Latest News Briefs – Page 16
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News briefs
Boot Barn confirms John Hazen as CEO
On May 5, Boot Barn’s board appointed John Hazen as Chief Executive Officer. Hazen had been serving as interim CEO since November. He replaced Jim Conroy, who stepped down on Nov. 22 after leading Boot Barn for 12 years to take on the CEO job at Ross Stores. “After ...
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Keen to keep prices stable in 2025
Keen announced on May 6 that it will not implement any tariff-related price increases for the remainder of 2025. The Portland-based outdoor footwear brand said the decision reflects its commitment to supporting its retail partners and consumers during a period of global uncertainty. “Keen will not implement any tariff-related price ...
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News briefs
Nike reorganizes its senior management
Nike announced a series of strategic changes to its senior leadership team to accelerate its Win Now action plan to position the US sportswear company for future growth. Elliott Hill, group President and CEO, and Heidi O’Neill, President of Consumer, Product, and Brand, have decided that the Consumer, Product, and ...
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Former Gucci CEO invests in Be Sneakers
Patrizio Di Marco, the former CEO of the Italian luxury fashion brands Gucci and Bottega Veneta, has acquired a minority stake in Be Sneakers. The financial details of the transaction have not been disclosed. Di Marco has also joined the Be Sneakers board. Be Sneakers is an Italian sneaker manufacturer ...
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Vulcabras' earnings and revenues rise in Q1
Vulcabras reported a 19.5 percent increase in first-quarter net income to 106.1 million Brazilian reais (€16.5m) but the Ebitda margin contracted by 0.50 percentage points to 20.0 percent for the period ended March 31. Gross margin was flat at 40.2 percent. Shipped pairs increased by 5.6 percent to 7.1 million. ...
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News briefs
Jennyfer files for liquidation
On April 30, the Bobigny commercial court near Paris placed Jennyfer into compulsory liquidation, putting 999 jobs at risk. The French fashion brand can continue operating until May 28, when the court will examine possible takeover offers. “Exploding costs, falling purchasing power, changes in the textile market and increasingly aggressive ...
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News briefs
BasicNet Q1 revenues fall 3.3% amid ‘unstable’ geopolitical and macroeconomic landscape
BasicNet, which owns Kappa, Superga, Sebago and other brands, reported a 3.3 percent fall in consolidated first-quarter revenues to €98.3 million. Royalties from commercial and product licensees rose 24 percent to €16.1 million, while direct sales decreased 7.1 percent to €81.9 million. Aggregate brand sales, including licensed revenues, rose 2.9 ...
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News briefs
VF cuts 400 jobs
VF Corp., the parent company of outdoor and lifestyle brands including The North Face, Timberland, Vans and Dickies, has laid off approximately 400 employees across its global operations, as reported by US trade publication Shop Eat Surf Outdoor. According to a company statement, the layoffs are part of VF Corp.’s ...
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DSW installs Imbox Protection in nearly 500 US stores
DSW Designer Shoe Warehouse, the US footwear retailer owned by Designer Brands, said that it has launched “the largest retail partnership in North America” with Imbox Protection, a provider of an in-store shoe protection solution. The service is currently available in nearly 500 DSW locations across the US. “Using a ...
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News briefs
Baffin introduces online sales in France, Germany, the UK and Italy
Baffin, a Canadian brand of high-performance footwear and apparel founded in 1979, has launched direct-to-consumer (DTC) international shipping to France, Germany, the United Kingdom and Italy. “With this expansion, customers in these key European markets can now order directly from Baffin.com, gaining easier access to the brand’s innovative products – ...
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News briefs
German consumer sentiment improves
German consumer confidence is expected to rise by 3.7 points to -20.6 points in May from -24.3 points in April, according to the GfK Consumer Climate powered by NIM which has been published jointly by GfK and the Nuremberg Institute for Market Decisions (NIM). The April reading was revised up ...
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Vessi names a new Chief Marketing Officer
Vessi, a Vancouver-based footwear brand known for its waterproof sneakers, appointed Lorrin Pascoe as its new Chief Marketing Officer (CMO). “This strategic hire signals a significant step forward in Vessi’s mission to scale globally and deepen its market position as a category leader in waterproof footwear,” the company said. Prior ...
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News briefs
Hudson’s Bay liquidates its remaining stores
On April 25, Hudson’s Bay Company, the Canadian group comprising the retailer Hudson’s Bay and TheBay.com, started liquidating inventory at its remaining six Hudson’s Bay stores and one Saks Fifth Avenue location. The group believes that ”a viable bid for the current six-store model is unlikely.” The locations join the ...
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Zegna's Q1 revenues slip nearly 1%
Ermenegildo Zegna posted revenues of €458.8 million for the first quarter of 2025, down by a reported 0.9% year-on-year and 1.2 percent organically. ”We are encouraged by these early positive results but also mindful of the recent geopolitical and economic uncertainties. And while we have not observed significant changes ...
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News briefs
Indian leather goods and footwear exports up 25% in 2024/2025
India’s exports of leather products and non-leather footwear increased by about 25 percent in the fiscal year ended March 31, 2025 to $5.7 billion, according to the Council for Leather Exports. Exports exceeded by $1 billion the target set up by the Indian Ministry of Commerce and Industry ”and going ...
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News briefs
French footwear sales up by 3.9% in March
In March, French footwear retail sales rose by a seasonally and working-day adjusted 3.9 percent month-on-month after falling 1.8 percent in February, according to the Bank of France. Overall, retail sales in France dipped a seasonally and working-day adjusted 0.1 percent from February, when they rose by 0.6 percent. ...
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News briefs
Hoka opens its first store in Vietnam
Hoka has opened its first store in Vietnam. Located in the center of Ho Chi Minh City, the store is operated in partnership with the footwear brand’s distributor Central Brand & Specialty Group (CBS) and offers a full range of products, from road and trail running to street-ready styles. “We ...
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News briefs
BasicNet appoints 2 new CEOs
BasicNet, the Italian parent company of K-Way, Kappa, Robe di Kappa, Superga and Sebago, has appointed Lorenzo Boglione and Alessandro Boglione as co-Chief Executive Officers, replacing Federico Trono. The new CEOs are the sons of BasicNet’s founder, Marco Boglione, who is also the company’s chairman. Following the shareholder meeting ...
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News briefs
Chinese exports to US face up to 245% tariff
Chinese goods exported to the US face an up to 245 percent tariff as a result of the Asian country’s ”retaliatory actions,” according to a fact sheet released by the US administration. The levy includes a 125 percent reciprocal tariff, a 20 percent tariff to address the fentanyl crisis, ...
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News briefs
Shein and Temu to hike US prices
The Chinese fast fashion giants Shein and Temu have warned US shoppers of upcoming price hikes starting April 25 due to steep new tariffs imposed by the administration of US President Donald Trump. The administration’s decision to remove the “de minimis” duty-free threshold and to introduce levies reaching up ...
