All Coronavirus articles – Page 6
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Article
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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News briefs
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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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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Article
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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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
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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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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News briefs
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 ...
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News briefs
Tourism drought expected to reduce European luxury sales
LVMH said it expects revenues to drop by 10 to 20 percent year-on-year in the first quarter of 2020, as restrictions to combat the Covid-19 pandemic have forced the group to close production sites and stores in several countries. Separately, the bank RBC Europe said that overall global ...
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News briefs
Sanita donation
Sanita , the brand specializing in professional clogs, has announced that it will be donating a part of every purchase from April 3 through the end of the month to support medical providers and hospitality workers, in connection with the ongoing coronavirus crisis. These professional categories also happen ...
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News briefs
Havaianas for healthcare workers
Alpargatas , the Brazilian group that owns the Havaianas brand, has converted its production lines to produce clogs for the medical sector. The company will donate 18,000 pairs of shoes designed for use by healthcare professionals in São Paulo hospitals, made in the Havaianas factories in place of flip-flop ...
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News briefs
France faces a significant rise in bankruptcies
A French legal information provider Infolegale, said that France faces the risk of experiencing a first “significant” wave of corporate bankruptcies from the end of April as the most fragile companies succumb to the economic impact of the Covid-19 pandemic. Based on bankruptcy rulings issued between April 1 and 3, ...
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News briefs
Clarks plans to permanently close some U.K. stores
Clarks intends to permanently close a “small number” of stores, which will not reopen after a nationwide lockdown is lifted in the U.K. The footwear company has 347 stores in the country, which were all closed due to the Covid-19 pandemic. According to the daily The Sun , Clarks ...
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News briefs
Foschini to forgo rent payments during South African lockdown
The South African retailer Foschini has said that it will not pay rent on its stores during the nationwide Covid-19 lockdown that began on March 27. “Once the situation normalizes we will then be able to assess the full financial impact on the business and will engage with you ...
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News briefs
Portuguese footwear factories are producing masks
Several footwear companies in Portugal’s northern towns of Felgueiras, Oliveira da Azemeis and São João da Madeira are temporarily replacing the production of footwear with the manufacturing of medical masks, according to the website of the country’s footwear association, Apiccaps . The equipment will be donated to healthcare professionals and ...
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News briefs
Ferragamo contributes to renovation of Florentine hospital
In a move intended to alleviate the healthcare problems caused by Covid-19, Salvatore Ferragamo and a Florentine foundation have financed the renovation of two wards of a disused hospital in Florence, I Fraticini, which now has 60 beds for patients recovering from the novel coronavirus or who need to ...
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News briefs
Confindustria asks landlords to postpone rents
The Italian government having halted most commerce until April 3, Confindustria Moda has written to commercial landlords asking them to postpone the payment of rents or renegotiate leases for the Italian fashion retailers it represents. The association’s president, Claudio Marenzi , worries that the situation in Italy is far ...
