Latest Headlines – Page 9
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ArticleWolverine sells assets in Asia for $70m
Wolverine Worldwide announced the sale of assets in Asia that will generate a combined $70 million in proceeds and further streamline the group’s structure. The U.S. company will raise $61 million by exercizing an option to sell a minority ownership interest in the entity that owns the Saucony intellectual property ...
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ArticleVF’s fulfilment operations affected by cyber attack
VF Corp. suffered a cyber attack on Dec. 13 which is affecting its capacity to fulfill orders. On Dec. 13, VF “detected unauthorized occurrences on a portion of its information technology (IT) systems. Upon detecting the unauthorized occurrences, the company immediately began taking steps to contain, assess and remediate the ...
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ArticleEmerging designer: The Peshawari chappal: Çaplait!
A cultural appropriation clash at the highest levels of the international fashion world led — apart from a retraction and relaunch of the offending item — to a fresh career direction for a British-born Pakistani entrepreneur, the creation of a new niche industry preserving traditional local skills in his parents’ ...
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ArticleCharles & Keith choses Bleckmann as its logistics partner in Europe
Charles & Keith, a Singapore-based fashion brand known for its premium women’s footwear and accessories, selected Bleckmann, an Eindhoven-based provider of supply management solutions for fashion and lifestyle brands, as its exclusive third-party logistics (3PL) fulfilment partner in the U.K. and Europe. Charles & Keith required “a 3PL solution that ...
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ArticleCaprice takes over Peter Kaiser
Caprice, which is owned by the German group Wortmann Schuh-Holding KG, has acquired the women’s footwear brand Peter Kaiser. The Pirmasens-based shoe manufacturer said that it plans to retain ”the brand core, which is based on an excellent fit and high-quality materials” but intends to update the collections and to ...
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ArticleClarks set to axe UK 103 jobs and announces Benelux tie-up with GAB
Clarks is cutting more than 100 jobs in response to economic headwinds and the cost-of-living crisis that has seen British consumers tighten their belts in response to soaring inflation. The U.K. footwear company said it expected tougher trading conditions to continue into next year and would need to manage overheads ...
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ArticleCCC Group starts Q4 with 10% sales boost led by HalfPrice
CCC Group said that in November it posted its highest monthly sales figure ever, with sales at its off-price banner HalfPrice surging as consumers continue to seek bargains in the uncertain economic backdrop and new store openings bear fruit. In the period from Nov. 1 to Nov. 25, at the ...
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ArticleMoody’s upgrades Golden Goose’s credit rating outlook to positive
Moody’s Investors Service has changed Golden Goose’s credit rating outlook to positive from stable thanks to the company’s significantly deleverage. The U.S. credit rating agency also affirmed the Italian sneaker company’s B2 corporate family rating, its B2-PD probability of default rating, and the B2 instrument rating on the company’s €480 ...
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ArticleLanvin Group appoints a new CEO
Lanvin Group said that Joann Cheng, the founding chairman and chief executive officer of the Chinese luxury goods firm, informed the board that she has decided to step down from her roles to pursue new endeavours outside the group. Consequently, the board has appointed Huang Zhen as the new chairman ...
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ArticleEuropean footwear brands returning to the Russian market
Nearly 15 percent of European footwear companies that pulled out from the Russian market last year have returned to the country, the Russian footwear union estimated. Germany’s Ara and Italy’s Igi&Co are examples of the Western shoe businesses resuming operations in Russia, the organization reported. Following Russia’s invasion of Ukraine ...
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CEC welcomes EU comprise on ecodesign
The European Footwear Confederation (CEC) welcomed a compromise reached on Dec. 4 between the European Parliament and the European Council regarding proposed legislation on ecodesign for Sustainable Product Regulation launched by the European Commission on March 30, 2022. It also believes that the forthcoming legislation could relaunch leather as a ...
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ArticleGörtz plans comeback in Austria with new openings, retail concepts
The Hamburg-based shoe retailer Görtz is off to a fresh start with new openings and revamped retail concepts after a troubled year and the recent change of ownership. The chairman, Bolko Kissling, who is also managing director of Vienna-based CK Technologies GmbH, is launching from Nov. 25 eight pop-up ...
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ArticleDesigner Brands slashes guidance after sharp decline in Q3 boot sales, post-Cyber Monday ‘lull’
Designer Brands slashed its guidance for the full year after reporting lower-than-expected sales and earnings in the third quarter ended Oct. 28 as consumers continued to be selective and an industry-wide decline in seasonal footwear had an “outsized” impact on the U.S. footwear group given its large seasonal assortment. “The ...
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ArticleEU to ban the destruction of unsold clothing and footwear
During the night of Dec. 4, the European Parliament and the European Council reached a provisional agreement, at a technical level, on revising the European Union’s ecodesign framework for sustainable products, the parliament said. The parties plan to introduce “ecodesign” rules for products, ban the destruction of unsold clothing and ...
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CEC elects Rosana Perán as president
The general assembly of the European Footwear Confederation (CEC) held on Dec. 1 in Elche, Spain, elected Rosana Perán, as its president for the next two years. She is the first woman to head CEC and succeeds Luis Onofre, president of the Portuguese footwear association, Apiccaps. Perán is president of ...
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ArticleGenesco sees promotional activity driving sales, pressuring margins in Q4
Genesco has raised its guidance for full-year sales while lowering expectations for profit margins following a strategic decision to increase promotional activity going into the holiday season as retailers continue to compete for more selective consumers. In the third quarter ended Oct. 28, group sales decreased by 4 percent compared ...
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ArticleRussia’s footwear imports rise sharply
In the third quarter of 2023, Russia imported 106.5 million pairs of shoes, 47 percent more compared with the same period of the previous year, the Russian Center for Prospective Technologies (CRPT) estimated. CRPT specializes in the development of digital labeling, marketing and tracking systems for goods in various industries. ...
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ArticleGerman retailers expect a weak Christmas shopping season
Retailers across Germany have a bleak outlook for the Christmas shopping season, according to the German Retail Federation (HDE). More than half of retailers in the non-food sector in Europe’s biggest economy are expecting weaker sales during the key Christmas period this year, as geopolitical concerns are set to put ...
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ArticleDr. Martens cuts its guidance as it continues to struggle in the U.S.
Dr. Martens cut its guidance for its full fiscal year as it warned that it is taking longer than anticipated for a turnaround of its business in the U.S., where it faces an increasingly difficult consumer environment and lacks visibility on wholesale sales. The U.K. footwear company said it now ...
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ArticleA new acquisition for Tre Zeta Group
Tre Zeta Group has acquired a 100 percent stake in Solettificio Do.Gi., an Italian company specializing in the design and production of insoles for women’s shoes for the world’s leading luxury brands. Situated in Civitella in Val di Chiana, in the Tuscan province of Arezzo, Do.Gi. was founded in 1977 ...
