Latest News Briefs – Page 32
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News briefs
The Platform Group's GMV up 20% in H1
German e-commerce company The Platform Group (TPG), the owner of online footwear retailer Schuhe24 and other e-commerce platforms, reported that gross merchandise volume (GMV) grew by 20 percent year-over-year to €442.5 million in the first half of 2024 while net sales increased by 23 percent to €231.5 million. The number ...
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Heydude picks Sydney Sweeney as its brand ambassador
Heydude hired Sydney Sweeney as its “global spokesperson.” On Aug. 21, the brand owned by Crocs, announced a long-term and global partnership with Sweeney as well as unveiling its new brand campaign ”to create a movement of Dudes.” Sweeney is a two-time Emmy nominated actress and producer.
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Skechers hires Ruud Gullit as brand ambassador in Benelux
Ruud Gullit, a football legend and former captain of the Dutch national team, has signed on with Skechers as its first ambassador in Benelux. Named World Soccer Player of the Year twice, Gullit will be featured in multi-platform marketing for Skechers’ footwear and apparel collections, including Skechers Hands Free Slip-ins ...
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JD reiterates its Ebit guidance
JD Sports Fashion maintained its annual guidance of Ebit before adjusting items of £955.0 million to £1,035 million (€1.13-1.22bn) despite a persistently volatile global macro environment. The guidance does not include Hibbett Sports whose acquisition was completed in the fiscal second quarter. In the second quarter ended Aug. 3, the ...
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News briefs
French footwear sales dip in July
In July, French footwear retail sales fell by a seasonally and working-day adjusted 2.7 percent month-on-month, after growing by 4.6 percent in June, according to the Bank of France. The June figure was revised up from a preliminary growth estimate of 4.5 percent. Overall French retail sales rose by 0.4 ...
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News briefs
Sara Blakely launches the footwear brand Sneex
Sara Blakely, the founder of the underwear brand Spanx, launched on Aug. 20 the footwear brand Sneex, which focuses on comfortable high-heel shoes. Sneex shoes are manufactured in Spain and retail from $395 to $595. They are available on Sneex.com in three styles (single strap, double strap and wide strap) ...
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Björn Borg’s shoe revenues surge by 199% in Q2
Björn Borg’s footwear revenues surged by 199 percent during the second quarter of 2024 after the sports fashion brand took over the distribution of shoes following the bankruptcy of the Dutch group Unlimited Footwear Group (UFG) in February. UFG, through the subsidiary Serve&Volley was the licensee responsible for Björn Borg’s ...
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News briefs
Ted Baker closes all its stores in the UK, Ireland
Ted Baker, the troubled British fashion retailer owned by the US group Authentic Brands Group (ABG), will close on Aug. 20 the 31 stores it still operates in the UK and Ireland, which could result in more than 500 layoffs, according the consulting and advisory firm Teneo, which is Ted ...
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News briefs
Alibaba's Q1 revenues below expectations
In the fiscal first quarter ended June 30, Alibaba reported revenues of 243.24 billion yuan renminbi (€31.13bn), an increase of 6 percent year-on-year but below market expectations of a top line of RMB 249 billion. Revenues were primarily driven by the company’s Cloud Intelligence Group, whose revenues increased by ...
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Allbirds appoints a new board director
San Fransisco-based sports shoe brand Allbirds has appointed Ravi Thanawala, the Chief Financial Officer (CFO) of Papa John’s International, Inc., to its board of directors, effective Sept. 10, 2024. Thanawala has been CFO of Papa John’s since July 2023 and served as interim Chief Executive Officer from March ...
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News briefs
United Commerce Group buys Greats from Steve Madden
New York-based Unified Commerce Group (UCG) bought the premium sneaker brand Greats from Steve Madden, which had bought the label in 2019. As part of the deal, Steve Madden will take a stake in UCG, according to Footwear News. UCG also invested in the Utah-based womenswear retailer Böhme. “Today we ...
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Asian brands increase their presence in the Russian market
In the first half of 2024, several new foreign footwear brands emerged in the Russian market, according to CORE.XP, a local consultancy. For example, the Chinese footwear brand Josiny and the Chinese children’s clothing and footwear brand Balaba officially launched operations in the country. In total, 15 new brands started ...
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News briefs
Sioux appoints a new sales representative for Austria
Sioux has appointed a new sales representative for the Austrian market. Starting from the spring/summer 2025 season, Michael Bachmayer will oversee the company’s sales in the country, the German shoe manufacturer said. The 35-year-old manager brings extensive experience from working with renowned footwear brands such as Rohde, Peter ...
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News briefs
Leder & Schuh launches Delka in Humanic and Shoe4you stores
After its recent acquisition by the Austrian shoe retailer Leder & Schuh, the footwear brand Delka is now being integrated into a new comfort shoe line exclusively available at the group’s Humanic and Shoe4you stores. “Initially, the brand will be sold exclusively at Humanic and Shoe4you stores, but could ...
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News briefs
Stuart Weitzman hires five global ambassadors
Stuart Weitzman announced five new global ambassadors: Aly Raisman, Christy Turlington, Issa Rae, Lucy Liu and Ming Xi. They are set to star in the brand’s new campaign film “How Lovely to Be a Woman,” premiering Sept. 4.
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News briefs
Timo Schmermund becomes Head of Sales for DACH at Relife
Timo Schmermund joined the Relife shoe brand last month as Sales Manager for the so-called DACH region, which covers Germany, Austria and Switzerland. Schmermund comes from the German shoemaker Rohde, where he worked from July 2021 as Key Account Manager starting in July 2021, and as Head of Sales for ...
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Coats appoints a board director
Coats said that Srinivas Phatak will join the board as a non-executive director, effective Sept. 1. In addition, he will join the audit and risk committee and the nomination committee. Phatak is currently the Deputy Chief Financial Officer and Group Controller at the consumer goods company Unilever PLC. He has ...
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News briefs
S.Oliver Group hires new Country Manager for Austria and Italy
The German footwear brand s.Oliver appointed Marcel Peters as Country Manager for Austria and Italy. Peters took over his new duties on June 1, 2024, succeeding Felix Kinnen, and is now responsible for the wholesale, franchise, depot and retail divisions, the Rottendorf-based company said in a statement. “In ...
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News briefs
Generational change starts at safety shoe manufacturer Baak
A new generation has been called to the helm at the safety shoe manufacturer Baak as Andrea Grusa steps down to give way to her son Christian Grusa, marking the beginning of a planned generational transition at the family-owned company. Thirty-one-year-old Christian, who has overseen organizational and brand development ...
