Latest News Briefs – Page 10
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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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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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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. ...
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German footwear retailer Hans Leinweber dies at 84
Hans Leinweber, a veteran of German footwear retailing, has died at the age of 84 after a long illness. As the third-generation managing partner of the Berlin-based AS Group, Leinweber played a central role in shaping and expanding the company over several decades. Born in 1940 into a ...
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Caleres names Brian Costello President of Famous Footwear
Caleres announced that Brian Costello has been named division President of Famous Footwear effective immediately. He will continue to report to Jay Schmidt, President and CEO of Caleres. Costello joined Famous Footwear in February this year as Chief Merchandising Officer, assuming responsibility for all buying and merchandising, including women’s, ...
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News briefs
Boot Barn renews payment partnership with Affirm
Boot Barn Holdings, the parent company of Boot Barn, Sheplers and Country Outfitter, has extended its exclusive, multi-year partnership with Affirm, a payment network. The agreement allows consumers to continue using Affirm to pay both online across all three brands and in-store at over 450 Boot Barn locations nationwide. “Providing ...
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News briefs
US plans to double import tariffs on Indian goods
The US plans to double import tariffs on Indian goods to 50 percent as a punishment for buying Russian oil and thus help finance Russia’s invasion of Ukraine. In an executive order signed on Aug. 6 by US President, Donald Trump, the US plans to impose within 21 days of ...
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News briefs
Francesco Parisotto of Scarpa has passed away
Francesco Parisotto, a key figure in the history of Italian outdoor footwear company Scarpa and a pioneer of Italy’s Sportsystem, the technical footwear and sporting goods district of Asolo and Montebelluna, in Italy’s northeast, has died at the age of 98. Born in 1927 in Coste di Maser, near Treviso, ...
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News briefs
HDS/L celebrates 75th anniversary and elects a new board
The German footwear and leather goods trade association HDS/L hits the three-quarter century mark and prepares for the future with an overhaul of its board of directors. HDS/L, which currently has 131 members, celebrated its 75th anniversary at BASF’s Gesellschaftshaus in Ludwigshafen. The association has been at the ...
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News briefs
Ricosta launches the barefoot brand Qnuffs
The German children’s footwear manufacturer Ricosta is expanding its brand portfolio with the launch of a new barefoot shoe brand for children, Qnuffs. The new brand is Ricosta’s response to the growing demand for child-friendly barefoot shoes, according to the company. Qnuffs footwear combines features typical of barefoot ...
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News briefs
Schuhplus to cease operations at year end
The German plus-size shoe retailer Schuhplus will cease operations at the end of the year, after 14 years in business. The company has announced the closure of its locations in Dörverden and Saterland, both in Germany’s Lower Saxony region. Eleven employees will be affected. The owners, Kay Zimmer ...
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News briefs
Aeffe’s footwear and leather goods business at breakeven in H1
In the first half of 2025, the revenues of Aeffe’s footwear and leather goods division amounted to €45.9million, down by 18.7 percent, both at constant and current exchange rates compared with the previous year. The division comprises the luxury footwear brand Pollini. The Ebitda of the footwear and leather goods ...
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News briefs
Caleres completes the acquisition of Stuart Weitzman
On Aug. 4, Caleres completed the acquisition of Stuart Weitzman from Tapestry for $120.2 million, which included $11.5 million in cash received at the closing. Excluding cash received at the closing, the net purchase price was $108.7 million. The price is subject to final adjustments for net working capital. The ...
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News briefs
Armani fined for unfair commercial practices
Italy’s antitrust authority has fined Giorgio Armani and G.A. Operations 3.5 million euros for unfair commercial practices, charging that the two Italian companies had made misleading statements on their ethical and social responsibility commitments that were contradicted by the actual working conditions at the suppliers and subcontractors that produced most ...
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News briefs
Asos names a new Chair
Asos has appointed board member and former CFO of Amazon Fashion, Natasja Laheij, as its Chair after Jørgen Lindemann said he would be stepping down from the post after three years. Lindemann, who also serves as the CEO of the entertainment provider Viaplay Group, is to leave the company following ...
