Latest News Briefs – Page 128
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News briefs
Russian shoes gain in popularity according to Wildberries
In the first four months of 2021, sales of Russian-made goods jumped by 130 percent to 114 billion rubles (€1.3bn-$1.6bn), with shoes and clothes being the most popular product categories, according to Russia’s biggest online retailer Wildberries. Ivanovo Oblast region was the biggest supplier of adult shoes and clothes, while ...
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News briefs
Deichmann to use Targomo’s technology to select stores
Deichmann has chosen Targomo’s technology to support it in its site selection in Germany, where it operates more than 1,400 stores. The German footwear retailer will use the company’s location intelligence platform to predict the potential of new sites and further improve the performance of existing shops. Deichmann, which operates ...
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News briefs
Yandex enters the Russian fashion market
Yandex, a Russian provider of internet services, has completed the acquisition of Private Trade, which operates the online stores KupiVIP and Mamsy. Both sites focus on selling shoes and clothes online, with KupiVIP also managing five brick-and-mortar stores. With the acquisition, Yandex, which runs the aggregator of online stores Yandex.Market, ...
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News briefs
Weyco buys outdoor footwear brand Forsake
Weyco has acquired substantially all of the operating assets and certain liabilities of Forsake, an American distributor of outdoor footwear. The principal assets acquired were inventory, accounts receivable and intellectual property, including the Forsake brand name. The purchase price was about $2.50 million, plus contingent payments paid annually over a ...
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News briefs
Garmont announces new distributor for U.K. and Ireland
Garmont, the Italian outdoor footwear brand founded in 1964, has announced the appointment of Ultra Sport EU as its exclusive distributor for the U.K. and Ireland. Ultra Sport EU has been distributing well-known action sports brands for over 40 years and is now adding outdoor footwear to its portfolio with ...
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News briefs
Jack Wolfskin hires Selim Say as VP footwear
As part of the strategic realignment under new CEO Richard Collier, Jack Wolfskin is strengthening its footwear division and making it a key focus with the hiring of footwear expert Selim Say as vice president footwear, a newly created position. Say will be responsible for the brand’s entire footwear segment ...
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News briefs
Bata India names a new CEO
Bata India, which is India’s largest footwear retailer and the largest business of Switzerland-based Bata, has appointed Gunjan Shah as chief executive, effective June 21. He joins the company from the Indian food and beverage group Britannia and replaces Sandeep Kataria, who was promoted global chief executive of Bata at ...
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News briefs
Burberry pledges to be climate positive by 2040
The British luxury goods group Burberry has pledged to become climate positive by 2040, 10 years ahead of targets set out in the Paris Agreement, thanks to a series of commitments including cutting emissions across its extended supply chain by 46 percent by 2030, compared with a previous target of ...
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News briefs
John Lobb opens a store in Paris
John Lobb has opened a club-like store, with interior design by the French firm Ciguë, at 51 rue François Premier in Paris. The brand’s CEO, Philippe Gonzalez, described it to Fashion Network as a “place and moment to cool down.” “Even if you don’t buy today,” he continued, “you will ...
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News briefs
Vans introduces the Eco Theory collection
Vans has introduced a new take on some of its best-known silhouettes, made from responsibly sourced materials. The new capsule collection, dubbed the “Eco Theory” line, features new takes on the Authentic, Slip-On and Style 36 models. For the Eco Theory, Vans has used materials like natural rubber, organic cotton, ...
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News briefs
Wolverine sees Q2 revenues increasing year-on-year
Wolverine World Wide expects second-quarter revenues to grow year-on-year. The company noted that its performance has accelerated in the second quarter of the year, driven by the strength of its largest brands, Merrell, Saucony and Sperry, and “compelling product innovations.” The company’s portfolio also includes Hush Puppies, Wolverine, Keds, Chaco, ...
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News briefs
Pinterest brings shopping functions to Australia, Canada, France and Germany
The Pinterest photo app wants to become more of a shopping platform internationally. After the U.S. and U.K., the company’s shopping functions will now also be available in Australia, Canada, France and Germany. Users will thus have the opportunity to buy products directly via pins, pinboards and search results. The ...
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News briefs
EU updates VAT rules for international online trade
New EU tax rules for orders placed with non-European online retailers will come into force at the beginning of July. The most important change is the elimination of the previous exemption limit of €22 for direct (B2C) imports. This means that import VAT will be due on all packages, with ...
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News briefs
Ferragamo in perfume license talks with Interparfums
Salvatore Ferragamo is in exclusive negotiations with Interparfums, a manufacturer and distributor of prestige perfumery and cosmetics, to manage the worldwide license of Ferragamo brand perfumes.
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News briefs
René Caovilla reshuffles its management
The Italian luxury footwear brand René Caovilla has undergone a management reshuffle after Edoardo Caovilla quit the company in February. In an interview with the daily Corriere della Sera, René Fernando Caovilla said that his son Edoardo had left after “several years at my side and is now involved in ...
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News briefs
Capri names Jenna Hendricks chief people officer
Capri Holdings, the parent company of Jimmy Choo, Versace and Michael Kors, promoted Jenna Hendricks senior vice president, chief people officer effective June 1. Hendricks will be responsible for leading the global human resources organization for the group across all three luxury houses. She will continue to report to Capri’s ...
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News briefs
FDRA’s new leadership team takes office
On June 1, the new leadership team of Footwear Distributors and Retailers of America (FDRA) became effective after having been approved by the association’s board during a virtual meeting on March 24. Cliff Sifford, the vice chairman and CEO of Shoe Carnival, was unanimously selected to become chairman. Sifford was ...
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News briefs
Pakistan’s footwear exports rise in volume, fall in value
In the first ten months of Pakistan’s fiscal year, which ends on June 30, footwear exports rose by 18.9 percent year-over-year in volume to 14.24 million pairs but fell by 1.0 percent in value to $107.35 million, with leather footwear representing 82.0 percent of the total value, according to the ...
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News briefs
JD transfers Dutch chains to ISRG
JD Sports Fashion is selling two Dutch chains of sporting goods stores, Aktiesport and Perry Sport, to the Iberian Sports Retail Group (ISRG), in which it holds a controlling interest off 50.02 percent, for £16.5 million (€19.2m-$23.3m). The rationale behind the transaction, which is expected to be completed on June ...
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News briefs
Covid-vaccinated Europeans to enter France freely from June 9
Europeans vaccinated against Covid-19 will be able to enter France without a PCR test from June 9, said the Transport Minister Jean-Baptiste Djebbari. From June 9 “vaccinated Europeans can come to France without a PCR test,” he said in an interview with the television CNEWS.
