Latest News Briefs – Page 132
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News briefs
Amazon to open 8th logistics hub in France
The U.S. online retailer Amazon will open an eighth logistics center in France in the northeast town of Metz. The 156,000 square meter site is scheduled to open in the summer of 2021. The company has started recruiting for the site and pledged to create 1,000 permanent jobs in three ...
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News briefs
U.K. plans to start trade talks with India in the autumn
The U.K. and India are scheduled to start talks about a free trade agreement in the autumn, said the British International Trade Secretary Liz Truss. “We will start negotiations on a full free trade agreement this autumn,” she said in an interview with Sky News. Truss hopes to complete the ...
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News briefs
Russia postpones to June 15 deadline to sell unlabeled shoes
The Russian government has once again pushed back the deadline for retailers to sell stocks of unlabeled footwear. The new date is June 15. Labeling shoes with special electronic tags became mandatory in Russia on June 1, 2020. As of April this year, 82,000 companies have registered with the new ...
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Wildberries launches sales in the U.S.
Russia’s largest online retailer, Wildberries, has entered the U.S. market, expanding its presence to 14 countries. The company has been active in increasing its international presence this year, with the launch of its German online store in January and in France, Italy and Spain one month later. In 2020, the ...
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News briefs
Caleres presents maiden ESG report
The U.S. company Caleres published its first environmental, social, governance (ESG) report, Caleres Cares … Feet First. The report covers the company’s activities in 2020 and sets commitments for the next five years. The pledges for 2025 include: Use environmentally preferred materials in all of its products and shoeboxes ...
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News briefs
Pitti Uomo scheduled June 30-July 2
The Florence-based men’s fashion show Pitti Uomo is scheduled to be held from June 30 to July 2 after the Italian government announced that trade fairs could resume from June 15 in regions where Covid-19 restrictions have been relaxed. However, the show has been shortened to three days from four. ...
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News briefs
Kodiak to use PrimaLoft P.U.R.E insulation
Kodiak Boots, a Canadian footwear brand founded in Ontario in 1910, announced that it is the first footwear company to use PrimaLoft P.U.R.E. insulation. PrimaLoft P.U.R.E., short for Produced Using Reduced Emissions, is an insulation made from 100 percent recycled PET plastic that reduces carbon emissions by at least 48 ...
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News briefs
Former VF CFO joins Tapestry
Tapestry, the New York-based owner of Coach, Kate Spade and Stuart Weitzman, has appointed Scott Roe as chief financial officer (CFO), effective June 1. Roe will have responsibility for all finance functions as well as leading the company’s strategy and consumer insights teams. He joins from VF Corp., the owner ...
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News briefs
Amazon’s sales grew by 44% in Q1
Beating estimates, Amazon’s net sales jumped by 44 percent to $108.5 billion in the first quarter, driven by the ongoing online shopping boom caused by the Covid pandemic. Excluding a $2.1 billion favorable impact from changes in foreign exchange rates during the quarter, the revenue increase was limited at 41 ...
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News briefs
Vans honors the skate legend Jeff Grosso
Vans is paying tribute to the skate legend Jeff Grosso with a new Grosso Forever collection. Grosso, who died on March 31, 2020 at the age of 51. The collection leads with the Skate Sk8-Hi, which features re-issued colorways and iconic designs that Grosso sported during important moments in his ...
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News briefs
Veja launches a lighter performance sneaker
Veja, the French sustainable sneaker company, is introducing its second and lighter performance running shoe, made with special materials. Manufactured in Brazil, the Marlin features a 65 percent bio-based rubber outsole, made from Amazonian rubber and rice waste, and a 60 percent sugar cane midsole. The lining is made from ...
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News briefs
Zalando expands its loyalty program with early access
Zalando is adding what it calls “assortment-related benefits” to its loyalty program, Zalando Plus. The first is Plus Early Access, which, as the name suggests, provides program members – initially in Germany – with early access to new products. And the first product being offered under the new scheme is ...
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News briefs
VF divests its occupational workwear operations
Completing a divestiture process that began in January 2020, VF Corp. has sold the occupational workwear portion of its Work segment to a subsidiary of Redwood Capital Investments for a yet undisclosed price. The deal should be closed during VF’s present quarter, which ends on June 30. The group is ...
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News briefs
Kinetyx gets funding for its “kinesomic sensory insole”
Kinetyx’ director, Robin Thurston, believes that every shoe in the world will be fitted with sensors twenty years from now. The Canadian high-tech company, which was spun off by its parent, Orpyx Medical Technologies, nearly one year ago, has secured new funding for its continued R&D on a “kinesomic sensory ...
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News briefs
Yue Yuen turned around in Q1
Yue Yuen Industrial estimates that it made a net profit of between $80 million and $90 million in the first quarter, against last year’s pandemic-triggered loss of $56 million for the period. The world’s largest shoe producer says it has enhanced the utilization and efficiency of its manufacturing operations, following ...
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News briefs
Saucony introduces a versatile sports shoe
Saucony has unveiled the all-new Freedom 4, a versatile shoe that can be used for running, the gym and all-day casualwear. Borrowing from the brand’s Endorphin Collection, the new version of the Freedom has been updated with PWRRUN PB, an ultralight PEBA cushioning. The shoe’s base has been widened slightly ...
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News briefs
Birkenstock to invest an extra €1.8m in its components site
Birkenstock is investing an additional €1.8 million in the modernization of its German site in Bernstadt which employs about 800 people and produces uppers and buckles for the sandal maker. It indicated the funds will be used for the renovation of social areas as well as the creation of office ...
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News briefs
Allbirds reportedly preparing for IPO
Allbirds, the B Corporation certified Californian brand of footwear and apparel, is interviewing banks in preparation for an initial public offering (IPO), according to the DealBook newsletter of The New York Times. The company was last valued at around $1.7 billion in a $100 million Series E funding round held ...
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News briefs
JD Sports to sell its seconds to a reseller
JD Sports will be selling its seconds – returned and flawed sneakers and apparel – to a British company called Sole Responsibility. Established in 2014 and still run, with some help, by the co-founding husband and wife, Sole Responsibility buys “products that would have been disposed of” and sells them ...
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News briefs
Sequential sells Heelys for $11m
The Sequential Brands Group, which is under strong pressure to pay back its debts, has sold the Heelys brand of wheeled shoes to BBC International, a U.S. footwear company that has been Heelys’ core licensees since 2013, when Sequential bought the brand for $5.5 million. Heelys was one of the ...
