Latest News Briefs – Page 73
-
News briefsHugo Boss sees 2023 sales up about 5%
Hugo Boss expects to post a mid-single-digit percentage rate increase in sales in 2023 while Ebit is seen rising by 5 to 12 percent from 2022 levels to €350 million to €375 million. For both, EMEA and the Americas region, the company anticipates growth in the low- to mid-single-digit percentage ...
-
News briefs
Sabu swings back to growth as sales return to pre-Covid levels
The German shoe retail cooperative Sabu reported strong results for 2022 driven by a surge in sales and an increase in points of sale, as the pandemic loosened its grip. Sales swung back above pre-Covid levels and were up by 42 percent to € 335 million compared to 2021. ...
-
News briefs
Alpargatas takes legal action over missed equity purchase payment
Alpargatas, the Brazilian footwear and apparel group, wants Carlos Roberto Wizard Martins to pay up. In a Sept. 2018 purchase and sale agreement, the investor struck a deal to acquire a 22.5 percent stake in Alpargatas S.A.I.C. from Alpargatas S.A. A first installment of the remaining purchase price equaling Brazilian ...
-
News briefs
Gianvito Rossi’s sales approach €100m
Gianvito Rossi, an Italian producer of luxury shoes, posted sales of €99 million in 2022, up by 35 percent year-on-year.
-
News briefs
Trussardi seeks court protection
The Italian fashion brand Trussardi has asked a Milan-based court to appoint an administrator to manage its debt of €51.1 million. In order to enact the so-called crisis settlement procedure the company’s entire board has resigned. According to the daily Il Sole 24 Ore, the procedure, which is similar to ...
-
News briefs
K-Swiss in a collaboration with the New York brand Corridor
K-Swiss, an American heritage tennis brand, said that it is launching a premium footwear collection with Corridor, a New York-based men’s clothing brand, through a ”creative editorial campaign” in Racquet magazine. The unisex footwear collection consists of the performance tennis shoe SpeedTrac, retailing at $140 a pair, and the heritage ...
-
News briefs
Consumer demand for footwear bounces back in Russia
In January 2023, Russian fashion retailers enjoyed an 11 percent year-over-year rise in revenues thanks to a 6 percent increase in customer traffic, Russian consulting firm Focus Technologies estimated, attributing the trend primarily to weaker competition due to the departure of numerous Western brands from the country following Russia’s invasion ...
-
News briefsLloyd revamps its sales structure
The German shoe maker Lloyd Shoes has revamped its sales structure as part of an organizational overhaul. The company is reorganizing its sales division in southwestern Germany, comprising the landers of Hesse, Rhineland-Palatinate, Saarland, Baden-Württemberg and Bavaria, and in Luxembourg starting from the autumn/winter 2023 sales season. Responsibilities for ...
-
News briefs
Spanish footwear exports exceed €3bn in 2022
Spanish footwear exports rose 22 percent in 2022 to €3.28 billion, according to the industry ministry. In volume, exports nearly reached 160 million pairs, up by 6 percent, added the Spanish footwear association, Fice. Compared with 2019, the year before the outbreak of the Covid-19 pandemic in Europe, exports ...
-
News briefsNatural World's sales up 10%
Natural World, which seeks to produce a 100 percent ecological shoe, is enjoying an annual growth rate of 10 percent, according to sales director Jorge Velo, who spoke with Diffusion Sport at last month’s Micam show. The 11-year-old brand generates 70 percent of total sales outside its home country of ...
-
News briefs
Vulcabras’ 2022 sales rise by 36%
In 2022, Vulcabras posted a 36 percent increase in revenues to R$2,536.9 million (€413.1m) from R$1,867.2 million a year earlier with sales in the home Brazilian market increasing by 33.5 percent to R$2,309.0 million (€430.6m) and foreign sales up by 65.5 percent to R$227.9 million (€42.5m). Annual e-commerce sales increased ...
-
News briefs
Turkish inflation slows down
In February, Turkish inflation reached 55.18 percent year-on-year compared with 57.68 percent in January, according to the statistics office Tuik. It is the fourth consecutive month that annual inflation declines. Month on month, inflation reached 3.15 percent. Clothing and footwear was the segment with the lowest inflation, falling by ...
-
News briefs
Xero Shoes and Michelin partner for new barefoot hiking shoe
Xero Shoes, the U.S. barefoot footwear specialist, has partnered with JV International, the global licensee of Michelin soles with offices in Italy, Hong Kong and China, for the Scrambler Mid, a new, ultra-light trekking shoe. According to the manufacturer, the lightness of the Michelin sole, conceived, designed and manufactured exclusively ...
-
News briefs
Snipes hires a general manager for Europe
Dennis Schröder, the chief marketing officer who just left 11teamsports, will take over the position of general manager for Europe at the sneaker specialist Snipes from May 1, 2023, supporting its founder and CEO Sven Voth in the day-to-day operations. In addition to Voth, CFO Tim Spickenbom and COO Peter ...
-
News briefs
Zalando hires head of retail from Nike
Benjamin Wolf, who served as Nike’s director of retail operations from March 2019 to January 2023, posted on LinkedIn that he has joined Zalando as head of retail, effective immediately. In total, Wolf spent roughly 15.5 years at Nike. On social media, he commented on the new job at the ...
-
News briefs
Higher costs and bureaucracy weigh on German fashion retailers
Burdened by soaring costs and entangled in red tape, fashion retailers are “currently struggling with considerable problems” despite sales returning to pre-pandemic levels, a survey from Germany’s textile, shoes and leather goods trade association, BTE, showed. Retailers participating in the survey rated the surge in costs with an average ...
-
News briefs
LVMH launches €1.5bn share buyback
LVMH has begun a €1.5 billion share buyback program. In a statement, the French luxury goods group said it has entrusted an investment service provider with a mandate for the acquisition of up to €1.5 billion of its own shares over a period beginning March 1 and ending on or ...
-
News briefs
Gap France goes into receivership
Wilsam, the company that manages 20 franchised Gap stores in France, has been placed under controlled administration, or receivership, according to a Grenoble-based commercial court. The decision was made following a request made by the company’s manager Patrick Puy as well as by the prosecutor’s office, said the deputy prosecutor, ...
-
News briefs
Zalando to introduce a basic fee, hike marketplace commissions
According to information from various media for online retailers, Zalando will soon be introducing a new fee schedule. Previously, the Zalando platform only charged commissions for successful sales. As of July 1, Zalando is implementing a basic fee of €480 per year for its marketplace. The basic fee applies both ...
-
News briefs
OrthoLite reaches 500 footwear brand partners
OrthoLite, the U.S.manufacturer and provider of insoles and material solutions for footwear since 1997, is celebrating a major milestone by welcoming its 500th footwear brand partner. OrthoLite insoles are now found in more than 550 million pairs of shoes each year across all categories – athletic, running, comfort, golf, lifestyle ...
