THE HIDE REPORT
China’s recovering retail, a blueprint for US revival?
As U.S. retailers map out plans to gradually reopen stores, retail has largely returned to normal in China and several footwear firms say they’re already seeing signs of positive results, reports Footwear News.
Nike says that a majority of its stores in China are open and president and CEO John Donahoe said Nike saw double-digit increases in retail traffic week-over-week with some stores having already returned to prior year levels.
Wolverine World Wide CEO Blake Krueger has said that “the stores there are not back to normal pre-crisis levels when it comes to their volumes but the consumer is out…There’s a lot of PPE
