Latest Footwear manufacturing News

FILE - In this March 26, 2020 file photo, a woman leaves a Walgreens pharmacy that is enforcing social distancing rules by allowing only a certain numbers of people in as customers line up on the sidewalk outside the store in New York. The coronavirus pandemic pushed the drugstore chain to a $1.7-billion loss in its fiscal third quarter, as customers stayed home to avoid the virus or consolidated their shopping to grocery stores. The international drugstore chain said Thursday, July 9 the rapidly spreading virus took a bite of between $700 million and $750 million out of sales in the quarter.  (AP Photo/Kathy Willens, File)

Walgreens lost $1.7B in 3Q as global pandemic tightened grip

Jul. 9, 2020 11:20 AM EDT

The coronavirus pandemic pushed Walgreens to a $1.7 billion loss it the most recent quarter with customers staying home or limiting shopping to essential supplies from grocery stores. The drugstore chain said Thursday that the rapidly spreading virus took a bite of between $700 million and $750 million from...

FILE - In this June 10, 2020 file photo, Jovita Carranza, Administrator of the Small Business Administration, testifies during a Senate Small Business and Entrepreneurship hearing to examine implementation of Title I of the CARES Act, on Capitol Hill in Washington. The Treasury Department said it is releasing on Monday, July 6 the names of more than 700,000 companies that received funds from the government’s small business lending program, a massive effort intended to support the economy as states shut down in April to contain the viral outbreak.  (Kevin Dietsch/Pool via AP, File)

The Latest: Financial firms among big relief fund recipients

Jul. 6, 2020 5:59 PM EDT

NEW YORK (AP) — The Latest on the Treasury decision to identify hundreds of thousands of businesses that received funding through the Paycheck Protection Program, created to preserve jobs at smaller businesses during the coronavirus pandemic: ___ The financial services industry received roughly $27 billion...

In this April 8, 2020, photo, employees work on a car assembly line at the Dongfeng Honda Automobile Co., Ltd factory in Wuhan in central China's Hubei province. The United States, Japan and France are prodding their companies to rely less on China to make the world’s smartphones, drugs and other products. But even after the coronavirus derailed global trade, few are willing to give up access to its skilled workers, vast market and efficient suppliers by moving factories closer to home. (AP Photo/Ng Han Guan)

Companies prodded to rely less on China, but few respond

Jun. 30, 2020 3:23 AM EDT

BEIJING (AP) — The United States, Japan and France are prodding their companies to rely less on China to make the world’s smartphones, drugs and other products. But even after the coronavirus derailed trade, few want to leave China's skilled workforce and efficient suppliers of raw materials to move...

A pedestrian browses the display window at The Loop fashion and shoe store as businesses slowly begin to reopen after social distancing restrictions shuttered storefronts nationwide, Tuesday, May 26, 2020, in Yonkers, N.Y. (AP Photo/John Minchillo)

NYSE floor reopens, traders buy shares of Crocs, airlines

May. 26, 2020 4:36 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to national and global response, the work place and the spread of the virus. ________________________ GREEN SHOOTS: States are in varying degrees of reopening, and so are...