All Article articles – Page 4
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ArticleBirkenstock buys its Australian distributor
Birkenstock Holding, the UK-based parent company of the German sandal maker, signed a definitive agreement for the acquisition of its long-standing distributor Birkenstock Australia Pty. Ltd. “This acquisition seeks to ensure a seamless succession for the two founders of Birkenstock Australia – Marcel and Manuela Goerke. Birkenstock’s commitment to invest ...
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ArticleArklyz continues to expand in footwear with the acquisition of Gabor
Arklyz, a Swiss sports and lifestyle firm, has signed a definitive agreement to acquire Gabor Shoes together with all its operating subsidiaries. No financial details were released. “Gabor is a highly respected brand with deep roots in quality and comfort excellence,” said Param Singh, the owner and CEO of Arklyz. ...
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ArticleSnipes scraps planned logistics hub in Bedburg
The sports and lifestyle retailer Snipes has canceled plans to build a major logistics center in Bedburg, in the North Rhine-Westphalia of Germany, which was supposed to open next year, and will instead partner with the logistics provider Arvato. Originally announced in February 2023 to support the company’s ambitious European ...
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ArticleAustrian shoe retailers post a strong sales increase in H1
After several challenging years, Austria’s retail sector is showing signs of recovery and posting its first real growth in four years in the first half of 2025, with the shoe industry leading the rebound, a survey by the Austrian Institute for Economic Research (IFÖW) showed. According to the report, total ...
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ArticleEuropean Parliament proposes 16-year age limit to access social media
A committee of the European Parliament is proposing a 16-year old age limit to access social media in order to protect minors’ safety online On Oct. 16, the members of the Internal Market and Consumer Protection Committee of the European Parliament adopted a report, by 32 votes in favour, ...
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ArticleArmani appoints a CEO
The Italian fashion house Giorgio Armani SpA has appointed Giuseppe Marsocci as Chief Executive Officer with immediate effect. The choice is based on Marsocci’s more than 35 years of international experience in the fashion and luxury sector, including 23 years with the Armani group, where he held roles of increasing ...
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ArticleIndia fails to increase its share in global footwear exports
India’s footwear industry is failing to increase its share in global exports due competition from countries such as Vietnam, China and Italy, according to NITI Aayog’s quarterly trade report. NITI Aayog is the premier policy think tank of the Indian government. It is advocating a series of measures including ...
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ArticleToms hires a new CEO
Toms has hired Jessica Alsing as its new Chief Executive Officer, becoming the first woman to run the US footwear company. “With years of experience leading globally recognized footwear companies, Jessica brings deep industry expertise and a shared belief in the power of business to create meaningful change,” the brand ...
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ArticleTrump plans to increase tariffs on Chinese imports to 130%
The US President, Donald Trump, wrote on the social network Truth Social that he plans to increase US tariffs on Chinese imports by 100 percentage points on Nov.1, lifing the duties to 130 percent from 30 percent currently. The US will also introduce new controls on “any and all critical ...
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ArticleItalian prosecutor seeks to put Tod’s under court administration
Paolo Storari, a Milan-based public prosecutor, is seeking to put Tod’s under judicial administration for having allegedly facilitated poor working conditions in its supply chain. The Italian luxury goods group is accused of using suppliers operating workshops where workers lived “in conditions of quasi-slavery with wages of €2.75 per hour,” ...
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ArticleGörtz is also insolvent in Austria, investor plans comeback in Hamburg
Following its second collapse in Germany since 2023, the troubled Hamburg-based shoe retailer Görtz has now filed for insolvency in Austria as well. The company, now operating under the name GAT Retail GmbH, said it intends to restructure and continue operations. The Austrian filing affects 108 creditors, with claims totaling ...
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ArticleDäumling stops shoe production in Germany
After more than seven decades of domestic manufacturing, the children’s shoe brand Däumling is shutting down its production facility in Bruchweiler-Bärenbach, in the Rhineland-Palatinate region of Germany. The move comes amid declining sales and mounting cost pressures, marking another blow to the country’s struggling footwear industry, which has seen ...
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ArticleOnygo closes all stores after failed rescue attempt
The insolvent German shoe and fashion retailer Onygo is permanently closing all its remaining stores across the country and laying off 150 employees, following a failed rescue attempt. The move marks another casualty in Germany’s struggling retail sector. In an interview with trade magazine TextilWirtschaft, Onygo’s Managing Director, Frank ...
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ArticleLubrizol creates a Foam Center of Excellence in Seoul and Shanghai for midsoles
Lubrizol, a US producer of specialty chemicals, announced the creation of a Foam Center of Excellence (COE) based in Seoul and Shanghai to foster innovation in footwear midsoles. “Located within Lubrizol’s thermoplastic polyurethane (TPU) innovation centers, the new Foam COE brings together scientists with significant expertise in material science, cutting-edge ...
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ArticleVida Shoes buys Munro
New York-based Vida Shoes International has acquired Munro, an Arkansas-based footwear brand specializing in comfort and fit-driven styles for women. The purchase aims to strengthenVida’s position in the comfort category. “Munro is a brand rooted in quality, integrity and a loyal customer base that spans generations. We’re honored to welcome ...
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ArticleSpartoo continues to see a decline in sales
In the first half of 2025, Spartoo suffered an 8.3 percent year-over-year decline in gross merchandise value (GMV) to €83.4 million, resulting in an 8.2 percent drop in revenues to €59.9 million. In the full year 2024, the group posted a 7.7 percent decrease in GMV to €184.7 million, resulting ...
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ArticleGenesco unites Journeys, Schuh and Little Burgundy under the same leadership
Genesco, the US footwear group with more than 1,250 stores in North America, the UK and Ireland, as well as a portfolio of owned and licensed lifestyle brands, announced the formation of the Journeys Global Retail Group which unites the banners Journeys, Schuh and Little Burgundy. “This alignment creates ...
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ArticleBirkenstock hikes its full-year sales guidance
Birkenstock Holding, the UK-based parent company of the German sandal maker, has increased its full-year sales guidance and is acquiring a manufacturing site in Germany. The company expects fourth-quarter revenues to total at least €520 million, representing year-over-year growth of at least 14 percent on a reported basis and 18 ...
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ArticleShoe Carnival reappoints Kerry Jackson as CFO
Shoe Carnival appointed Kerry Jackson as Executive Vice President and Chief Financial Officer, effective Sept. 28. Jackson rejoined Shoe Carnival in June 2025 as Senior Vice President, New Business Development after retiring in May 2023. He previously served as the US footwear retailer’s Chief Financial Officer for 27 years and ...
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H&S files for insolvency
The Bavarian shoe retailer H&S Schuhhandelsgesellschaft has filed for bankruptcy as part of a restructuring effort amid economic pressures from rising energy, personnel and rental costs. Around 82 employees across 15 stores are affected. The company submitted an application for self-administration to the Aschaffenburg District Court, which appointed attorney ...
