Latest News Briefs – Page 65
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News briefs
Hoka launches a global campaign
Hoka, a division of Deckers Brands, has launched Murmuration, a global brand campaign spanning owned media, out-of-home, CTV, digital and paid social, running on Meta, Snapchat and TikTok. The campaign builds on the brand’s Fly Human Fly creative platform launched last year and is the brand’s most extensive global integrated ...
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Kurt Geiger obtains new funding for international expansion
Kurt Geiger has secured a new financial facility to refinance its debt and accelerate its international expansion. The package was provided by Wells Fargo Capital Finance UK and Blazehill Capital. Media reports indicate that the deal could be worth about £150 million (€170m). “The combined facilities will provide significant flexibility ...
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News briefs
Next increases full-year guidance after strong start to Q2
Next increased its full-year guidance after a strong start to its fiscal second quarter thanks to warmer weather and higher household incomes in the wake of annual salary increases. In the first seven weeks of the second quarter, full price sales were up by 9.3 percent year-over-year. Over the ...
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News briefs
Vibram and NNormal launch “Repairability Program”
Vibram and NNormal are launching a new partnership in the form of a joint repairability program. NNormal shoes will now be able to be repaired by Vibram cobblers around the world. Vibram has had a long-standing repair program, which it recently promoted via its “repair if you care” campaign. The ...
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News briefs
Mansèll’s FY sales rise 16.2%
Mansèll, the Italian brand specialized in leather shoes and accessories, expects to open its first monobrand early 2024 in Via della Spiga, in the heart of Milan’s fashion district. Eurasia, the company that owns the brand, also announced that 2022 sales rose by 16.2 percent to €16.5 million, with wholesale ...
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News briefs
Bottega Veneta opens a footwear factory
Bottega Veneta, the Italian luxury goods brand owned by the French conglomerate Kering, has launched a 5,450 square-meter facility specialized in the design, development and manufacturing of footwear. The site is located in the Italian town of Vigonza in the footwear cluster of Riviera del Brenta, in the Veneto region. ...
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News briefs
SAS renews its sneaker contract with U.S. military
San Antonio Shoemakers (SAS) has been awarded a three-year renewal contract with the Defense Logistics Agency (DLA) to produce specialized footwear for the basic training of U.S. military. The contract has a maximum value of $90,590,940. Under this contract, SAS will provide the U.S. Army, Navy, Air Force, Marine Corps ...
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News briefs
Metro Brands opens a store in Connaught Place, New Delhi
The Indian footwear retailer, Metro Brands, opened its 756th store in Connaught Place – one of the main financial, commercial and business centers in New Delhi. The 2,200 square-feet store will hold a wide range of footwear and accessories of the house brands Metro Shoes and DaVinchi as well ...
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News briefs
Careismatic Brands buys Bala Footwear
Careismatic Brands, a U.S. supplier of medical apparel, said that it has acquired Bala Footwear, a producer of footwear for nurses. No financial details were released. Bala Footwear was founded in 2020 in Portland, Oregon, by former Nike executives Brian Lockard and John Eberle, and former Under Armor executive Caprice ...
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News briefs
Fallen Footwear sues LIV for alleged trademark infringement
Fallen Footwear, a U.S. skateboarding shoe brand, filed a trademark infringement lawsuit against LIV Golf Inc. and Hy flyers GC, collectively referred to as LIV. The lawsuit alleges that LIV’s use of a mark that is nearly identical to Fallen’s registered trademark “Insignia” logo in connection with their apparel ...
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News briefs
Munich’s 2022 sales reach €74.3m
Munich, the Spanish brand of sneakers, increased 2022 sales by 40 percent to €74.3 million. The brand has 29 monobrand stores in Spain and plans to open two more in the coming weeks. It is also building up its collection of fashion footwear, whose sales rose by 35 percent in ...
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News briefsAldo in partnership with Brooks Brothers
Authentic Brands Group (ABG) and the Aldo Group entered into a partnership to launch an expanded assortment of men’s footwear and small leather goods for Brooks Brothers, which is part of ABG’s portfolio. Brooks Brothers’ new men’s collections will launch in stores in February 2024 and will be distributed ...
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News briefs
Expo Riva Schuh attracts over 1,300 exhibitors
The Expo Riva Schuh & Gardabags trade show scheduled from June 17 to 20 is sold out after having attracted more than 1,300 ”exhibitors, companies and brands” from 42 countries to display their spring/summer 2024 collections and winter restocking proposals, according to the organizers Riva del Garda Fierecongressi. The organizers ...
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News briefs
H&M Q2 sales ‘flattish’ in local currencies
H&M said that in the period from March 1 to May 31, corresponding to its second fiscal quarter, net sales came in at SEK 57.616 billion (€4.97bn), up by 6 percent year-over-year on a reported basis while in local currencies sales were “flattish”. “Sales in the second quarter were affected ...
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News briefs
European luxury retailers likely to suffer from lack of Chinese tourists
European retailers of luxury goods are likely to suffer from a lack of Chinese tourists this summer, according to Baader Bank. According to the analysts of the German bank, Chinese travel demand is surging domestically but the recovery in international travel is lagging, due to slow visa processing and the ...
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News briefs
Moscow footwear output up 58% in Q1
The production of footwear in Moscow surged by 58 percent year-on-year in the first quarter of 2023 to 435,000 pairs, according the mayor of the Russian capital, Sergei Sobyanin. Meanwhile, the production of clothing increased by 94.6 percent, he added. Russian companies have been benefitting from the exit of Western ...
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News briefs
Covid-19 disruption cost U.S. apparel, footwear industry $9-17bn in 2022
Supply disruptions caused by the Covid-19 pandemic cost the U.S. apparel and footwear sectors, which are heavily dependent on foreign supply chains, between $9 billion and $17 billion in 2022, according to the ”Recent Trends in U.S. Services Trade: 2023 Annual Report” released by the U.S. International Trade Commission.
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News briefs
Rene Caovilla sees 2023 sales up at least 15%
The Italian luxury footwear maker Rene Caovilla expects sales to rise by at least 15 percent this year after growing about 50 percent in 2022. In an interview with the daily Corriere della Sera, the chairman and creative director, René Fernando Caovilla, who took over the company created by his ...
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News briefs
Record Brazilian presence at Expo Riva Schuh
With 69 brands, Brazil will have a record presence at the Expo Riva Schuh & Gardabags trade show scheduled from June 17 to 20 in the Italian town of Riva del Garda. The brands are supported by Brazilian Footwear, a program to promote footwear exports managed by the Brazilian footwear ...
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News briefs
Yue Yuen’s industrial utilization rate is improving
Yue Yuen’s facility utilization rate is estimated to have improved based on the company’s monthly sales figures, according to the analysts of the U.S. bank Citi. In May, the company’s operating revenues fell by 7.5 percent year-over-year to $701.0 million after declining by 8.2 percent to $684.6 million in April. ...
