Latest News Briefs – Page 194
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News briefs
Amazon has faced a backlash in India after sneakers, yoga...
Amazon has faced a backlash in India after sneakers, yoga mats, rugs and other items emblazoned with images of Hindu gods, or other sacred Hindu symbols, were spotted on the retailer's U.S. e-commerce site. A large number of Twitter users backed a call for a boycott, making #BoycottAmazon India's top ...
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24 Sèvres, the e-commerce site owned by LVMH, has shortened...
24 Sèvres, the e-commerce site owned by LVMH, has shortened its name into “24S.” The site was previously named after Paris' rue de Sèvres, where Le Bon Marché, LVMH's high-end department store, is located. The website was launched two years ago. It sells around 150 brands of clothing, accessories and ...
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News briefs
Eram and one of its retail banners, Texto, are testing...
Eram and one of its retail banners, Texto, are testing a “bi-store” format selling items of both brands, according to reports in fashionnetwork.com. A pilot dual-branded store, located in Avranches, was inaugurated in April. Starting in the autumn/winter 2019/20 season, the 230 stores of the Eram retail network will be ...
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A new site to showcase France's shoe manufacturing and design...
A new site to showcase France's shoe manufacturing and design tradition has been inaugurated in Romans-sur-Isère, in southeastern France. “La Cité de la Chaussure” (French for “Shoe City”) is a €3.3 million privately funded project gathering together start-ups and artisans, who can produce and sell their creations in the same ...
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News briefs
Kurt Geiger is planning to open its first store in...
Kurt Geiger is planning to open its first store in India this autumn through a partnership with Genesis Luxury. Under the terms of the agreement, Genesis Luxury has acquired the exclusive distribution rights to Kurt Geiger in the country. Genesis Luxury, a division of Reliance Brands, already brings to India ...
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Tax-free sales to Middle Eastern customers in Milan's Montenapoleone district,...
Tax-free sales to Middle Eastern customers in Milan's Montenapoleone district, the high-end shopping area in town, jumped by 56 percent in the first quarter of 2019. According to recent data from Global Blue, the average spent also increased significantly, with a 19 percent rise versus the same period in 2018. ...
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Gore-Tex recently opened a pop-up store at a German shoe...
Gore-Tex recently opened a pop-up store at a German shoe retail store called Schuh Reindl. The pop-up store, covering 40 square meters, is located in Rosenheim. It's the company's first pop-up store in Germany. There, consumers can test sneakers, casual shoes, trekking shoes and running shoes made with Gore-Tex fabrics. ...
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News briefs
StockX, the U.S.-based sneaker resale platform, has begun to operate...
StockX, the U.S.-based sneaker resale platform, has begun to operate in Germany by taking part in conferences and other events. Its first European launch, in October of last year, was in the U.K., with Italy and France coming next. StockX' shoes, whose quality is certified in London, are already sold ...
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News briefs
Le Coq Sportif and Opium, a dedicated sneaker shop in...
Le Coq Sportif and Opium, a dedicated sneaker shop in the dead center of Paris, have collaborated on a limited-edition sneaker. Based on the Freestyle, a mountain-bike shoe from Le Coq's back catalogue, the LCS R1000 was designed in part by – and exists in tribute to – the three ...
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News briefs
In constant currencies, Vans' sales grew by 26 percent in...
In constant currencies, Vans' sales grew by 26 percent in VF Corporation's financial year, ended on March 31, while Timberland was up by only 2 percent. Vans' growth slowed down to 18 percent in the fourth quarter, lifted by a 21 percent increase in the U.S., but its digital sales ...
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Aeffe's revenues from footwear and leathergoods rose by 4 percent...
Aeffe's revenues from footwear and leathergoods rose by 4 percent in the first quarter of this year to €33.3 million, and the division's adjusted Ebitda margin grew to 17.9 percent from 17.4 percent. The Italian fashion group, which owns Pollini and other brands, raised its overall sales by 7.4 percent ...
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News briefs
German shoe retailers experienced a 5 percent sales increase year-on-year...
German shoe retailers experienced a 5 percent sales increase year-on-year in March, leading to an 11 percent sales increase for the first three months. On the other hand, their sales had declined by 12 percent in the same period of 2018.
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News briefs
Liu Jo, the women's apparel brand headquartered in Carpi, Italy,...
Liu Jo, the women's apparel brand headquartered in Carpi, Italy, expects its shoe division to generate revenues €34 million in 2019, up from €24 million in 2018, with sales of one million pairs of shoes. Liu Jo's shoe line was launched in 2016 through Eli, a new joint venture created ...
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News briefs
The German shoe retailing market is increasingly consolidating. Between 2010...
The German shoe retailing market is increasingly consolidating. Between 2010 and 2017, the number of retail companies operating in the sector shrank from 7,250 to around 3,800, according to data published by the Federal Statistical Office. However, the decline did not have a significant impact on the number of individual ...
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An estimated 37 percent of Russian customers haven't enough money...
An estimated 37 percent of Russian customers haven't enough money to purchase shoes in the quantities that they actually require, according to research conducted in April by the Russian Central Bank, which said that this was due to a gradual decline in the real incomes of the Russian population. A ...
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Italy's powerful shoe industry association, Assocalzaturifici, designated Siro Badon as...
Italy's powerful shoe industry association, Assocalzaturifici, designated Siro Badon as its new president for the next four years at a meeting after last month's World Footwear Congress in Naples. He was the only candidate for the job, replacing Annarita Pilotti of Loriblu from the Marche region. Badon is the president ...
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News briefs
Régis Feuillet has been elected as the new president of...
Régis Feuillet has been elected as the new president of the French Shoe Industry Federation (FFC), replacing Claude-Eric Paquin. He is the managing director of Richard Pontvert, the French company that manufactures and sells the Paraboot line of shoes, using its own recently modernized factory in France. He joined the ...
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Two Spanish labor unions, UGT Fica and CCOO Industria, have...
Two Spanish labor unions, UGT Fica and CCOO Industria, have come to a preliminary consent with Fice, the Spanish shoe industry federation, for a new, three-year collective bargaining agreement to cover Spain's footwear industry. Among other points, the parties have agreed to annual wage raises of 2 percent, payroll disbursement in ...
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At his recent meeting in Paris, Modeurop honored MD Sadiq...
At his recent meeting in Paris, Modeurop honored MD Sadiq of India's Central Leather Research Institute for 25 years of steady collaboration in its color meetings, giving the 54-year-old manager a special cup. As at its previous sessions, Sadiq supplied more than 500 samples of leather in different colors from ...
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News briefs
Kering reached a settlement with the Italian tax authorities totaling...
Kering reached a settlement with the Italian tax authorities totaling €1.25 billion, the highest ever agreed by a corporation in Italy and a little lower than what had been expected. The dispute concerned profits and transfer prices applied between 2011 and 2017 by the group's Swiss subsidiary, Luxury Goods International, ...
