News Briefs Distribution – Page 2
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News briefs
FitFlop signs on new distributors for its international expansion
Shortly after receiving a new $30 million, five-year revolving credit facility from the independent lender Aurelius Finance Company to support its long-term growth ambitions, London-based footwear company FitFlop announced that it has secured several new global distribution partners to support its expand internationally. Albion 1897 will distribute the brand in ...
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News briefs
Smuggling from Kazakhstan is affecting the Russia footwear industry
Counterfeit footwear smuggled from Kazakhstan is inflicting a lot of pain on the Russian footwear industry, according to Vladimir Denisenko, head of Russia’s major footwear manufacturer Unichel. Law enforcement agencies are trying to stem contraband, but as Russia and Kazakhstan are both members of the Eurasia Economic Union and share ...
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News briefs
Ted Baker in licensing agreement with Aldo
The American brand management company Authentic Brands Group (ABG) signed a long-term licensing agreement regarding the Ted Baker brand with the Aldo Group, a Canadian fashion retailer and wholesaler. Under the ageement Aldo will take on design, production and distribution of Ted Baker footwear and handbags at wholesale throughout ...
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News briefs
Skechers acquires Scandinavian distributor
Skechers has signed an agreement to acquire its existing Scandinavian distributor, Sports Connection Holding ApS. Sports Connection’s business includes 58 existing Skechers retail locations, several e-commerce solutions and more than 1600 wholesale customers. The company was established in Denmark in 1994 and has been Skechers’ exclusive distributor in the Nordic ...
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News briefs
Snipes invests in a new logistic center
The sports and lifestyle retailer Snipes is building a new service and logistics center in Bedburg, Germany, in order to be positioned for the planned expansion of the company. The construction is the largest logistics investment ever made by the sneaker and streetwear retailer. According to the company, Snipes is ...
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News briefs
Nov.ita to distribute Fubuki in Italy
Nov.ita has announced that it will distribute the Japanese winter boots brand Fubuki in Italy. Based in Turin, Nov.ita is already the Italian distributor for Camelbak and Buff, among other brands. Fubuki was founded in 2019 in Niseko, Japan, by Kalle Norman and Christofer Ljunggren. The brand is currently sold ...
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News briefs
Kazakhstan could face a sharp increase in footwear prices
New labelling rules are expected to lift the retail prices of shoes on the Kazakh market by 30 percent in 2023, a group of importers told the local publication Caravan. Kazakhstan introduced mandatory digital labelling of footwear on Nov. 1, 2021, but let retailers sell unlabeled shoes during a transition ...
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News briefsClarks recalls womens shoes over toxic chemical warning
Clarks launched a global recall of eight styles of the Breeze and Brinkley womens shoes after tests found they contained toxins. The shoes are all navy or dark navy-blue coloured and introduced for the spring/summer 2022 season. The British brand noted that ”not all styles would have been sold in ...
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News briefs
German energy price cap effective from early 2023
German energy price caps announced by the Chancellor Olaf Scholz to mitigate the impact of inflation will go into effect in early 2023, according to a government timetable. The gas price effect is set to go into effect on Jan. 1 for large companies and on March 1 for households ...
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News briefs
EU considering further Belarus sanctions
The European Union will examine the possibility of imposing sanctions against Belarus for its role in supporting Russia in its war against Ukraine, according to Czech prime minister Petr Fiala. The Czech Republic holds the rotating presidency of the European Union. “We are currently examining…Belarus’ role and the potential need ...
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News briefs
Rugged outdoor footwear market rebounds in 2021
After a disappointing 2020, impacted adversely by the global pandemic, the global branded outdoor shoe market returned to growth last year. Worldwide rugged outdoor footwear sales climbed 28 percent higher to $6,756 million in 2021, based on research conducted by the Outdoor Industry Compass in partnership with Sporting Goods Intelligence. ...
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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
EU plans to ban products made with forced labour
The European Commission has proposed to prohibit products made with forced labour on the European Union market. The proposal covers all products, including those made in the EU for domestic consumption and exports, and imported goods, without targeting specific companies or industries. “This comprehensive approach is important because an estimated ...
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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 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
Aerosoles signs a licensing agreement with Orly to expand into men’s products
The American luxury comfort footwear brand Aerosoles has signed a licensing agreement with Orly Corporation for the distribution of men’s slippers, men’s and ladies flip flops, hanging footwear, men’s socks and roller skates for men, women and youth. The collections will complement the brand’s assortment of classic women’s styles. The ...
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News briefs
Tallinna Kaubamaja Grupp completes the restructuring of its footwear business
The Estonian group Tallinna Kaubamaja Grupp said that it is completing the restructuring of its footwear business. After closing the ABC King and SHU physical retail networks during 2022, the group’s wholly owned subsidiary TKM King will merge its remaining footwear wholesale business with Selver, which is also fully controlled ...
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News briefs
Low-cost footwear to increase market share in Russia this year
This year, the Russian footwear market could face a 15-20 percent slump in sales in value and a 25-30 percent drop in volume, forecast Anush Gasparyan, commercial director of the Russian consultancy Fashion Consulting Group. The average price of shoes is set to rise by 30 percent year-on-year, pushing consumers ...
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News briefs
Turkish fashion retailers mull expansion in Russia
Several Turkish fashion brands such as adL, Mudo, LTB, Twist and İpekyol intend to enter the Russian market, taking advantage of the withdrawal of Western companies. The Russian newspaper Izvestia reported that Turkish groups have entered into negotiations with Russian shopping centers about opening their stores in the coming months. ...
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News briefs
Nike pulls out of Russia
The U.S. sportswear company Nike is pulling out of the Russian market. The brand had already suspended its activity in the country on March 3 following Russia’s invasion of Ukraine on Feb. 24. In a statement, the brand said that it would not reopen the stores that it had closed ...
