All News briefs articles – Page 109
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News briefs
Sequential settles with the SEC
The U.S. Securities & Exchange Commission (SEC) has reached a settlement with the bankrupt Sequential Brands Group, ending a pending civil suit against the American licensing company. Based on its reported assets and liabilities in the bankruptcy case, Sequential will have to pay no penalties. The SEC had accused Sequential ...
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News briefs
Former Nike footwear product manager joins Arc’teryx
Arc’teryx has appointed Ovidio Garcia as vice president of footwear. He will be reporting directly to Katie Becker, Arc’teryx’ chief creative officer. Garcia brings 15 years of experience at Nike in product management, merchandising and product operations for footwear on a global scale, most recently as global footwear product operations ...
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News briefs
Kingmaker posts a negative gross margin due to Covid
The mandatory payment of minimum wages to factory workers idled by the Covid pandemic caused Kingmaker to post a negative gross margin for the first half of its fiscal year ended Sept. 30, leading it to report a net loss of 15.5 million Hong Kong dollars (€1.8m-$2.0m) compared with a ...
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News briefs
Higg appoints a chief strategy officer to lead the platform’s expansion
Higg, the environmental software platform responsible for the Higg Index, has appointed James Schaffer as chief strategy officer to lead business development and partnerships. Schaffer’s experience in developing industry initiatives in the apparel sector, where Higg’s platform is widely used, is expected to be instrumental in guiding the company’s expansion ...
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News briefs
Veja opens a second Parisian store
Veja, the French brand of eco-sneakers, has opened a second store in Paris. Located in the hilltop quarter of Montmartre, the store was designed by the Veja studio and the architect Hugo Haas. While it has retained many of the elements already present – the premises were formerly occupied by ...
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News briefs
OR Group reports a surge in Black Friday sales
OR Group, formerly known as Obuv Rossii, reported a substantial rise in online sales during Black Friday, held on Nov. 26. Online sales jumped by 44 percent in volume and by 30 percent in value, compared to a year earlier, the company said, not providing any additional details. OR Group ...
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News briefs
Euro Shoes and CPM to be held together in Feb
The leading Russian fashion trade shows Euro Shoes and CPM will be held jointly from Feb. 21 to 24 at the Expocentre exhibition hall in Moscow. “It will be an unprecedented exposition of fashionable clothes and shoes in terms of diversity and vastness,” the companies said in a joint statement, ...
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News briefs
Amazon fined €1.129bn in Italy
The Italian fair trade agency, AGCM, has fined U.S. online retailer Amazon €1.129 billion for abuse of dominant position in order fulfilment. The regulator fined the companies Amazon Europe Core, Amazon Services Europe, Amazon EU, Amazon Italia Services and Amazon Italia Logistica. It noted that Amazon has a position of ...
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News briefs
Responsible Packaging Movement reaches 100 signatories
The Responsible Packaging Movement, launched last year by Columbia Sportswear’s prAna brand, has reached 100 signatories thanks to the addition of the footwear brands Sorel and Hoka. On its website, prAna explained that its goal is to completely eliminate plastic from its consumer packaging by 2021, as well as eliminate ...
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News briefs
Dutch consortium develops shoelaces from old denims
Four companies from the Dutch province of Limburg have jointly developed shoelaces from recycled jeans. The companies are DenimX, which upcycles denim waste, Eurocarbon, which makes woven reinforcements, the paper company Paperwise and Emma Safety Footwear, which will be the first to use the laces. Hultafors, the Swedish group that ...
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News briefs
Bavarian footwear retailers exempted from new Covid restrictions
Shoe retailers in Bavaria will not have to apply harsher Covid-19 restrictions rolled out in the whole of Germany for stores selling non-essential goods. According to a decision by Bavaria’s regional government, footwear retailers, along with other trades such as food stores, pharmacies, medical supply stores, opticians, bookstores, gas stations, ...
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News briefs
Rockrooster diversifies into hiking, outdoor footwear
Rockrooster, an Australian safety and work boots brand founded in 1980, announced its expansion into hiking and outdoor footwear. The company had started to sell several outdoor style boots by the end of 2020 but decided to launch a new consistent line of 15 outdoor shoes in 2022 that is ...
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News briefs
Metro Brands IPO to run Dec 10-14
The Italian footwear retailer Metro Brands is scheduled to hold an initial public offering open to subscription from Dec. 10 to 14. The transaction will comprise 2.5 billion rupees (€29.4m-$33.2m) worth of new shares and 21.9 million rupees (€2.6m-$2.9m) of existing equity sold by shareholders. The company will use the ...
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News briefs
Centric Software takes over Armonica Retail
Silicon Valley-based Centric Software, which provides product lifecycle management solutions to various sectors, including footwear, fashion and luxury, has acquired the retail planning solution provider, Armonica Retail. No financial details were released. Armonica Retail was founded in 2018 in Milan by Simone Pozzi and Riccardo Pron. Centric Software is majority-owned ...
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News briefs
Skechers launches Our Planet Matters collection
Skechers announced the release of a new collection of durable men’s, women’s and children’s sneakers using recycled materials and washable technologies, called Our Planet Matters. The recycled materials will be listed on hangtags and the packaging. It also announced a multi-year partnership with The Nature Conservancy, starting with a minimum ...
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News briefs
eBay buys the sneaker-authentication business of Sneaker Con Digital
eBay bought the sneaker-authentication business of Sneaker Con Digital, which operates in the U.S., the U.K., Canada, Australia and Germany. Terms of the deal, which was closed on Nov. 24, were not disclosed. The companies have been collaborating since October 2020, with Sneaker Con providing a panel of experts ...
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News briefs
Ecco picks Stratasys 3D printers for molds, shoe lasts
The Danish shoemaker Ecco has opted for Stratasys’s Origin One 3D printing technology to accelerate product development in its facilities in Portugal and Denmark. The printers are employed to produce molds and shoe lasts using a photopolymer from Henkel Loctite. “In our search to find the right partner, we tested ...
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News briefs
L.K. Bennett joins forces with Mode for new payment system
L.K. Bennett has entered a partnership with the fintech group Mode to offer customers of the U.K.-based fashion retailer a simpler way of paying for purchases. Mode’s app enables an instant and cardless payment through a QR code or a click of a button, with real-time authorization through biometric security ...
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News briefs
Global vegan footwear market forecast to reach $300bn in 2030
The vegan footwear market is expected to reach $300.19 billion by 2030 from $156.89 billion in 2020, representing a compound annual growth rate (CAGR) of 6.8 percent, according to a report published by Allied Market Research. North America contributed the highest share in terms of revenue in 2020, holding more ...
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News briefs
India hikes consumer tax on shoes
India’s Central Board of Indirect Taxes and Customs notified that the goods and services tax (GST) on products such as footwear, apparel and textile will increase to 12 percent from 5 percent from Jan. 1.
