United States
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
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
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
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
Sports footwear sales down by 75% in the US
According to NPD Group’s weekly retail tracking service in the 5th week of March the drop in sports footwear sales reached 75%, in line with the previous week decline
Tapestry stores continue closed in many locations but China re-opened
Tapestry has extended store closures in North America and Europe for an additional two weeks (through the 24th of April). Stores in China have re-opened
PVH completes sale of Speedo North America
PVH announced the completion of the sale of its Speedo North America business to Pentland Group, parent company of the Speedo brand, for 170 million US dollars in cash
Nike announces new round of Covid-19 donations
Including the new donation, Nike’s leaders, the Nike Foundation and Nike have committed more than 17 million US dollars to Covid-19 response efforts around the world
US consumption declines by 16%
US-based NPD is monitoring the consumption in the country and has concluded the decline in the week terminating on the 21st of March reached two digits rates
US: consumers shifting e-commerce spending towards apparel and footwear
A global payments and shopping provider Klarna has analysed all the transactions made through its retail partners as well as through their app in the last few weeks
Capri implements more measures to deal with Covid-19 impact
As Covid-19 continues to spread in the US and in the world, the luxury group has announced more measures to face the situation. Capri aims to maintain the company’s financial flexibility
Shoe Carnival extends store closures
The US-based footwear retailer has announced it would be extending its store closures until further notice, given the diffusion of the Covid-19 in the country-
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