Latest News Briefs – Page 9
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News briefs
German consumer confidence worsens
German consumer confidence is expected to worsen for the third month in a row in September, dropping to -23.6, down 1.9 points from August, according to the GfK Consumer Climate powered by NIM, published jointly by NIQ/GfK and the Nuremberg Institute for Market Decisions (NIM). “The consumer climate is now ...
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News briefs
BasicNet’s revenues decline slightly in H1
BasicNet, which owns Kappa, Superga, Sebago and other brands, reported consolidated revenues of €172.6 million for the first half of 2025, down by 0.7 percent year-over-year. Ebitda dropped by 14.2 percent to €15.1 million. Aggregate brand sales for the Italian group grew by 4.3 percent to €567.1 million, with revenues ...
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News briefs
JD’s sales slip in Q2
JD Sports Fashion said that in the second quarter, or the 13 weeks to Aug. 2, sales fell by a like-for-like 3.0 percent to £3.106 billion (€3.601bn), but were up by 2.2 percent organically. In the first half, sales totaled £5.940 billion (€6.887bn), down a like-for-like 2.5 percent and up ...
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News briefs
Micam to hold a special exhibition to celebrate its 100th edition
On the occasion of its 100th edition, scheduled to take place Sept. 7 to 9 at the Fieramilano Rho exhibition center outside Milan, Micam will hold the exhibition “100 Steps into the Future.” The event will allow visitors to immerse themselves in the history of Micam and the evolution of ...
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News briefs
Hoka opens its first store in Germany
Hoka, a division of Deckers Brands, has opened its first own retail store in Germany. The new flagship location is situated on Berlin’s Kurfürstendamm, one of the capital’s most prominent boulevards, known for its mix of historic charm, luxury retail and cultural landmarks. The store is designed to reflect ...
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News briefs
Kenneth Cole launches a men’s footwear collection
Through a licensing agreement with Marc Fisher Footwear, the American fashion house Kenneth Cole has re-entered the men’s footwear segment with the launch of a fall 2025 collection. The 39-piece collection includes 17 items in the Kenneth Cole New York line and 22 in the Kenneth Cole Reaction line. The ...
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News briefs
US footwear sales down by 1% in first half
US footwear sales fell by 1 percent in value in the first half of 2025 compared with the same period in 2024, as unit sales dropped by 2 percent. The average selling price, however, was up by 2 percent year-over-year, according to a report released by the market intelligence firm ...
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News briefs
Manolo Blahnik’s 2024 sales down 19%
Manolo Blahnik reported that it posted a 19 percent drop in sales to €86.4 million in 2024, after suffering a 10 percent decline in 2023. Last year’s decrease was due to the company’s focus on direct-to-consumer (DTC) channels and macroeconomic headwinds. DTC sales grew by 13 percent to represent 32 ...
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News briefs
Debenhams obtains new £175m credit facility
Debenhams Group, the British online fashion retailer formerly known as Boohoo, said that it has completed a new three-year facility providing access to funding of up to £175 million (€202m). The new facility, which extends maturity to August 2028, replaces a previous £125 million revolving credit facility originally due to ...
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News briefs
Rudholm Group expands RFID capabilities in Los Angeles
The Rudholm Group, a global provider of labelling and packaging solutions, announced a “significant investment” in its Los Angeles facility to expand RFID (radio frequency identification) production. “This expansion reinforces the company’s commitment to providing locally produced, cutting-edge RFID solutions for the US market while driving innovation in the apparel ...
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News briefs
OrthoLite Vietnam wins a second consecutive Best Companies to Work for in Asia award
OrthoLite Vietnam (OVN), the Vietnamese arm of OrthoLite, a US manufacturer of open-cell foam insoles, has earned HR Asia’s top workplace award for the second consecutive year. Organized and presented by HR Asia, the Best Companies to Work for in Asia Awards evaluates and honors organizations with best practices in ...
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News briefs
Caleres partners with the buy now, pay later provider Afterpay
Afterpay, a provider of “buy now, pay later” payments, has entered into an extensive partnership with Caleres. Through the partnership, shoppers in the US can use Afterpay’s Pay in 4 and Pay Monthly options to purchase Caleres’ brands including Famous Footwear, Sam Edelman, Allen Edmonds, Naturalizer, Vionic, Bzees, Circus NY, ...
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News briefs
Softstar Shoes acquires SOM Footwear
Softstar Shoes, an Oregon-based footwear company celebrating its 40th anniversary, has acquired Sense of Motion (SOM) Footwear, a producer of outdoor minimalist footwear located in Montrose, Colorado. No financial details were released. Softstar Shoes is a certified B Corp that has been designing and handcrafting minimal leather footwear in the ...
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News briefs
Worldly to integrate Material Exchange’s AI sourcing assistant
Material Exchange’s AI sourcing assistant, Frank the bear, will integrate with Worldly, a US sustainability data and analytics platform for the consumer goods industry. Worldly comprises a network of over 40,000 global customers across apparel, footwear, home furnishings, outdoor sporting goods and industries. “Worldly provides deep visibility into environmental and ...
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News briefs
Caleres appoints a new Chief Human Resources Officer
On Aug. 15, Caleres announced that Kathleen Welter has joined the company as Chief Human Resources Officer. She will oversee all human resources functions for the company’s portfolio of brands and its more than 9,000 associates worldwide, including recruitment, talent management, training, culture, compensation, benefits and labor law compliance. Welter ...
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News briefs
Vulcabras’ domestic sales surge
Domestic sales at the Brazilian footwear group Vulcabras grew by 19 percent to 861.2 million (€136.5m) in the second quarter of 2025, while revenues outside the country dipped by 10.4 percent to R$33.6 million (€5.3m). The group reported a 153 percent year-over-year increase in quarterly net income to R$353.3 million ...
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News briefs
Shoe Zone halves its earnings guidance again
Shoe Zone halved its full-year guidance for adjusted profit before tax to approximately £2.5 million pounds (€2.9m) from previous expectations of £5.0 million due to poor trading conditions. It also withdrew its current dividend policy. The financial year of the British footwear retailer ends on Sept. 27. In December 2024, ...
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News briefs
Gildan buys HanesBrands
The Canadian fashion group Gildan Activewear has entered into a definitive merger agreement to acquire HanesBrands, a US apparel brand. The transaction implies an equity value of approximately US$ 2.2 billion and an enterprise value of approximately $4.4 billion. Under the terms of the merger agreement, HanesBrands shareholders will receive ...
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News briefs
Brazil to set up R$ 30bn credit line to help firms hit by US tariffs
The Brazilian President, Luiz Inacio Lula da Silva, said that he will authorise a 30 billion Brazilian reais ($5.5 billion dollars) credit line to help local companies hit by US import tariffs. The financial support will go mainly to small companies, the larger ones being more resilient, Lula added. The ...
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News briefs
Tamaris opens its first own store in Spain
Tamaris, a brand of the German footwear manufacturer and distributor Wortmann Group, is stepping into the Spanish market with the opening of its first monobrand store in the Iberian country. Following its expansion into France and Switzerland, with this new opening, Tamaris continues its expansion in Southern Europe. ...
