Latest News Briefs – Page 88
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News briefs
British Footwear Association names Jane Wilson chair
The British Footwear Association (BFA) has appointed Jane Wilson as chair, replacing Robert Perkins, who held the job for four years. Wilson was previously a non-executive director on BFA’s board. Wilson is chief executive at William Lamb Group since 2018. She previously worked for companies such as Start-Rite and Clarks. ...
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News briefsBrazilian footwear component exports up 20%
Brazilian exports of footwear components totaled $253 million in the first seven months of 2022, up by 20 percent year-over-year, according to Assintecal, the local association of leather, footwear and component companies. Exports were also up by 37 percent compared with the first seven months of 2019, indicating that the ...
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News briefs
Pegasus International continues to seek tenants for idle capacity
Pegasus International Holdings Ltd. reported a 36 percent increase in revenues from the manufacture and sales of footwear to $2,847,000 in the first half of 2022 from $2,095,000 a year earlier. Total first-half revenues increased by 51 percent to $5,261,000 from $3,479,000. In 2020, the company started to lease idle ...
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News briefs
VF cutting 600 jobs
VF Corp. the Denver-based company that owns brands such as The North Face, Timberland, Smartwool, Altra, Icebreaker and Vans, is cutting 600 jobs worldwide, the Denver Business Journal reported, citing a letter sent by the president and CEO, Steve Rendle, to employees. VF is axing 600 office-based roles, which will ...
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News briefsToray announces renewable nylon 66 breakthrough
Tokyo-based Toray Industries announced that it has developed what it claims is “the world’s first 100% bio-based adipic acid,” a raw material for nylon 66 (polyamide 66). The company achieved this breakthrough using a proprietary synthesis technique that combines its microbial fermentation technology and chemical purification technologies. Nylon 66 has ...
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News briefs
ABG and Warson collaborate on Volcom and Frye work shoes
Authentic Brands Group (ABG) announced an expanded partnership with Warson Brands, a full-service manufacturer of protective and safety technologies and longtime partner of Reebok. Warson has committed to designing, developing and distributing high-quality professional footwear for the Frye and Volcom brands in the U.S. and Canada. The Frye Company will ...
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News briefsKeen releases women’s hiking shoe
Source: Keen Footwear For autumn/winter 2022, Keen is introducing the Terradora Flex, a women’s hiking shoe designed for athleisure use, on the trail and in town. It combines the Terradora model’s fit with the Keen brand’s Bellows.Flex air-cushioning system, located at the flex point of the forefoot. ...
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News briefsShoe Zone hikes its full-year guidance again
Shoe Zone improved its full-year guidance again and now expects adjusted profit before tax for the financial year ending Oct. 2 to be ”not less” than £10.5 million (€12.2m).The forecast excludes the profit on the sale of freehold property and foreign exchange revaluations. The British footwear retailer previously forecast adjusted ...
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News briefs
Amazon in green hydrogen supply deal
Amazon has signed an agreement with Plug Power to supply 10,950 tons per year of green hydrogen for its transportation and building operations, starting in 2025. The move is part of Amazon’s efforts to meet its Climate Pledge commitment to be net-zero carbon across its operations by 2040. Amazon co-founded ...
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News briefsGlobal luxury footwear market seen at nearly $26bn this year
The global luxury footwear market is expected to grow by 5.8 percent from $24.37 billion in 2021 to $25.78 billion in 2022, according to the Luxury Footwear Global Market Report 2022 available on ResearchAndMarkets.com. North America was the largest market for luxury footwear in 2021 followed by Western Europe. The ...
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News briefs
Skechers picks Myleene Klass as brand ambassador
Skeckers has signed on the musician, presenter and entrepreneur Myleene Klass as ambassador for the brand’s footwear and apparel offering across the U.K. and Ireland.
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News briefsOnly two foreign brands entered Russian market in H1
In the first half of 2022, only two foreign brands, the Chinese sporting goods supplier Li-Ning and the perfume company Vilhelm Parfumerie, entered the Russian fashion market, which is the lowest figure since 2014, according to a research conducted by Knight Frank Russia. On the other hand, nearly 180 brands ...
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News briefsZegna improves FY guidance
Ermenegildo Zegna posted a net profit of €21.02 million in the first half of 2022, down from €32.23 million a year earlier, while sales rose by 21 percent to €729 million. During the period, adjusted Ebit grew to €82.69 million from €66.81 million and the margin widened to 11.3 percent ...
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News briefs
Farfetch Q2 earnings decline but sales rise
Farfetch, the British internet platform for luxury goods, realized an 18.7 percent decline in attributable profit to $70.5 million in the second quarter ended June 30 from $86.6 million a year earlier. Ebit was down by 29 percent to $60.4 million from $84.7 million as the operating loss widened by ...
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News briefs
Tapestry’s CFO takes on the extra role of COO
Tapestry, the New York-based fashion house which owns Coach, Kate Spade and Stuart Weitzman, announced that its chief operations officer (COO), Tom Glaser, 61, has decided to retire. He will remain with the company until Oct. 1. Scott Roe, who has been chief financial officer since June 2021, has taken ...
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News briefs
Clarks US picks TPP Retail for labelling
Clarks US, the American unit of the British footwear group Clarks, has chosen TPP Retail’s Label IQ application to provide a comprehensive labelling solution for its stores. The TPP Retail’s solution was already rolled out in the group’s stores in the U.K., Ireland and Europe. “The TPP solution was a ...
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News briefs
Macy’s cuts FY guidance on deteriorating consumer spending
In the second quarter ended July 30, the net sales of the American department store chain Macy’s slipped to $5.600 billion dollars from $5.647 billion a year earlier as comparable sales were down by 1.5 percent for owned stores and down by 1.6 percent for owned and licensed stores. Digital ...
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News briefsUFG strikes a licensing deal with Lyle & Scott
Unlimited Footwear Group (UFG) has entered a licensing agreement with the British brand Lyle & Scott, under which the Dutch footwear group will design, produce and distribute all upcoming branded Lyle & Scott footwear collections throughout the entire European Union, the U.K., Switzerland, Scandinavia and the U.S. The Lyle & ...
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News briefs
Adidas' CEO to step down in 2023
Adidas said that its CEO, Kasper Rorsted, and the supervisory board have mutually agreed upon that Rorsted will hand over the CEO position during the course of 2023. The search for a succession has started, the German sportswear group added. Rorsted will remain CEO until a successor has been ...
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News briefs
Diego Della Valle files document to delist Tod’s
Tod’s said that its main shareholder, Diego Della Valle, has filed documents with the Italian market regulator Consob for a public offer to delist the Italian fashion house from the Milan stock exchange. As announced earlier in August, DeVa Finance, which is controlled by DI.VI. Finanziaria di Diego Della Valle ...
