Latest News Briefs – Page 97
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News briefs
Fendi’s new footwear plant scheduled to open this autumn
Fendi, the Rome-based luxury goods brand owned by the French group LVMH, expects to open this autumn its new footwear manufacturing plant in Fermo, in Italy’s Marche region. The 75,600 square-foot facility will host production currently carried out in a nearby site in Porto San Giorgio. In September 2021, Fendi ...
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News briefs
Stratasys launches 3D printer for high-end fashion and design
Stratasys, a provider of polymer 3D printing solutions, released the Stratasys J850 TechStyle 3D printer for high-end, premium textiles and clothing, bags and accessories and footwear. It claims that the printer is the first designed specifically for printing direct-to-textile, including denim, cotton, polyester, linen and leather at volumes ranging from ...
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News briefs
UGG partners with Savory Institute’s Land to Market program
UGG, the Californian brand part of Deckers Brands, is partnering with the Savory Institute’s Land to Market program to support the transformation to regenerative agriculture in the Australian sheepskin industry. Regenerative agriculture is a conservation and rehabilitation approach to food and farming systems that aims to improve the entire ecosystem ...
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News briefs
Designer Brands buys Shoes.com
Designer Brands has bought the Shoes.com domain and associated intellectual property assets for an undisclosed sum, Footwear News reported citing the parent company of the U.S. footwear retailer DSW. A spokesman told Footwear News that Designer Brands did not buy any of Shoes.com’s underlying business assets. The last known owner ...
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News briefs
Next Q1 sales in line with guidance
In the thirteen weeks to April 30, which corresponds to its fiscal first quarter, Next’s full price sales rose by 21.3 percent year-over-year, in line with the guidance of the British apparel retailer. The company maintained its full-year guidance of full price sales up by 5.0 percent, profits before tax ...
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News briefs
ThredUp debuts Recommerce 100 report
U.S.-based company ThredUP, a large online resale service provider and platform for women’s and kids’ apparel, shoes and accessories, has started a monthly index that tracks which brands and retailers have launched resale programs and monitors their potential impact on the planet. The monthly Recommerce 100 report, conducted by the ...
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News briefs
Crocs releases 2021 ESG report
Crocs has released its 2021 environmental, social and governance (ESG) report, highlighting its efforts and plans to improve sustainability topics. As announced last year, the U.S footwear company plans to have become net zero and cut half of the emissions occurring during shoe production by 2030. Furthermore, Crocs wants to ...
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News briefs
Gucci to accept cryptocurrency payments
Gucci will begin to accept payments in cryptocurrencies in a selection of its U.S. stores at the end of May. The Italian fashion house owned by the French luxury goods conglomerate Kering will initially allow payments for purchases in cryptocurrencies in the following stores: Gucci Wooster in New York, Rodeo ...
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News briefs
German firms have difficulties in replacing Russian, Ukrainian imports
German companies are finding it difficult to replace imports from Russia, Ukraine or Belarus, according to a survey by the research institute ifo. Only 13.8 percent of industrial companies with problems sourcing from these countries would be able to completely replace their sources of supply in the short term. For ...
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News briefs
G-III buys the Karl Lagerfeld brand
The U.S. fashion group G-III Apparel Group has entered into an agreement to purchase an 81 percent stake in fashion brand Karl Lagerfeld for €200 million from a group of private and public investors, led by Fred Gehring of Amlon Capital BV. The acquisition includes Karl Lagerfeld’s 10 percent stake ...
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News briefs
EU further criticizes Apple over use of Apple Pay
The European Commission has informed Apple of its preliminary view that the U.S. technology group has abused its dominant position in markets for mobile wallets on iOS devices. By limiting access to a standard technology used for contactless payments with mobile devices in stores, Apple has restricted competition in the ...
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News briefs
Gordon & Bros in license deal with Baldessarini
The men’s fashion brand Baldessarini has inked a long-term license deal with German shoe manufacturer Gordon & Bros for the development, production and sale of a men’s footwear collection. The first step in the partnership is a collection targeted at the premium market segment, focusing on formal business shoes ...
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News briefs
Take Off opens six stores in Italy
The Italian apparel and footwear retailer Take Off is opening six stores in Italy with sizes varying from 60 to 260 square metres. The stores will be located in Lombardy, Calabria and Puglia and will represent a combined floor space of more than 800 square meters. Two stores will be ...
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News briefsChaco incorporates sandal webbings made from Repreve fibers
Chaco, a U.S. outdoor lifestyle footwear brand owned by Wolverine Worldwide, is underlining its commitment to sustainability by using sandal fabric tapes made from 100 percent recycled Repreve materials. Chaco is partnering with Unifi, whose Repreve fibers are the result of reusing 31 billion plastic bottles to date, which are ...
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News briefsNike to launch glue-less shoes in June
The Nike ISPA team (Improvise; Scavenge; Protect; Adapt), which experiments with new, unorthodox products and manufacturing methods, will introduce a new shoe model this spring that showcases the brand’s innovative capabilities and offer a glimpse into the future of circular design: The Nike ISPA Link. And in 2023, the next ...
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News briefs
Amazon's operating income tumbles
Amazon’s first-quarter revenue rose by 7.3 percent year-over-year to $116.44 billion. Operating income, however, decreased to $3.7 billion and net loss was $3.8 billion. On a diluted basis, this resulted in a loss per share of $7.56.According to Amazon, this was mainly due to a $7.6 billion loss from the ...
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News briefsStella’s Q1 revenues up 26%
In the first quarter of 2022, Stella International increased revenues by 26.3 percent to $383.3 million from $303.4 million a year earlier, driven by higher orders from its manufacturing business, which led to full utilization of its production capacity. Manufacturing revenues grew to $374.6 million from $299.8 million and shipment ...
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News briefs
German consumer confidence at record low
German consumer confidence in May is expected to fall to -26.5 points from -15.7 in April, revised down from a preliminary -15.5 points, according to the market research group GfK. Both economic and income expectations along with the propensity to buy have noticeably declined. “As a result, consumer sentiment plunged ...
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News briefs
Wildling launches limited edition summer shoe
The German shoe maker Wildling Shoes, which manufactures minimalist footwear using sustainably sourced materials according to ethical manufacturing practices, is launching a limited edition shoe for the summer season. The company designed the new model, called Aigul (Kyrgyz for moon flower) with the artist collective Folkdays. The organic cotton ...
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News briefsTimberland expands Timberloop recycling program to Europe
Timberland has extended the Timberloop take-back program to the U.K., Germany, France and Italy, with more European markets to follow. The recycling program allows consumers to return their worn Timberland footwear, apparel or accessories to a Timberland store or through a prepaid shipping option. Returned products are either repaired/refurbished for ...
