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ArticleCrocs raises guidance as Q2 revenues stride ahead
Crocs reported better-than-expected second-quarter sales and raised its full-year guidance on the back of strong global demand for its products, despite supply chain disruptions caused by the Covid-19 pandemic. Easily beating an analyst consensus forecast of $565.2 million, the company posted record revenues of $640.8 million for the ...
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Crocs makes sustainability pledge
Crocs has pledged to have net zero carbon emissions by 2030, and to this end it will be increasing the sustainability of its materials, changing its packaging and investing in “resource use” and “product afterlife solutions.” The American brand is modifying the composition of its shoes’ main ingredient, Croslite ...
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Skechers’ sales rise by 127.3%, driven by comfort trends
Skechers reported a 127.3 perrcent increase in revenues to a record level of $1.66 billion for the second quarter ended June 30, with a growth of 117.5 percent in local currencies and of 31.7 percent from the second quarter of 2019. Improving its guidance for the full financial year, ...
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Bangladesh imposes a two-week lockdown
The Delta variant of Covid-19 has led the government of Bangladesh to impose a nationwide lockdown on the country’s textile and apparel industry, which is the world’s second-largest exporter of these products after China, starting on July 23. It will come on the heels of the Muslim Eid al-Adha holidays, ...
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Covid outbreak closes major factories in Vietnam
A sudden and violent outbreak of the Covid-19 epidemic in Ho Chi Minh City (HCMC) and its environs is expected to delay shipments of sports shoes and apparel and may result in a loss orders for local manufacturers, according to the local NV Express , which cited the shutdown of ...
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Chinese port congestion won't be cleared until the end of June
A backlog at Yantian, China’s largest container terminal, will take several weeks to clear, according to Maersk . The world’s largest shipping company told the news agency AFP that it had been informed by the port’s authorities that activity will return to normal by the end of June. The ...
