Latest News Briefs – Page 120
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News briefs
Shoepassion turns N91 into a lifestyle brand
The Berlin-based footwear company Shoepassion has decided to transform its N91 sneaker label into a lifestyle brand. “N91 reinterprets the urban lifestyle around the sneaker cult and at the same time relies on the highest ethical and ecological standards. With N91 we present contemporary designs from the heart of Berlin ...
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News briefs
Superga confirms Hailey Bieber as global ambassador
Superga, the Italian brand known for its cotton canvas sneaker, has confirmed Hailey Bieber as its global ambassador for the autumn campaign. The American model, who married the Canadian singer Justin Bieber in 2018, featured in Superga’s spring 2021 advertising campaign.
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News briefs
Farfetch GMV rises 40% in Q2
In the second quarter, the British online fashion retailer Farfetch posted a 40 percent year-on-year increase in gross merchandise value (GMV) to $1.008 billion, driven by a similar growth to $913.4 million in GMV generated by the digital platform. GMV stemming from the brand platform grew to $72.7 million from ...
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News briefs
Asos’ chairman quits
Adam Crozier, the chairman of the British online retailer Asos, has been appointed chairman of the U.K. telecommunications operator BT, where he will succeed Jan du Plessis when he retires from the board on Dec. 1. Crozier will join BT’s board as an independent non-executive director and chairman designate on ...
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News briefs
Skechers commits to $1m donation to Haiti earthquake relief
Skechers is supporting Haiti earthquake relief efforts with a $1 million donation to be given to three charitable organizations: CORE, Hope For Haiti and World Central Kitchen. On Aug. 14, Haiti was hit by a 7.2-magnitude earthquake in which more than 2,100 people have died and over 12,000 injured. ...
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News briefs
ABG may lose its rating if it delays its IPO
Standard & Poor’s indicated that it may downgrade its ratings for the Authentic Brands Group (ABG) if it delays its planned public offering, which would help it to finance its €2.1 billion acquisition of Reebok, or if the IPO would lead the institutional investors that have been sponsoring its expansion ...
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News briefs
Saucony introduces the new Triumph 19 shoe
Saucony has announced the launch of the all-new Triumph 19 running shoe, available in men’s and women’s sizes at saucony.com and selected running specialty retailers globally. The Triumph 19 features the brand’s PWRRUN+ responsive cushioning, an upgrade from the underfoot cushioning in the Triumph franchise, as well as the brand’s ...
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News briefs
New Balance sues Michael Kors over allegedly similar “N” mark
New Balance has filed a trademark infringement lawsuit against Michael Kors, claiming that two models of its sneakers use an “N” in their design that is “confusingly similar” to the iconic “N” in New Balance footwear. New Balance specifically targeted Michael Kors’ Olympia and Pippin shoe collections. The case was ...
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News briefs
Vietnamese manufacturers react to the spreading virus
More than 1,000 companies operating in various sectors in the Ho Chi Minh City region have managed to keep most of their workers on site, accommodating them in their factories or transporting them from hotels and other lodgings, to help avoid a shutdown of their operations due to the spreading ...
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News briefs
El Corte Inglés to halve its suppliers
The Spanish department store chain El Corte Inglés plans to cut down by almost one-half the number of its suppliers under a program that started three years ago, according to El Economista. Meanwhile, the group has been recovering strongly from the Covid pandemic, which led it to book a net ...
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News briefs
JD Sports and Nike launch virtual sneaker try-on event on TikTok
JD Sports is launching an interactive social media campaign, created in close partnership with TikTok’s Creative Lab, to support the release of Nike’s new Air VaporMax. Thanks to a 3D augmented reality branded effect, any TikTok user will be able to virtually superimpose the new shoes in three different colors ...
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News briefs
Amazon reportedly plans to open large U.S. stores
The American online retailer Amazon plans to open several large physical retail locations in the U.S. that will operate like department stores, The Wall Street Journal reported citing people familiar with the matter. Some of the first Amazon department stores are expected to be located in Ohio and California. The ...
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News briefs
Bally develops direct-to-consumer channel in Russia
The Swiss footwear company Bally opened its first store in Moscow in cooperation with Brand-à-porter, which also manages mono-brand stores for Escada, Kenzo, Giuseppe Zanotti, A. Testoni and Tsumori Chisato and has its own e-commerce platform. The Bally monobrand store occupies 150 square meters of shopping space in the Crocus ...
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News briefsCounterfeiting still prevails in Russian fashion purchases
In 2020, the Russian market for counterfeit luxury clothing, footwear, and accessories decreased by 12 percent, to 248 billion rubles (€2.87bn-$3.37bn). But, the legal market for premium brands remains smaller, being estimated at only 234 billion rubles (€2.71bn-$3.18bn), and experienced a stronger decline, falling by 15 percent, a research conducted ...
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News briefs
Leder & Schuh takes over 3 CCC stores in Austria
The Austrian shoe retailer Leder & Schuh is taking over three stores previously managed by the Polish company CCC which is pulling out of Austria. The stores are located in Graz, Bärnbach and Vienna and will bear the Shoe4You banner. The company is also opening four new Humanic stores, one ...
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News briefs
Pitti Uomo now scheduled Jan. 11-13
Pitti Immagine announced that the menswear show Pitti Uomo will now be held on Jan. 11-13 jointly with the kidswear event Pitti Bimbo at Fortezza da Basso in Florence. Previously, the organizers had indicated that Pitti Uomo would run for four days on Jan. 11-14 and that Pitti Bimbo would ...
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News briefs
CHIC Shanghai move to Oct. 9-11
The fashion and lifestyle trade show CHIC Shanghai, which was scheduled to be held on Aug. 25-27, has been moved to Oct. 9-11. About 500 brands are registered to attend the show, where about 60,000 visitors are expected. Chen Dapeng, president of China National Garment Association and CHIC - China ...
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News briefs
Gen Z consumers open to clothing rental
According to a new study among consumers aged between 19 and 24 conducted by the College of Agricultural, Human and Natural Resource Sciences at the Washington State University (WSU), Gen Z adults are interested in using apparel rental services to reduce overconsumption. Ting Shi, co-author and chair of apparel, merchandising, ...
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News briefs
Wolverine plans to offer $550m in 4.000% notes
Wolverine Worldwide announced the planned issue to institutional investors of $550 million worth of new senior notes due in 2029 bearing annual interest of 4.000 percent. It will use the proceeds to redeem all its outstanding 6.375 percent notes due in 2026 and 5.000% notes due in 2026. The group ...
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News briefs
Boohoo plans to invest £500m creating 5,000 UK jobs as demand soars
The online fashion retailer Boohoo is investing £500 million (€588m-$693m) in the U.K. over the next five years, creating 5,000 jobs and increasing its ability to meet rising domestic and international demand. The British company, which focuses on clothing, shoes, accessories and beauty products for 16 to 30-year olds, said ...
