Latest News Briefs – Page 148
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News briefs
Alibaba grows by 30% in Q3
Confirming a recovery from the first wave of the Covid-19 pandemic in China, the Alibaba Group reported a 30 percent increase in overall revenues to 155.1 billion yuan renminbi (€19.9bn-$23.5bn) in the third quarter, leading to a rise of 28 percent in adjusted Ebitda to RMB 47.5 billion ($6.1bn-$7.2bn). The ...
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News briefsVRG rebrands Accent stores as Rizzo
Venue Retail Group (VRG) is converting its Accent stores in Sweden and Morris stores in Norway to a new store concept which it has been testing since July 1 and currently has four pilot shops. The pilots have shown “a very positive development and we have received the answers we ...
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News briefsEurazeo sells stake in Farfetch
The French investment house Eurazeo has sold its minority stake in Farfetch, a London-based online marketplace for fashion and luxury goods brands and multi-brand boutiques present in 190 countries, for net proceeds of €90.4 million. After investing in Farfetch in 2016, Eurazeo said it helped Farfetch to develop business among ...
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News briefsCrocs implements AI solution to block unauthorized web ads
Crocs has partnered with Namogoo Technologies on the implementation of a solution that automatically prevents unauthorized and distracting ads from appearing on the Crocs e-commerce site. The Namogoo Customer Journey Hijacking Prevention solution uses artificial intelligence (AI) to identify and block these ads, which are designed to look like native ...
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News briefs
VF has a new VP of inclusion and diversity
VF Corp. has appointed Lauren Guthrie as vice president of global inclusion and diversity (I&D) in replacement of Reggie Miller, who is resigning. Guthrie has worked in merchandising for most of her career, first at Abercrombie & Fitch and Levi Strauss, then in an executive capacity at Nike, Old Navy ...
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News briefsDr. Martens to take over wholesale distribution in Italy
From June 1, 2021, Dr. Martens will bring in-house wholesale distribution in Italy. Asap has been the brand’s distributor in the country for over 30 years. Dr. Martens will manage sales directly from the next autumn/winter collection. In the meantime, the two companies will be working together to ensure a ...
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News briefsGenesco’s CFO leaves
Melvin Tucker, Genesco’s senior vice president and chief financial officer, has resigned, effective Nov. 27, in order to pursue an opportunity outside of the company. The American footwear retailer has started searching for a new CFO. In the interim, the position will be held by the company’s president and chief ...
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News briefsFootway widens e-commerce for its brands to 24 markets
Footway, the international Swedish-based shoe e-tailer, has launched a new integrated internet platform for all its operations including Sportamore, the sporting goods e-tailer that it recently acquired, widening its presence to a total of 24 markets all over Europe. The platform also houses a couple of house brands, Hoppe and ...
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News briefs
Dior offers AR experience on Snapchat for B27 sneaker
Dior is offering an augmented reality (AR) experience on Snapchat for the launch of its new B27 sneaker. The French luxury brand allows Snapchat users to virtually try on six variations of the shoe and to buy them directly from Dior’s channel on Snapchat or through Dior.com. The sneakers retail ...
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News briefs
Premium Group cancels Berlin shows scheduled in January
After having surveyed exhibitors, partners and buyers, the Premium Group has decided not to hold the Premium, Seek and Fashiontech events scheduled in January in Berlin due to the environment caused by the Covid-19 pandemic. On the group’s website, Anita Tillmann, the managing partner of Premium Group, said that “as ...
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News briefsLiu Jo footwear unit sees 2020 sales up 30%
Eli, the company that manages the footwear of the Italian apparel brand Liu Jo, expects to close 2020 with sales of €44 million, up more than 30 percent from 2019, according to Fashionmagazine.it. The company, which opened a new showroom in Milan in September, benefited from a more than 30 ...
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News briefsGenesco appoints an investment banker to its board
Genesco has appointed John F. Lambros to its board of directors. Lambros is president of GCA-U.S., a global investment bank. He serves as the head of GCA’s digital media banking practice, is a member of its board of directors and executive committee, and is the head of the firm’s New ...
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News briefs
The second-hand market is growing in Russia
The Covid-19 pandemic has spurred the demand for second-hand shoes and clothes in Russia, a research conducted by the Russian consulting agency Fashion Research Group showed. As of today, this segment accounts for 6 percent of sales of the Russian fashion market. The continuing deterioration in purchasing power is likely ...
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News briefs
Nike manager switches to Snipes
The Deichmann group has appointed a long-time Nike manager to the new position of European general manager for Snipes, its international chain of sneaker shops. Starting on Nov. 1, he will join Snipes’ founder and chief executive, Sven Voth, and Tim Spickenborn, the chief financial officer, as the third member ...
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News briefsRalf Ringer suffers staff shortage due to pandemic
The Russian footwear group Ralf Ringer is seeking 200 employees to replace labor migrants, who had to leave Russia because jobless during the Covid-19-related lockdown. The company manufactures 2 million pairs per year at four factories in Vladimir, Zarajsk, Moscow, and Taldom. Ralf Ringer also runs a retail network of ...
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News briefsKlarna snaps up Woilà
Klarna, the Swedish online payments group which offers ”buy now, pay later” solutions, has acquired the technology and team of the startup Woilà, whose app allows consumers to get refunds if the price of a product falls after an online purchase is completed. Klarna said the acquisition, for which terms ...
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News briefs
French economy risks “collapse” with new lockdown
A new total or partial Covid-19-related lockdown could lead to a “collapse” of the French economy, according to the Confederation of Small and Medium-sized Enterprises (CPME). CPME warned that companies are currently “much weaker” than in March, when the government introduced a lockdown, and many, especially the smaller ones, would ...
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News briefs
French footwear output down 31.0% in January-August
Because of the impact of the Covid-19 pandemic, French footwear production fell by 31.0 percent year-on-year in the first eight months of 2020, with revenues of shoe manufacturers down by 23.5 percent, according to the French National Leather Council (Conseil National du Cuir). Shoe exports, excluding slippers, fell by 17.0 ...
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News briefsUFG has a new DACH sales manager for license brands
Unlimited Footwear Group (UFG) has appointed Dirk Pues as sales manager covering Germany, Austria and Switzerland, the DACH business region, for its Brands-360 subsidiary which is in charge of licensed brands. Pues is scheduled to start on Dec. 1. A veteran of the footwear industry, Pues has been working as ...
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News briefs
Allbirds launches apparel line
Allbirds, the B Corporation certified Californian brand of sustainable footwear, has launched its first apparel line. It is available in the company’s 21 stores in the U.S., Europe, China and New Zealand and online. The collection comprises T-shirts made out of a fiber derived from discarded crab shells, cardigans and ...
