Latest News Briefs – Page 70
-
News briefs
Hermès sales up by 22% in Q1
Hermes’ first-quarter revenue reached €3,380 million, up by a reported 22 percent and by 23 percent at constant currency rates, with growth in all geographical areas and across all the business lines. The leather goods and saddlery division booked sales of €1,409 million, up by a reported 18 percent and ...
-
News briefs
La Sportiva's sales up by 30% in 2022
La Sportiva’s sales increased by 30 percent year-over-year to €216 million in 2022. International sales accounted for 80 percent of the company’s revenues. Sales in both Europe and the U.S. grew by double-digit rates, driven by the rising interest in outdoor activities. Founded in 1928 by Narciso Delladio, is still ...
-
News briefs
IMAC’s FY sales rise to €217m
IMAC, the Italian footwear company that owns the brands Igi&Co, Primigi, IMAC and Enval Soft, posted sales of €217 million in 2022, up by 10 percent from a year earlier. The group achieved 55 percent of its revenues in Italy. Sales by brand stood at €88 million for Primigi, €63 ...
-
News briefs
LVMH Q1 sales up by 18%
LVMH saw organic and reported sales of its fashion and leather goods division rise by 18 percent year-over-year in the first quarter to €10.728 billion. Sales for the whole French luxury-goods conglomerate were up by 17 percent to €21.035 billion. Europe and Japan, which enjoyed strong growth momentum, benefited from ...
-
News briefs
Bata India hires a new CFO
Bata India announced that on April 3 Anil Somani started as chief financial officer. He joins the footwear company from Reliance Digital Retail, where Somani was CFO for nearly six years. Previously, Somani was CFO at Infiniti Retail, a provider of technology products, services and solutions part of the Tata ...
-
News briefs
Twitter 2023 revenues seen down 28% after Elon Musk's takeover
The revenues of Twitter are expected to decline by 28 percent to $2.98 billion in 2023 from $4.14 billion in 2022 as some advertisers shun the U.S. social media after its takeover by the businessman Elon Musk, according to the research firm Insider Intelligence. “The biggest problem with Twitter’s ad ...
-
News briefs
Global custom footwear market seen up nearly 6% over coming years
The global custom shoes market was worth $703 million in 2022 and is projected to reach $1,213 million by 2032, growing by a compound annual growth rate (CAGR) of 5.8 percent, according to a research by Market.Us. In 2022, the market for custom shoes was dominated by men, which represented ...
-
News briefs
Indonesian footwear exports may fall 40% in 2023
Indonesia’s footwear exports are forecast to drop between by about 40 percent in 2023 to $4.64 billion from $7.74 billion in 2022, according to the Indonesian footwear association Aprisindo. Last year, export rose by 25.15 percent, after increasing by 28.76 percent in 2021 and 8.96 percent in 2020. But, ...
-
News briefs
Zegna posts a full-year profit
The Italian fashion group Ermenegildo Zegna posted a net profit of €65.3 million in 2022 compared with a loss of €127.7 million in 2021 as revenues rose by 15.5 percent to €1,493 million. Last year’s loss was caused by costs incurred to merge with Investindustrial Acquisition Corp, a special purpose ...
-
News briefs
Asos appoints two non-executive directors
Asos has appointed Natasja Laheij and Jose Manuel Martinéz Gutiérrez as independent non-executive directors to its board as of April 11, 2023. Laheij has more than 25 years of experience in international commercial & financial management, e-commerce, tech, consumer electronics, telco and retail in B2C and B2B environments through her ...
-
News briefs
Clarks's U.K., European head steps down
Clarks’s managing director for the U.K., Ireland, the rest of Europe, the Middle East and Africa, Joe Ulloa, has stepped down. Ulloa joined the British footwear group in 2017 as retail and franchise director for the U.K. and Europe. He was promoted managing director of the U.K. and Ireland in ...
-
News briefs
Shoe City sells 39 stores after failed acquisition by Arklyz
After 70 years in business, Shoe City filed for Chapter 11 reorganization on March 31, and the bankruptcy court authorized going-out-of-business (GOB) sales. The news comes after the failed acquisition of the Baltimore-based retail chain by the Swiss retail group Arklyz. In the summer of 2022, Arklyz, the owner of ...
-
News briefs
Crocs expands partnership with designer Salehe Bembury
Crocs and industrial designer Salehe Bembury announced a two-year partnership in which the visionary designer will serve the brand as creative director of the Crocs x Pollex Pod collection. He will work with the team to further develop his signature Crocs Pollex design and incorporate new silhouettes and colorways into ...
-
News briefsAmazon destroyed over 6m counterfeit items in 2022
Amazon claims that it destroyed over 6 million counterfeit goods in 2022 compared with some 3 million in 2021 and about 2 million in 2020. “Our efforts to identify and dismantle counterfeit organizations are working and making a positive impact. In 2022, Amazon’s Counterfeit Crimes Unit sued or referred for ...
-
News briefs
Adidas x Gucci returns with new sneakers for spring/summer
The Adidas x Gucci collection, which first launched in 2022, is back in spring/summer 2023 with a series of new sneakers that celebrate the legacies of both labels. Alongside the return of the Adidas x Gucci Gazelle, this season marks the arrival of a new take on the ZX8000, one ...
-
News briefs
FitFlop obtains new $30m long-term revolving credit facility
London-based Aurelius Finance Company announced that it has provided FitFlop, a footwear company also based in London, with a new $30 million five-year revolving credit facility to support the company’s long-term growth objectives. Aurelius Finance Company, a member of the Aurelius Group, is an independent secured lender providing asset-based financing ...
-
News briefs
Clergerie placed into receivership
On March 29, a Paris-based commercial tribunal placed Maison Clergerie into receivership after failing to reach an arrangement between shareholders and creditors. The French maker of luxury footwear, which is based in Romans-sur-Isère, in the Drôme department, has been loss-making for several years, according to its interim manager, Dominique Bernard, ...
-
News briefs
Zalando plans to reduce its brand portfolio
Zalando is planning to scale down its global brand assortment in order to increase the relevance of its assortment. “In the beginning, Zalando was all about unlimited choice. This was a bold vision. And for a long time, this assortment span was one of our strongest selling points and exactly ...
-
News briefs
Boot Barn's COO retires
Boot Barn Holdings said that Gregory V. Hackman, its executive vice president and chief operating officer, plans to retire later this year. He will continue with the U.S. footwear retailer until his retirement date, currently estimated for June, and transition his responsibilities to other executives. Hackman has been Boot Barn’s ...
-
News briefs
Boohoo appoints a new deputy chairman
Boohoo has appointed Alistair McGeorge as a non executive director. He will succeed Brian Small as the deputy chairman of the British online fashion retailer from March 31. McGeorge will also act as interim chair of the audit committee until the search for an additional non-executive director to fulfill the ...
