All Distribution articles – Page 10
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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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ArticleGenesco cuts earnings guidance after ‘sluggish’ start to November sales
Genesco cut its guidance for earnings and tightened expectations for revenues in the full year ending in February 2023, as it took a more conservative approach after beginning the fourth quarter in November with a “sluggish” sales performance and stepping up promotional activity to attract bargain-conscious consumers. Genesco now forecasts ...
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ArticleNevada attracts footwear distribution centers
Over the past year, several distribution center projects have been announced in Nevada by companies working in the footwear industry, according to Footwear Distributors and Retailers of America (FDRA). The announcements include a 730,000 square foot site by Crocs, a 450,000 square foot facility by Footlocker, a 788,000 square foot ...
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News briefsClarks recalls womens shoes over toxic chemical warning
Clarks launched a global recall of eight styles of the Breeze and Brinkley womens shoes after tests found they contained toxins. The shoes are all navy or dark navy-blue coloured and introduced for the spring/summer 2022 season. The British brand noted that ”not all styles would have been sold in ...
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ArticleSteve Madden cuts full-year guidance on order intake
Steve Madden reported third-quarter results in line with market expectations but slightly reduced its full-year guidance due to a slowdown in orders. In the period ended Sept. 30, the company posted a 5.3 percent increase in revenues year-over-year to $556.6 million. Sales for the wholesale business increased by 8.1 percent ...
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ArticleHavaianas’ growth in EMEA slows for Alpargatas
Alpargatas generated a 5.4 percent (+21 percent currency neutral) sales growth to 132.0 million Brazilian reais (€32.5m) for its rubber sandal brand in the EMEA during the third quarter. Revenues per pair increased by 4 percent in constant currency. Overall, Havaianas’ sales fell in all other geographic regions, although they ...
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ArticleWeyco expects sales dip after record Q3
Weyco Group generated record sales in the third quarter of 2022, with revenues jumping by 56 percent compared to the year earlier to $97.0 million. Growth was led by its North America wholesale business and underpinned by strong consumer demand, higher selling prices and the “abnormally low” revenues seen in ...
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News briefs
German energy price cap effective from early 2023
German energy price caps announced by the Chancellor Olaf Scholz to mitigate the impact of inflation will go into effect in early 2023, according to a government timetable. The gas price effect is set to go into effect on Jan. 1 for large companies and on March 1 for households ...
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ArticleRussian children’s footwear market faces turmoil
The bankruptcy of Russia’s leading manufacturer of children’s footwear heralds harsh times for the industry, which is facing supply issues, higher costs and a shrinking product line. Skorokhod, a St. Petersburg-based shoe factory, has gone bust, dragged down by the weight of its debts. It was one of the largest ...
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News briefs
EU considering further Belarus sanctions
The European Union will examine the possibility of imposing sanctions against Belarus for its role in supporting Russia in its war against Ukraine, according to Czech prime minister Petr Fiala. The Czech Republic holds the rotating presidency of the European Union. “We are currently examining…Belarus’ role and the potential need ...
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News briefs
Rugged outdoor footwear market rebounds in 2021
After a disappointing 2020, impacted adversely by the global pandemic, the global branded outdoor shoe market returned to growth last year. Worldwide rugged outdoor footwear sales climbed 28 percent higher to $6,756 million in 2021, based on research conducted by the Outdoor Industry Compass in partnership with Sporting Goods Intelligence. ...
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ArticleHow Dirty Harry helped a Spanish shoemaker conquer the world from his garage
Like Steve Jobs, Basilio García Pérez-Aradros started his business in a garage. For seven years, every day from early in the morning until late at night, he worked on his dream that started in the late sixties: that of producing quality shoes with traditional craftsmanship to sell them all over ...
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ArticleRussia shopping centers call for a tax break
The Russian council of shopping centers is calling for immediate assistance from regional governors as the average footfall has dropped by 20 percent in the first nine months of 2022 compared with the same period of the previous year. The association is calling for tax breaks until September 2024. In ...
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ArticleFrasers Group buys Australia’s Sneakerboy out of administration
The British retail chain Frasers Group has bought the collapsed Australian luxury footwear and streetwear retailer Sneakerboy for an undisclosed sum, according to media reports. Frasers, which owns the Sports Direct chain and a wide portfolio of brands, will keep Sneakerboy’s staff and run the business but not take on ...
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ArticleSante + Wade plans to expand to physical stores
Sante + Wade, a premium British women’s footwear brand offering large sizes and fits, is planning to distribute its models in physical stores, with a focus on the U.S. and some large European markets. The company created by Shola Asante and Agnès Cushnie started operating in 2019. The brand, which ...
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ArticleMephisto launches its Nature is Future collection worldwide
At the latest edition of Micam, held from Sept. 18 to 20 in Milan for the presentation of spring/summer 2023 collections, Mephisto started distributing worldwide its sustainable women and men’s sneakers brand Nature is Future by Mephisto. The French company launched the brand a year ago with the spring/summer 2022 ...
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News briefs
The Russian fashion market has nearly halved
Between February and August of 2022, the sales of shoes, clothes and accessories in Russia plummeted by 40.5 percent against the same period of the previous year, according to Anush Gasparyan, spokesperson for the Moscow-based think tank Fashion Consulting Group. As many as 23 percent of the Russian customers surveyed ...
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News briefs
EU plans to ban products made with forced labour
The European Commission has proposed to prohibit products made with forced labour on the European Union market. The proposal covers all products, including those made in the EU for domestic consumption and exports, and imported goods, without targeting specific companies or industries. “This comprehensive approach is important because an estimated ...
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ArticleEcco completes the renovation of its headquarters
Ecco has completed the refurbishment of its headquarters located in Bredebro. The town, situated in southern Denmark, has been the company’s home since its foundation in 1963 by Birte and Karl Toosbuy. The site comprises various corporate functions including finance, supply chain, procurement, information technology, human resources and corporate responsibility. ...
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ArticleRussian footwear brand Basconi plans to expand
Amid a mass exodus of Western brands out of Russia, the local footwear company Basconi plans to enhance efforts aimed at improving the brand’s recognition and continues developing its franchise network, Vitaly Ifraimov, co-owner of Basconi, told to the Russian press. Basconi runs a network of 50 stores in Russia ...
