In recognition of frontline healthcare workers combating COVID-19 around the world, Nike will partner with nonprofit Good360 in the United States and local organizations across Europe to donate more than 140,000 pieces of footwear, apparel and equipment globally. Athletes like Joshua Buatsi, Cristina Chirichella, Amandine Henry, Sabrina Ionescu, Anni Espar Llaquet, Ja Morant, Joc Pederson, […]
Walmart-owned e-commerce company, Flipkart, has appointed Sriram Venkataraman as Chief Financial Officer for Flipkart and Myntra, the company said in a statement. This appointment will be effective immediately. In his new role, Venkataraman will be responsible for key finance operations and functions at Flipkart and Myntra, including Tax, Risk Management, and Treasury. He will also […]
Ever since the lockdown was imposed on March 24, the Indian retail sector has lost approximately Rs 5.50 lakh crore during this 40 day period and the country is likely to witness at least 20% of Indian retailers collapsing and winding up their businesses in the next few months, said The Confederation of All India […]
The Prada Group has restarted operations with in-depth coronavirus testing for employees, setting a benchmark for the fashion industry. The progressive program begins with the partial reopening of industrial sites in Italy’s Tuscany region — where 300 employees work in the leather goods, apparel and footwear departments of its Arezzo premises. The departments involved focus […]
Amid the coronavirus pandemic, Walmart has given its front-line workers a cash boost. The retailer has announced that it has paid nearly $180 million in cash bonuses to hourly workers, with more to come in May. The $180 million figure comes in addition to cash payments, of $300 and $150, respectively, Walmart made to full- […]
Crocs, Inc., a global leader in casual footwear for men, women, and children, in partnership with the brand’s global brand ambassador, Priyanka Chopra Jonas, announced to donate 10,000 pairs of footwear to healthcare professionals in Kerala, Maharashtra, Haryana, and Karnataka. This charitable contribution is an initiative by Crocs and Priyanka to support healthcare professionals in […]
The sales of British footwear brand Clarks has been adversely affected in India because of the COVID-19 outbreak, resulting in the brand to hold back its expansion plans. There will be around 20% drop in sales in 2020, assuming that the market would bounce back to normalcy by June-July, the company said. It maintained that […]
Footwear brand Alberto Torresi has introduced a pacific range of sports/training sneakers, flyknit collection. Available in high-spirit tone of white, blue, red, black, yellow and grey, precisely engineered shoes of this range are truly a minimalist design with maximum returns, claims the brand. With each element having a purpose, the sportswear/training shoes carry softness enriched […]
As the COVID-19 panic gets uglier, Indian leather products and footwear exports industry lost about Rs 1,500 crore worth of orders from the USA and Europe in just two days, according to Council For Leather Exports. Since March 17, there had been unprecedented and adverse developments in the country’’s $5.5 billion leather goods export which […]
Italian shoes and clothing brand Geox is going to close about eighty stores in the coming years, fifty of which are in Europe. Last year the Italian retailer’s net loss increased five-fold to almost 25 million euros. Geox accelerates the restructuring of its store network and closes eighty stores worldwide over a period of three […]
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