All Article articles – Page 124
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Fashion firms protest against Brazilian wildfires
Members of the fashion and athletic industries are adding to the wave of support that is coming from activists, celebrities and institutions to help fight the current wildfires in the Amazon rainforest.Bernard Arnault, the chief executive of LVMH, has announced that the luxury conglomerate will contribute €10 million, as part ...
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Tariffs hit American shoe retailers
U.S. footwear brands and retailers continue to wonder how just how high their import duties are going to be on imports from China. It will depend on the discussions between the two governments. The timetable is critical as vendors will have to price products from November on for the autumn/winter ...
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German shoe retailers recover amid online growth
German shoe retailers' sales grew by 2.5 percent in the first half of this year, recovering from the decline last year, which was due to unfavorable weather, according to the Federal Association of Shoe Retailers, BDSE.The weather played a role again in the growth, according to BDSE's president, Brigitte Wischnewski, ...
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ANWR gets fewer orders, reports CEO’s departure
The ANWR Group's centralized settlements dropped in the first half of this year as affiliated shoe retailers continued to purchase less inventory. However, the retailers posted moderate growth, thanks to both to de-stocking and rising online sales.The results were communicated during one of the voluntary group's house fairs and before the ...
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Belarusian try-on app promises a revolution in the shoe market
Lamoda, a major Russian online retailer controlled by the Global Fashion Group, has introduced a way to try on footwear through augmented reality (AG). The technology, which is as yet available only as an app on an iOS platform, has been developed by Wannaby, a high-tech start-up in the nearby ...
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Turbulence is predicted in Belarus’ footwear market
Belarus may experience a strong increase in domestic prices for all shoes if some planned restrictions are introduced on imports of second-hand products in a country where the average monthly salary amounted to around 1,000 Belarus rubles (€435-$465).The measure has been requested from the government to prompt local citizens to ...
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Belarusian retailer expands in Russia
Belwest, a Belarusian shoe retailer operating in the higher segment of the market, is aiming to expand its retail network by 12 percent this year, but most of its 42 new stores are due to be opened in Russia. It also has disclosed plans to move into the Baltic countries, ...
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Gallery Shoes was O.K., unlike Panorama in Berlin
The fifth edition of the Gallery Shoes fair, the three-day trade show held at the Areal Böhler in Düsseldorf, ended its fifth edition on Sept. 3 with similar results to those of a year ago. The fair hosted around 600 brands and 400 exhibitors, with about 35 percent of the ...
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Better sales and profits for Caleres
Caleres posted good results for its second quarter, ended on Aug. 3. The group's sales progressed by 6.5 percent to $752.5 million, despite a decline at its Famous Footwear retail chain. The growth was supported by a double-digit improvement for its growing portfolio of wholly-owned footwear brands, including Allen Edmonds, ...
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Norway’s new Zero°C brand uses Gore-Tex for urbanwear
Founded by two veterans of Viking Outdoor Footwear, ZDC Footwear is the first start-up to have been granted a license by Gore-Tex to use its technology to insert thin laminates in its footwear products, where fashion is supposed to meet function for the benefit of urban dwellers in Scandinavia, the ...
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Designer Brands’ profits surge despite lower sales at DSW
Designer Brands, the American shoe retailing group previously called DSW after its main property, bounced back in its second fiscal quarter, ended on Aug. 3, posting a net income of $27.4 million against a loss of $38.6 million for the year-ago period.Revenues increased by 8.2 percent to $860.2 million, mainly ...
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Xtep grows briskly while developing a multi-brand model
Before publishing very good results for the first half of this year, Xtep International Holdings of China announced the completion on Aug. 1 of its acquisition of K-Swiss and its various footwear labels, including Palladium and Supra, for $260 million from E-Land of South Korea. The entire business had a ...
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New owners and managers for La Canadienne
Nicolas Martire, a former managing director of Elan Polo Europe and a former executive of the Aldo Group, has been appointed as chief executive of La Canadienne, a company that produces waterproof leather and suede boots at its own factory in Montreal. Nicolas Topiol, who has been the president and ...
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Mixed results for Shoe Carnival
The U.S. shoe retailer had another quarter of sluggish sales, after a slow first quarter. Revenues decreased by 0.1 percent from the year-ago quarter to $268.2 million. However, comparable store sales improved by 1.4 percent, driven by Athletic footwear.The trend toward athleisure and away from performance styles dominated sale of ...
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Inditex turns to Turkey, India ready to step into China’s shoes
A Turkish shoe manufacturer, Ersin Ayakkabi, is increasing its production lines from eight to 10-11 over the coming weeks in response to new demand from Inditex, the big international fast-fashion retailer, which is shifting at least some of its production away from China. Ersin Ayakkabi already produces shoes for two ...
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Internet sales grow in a downward market
While exports are holding up in terms of value, thanks to higher prices, Italian producers and importers were faced with a decline in domestic consumption. Overall expenditures on footwear by Italian households fell by 3.2 percent in the first half to an estimated €2.92 billion.Online sales of shoes increased by ...
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Russia may drop preferential taxes for shoe retailers
All the shoe stores in Russia must be transferred to the common tax regime under a draft bill that has recently passed first reading in the Russian Parliament. They would not be eligible any longer to just pay a single small tax of 15 percent on their profits or to ...
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Germany exports more outsourced shoes, imports less from EU
The revenues from the sales of footwear made in Germany, a large portion of which consists of safety and sports shoes, increased by 2.8 percent in the first six months of 2019 to €1.60 billion. As last year, they were essentially driven by the domestic market, where sales by manufacturers ...
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Uzbekistan targets full self-sufficiency in footwear
Uzbekistan is meeting almost 100 percent of the domestic demand for men's shoes and 70 percent of the domestic demand for women's shoes, according to recent comments by Dilobar Zufarovu, a spokesperson for the national shoe industry association. Moreover, the national government has indicated its support for new protectionist measures. ...
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New sourcing tool for footwear at Micam
Elias Grondal, a former footwear product manager at H&M, has developed a new open-source database of shoe manufacturers, called Findsourcing, that enables matchmaking with potential clients over the internet. He will present it at the Micam trade show opening in Milan on Sunday (Hall 6-C43).Brands and retailers currently rely on ...
