Coronavirus Ticker

  • Micam Americas logo
    Article

    Micam Americas September edition cancelled

    2020-07-12T16:26:00Z

    The British trade fair organizer Informa Markets has cancelled the fashion trade show Magic , which includes the footwear show Micam Americas , scheduled to run from Sept. 30 to Oct. 2 at the Las Vegas Convention Center due to health, safety and travel concerns related to the Covid-19 pandemic. ...

  • Inventory
    Article

    ​How are retailers managing excess stock in Covid-19 times?

    2020-07-07T06:12:00Z

    Managing stock has always been a tricky part of any business. But it becomes even more so when demand evaporates overnight as occurred with the outbreak of the Covid-19 pandemic and the subsequent lockdowns worldwide, prompting manufacturers and retailers to be nimble and explore various different solutions.

  • Crocs new headquarters inside
    News briefs

    Crocs opens new headquarters in Colorado

    2020-07-05T09:21:00Z

    On June 24, Crocs , opened its new corporate headquarters in Broomfield, Colorado, less than 20 miles from downtown Denver. In addition to the nearly 375 current positions, the some 90,000 square foot facility located in the Atria campus will allow the company to “significantly” expand to hire more full-time ...

  • News briefs

    Marypaz to lay off staff, close stores in Spain

    2020-07-01T06:49:00Z

    Marypaz , the Spanish maker and retailer of women’s shoes and accessories, is planning to lay off 170 employees, out of a total workforce of 600 as of Dec. 31, 2019, in an effort to limit the damages of the coronavirus crisis. According to reports in modaes.es , the company ...

  • News briefs

    LVMH saw ‘rather vigorous’ signs of recovery in June

    2020-06-30T18:42:00Z

    The French luxury goods group LVMH says that it does not have a timeframe for when its business will return to normal but it noted “rather vigorous” signs of recovery in June. Speaking at the group’s annual general meeting, its chairman and chief executive Bernard Arnault warns ...

  • Beverly Feldman
  • News briefs

    Obuv Rossii starts selling bicycles

    2020-06-23T09:28:00Z

    As in many other countries, bicycles have become a hot commodity in Russia as an ecological alternative to public transport, in order to avoid contamination from the novel coronavirus, while keeping fit. Even a leading Russian footwear retailer, Obuv Rossii , has begun selling bicycles, handling after-sale servicing in its ...

  • Article

    Hotter plans to downsize with creditors’ support

    2020-06-22T05:52:00Z

    Electra Private Equity , which owns the British footwear manufacturer and retailer Hotter Shoes , plans to downsize the company through a company voluntary arrangement (CVA) process. A CVA enables an insolvent company to seek an agreement with its creditors. But, the arrangement has to be approved by ...

  • News briefs

    Kari inks partnership with AliExpress

    2020-06-19T07:37:00Z

    Russia’s biggest footwear retailer, Kari , has begun selling shoes and accessories through AliExpress . Kari placed nearly 1,000 different items on the AliExpress website – nearly half of its product range - offering a 40 percent discount on everything. Kari decided to conclude the agreement with AliExpress when it ...

  • Article

    Boohoo buys two brands, Oasis and Warehouse

    2020-06-18T07:00:00Z

    In the wake of its capital increase, that raised £197.7 million (€220.8m-$248.0m) in gross proceeds on May 15, the U.K. online fashion retailer Boohoo has bought two brands, Oasis and Warehouse , for £5.25 million (€5.9m-$6.6m) from Hilco Capital . The two brands will be integrated onto Boohoo’s platform, ...

  • News briefs

    Grendene suspends production in Sobral again due to Covid-19 lockdown

    2020-06-17T10:57:00Z

    The Brazilian footwear manufacturer Grendene has suspend production in Sobral, where it has its largest manufacturing base, following a municipal decree. The company already had to close its sites in the town and other parts of the country due to restriction orders to combat the propagation of the Covid-19 ...

  • News briefs

    Phillip Lim partners with The RealReal to sell unsold stock

    2020-06-07T15:48:00Z

    The American fashion brand designer Phillip Lim has struck an agreement with the online luxury consignment marketplace The RealReal to sell unsold items from previous collections of the 3.1 Phillip Lim brand at discounted prices, reported WWD . Brand products are placed in a dedicated online shop ...

  • News briefs

    GMS offers to renegotiate rents for its members

    2020-06-05T09:37:00Z

    Introducing a new service, GMS , the German voluntary group of shoe retailers, is offering to renegotiate rents with landlords on its members’ behalf. GMS would coordinate each single procedure beforehand with its members and would then take over the negotiations, if so desired. Many independent retailers have managed ...

  • News briefs

    Indonesia footwear industry loses 400,000 jobs due to Covid-19

    2020-06-04T08:56:00Z

    Nearly 400,000 workers in Indonesia’s footwear and leather industry have been forced to stop working so far due to the Covid-19 pandemic, according to preliminary data from Indonesia footwear producers’ association, Aprisindo . Many factories have temporarily closed, while capacity at others has been reduced to about 40 percent to ...

  • News briefs

    German retailers ask for help after a drop of 71% in April

    2020-06-03T15:55:00Z

    The Federal Statistics Office of Germany has reported a year-on-year decline of 70.7 percent for April in total sales of apparel, shoes and leathergoods, due to the retail lockdowns demanded by the government help stem the Covid-19 pandemic. Overall retail sales in Germany declined by 6.5 percent for the ...

  • News briefs

    Deichmann to support families in India during the current crisis

    2020-06-01T15:48:00Z

    Deichmann , Europe’s largest shoe retailer, will support about 15,000 families in India who are affected by the lockdown of schools due to the current coronavirus epidemic. The Deichmann Foundation and a local partner, AMG , will donate rice, vegetables, sugar, salt, tea, detergent and soap to supplement the ...

  • WGSN Future Consumer 2022
    Article

    ​WGSN sees three major consumer groups emerging from the crisis

    2020-06-01T14:19:00Z

    The coronavirus pandemic has accelerated societal changes and is forcing industries worldwide to adapt to the resulting changes in consumption. Thus, WGSN has set out to predict what consumers will be looking for in the next couple of years.

  • Article

    Macy’s’ credit rating downgraded to ‘BB’ by Fitch

    2020-06-01T06:52:00Z

    Macy’s credit rating was cut by Fitch , as, like many other American department stores, the retailer suffered from coronavirus-related lockdowns and has seen its leverage increase. 

  • News briefs

    Superga reopens its stores in Spain

    2020-06-01T05:55:00Z

    Superga , which is owned by the Italian group BasicNet along with brands such as Kappa , K-Way , Sabelt and Sebago , about a week ago reopened its three Spanish mono-brand stores that had been shuttered during the nationwide lockdown caused by the Covid-19 pandemic. The ...

  • News briefs

    Vida Shoes laying off staff, cutting wages

    2020-05-31T10:10:00Z

    U.S. footwear group Vida Shoes International is laying off staff and temporarily cutting salaries of employees as the Covid-19 crisis makes cost-cutting measures necessary. Vida did not reveal how many workers would be affected by the measures. The company said its restructuring would also involve an intensified focus on ...