VF Corporation reportedly plans to reduce footwear sourcing in the southern part of China to 11 million pairs by 2016, down from 40 million pairs in 2010. It plans to source more shoes from northern China, Vietnam, Bangladesh and elsewhere.
Shoe maker Clarks failed to keep up with retail trends while shareholders prioritized dividends over investment, according to one of the family members. Galahad Clark , a descendant of founders Cyrus and James Clark, said the company failed to “move fast enough into the 21st century”, ultimately leading ...
The company voluntary agreement (CVA) of the upmarket British retailer L.K. Bennett was approved by creditors. It will result in five stores closing down and the remaining shops switching to turnover-based rents. The chain has 18 standalone stores. Among the creditors who voted against the CVA was the ...
Schuh , the British footwear retailer owned by the U.S. firm Genesco , has obtained a £19 million (€20.9m-$25.5m) financing facility with Lloyds Bank . The funding is part of the U.K. Treasury’s Coronavirus Large Business Interruption Loan Scheme (CLBILS). Schuh already had a credit facility with Lloyds and ...
Site powered by Webvision Cloud