Latest News Briefs – Page 115
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News briefs
Caleres hires a general manager for Allen Edmonds
The U.S. footwear company Caleres has appointed David Law as senior vice president and general manager of Allen Edmonds. He was previously in charge of men’s footwear at Vida Shoes International. “David is an accomplished omnichannel retail executive with over 15 years of extensive experience in various buying, planning and ...
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News briefs
Hotter uses BASF’s Infinergy in comfort shoe range
The British footwear retailer Hotter Shoes has struck a deal to use BASF’s Infinergy material in its range of comfort shoes. Hotter has included the material in more than 41 styles to complement the brand’s own Cushion+ technology and is aiming the collection at its core audience of over 55s, ...
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News briefs
Pakerson sees 2021 sales up 25%
Pakerson, the Italian manufacturer of high-end men’s shoes, expects 2021 sales to rise by 25 percent after falling about 30 percent last year because of the impact of the outbreak of the Covid-19 pandemic. At the end of August, sales were up by 19 percent. The company generates 90 percent ...
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News briefs
Grendene to build a new plant
The board of the Brazilian footwear manufacturer Grendene has approved a new factory in Crato, in the state of Ceará. Construction of the 10,800-square-meter manufacturing facility is planned for 2022. The plant will cost 30 million reais (€4.7m-$5.5m) and generate 1,000 jobs. It will increase Grendene’s production capacity by 500,000 ...
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News briefs
Brazilian firms to generate $5.4m in orders at Micam
The 18 Brazilian footwear brands present the Micam trade fair, which was held in Milan on Sept. 19-21, are expected to generate over $5.4 million in revenues, thanks to deals that were closed during the show or that they began negotiating during the event, according the to the Brazilian footwear ...
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News briefs
Style Capital invests in LuisaViaRoma
The Italian private equity firm Style Capital is investing €130 million, partially through a capital increase, in the Florence-based online multibrand retailer LuisaViaRoma. The deal is expected to close this year and give Style Capital a 40 percent stake in LuisaViaRoma, while the retailer’s chairman and CEO, Andrea Panconesi, will ...
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News briefs
Zalando invests in Infinited Fiber
Zalando has joined Adidas, H&M and an investment arm of the Bestseller Group in a round of financing to help Infinited Fiber Company of Finland to build a facility for the commercial production of its biodegradable fiber, called Infinna. The company’s technology converts textile waste and other cellulose-based raw material ...
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News briefs
Skechers wins Energy Lights lawsuit
A District Court for the state of Illinois has dismissed with prejudice a proposed class action suit launched by Rikki Guajardo in May 2019. She claimed that her child had suffered pain and burns when Skechers’ Energy Lights sneakers heated up. She accused the company of deceptive trade practices and ...
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News briefs
Asos to invest in a tech hub in Belfast
The British online fashion retailer Asos is planning to invest £14 million (€16.2m-$18.9m) to create a new tech hub in Belfast. The site is scheduled to be operational early 2022 and create 184 jobs over three years, with 52 hirings in the first year.
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News briefs
CCC buys and sells a 10% stake in Eobuwie
On Sept. 23, the Polish footwear group CCC bought a 10 percent stake in its unit Eobuwie from MKK3 and subsequently transferred to A&R the ownership of the acquired block of shares based on a disposal agreement reached on June 22, 2021. Following the transaction, CCC Shoes & Bags owns ...
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News briefs
U.K. consumer confidence weakens in September
In its latest U.K. Consumer Confidence Survey conducted amongst a sample of 2,000 individuals aged 16+, GfK market researchers see significant anxiety about the possible cost of living in the U.K. that leads to a hesitant buying climate and lower expectations for the future. All scores went down, with the ...
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News briefs
Canada Goose to start selling footwear on Nov. 12
Canada Goose announced the widely expected market launch of its first footwear line on Nov. 12, starting with two luxury-priced snow and hiking boots offered at suggested retail prices of $750 and $1,295. The new product launch follows six months of testing by a group of 40 men and women ...
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News briefsThe athletic shoe market dipped by 8.2% in 2020
The athletic footwear market has been performing generally better than the market for sports apparel and sports equipment in the last decade. Apparently, the opposite happened last year because of the Covid-19 pandemic, as many consumers didn’t buy a new pair of sneakers, except for running or exercizing, as they ...
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News briefs
Nike cuts guidance as supply chain woes worsen in Q1
The Nike group cut its guidance for fiscal year 2022 despite strong consumer demand, as it warned of inventory shortages over the next few quarters in the face of continuing supply chain headwinds that already took their toll on its sales performance in the first quarter ended Aug. 31. Nike’s ...
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News briefs
Asos enters the e-sports arena through Fnatic
Asos has signed a three-year deal with Fnatic, an e-sports brand with 30 million users, many of them members of Gen Z. As Asos’ chief growth officer, Robert Birge, explains, “gaming and fashion are both passions for young adults,” and “Gen Z-ers increasingly express their style in both the physical ...
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News briefs
Court sets an Oct. 28 deadline to bid for Sequential’s brands
The auction being supervised by U.S. Bankruptcy Court for the District of Delaware for the bankrupt Sequential Brands Group is set to start next month. Interested parties have been given a deadline of Oct. 28 to submit bids for any of its assets to be added to those already filed ...
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News briefs
Wildberries denies go-slow strike
The Russian online retailer Wildberries denied reports that some workers have engaged into a go-slow to protest against pay conditions. Anfisa Ronzhina, the company’s public relations manager, said that the company’s pick-up points are working normally. In a petition posted at change.org, Wildberries employees complained about the introduction of new ...
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News briefs
Euro Shoes launches B2B site
The Russian company Euro Shoes, an organizer of Euro Shoes footwear exhibition in Moscow, has launched the B2B marketplace Euroshoes.market. “The marketplace provides an opportunity [for producers] to demonstrate brand products and for buyers and retailers to place orders online,” Euroshoes.market said in a statement, adding that at the start ...
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News briefs
FLO takes over distribution in Russia
The Turkish shoe company FLO is opening an office in Russia in order to directly sell five brands in the country, said Alexey Davydov, the sales manager in Russia. So far, FLO has been present in Russia through a partner. The company will take over the distribution of U.S. Polo ...
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News briefs
Keen launches loyalty program focused on civic engagement
The Portland-based footwear company Keen launched Keens Corps, a loyalty rewards program providing points for volunteering, donating to grass roots organizations and shopping. The program rewards its members efforts through exclusive branded products, unique events and special shopping access. Individual and collective dashboards allow members to track their efforts. The ...
