Latest News Briefs – Page 112
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News briefs
VF makes new CSR pledges
VF Corp’s fourth sustainability and responsibility report says the group will achieve zero waste verification at all its warehouses and distribution centers by the end of this year, compared with 72 percent at present. This would mean that at least 95 percent of their waste will be diverted from landfills. ...
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News briefs
Zalando’s Zircle app adds resale option in Germany
Zalando has revamped and relaunched the Zircle app in its home market. German customers of the Zalando marketplace can now return articles of womenswear bought from their fellow customers there. All such items appear in the customers’ order history on the app. The new service will be extended to menswear ...
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News briefs
Hoka collaborates with Moncler
Hoka One One has collaborated with the outdoor brand Moncler to produce a limited edition of its Mafate Speed 2 trail running shoe. The Mafate S is designed for both mountains and, thanks to the addition of reflectors, city streets. The outsole is made of Vibram Megagrip, the detailing is ...
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News briefs
American Exchange Group enters a partnership with Aerosoles
American Exchange Group has entered a partnership with the footwear brand Aerosoles to deliver a value-oriented footwear line. Together the two companies will collaborate on the design, branding and strategy for a new Aerosoles collection targeted to the mass and off-price channels. “This partnership marks an exciting new chapter in ...
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News briefs
Allbirds opens its first store in New Jersey
Allbirds, the B Corporation certified Californian brand of footwear and apparel, has opened a 3,140-square-foot retail store and community center at the Garden State Plaza in Paramus. It is the brand’s first store in New Jersey and 35th globally, with locations across North America, Asia and Europe. Displays around the ...
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News briefs
VF appoints new investor relations head
VF Corp. has appointed Allegra Perry to the position of vice president, investor relations, effective Jan. 2022. She will report to VF’s chief financial officer, Matt Puckett, and work closely with the group’s executive leadership team and executives across the company’s 12 brands, including The North Face, Timberland, Vans and ...
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News briefs
Puma raises FY sales guidance
Puma raised its outlook for full-year sales after reporting solid growth in sales and earnings in the third quarter ended Sept. 30 despite persistent supply chain headwinds and difficulties for Western brands in China. Sales in the three month period increased by a reported 20.0 percent to a quarterly record ...
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News briefs
Wolverine amends its credit facilities
Wolverine Worldwide has amended and extended its credit agreement with JP Morgan Chase, refinancing a $200 million term loan and taking its existing revolving credit up from $800 million to $1 billion. The maturity of both credit facilities has been stretched to end on Oct. 21, 2026. There was an ...
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News briefs
BasicNet boosts sales, Ebitda
BasicNet said its Ebitda for the third quarter ended Sept. 30 was 23.7 percent higher than in the same period of a year ago and 6.3 percent higher than in the third quarter of 2019. Without providing a quarterly breakdown for other key indicators, the Italian-based parent company of Kappa, ...
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News briefs
Galaxy will buy Sequential’s active brands for $330m
Galaxy Universal announced that it has won the auction for the active brands portfolio of the bankrupt Sequential Brands Group, which includes And1, Avia, Gaiam and SPRI. The $330 million deal, which is still subject to court approval, is expected to close in mid-November. Galaxy had already made a “stalking ...
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News briefs
Zalando launches Connected Retail in Italy
Zalando is launching its Connected Retail program in Italy, offering a reduced commission until the end of the year to the physical retailers that wish to join its online marketplace. Like in 12 countries where this service is already available, the goods will be ordered through Zalando’s website and delivered ...
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News briefs
Pajar opens its first store in the U.S.
Pajar, a Canadian family-owned fashion brand born in Montreal in 1963 and known for its footwear and outerwear, opened its first brick-and-mortar retail store in the U.S. The 2,500-square-foot shop is located in the heart of New York City at 114 Wooster Street in SoHo. It features roughly 300 footwear, ...
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News briefs
Sabu and Zusa enter a partnership
Sabu, a German retail cooperative, and Zusa, a Swiss footwear buying group, have agreed on a strategic partnership scheduled to start next year. The parties expect that the collaboration will lead to significant synergies in many activities, reduce costs and further improve the services for their members in both countries. ...
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News briefs
Moscow introduces a new lockdown
Due to the rapid increase in Covid-19 cases in Russia, Moscow’s mayor, Sergei Sobyanin, decided to introduce an 11-day lockdown from Oct. 28. Restriction includes all non-essential stores, schools and businesses. Non-vaccinated people over the age of 60 will not be allowed to leave their homes. The country’s president, Vladimir ...
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News briefs
Gallery Fashion & Shoes and Gallery Shoes & Fashion change names
The trade fair organizer Igedo Company is changing the name of Gallery Fashion & Shoes to Fashn Rooms from the edition scheduled from Jan. 27 to 31, 2022. Meanwhile, Gallery Shoes & Fashion will become Shoes Düsseldorf from the edition to be held from March 6 to 8. The events ...
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News briefs
Kering sales up 12.6% in Q3
Kering’s revenues rose by 12.6 percent year-over-year in the third quarter to €4,188 million, with comparable sales up by 12.2 percent. Comparable revenues grew by 10.0 percent against the third quarter of 2019. Comparable revenues generated by the group’s directly-operated stores climbed by 12.0 percent from the third quarter of ...
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News briefs
Lumberjack targets sales of €32 mn in 2021
Lumberjack, the Italian brand of casual footwear owned by the Turkish firm FLO, expects to finish 2021 with sales of €32 million, up by 28 percent from a year earlier. Next year, the target is to achieve sales of more than €40 million by expanding the client base to over ...
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News briefs
Keen reorganizes German sales team
Ralph Hermann, so far Keen’s representative in Baden-Württemberg with his agency “Die Berg Agenten”, will be Keen’s new country manager for Germany. Baden-Württemberg as well as Bavaria will be taken over from fall/winter 2022 by the agency Frotscher, which also looks after brands such as Havaianas, CMP, Inuovo and Hoff ...
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News briefs
U.K. retailers call for human rights law to protect supply factory workers
More than 35 retailers, manufacturers and investors including Primark and Asos have demanded the British government make human rights and environmental checks on their global supply chains mandatory by law. In a letter, the group said the Covid-19 crisis highlighted the “fragility of global supply chains” and the vulnerabilities faced ...
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News briefs
Crocs has two new SVPs
Crocs has hired Lori Foglia as senior vice president and chief product and merchandising officer. Foglia brings nearly 25 years of product, merchandising and retail experience to the company. She previously worked at Victoria’s Secret, where she spent nearly five years overseeing product merchandising for more than 1,000 stores, as ...
