Latest News Briefs – Page 161
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News briefs
Superga reopens its stores in Spain
Superga, which is owned by the Italian group BasicNet along with brands such as Kappa, K-Way, Sabelt and Sebago, about a week ago reopened its three Spanish mono-brand stores that had been shuttered during the nationwide lockdown caused by the Covid-19 pandemic. The stores are located in Madrid, Barcelona ...
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News briefs
Adidas teams up with Allbirds
Adidas announced a collaboration with Allbirds, the well-known American brand of sustainable footwear, to develop the sport performance shoe with the lowest-ever carbon footprint. The project will involve exploring recyclable material resources as well as the use of renewable energies in manufacturing and transportation. Adidas said the project is part ...
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News briefs
Vida Shoes laying off staff, cutting wages
U.S. footwear group Vida Shoes International is laying off staff and temporarily cutting salaries of employees as the Covid-19 crisis makes cost-cutting measures necessary. Vida did not reveal how many workers would be affected by the measures. The company said its restructuring would also involve an intensified focus on its ...
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News briefs
Klaus Magele leaves Salamander Austria
Klaus Magele, chief executive of Salamander Austria, will be leaving the company after 25 years. Salamander Austria, which is owned by the Ara Group, manages the Salamnder stores in Austria as well as Hungary, the Czech Republic, Poland and Slovakia. The Delka shoe retail chain is also part of Salamander ...
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News briefs
ANWR, Sabu and HDS/L to set up new seasonal schedule
ANWR and Sabu, two of the major German shoe retailing cooperatives, have decided to set up a new seasonal schedule for the presentation of new products in concert with HDS/L, the German shoe and leathergoods industry association. Many partners from the shoe, leathergoods and textile industries have already agreed to ...
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News briefs
boohoo fully acquires prettylittlething.com
boohoo, the UK fashion online retailer, has taken full control of prettylittlething.com (PLT) by buying out its minority shareholders Umar Kamani and Paul Papworth in cash and shares. boohoo is paying an initial consideration of £269.8 million (€300.2m-$332.4m) for the 34 percent it does not hold in the website that ...
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News briefs
Micam Americas postponed to Sept. 29-Oct. 1
Informa Markets, a British organizer of exhibitions and events, has postponed to Sept.29-Oct.1 its summer edition of the Las Vegas fashion marketplace that features Micam Americas and two other important events, WWDMagic and Project. The shows were previously planned for Aug. 17-19. The venue is the Las Vegas Convention Center. ...
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News briefs
Tempe’s 2019 sales rose by 6.2% to €1.4 billion
Tempe, the Spanish unit of Inditex that develops and distributes shoes and accessories for the group’s eight brands, including Zara, Pull & Bear and Massimo Dutti, recorded an increase in sales of 6.2 percent to €1.4 billion last year, while its net profit rose by 3.5 percent to €117 million. ...
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News briefs
ZES distributes Premiata's kids shoes in Germany
First the first time, the children shoes of Premiata, an Italian producer of luxury shoes, are available in Germany with the spring/summer collection. The shoes are distributed by Zucchero e Scimmie, also known as ZES, and can be found in luxury stores such as KaDeWe in Berlin, August Pfuller in ...
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News briefs
South Africa shoe imports fall by 5.8% in 2019
South Africa imported 199 million pairs of shoes in 2019, down by 5.8 percent from 2018, while exports dropped by 9.5 percent to 3.5 million pairs. Domestic production totaled 56.9 million pairs in 2019, in line with the previous year, according to the Southern African Footwear and Leather Industries Association. ...
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News briefs
Misaf trade show postponed, eyes September
The Milan-based trade show Misaf has postponed its second edition, initially scheduled for June 10-12, because of the Covid-19 pandemic. The organizer, Plum Solution, which is run by the general manager Yin Xiaomei, is considering holding the show in September but no decision has been made yet. The company is ...
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News briefs
Caval to release shoes made of apple fibers
Caval, the Parisian brand that delights in asymmetry with its mismatched pairs of shoes, is launching a new unisex collection that trades leather for a vegan material called Pellemela (literally “apple skin”). The sole will be made in Portugal of 40 percent recycled rubber and the inserts in Spain from ...
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News briefs
DSI Samson’s ‘BBB’ rating confirmed but outlook cut to stable by Fitch
The credit rating agency Fitch has cut the outlook of Sri Lankan footwear and tire manufacturer and retailer DSI Samson Group to stable from positive but has confirmed the national long-term rating at ‘BBB(lka)’. The outlook revision reflects Fitch’s view that a rating upgrade is not probable within the next ...
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News briefs
Zalando to appoint Rent the Runway CEO to its supervisory board
The nomination committee of the supervisory board of Zalando has proposed to elect Jennifer Hyman to the board replacing Alexander Samwer, who has been a director since 2013. Hyman is the chief executive and co-founder of the company Rent the Runway, a New York-based online service that provides designer dress ...
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News briefs
A new foundation to advise on sustainable and solid supply chains
A new platform, called the Sustainable Future Foundation (SFF), has been launched to drive economic development in the U.K., U.S., and EU in the new world shaped by the Covid-19 pandemic. The SFF will be advocating and supporting exemplary sustainable practices across the finance, technology, fashion and retail sectors. The ...
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News briefs
Alibaba anticipates a slowdown in sales this year
Alibaba, the Chinese e-commerce giant, expects revenues to rise by about 27.5 percent to over 650,000 million Yuan renminbi (€83,725.8m-$91,168.5m) in the current fiscal year after its top line rose by 35 percent to RMB 509,711 million (€65,647.3m-$71,487.9m) in the fiscal year ended on March 31. The company achieved its ...
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News briefsFoot Locker closes its German Runners Point chain
Foot Locker said it “intends to consolidate our Runners Point business into our other operations in Europe,” after a year-long assessment of the this chain of running stores, which it had bought from Karstadt in 2003, and the competitive landscape in Europe. The company subsequently indicated that about 35 of ...
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News briefs
LWG’s Deborah Taylor heads to UNECE
Deborah Taylor has started in a new position as consultant for the United Nations Economic Commission for Europe’s (UNECE) project to advance transparency and traceability for sustainable value chains for footwear and garments. Taylor comes to UNECE after serving five years as manager of the Leather Working Group, which includes ...
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News briefs
Johnsons Shoe Company files for creditor protection, seeks buyer
The British family-run retailer Johnsons Shoe Company has fallen victim to the Covid-19 pandemic and was placed into administration, a procedure which gives it protection from creditors. On April 23, Ian Defty and Richard Toone of the accounting and law firm CVR Global were appointed administrators of the company that ...
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News briefs
Aldo closes Irish business
Aldo is winding down its Irish business, the daily The Times reported. The Canadian footwear retailer has filed for bankruptcy protection in Canada, the U.S. and Switzerland, where it has its European headquarters, to restructure. The company has stopped shipping orders to Ireland and has closed its local e-commerce site. ...
