Latest News Briefs – Page 163
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News briefs
Zalando opens new outlet stores, plans five extra outlets by 2022
Zalando has opened a 1,400-square-meter outlet store in Mannheim, bringing the total to nine in Germany. The opening was planned for April but was postponed after the recent lockdown in the country and the subsequent gradual reopening that was initially limited to stores of up to 800 square meters. The ...
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News briefs
Le Coq Sportif and its parent book a loss for 2019
Airesis, the Swiss holding company of Le Coq Sportif and Movement Skis, reported a net loss of CHF 11.4 million (€10.8m-£11.8m) for 2019, compared with a loss of CHF 891,000 in the prior year. Consolidated revenues rose by 3 percent to CHF 157.5 million (€149.7m-£162.6m). Le Coq Sportif, in ...
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News briefs
Paris, Milan take to digital catwalk
The Paris and Milan fashion weeks for the presentation of spring/summer 2021 menswear collections will be held digitally this year, with Paris preceding Milan and inverting the traditional international fashion show calendar as presentations go online due to the Covid-19 pandemic. Fédération de la Haute Couture et de la Mode, ...
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News briefs
Xingye Leather joins Material Exchange
The Chinese tanning group Xingye Leather has become a member of Material Exchange, an online platform for the procurement of material for footwear and fashion companies. Based in Stockholm, Material Exchange was launched in 2016. It was rolled out in the U.S. in 2018 and in China in 2019. At ...
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News briefs
ANWR Schuh launches new social media campaign
ANWR Schuh, the German buying group for shoe retailers, has launched a social media campaign to create awareness of independent shoe retailers. The campaign, with the slogan #LocalShoeLove, was started on Facebook and retailers are invited to share the campaign with clients in order to increase viewings. The social media ...
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News briefs
British Footwear Association launches online “Shoe School”
The British Footwear Association (BFA) has announced the launch of an online “Shoe School,” designed for people who work with footwear but have no formal training in shoe manufacturing. The training covers subject areas like design, footwear and sizing, materials, components, ethics and sustainability in footwear, among others.
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News briefs
U.S., Brazilian footwear industries suffer severe job losses
Both the U.S. and Brazil have seen large job losses in the shoe sector amid the spread of the coronavirus both in the two countries and globally. Data from the Footwear Distributors and Retailers of America showed that estimated employment in the U.S. shoe industry, including manufacturing, repair, wholesale, distribution ...
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News briefs
Keen switches part of production in Thailand to face masks
Keen Footwear has converted a production line at one of its factories in Thailand to manufacture reusable and washable face masks. As part of its “Together we can help” campaign, the American outdoor footwear brand has donated 100,000 masks worldwide to people working in the retail industry. In Germany alone, ...
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News briefs
Munich reopens 5 Spanish stores
The Catalan footwear group Munich reopened five out of its 20 stores on May 11, as Spain partially lifted a nationwide lockdown. Munich closed its stores on March 14, when the government introduced a state of emergency to combat the Covid-19 pandemic. The stores are open from 11.00 am to ...
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News briefs
March shoe and clothing retail sales down 38.9% in Eurozone
Retail sales of clothing and footwear fell by 38.9 percent year-on-year in March across the Eurozone, according to the statistics office Eurostat, due to the widespread retail lockdowns across the region. The drop in total eurozone retail sales amounted to 11.2 percent, including a decline of 23.1 percent in the ...
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News briefs
JD’s takeover of Footasylum is blocked
After a more in-depth review of JD Sports Fashion’s acquisition last year of the Footasylum chain in the U.K., Britain’s Competition and Markets Authority (CMA) announced on May 6 its decision to block it, arguing that it would lead to a “substantial lessening of competition nationally,” with higher prices and ...
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News briefs
Leomil to launch a Baby Shark collection
Through a licensing deal arranged by the WildBrain CPLG agency, Leomil has established a partnership with Nickelodeon, the American television channel, and Pinkfong, the brand that produced Baby Shark, to launch a new Baby Shark-branded collection. The first products will be available for the back-to-school season in Europe and the ...
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News briefs
Schuhe.de appoints two new product managers
Schuhe.de, the ANWR group’s online platform for shoe retailers, appointed two new product managers. Arlett Ruhtz will from now on be responsible for marketing, communications and public relations. She was previously responsible for the conception, coordination and strategic development of communication with end consumers. She will also take care of ...
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News briefs
Micam scheduled for Sept. 20-23
The organizers of the Micam trade show are preparing the next edition to be held at the Rho exhibition hall, near Milan, on Sept. 20-23. The theme of the fair will be the second chapter in the #micamtales series, dedicated this year to Micam in Wonderland, The creative idea for ...
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News briefs
Wolverine issues $300 million in senior notes
Like other U.S. companies in our sector and others, Wolverine Worldwide is resorting to a bond offering to help raise more cash as security against the impact of Covid-19. The company announced on May 6 that it is offering $300 million worth of senior notes due in 2025 to repay ...
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News briefs
Allbirds introduces its first running shoe
Going in the same direction as Veja, the French brand of sustainable footwear that launched its firt running shoes at the Ispo show in Munich earlier this year, Allbirds, the brand that focuses on environment-friendly footwear, has released its first running shoe. The Tree Dasher is made with sugarcane, eucalyptus ...
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News briefsStandard & Poor’s downgrades Wolverine to ‘BB’
Wolverine Worldwide’s share buyback policy and the impact of Covid-19 have lifted its debt leverage, prompting Standard & Poor’s (S&P) to downgrade its credit rating. A further downgrade is possible if the company fails to reduce its leverage in 2021, said S&P. A few days later, on May 6, the ...
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News briefsTimberland releases 2019 CSR report
In 2019, Timberland, a VF Corp. brand, continued to push forward with its sustainability goals. For all cotton sourced by Timberland, including licenced apparel and accessories, Timberland increased its use of sustainably sourced cotton by 3 percentage points over the previous year to reach 77.5 percent. As for leather, 99.7 ...
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News briefsAdidas fell by 19% in Q1, sees Q2 down by over 40%
The Adidas Group reported a sharp drop in profit margins on a 19.2 percent decline in sales for the first quarter, due to the coronavirus outbreak, but warned that the second quarter will be worse. With more of its store base still closed at the time of of the release ...
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News briefs
ANWR Schuh appoints a new chief executive
Tobias Eichmeier was appointed joint chief executive of ANWR Schuh on May 1. He will be leading the German buying group shoe retailers together with Heike Discher. Eichmeier, 44, previously worked for Globetrotter, responsible for purchasing and the development of the German outdoor retail chain’s product range. Before that, he ...
