Latest News Briefs – Page 82
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News briefs
Asos’ interim CFO steps down
Asos’ interim chief financial officer, Katy Mecklenburgh, will be leaving to take up a new role as CFO at Softcat, a provider of IT infrastructure. Mecklenburgh will continue in her current role at the British online retailer for the next six months, in line with her notice period, as Asos ...
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News briefs
Prada hires Andrea Guerra as CEO
Prada has decided to hire Andrea Guerra as its CEO, effective from mid-January, according to the Italian media. The decision was made by Patrizio Bertelli, the 76-year old CEO of the Italian fashion house, his wife, the designer Miuccia Prada, 73, and their 34-year old son Lorenzo. Guerra, ...
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News briefs
H&M cuts 1,500 jobs
H&M is reducing its workforce by about 1,500 positions as part of a cost savings and efficiency program. Overall, the Swedish retailer estimates the program will provide annual savings of about SEK 2 billion (€182.2m), which it expects to “become visible” in the second half of 2023. The program is ...
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News briefs
U.S. footwear site traffic flat during Black Friday
In the U.S., footwear retailers experienced flat site traffic during Black Friday compared with the Black Friday of 2021. For all retailers surveyed, traffic grew 11 percent, according to Bluecore, a retail marketing platform. The total number orders fell by 8 percent year-over-year for footwear retailers but increased by 5 ...
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Superdry in talks to refinance its debt
Superdry is in talks with Bantry Bay Capital, a specialist lending provider, to obtain a financing that would replace an existing £70 million (€80.1m) asset-backed lending facility which expires at the end of January. “There can be no certainty that an agreement will be reached, nor as to the terms ...
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News briefs
Deckers is the winner of Black Friday in the U.S. according to a broker
Deckers Brands, the parent company of the Ugg brand, was named the clearest winner of the Black Friday week in the U.S. by the footwear and apparel team at Wedbush Securities. Ugg was one of the only brands tracked by Wedbush that was less promotional during the week in the ...
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Primark unveils £140m investment to open 4 new stores, create jobs
Primark plans to invest £140million (€163.1m) as it looks to increase footfall during the cost of living crisis hitting the U.K. The program will result in the opening of four new stores and the creation of at least 850 jobs. Associated British Food, the parent company of the fast fashion ...
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News briefs
Genesco and Designer Brands appoint new board members
Genesco has appointed Matthew Bilunas and Carolyn Bojanowski as independent directors of its board, effective Jan. 29, which is the beginning of the company’s fiscal year. Bilunas is chief financial officer of Best Buy, a retailer of electronic devices, and Carolyn Bojanowski is executive vice president in charge of merchandising ...
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News briefs
Allbirds opens another store in the Boston area
Allbirds has opened its fifth retail site in the Boston area and one of the footwear brand’s biggest in the world. The store measures 3,700 square feet and uses natural materials throughout the space. It is located at 800 Boylston Street in the Prudential Center. Headquartered in San Francisco, the ...
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News briefs
Havaianas expands its flip flop ReCycle program in Asia
Havaianas has pledged to collect 10 percent of the total sold flip flops sold in its APAC locations by 2030, according to Inside Retail Asia Edition. Following on from its successful ReCycle initiative in Australia, launched in October 2021, Havaianas Asia Pacific is extending the initiative across APAC locations. In-store ...
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News briefs
Piquadro narrows its net loss
In the first half ended Sept. 30, the Italian leather goods firm Piquadro posted a net loss of €0.1 million, down from the €1.5 million loss a year earlier. It booked sales of €80.23 million, up by 26 percent year-on-year. Ebitda rose to €10.2 million from €8.5 million and adjusted ...
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News briefs
Gucci’s creative director leaves
Gucci’s creative director, Alessandro Michele, has stepped down after holding the job since 2015. During his tenure, Michele revived the Italian brand owned by the French luxury goods company Kering. In a statement, Kering said that Michele had “played a fundamental part in making the brand what it is today.” ...
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French footwear sales fall 8.2% in October
Footwear sales in France fell by 8.2 percent month-on-month in October on a seasonally and working-day adjusted basis after rising by 3.3 percent in September, according to the latest survey on retail trade released by the Bank of France. In the three months to October, shoe sales dropped by 5.2 ...
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News briefs
OrthoLite Cirql names sales director in Vietnam
U.S.-based insole specialist OrthoLite has introduced Juan Cutina as sales director for its recently launched OrthoLite Cirql division. Cirql – an EVA foam that is plastic-free, recyclable, biodegradable and industrially compostable – is a patented solution for footwear that helps brands and factories to create a circular business. OrthoLite Cirql ...
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News briefs
CCC’s shareholders approve capital boost
Shareholders of CCC Group approved plans for equity financing of up to 500 million zloty (€106.3 million), as the Polish group seeks to raise fresh cash to bring down debt. In an extraordinary general meeting on Nov. 17, shareholders approved a resolution to issue up to 14 million new shares ...
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News briefs
Oboz Footwear has a new head of finance
Oboz Footwear, an American outdoor footwear company based in Bozeman, has hired Rob Leo as its vice president of finance. Leo joins the company from Skullcandy, a provider of headphones, earphones and other devices. “Rob brings a wealth of knowledge, great ideas and enthusiasm to our finance team,” said Amy ...
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News briefs
Kamik hires a new COO
Kamik, a family-owned Canadian footwear and apparel manufacturer, has appointed Steeve Côté as chief operating officer. Côté will be in charge of Kamik’s global operations including supply chain management, manufacturing and logistics. Côté was most recently the vice president of operations at Joseph Ribkoff, a leading player in the Canadian ...
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News briefs
Xtep in partnership with Covestro to produce low-carbon running shoes
Xtep International Holdings established a strategic cooperation arrangement with Covestro, a German chemical group, and Silan Group, an integrated footwear platform, to produce low-carbon running shoes. The announcement of the partnership was made jointly with the presentation of Xtep’s low-carbon running shoes, 360-ECO, which uses biomass raw materials. Compared with ...
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News briefs
Genesco opens new headquarters
Genesco formally opened its new headquarters at 535 Marriott Drive in Nashville, Tennessee, on Nov. 3. The building spans 182,000 square feet spread over seven floors. It hosts services to support Genesco’s brands that include Journeys, Journeys Kidz, Johnston & Murphy, Levi’s footwear, Dockers footwear and Bass footwear. The U.S. ...
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News briefs
Leather industry signs an updated version of its sustainability manifesto
Concurrently with the United Nations Climate Change Conference (COP27), held in Egypt from Nov. 6 to 18, twenty-six bodies of the leather industry signed an updated version of a manifesto on sustainability, the so-called Leather Manifesto, that was published in October 2021. The signatories urged COP27 participants to encourage the ...
