Latest News Briefs – Page 103
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News briefs
Cole Haan releases its first sustainable shoe
Cole Haan has released its first sustainable shoe. The Generation Zerøgrand has an outsole made of a material called FlowerFoam, at least 25 percent of which consists of natural dandelion rubber and for which the American brand has filed a patent. The vegan microfiber suede of the upper is 21 ...
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News briefs
Steve Madden in jewelry licensing deal with Centric
Centric Brands entered an exclusive licensing agreement with Steve Madden in the jewelry and hair accessories categories. Centric has been producing jewelry under Madden’s Betsey Johnson brand for the past four years. Edward Rosenfeld, chairman and chief executive officer of Steve Madden, said that “Centric has done an excellent job ...
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News briefs
Sympatex strengthens footwear business with new hire
Christoph Alexander Schnell will join Sympatex in February as business development manager for the footwear segment. Situated in Munich, the company provides high-tech functional materials used in apparel, footwear, accessories, contract & work wear and technical applications since 1986. A trained shoe technician, Schnell has designed formative projects at ...
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News briefs
JD fined while divesting Footasylum
JD Sports Fashion is questioning a fine of almost £5 million (€5.9m) imposed by the British anti-trust authority for “sharing of commercially sensitive information” with Barry Bown, CEO of the Footasylum chain it acquired in May 2019. On the other hand, the company confirmed that it will “continue to work ...
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News briefsTimberland’s icon boot heads into the metaverse
Timberland, a VF Corp. brand, has entered the metaverse with a digital gaming experience called “TimbsTrails.” “TimbsTrails provides a unique and fun platform to celebrate the footwear innovations and cultural moments that have shaped our past, and to explore our collective journey into the future,” said Chris McGrath, VP of ...
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News briefs
U.K. online retailer Studio Retail files for administration
The British online retailer Studio Retail Group filed for administration for itself and Studio Retail Limited, its wholly owned subsidiary, after failing to obtain a £25 million (€30m) short-term loan. The company also suspended its shares on the London Stock Exchange while it begins the U.K.’s form of bankruptcy proceedings. ...
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News briefs
Hengst files for bankruptcy
Hengst Footwear, which is based in the Dutch town of Steenwijk, has filed for bankruptcy, according to the local media. “This step was a difficult decision for our family,” Karen Hengst, who owns the company with her husband Hans, was quoted as saying. She cited the impact of the ...
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News briefs
Piquadro Q3 sales up over 36%
In the third quarter ended Dec. 31, the Italian leather goods firm Piquadro posted sales of €45.7 million, up by 36.4 percent from a year earlier. In the first nine months of the fiscal year, it posted revenues of €109.4 million, up by 33.3 percent. The company had a net ...
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News briefs
Shoe Zone distributes treasury shares to managers
Shoe Zone distributed 12,878 ordinary shares out of treasury to its finance director, Terry Boot, the general counsel, Catherine Bowen, and the operations director, Steve Orr, in connection with their remuneration packages. Boot, who is also a director of the British footwear retailer, received 7,626 shares. As a result of ...
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News briefs
Pittards sees 25% increase in January sales order book
Pittards, the British producer of leather and luxury leather goods, said its sales order book in January increased by 25 percent compared to the year earlier, with sales momentum continuing after revenues in 2021 jumped by 30 percent to £19.8 million (€23.5m). In a trading update on 2021 financial results, ...
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News briefs
Kazakh fashion manufacturers lose market share
During the first three quarters of 2021, clothing and footwear manufactured in Kazakhstan accounted for only 10 percent of sales on the domestic market, 4.6 percentage points less than during the same period of the previous year, the Kazakh Committee for Industrial Development estimated. The overall market size totaled $2 ...
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News briefs
Surf4shoes expands its management team in online push
The German shoe retailer Surf4shoes has expanded its top management team to push further the development and implementation of its online strategy. Janis Salmen, 37, who has been with the company as chief operating officer since March 2021, joined the management board on Dec. 15, 2021. Salmen, an expert ...
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News briefs
Rexor posts positive results in 2021
Rexor, the German buying group controlled by ANWR, posted positive results in 2021. Despite months-long lockdowns and delivery bottlenecks rippling through the supply chain, the Düsseldorf-based company reported a sales increase of 0.4 percent to €177.1 million. In Belgium, where lockdowns had a smaller impact on retail, the company outperformed ...
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News briefs
Puma to release collection with Minecraft
Puma is releasing a streetwear collection co-branded with Minecraft, the video game produced by Mojang Studios, a division of Xbox Game Studios, itself owned by Microsoft.The Puma x Minecraft range will include T-shirts, hoodies, trousers and Puma’s Suede shoe, all sized for both children and adults. It is due for ...
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News briefs
Genesco doubles its share buyback program
Genesco’s board of directors has authorized a $100 million increase to its existing $100 million share repurchase authorization. Under the existing share repurchase authorization announced in September 2019, the U.S. footwear company has bought roughly 1.72 million shares at a total cost of about $99.0 million, at an average price ...
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News briefs
Allbirds opens a store in Charlotte
Allbirds, the California-based producer of Wool Runner merino shoes and other eco-friendly sneakers and apparel, opened its first store in Charlotte, U.S. The 2,964 square foot space is the company’s 36th store worldwide. ”Displays around the shop call attention to the merino wool, sugarcane, tree, and other materials that its ...
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News briefs
Shoes 53045 launches its first virtual shoe
On Feb. 3, Shoes 53045 launched its first-ever virtual shoe in partnership with the blockchain company MetaJuice. Buyers can purchase the limited edition Cyb’Air non-fungible tokens (NTFs) and then bring them into the IMVU metaverse and showcase them in a specially-designed room. Cyb’Air is a virtual platform-heeled bubble air sneaker ...
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News briefs
Global women’s luxury footwear sales to rise $39 bn in 2029
The global women’s luxury footwear market is estimated to rise from $30 billion in 2022 to $39 billion by 2029, growing by an annual average of 5 percent over the period, according to Future Market Insights. The segment is very concentrated with the top five suppliers having a combined 55 ...
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News briefs
Earth Shoes names former Aerosoles head
Earth Shoes has apppointed Alison Bergen as CEO. She takes over day-to-day management from the former president Mark Parsley, who left the company. She reports to the company’s founder and chairman Phil Meynard. Bergen was previously CEO of Aerosoles for over three years. She relaunched the company that was bought ...
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News briefs
A quarter of Nike shoes in Russia are fakes
Roughly 25 percent of all Nike shoes on the Russian market are fakes, showed a research conducted by the Russian business union Social Consumer Initiative. The share of counterfeit products ranges between 0 and 5 percent for Adidas, Asics, New Balance, Reebok, Puma and Skechers, said Oleg Pavlov, head of ...
