Latest News Briefs – Page 86
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News briefs
Asics releases trainer with the world’s smallest carbon footprint
With the launch of its Gel-Lyte III CM 1.95 trainer, Asics has unveiled a sneaker with the world’s lowest carbon footprint. As the name suggests, the shoe emits 1.95kg CO2e across its lifecycle. This is significantly less than the lowest CO2e sneakers currently available on the market, based on available ...
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News briefs
Puma introduces sneaker infused with nitrogen foam
Puma has launched the Extent, a sneaker whose midsole features an innovative Nitro (nitrogen-infused) foam that is said to make it extremely lightweight, springy and soft. The Extent’s layered upper is inspired by Puma’s archive of 2000s long-distance running shoes. The material mixtures differ from one color to another, including ...
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News briefs
Kodiak introduces new workwear boots using algae-based materials
Kodiak, the 112-year-old Canadian footwear brand, is marching forward while paying tribute to its past with new men’s and women’s workwear boots in its fall 2022 collection. The new collection features Bloom technology, which converts biomaterials like algae into renewable, high-performance replacements for traditional petroleum-based EVA components, continuing Kodiak’s Built ...
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News briefs
Timberland and Ræburn launch new circular boot
The result of the latest collaboration between Timberland and Ræburn for fall/winter 2022 are the new Earthkeepers by Ræburn Timberloop Utility Boots, “an innovative circular design that allows them to be fully disassembled and recycled at the end of their useful life.” Timberland and Ræburn have been working together since ...
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News briefs
Walmart buys a robotics automation company
Walmart has agreed to acquire Alert Innovation, a robotics automation company that develops material-handling technology for automating order fulfillment in retail supply chains. Walmart has been working with Alert to customize technology for its market fullfillment centers (MFC) since 2016. ”Further investing in this technology will enable us to leverage ...
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News briefs
Golden Goose acquires Italian Fashion Team
Luxury sneakers specialist Golden Goose announced that it acquired Italian Fashion Team, a high-end sneakers producer and Golden Goose’s main supplier, for an undisclosed amount. The two companies have worked together for seven years. Based in Casarano, near the Apulian city of Lecce, Italian Fashion Team is headed by founder ...
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News briefs
Crocs’ chief operating & transformation officer leaves
Crocs’ executive vice president and chief operating & transformation officer, Elaine Boltz, will leave the company on Oct. 14. Boltz will be entitled to the payments and benefits relating to her separation from the company as set forth in her employment offer letter as well as a special one-time discretionary ...
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News briefs
Burberry hires a new chief creative officer
Burberry has appointed Daniel Lee as its new chief creative officer. He will join the company on Oct. 3 reporting to chief executive Jonathan Akeroyd. Lee replaces Riccardo Tisci, who is leaving the company at the end of this month after almost five years in the job. Lee was the ...
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News briefs
Sales of Russian e-tailers surge
Russian online marketplaces are continuing to enjoy a surge in sales. Wildberries, Ozon, AliExpress Russia, SberMegaMarket and Yandex.Market jointly processed 400 million orders in the second quarter of 2022, up by 80 percent year-over-year. In value, turnover hit an all-time quarterly high of 500 billion rubles (€8.2bn), Moscow-based analytical agency ...
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News briefs
Vapesol launches soles made from factory waste of nitril gloves
The Portuguese company Vapesol, which manufactures more than five million pairs of soles yearly (according to its website), has teamed with the nitril glove company Raclac to produce of footwear soles from industrial waste. Raclac claims to be the only manufacturer of nitril examination gloves in Europe. Waste from its ...
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News briefs
NFW Footwear Collective is growing
New Balance and Wolverine Worldwide have joined Natural Fiber Welding’s Footwear Collective, a cooperative platform aiming to reduce the environmental impact of footwear across the value chain. Curect members include Allbirds, Camper, Deckers and Ralph Lauren. Katy O’Brien, senior manager of innovation at New Balance, said: “We have been ...
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News briefs
Micam and sister fairs attract 35,470 visitors
The September edition of Micam, along with the three shows held with the Milan-based footwear trade fair, attracted 35,470 visitors, up by 20 percent from the event held in March 2022. Micam highlighted that there was strong presence of visitors from Spain, France and Germany as well as of buyers ...
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News briefs
U.K. to introduce VAT-free shopping for foreigners
During the presentation of new budgetary measures, Kwasi Kwarteng, the U.K.’s newly appointed finance minister, officially referred to as the chancellor of the exchequer, said that the government has decided to introduce VAT-free shopping for overseas visitors. “We will replace the old paper-based system with a modern, digital one. And ...
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News briefs
FedEx to hike rates from Jan. 2
FedEx said its FedEx Express, FedEx Ground and FedEx Home Delivery will increase rates by an average of 6.9 percent effective January 2, 2023 as the the U.S. courier service tries to align costs with demand. Meanwhile, FedEx Freight rates will increase by an average of 6.9 percent to 7.9 ...
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News briefs
U.K. consumer confidence at record low - GfK
In September, consumer confidence in the U.K. fell to -49, the worst overall index score since records began in 1974, and down from -44 in August and -13 a year ago, according to the latest survey released by market research firm GfK. The component on personal finances in the coming ...
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News briefs
Turkish lira falls to record low against the dollar
The Turkish lira fell to a record low against the U.S. dollar after the Turkish central bank cut its policy rate, the one-week repo auction rate, to 12 percent from a previous 13 percent, as it pointed to a global economic slowdown and the increased risk of recession. The currency ...
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News briefs
Alibaba’s Tmall Luxury Pavilion enhances metaverse experience
Tmall Luxury Pavilion, the Alibaba luxury shopping platform, introduced a so-called Meta Pass and hosted an augmented reality fashion show in Shanghai. As Alibaba reported, Luxury executives tried on AR glasses, held a virtual item (such as a digital luxury bag), and placed it in a gift box. When they ...
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News briefs
The Russian fashion market has nearly halved
Between February and August of 2022, the sales of shoes, clothes and accessories in Russia plummeted by 40.5 percent against the same period of the previous year, according to Anush Gasparyan, spokesperson for the Moscow-based think tank Fashion Consulting Group. As many as 23 percent of the Russian customers surveyed ...
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News briefs
More than half of German clothing retailers hit by supply issues
Overall German retailers are “very concerned” about the replenishing of their inventories and the situation could continue into the Christmas season, according to a survey carried out by the ifo Institute. In August, on average 77.5 percent of retailers complained about supply problems, up from 77.3 percent in July. Retailers ...
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News briefs
World faces a winter of discontent - UN
The secretary general of the United Nations, António Guterres, warned that the world will face a difficult winter due to the effects of the multiple ongoing crises including the war in Ukraine, increasing poverty and inequality, and the impact of global warming. “These crises threaten the very future of humanity ...
