Latest News Briefs – Page 6
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News briefs
Germany could lose 5,000 stores in 2024
The retail sector in Germany is set to lose 5,000 more stores across all consumer goods segments in 2024, extending a downward trend, according to a forecast by the German Retail Association (HDE). By the end of this year, store closures since 2020 are expected to reach 46,000, the ...
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News briefsShiekh Shoes launches a credit card
Shiekh Shoes, a US footwear and apparel retailer, is introducing the Shiekh Credit Card in partnership with Sunbit, a financial technology firm. The co-branded retail credit card is built on the Sunbit Credit Card platform and ”designed to enhance the shopping experience and foster brand loyalty,” Shiekh Shoes said. By ...
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News briefs
Schuh-Welt files for restructuring under self-administration
The German shoe retailer Schuh-Welt has filed for restructuring under self-administration with the Pirmasens district court, as sluggish demand and rising rent and energy costs have taken their toll on the company’s finances. The retailer operates ten stores in southwestern Germany, including its headquarters in Waldfischbach-Burgalben, in the Rhineland-Palatinate ...
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News briefsSkechers’ store network exceeds 5,000 units
Skechers’ store network has exceeded 5,000 locations, and the US company indicates that it is on track to doubling its footprint. The 5,000th store was opened in Bogotá, Colombia. The US footwear company opened its first Skechers store in 1995 in Manhattan Beach, near its corporate offices in Los Angeles. ...
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News briefsFrench shoe sales drop 4.9% in 2023
In 2023, sales volumes of fashion items dropped by 4 percent in France, led by a 4.9 percent decline in footwear, according to the Institut Français de la Mode (IFM), a higher-education institution. IFM noted fashion retailers continued to face a difficult business environment, with chains closing 782 stores and ...
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News briefsLiving Kitzbühel hires a head of product
The Austrian slipper brand Living Kitzbühel has expanded its management team with the addition of Christina Wittmann as the new Head of Product, according to media reports. Wittmann previously worked for 16 years at Leder & Schuh AG, where she most recently served as Head of Buying, after introducing ...
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News briefsHooijer Footwear Group strengthens its sales team
The Dutch distribution and wholesale company Hooijer Footwear Group has strengthened its sales team in Bavaria and Austria. Thomas Lugmeier has been responsible for the Heydude and Crocs brands since the beginning of the year, Hooijer said on its LinkedIn page. He succeeds Gerd Neubauer, who is now in ...
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News briefsMicam to see the presence of 76 Brazilian brands
Abicalçados said that 76 Brazilian brands benefitting from a trade support scheme will be attending the Micam trade show, scheduled to run from Feb. 18 to 21 at the Fieramilano Rho exhibition center on the outskirts of Milan. The delegation is similar in size to the one present at Micam’s ...
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News briefsMaersk warns that Red Sea crisis could last well into H2
Maersk is advising customers to prepare for a Red Sea crisis that could last well into the second half of this year. “Unfortunately, we don’t see any change in the Red Sea happening anytime soon,” Charles van der Steene, the regional president for Maersk North America, told the television network ...
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News briefs
German economic sentiment improves
In February, the index for economic sentiment in Germany rose to 19.9 from 15.2 in January, lifted by expectations that the European Central Bank (ECB) and the US Federal Reserve would start cutting interest rates to stimulate the economy, according to the latest survey released by think tank ZEW. Economists ...
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News briefsDeckers names Robin Green head of Hoka
Deckers Brands has named Robin Green as president of the brand Hoka, with immediate effect. Green will serve on the executive leadership team, reporting directly to Dave Powers, the CEO and president of Deckers Brands. ”Green has an extensive track record of leading and operating complex global businesses while delivering ...
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News briefsFamous Footwear hires a general merchandise manager
Andrew Leckie has joined Famous Footwear as senior vice president and general merchandise manager. He will oversee buying and merchandising for the adult athletic, kids and Canadian businesses, announced Caleres, owner of the American footwear retailer. Leckie began his career in athletics and footwear nearly 30 years ago and has ...
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News briefs
Skechers celebrates dismissal of shareholder lawsuit by Delaware Court
Skechers USA. Inc. has announced that the Delaware Chancery Court has dismissed with prejudice the shareholder derivative lawsuit filed on July 21, 2022, against all current and former members of the Skechers board of directors named as defendants. The court’s decision to dismiss the action with prejudice was met with ...
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News briefsHermès posts strong earnings
Hermès’ revenues amounted to €13,427 million in 2023, up by 21 percent at constant exchange rates and by 16 percent at current exchange rates from 2022. Net profit grew by 28 percent to €4,311 million. Sales of the leather-goods and saddlery division of the French fashion house totalled €5,547 ...
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News briefsSchuh Austria to be held Feb. 13–15 in Salzburg
The Schuh Austria trade fair, which is scheduled to run from Feb. 13 to 15 at the Brandboxx exhibition center in Bergheim, on the outskirts of Salzburg, will host nearly 400 Austrian and international brands, including companies from the Netherlands, England and Italy. Held twice a year, in February ...
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News briefsZegna to build a footwear and accessories factory near Parma
Ermenegildo Zegna plans to build a new luxury footwear and leather-goods production facility near Parma, which will boost the group’s production capacity and promote Italian craftsmanship. The Italian fashion house said the new “cutting-edge center for excellence,” which will be constructed on a ten-hectare plot of land ten kilometers from ...
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News briefsChiara Ferragni rarely attended Tod’s’ board meetings
The Italian influencer Chiara Ferragni has rarely attended Tod’s’ board meetings since her appointment as director on April 21, 2021. According to the daily Il Sole 24 Ore, Ferragni took part in only three meetings out of 17, missing 82.4 percent of the total – a record for a ...
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News briefs
New Balance launches a resale program
New Balance has initiated a new resale program, allowing customers to browse and purchase pre-owned goods from the brand online. Dubbed “Reconsidered,” the program aims to enable customers to trade in their gently worn shoes via mail or in-store drop-offs in exchange for a voucher to use toward their next ...
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News briefsChristian Louboutin enters eyewear with Marcolin
The Italian eyewear company Marcolin and Christian Louboutin have signed an exclusive global licensing agreement for the design, manufacture and distribution of sunglasses and optical frames under the name of the French brand of luxury footwear. The deal, which runs until 2029, marks Christian Louboutin’s debut in eyewear. ”Christian Louboutin ...
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News briefs
Ugg creates new styles with old fabrics
California-based lifestyle brand Ugg has unveiled their latest innovation, dubbed ReImagined by Ugg. The offering includes new shoes crafted from leftover leather and suede. The collection introduces a fresh twist on the company’s classic models while also addressing the surplus materials accumulated from previous seasons. With this new iteration of ...
