revolving credit facility, which increased the available borrowing capacity under the facility to a total of 600 million US dollars
Italy: entire footwear supply chain in lockdown
The spread of Covid-19 has been particularly severe in Italy, where the sanitary crisis is now paired with a lockdown of most productive activities. The footwear industry is no exception
Hermès: one China store with 2.7 million US dollars sales in one day
WWD is reporting that Hermès China's second-largest Guangzhou flagship has registered 2.7 million US dollars in sales on the reopening day
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