Latest News Briefs – Page 162
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News briefs
Vans helps retailers with “Foot the Bill” initiative
VF Corporation’s Vans brand is seeking to help the small skate shops that have underpinned its success and other local businesses weather the Covid-19 storm. Its “Foot the Bill” customization initiative – which involves the brand’s small business partners designing their own Vans and pocketing the net proceeds from their ...
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News briefs
Wock contributes to Covid-19 fight
Wock, the professional footwear brand owned by the Procalçado group along with the label Lemon Jelly, is donating 3,000 pairs of shoes to healthcare professionals in its home country of Portugal at the forefront of the fight against Covid-19. Under the motto “Somos por ti,” (We are for you), Wock ...
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News briefs
Pasito Fricker is insolvent
Pasito Fricker, the Swiss shoe retailer previously owned by Görtz, has gone bankrupt. The retail chain was experiencing difficulties becaus e of a diversion of shopping tourism from Switzerland to neighboring countries and increasing competition from online retailers. The recent coronavirus-related retail lockdown worsened the situation as the company was ...
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News briefs
Pakistan footwear exports rose by 15.86% in July-March
In the first nine months of its fiscal year that runs to the end of June, Pakistan’s footwear exports grew by 15.86 percent to $104.351 million. Leather footwear exports represented 84.55 percent of the total and increased by 11.26 percent, according to the Pakistan Bureau of Statistics (PBS). During the ...
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News briefs
Havaianas diversifies
Havaianas has launched a full-fledged collection of beachwear, T-shirts and other textile products for spring/summer 2020 on its website in Europe. The Brazilian brand of rubber shoes has also teamed up with Eastpak on a range of co-branded products. The collaboration has resulted in four items in the bright colors ...
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News briefs
CCC’s chairman sells some of his shares
Dariusz Milek, founder and chairman of CCC Shoes & Bags, has reduced the stake he holds in the international Polish-based shoe retailing company indirectly through Ultro Holding of Luxembourg and a subsidiary. He now owns 24.84 percent of the ordinary and preferred shares in CCC, leaving him with 34.98 percent ...
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News briefs
Crowdfunding delivers a new brand of vegan shoe
As Fashion Network reports, a two-year partnership between Lionel Le Floch, the designer behind the Le Flow footwear brand, and Carole Beauverger, co-founder of the showroom Showtime Paris, has produced a new brand of vegan shoes, Supergreen. The brand’s shoes are made of corn fiber, sourced from an Italian producer. ...
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News briefs
Aeffe’s leathergoods business suffers lower profitability in Q1
In the first quarter, Aeffe, the Italian fashion house that owns Pollini and other brands, suffered a decline in the Ebitda of its footwear and leathergoods division to €4.5 million from €6.3 million a year earlier, with the margin narrowing to 14.7 percent from 18.9 percent. The division’s sales fell ...
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News briefs
Paraboot returns to full capacity
Paraboot, the French manufacturer of high-end footwear, has returned to full capacity production from May 4 at its factory in Saint-Jean-de-Moirans. The site closed down following the outbreak of Covid-19 in France but resumed partial manufacturing on April 6 and gradually increased production. The facility has an annual capacity of ...
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News briefs
Former Chanel CEO may head Golden Goose
In view of the change of ownership from the US private equity Carlyle to its British peer Permira, Maureen Chiquet could replace Patrizio Di Marco as chairman of Golden Goose, according to the Corriere Economia, a weekly insert of the daily Corriere della Sera. Silvio Campara will remain chief executive ...
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News briefs
Farfetch continues to grow strongly in Q1 and lose money
The British online fashion retailer Farfetch saw gross sales value rise by 46 percent in the first quarter of 2020 to $610.87 million, while the net loss increased slightly to $79.18 million from $77.69 million a year earlier. Revenue increased by 90 percent to $331.44 million. The gross margin narrowed ...
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News briefs
Boohoo raises £197.7 million as it prepares itself for acquisitions
The U.K. online fashion retailer boohoo is building up a warchest to finance takeover opportunities that are expected to arise in the coming months in the wake the Covid-19 pandemic. The company already has its sights set on potential targets. Boohoo has raised gross proceeds of £197.7 million (€221.5m-$239.5m) through ...
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News briefs
German online shoe sales rose by 5.4% in April
According to a study by the German association for e-commerce and mail order, BEVH, online sales of shoes increased by 5.4 percent year-on-year to €357 million in April. Meanwhile, total online sales in Germany increased by 17.9 percent to €6.82 billion in April. In the first four months of the ...
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News briefs
Deichmann donates over a million face masks to Caritas
Deichmann, Europe’s largest shoe retailer, has donated over 1 million face masks to the charity Caritas in Berlin. The masks will be donated to people in need of care, socially disadvantaged or homeless in the German regions of Berlin, Brandenburg and Western Pomerania.
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News briefs
ANWR Schuh appoints new product manager for women’s shoes
ANWR Schuh has appointed Klaus Pommering as product manager for women’s shoes. He will be reporting directly to Albert Mayer, head of purchasing and product management. Pommering, 53, was previously purchasing manager for women’s shoes at the Leiser Group, the German shoe retailer with about 40 stores that filed for ...
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News briefs
Two Ten faces a huge increase in demand for aid
The American footwear sector’s charity Two Ten Foundation is receiving applications for financial assistance at a rate that is 10 times greater than at any other point in its history as people find themselves out of work due to the coronavirus, Footwearbiz reported. The foundation was set up in 1939 ...
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News briefs
Yoox Net-a-Porter Group reopens distribution centers
After Yoox Net-a-Porter Group (YNPG) had to close down its online stores, Net-a-Porter, Mr Porter, The Outnet and Yoox, at the end of March, Yoox, The Outnet and Mr Porter started to work again at the end of April and Net-a-Porter took orders again from last week. Deliveries might take ...
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News briefs
Alibaba offers fashion labels an outlet for excess stock
Alibaba launched a new service for retailers. Called Luxury Soho, the platform is for mark-downs in the way that the group’s Tmall Luxury Pavilion is for inaugural collections. Through it, fashion labels can manage inventory while targeting specific markets, notably Millennials and Gen Z in China’s secondary cities. According to ...
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News briefs
Superga opens first flagship store in Germany
Superga, part of BasicNet, the parent company of Kappa, K-Way, Superga and other brands, opened a new flagship store in Berlin on May 2. The store covers 80 square meters and is located in the Bikini shopping mall. Superga had already opened a pop-up store in the popular shopping mall ...
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News briefs
Cat Footwear has a new global brand president
Cat Footwear, a division of Wolverine Worldwide, has appointed Chip Coe as its global brand president. He will be reporting to Chris Hufnagel, who belongs to Wolverine’s executive team and is global brand president of Merrell. Coe has been with Wolverine since 2010, serving as president of the Chaco brand ...
