Latest Headlines – Page 105
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ArticleAktiv Schuh, bankruptcy proceedings opened
Just a little more than two months after the ailing shoe retailer Aktiv Schuh filed for bankruptcy, the district court of Berlin-Charlottenburg officially announced the start of insolvency proceedings under self-administration. According to a statement from the court, the proceedings were opened on Oct. 1 and Torsten Martini of the ...
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ArticleeBay starts sneaker authentication
eBay is expanding its Authenticity Guarantee service to sneakers sold on its online platform as it takes on its rivals StockX and Goat in the fast-growing collectible sneakers market. Through the program, all new and pre-owned collectible sneakers sold on eBay for over $100 in the U.S. will be fully ...
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Article
EU agrees on common rules for travel restrictions due to Covid-19
The European Council has adopted a recommendation on a coordinated approach to travel restrictions in response to the Covid-19 pandemic. The council comprises the heads of state or government of the countries forming the European Union, as well as the president of the council and of the European Commission. ...
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ArticleGlobal talks on digital tax prolonged to 2021
The 137 countries involved in talks on base erosion and profit shifting (BEPS) due to the digitalization of the economy have agreed to keep working towards an agreement on the taxation of digital companies by mid-2021, thus acknowledging that they will fail to strike a deal by the end of ...
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ArticleStockX sees ‘remarkable’ growth in Q3
StockX, the online resale exchange for sneakers and streetwear, counted 25 million global monthly visitors to its platform in the third quarter and “continues to grow at a remarkable rate” as the resale market expands globally. In a third-quarter snapshot looking at its international performance, StockX noted that sell-side transactions ...
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ArticleThe casual shoe market grew by 6.0% in 2019
According to a study conducted by Shoe Intelligence in collaboration with Sporting Goods Intelligence, the branded casual footwear market grew by 6.0 percent in terms of invoiced dollars to an estimated level of $20.8 billion in 2019, in spite of strong competition from the athletic footwear brands in the disputed ...
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ArticleChanel buys Italian luxury shoe maker Ballin
Chanel has bought a majority stake in the Italian luxury shoe maker Ballin, which has its own brand and produces for third parties, including the French fashion house. The company will continue to be managed by the Ballin family and will be allowed to continue working with all its other ...
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ArticleMelania files for creditor protection
Melania Italia, an Italian footwear company specializing in children’s shoes based in the footwear cluster in the Marche region, has filed for creditor protection. The company was founded in 1966 by Manfredo Gironacci, who is still at the helm. A court based in the town of Fermo approved the request ...
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ArticleSioux, Puma, Adidas, Buffalo, Jenah St. take top honours at PETA Germany’s Vegan Fashion Awards 2020
Sioux, Puma, Adidas, Buffalo and Jenah St. are among the winners of PETA (People for the Ethical Treatment of Animals) Germany’s Vegan Fashion Awards 2020, announced last week. Aimed at promoting animal-friendly and environmentally conscious fashion, the animal rights organization’s awards were presented this year for the seventh time ...
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ArticleStreetTrend buys Italian sneaker brand P448
StreetTrend has acquired the sneaker brand P448 from NoThanks, an Italian company based in Forli, and will enter it into its portfolio of footwear and fashion brands. StreetTrend is a fashion footwear and street wear brand company launched in 2017 by Wayne Kulkin, the former chief executive of Stuart Wetizman ...
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ArticleEram bets on cheaper French-made shoes
The French shoe retailer Eram has expanded its range of French-made shoes to include best-selling, easy-to-wear models, at an affordable price. Until now, the pairs produced in its Montjean-sur-Loire factory were higher-priced trendy and original fashion models. The new cheaper, locally-produced pairs are part of the Eram Flex range, which ...
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ArticleFive major fashion trade fairs regrouped under one single event in Paris
In France, due to the coronavirus crisis, the organization of trade fairs has been completely reshuffled this fall, with several constraints. As a result, five fashion events where cancelled and regrouped as one event that was held from October 2 to 4 in the Tuileries garden in Paris, offering an ...
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ArticleCCC focuses on Central and Eastern Europe
Online sales were the main driver of growth in the latest quarter for CCC, the international Polish-based shoe manufacturer and retailer, and the company continues to invest heavily to develop its e-commerce infrastructure. Meanwhile, the company is letting go of unprofitable parts of the business in Western Europe, and has ...
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ArticleExpo Riva Schuh, APLF fairs rescheduled
Expo Riva Schuh and APLF have decided to reschedule their forthcoming shows as the Covid-19 pandemic continues to impact global travel and is even expanding again in some regions such as Europe. Expo Riva Schuh, the leading international shoe fair for the low and medium segments of the footwear market, ...
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ArticleCCC Germany files for insolvency under self-administration after pandemic hits sales
The coronavirus pandemic throws yet another footwear chain into disarray, after extended lockdowns last spring and a sluggish summer sent sales plummeting. German footwear retailer CCC Germany GmbH filed for self-administration proceedings under the German insolvency legislation at the Osnabrück District Court. The company, a subsidiary of HR ...
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ArticleAlibaba in partnership with the duty free retailer Dufry in omnichannel drive
The Chinese e-commerce group Alibaba has entered into a partnership with the Swiss duty free retailer Dufry that will further integrate online and offline shopping. The parties will form a strategic joint venture in China, and Alibaba will become a minority shareholder in Dufry.
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ArticleTexon unveils new 100% recyclable insole tech
Texon, the producer of materials for the footwear industry, has unveiled a new insole technology that is based on 85 percent recycled polyester (rPET) and is 100 percent recyclable. Texon Ecoline is produced with a special fusion-bonded process that enhances the internal bond structure of the material’s fibers, which are ...
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ArticlePittards sees more opportunity than risk in the “new normal”
Despite losing nearly half its sales and posting a net loss in the first half six months of the year, Pittards sees “more opportunity than risk in the new normal that is emerging.” The British leather and leathergoods manufacturer, which owns the brand Daines & Hathaway, suffered a 45 percent ...
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ArticleCovid-19 is forcing fashion and retail to rethink their business models
The Covid-19 pandemic has accelerated changes in consumer attitudes towards fashion and retail, and calls are getting louder for “something to be done,” namely fewer collections, less fast fashion and more attention to sustainability.
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ArticleH&M expects 250 net store closures in 2021
Hennes & Mauritz (H&M) expects a net decrease of about 250 stores in 2021, as the Swedish retailer faces growing pressure to sell online. It highlighted that rapid changes in customer behavior have been further accelerated by the Covid-19 pandemic. Therefore, it is stepping up the pace of its transformation ...
