Latest News Briefs – Page 11
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News briefs
Kizik hires a head of design
Kizik, a US brand specializing in slip-on shoes, has hired Andreas Harlow as Senior Vice President of Design. Harlow has spent two decades with Nike, where he most recently served as Vice President Global Footwear Creative Director for Jordan Brand, “creatively fueling the brand’s phenomenal growth for the last 3 ...
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News briefs
Pollini’s sales decline slows down sharply in Q3
Pollini, the luxury footwear brand wholly-owned by the Italian fashion house Aeffe, posted sales of €23.6 million in the first nine months of 2024, down by 9.5 percent from a year earlier. The brand represented 11.4 percent of the group’s revenues, up from 10.3 percent a year earlier as it ...
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News briefs
Golden Goose and On Holding’s management reportedly met
The managements of Golden Goose and On Holding have met, which triggered speculation that the Swiss group could buy the Italian brand of premium sneakers, reported the Italian daily Il Sole 24 Ore. The daily added that sources close to Golden Goose do not deny the meeting but rejected rumors ...
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News briefs
Zappos reopens its outlet in Louisville
After two years, Zappos.com has reopened its original and only outlet store, The Outlet Powered by Zappos, in Louisville, Kentucky. The US online footwear retailer first opened the outlet in 2019 and then closed it at the end of 2022 as part of its effort to refocus its business. “Zappos ...
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News briefs
Wolverine opens an innovation hub in Boston
Wolverine Worldwide, Inc. (WWW) has opened a new global Innovation Hub on 90 Causeway Street in Boston, Massachusetts. The 11,000-square-foot facility will accommodate employees from the group’s design and product teams, including Saucony product team members specializing in design, development, product management and merchandising. The opening on Nov. 14 comes ...
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News briefs
Taos promotes its top management
Taos, the US brand of comfort shoes which will celebrate 20 years of business in 2025, promoted its top management. Glen Barad, the founder and President, becomes CEO. Bill Langrell, the Chief Operating Officer, becomes President and COO. Sylvia Jensen, the National Sales Manager, is promoted to Vice President of ...
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News briefs
Alibaba's quarterly sales up 5%
In the fiscal second quarter ended Sept. 30, Alibaba posted revenues of 236.503 billion yuan renminbi (€33.0 billion) and income from operations of RMB 35.246 billion (€4.8 billion), both up by 5 percent year-over-year. The Chinese online retailer Alibaba said that diluted earnings per share grew by 69 percent to ...
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News briefs
Brand, price and sustainability are key drivers for German consumers
More than 60 percent of Germans own up to ten pairs of shoes, and nearly a fifth buy new shoes at least four times a year, placing a special importance on brand, price and sustainability, a survey from the trade magazine Schuhkurier and the Cologne-based market research and consulting institute ...
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News briefs
Hardrige to supply shoes to the French prime minister’s office
Hardrige has won a €760,000 contract to supply shoes to the staff of the French Prime Minister’s office for four years. The company is expected to provide between 250 and 300 pairs each year. Founded in 1985, the family-owned company is located in Sillans, in the French department of Isère. ...
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News briefs
LVMH names a new CFO
LVMH announced that Cécile Cabanis, a member of its executive committee, will be appointed Chief Financial Officer of the French luxury goods group, succeeding Jean-Jacques Guiony as of Feb. 1. Meanwhile, Guiony, who is a member of the executive committee, will be named President and Chief Executive Officer of the ...
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News briefs
Klarna plans an IPO in the US
Klarna has filed a draft registration with the Securities and Exchange Commission (SEC) for an initial public offering in the US. The terms of the transaction have yet to be defined. In a statement, the Swedish payment firm said that it has “confidentially submitted a draft Registration Statement on Form ...
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News briefs
Germany GDP may be hit by US tariffs
Tariffs pledged by US President-Elect Donald Trump could cost Germany about 1 percent of its gross domestic product (GDP), said Joachim Nagel, president of the Bundesbank, Germany’s central bank, and member of the European Central Bank’s governing council. “If the tariff plans are implemented, it could cost us 1 percent ...
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News briefs
Global personal luxury goods market set to drop by 2% in 2024
In 2024, the global market for personal luxury goods is expected to fall by 2 percent to €363 billion, according to a survey released by the consultancy Bain & Company in collaboration with Fondazione Altagamma, the Italian luxury goods manufacturers’ industry foundation. In 2025, the global market for personal ...
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News briefs
HDS/L launches circular economy project
The German footwear and leather goods trade association, HDS/L, has launched a circular economy project to guide and assist the industry as it faces the challenge of transforming its production model. The ‘Circular Economy in the Footwear Industry. Creating Cycles. Securing the Future’ project aims to develop viable strategies and ...
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News briefs
StockX has a new CEO
StockX has announced that Scott Cutler has chosen to step down as Chief Executive Officer effective Dec. 31, 2024. The board has selected Greg Schwartz, the company’s co-founder, President & COO, as his replacement. Cutler, who is one of StockX’s earliest investors and served as an advisor to the company ...
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News briefs
Brazil expects to produce over 900 million pairs of shoes in 2025
Brazilian footwear manufacturers expect to produce more than 900 million pairs of shoes in 2025, thus returning to levels last seen before the Covid-19 pandemic hit the country in 2020. In 2019, the country produced 898 million pairs. Due to the disruption caused by Covid-19-related lockdowns, footwear production dropped to ...
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News briefs
Bally appoints a new CEO
The Swiss luxury brand Bally has appointed a new CEO, just months after its acquisition by the US investment firm Regent. Ennio Fontana took the helm of the company succeeding Nicolas Girotto, whose resignation was announced a few weeks ago. Girotto had been in the position since 2019. ...
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News briefs
Bär and Joe Nimble have become independent companies
The shoe companies Bär and Joe Nimble have separated with retroactive effect. The comfort shoe brand Bär and running shoe brand Joe Nimble, which were previously managed under Bär GmbH, have been operating as independent companies since July 1. The separation was the result of a decision by the brothers ...
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News briefs
Alpargatas posts a Q3 profit
In the third quarte of 2024, the Brazilian group Alpargatas reported a net income of R$57.3 million reais (€8.8m) against a loss of R$8.5 million a year earlier. The gross margin widened by 7.10 percentage points year-over-year to 47.7 percent as total sales increased by nearly 16 percent to ...
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News briefs
Vulcabras’ profit rises 35 percent in Q3
For Vulcabras, the Brazilian footwear group, net income increased by 35 percent to 172.2 million Brazilian reais (€27.3m) as Ebitda margin expanded by 0.90 percentage points to 25.1 percent in the quarter ended Sept. 30. Gross margin inched up by 0.20 percentage points to 43.1 percent from 42.9 percent. Shipped ...
