All News briefs articles – Page 104
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News briefs
Rexor posts positive results in 2021
Rexor, the German buying group controlled by ANWR, posted positive results in 2021. Despite months-long lockdowns and delivery bottlenecks rippling through the supply chain, the Düsseldorf-based company reported a sales increase of 0.4 percent to €177.1 million. In Belgium, where lockdowns had a smaller impact on retail, the company outperformed ...
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News briefs
Puma to release collection with Minecraft
Puma is releasing a streetwear collection co-branded with Minecraft, the video game produced by Mojang Studios, a division of Xbox Game Studios, itself owned by Microsoft.The Puma x Minecraft range will include T-shirts, hoodies, trousers and Puma’s Suede shoe, all sized for both children and adults. It is due for ...
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News briefs
Genesco doubles its share buyback program
Genesco’s board of directors has authorized a $100 million increase to its existing $100 million share repurchase authorization. Under the existing share repurchase authorization announced in September 2019, the U.S. footwear company has bought roughly 1.72 million shares at a total cost of about $99.0 million, at an average price ...
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News briefs
Global women’s luxury footwear sales to rise $39 bn in 2029
The global women’s luxury footwear market is estimated to rise from $30 billion in 2022 to $39 billion by 2029, growing by an annual average of 5 percent over the period, according to Future Market Insights. The segment is very concentrated with the top five suppliers having a combined 55 ...
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News briefs
Shoes 53045 launches its first virtual shoe
On Feb. 3, Shoes 53045 launched its first-ever virtual shoe in partnership with the blockchain company MetaJuice. Buyers can purchase the limited edition Cyb’Air non-fungible tokens (NTFs) and then bring them into the IMVU metaverse and showcase them in a specially-designed room. Cyb’Air is a virtual platform-heeled bubble air sneaker ...
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News briefs
Earth Shoes names former Aerosoles head
Earth Shoes has apppointed Alison Bergen as CEO. She takes over day-to-day management from the former president Mark Parsley, who left the company. She reports to the company’s founder and chairman Phil Meynard. Bergen was previously CEO of Aerosoles for over three years. She relaunched the company that was bought ...
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News briefs
Allbirds opens a store in Charlotte
Allbirds, the California-based producer of Wool Runner merino shoes and other eco-friendly sneakers and apparel, opened its first store in Charlotte, U.S. The 2,964 square foot space is the company’s 36th store worldwide. ”Displays around the shop call attention to the merino wool, sugarcane, tree, and other materials that its ...
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News briefs
A quarter of Nike shoes in Russia are fakes
Roughly 25 percent of all Nike shoes on the Russian market are fakes, showed a research conducted by the Russian business union Social Consumer Initiative. The share of counterfeit products ranges between 0 and 5 percent for Adidas, Asics, New Balance, Reebok, Puma and Skechers, said Oleg Pavlov, head of ...
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News briefs
OrthoLite celebrates 25 years
OrthoLite celebrates its 25th anniversary in 2022, after posting the best year in its history in 2021 thanks to a vertically-integrated structure which helped lift sales. The U.S. producer of insoles was founded in 1997 by Glenn Barrett, its current CEO. OrthoLite claims that 2022 will be devoted toward finding ...
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News briefs
Foot Solutions buys the Florida-based retailer Happy Feet Plus
Foot Solutions, a U.S. retailer of wellness footwear and custom orthotic insoles, is buying the Florida-based retailer Happy Feet Plus. Details of the transaction were not disclosed. Foot Solutions also announced the promotion of Taylor Berry to vice president of operations and Bryan Scott to senior vice president of ...
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News briefs
The Italian helmet firm Kask takes over the U.S. bootmaker Vogel
Kask, an Italian company founded in 2004 specialized in sports and work helmets, announced the acquisition of Vogel, a Manhattan-based maker of riding boots and other footwear since 1879. The purchase is part of Kask’s strategy of increasing its presence in the fashion business while remaining an established company in ...
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News briefs
Nexgen Packaging invests in Mexico, Guatemala
Nexgen Packaging, an American supplier of packaging for the retail, apparel and footwear industry, is expanding its manufacturing capacity in Latin America with two new strategic investments. The expansion will allow it to meet the increasing demand from retailers and manufacturers, as required by the fast-growing omnichannel retail market, ...
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News briefs
Genesco picks Syndic8 for data content delivery
Genesco has stepped up its e-commerce expansion with a new partnership. The Nashville-based footwear and accessories specialty retailer signed a deal with Syndic8 to use its product content management platform, the provider of cloud-based and collaborative, digital product distribution solutions. Syndic8 claims that its platform will enable Genesco’s sales ...
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News briefsU.S. fiber company Circular Systems joins C.L.A.S.S. material hub
California-based company Circular Systems is a new C.L.A.S.S. material hub partner, promoting its circular, regenerative solutions for transforming waste into net positive fibers, yarns and fabrics through the platform based in Milan, Italy. In its own words, C.L.A.S.S. identifies fibers, yarns, fabrics that embody creativity, innovation and sustainability at the ...
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News briefs
Unbound starts trading on AIM and renews its management
Unbound Group, the owner of the British footwear retailer Hotter Shoes, started trading on the AIM segment of the London Stock Exchange on Feb. 1. The company, which was previously called Electra Private Equity, previously announced that it was moving from the stock exchange’s main market to the AIM as ...
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News briefs
India to introduce a digital rupee by March 2023
The Indian government plans to launch a digital rupee based on blockchain technology by March 2023. “Introduction of central bank digital currency will give a big boost to (the) digital economy. Digital currency will also lead to a more efficient and cheaper currency management system,” the finance minister, Nirmala Sitharaman, ...
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News briefs
Brazilian brands generate $7.5m in sales at Expo Riva Schuh
The 26 Brazilian footwear brands that attended Expo Riva Schuh are expected to generate more than $7.5 million in revenues, through the sale of 670,000 pairs, thanks to their participation to the Italian trade fair held between Jan. 15 and 18, in Riva del Garda, according to the trade association ...
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News briefs
BASF to boost HMD, polyamide 6.6 production
BASF has decided to build a new hexamethylene diamine (HMD) plant in Chalampé, France. Production is expected to start in 2024 and will increase the German group’s annual capacity to 260,000 metric tons. Furthermore, BASF will bolster its polyamide 6.6 production in Freiburg, Germany, starting 2022. The planned investments will ...
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News briefs
EU probes Pierre Cardin, Ahlers for alleged breach of competition rules
The European Commission has launched a formal antitrust investigation to assess whether Pierre Cardin and Ahlers have breached European Union competition rules by restricting cross-border and online sales of Pierre Cardin-licensed products. The French fashion house licenses its trademark for the manufacture and distribution of products. The German clothing manufacturer ...
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News briefs
Material shortages ease for German manufacturers
The shortage of materials in German manufacturing eased in January, with 67.3 percent of companies reporting bottlenecks and problems procuring intermediate products and raw materials, according the Ifo research institute. In December, the figure was 81.9 percent. “Despite this development, companies still have much to worry about,” said Klaus Wohlrabe, ...
