Latest Headlines – Page 82
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ArticleLloyd sees sales rebound, launches new biking shoe collection
The German shoemaker Lloyd Shoes is preparing the commercial launch of a new collection for e-bike riders heading to the office, as its own business starts to pick up after suffering from coronavirus-related lockdowns. Lloyd will begin selling the snap collection in early October in stores, including bicycle retailers, in ...
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ArticleMatching site for Italian artisans grows with Covid-19
Established in 2015 to provide an online bridge between international brands seeking the artisanal skills unique to the Italian manufacturing fabric, and those very craftsmen who were looking to expand their reach but were too small to go out and find these clients, Italian Artisan has really come into its ...
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ArticleBoohoo publishes global supply chain list as part of transparency drive
The British fast fashion retailer Boohoo has published details of the 1,100 factories it uses worldwide, as it looks to boost transparency within its supply chain after a scandal last year over working conditions. Reports first emerged in September 2020 of unacceptable working conditions and pay at factories supplying Boohoo ...
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ArticleEmerging designer: Jerelyn Creado receives first order from Italian boutique
Exhibiting as part of the Emerging Designers event at Micam, held at the Milan Fairgrounds from Sept. 19 to 21, 2021, Jerelyn Creado’s eponymous brand scored its first-ever order from an Italian retail store – by the middle of the second day. From December, the designer’s colourful hand-made women’s shoes, ...
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ArticleHotter Shoes in online partnership with John Lewis
From October, Hotter Shoes, a British brand of comfort footwear, will start selling its products via the online platform of the British department store group John Lewis. The move is part of Hotter’s strategy to reach more consumers within its core demographic of over 55 years old and it will ...
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ArticleRizzo applies for extension of restructuring period
Rizzo Group has applied for a three-month extension to its corporate reorganization. The restructuring began on March 23 following a ruling by a Stockholm-based court and had already been extended to Sept. 23. The company has started to work on a composition with creditors. The valuation of inventories and intra-group ...
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ArticleC-Suite interview: ACBC targets stellar growth in 2021 and 2022
After posting flattish growth following the outbreak of the Covid-19 pandemic, the Italian start-up ACBC expects to double revenues this year and enjoy a triple-digit growth rate in 2023. The company’s story starts in 2017 when Giò Giacobbe and Edoardo Iannuzzi decide to create a business producing environmentally-friendly footwear. At ...
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Marche region to receive €1.1bn in aid
The Chamber of Commerce of the Marche region organized a conference at the Micam trade show where it revealed that the regional and Italian government have allocated an aid package of around €1.1 billion to support the footwear sector and other industries in the region over the next seven years. ...
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ArticleMicam attracts over 22,000 visitors
Micam, the footwear trade show which was held from Sept. 19 to 21 at the Fieramilano Rho exhibition center at the outskirts of Milan, attracted 22,274 visitors. The event was shortened to three days from four days traditionally. The show was jointly held with Mipel, a trade show dedicated to ...
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Next to sell the Gap brand in the U.K., Ireland
The British apparel retailer Next has reached an agreement under which it will sell the Gap brand in the U.K. and Ireland after the U.S. brand decided to close its own stores in those markets. The two groups have created a joint venture to operate Gap’s e-commerce business across Next’s ...
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ArticleBrazilian exports return to pre-Covid levels in volume
In the first eight months of 2021, Brazilian footwear exports rose by 33.4 percent year-over-year in volume to 75.2 million pairs and by 23.9 percent in value to $541.34 million, according to data released by the trade association Abicalçados. When compared with the first eight months of 2019, exports fell ...
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ArticleCrocs wants to triple sales in five years
Crocs said it is targeting an operating margin of at least 26 percent on annual sales of $5 billion by 2026, with 50 percent of the turnover or more due to be generated through digital channels. This would compare with an adjusted operating margin of 18.9 percent in 2020 on ...
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ArticleInditex posts record results in Q2
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Uterqüe, posted record results in the second quarter ended July 31, as sales rose by 7 percent at constant currency rates compared with the second quarter of 2019, which was not affected by the ...
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Extended Covid restrictions in Vietnam are hitting companies hard
Footwear brands expected to suffer considerable damage from a decision by Vietnamese authorities to extend their strict Covid-19 restrictions in the Ho Chi Minh City region until the end of the month. They were originally scheduled to be lifted on Sept. 15, but the measures taken so far have prevented ...
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ArticleJD raises FY guidance after record-setting H1 profits
JD Sports Fashion reported a profit before exceptional items and taxes of 439.5 million pounds (€515.1m-$608.8m) for the first half ended July 31, up sharply from £61.9 million in the same period a year ago, as acquisitions, the U.S. government’s stimulus package and pent-up demand allowed it to rebound strongly ...
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ArticlePrimark benefits from pent-up demand, sees inventories declining
Associated British Foods (ABF) expects the adjusted operating profit of its food business and Primark to exceed its expectation for the fourth quarter ending Sept. 18. “Primark’s operating profit margin in the period was strong despite lower than expected sales,” ABF said in a statement. Primark is expected to post ...
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ArticleKantar Media Reactions study 2021 sees local advertising strong besides digital channels
Research and consulting agency Kantar has just released its Media Reactions 2021 study, informed by the opinions of over 14,500 consumers covering over 290 brands in 23 markets and 900 senior marketers worldwide. The report gives some interesting insight into the changes in the media landscape reflected by the popularity ...
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ArticleFor the first time an official Chinese delegation is present at Micam
For the first time an official Chinese delegation will be present at Micam, which is being held from Sept. 19 to 21 at the Fieramilano Rho exhibition center at the outskirts of Milan. The German footwear and leather association HDS/L will also be debuting at the show. Despite China being ...
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ArticleTod’s sees full-year sales reaching €800m
Tod’s believes that its sales could rebound to about €800 million this year, compared with €637.1 million in 2020 when business was severely affected by the Covid-19 pandemic. The top line would still be significantly below the €916.0 million posted in 2019. In a conference call, Emilio Macellari, the chief ...
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ArticleItalian footwear output rises 12.9% in H1
Italian footwear production rose by 12.9 percent in the first half of 2021 against the same period in 2020, when the industry was affected by the outbreak of the Covid-19 pandemic. But, output remained 26.3 percent below the level seen in the first half of 2019, according to data from ...
