Coronavirus Ticker – Page 4
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News briefs
Grendene suspends production in Sobral again due to Covid-19 lockdown
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 ...
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News briefs
Phillip Lim partners with The RealReal to sell unsold stock
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 ...
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News briefs
GMS offers to renegotiate rents for its members
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 ...
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News briefs
Indonesia footwear industry loses 400,000 jobs due to Covid-19
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 complete ...
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News briefs
German retailers ask for help after a drop of 71% in April
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 month, ...
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News briefs
Deichmann to support families in India during the current crisis
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 ...
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ArticleWGSN sees three major consumer groups emerging from the crisis
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.
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Article
Macy’s’ credit rating downgraded to ‘BB’ by Fitch
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.
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News briefs
Superga reopens its stores in Spain
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 ...
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News briefs
Vida Shoes laying off staff, cutting wages
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 ...
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Article
UK stores look to June 15 reopening with concern
The UK’s non-essential retailers are getting ready for a June 15 reopening date, after retail sales volumes tumbled in the wake of lockdown measures imposed to slow the spread of the Covid-19 outbreak. But, shopkeepers are concerned about the business environment, and more than a third of women and youth ...
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News briefs
Johnsons Shoe Company files for creditor protection, seeks buyer
The British family-run retailer Johnsons Shoe Company has fallen victim to the Covid-19 pandemic and was placed into administration, a procedure which gives it protection from creditors. On April 23, Ian Defty and Richard Toone of the accounting and law firm CVR Global were appointed ...
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Article
Spain permits large stores to open in “Phase 1” regions
Spain’s Ministry of Health has revised its initial guidelines for stores re-openings in Phase 1 regions. By the estimate of the Spanish daily El País , about 70 percent of Spain is currently in Phase 1 of the country’s “de-escalation” of the Covid-19 lockdown. Madrid, Barcelona, certain other populous cities ...
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News briefs
Wock contributes to Covid-19 fight
Wock , the professional footwear brand owned by the Procalçado group along with the label Lemon Jelly , is donating 3,000 pairs of shoes to healthcare professionals in its home country of Portugal at the forefront of the fight against Covid-19. Under the motto “Somos por ti,” (We ...
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Article
Visa witnesses “massive” surge in e-commerce use
Confirming other studies showing that the Covid-19 pandemic and subsequent lockdowns have spurred online sales, the financial services company Visa said that it is seeing a “massive acceleration toward e-commerce adoption.”
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Article
VF claims it can navigate through the Covid storm easily
In releasing its financial results for the fourth quarter ended on March 31, the management of VF Corp. insisted that the company is in a better position than some of its competitors to navigate through the “storm” caused by the coronavirus pandemic for several reasons, including good liquidity, a ...
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News briefs
Deichmann donates over a million face masks to Caritas
Deichmann , Europe’s largest shoe retailer, has donated over 1 million face masks to the charity Caritas in Berlin. The masks will be donated to people in need of care, socially disadvantaged or homeless in the German regions of Berlin, Brandenburg and Western Pomerania.
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News briefs
Two Ten faces a huge increase in demand for aid
The American footwear sector’s charity Two Ten Foundation is receiving applications for financial assistance at a rate that is 10 times greater than at any other point in its history as people find themselves out of work due to the coronavirus, Footwearbiz reported. The foundation was ...
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Article
Some shoe stores resume operations in Russia
While big cities like Moscow and St. Petersbourg are still locked down, about 15 percent of the 85 Russian regions have allowed brick-and-mortar shoe stores and a few other types of retailers of non-essential items to resume operations after President Vladimir Putin lifted the nationwide quarantine designed to fend ...
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News briefs
Munich reopens 5 Spanish stores
The Catalan footwear group Munich reopened five out of its 20 stores on May 11, as Spain partially lifted a nationwide lockdown. Munich closed its stores on March 14, when the government introduced a state of emergency to combat the Covid-19 pandemic. The stores are open from 11.00 ...
