Latest News Briefs – Page 22
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News briefs
Cambodia’s footwear exports up 23% in 2024
In 2024, Cambodia’s footwear exports rose by 23 percent to $1.68 billion, according to the Ministry of Commerce. Exports of garments, footwear and travel goods also grew by 23 percent to $13.92 billion. Garment exports increased by 24 percent to $9.79 billion and travel goods exports surged by 19.6 percent ...
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News briefs
Global footwear market expected to grow 4.2% a year to 2029
The global footwear market is expected to grow by a compound annual growth rate of 4.2 percent between 2025 and 2029, according to the research institute Technavio. Over the period, the size of the market is expected to increase by $103.6 billion, with the Asia-Pacific region contributing to 47 percent ...
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News briefs
OrthoLite India appoints a Commercial Director
The US-based insole specialist OrthoLite has appointed Pankaj Kumar as Commercial Director for OrthoLite India (OIN). In this role, Kumar will oversee commercial operations, enhance partnerships with global brand manufacturers in India and drive the company’s growth in the region. With over 27 years of experience, Kumar has an extensive ...
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News briefs
LVMH’s sales improve in Q4
LVMH’s fashion and leather goods division posted revenues of €41.060 billion in 2024, down by a reported 3 percent year-over-year and down by 1 percent organically. In the sole third quarter, organic sales dropped by 1 percent compared with a 5 percent decline in the third quarter. Profit from recurring ...
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News briefs
German GDP forecast up 0.3% this year
The German government has cut its GDP growth forecast for the country. It now expects GDP to grow by 0.3 percent in 2025 compared with a previous estimate of 1.1 percent. The German economy is a “situation of stagnation” since 2018, according to the Economy Minister Robert Habeck. In the ...
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News briefsSuperga celebrates the 100th birthday of its iconic canvas shoe
Superga is launching the 2750 Made in Italy, a new chapter to celebrate the history of its iconic 2750 canvas shoe. The brand, which has been part of the BasicNet portfolio since 2007, presented the limited edition at Pitti Uomo 107 in Florence earlier this month. The design of the ...
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News briefs
Zegna’s full-year revenues rise slightly
Ermenegildo Zegna’s 2024 revenues rose by 2.2 percent to €1.946 billion. Organic growth stood at 1.9 percent. Fourth-quarter revenues grew by 3.3 percent to €589 million, with organic growth of 2.9 percent. In the full year, sales in Europe, the Middle East and Africa (EMEA) rose by €680.3 million, with ...
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News briefs
ANWR Schuh’s Managing Director Helmut Wies retires
ANWR Schuh’s Managing Director, Helmut Wies, has stepped down, as previously announced, after four years at the helm of the footwear business of ANWR and 17 years with the German buying group. His successors, Astrid Heinze and Patrick Gottesleben, joined the company on Sept. 1 and worked initially alongside Wies ...
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News briefs
Skechers opens its first Skechers Performance store
Skechers opened its first Skechers Performance store in the world at the West Edmonton Mall in Canada. The more than 7,500-square-foot store is “an experiential retail space, complete with half-courts and the brand’s extensive offering including its renowned basketball, running, golf, soccer and pickleball technologies,” the US brand explained. The ...
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News briefs
Munro closes down
Munro & Company, Inc, a US footwear company based in Hot Springs, Arkansas, announced that it is closing down. “With heavy hearts, we are sad to announce that after 52 years of designing, developing and manufacturing high quality size and width footwear, Munro will cease operations in early 2025,” the ...
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News briefs
French footwear imports and exports down 1%
In the first 11 months of 2024, French imports of footwear fell by 1 percent year-on-year to €7,436.0 million, while exports declined by the same percentage to €5,017.8 million, according to data released by Alliance France Cuir, which represents 21 trade associations of the French leather supply chain from breeding ...
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News briefs
OrthoLite appoints Bo Grabowski as Country Manager for Indonesia
OrthoLite, a global leader in high-performance comfort footwear solutions, has announced the appointment of Bo Grabowski as Country Manager for OrthoLite Indonesia (OID). Grabowski will oversee all operations at OID, including manufacturing, business development and strategic partnerships with brands and Tier 1 factory partners. “Bo’s expertise and leadership will be ...
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News briefs
Birkenstock names a new CFO
Birkenstock Holding has appointed Ivica Krolo as Chief Financial Officer of the group, effective Feb. 1, 2025. He will succeed Erik Massmann, who will step down from his duties as of Jan. 31. Krolo joins Birkenstock from EMH Partners, an investment firm that focuses on owner-managed technology companies, where he ...
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News briefs
French footwear sales down by 2.7% in December
In December, French footwear retail sales fell by a seasonally and working-day adjusted 2.7 percent month-on-month, according to the Bank of France. Overall, French retail sales were down 0.6 percent month-on-month after a decrease of 0.1 percent in November. Manufactured goods sales were down by 1.0 percent, after remaining stable ...
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News briefs
Mustang transfers shoe license to Supremo
The German denim brand Mustang inked a licensing deal with the German shoe company Supremo for the distribution of Mustang’s footwear, after more than 20 years of collaboration with the shoe supplier Tendenza and its distribution partner 2Go. As of July 1, Supremo will take over responsibility as the ...
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News briefs
Görtz to vacate two stores in Hamburg due to rent arrears
The troubled Hamburg-based shoe retailer Görtz has to vacate two of its stores in Hamburg after it failed to pay rent, the Hamburg District Court ruled. The stores affected are located in the City Center Bergedorf and Alstertal shopping centers. Görtz Retail GmbH owes its landlords a combined total of ...
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News briefs
Baur closes logistics hub in Upper Franconia
The logistics company BFS Baur Fulfillment Solutions is closing its logistics facility in Weismain, in the Upper Franconia area of Bavaria, as one of its most important customers, s.Oliver, terminates its collaboration with BFS in April 2025. According to Baur, efforts to find an economically viable and sustainable alternative solution ...
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News briefs
2Go Shoe Company acquires the Lerros shoe license
2Go Shoe Company, the German shoe manufacturer based in Westerheim near Ulm, has entered a partnership with the Düsseldorf-based menswear retailer Lerros and is taking over the license for the production and distribution of Lerros-branded shoes. With the agreement with 2Go, Lerros is expanding its portfolio to include shoes and ...
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News briefs
Legero United expands its top management team
The Austrian shoe manufacturer Legero United, owner of the Superfit, Legero and Think! brands, is expanding its executive board. As the group prepares for a generational turnover in its management, Florian Fuchs, the nephew of the owner, Stefan Stolitzka, took over responsibility for sales, marketing, human resources and finance as ...
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News briefs
Caleres cuts its guidance after holiday sales disappoint
Caleres cut its sales and earnings guidance for fiscal year 2024 after reporting disappointing sales in the holiday season and into January, partially due to weather-related closures at some of its Famous Footwear stores. The US company is now expecting a 3.0 to 3.5 percent decline in full-year sales compared ...
