Latest Headlines – Page 152
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Bernd Hummel licenses Homeboy
Bernd Hummel, the big German-based licensee of Pentland Brands for Kangaroos, has taken over the European license for Homeboy Loud Couture, an iconic German brand of streetwear that was taking care of its footwear line in-house. The first line developed by Bernd Hummel will be sold during the spring/summer 2019 ...
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Pentland reorganizes for efficiencies and possible acquisitions
Pentland Brands is rationalizing the management of its various brands in the U.K. by closing two offices in Stockport and Wakefield, which currently host the operations of its two team sports brands, Canterbury and Mitre, respectively. These operations are set to be moved to Speedo's existing international headquarters in Nottingham ...
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Good growth for Steve Madden
In a preliminary statement, Steve Madden announced a sales increase of 8.3 percent to $364.4 million for its net sales during the fourth quarter ended Dec. 31. The turnover was boosted by the company's recent acquisition of Schwartz & Benjamin, which helped lift Madden's wholesale revenues by 10.6 percent to ...
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Duca del Cosma builds up internationally
After his takeover of Duca del Cosma in 2016, Frank van Wezel has rapidly built up offices and an international distribution network for the golf footwear brand, to start selling two distinct ranges for the golf course and the street.Van Wezel is the founder of the Hi-Tec and Magnum brands, ...
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Footwear production is getting smarter
That was the general message of an interesting two-day conference held in April in Waalwijk, Netherlands. It was the last conference on footwear technology organized by SLEM, the Dutch educational institution, before the recent departure of its founder and head, Nicoline van Enter. She is now pursuing her visionary mission ...
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New development plans for Heinrich Dinkelacker
Shoepassion plans to invest further into Heinrich Dinkelacker, the traditional brand of high-end men's shoes with a “budapester” construction that it bought a year ago. After investing in a new ERP system and new machinery for its factory near Stuttgart, which makes around 10,000 pairs a year, the Berlin-based retailer ...
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Cheaney posts 4% sales increase
Joseph Cheaney & Sons saw its sales increase by 4 percent to £10.3 million (€11.6m-$13.8m) in the full financial year to July 31. The growth was primarily driven by retail expansion. Wholesale and e-commerce sales also increased, the brand said. The Ebitda for the year went up by 7 percent ...
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Clarks unveils new in-store inventory system
Clarks has turned to a patented, fast-reading barcode software to develop a new in-store scanning solution to improve response times and the related productivity. The Stock Assist app is based on technology provided by Scandit, a developer of mobile data capture solutions. It will be implemented at the suppliers' factories ...
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Schuh shines in Genesco’s results
The share price of Genesco, the U.S.-based owner of Journeys and other retail banners including Schuh in the U.K., dropped by 18.5 percent after the company took a colossal impairment charge to write-down the value of its Lids chain and lowered its outlook for the year.Genesco posted a loss from ...
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End of the rope for Rebeca Sanver?
Florencia Marco, the Spanish shoe company that owns the brands Rebeca Sanver, To Be and Pimientos, is reportedly facing liquidation after being given bankruptcy protection from its creditors last Sept. 19. Officials of the company and its judicial administrator, Carlos Felipe Ros Álvarez, could not be reached for comment, but ...
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Ferragamo issues another profit warning
The recovery of Salvatore Ferragamo will apparently take longer than expected. The company warned that 2018 would be another year of “transition” and that it could no longer confirm the medium-term guidance released in February with its business plan. The board of directors came to this conclusion after examining the management's ...
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Italy’s fashion industry is disadvantaged
The interim results and profit warnings recently released by major listed Italian fashion houses like Salvatore Ferragamo, Tod's and Prada painted a grim picture of declining sales, while the results posted by their biggest French rivals -Hermès, LVMH and Kering - were rosy. This tale of two industries prompts a ...
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The Italian government partners with Yoox in U.S. and China
The Italian trade promotion agency, Istituto per il Commercio Estero (Ice), has entered into a partnership with Yoox Net-a-Porter to promote exports by small and medium-sized enterprises in the fashion sector. The project, which is called Hidden Italian Gems, aims to help 100 SMEs boost their sales in the U.S. ...
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Little growth for Italy’s shoe industry
The revenues of the Italian footwear industry rose by an estimated 2.1 percent in the first nine months of this year, while production went up by 0.7 percent in volume, according to its trade association, Assocalzaturifici, but the third quarter was largely flat.The latest available trade statistics for the first ...
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Birkenstock cuts ties with Amazon Europe
Birkenstock has severed ties with Amazon Europe, announcing that it was stopping direct deliveries to its European marketplace and related operations as of Jan. 1 because of ongoing concerns about the sale of counterfeit items through its portal. The German shoe manufacturer, which has embarked on a program to reposition ...
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Amazon is facing legal problems in Europe
Birkenstock's action against Amazon in Europe comes will the American online giant is getting other types of legal challenges. The French government has filed a complaint in the Paris Tribunal de Commerce, charging that it is abusing its dominant position with some suppliers. It is seeking a fine of €10 ...
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Internet marketplaces lose a case in the ECJ
A ruling issued by the European Court of Justice (ECJ) in Luxembourg in favor of Coty earlier this month could help build up a case for other brands premium or luxury brandsagainst the unauthorized sale of their products on third-party online retailing platforms like Amazon or eBay.Asked for its opinion ...
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EU negotiators agree to end unjustified geo-blocking
European Union negotiators have agreed to put an end to unjustified geo-blocking, meaning that consumers should be allowed to purchase more products and services online from websites in other European countries.The agreement was reached on Nov. 20 by the European Parliament, the Council and the Commission, which made it a ...
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Zalando expands its partnership program
Zalando has reportedly doubled the sales generated by its brand partnership programs in the last year, enabling brands to take advantage of Europe's leading online fashion retailing platform to sell extra products and compete more effectively with Amazon.The German company sells about 2,000 brands in 15 European countries, buying products ...
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Management changes in the Ara Group
Andreas Wortmann, a highly reputed 52-year-old manager, will be the new chief executive of Ara AG, the holding company of Ara Shoes, Lloyd, Legero and Salamander, from June 1, 2018. He previously worked for Paul Green and as executive vice president for branding & product at Ecco, the Danish shoe ...
