Latest Headlines

  • SK_chemicals_image
    Article

    Black Yak collaborates with SK, Dongsung for a sustainable trekking shoe

    2024-04-18T15:39:00Z

    The South Korean companies SK chemicals, Dongsung Chemical and BYN Black Yak jointly announced that they have developed sustainable footwear materials using the naturally-derived material Ecotrion and applied it to Black Yak’s trekking shoes 343 MAX. The shoe was presented on April 18 after a year of collaboration. SK chemicals ...

  • Ortholite Logo
    Article

    Cirql launches a fully recyclable midsole made from 30% recycled TPU

    2024-04-17T14:43:00Z

    The US-based insole specialist OrthoLite, the company behind Cirql, a provider of sustainable material solutions for the global footwear industry, has launched a new midsole foam called Cirql rTPU30. According to Cirql, the patented innovation consists of 30 percent recycled thermoplastic polyurethane (TPU) material and is manufactured through a chemical-free, ...

  • HeyDude new logo
    Article

    Crocs names a new head for Heydude

    2024-04-17T10:55:00Z

    Crocs has appointed Terence Reilly as the Executive Vice President and President for Heydude, as the brand expands its retail business and its European presence. Reilly will join the group’s executive leadership team on April 29 and will report directly to Andrew Rees, the Chief Executive Officer of Crocs, Inc. ...

  • Dr. Martens logo
    Article

    Dr. Martens shares get a kicking as CEO quits after fifth profits warning

    2024-04-17T09:18:00Z

    Dr. Martens’ shares slumped by more than a third to record lows and trading in the stock was briefly suspended in London as the UK bootmaker said that its Chief Executive, Kenny Wilson, would step down after issuing a fifth profit warning in three years amid continuing woes in its ...

  • FDRA
    Article

    FDRA calls on US president to remove duties on Chinese footwear imports

    2024-04-16T08:03:00Z

    Matt Priest, the president and CEO of Footwear Distributors & Retailers of America (FDRA), is urging the US president, Joe Biden, to remove by executive order Section 301 import tariffs imposed on China. In an open letter to Biden, Priest wrote that “retail footwear prices have risen sharply since implementation ...

  • Chart on laptop
    Article

    Footwear stocks treaded water in a quarter marked by shareholder activism

    2024-04-15T08:36:00Z

    The prices of stocks monitored by Shoe Intelligence grew by 1.3 percent on average in the first quarter of 2024, compared with the previous three months, in very volatile trade. The quarter was marked by shareholder activism. Tabor Asset Management, a US investment company that has a 1.1 percent stake ...

  • charles-betito-filho-vwC-S_RiKpA-unsplash
    Article

    H&M and Inditex accused of allegedly using unethical Brazilian cotton

    2024-04-12T10:56:00Z

    The British non-governmental organization (NGO) Earthsight is accusing H&M and Inditex of allegedly using cotton “linked to land grabbing, illegal deforestation, violence, human rights violations and corruption in Brazil.” It is also calling on governments to regulate the fashion industry on the grounds that it has failed to ensure sustainability ...

  • Allbirds
    Article

    Allbirds urged to bolster its share price by Nasdaq

    2024-04-09T15:35:00Z

    On April 2, Allbirds was notified by Nasdaq that its share price was no longer compliant with the rules of the New York-based stock exchange because the closing bid price of its Class A common stock has fallen below $1.00 per share for 30 consecutive days. Allbirds has 180 calendar ...

  • Novoloop
    Article

    Novoloop’s pilot plant for recycled plastic comes on stream in India

    2024-04-09T13:59:00Z

    Novoloop, a US plastic circular economy technology company, announced the startup of its pilot plant in Surat, India. The plant was built in collaboration with Aether Industries, an Indian speciality chemical manufacturer. Groundbreak for the plant was announced in January 2024 and construction completed in March 2024. The pilot plant ...

  • nikita-karimov-lvJZhHOIJJ4-unsplash
    Article

    Russia claims to have virtually eradicated illegal footwear sales

    2024-04-09T13:24:00Z

    Since 2020, the mandatory labelling of fashion goods has secured additional income of 84.6 billion rubles (€848 million) on aggregate for the Russian federal budget, estimated the Russian Center for Prospective Technologies (CPT), a government agency authorized to supervise the labelling reform. Footwear labelling on its own provided additional income ...

