Latest News Briefs – Page 96
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News briefs
Designer Brands hires Doug Howe as head of DSW
Designer Brands has appointed Doug Howe as president of DSW Designer Shoe Warehouse and executive vice president of Designer Brands, effective late May. ”Howe’s appointment brings continued strength and momentum to Designer Brands putting customers, brands and speed at the forefront of the retailer’s 519 U.S. store locations and ...
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News briefs
Allbirds opens two stores in the U.S.
Allbirds, the B Corporation certified Californian brand of footwear and apparel, opened two stores in the U.S., bringing its global network to 43 units. The brand opened a new 3,975 square foot space retail store and community center in Fulton Market. It is its third store in the Chicago area. ...
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News briefs
Pimkie is up for sale
The Mulliez family, which also owns Decathlon and Auchan, has put up the French clothing retailer Pimkie for sale only a few months after hiring a turnaround specialist, Philippe Favre, as CEO to relaunch the banner. Pimkie said in a statement that the Mulliez family is seeking an external investor ...
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News briefs
Richemont’s sale of YNAP is taking time
Richemont said that talks involving third parties to restructure its online retailing unit Yoox Net-a-Porter (YNAP) are proceding ”well” but require time. In November 2021, Richemont announced that it was in advanced talks to enhance its partnership with Farfetch. At the time, the Swiss group unveiled that the deal under ...
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News briefs
THG rejects a takeover offer
THG, also known as the The Hut Group, turned down a 170 pence (201 eurocents) per share takeover offer made by the private equity firms Belerion Capital Group Limited and King Street Capital Management. The British online retailer said that it had received a “third unsolicited, highly preliminary and indicative ...
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News briefsWendy Yang steps down from Deckers Brands’ performance lifestyle division
Deckers Brands has announced that Wendy Yang will step down from her role as president of performance lifestyle at the end of the month after seven years of leading the Hoka and Teva brands. Stefano Caroti, president of omnichannel and a 30-year industry veteran, will assume Yang’s duties on an ...
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News briefsLowa’s 2021 revenues over €229m
The German mountain, outdoor and everyday footwear manufacturer Lowa has ended 2021 with record figures for both the number of pairs of shoes sold and revenues, thanks to the ongoing boom for outdoor equipment. Sales climbed from 2.49 million pairs in 2020 to 3.17 million pairs in 2021. Meanwhile, revenues ...
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News briefs
Russell and Bromley to open a store in Dublin
The British footwear brand Russell and Bromley plans to open a store in Dublin, its first outside its domestic market, this autumn. The 1,300 square-feet store will be located in Grafton Street and will comprise the brand’s men and womenswear collections. The chief executive, Andrew Bromley, described the opening as ...
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News briefs
Zegna targets annual revenues above €2 bn
The Italian fashion house Ermenegildo Zegna is aiming for annual revenues of over €2 billion and an adjusted Ebit margin of at least 15 percent in the medium-term. In 2021, the company posted revenues of €1.292 billion and an adjusted Ebit margin of 11.5 percent. In the first quarter of ...
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News briefs
German painter Norbert Bisky designs new comfort shoe for Finn Comfort
The German shoe manufacturer Finn Comfort has partnered up with the Berlin-based artist Norbert Bisky to design a new comfort shoe. The figurative painter designed a limited leather comfort sneaker based on his 2013 series of works entitled “Masse”. Inspired by the Berlin club scene, they were exhibited as ...
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News briefs
Eli Group 2021 revenues reach €70.5m
Eli Group, the company that manages the footwear of the Italian apparel brand Liu Jo, posted sales of €70.5 million in 2021, up from €45 million in 2020. Sixty percent of the top line was achieved outside Italy. The company beat the €50 million target set in its business plan. ...
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News briefs
Golden Goose’s annual sales reach €386m
The Italian footwear and apparel company Golden Goose, known for its premium sneakers, posted sales of €385.6 million in 2021, up by 45 percent from a year earlier and by 328 percent from 2019. Revenues in the Americas rose by 75 percent compared with 2020 and by 111 percent from ...
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News briefsPollini’s Q1 sales rise 43.5%
Aeffe, the Italian fashion house that owns the footwear brand Pollini, booked revenues of €101.6 million in the first quarter of 2022, up by 26.8 percent on the year earlier on a reported basis and up by 26.5 percent at constant currency rates. Pollini’s sales grew by 43.5 percent and ...
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News briefsJD Sports lifts annual guidance despite footwear shortages
Britain’s JD Sports Fashion raised its annual profit outlook, despite a global shortage of key footwear styles and indicated upbeat sales so far this year. The company said it now expected profit before tax and exceptional items for the year to January 29 to be about £940 million (€1.1bn) and ...
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News briefs
Görtz wins German store of the year award
The German footwear chain Görtz was among the winners of the Stores of The Year awards, handed out by the German retail association, Handelsverband Deutschland, during the Retail Property Conference in Berlin. The award honors outstanding and innovative retailers who redesigned or renovated their stores in the last year. ...
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News briefs
ANWR Garant expands management board
ANWR Garant International has expanded its management board to promote and oversee the ever-increasing internationalization of wholesale trade within its partner network. On May 1, the company appointed its long-standing commercial director Thomas Bast to the board. Bast, who has worked for companies in the ANWR Group in various ...
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News briefs
Sanuk releases gender-neutral footwear collection in partnership with Pacific Pride Foundation
U.S. footwear company Sanuk, a division of Deckers Brands, announced the next version of its partnership with the Pacific Pride Foundation, the largest LGBTQ+ center between Los Angeles and San Francisco that works to create a thriving and visible LGBTQ+ community. Created in collaboration with artist and designer Maggie Johnson, ...
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News briefs
Yandex.Market launches new online platform
Yandex has introduced a new platform called RUM within its online marketplace Yandex.Market where Russian fashion brands are invited to create storefronts in order to improve brand recognition. The new platform is designed to help Russian clothing and footwear brands to attract more customers and increase sales “by creating its ...
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News briefs
Russia authorizes parallel imports
The Russian Industry and Trade Ministry on May 6 published a list of goods allowed for import without permission from the brand’s owner, which involved a broad range of fashion and sporting goods companies, including Zara, H&M, Decathlon and Uniqlo. The system, commonly known as parallel imports, has been designed ...
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News briefs
Future buys WhoWhatWear
The British publisher Future has bought WhoWhatWear, a digital-only women’s lifestyle publisher based in the U.S., from Clique Brands. WhoWhatWear has a strong social presence and diverse revenue streams ranging from digital advertising to e-commerce. It has 12 million online users and 10 million social followers, with about 90 percent ...
