Latest Headlines – Page 142
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Ecco Leather unveils innovative water-saving tanning technology
Ecco Leather will be introducing a special commemorative edition of Ecco's classic Soft 8 sneaker on the occasion of the IWA World Water Congress & Exhibition 2018, which is scheduled to take place in Tokyo on Sept. 16-21. The sneaker features Ecco Leather's new DriTan technology, an innovative water-saving technology. ...
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Ecco is working on 3D printing
Besides waterless tanning, 3D printing of customized sneakers is another technical project that Ecco has been working on with some tangible results.The Danish company has developed a footwear customization process, called QuantU, that focuses on the midsole of the shoe, using 3D printing and a silicon material to replace 75 ...
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Michelin soles move into the fashion footwear sector
JV International, the company that has been marketing Michelin branded technical outsoles for outdoor, sports and work shoes, is now moving also into the casual footwear segment, starting with a contract with Camper.After more than 18 months of reasearch and development in cooperation with JV, Camper is coming out this ...
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World shoe production resumes growth
After two flat years, footwear production resumed some growth last year, limited to a rate of 2 percent as compared to 2016, reaching an estimated level of 23.5 billion pairs. The figure is still far from the growth pace of 15.4 percent registered between 2010 and 2014, but it marks ...
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Sabu and GMS will work together in purchasing
The two German voluntary groups have announced a strategic cooperation for the coordination of their purchasing operations, resulting in a simplification of processes with their suppliers and all the other parties involved as well as better conditions for their respective affiliated shoe retailers.The suppliers will only have to issue one ...
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Zalando comes out of the red
Zalando managed to book a net profit of €51.8 million for the second quarter of this year, up from $47.4 million in the second quarter of 2017, after taking in a loss of €15 million in the first quarter of this year. While the operating margin fell slightly to 7.1 ...
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Ara partners with Fashion Cloud
Ara Shoes is supplying its retail customers with a new “endless aisle” through Fashion Cloud, a digital B2B platform that allows customers to check the availability of missing items from their stores in real time and to order them directly. The retail clients can also download visuals of the products and other ...
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Netshoes withdraws from Mexico
Netshoes, the largest sports and lifestyle online retailer in Latin America, has agreed to sell its operations in Mexico to Grupo Sierra Capital, a private equity fund with investments in Mexico, the Caribbean and Central America. Based in Brazil, where it still does most of its business, Netshoes said the ...
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Wildberries expands outside Russia
Russia's biggest indigenous online retailer specializing in clothing and footwear, Wildberries, has started to offer click-and-collect services in the south Caucasian region by opening pick-up points in Armenia and Azerbaijan, the company revealed late July.The new openings are a part of the company's ongoing expansion strategy in the post-Soviet area. ...
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Obuv Rossii keeps expanding
Russia's major shoe retailer, Obuv Rossii, opened 71 new stores in 61 towns during the first six months of 2018, the company said in a statement on its website, including 51 units that are trading under its main retail banner, Westfalika. Out of all the new doors, 48 percent were ...
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Shoes are going to be tagged in Russia
Six major retail chains have agreed to participate in the pilot phase of a project of placing RFID tags on shoes sold in the country, showing the manufacturer of the product and certifying that it is not a counterfeit. Customers will be able to easily trace them with a mobile ...
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Prada returns to growth in sales and earnings
As forecast with the release of last year's results, the Prada Group started to raise its sales and earnings in the first half of 2018. In the six-month period to June, the group's revenues rose by 3.3 percent to €1,535 million from a pro forma level of €1,486 million a ...
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Tod’s claims new strategy is working
In the wake of its first-half results, Tod's said that its new strategy of launching multiple collections throughout the year and to focus on evergreen products is working. Beating analysts' expectations, Tod's posted sales of €476.9 million for the first six months of the year, down by 1.3 percent at ...
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Tod’s buys an e-commerce business from its owners.
The board of directors of Tod's approved the acquisition of Italantouch for €25 million. The e-commerce company is the property of Diego Della Valle & C, the holding company controlled by Tod's chairman and chief executive, Diego Della Valle, who also controls the group with his family. The deal has ...
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Former Gucci executive becomes Ferragamo’s chief executive
Salvatore Ferragamo has announced the promotion of Micaela Le Divelec Lemmi to the position of chief executive, while reporting relatively weak sales results for the first half of the year. Le Divelec joined the group in April from a more flourishing Florentine company, Gucci, as general manager. Ferragamo's previous CEO, ...
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Better scores for the French luxury majors
LVMH, Hermès International and Kering continued to perform better than than more focused Italian peers in the global luxury goods market, which is estimated to have accelerated its annual growth to a rate of around 6 percent. However, Bernard Arnault, chairman and chief executive of LVMH, warned about persistent monetary ...
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Puma catches up with the bulky footwear trend
Confirming the agility of its processes, the Wild Cat managed to lift its sales by 15 percent in constant currencies and to raise its profit margins in the second quarter of 2018, as it reacted rapidly to a shift in consumer demand for bulkier footwear. Bjørn Gulden, Puma's chief executive, ...
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VF will spin off its denim business
VF Corporation is preparing to split into two independently traded companies through the proposed spin-off of its jeans division to its own shareholders, forming a more focused outdoor, action sports and workwear business based in Colorado.The owner of Vans, The North Face, Timberland and several other sports, outdoor and workwear ...
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Vans fuels buoyant quarter for VF
Another sales rise of 35 percent for the Vans brand in the three months to the end of June fueled a turnover jump of 23 percent to $2,788.1 million for VF Corporation in the first quarter of its new fiscal year.The group reported a sales increase of 12 percent from ...
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Geox Q2 improves vs Q1 but outlook remains cautious
Geox' top line declined by 8.2 percent to €414.1 million in the first half, roughly in line with the expectations of financial analysts. At constant currency rates, sales dropped by 7.2 percent, but there was an improvement on sequential quarterly basis.Second-quarter sales were down by 2.4 percent year-on-year, a sharp ...
