Latest News Briefs – Page 18
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News briefs
China footwear exports drop in volume and value in 2024
China exported 9.2 billion pairs of shoes in 2024, up by 3.3 percent year-over-year. But in value, exports were down by 4.9 percent to $46.9 billion, according to data released by the China Leather Industry Association (CLIA). Chinese imports of footwear in 2024 grew by 7.5 percent to 200 million ...
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Sports Gear opens a factory in Portugal
Sports Gear, a Taiwanese group specializing in sports footwear and supplying major brands such as Adidas, Nike and Puma, has invested €15.3 million in a factory in the Portuguese town of Estarreja, the Portuguese daily Diário de Notícias reported. Inaugurated on March 7, the factory currently employs 20 workers, but ...
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ILM announces dates for 2026
The 163rd edition of ILM, the international leather goods fair held in Offenbach am Main, near Frankfurt, is scheduled to take place from Feb. 7 to Feb. 9, 2026, the organizer of the event, Messe Offenbach, announced. The dates were deliberately chosen to coincide with the Ambiente consumer ...
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Zegna’s full-year net profit slips on higher tax rate
Ermenegildo Zegna posted a net profit of €90.9 million in 2024, down from €135.7 million the year earlier, in part due to the group’s effective tax rate returning to a more standard level of 30 percent from 20 percent in the previous year. The gross margin increased to 66.6 percent ...
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Altofare reportedly to renegotiate its debt
Altofare, an Italian supplier of components to the luxury goods industry, including footwear, is preparing to renegotiate its debt with creditors, according to the news agency Bloomberg. The group has hired the consultancy KPMG and the law firm Chiomenti for advice on its debt, Bloomberg reported, citing people familiar with ...
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Foot Locker has a new President
Foot Locker has announced that Franklin R. Bracken, Executive Vice President and Chief Commercial Officer, has been named President, effective immediately. Bracken will continue reporting to Mary Dillon, the group’s Chief Executive Officer. As President, Bracken will work alongside Dillon to accelerate the execution of the Lace Up Plan, the ...
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Decathlon has a new CEO
Javier López has replaced Barbara Martin Coppola as the CEO of Decathlon. López has been with the company for 26 years and held numerous positions in digital, logistics and retail. He headed Decathlon Germany from 2012 to 2015, served as CEO of Decathlon Spain from 2015 to 2022 and became ...
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German consumer confidence improves slightly after the general election
Germany’s consumer climate is expected to improve to -24.5 points in April from -24.6 in March, according to a preliminary estimate by the GfK Consumer Climate powered by NIM, which is published jointly by GfK and the Nuremberg Institute for Market Decisions (NIM). It was the first survey after the ...
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Peter Kaiser opens outlet in Pirmasens
The women’s footwear brand Peter Kaiser has opened its new outlet in Pirmasens, in the Rhineland-Palatinate region of Germany, on the occasion of an open day at Caprice Schuhproduktion earlier this month. More than 1,000 visitors attended the event, according to Caprice. They were offered an insight into the footwear ...
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Otto Group appoints a new CEO
The German mail order company Otto, owner of the Freemans, About You, Bonprix and Evri businesses, has appointed a new Chief Executive Officer. The Chief Financial Officer, Petra Scharner-Wolff, was promoted to the role as Alexander Birken leaves the board after more than eight years as CEO to become Chairman ...
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H.H. Brown launches the brand Align
H.H. Brown launched its newest brand, Align, whose collection ranges from sneakers and lace-ups to loafers and oxfords. The shoes include a premium dual-density footbed for optimal support, weatherproof leathers and sealed-seam construction for added durability, and slip-resistant outsoles for improved grip, the US footwear group said. Align’s spring/summer 2025 ...
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News briefs
Shoe Carnival hikes its dividend
Shoe Carnival increased its quarterly dividend by 11.1 percent to $0.15 per share, bringing the annualized dividend rate to $0.60 per share. The quarterly cash dividend will be paid on April 21 to shareholders of record as of the close of business on April 7. “This marks our 52nd consecutive ...
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News briefs
Asos’ key shareholders hike their stakes
Bestseller, owned by Danish billionaire Anders Holch Povlsen, increased its stake in Asos to 28.0 percent from 27.1 percent on March 17 through its subsidiary Aktieselskabet, according to bourse filing released by the London Stock Exchange on March 19. Meanwhile, on March 19, Frasers Group hiked its stake in the ...
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News briefs
Snipes appoints a new CMO in the US
Snipes has appointed Kelley Walton as its Chief Marketing Officer (CMO) for the US. In that role, Walton will hold full strategic authority and budget responsibility for all marketing activities at Snipes in the US, overseeing everything from brand positioning to consumer engagement and market growth. She will also ...
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News briefs
Pakistan footwear exports up over 15% in 8 months to February
Pakistan’s footwear exports rose by 15.48 percent to $126.4 million between July and February, corresponding to the first eight months of the country’s fiscal year, from $109.5 million a year earlier, according to the Pakistan Bureau of Statistics. Leather footwear exports rose by 14.94 percent to $98.12 million in the ...
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News briefs
Tempe's earnings surge by 44%
In fiscal 2024, Tempe increased its revenues by 7 percent to €1,614 million, while net profits grew by 44 percent to €205 million. Founded in 1989, Tempe is 50 percent owned by Inditex. The remainder of the capital is in the hands of Promociones Azarbe, the holding company of the ...
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Tamaris launches men’s shoe collection
Tamaris, a brand of the German footwear manufacturer and distributor Wortmann Group, has launched its first men’s shoe collection. Under the new sub-brand TMRS Men, the women’s shoe brand is leveraging its brand awareness and expanding into an untapped segment. TMRS Men debuts with the spring/summer 2025 season in selected ...
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News briefs
Sneakersnstuff is back on track
Reziprok, the new owner of Sneakersnstuff, also referred to as SNS, has appointed Erik Manzano Fagerlind as the new CEO of the Swedish sneaker retailer. Manzano Fagerlind is a co-founder of SNS. On Jan. 20, after 25 years in the retail spotlight, SNS filed for bankruptcy at the Swedish Companies ...
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News briefs
Asos sees H1 revenues in line, adjusted Ebitda ahead of consensus
Asos expects first-half revenue growth to be in line with market consensus and adjusted Ebitda ahead of expectations. The company-compiled consensus for the first half based on nine contributors indicates total sales growth at constant exchange rates of down 13 percent, adjusted Ebitda of £34 million (€41m) and an adjusted ...
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News briefs
French footwear sales down by 1.8% in February
In February, French footwear retail sales fell by a seasonally and working-day adjusted 1.8 percent month-on-month, according to the Bank of France. Overall, French retail sales grew by a seasonally and working-day adjusted 0.5 percent month-on-month, after falling 0.1 percent in January. Food sales rose by 1.4 percent after falling ...
