Latest News Briefs

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    Indonesia and EU aim to reach a free trade deal in 2023

    2023-01-25T07:28:00Z

    The European Union and Indonesia aim to conclude a free trade agreement by the end of 2023 despite numerous trade disputes, said Vincent Piket, the EU’s ambassador in Jakarta. Piket told journalists that European Commission’s President Ursula von der Leyen and the Indonesian President Joko Widodo had decided in the ...

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    THG appoints a new CFO

    2023-01-24T12:53:00Z

    On Jan. 24, THG appointed Damian Sanders as chief financial officer (CFO) with immediate effect. Sanders takes over as CFO from John Gallemore, who has been appointed chief operating officer (COO). Sanders has been a member of the board of the British online retailer for the past two years. He ...

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    German consumer confidence continues to improve

    2023-01-24T10:20:00Z

    In February, German consumer confidence is expected to rise by 3.7 points from January to -33.9 points, according to a preliminary estimate by the research institute GfK. “With the fourth increase in a row, the positive trend in consumer sentiment is consolidating. Even though the level is still very low, ...

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    Cambodia’s footwear exports up nearly 25% in 2022

    2023-01-23T15:42:00Z

    Cambodia’s footwear exports rose by 24.8 percent in 2022 to $1.74 billion, according to the General Department of Customs and Excise. The country’s overall exports of garment, footwear and travel goods products totalled $12.63 billion in 2022, up by 14.9 percent year-over-year. Exports for garments grew by 12.7 percent to ...

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    Shloop to open a production site in Mississippi

    2023-01-23T15:42:00Z

    Shloop, a startup footwear manufacturer, is opening a manufacturing facility in Meridian, in the U.S. state of Mississipi. The $9 million investment is due to create 56 jobs. The footwear factory is located in a 32,000 square foot building dating back to the 1930s and started as a bakery. The ...

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    ​Kazakhstan could face a sharp increase in footwear prices

    2023-01-23T14:08:00Z

    New labelling rules are expected to lift the retail prices of shoes on the Kazakh market by 30 percent in 2023, a group of importers told the local publication Caravan. Kazakhstan introduced mandatory digital labelling of footwear on Nov. 1, 2021, but let retailers sell unlabeled shoes during a transition ...

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    Ecuador, Mexico free trade talks at ‘dead end’

    2023-01-23T14:08:00Z

    Talks to reach a free trade agreement between Ecuador and Mexico are at a “dead end”, according to the Ecuadoran President Guillermo Lasso. Lasso said that the Mexican president Andres Manuel Lopez Obrador had informed him that Mexican banana and shrimp producers are opposing a free trade deal. Ecuador had ...

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    Tod’s strengthens production footprint with new Tuscan factory

    2023-01-23T14:07:00Z

    Tod’s is moving forward with the construction of a new factory in the municipality of Pontassieve, which is located in an important district for the production of leather goods near Florence in Italy’s Tuscany region. The Italian financial daily Il Sole 24 Ore estimates Tod’s will invest about €15 million ...

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    ​Anna und Paul founder and managing director Sonja Rendez dies at 57

    2023-01-23T14:07:00Z

    Sonja Rendez, the founder and long-time managing director of the Cologne-based children’s shoe company Anna und Paul GmbH, died on Dec. 14, 2022 at the age of 57. The fashion designer had been battling cancer. Rendez founded the company for baby crawling and walking shoes in 2001 and served ...

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    Candice Cooper founder Christoph Siegel dead at 68

    2023-01-23T14:07:00Z

    Christoph Siegel, the founder of the Candice Cooper footwear brand, has died in Essen at the age of 68. The Bavarian-born shoe specialist started his career in the footwear industry more than 45 years ago as a sales representative with well-known brands such as Charles Jourdan. In 2007, ...

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    New DACH sales manager for Superga and Sebago

    2023-01-23T14:07:00Z

    Superga and Sebago get a new sales manager for German-speaking markets. CMH Consulting, Management and Handel, a company based in Kufstein, Austria, which holds the license for the two brands, has hired footwear veteran Pierre Lefebvre effective from Jan. 1, 2023. The 59-year-old is currently setting up a new ...

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    French footwear sales up 7.3% in December

    2023-01-23T14:07:00Z

    In December, French footwear retail sales increased by a seasonally and working day adjusted 7.3 percent month on month, according to the Bank of France. In November, sales of footwear grew by 3.3 percent. Overall, retail sale volumes in France inched up a seasonally and working day adjusted 0.5 percent ...

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    U.K. retail sales unexpectedly fell in December

    2023-01-23T14:04:00Z

    In December, retail sales in the U.K. fell by 1.0 percent month-on-month in volume after dropping by 0.5 percent in November, revised from an earlier reading of a 0.4 percent decline, according to data released by the Office for National Statistics that noted that sales volumes were 1.7 percent lower ...

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    StockX breaks records in 2022, reveals most traded sneakers

    2023-01-19T16:15:00Z

    In a new report, Detroit-based resale platform StockX details the top-traded and fastest-growing brands on its platform over the last year. StockX’s annual report – Big Facts: Current Culture Index 2023 – notes that the company surpassed 1.5 million lifetime sellers, 12 million lifetime buyers and 40 million lifetime trades ...

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    Go Sport placed into receivership

    2023-01-19T15:37:00Z

    A Grenoble-based commercial court has placed under controlled administration, or receivership, the French retailer of sporting goods Groupe Go Sport after having established that it was insolvent. The court said that it “has ascertained the insolvency of the company Groupe Go Sport and launched proceedings for receivership.” It noted that ...

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    THG’s FY sales rise 3.3%

    2023-01-17T16:21:00Z

    THG said that in 2022 revenues rose by a reported 3.3 percent to £2.253 billion (€2.544bn). Excluding Russia, the top line grew by 4.1 percent. The British online company said that it normalized inventory levels through the second half of 2022, with an about £75 million (€84.7m) reduction in group ...

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    Aerosoles launches a shoe collection for kids

    2023-01-16T08:20:00Z

    Aerosoles is launching a collection of children’s footwear as it seeks to establish itself as a global lifestyle brand by expanding beyond women’s shoe. The U.S. brand recently announced that it would be introducing men and women’s flip flops as well as men’s socks, slippers and roller skates to its ...

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    Merrell has a new head for U.S. sales

    2023-01-16T08:20:00Z

    Merrell has appointed Jessica Adler as the brand’s vice president of U.S. sales. With nearly 20 years of experience in retail, Adler will be responsible for the evolution of Merrell’s U.S. wholesale strategy which will further advance the brand’s roadmap for future growth. In her new role, Adler will report ...

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    Caleres confirms FY outlook

    2023-01-16T08:20:00Z

    Caleres confirmed its financial outlook for consolidated sales, adjusted earnings per share and inventory position for fiscal year 2022. The U.S. footwear company expects full-year sales up by between 4 percent and 6 percent year-over-year, adjusted earnings per share to come in between $4.30 and $4.40 and inventory to ...

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    Oeko-Tex joins ban on PFAS

    2023-01-16T07:01:00Z

    The Swiss testing, labeling and certification body Oeko-Tex has issued new guidelines for a number of its standards, which are due to come into force in the first quarter of 2023 after a transition period. In addition to a brand new certification for organic cotton (Oeko-Tex Organic Cotton), Oeko-Tex has ...