  • Galeria-Logo
    Article

    Former Kaufhof owner reportedly taking over Galeria Karstadt Kaufhof

    2024-04-09T11:58:00Z

    According to the German business publication Handelsblatt, the US investor NRDC Equity Partners is to be granted the contract to operate the 92 locations of the German department store chain Galeria Karstadt Kaufhof. NRDC is the investment company of Canadian entrepreneur Richard Baker, who also owns a majority stake in ...

  • Gortz - Görtz
    Article

    Ludwig Görtz dies at 89

    2024-04-09T11:58:00Z

    Ludwig Görtz, the former boss and owner of the footwear retailer Görtz, died on Easter Sunday at the age of 89, according to media reports. The Hamburg native joined his family’s business in 1960, at the age of 26, and took over the management of the company from his ...

  • Hyosung_Group_logo.svgz
    Article

    Hyosung to build a bio-BDO factory in Vietnam as part of a $1bn investment plan

    2024-04-08T10:59:00Z

    Hyosung TNC plans to build a bio-butanediol (BDO) factory in Vietnam with an annual production capacity of 50,000 tons. The project is part of a $1 billion investment program to reach an annual output of 200,000 tons of bio-BDO. On March 30, Hyosung TNC received approval for the “Hyosung BDO ...

  • KeenLogo
    Article

    Keen introduces a hiking shoe with a lifetime guarantee regarding delamination

    2024-04-08T10:59:00Z

    Keen introduced the Targhee IV, which it claims is the first shoe in the industry to have a delamination-free lifetime guarantee. Targhee IV is “a boot made to be the last hiking shoe you buy,” the US brand said in a statement. Delamination is when the glue used to adhere ...

  • fibbl black logo
    Article

    How Fibbl aims to reduce returns, increase conversion rates with 3D models, AR technology

    2024-04-08T10:59:00Z

    The Stockholm-based startup Fibbl states that its photorealistic 3D models and augmented reality technology for e-commerce can help footwear brands using its services tackle problems with high returns while also increasing conversion rates. Founded in 2021 by Henrik Arlestig and Johan Bertilsson, two childhood friends with over a decade of ...

  • Palmroth picture 2
    Article

    C-Suite interview: Palmroth plans to double its sales in three years

    2024-04-08T07:40:00Z

    Palmroth is a family-owned footwear company based in Tampere, Finland, whose history dates back to 1928. Largely centered on winter shoes, the brand aims to double its sales volumes within the next three years. Run by Mikko Palmroth, who represents the third generation at the helm, the company sells annually ...

  • Wortmann
    Article

    Tamaris plans to expand its Russian store network

    2024-04-08T07:40:00Z

    By the end of 2024, Wortmann plans to add 15 doors to its existing network of 60 Tamaris stores in Russia and take several other steps to gain a better foothold in the country. Friedrich Naumann, CEO of Wortmann Vostok, said that the brand intends to open new stores ...

  • Zegna
    Article

    Zegna expects negative organic growth in Q1

    2024-04-08T07:38:00Z

    Ermenegildo Zegna more than doubled its bottom line in 2023 but warned that organic growth will be negative in the first quarter of 2024. Last, the Italian fashion house posted a net profit of €135.7 million in 2023, up by 107.8 percent compared to the year earlier. Adjusted Ebit grew ...

  • German Bundestag
    Article

    German fashion manufacturing back to pre-pandemic levels, but outlook remains cautious

    2024-04-08T07:38:00Z

    German clothing manufacturers swung back to pre-Covid-19 levels as they posted a double-digit sales increase in 2023, up by 10.8 percent to €6.8 billion, according to official figures from the country’s statistics office Destatis. When considering companies with more than 50 employees, the number of workers in the industry ...

  • Dr. Martens logo
    Article

    Dr. Martens urged to undergo a strategic review

    2024-04-05T11:50:00Z

    Marathon Partners Equity Management is urging Dr. Martens to undergo a strategic review, including a potential sale of the company, to maximize shareholder value. The share price of the British bootmaker is down sharply since it was floated on the London Stock Exchange in January 2021. On April 4, Dr. ...