Coronavirus Ticker – Page 6
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Yue Yuen’s manufacturing revenues fall by 10%
Yue Yuen Industrial Holdings is warning investors that its results for the first quarter of 2020 will show a net loss of $50 million to $70 million, compared with a gain of $75 million in the year-ago period, because of the disruption of its supply chain and the ...
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Schuh Trust makes Covid-19 donations
The British Schuh Trust is donating £2 million (€2.3m-$2.5m) to the National Emergencies Trust and £1 million (€1.1m-$1.2m) to the NHS Charities Together Covid-19 Appeal . In total this is about a 12-fold increase from the trust’s average yearly charitable donations since 2011, when it was founded by ...
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Wolverine Worldwide launches several support initiatives in Covid-19 fight
Wolverine Worldwide, based in Rockford, Michigan, has launched a series of initiatives to support health services and people under financial stress due to the Covid-19 pandemic. The group has donated more than 35,000 face masks to Spectrum Health in Grand Rapids, Michigan. The protective equipment will be used ...
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Peter Kaiser manufactures face masks
Peter Kaiser started manufacturing face masks at its production site in Germany. The masks are made from black or white cotton and can be attached to the head with elastic straps. They are only intended for personal use and have not been certified.
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Ara Shoes donates shoes to people working in the health care system
Ara Shoes has donated shoes for every employee of a hospital in Heinsberg, Germany. The company also launched a social media campaign via Facebook and Instagram on March 30 to support and pay tribute to people who work in the health care sector, food retailing or help ...
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Ecco goes more digital
The expansion of Ecco’s store portfolio growth slowed to the addition of only six extra shops, with 200 openings and 194 closures. On the other hand, investments in direct-to-consumer sales channels continued in 2019, with net sales from retail and e-commerce combined increasing by 10.9 percent. Revenues from online channels ...
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Covid-19 will shake the Russian footwear market
The Russian footwear market is expected to suffer a double whammy consisting of higher prices, due to the depreciation of the ruble, and lower demand, stemming from the lockdown to combat the Covid-19 pandemic and economic hardship. The price of shoes is predicted to jump by 20 to 35 percent ...
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Camper supports regional health services
Camper has embarked on numerous initiatives to help fight the Covid-19 pandemic. The Spanish shoe brand has started to use its own 3D printers to manufacture components for medical protective visors. One hundred pieces can be printed each week at its facilities in the Balearic Islands to be given ...
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News briefs
Caprice manufactures face masks in Pirmasens
Caprice , the shoe brand owned by Wortmann , started manufacturing face masks to be donated to healthcare facilities in Pirmasens, Germany, where the company is based. Caprice is sewing face masks from pure cotton on machines used to make prototypes of leather shoes.
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News briefs
Lloyd presents new store concept
Lloyd Shoes presented a new store concept at an 80-square meter location in Ludwigsburg on March 12. The format aims to represent the international image of the German footwear brand, making a clear differentiation between product segments, including men’s and women’s shoes, bags and other leathergoods and accessories. ...
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Article
Vivarte turns to courts to save La Halle
To avoid a total collapse of La Halle , hit by the closure of all of its stores due to Covid-19, the Vivarte retail group has opened a ”safeguard procedure” with the Paris Commercial Court. The aim is to restructure the debt of the big French chain of low-priced ...
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Article
Spain, Portugal to benefit from accelerated reshoring
The novel coronavirus Covid-19 pandemic could lead to an acceleration in the reshoring of manufacturing to Europe. Alicia Garcia-Herrera , senior fellow at the European think tank Bruegel , said in an interview with Exame magazine that the shift could be significant for countries such as Spain and Portugal. ...
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ArticleGlobal footwear consumption seen down by 22.5% in 2020
The Covid-19 pandemic is expected to slash global footwear consumption by 22.5 percent this year and prompt the industry to rethink the organization of the supply chain. Sneakers and e-commerce continue to be viewed as the growing segments of the market over the next three years.
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News briefs
Superfeet masks
Superfeet and sister company Flowbuilt Manufacturing have started producing PPE (personal protective equipment) masks with 3D-printed elements, using their printing and manufacturing facilities in Ferndale, in the state of Washington. Around 30,000 of these masks will be made and immediately distributed to medical facilities in need in the ...
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U.S. shoe retail chains react to Covid-19
Genesco furloughed several employees at its corporate offices, call centers and distribution centers, slashing its workforce by 90 percent. More highly compensated employees will have their pay reduced. The group said it will continue to maintain health benefits for all furloughed employees. On a positive note, Genesco said that ...
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CCC’s online sales mitigate coronavirus impact
CCC , the international Polish-based shoe manufacturer and retailer, saw revenues for the first quarter of 2020 decline by 9 percent from the year-ago quarter to PLN 944 million (€207.9m-$226.5m).
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News briefs
Clarks temporarily closes stores in the U.K. Ireland and the U.S.
Clarks has closed all of its stores in the U.K., Ireland and the U.S. to help curb the Covid-19 pandemic. According to its general manager for the U.K. and Ireland, Joe Ulloa , store employees will continue to receive pay and benefits, and the company’s online store will remain open. ...
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News briefs
ID Factory offers free platform access to leathergoods companies
According to the online portal Footwearbiz , the ID Factory of Arzignano, Italy, is offering a six-month access, free of charge, to a basic version of its platform to companies in leather industry. The company provides cloud-based data-sharing systems for businesses in the fashion supply chain, and its service ...
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LVMH donates ventilators, makes masks
LVMH , the luxury giant controlled by Bernard Arnaul t, is donating 261 ventilators to French hospitals to help fight the coronavirus pandemic. Twenty of these devices have already been delivered to hospitals, according to Bloomberg . LVMH has also reopened 12 of its 16 Louis Vuitton handbag factories ...
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Tod’s owners help healthcare workers’ families
In an appropriate gesture of solidarity, the family of Diego and Andrea Della Valle , which controls Tod’s , has reportedly allocated €5 million to support the families of healthcare workers who have lost their lives in the fight against Covid-19. The funds will be managed by Protezione Civile ...
