Latest News Briefs – Page 9
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News briefs
Birkenstock opens its seventh store in the US
Birkenstock opened its seventh company-owned retail store in the US. Located on Newbury Street, Boston, the store offers an extensive range of products for women, men and kids including sandals, clogs, sneakers, shoes, boots and socks. Additionally, the location features Birkenstock’s new Care Essentials collection, marking an expansion into foot ...
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News briefs
Milan tops the global ranking of most expensive shopping destinations
Milan’s via Montenapoleone topped the ranking of the world’s most expensive retail destinations in 2024, according to Cushman & Wakefield’s 34th edition of the Main Streets Across the World report. It is the first time a European city tops the ranking, which comprises 138 retail locations worldwide. Montenapoleone is followed ...
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News briefs
Cinq à Sept launches its first footwear collection
The New York-based ready-to-wear brand Cinq à Sept launched its first-ever footwear collection on Nov. 21. The collection is designed in New York and made in Brazil. It is available online at cinqasept.nyc, in-store at the Cinq à Sept New York City boutique and with premiere retailers worldwide. Cinq à ...
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News briefs
Humanic to open a flagship store in Vienna
The Austrian footwear chain Humanic continues to expand its retail network with a new flagship store in Vienna, at Kärntner Straße 5, right next to Stephansplatz, one of the most sought-after retail locations in the city. The store is scheduled to open in the spring of 2025 and will ...
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News briefs
Leguano opens new stores
The German barefoot footwear specialist Leguano is revamping its retail network with the opening of new stores in Paderborn, in the North Rhine-Westphalia region of Germany, and in Kleve, in the Lower Rhine region. The outlet in Paderborn, which replaces the former barefoot store at Husener Straße 121, will ...
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News briefs
Baak hires a Head of Sales & Marketing
Baak, the German manufacturer of safety shoes, has appointed Johannes Ernst to the newly created position of Head of Sales & Marketing to consolidate and strengthen its sales and marketing activities. In this role, Ernst will report directly to the management team, led jointly by Christian and Ingo Grusa ...
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News briefs
US tariffs seen having limited impact on Spanish economy
The possible introduction of trade tariffs by the US is expected to have a limited impact on the Spanish economy, according to Gonzalo Gortazar, the CEO of the Spanish bank CaixaBank. He noted that only 5 percent of Spanish exports go to the US. Meanwhile, exports contribute about 40 percent ...
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News briefs
Kizik hires a head of design
Kizik, a US brand specializing in slip-on shoes, has hired Andreas Harlow as Senior Vice President of Design. Harlow has spent two decades with Nike, where he most recently served as Vice President Global Footwear Creative Director for Jordan Brand, “creatively fueling the brand’s phenomenal growth for the last 3 ...
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News briefs
Pollini’s sales decline slows down sharply in Q3
Pollini, the luxury footwear brand wholly-owned by the Italian fashion house Aeffe, posted sales of €23.6 million in the first nine months of 2024, down by 9.5 percent from a year earlier. The brand represented 11.4 percent of the group’s revenues, up from 10.3 percent a year earlier as it ...
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News briefs
Golden Goose and On Holding’s management reportedly met
The managements of Golden Goose and On Holding have met, which triggered speculation that the Swiss group could buy the Italian brand of premium sneakers, reported the Italian daily Il Sole 24 Ore. The daily added that sources close to Golden Goose do not deny the meeting but rejected rumors ...
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News briefs
Zappos reopens its outlet in Louisville
After two years, Zappos.com has reopened its original and only outlet store, The Outlet Powered by Zappos, in Louisville, Kentucky. The US online footwear retailer first opened the outlet in 2019 and then closed it at the end of 2022 as part of its effort to refocus its business. “Zappos ...
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News briefs
Wolverine opens an innovation hub in Boston
Wolverine Worldwide, Inc. (WWW) has opened a new global Innovation Hub on 90 Causeway Street in Boston, Massachusetts. The 11,000-square-foot facility will accommodate employees from the group’s design and product teams, including Saucony product team members specializing in design, development, product management and merchandising. The opening on Nov. 14 comes ...
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News briefs
Taos promotes its top management
Taos, the US brand of comfort shoes which will celebrate 20 years of business in 2025, promoted its top management. Glen Barad, the founder and President, becomes CEO. Bill Langrell, the Chief Operating Officer, becomes President and COO. Sylvia Jensen, the National Sales Manager, is promoted to Vice President of ...
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News briefs
Alibaba's quarterly sales up 5%
In the fiscal second quarter ended Sept. 30, Alibaba posted revenues of 236.503 billion yuan renminbi (€33.0 billion) and income from operations of RMB 35.246 billion (€4.8 billion), both up by 5 percent year-over-year. The Chinese online retailer Alibaba said that diluted earnings per share grew by 69 percent to ...
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News briefs
Brand, price and sustainability are key drivers for German consumers
More than 60 percent of Germans own up to ten pairs of shoes, and nearly a fifth buy new shoes at least four times a year, placing a special importance on brand, price and sustainability, a survey from the trade magazine Schuhkurier and the Cologne-based market research and consulting institute ...
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News briefs
Hardrige to supply shoes to the French prime minister’s office
Hardrige has won a €760,000 contract to supply shoes to the staff of the French Prime Minister’s office for four years. The company is expected to provide between 250 and 300 pairs each year. Founded in 1985, the family-owned company is located in Sillans, in the French department of Isère. ...
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News briefs
LVMH names a new CFO
LVMH announced that Cécile Cabanis, a member of its executive committee, will be appointed Chief Financial Officer of the French luxury goods group, succeeding Jean-Jacques Guiony as of Feb. 1. Meanwhile, Guiony, who is a member of the executive committee, will be named President and Chief Executive Officer of the ...
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News briefs
Klarna plans an IPO in the US
Klarna has filed a draft registration with the Securities and Exchange Commission (SEC) for an initial public offering in the US. The terms of the transaction have yet to be defined. In a statement, the Swedish payment firm said that it has “confidentially submitted a draft Registration Statement on Form ...
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Germany GDP may be hit by US tariffs
Tariffs pledged by US President-Elect Donald Trump could cost Germany about 1 percent of its gross domestic product (GDP), said Joachim Nagel, president of the Bundesbank, Germany’s central bank, and member of the European Central Bank’s governing council. “If the tariff plans are implemented, it could cost us 1 percent ...
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News briefs
Global personal luxury goods market set to drop by 2% in 2024
In 2024, the global market for personal luxury goods is expected to fall by 2 percent to €363 billion, according to a survey released by the consultancy Bain & Company in collaboration with Fondazione Altagamma, the Italian luxury goods manufacturers’ industry foundation. In 2025, the global market for personal ...
