Latest News Briefs – Page 19
-
News briefs
Wolverine Boots celebrates 140 years by selling 140 pairs at $1.40
Wolverine Boots is celebrating 140 years by giving 140 people the opportunity to purchase the 140th-anniversary 1000 Mile Boot for just $1.40 a pair. From Sept. 29 to Oct.16 customers are invited to visit wolverine.com/140. Winners will be notified on Oct. 24 and given priority access to purchase. The remaining ...
-
News briefs
Meta reportedly planning to launch paid versions of Facebook and Instagram
Meta is planning to launch a subscription service for ad-free Facebook and Instagram in Europe, according to a report in the Wall Street Journal. The newspaper said the proposal has been made to regulators in recent weeks as it seeks a way to handle European Union rules that threaten to ...
-
News briefs
Ecco USA names a new president
Ecco USA has appointed Deniz Erda as interim president replacing Tom Berry. Erda was previously senior vice president and general manager for Ecco Middle East and Africa. Berry had joined the company in January 2022 as president and CEO. “The U.S. remains a key market for Ecco. This change demonstrates ...
-
News briefs
Stuart Weitzman launches a men’s collection
Stuart Weitzman, the premium footwear brand of the U.S. fashion group Tapestry, is launching its first collection of men’s shoes. The collection will be available in February for the spring/summer 2024 seaon. The collection will consist of four segments - Premiere, Club, Resort and Sport - and will be distributed ...
-
News briefs
Cougar Shoes launches a collection with Michelin soles
Cougar Shoes, a Canadian footwear brand, has launched a winter collection featuring Michelin soles. The collaboration delivers footwear that is designed for women and made for ”real outdoor performance,” Cougar Shoes said in a statement, noting that the boots are temperature rated to - 40°C/-40°F. “I am so excited to ...
-
News briefs
Nike brand Q1 footwear sales up by 3.8%
Nike reported a 10 percent Ebit decline in the first quarter ended Aug. 31 to $1.65 billion on a 2 percent revenue expansion to $12.94 billion. Ebit margin dipped 2.00 percentage points to 12.5 percent from 14.5 percent in the year-ago period and fell in all geographic regions except ...
-
News briefs
Zalando creates VP of creative direction role
Zalando has appointed Morten Grubak as vice president of creative direction, effective Oct. 1. Grubak will be responsible for the creative direction of the Zalando brand in the newly created role. Grubak, who joins from the Vice Media Group where he led the group’s Global Innovation Lab (part of the ...
-
News briefs
Ralph Lauren expands its presence in Canada
Ralph Lauren is expanding Canada with the launch of dedicated digital commerce and the opening of a Ralph Lauren store in the country. The store was opened in Toronto’s Yorkdale Shopping Centre and is the first in a planned expansion in Canada, building on the company’s existing wholesale and outlet ...
-
News briefs
E-commerce sales continue to grow in Europe, but at a slower pace
In 2022, B2C European e-commerce grew to €899 billion, representing a 6 percent growth from 2021, according to the 2023 European E-commerce Report. The growth rate decreased from a 12 percent growth in 2021. The deceleration was attributed to saturation in e-commerce markets after the fading of the Covid-19 pandemic ...
-
News briefs
Kurt Geiger opens Oxford Street store
Kurt Geiger has opened a 2,916 square-foot store on the corner of Oxford Street and Holles Street in London. The British footwear and accessories brand is also planning the opening of stores in the Americas over the coming months. In October, the brand will open three stores in Mexico with ...
-
News briefs
Stuart Weitzman in an eyewear license deal with Safilo
Stuart Weitzman, the New York luxury footwear brand owned by Tapestry, has entered into an exclusive global licensing agreement with Safilo that runs through June 2029. Under the deal the Italian eyewear company will design, manufacture and distribute Stuart Weitzman branded sunglasses and optical eyewear collections. The first collection will ...
-
News briefsAPL’s partnership with True Fit led to 15% drop in returns
A partnership between Athletic Propulsion Labs (APL), an American brand of luxury performance athletic footwear, and True Fit, an artifical intelligence driven fit platform, has led to a 2 percent increase in revenues while reducing fit-related returns by 15 percent on the Shopify platform, the companies said in a joint ...
-
News briefs
Hobby Lobby, Orly Shoe, Amoji cleared of Crocs trademark violation
The U.S. companies Hobby Lobby and Orly Shoe and Chinese-owned Amoji were cleared of violations of Crocs’ trademark by the U.S. International Trade Commission, according to a notice published in the Federal Registar. The commission issued a limited exclusion order against defaulting respondents La Modish Boutique, Star Bay Group, Huizhou ...
-
News briefs
Shoe Carnival appoints a new CFO
On Sept. 25, Shoe Carnival announced that Patrick Edwards was named senior vice president, chief financial officer, secretary and treasurer, effective immediately. Edwards served as the company’s chief accounting officer and secretary since 2021 and served as vice president and controller since he joined Shoe Carnival in 2019. ”Mr. Edwards ...
-
News briefsShoe Carnival hikes dividend by 20%
Shoe Carnival has declared a quarterly cash dividend of $0.12 per share, representing an increase of 20 percent from $0.10 per share previously. The dividend will be paid on Oct. 17 to shareholders of record as of the close of business on Oct. 3. “This marks our 46th consecutive quarterly ...
-
News briefsGeox picks Penélope Cruz as brand ambassador
Geox has chosen Penélope Cruz as its first-ever brand ambassador. The Spanish actress-cum-model and designer will feature on the Italian brand’s advertising campaign for the forthcoming autumn/winter collection. Cruz has also developed with her sister Mónica a capsule collection with Geox for spring/summer 2024 that will be launched in February. ...
-
News briefs
Golden Goose shareholder reportedly hires an advisor for an IPO
The private equity Permira has hired a financial advisor to study an initial public offering (IPO) on the Milan stock exchange for Golden Goose, according to the business newspaper Il Sole 24 Ore. The advisor is believed to be a US investment bank present in Europe. The IPO could be ...
-
News briefs
Reebok unveils new premium sportstyle line in partnership with Farfetch's NGG
Reebok has unveiled Reebok LTD, a new premium line led by New Guards Group (NGG), with the goal of further elevating the Reebok brand through new products and collaborations. Reebok defines LTD as “a playground for creative evolution” under the motto “LEARN. TEST. DESIGN.” (LTD); a platform to unleash personal ...
-
News briefs
Asos appoints William Barker to its board
Asos has appointed William Barker as a non-executive director. Barker is the founder and CEO of Camelot Capital Partners, a California-based investment management company. Camelot Partners holds 16,722,381 ordinary shares in Asos, representing 14.02 percent of the issued share capital of the British online fashion retailer. “Asos has a long-standing ...
-
News briefs
Novelship secures $9.5 million in Series B funding
Novelship, a Singapore-based marketplace founded in 2018, has received US$9.5 million in its Series B funding round led by East Ventures, iGlobe Partners and GSR Ventures. The company said the new funding will accelerate its efforts to strengthen its brand presence across Southeast Asia. This includes improving logistics capabilities, refining ...
