News
Stella's revenue down by 16% in quarter one
One of the largest footwear manufacturers reported first quarter revenue down by 16%. Stella was also impacted by the outbreak of the Covid-19 in China and diffusion across the world
Aldo asks for creditors' protection
The Canada-based group, created in 1972, requested a creditors' agreement at the Quebec Superior Court. The same procedure was initiated in the United States and Switzerland might follow
Wock's solidarity initiative
Under the motto We are for you (Somos por ti in Portuguese), professional footwear company Wock has joined the efforts to fight the Covid-19 impacts and will donate 3000 pairs of shoes to healthcare professionals
Puma focuses on survival and recovery
The sportswear brand is working with 3 phases - Survive, Recover, Grow Again - as it deals with the impacts of Covid-19. First quarter sales declined by 1.3%, but in the current quarter revenue is at 50% normal level
US: athletic footwear hit hard by Covid-19
In its analysis of the first quarter of the year NPD confirm the expectations: Covid-19 has had significant impact across US athletic footwear and activewear businesses
Covid-19 puts US unemployment rate over 14%
According to the US Department of Labour 20 million Americans lost their jobs in April in what is the worst month since the Great Depression
Neiman Marcus files for bankruptcy
The luxury retailer became the first major US department store group to file for bankruptcy protection during the coronavirus pandemic
Germany: postponing season timings for footwear and leather goods
The HDS/L and buying groups SABU and ANWR issued a joint declaration recommending postponing the season timings in footwear and leather goods sector to help minimise the impact of Covid-19 closures
After Milan, Paris announces digital fashion week
Yesterday Camera della Moda has announced the first Milano Digital Fashion Week. In the same day the Fédération de la Haute Couture et de la Mode announced it is organizing a Paris Fashion Week online event
CHIC went digital
Chic Online premiered from the 22nd to the 24th of April. The first digital edition of China's fashion and lifestyle fair registered over 1 350 exhibitors engaged in more than 100 online activities
Nordstrom to close 16 stores as it restructures the business
As the company prepares to re-open ist stores, as Covid-19 restrictive measures start to be alleviated, Nordstrom has announced it plans to permanently close 16 full-line stores
First Milano Digital Fashion Week
Camera della Moda (the Fashion Chamber in Italy) is launching its first Milano Digital Fashion Week, to run from the 14th to the 17th of July, and showcasing Spring/Summer 2021 collections
Burberry says it will not apply for British state crisis money to pay salaries
With the UK under lockdown given the Covid-19 pandemic, many companies have taken advantage of the state job retention scheme. Burberry has said it won't take any of this cash
Re-opening the economies after Covid-19
As many countries start to alleviate the restrictive measures of the last weeks and re-open their economic activities, several concerns fill everyone's thoughts, as we all witness changes in retail, manufacturing, and consumption
J.Crew files for bankruptcy protection
The multi-brand, multi-channel, specialty fashion retailer J. Crew became the first major US retailer to file for bankruptcy protection in the middle of the coronavirus outbreak
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