Unichel restructures its retail network
Russia’s biggest shoe manufacturer, Unichel, is restructuring its retail network to mitigate the impact of the Covid-19 pandemic.
Primark loses £540m in sales in 4 months due to Covid
The Irish clothing retailer Primark suffered a loss of sales of £540 million (€608m-$739m) in the 16 weeks to Jan. 2 due to store closures deriving from lockdowns in various European countries to combat the spread of the Covid-19 pandemic.
Copenhagen International Fashion Fair cancels February edition
Copenhagen International Fashion Fair (CIFF) will not hold its regular February edition after the Danish government prolonged restrictions to combat the propagation of the Covid-19 pandemic.
How Covid-19 has impacted companies’ trade show budgets
It has become commonplace to say that the Covid-19 pandemic has dramatically accelerated trends that were already underway with the digitalization of the economy and society in general.
Designer Brands expects to struggle well into 2021
The American shoe retailer Designer Brands, formerly known as DSW, believes that the Covid-19 pandemic will continue to have a significant impact on its business next year and does not expect significant improvement until late spring 2021 or even the next back-to-school season.
Primark faces £430m sales loss in the autumn due to Covid resurgence
The Irish clothing retailer Primark is expected to suffer a loss of sales of some £430 million (€476.1m-$579.1m) this autumn due to the second round of local Covid-19 lockdowns, according to its parent company, Associated British Foods (ABF).
Coronavirus plunges Leder & Schuh into the red
The coronavirus pandemic has taken a heavy toll on Leder & Schuh Group. The Austrian shoe retailer, with its Humanic and Shoe4You brands, expects losses for the full year. Results will be “clearly negative,” according to a recently filed financial statement.