Latest News Briefs – Page 58
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News briefs
Heydude fined by U.S. consumer protection agency
Crocs-owned brand Heydude has agreed to pay $1.95 million to settle allegations by the U.S. Federal Trade Commission (FTC) that it misled consumers by suppressing negative reviews, including more than 80 percent of those that did not award four or more stars. The FTC accuses the company of violating its ...
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News briefs
Footasylum adopts new retail concept in larger store
Footasylum, leading British retailer of branded fashion and footwear, has moved to a new and improved retail space at the Lakeside Shopping Centre in England, where it previously occupied a space of around 300 square meters. The new 900-sqm space features a refreshed store concept that seeks to create a ...
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News briefs
Garmont posts 16% sales growth in H1
Italian outdoor footwear manufacturer Garmont saw its sales increase by 16 percent in the first half of 2023 as compared to the same period of 2022, with Ebitda up by 38 percent. The company attributed the growth in the first half to the outdoor segment and its new products for ...
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News briefs
Peugeot Invest buys a stake in Gruppo Florence
Peugeot Invest, the holding company of the Peugeot family, has invested €20 million in Gruppo Florence, an Italian holding company that owns 26 suppliers to the luxury goods industry, including three footwear manufacturers, according to the daily Corriere della Sera. Peugeot Invest, which has a 7 percent stake in the ...
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News briefs
Designer Brands unveils first shoe produced by JEMS by Pensole
On Sept. 15, Designer Brands, the parent of the shoe retailer DSW Designer Shoe Warehouse (DSW), unveiled the FIRST JEM, the inaugural shoe from the JEMS by Pensole brand. It is the first shoe to roll off the assembly line at one of the first Black-owned footwear factories in the ...
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News briefs
H&M’s Q3 sales disappoint
H&M’s net sales in the third quarter that ended Aug. 31 reached SEK 60.897 billion (€5.1bn), up by 6 percent from a year ago but were “flattish” in local currency terms. Excluding Russia, Belarus and Ukraine, sales rose 8 percent in Swedish krona. H&M wound up its operations in Russia ...
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News briefs
Elisabet obtains Elisabetta Franchi license for girls’ shoes
Elisabet will be supplying shoes for girls aged between 0 and 14 under the Elisabetta Franchi brand starting with the spring/summer 2024 collection. The license covers Europe, the Middle East and Africa. The shoes will be available in third-party stores and through the retail network of the Elisabetta Franchi ...
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News briefsBASF presents process to recycle PU to produce new soles
At Simac Tanning Tech 2023, the international trade fair for machinery and technology for the footwear and leather industry, which takes place from Sept. 19 to 21 in Milan, the German chemical group BASF will be presenting a new process that makes it possible to use granulated polyurethane (PU) waste ...
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News briefs
Golden Goose’s H1 sales up 21% to €276.4m
Golden Goose’s first-half revenues totaled €276.4 million, up by 21 percent year-on-year and by 65 percent compared with the same period in 2021. The Italian sneaker brand said that growth was underpinned by its internationalization, the focus on direct-to-consumer (DTC) sales and the expansion of its product range. DTC sales ...
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News briefs
Saucony launches its 'most sustainable' sneaker to date
Saucony has launched the Triumph RFG (Running For Good), described by the performance running lifestyle brand as “its most sustainable shoe to date.” The new shoe features plant-based, petroleum-free CovationBio PDO Susterra propanediol. The Triumph RFG is the first athletic shoe to utilize 55 percent of Susterra propanediol in a ...
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News briefs
Italy on the edge of a recession
Italy’s gross domestic product (GDP) is now expected to rise by 0.8 percent in 2023 and by 1.0 percent in 2024, said Mariano Bella, director of the research office of Italian retailers’ association Confcommercio. That compares with Confcommercio’s previous estimates of 1.2 percent and 1.3 percent growth for the two ...
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News briefs
Inditex’s H1 sales up 13.5%
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho, said that in the first half ended July 31 net sales rose by 13.5 percent to €16.9 billion. At constant currency rates, the top line grew by 16.6 percent. Gross profit increased by 14.1 ...
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News briefs
Zegna’s H1 net profit rises nearly 148%
The Italian fashion house Ermenegildo Zegna posted a net profit of €52.1 million in the first half of 2023, up by 147.9 percent compared to the year earlier. Revenues for the period, which was already reported in July, increased by 23.9 percent to €903.1 million. The group’s adjusted Ebit was ...
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News briefs
Rocky Brands’ CFO leaves after a six months in the job
On Sept. 12, Rocky Brands said that its senior vice president, chief financial officer and treasurer, Sarah O’Connor, has resigned from her position, effective immediately. O’Connor had joined the company in mid-March to replace Tom Robertson, who had been promoted to the newly created role of chief operating officer. The ...
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News briefs
Caleres appoints its first chief design & product officer
Caleres has promoted, with immediate effect, Natelle Baddeley to the newly created post of chief design & product officer. In her new role, Baddeley has creative oversight for the majority of the Caleres brand portfolio, including Naturalizer, Vionic, Dr. Scholl’s, Veronica Beard, Vince, Franco Sarto, Blowfish Malibu and LifeStride. She ...
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News briefs
The Aura blockchain appoints a new CEO
The Aura Blockchain Consortium has appointed Romain Carrere as chief executive officer and general secretary. He replaces the general secretary Daniela Ott. Ott was appointed general secretary in June 2021, a few weeks after the launch of the project. The consortium is a non-profit association based in Switzerland promoting socially ...
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News briefs
U.S. National Retail Federation takes over the Reverse Logistics Association
In the U.S., the National Retail Federation (NRF) has acquired the Reverse Logistics Association (RLA), a global trade association for the returns and reverse industry. The move is part of “NRF’s unrivaled commitment to support sustainable practices throughout the retail industry,” according to a statement. “NRF has a long ...
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News briefs
WHP buys majority stake in G-Star RAW
WHP Global, an American brand management firm, will acquire a majority interest in the denim brand G-Star RAW. No financial details were released. Under the terms of the agreement, the existing G-Star shareholders, including founder Jos van Tilburg, will retain a stake in the brand. The current management team of ...
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News briefs
Clarks pick Cat Burns as brand ambassador
Clarks has chosen the 23-year old British singer Cat Burns as its latest brand ambassador. She will promote the Torhill ankle boot that channels “the legendary cool of the Clarks Wallabee mixed with chunky, ‘90s-inspired Big Gripper soles to create new icons for the future”.
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News briefs
Fagus-GreCon Greten to spin off its mould business
As of Jan.1, 2024, Fagus-GreCon Greten will spin off its Fagus division into an independent company called Fagus GmbH. “The new company’s ambition is to fulfill the growing demands in the shoe industry which require a modern and customer-oriented approach in the areas of moulds, design, shoe lasts and DIP ...
