All Article articles – Page 59
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ArticleStocks of U.S. footwear companies rebound in Q4
Trading remained very volatile in the fourth quarter of 2022 with the various clusters of our universe of stocks often fluctuating significantly compared with the previous three months. Overall, Shoe Intelligence’s selection of stocks continues to trend water, rising by just over 2 percent on average. Shares of Brazilian footwear ...
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ArticleNext lifts guidance as Christmas sales are more resilient than expected
Next lifted its full-year profit guidance as it reported better-than-expected sales over the Christmas period, but struck a cautious note on the outlook for the year ahead. Full-price sales rose by 4.8 percent year-over-year in the nine weeks to Dec. 30, £66 million (€74.5m) ahead of the company’s previous guidance ...
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ArticleCopenhagen launches in France
The German footwear and accessories brand Copenhagen Studios is entering the French market. After Denmark, Sweden, Norway, the Netherlands, Belgium, Austria, Switzerland and Italy, France is the ninth European market in which the label will expand its distribution network. From January this year, the label’s fall/winter 2023 collection will ...
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ArticleEmerging designer: Pineapples, grape-skins an apples step out in style in Id.Eight’s sneakers
Ideas come easy at Id.Eight. Which is to be expected when its two creators come from such a solid background in footwear design (him), and fashion marketing (her). He is Dong Seon Lee, from Seoul, South Korea, who built on his Fashion Design degree from KMU (Kookmin University) in 2005, ...
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ArticleRussian shoe retailers diversify their offer to replace Western brands
Following a mass exodus of Western brands from Russia, caused by the country’s invasion of Ukraine on Feb. 24, 2022, several shoe retailers plan to add apparel and accessories to their product range to fill a gap in the market, according to the Russian think tank NF Group. Rendez-Vous, Ralf ...
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ArticleOpportunities and challenges arise for fashion brands as consumers embrace sustainability
A consumer shift towards sustainable products and production practices is creating key opportunities and new challenges for global fashion brands, a Bain & Company and WWF Italy report found. The study examines consumer behaviors related to sustainability and fashion, surveying 5,900 consumers across six countries (China, France, Germany, Italy, Japan, ...
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ArticleU.S., Italy introduce Covid tests for travelers from China
The U.S. and Italy are introducing Covid-19 tests for travelers coming from China. The U.S. Centers for Disease Control and Prevention (CDC) said that from Jan. 5 all air passengers two years and older will be required to get a test no more than two days before their departure from ...
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ArticleEU court rules that Amazon may be liable for sale of counterfeit Louboutin shoes
Amazon has been dealt a blow after the Court of Justice of the European Union (CJEU) ruled that the U.S. online retailer may be liable for alleged intellectual property breaches by advertising counterfeit Louboutin shoes on its store. Two lower courts in Luxembourg and Belgium had referred a case ...
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ArticleAmazon, EU reach deal to end antitrust investigation
The European Commission said it has made commitments offered by Amazon legally binding under European Union antitrust rules, allowing to resolve competition concerns over the U.S. online retailer’s use of non-public marketplace seller data and possible bias in granting sellers access to its Buy Box and Prime program. In July ...
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Bos Group obtains the Scotch & Soda footwear license
Bos Group International is taking over the footwear license of Scotch & Soda, following the termination of the Dutch brand’s previous agreement with HS Footwear GmbH, which is part of Osnabrück-based Hamm Group. Peter Frericks will become the head of global sales and brand manager for Scotch & Soda at ...
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ArticleHow a fast-growing footwear brand is further boosting growth with apparel
Velasca, a fast-growing Milan-based footwear company, has launched an apparel collection in an effort to diversify its business. In the near future, the company aims to have its own factory for the production of shoe uppers. The first weeks since the launch of the apparel line in November have already ...
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ArticlePayPal and the world of digital payments
PayPal appears to be far and away the West’s top provider of e-wallets, according to the specialized market analysts at eCommerceDB, who have compiled survey results from Statista. But how did this come about, who are the competitors and what is the situation in other parts of the world?
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ArticleEuropean footwear demand may drop in 2023
In 2023, demand for footwear could drop by 1 percent, or by an estimated 55.6 million pairs, in Europe, according to a survey of experts published in the latest Business Conditions Survey of World Footwear. The European continent would underperform the rest of the world, where demand is expected to ...
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ArticleLanvin Group’s roller coaster market debut
Shares in Lanvin Group, the Chinese luxury goods group that owns the Italian shoemaker Sergio Rossi, plummeted about 25 percent on their market debut on the New York Stock Exchange, but the stock recovered most of its lost ground the following day. Lanvin’s flotation stems from the merger with Primavera ...
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ArticleGolden Goose ranks among the fastest growing luxury goods brands
Golden Goose, the Italian producer of luxury sneakers, ranked third among the 20 fastest growing luxury goods companies over the past three years, according to Deloitte’s report Global Powers of Luxury Goods 2022. In the 2021 fiscal year, Golden Goose’s estimated revenues were $456 million, up by 45.0 percent from ...
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ArticleOerlikon expands its luxury goods component business
The Swiss industrial group Oerlikon has signed a definitive agreement to acquire Riri, a Swiss-based provider of coated metal accessories for the luxury fashion industry, including footwear. No financial details were released but the transaction is expected to close in the first quarter 2023. Last year, Oerlikon bought Coeurdor, a ...
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ArticleCasual footwear sales rebound in 2021
As the world returned to more pre-Covid 19 normalcy, to the office and to social events, the branded casual footwear market recovered strongly by rising 19.5 percent in 2021 to $14,671 million from $12,272 million a year earlier. While impressive, the percentage gain did not equal those made by the ...
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ArticleBalena launches fully biodegradable slides
Balena has launched fully-biodegradable slippers called BioCir Slides colored and scented using natural cinnamon. The Israeli material science company founded in 2020 with offices in Tel Aviv and Milan develops compostable and biodegradale thermoplastic materials. The shoes are designed and manufactured in Italy and made entirely of BioCir, a proprietary ...
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Wolverine Worldwide announces divestitures, staff cuts
Driven by a focus on increasing long-term shareholder value, Wolverine Worldwide is divesting or licensing its Keds brand and Wolverine leather business segments and is initiating an unspecified headcount reduction. The staff cuts are projected to result in approximately $30 million in savings for the company in 2023, and the ...
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ArticleRussia plans to resume footwear imports from North Korea
Russia is considering resuming the import of clothes and footwear from North Korea, suspended several decades ago, the Russian state news outlet Ria Novosti reported, citing the Russian embassy in Pyongyang. Russia is very interested in purchasing goods from North Korea, including garments and shoes, the embassy said, adding that ...
