Latest News Briefs – Page 67
-
News briefs
Nike appoints new Converse CEO
Nike has announced a new president and CEO for Converse. Jared Carver succeeded Scott Uzzell on June 1. Carver reports to John Donahoe, president and CEO of Nike, Inc. Uzzell has transitioned to a new role as vice president and general manager, North America for Nike. Carver brings to the ...
-
News briefs
Jihua 3515 inaugurates a footwear research center
Jihua 3515, a footwear manufacturer based in the city of Luohe, in China’s Henan province, inaugurated a footwear research center on May 30. Founded in 1951, Jihua 3515 specializes in safety and work footwear, sports and outdoor shoes as well as formal styles. It has an annual capacity of more ...
-
News briefs
Clarks appoints Martine Rose as guest creative director
Clarks has appointed Martine Rose as its first-ever guest creative director. She has designed three pairs of shoes for the British brand that will be available from March 2024. Rose, 42, is a British-Jamaican menswear designer and founder of the Martine Rose label. In 2018, she released a collaboration with ...
-
News briefs
Arezzo opens its first Simples store
Reserva, a clothing brand of the Arezzo & Co group, opened the first store of its basic clothing range Simples at Barra Shopping – a mall in Rio de Janeiro. The opening comes eight months after Simples’ launch. The brokerage XP Investimentos noted that Simples has increased its product range ...
-
News briefs
Golden Goose's Q1 sales up by 20%
Golden Goose’s first-quarter revenues totalled €133.3 million, up by 20 percent year-on-year and by 66 percent compared with 2021. The Italian sneaker brand said that growth was driven by ongoing investments and the expansion of its retail network. Direct-to-consumer sales totalled 67 percent of the brand’s sales. Sales were up ...
-
News briefs
Autry’s FY sales up by 200%
The sneaker brand Autry increased its 2022 sales by 200 percent to €90 million from €30 million in 2021, as Ebitda grew to €27 million from €9 million. Autry was founded in 1982 in Dallas, Texas, by Jim Autry, but it largely went into hibernation for decades following Autry’s death. ...
-
News briefs
Clergerie’s future owner to be chosen on June 14
A Paris-based commercial court is scheduled to decide on June 14 who will take over Maison Clergerie. The French maker of luxury footwear was placed into receivership on March 29 after failing to reach an arrangement between shareholders and creditors. The company, which is based in Romans-sur-Isère in the Drôme ...
-
News briefs
Timberland has a new sales structure for northern Europe
Under the leadership of Alwin van Dijk as sales director, Germany, Austria, Switzerland, Scandinavia and Benelux now form the new sales region Central/North at Timberland. This step creates new synergies and competencies within the team to meet the changing market conditions and further push the qualitative growth in the region ...
-
News briefs
Laced raises $12m in funding round
The U.K.-based sneaker resale platform Laced has secured $12 million in Series A funding and unveiled its new visual identity. The e-commerce site features the latest collections from several well-known brands, including Nike, Jordan, Adidas and New Balance. Founded in London in 2018, Laced facilitates the sale of sneakers between ...
-
News briefs
FitFlop signs on new distributors for its international expansion
Shortly after receiving a new $30 million, five-year revolving credit facility from the independent lender Aurelius Finance Company to support its long-term growth ambitions, London-based footwear company FitFlop announced that it has secured several new global distribution partners to support its expand internationally. Albion 1897 will distribute the brand in ...
-
News briefs
Germany entered into recession in Q1
In the first quarter of 2023, German gross domestic product fell by 0.3 percent on the previous quarter on a price, seasonally and calendar adjusted basis according to the statistics office Destatis. The reading is 0.3 percentage points lower than in the preliminary estimate released on April 28. “After GDP ...
-
News briefs
Wolverine looking for new Saucony brand president
Anne Cavassa, who joined Saucony as the brand’s first woman president in May 2018 after more than 20 years working for the likes of Brooks Running, Timberland, Nike, and Reebok, recently left Wolverine Worldwide. Senior company executives disclosed her departure during the conference call on first-quarter earnings. In the quarter, ...
-
News briefs
The number of stores declined in the Netherlands during 2022
On Jan. 1, 2023, there were 82,100 physical stores in the Netherlands, according to the Dutch Retail Association of Sporting Goods Suppliers (FGHS). That’s 1,600 fewer stores than a year earlier. This is the steepest decline since the outbreak of the Covid 19 pandemic, according to preliminary figures from the ...
-
News briefs
Asos may have to focus on cash preservation
Asos may have to focus on preserving its cash this year rather than investing to bolster growth, according to the U.S. bank Citi. It believes that the British online fashion retailer could suspend most of its capital expenditure in automation while continuing to rationalize its inventory position and controling ...
-
News briefs
Kanye West files trademark for “YZY sock shoes”
Kanye West has filed an application for “YZY sock shoes” via its holding company, Mascott Holdings, TMZ has first reported. Mascotte Holdings, Inc. was formed in June 2004 by West and agent Andre Bodiford. The new trademark application, filed on May 4 to the United States Patent and Trademark Office ...
-
News briefs
Pou Chen lays off over 5,700 workers in Vietnam
Taiwan-based Pou Chen Corporation, parent company of Yue Yuen and supplier to major Western sporting goods firms such as Nike, Adidas and Reebok, announced further layoffs of more than 5,700 workers at Pouyuen Vietnam Co. in Ho Chi Minh City between June 24 and July 8, according to media reports. ...
-
News briefs
Pollini Q1 sales up by over 23%
Pollini, the luxury footwear brand owned by the Italian fashion house Aeffe, posted sales of €10.4 million in the first quarter of 2023, up by a reported 23.1 percent from a year earlier. Meanwhile, Aeffe booked revenues of €93.2 million during the period, down by 8.2 percent on the year ...
-
News briefs
Sergio Rossi names Paul Kotrba interim CEO
Sergio Rossi, the Italian luxury footwear brand owned by Lanvin Group, has named Paul Kotrba interim chief executive officer, replacing Riccardo Sciutto. Kotrba was chief operating officer at Wolford, which is also controlled by Lanvin Group. Sciutto joined Sergio Rossi in April 2016 from Hogan, the luxury sneaker brand owned ...
-
News briefs
Kizik opens its first store
Kizik, a U.S. brand specializing in slip-on shoes based in Lindon, Utah, is opening its first ever brick-and-mortar store near Salt Lake City on May 19. The 1,293 square foot store is located at Fashion Place Mall and was designed by MG2/The Lionesque Group. The store will offer Kizik’s full ...
-
News briefs
Smuggling from Kazakhstan is affecting the Russia footwear industry
Counterfeit footwear smuggled from Kazakhstan is inflicting a lot of pain on the Russian footwear industry, according to Vladimir Denisenko, head of Russia’s major footwear manufacturer Unichel. Law enforcement agencies are trying to stem contraband, but as Russia and Kazakhstan are both members of the Eurasia Economic Union and share ...
