Latest News Briefs – Page 9
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News briefs
Caleres reiterates its full-year guidance
Caleres reaffirmed its financial outlook for consolidated sales and earnings per share (EPS) for the fiscal year 2023. The U.S. footwear company expects net sales to be down by 4.5 percent to 5.5 percent compared to fiscal 2022, diluted EPS of $3.96 to $4.06 and adjusted diluted EPS of $4.10 ...
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News briefs
Christmas shopping fails to boost online sales in Germany
Online Christmas sales again failed to bring a holiday cheer to German retailers, despite strong sales during the ‘Black Week’. Total online retail sales in the country in the run-up to Christmas, from the beginning of October to the end of November, were down by 7.7 percent, unadjusted for inflation, ...
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News briefs
Piquadro’s revenues up by 3.7% in first 9 months
The Italian leather goods company Piquadro generated revenues of €131.5 million in the nine months ended Dec. 31, up by 3.7 percent compared to the previous year. At constant exchange rates, revenues rose by 4.8 percent. Revenues at the Piquadro brand increased by a reported 9.8 percent, and by 11.7 ...
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News briefs
Gabor appoints Sascha Negele as board member for customer and brand
The German shoe manufacturer Gabor Shoes has hired a new customer, brand and sales director. The Rosenheim-based company appointed sales expert Sascha Negele as board member for customer and brand. After the CEO, Achim Gabor, stepped down in mid July 2023 for health reasons, these departments were co-managed by ...
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News briefs
Emilio Zamberlan has passed away
Emilio Zamberlan has passed away at the age of 80. His father, Giuseppe, was the founder of the Italian footwear company Calzaturificio Zamberlan, which specializes in handmade outdoor and hunting footwear, in 1929. The company is now led by the third generation with Marco and Maria. Emilio Zamberlan projected Calzaturificio ...
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News briefs
LuisaViaRoma buys Holding IT
The Florence-based online multibrand retailer LuisaViaRoma has acquired Holding IT, the owner of Playground, a retailer of luxury sportswear stores operating under the banner Soft, and of FFW, a creator and manager of e-commerce sites for fashion brands. The combined group had sales of nearly €400 million in 2023 and ...
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News briefs
K-Swiss appoints a new head of lifestyle
K-Swiss has appointed Andrew Richard, most recently vice president and general manager for North America at FootBalance System, as its new vice president of lifestyle. He will report to Barney Waters, who rejoined K-Swiss in November as its international brand president. Richard will be tasked with leading lifestyle sales for ...
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News briefs
Boot Barn reports a sharp drop in same-store sales
In the fiscal third quarter ended Dec. 30, Boot Barn estimated that net sales grew by 1.1 percent year-over-year to $520.4 million thanks to new store openings. The company opened 11 new stores in the third quarter, or 37 stores year-to-date, bringing the total store count to 382. Same-store sales ...
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News briefs
Amer Sports files registration form for planned U.S. IPO
Finnish Amer Sports, Inc., which includes the Arc’teryx, Salomon, Wilson, Peak Performance and Atomic brands, among others, announced on Jan. 4, that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. The number ...
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News briefs
Maersk to divert shipping from Red Sea for “foreseeable future”
Maersk said that it will divert all vessels from the Red Sea and the Suez Canal south around the Cape of Good Hope for the “foreseeable future”. The decision was taken by the Danish shipping company because of the volatile situation in the Red Sea as Yemen’s Houthi rebels ...
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News briefs
ABG partners with BBC International for DC Shoes in U.S., Canada
Authentic Brands Group (ABG) has partnered with Florida-based BBC International for its skateboarding, snowboarding and street lifestyle brand DC Shoes. Under this agreement, BBC will handle the global design, wholesale distribution and sourcing of DC Shoes footwear and snowboard boots in the U.S. and Canada. BBC is a full-service footwear ...
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News briefs
U.K. store footfall declined in December
Retail store visits for the five weeks ended Dec. 30 fell by 5.0 percent year-over-year in the U.K. due to poor weather and weak consumer confidence, according to the British Retail Consortium and Sensormatic Solutions IQ’s Footfall Monitor report. The footfall was down by 0.7 percent year-over-year in November after ...
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News briefs
Footway to hold an EGM on Jan. 25
The e-commerce company Footway Group AB has convened an extraordinary general meeting for its shareholders on Jan. 25, 2024, at the company’s premises in Kista, Sweden. The company stated in a press release that it “will shortly apply for plan negotiations to complete the reconstruction formally,” and it is expected ...
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News briefs
Lotto in a license agreement for Germany and Poland with Fashioncenter
WHP Global, a U.S. brand management company and owner of the Lotto label, has signed a long-term license agreement for the brand with Norderstedt-based Fashioncenter. A subsidiary of the Schmidt Group, Fashioncenter was recently entrusted with the license for the Kappa brand for 25 years and is now taking over ...
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News briefs
Nepal shoe industry working at 40% capacity
Nepal’s footwear manufacturing industry is working at only 40 percent of capacity due to a decline in exports, higher imports and smuggling, the local news agency RSS reported, citing Naniraj Ghimire, the president of the Footwear Manufacturer’s Association of Nepal. According to the association, Nepal has the capacity to produce ...
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News briefs
Cambodia footwear exports down by 23%
Cambodia’s footwear exports fell by 23 percent in the first 11 months of 2023 to $1.21 billion from $1.57 billion a year earlier, according to the Ministry of Commerce. The country’s exports of garment, footwear and travel products were down by 15 percent over the period to $9.9 billion. Cambodia ...
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News briefs
Skechers opens a distribution center in Mumbai
Skechers inaugurated a national distribution center near Mumbai. The 600,000 square feet facility is located in the Lodha Industrial and Logistics Park in Kalyan and has a capacity to dispatch up to 60,000 pairs daily. The site represents the initial phase of a strategic partnership to develop a 1.1 million ...
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News briefs
Simon Tölle joins Sabu’s board
The German shoe retail cooperative Sabu has announced changes to its board of directors. From Jan. 1, 2024, Simon Tölle will join the board, replacing Peter Werner, who is stepping down at the end of December “at his own request” after more than twelve years in the role, the Heilbronn-based ...
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News briefs
LaShoe ceases operations
The German online shoe retailer LaShoe, which specializes in women’s shoes for hallux valgus - a misalignment of the big toe - and sensitive feet, will cease operations at the end of 2023. The Düsseldorf-based company, a subsidiary of the Walbusch Group, failed to sufficiently grow its customer base ...
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News briefs
Uzbekistan ramps up footwear production, export
Over the past six years, Uzbekistan made a lead forward in terms of footwear production and export, the Uzbek association of leather and footwear producers, Uzcharmsanoat, reported. In 2023, the country is expected to manufacture 246 million pairs of shoes, compared to only 10 million pairs in 2017. Exports are ...
