Latest News Briefs – Page 230
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News briefs
Santander U.K. is partnering with JD.com, one of China's largest...
Santander U.K. is partnering with JD.com, one of China's largest B2C e-tailers, to help British brands expand into China's retail and consumer market. The announcement comes after the signing of a Memorandum of Understanding in July 2016. The agreement will allow small and medium-sized business customers at Santander with turnover ...
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News briefs
Görtz is planning to open a flagship store in the...
Görtz is planning to open a flagship store in the center of Munich in May. Spanning over more than 2,500 square meters, it will take the place of the present Zara store on the Kaufinger Strasse, near Marienplatz. The Hamburg-based retailer reinforced its focus on the northern part of Germany ...
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News briefs
Wortmann says that 73 of its 300 franchised Tamaris stores...
Wortmann says that 73 of its 300 franchised Tamaris stores have adopted the new Tamaris 2.0 concept. That includes top locations in Vienna, Paris, Luxembourg, Nice, Athens and Moscow. The company quotes one of its biggest franchisees, Marc Timmermans, as being particularly satisfied with the new, more future-oriented format, which ...
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News briefs
The Nike group saw its sales rise by 5 percent...
The Nike group saw its sales rise by 5 percent to $8,554 million for the second quarter of its fiscal year, as a dip in North America was compensated for by an uptick in demand in other regional markets. The Nike brand's turnover alone reached $8,136 million, up by 5 ...
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News briefs
Crocs told investors at a recent conference that it performed...
Crocs told investors at a recent conference that it performed better than expected in the fourth quarter of 2017, thanks to a strong holiday season in the U.S. Sales reached a level of between $180 million and $190 million, with a gross margin of around 45 percent. However, the company ...
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News briefs
Genesco indicates that it achieved a sales increase of 10...
Genesco indicates that it achieved a sales increase of 10 percent on a comparable store basis during the fourth quarter ended on Jan. 4 at its Journeys chain of shoe shops in the U.S., thanks in part to a shift from canvas casual styles to retro athletics. Johnston & Murphy ...
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News briefs
Office posted revenues of £298.7 million (€336.7m-$402.2m) in the 53 weeks...
Office posted revenues of £298.7 million (€336.7m-$402.2m) in the 53 weeks to July 2, 2017, as compared to revenues of £387.8 million (€437.1m-$522.2m) in the prior 74-week period, extended after its sale to Truworths to match its financial year end. Despite the uncertainties in the U.K. trading environment, which are expected to ...
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News briefs
Global fashion sales are expected to continue to grow in...
Global fashion sales are expected to continue to grow in 2018. According to the report The State of Fashion 2018, released by McKinsey & Company, fashion sales will increase by between 3.5 and 4.5 percent in 2018, and by 4-5 percent in the luxury segment, to reach around €2.1 billion. ...
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News briefs
In spite of the ambitious goals set by the government...
In spite of the ambitious goals set by the government of Bangladesh for the sector over the next few years, which wants its output to grow by least 15 percent a year (Shoe Intelligence Vol. 19 N° 23+24 of Dec. 23), the country's total exports of leather and leather products ...
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News briefs
World Footwear notes that Belgium remains one of the main...
World Footwear notes that Belgium remains one of the main trading platforms for footwear in Europe. It produced only one million pairs in 2016, according to the World Footwear Handbook, but in the first half of 2017 it exported 133 million pairs of shoes worth €2.97 billion, up by 3.9 ...
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News briefs
Christian Louboutin has been awarded damages by the Delhi High...
Christian Louboutin has been awarded damages by the Delhi High Court in a case for infringement of trademark of its famous red sole by Kamal Family Footwear and Adra Steps, two dealers in women's footwear in Delhi. Louboutin had found Kamal and Adra Steps using its signature design “red sole” ...
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News briefs
In Italy, a new sanctioning regime is now in place...
In Italy, a new sanctioning regime is now in place against the violations concerning the labeling of the materials used in footwear and in the fibers for textile products. The law (published in Gazzetta Ufficiale no. 296 of Dec. 20, 2017), which is in effect from Jan 4, 2018, makes ...
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News briefs
The Russian government is pushing for the use of barcodes...
The Russian government is pushing for the use of barcodes on footwear, starting on June 1 with a voluntary test conducted by Zenden and other major Russian shoe retailers. An alternative project for the use of RFID chips has been dropped, at least for the time being. The use of ...
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News briefs
Representatives of employers and employees are at loggerheads over a...
Representatives of employers and employees are at loggerheads over a proposed increase in the minimum wage in Myanmar, one of the lowest-cost sourcing alternatives to China. Employers object that the proposed increase to $3.53 (€2.95) a day from March onwards is far too high, imposing a heavy burden that will ...
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News briefs
The Indonesian Footwear Association (Aprisindo) is urging the government to...
The Indonesian Footwear Association (Aprisindo) is urging the government to improve infrastructures and reduce taxes to make the local footwear industry more competitive and attract new investments. Projecting an increase of only 6 to 7 percent in the country's shoes exports in 2018, remaining below the 10 percent growth level ...
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News briefs
Marga Indra-Heide has left as the head of Modeurop, an...
Marga Indra-Heide has left as the head of Modeurop, an organization that belongs to the German shoe industry association, HDS/L, through its Deutsche Schuhinstitut. She has decided to continue to predict fashion trends and to provide advice to shoe designers and buyers through her own new company, the Fashion Trend ...
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News briefs
Move On, the Portuguese shoe company controlled by the Indian...
Move On, the Portuguese shoe company controlled by the Indian Tata group, is coming out with a new brand of comfortable men's and women's shoes, called Saydo, which stands for extreme light weight. Made in Portugal with the company's typical stitch & turn technology, it will be shown for the ...
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News briefs
Pony has announced a collaboration with Michael Michalsky, a well-known...
Pony has announced a collaboration with Michael Michalsky, a well-known German fashion designers who served many years ago as creative director of Adidas. The fruits of the collaboration will be shown at the Seek trade show during next month's Berlin Fashion Week. The presentation will coincide with the establishment of ...
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News briefs
Bruno Magli, the Italian luxury shoe brand, was one of...
Bruno Magli, the Italian luxury shoe brand, was one of the sponsors of this year's Beach Polo World Cup in Miami, the world's largest beach polo tournament, which was held on the sands of South Beach on Jan. 6-7. The event saw the participation of top polo players such as ...
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News briefs
Gallery Shoes, the new trade fair in Düsseldorf, is adding...
Gallery Shoes, the new trade fair in Düsseldorf, is adding yet another temporary hall at its venue in Areal Böhler to accommodate a growing list of exhibitors at its next edition on March 11-13. The show will showcase the collections of more than 500 brands. More than 30 of them ...
