Latest News Briefs – Page 71
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News briefs
U.K. completes talks to join CPTPP
The British government said that it has “substantially” concluded negotiations on the U.K.’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a free trade agreement including 11 members: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. The U.K. applied to join CPTPP ...
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News briefs
Ralf Ringer to stop selling footwear through third-party stores
Ralf Ringer plans to stop selling shoes through third-party multi-brand stores. The move is part of a new strategy under which the Russian footwear manufacturer and retailer intends to increasingly focus on developing its own stores and franchises. The company claims that multi-brand stores in Russia are massively moving towards ...
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News briefs
Prada to hire 400 people mainly in central Italy
Prada plans more than 400 hires by the end of 2023, mainly in the central Italian regions of Tuscany, Umbria and Marche, as it aims to bolster its production capacity and sustain growth. It noted that the Prada Group Academy will train more than 200 people. “The more than 400 ...
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News briefs
Schuurman Schoenen to use Magazino robots
Schuurman Schoenen has selected the TORU picking robots from the German start-up Magazino for its warehouse in Neede, Netherlands. The Dutch footwear retailer has 45 shops and an e‑commerce website. It offers shoes for women, men and children under third-party and proprietary brands.
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News briefs
Macy’s head to retire in February 2024
Macy’s said that its chairman and chief executive officer, Jeff Gennette, plans to retire in February 2024 after serving the company for 40 years. It added that Tony Spring, Macy’s’ executive vice president and Bloomingdale’s chairman and chief executive officer, has been appointed by the board of directors as the ...
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News briefs
Consumer confidence improves in Germany and Italy, weakens in France
Consumer confidence has improved in Germany and Italy, but slipped slightly in France over the past months. In April, consumer confidence in Germany is expected to improve to -29.5 from -30.6 in March, marking the sixth improvement in a row even if momentum has weakened, according to advance data released ...
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News briefs
Next buys the Cath Kidston brand
Next has agreed to buy the brand name, domain names and intellectual property of CK Acquisitions, which owns the modern vintage brand Cath Kidston, from administrators for £8.5 million (€9.7 million). The British fashion retailer will license back to the administrators the cathkidston.com domain for up to 12 weeks to ...
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News briefs
Kaporal files for receivership
Kaporal, a French ready-to-wear retailer specialized in denim, said that it has asked to be placed into receivership by a Marseille-based court due to “unprecedent economic difficulties.” Kaporal noted that over the past years it was affected by the yellow vest protest movement, the Covid-19 pandemic, various national strikes and ...
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News briefs
Alibaba to split into 6 units
Alibaba will split into six business units that will have the right to raise funds independently and be listed. The restructuring aims to make the group “more agile, shorten decision making links and respond faster,” wrote the chairman and chief executive, Daniel Zhang, in a letter to staff. The six ...
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News briefs
Second expansion of ANWR Ordercenter O1 starts
The ANWR Group is expanding its Ordercenter O1 in Mainhausen with a second extension building, thus manifesting its claim to expand the campus from a regional order location to a European marketplace. With the commissioning of the new site (planned to open in April 2024), more than 90 manufacturers will ...
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News briefs
Neiman Marcus in exclusive partnership with Christian Louboutin
In partnership with the French footwear designer Christian Louboutin, Neiman Marcus unveiled an exclusive collection called “A La Piscine” (At The Swimming Pool in French). The collection features a full range of footwear and handbags in neon colors and splash print. It also includes newly added lifestyle product categories such ...
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News briefs
Dr. Martens appoints a new board member
Dr. Martens said that Andrew Harrison will join the board of the British footwear brand as an independent non-executive director with effect from May 1. Harrison is a managing partner at the consumer brand investment firm Freston Ventures and senior independent director at Ocado Group, a British company providing technology ...
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News briefs
Rexor sales swing back to near pre-pandemic levels
Rexor, the 70-year old German buying group controlled by ANWR, reported a 22 percent increase in central settlement sales to €216.9 million in 2022, up from €177.1 in 2021 and nearly returning to pre-pandemic levels. In Germany, the group’s sales last year increased by more than 10 percent from 2019, ...
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News briefs
Allbirds to launch net zero carbon shoe
Allbirds has announced the launch of the M0.0NSHOT, which it claims is the “world’s first net zero carbon shoe.” The name refers to the company “shooting for the moon with a net zero carbon shoe,” the Californian brand said. The midsole of the M0.0NSHOT consists of a newly-developed sugarcane-based foam ...
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News briefs
Xtep sales rise to record high
The publicly traded Chinese company Xtep International Holdings, whose business model consists of its own label for the nation’s mass market and four western brands (K-Swiss and Palladium, globally, and joint ventures for Merrell and Saucony in Mainland China) targeting the premium market, generated a 29.1 percent increase in 2022 ...
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News briefs
SMCP names a new CEO for Maje
SMCP, the French fashion group that owns the brands Sandro, Maje, Claudie Pierlot and Fursac, is appointing Elina Kousourna chief executive of Maje, effective April 17. Kousourna has been running the Fursac brand for three years and will replace Charlotte Tasset Ferrec, who has been CEO of Maje since January ...
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News briefs
French footwear sales continue to be weak in February
In February, French footwear retail sales fell by a seasonally and working-day adjusted 0.2 percent month-on-month, according to the Bank of France. In January, sales of footwear dropped by 4.3 percent. Overall, retail sales in France fell by a seasonally and working-day adjusted 0.4 percent compared with January when they ...
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News briefs
Amazon cuts an extra 9,000 jobs
Amazon plans a new round of job cuts involving about 9,000 employees, the chief executive, Andy Jassy, informed staff in memo, according to the news agency AP. According to the report the redundancies will mostly impact staff of the cloud services, advertising and Twitch units. In January, the U.S. ...
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News briefs
ANWR Group strengthens liquidity of affiliated retailers
As the now-restored ability to deliver and, at the same time, unusually early deliveries by manufacturers are currently leading to high inventories at many retail companies and thus to a short-term and seasonal strain on liquidity, German ANWR Group is strengthening its affiliated retailers via the Group’s own DZB Bank ...
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News briefs
Jennifer Lopez partners with Revolve for a line of footwear
Jennifer Lopez, the American singer and actress, has joined forces with Revolve, a U.S. lifestyle brand, to launch an exclusive line of footwear under the JLO Jennifer Lopez brand. JLO Jennifer Lopez for Revolve will launch in three drops, starting with a 16 piece collection of sculptural heels. The first ...
