Latest Headlines – Page 28
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ArticleIntersport, Decathlon are the main resellers of clothing in France
Over the past 24 years, the sporting goods chains Intersport and Decathlon have become the main retailers of fashion clothing in France, overtaking hypermarkets, which used to control a combined 20 percent of the clothing market in 2000, according to the study Référenseigne Fashion carried out by Kantar. In 2000, ...
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ArticleHenkelman Footwear details its plans for Bullboxer
The Dutch footwear group Theo Henkelman Footwear has unveiled more details about its plans for Bullboxer’s future, with a revamped design team focusing on a ‘new comfort concept,’ new retail partnerships and an adjusted pricing. Henkelman said that the brand’s design team has been expanded to include former Bullboxer ...
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ArticleExpo Riva Schuh attracts over 9,000 visitors
Expo Riva Schuh & Gardabags, the Italian trade show specializing in footwear, bags and accessories whose 101st edition was held from June 15 to 18 in Riva del Garda, hosted 1,300 exhibitors and brands from 40 countries and attracted more than 9,000 visitors, an increase from the previous two editions ...
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ArticleGolden Goose postpones its IPO
Golden Goose Group announced the postponement of its initial public offering (IPO) “as a result of European market volatility.” “As part of the IPO process, the company has engaged widely with investors. The reception of the story has been very positive, with strong support across the investment community, including from ...
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ArticlePortugal’s footwear industry plans to invest €600m by 2030 as it rivals with Italy
The Portuguese footwear industry plans to invest €600 million by 2030 to reinforce its positioning in the luxury segment, according to Luís Onofre, who was re-elected in January president of Apiccaps, the Portuguese association of footwear, components and leather goods manufacturers. Citing data from the European Union’s statistics office Eurostat, ...
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ArticleSales of cheap fashion items reach record levels in Russia
The low-price segment of the Russian fashion goods market accounted for a record 74 percent of total sales in 2023, against 72 percent in the previous year, according to a study by Fashion Consulting Group, a Moscow-based think tank. It indicated that the budget segment is eating into the middle-price ...
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ArticleTemu and Shein gain popularity in Germany
Asian e-commerce platforms such as Temu, Shein and others are experiencing significant growth in Germany as they increasingly attract consumers with their competitive pricing, diverse product selections, and engaging shopping experiences, according to the latest Trend Check Retail report from ECC Köln, which surveyed 500 consumers in mid-April 2024. ...
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ArticlePittarosso’s debt restructuring plan cleared by Italian court
A Padua-based court has approved a composition with creditors presented by Pittarosso. At the end of last year, 93 percent of creditors had approved the plan presented by the Italian footwear retailer with the support of Responsible & Sustainable Corporate Turnaround Fund (RSCT). Established in 2020, RSCT is an Italian ...
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ArticleSchuh Mücke’s sales increase by nearly 2%, return to pre-pandemic levels
Schuh Mücke, the German shoe and sporting goods retail chain within the ANWR Group, reported strong full-year results for 2023, with sales swinging back to pre-pandemic levels. Sales rose by nearly 2 percent to €104.7 million from €102.8 million in 2022. The Bavarian retailer’s gross profit margin improved ...
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ArticleCompostable sneakers are inching closer to the mass market
In late April, Puma announced that it would make a commercial version of its Re:Suede 2.0 compostable sneaker. The brand had created 500 pairs of its Re:Suede sneaker in 2021 as an experimental project, then asked volunteers to wear them for half a year to test comfort and durability. Now, ...
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ArticleGolden Goose valued up to €1,860m in IPO price range
Golden Goose Group set a price range of €9.50 to €10.50 per share for its initial public offering, implying a market capitalization of approximately €1,693 million to €1,860 million for the company. The offering is destined to institutional investors and will consist of newly issued shares arising from a capital ...
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ArticleC-Suite interview: Rocas surfs the waves to the shores of Europe
From the beach in the province of Buenos Aires to the world. So begins the story of the wholly Argentinean brand Rocas and of its founders, Maria Elena Tapia and Guido Joachim, two young people in love with the sea and the waves. The name Rocas in Spanish – stones ...
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ArticleANWR Group is confident about the future
At the annual general meeting of the international trade cooperation ANWR Group eG on June 5 in Mainhausen, Germany, the executive board presented the strategic fields of action for the coming years under the motto “We make trade successful”. In the future, the ANWR Group will strongly focus on the ...
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ArticleHow Belledonne is achieving sneaker success by revisiting retro styles
With a claim as bold as “We do sneakers. We do them well”, Antonin Chabanne and Mikael Leo, who established Belledonne Paris in 2018, were setting their sights high. Since their company name derives from the Belledonne range of mountains in the Dauphiné Alps of southeast France near Grenoble ...
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ArticleGerman court rejects Birkenstock appeal against Rafting Goldstar
The Italian shoe brand Rafting Goldstar has won a long-running legal dispute with the German shoe manufacturer Birkenstock. On May 2, the German Federal Court of Justice (Bundesgerichtshof) rejected an appeal by the Rhineland-Palatinate-based sandal maker, centered on a sole design. The court declared the appeal unfounded, ...
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ArticleDesigner Brands expands in Canada as Q1 sales inch up
Designer Brands returned to modest sales growth in its first quarter ended May 4, as it bolstered its presence in Canada with the acquisition of the Canadian footwear retailer Rubino and its 28 stores. “Rubino currently operates stores that offer nearly identical atmospheres and assortments to that of our own ...
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ArticleClarks swings to annual loss as ‘discount-hungry’ consumers spurn full prices
C&J Clark (No1) Limited, the parent company of the Clarks brand, swung to a full-year loss as it grappled with inflation, weak demand for full-price stock, global conflict, oversupply and a large asset impairment charge in 2023. Revenues for the 12 months to December 31 rose by 14 percent to ...
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ArticleVF names a new brand president for The North Face
VF Corporation has named Caroline Brown global brand president of The North Face. She will be starting the week of June 10 and succeeds Nicole Otto. As a result of her appointment, Brown has resigned as a member of VF’s board of directors. In February, the US apparel and footwear ...
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ArticleGenesco Q1 sales fall 5% but beat expectations as Journeys makes progress
Sales at Genesco declined by a reported 5 percent to $457.6 million in the first quarter of fiscal year 2025 but were above management expectations of a mid-to high percentage decrease amid signs of progress at Journeys, the division whose turnaround remains the company’s main priority. At constant-currency rates, sales ...
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ArticleCaleres maintains outlook after Q1 sales fall short of expectations
Caleres maintained its guidance for a top line this year that is flat to up 2 percent compared to the year earlier after reporting sales in the first quarter ended May 4 that were slightly worse than expectations. First-quarter sales at Caleres fell by 0.5 percent to $659.2 million, versus ...
