All News briefs articles – Page 11
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News briefs
LVMH’s sales and earnings decline in H1
LVMH’s fashion and leather goods division posted revenues of €19.115 billion in the first half of 2025, down by a reported 8 percent year-over-year and down by 7 percent organically. The profit from recurring operations for the division decreased 18 percent to €6.636 billion. Sales for the whole French ...
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News briefs
EU and US reach a tentative trade deal
The US and EU announced a tentative deal under which the EU would pay a 15 percent tariff on nearly all exports to the US. In return, the EU plans to purchase $750 billion in US energy and invest $600 billion in sectors such as pharmaceuticals and automobiles. Pharmaceuticals, steel ...
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News briefs
Italy’s working-age population may decline 34% by 2060
Due to the aging of its population, Italy’s working-age population could decline by 12 million people by 2060, based on the findings of the Employment Outlook 2025 of the Organisation for Economic Co-operation and Development (OECD), which comprises 38 countries. According to the survey, Italy’s working-age population could decline by ...
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News briefs
Injunction denied in lawsuit over 3G’s acquisition of Skechers
A California district court has denied a motion for injunction from the Key West Police Officers & Firefighters Retirement Plan to stop the acquisition of Skechers by 3G Capital Partners. The plaintiff, the court says, has failed to specify information that has not yet been supplied, regardless of Skechers’ failure ...
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News briefs
Shoe Carnival integrated Algolia’s AI search module to improve conversion rate
Algolia, a provider of AI search solutions, serving over 18,000 businesses and 500,000 developers globally, said that Shoe Carnival has integrated its AI-powered search with Amplience’s Commerce Experience platform to redefine its digital shopping experience. “We’ve always wanted to deliver unique digital shopping experiences to our customers, but, before ...
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News briefs
US reaches trade deals with Japan, Philippines
The US and Japan have reached a trade deal, according to the US President, Donald Trump. Trump wrote on the social media platform Truth Social that Japanese imports would face a 15 percent tariff entering the US, below the 25 percent tariff he had threatened if Japan did not reach ...
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News briefs
French footwear sales fall sharply in June
In June, French footwear retail sales fell by a seasonally and working-day adjusted 3.8 percent month-on-month, after falling 1.6 percent in May, according to the Bank of France. Overall, retail sales in France fell a seasonally and working-day adjusted 0.7 percent from May, when they contracted by 0.3 percent, the ...
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News briefs
Keen enters trail running segment
US footwear brand Keen is entering the trail running market with the launch of its first-ever trail running shoe, the Seek, set to debut globally on July 25, 2025. The Seek combines Keen’s established reputation for comfort and durability with a lightweight, high-performance build aimed at recreational runners. Developed over ...
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News briefs
Golden Goose opens in Milan and Dubai its first junior stores
Italian luxury sneakers brand Golden Goose has opened in Milan and Dubai its first stores dedicated to children’s footwear. The design of the stores is inspired by children’s bedroom, with every element featuring on an exaggerated scale – e.g. huge toys and an oversize bed. The opening of the two ...
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News briefs
Santoni sees full-year sales rising to over €130m
The year of its 50th anniversary, Santoni expects sales to rise by 10 to 12 percent to about €133 million, according to the Executive Chairman Giuseppe Santoni. In the first half of 2025, the Italian brand of luxury shoes posted a 10.5 percent increase in revenues to €64.2 million, of ...
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News briefs
Inuikii opens its first flagship store in Zurich
Inuikii, a Swiss sustainable luxury footwear brand, is set to open its first flagship store in its hometown of Zurich, shifting its focus back to the domestic market after a period of strong expansion in Asia. Work on the store began in June, with the opening planned for September. Inuikii ...
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News briefs
Brand Masters expands its team
Brand Masters, a German shoe sales agency, has expanded its sales team with the appointment of Thomas Joussen as a Sales Representative for the Central Germany region. Joussen now oversees sales for the Verbenas, Meline, Mimmu and Thea Mika brands. Beginning with the fall/winter 2026-2027 season, he will also manage ...
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News briefsPölking appoints a new Managing Director
Pölking, a German shoe wholesaler, has appointed Dirk Pues as its new co-Managing Director alongside Angelika Pölking. He will be primarily responsible for sales and marketing, as well as the further development of the Osnabrück-based company’s own brands, helping the wholesaler strengthen its existing markets and expand into new ones. ...
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News briefs
Alegria launches the Alegance collection
Alegria, a California-based women’s comfort shoe brand, is launching Alegance, a collection of ballet flats, heels and loafers. The new collection is available from fall 2025. “After years of innovative development, we’ve found the perfect balance to integrate our robust, supportive footbed into a sleek, trim silhouette,” said Irene Chen, ...
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News briefs
ISS trade fair 2026 in Wiesbaden canceled
The Inter-Schuh-Service (ISS) trade fair, originally scheduled to run from March 7 to 9, 2026, at the RheinMain CongressCenter in Wiesbaden, has been canceled, according to ZDS, the central association of the German shoemaking trade. In a statement, ZDS President, Arno Carius, and Managing Director, Falk Dossin, cited industry transformation ...
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News briefs
Vietnam footwear exports up by 10.1% in first half
In the first half of 2025, Vietnam’s footwear exports rose by 10.1 percent year-on-year to about $12 billion, while the exports of handbags, suitcases and umbrellas reached nearly $2.2 billion, up by 11.6 percent, according to the country’s National Statistics Office. Overall exports for Vietnam’s leather, footwear and handbag industry ...
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News briefs
Italy GDP seen up 0.8% this year
Italy’s gross domestic product (GDP) could still rise by 0.8 percent in 2025 despite a high degree of uncertainty, according to the Italian retailers association Confcommercio. In the second quarter of 2025, Confcommercio expects Italian GDP grew by 0.3 percent compared to the previous quarter and by 0.8 percent year-on-year ...
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News briefs
The US and Indonesia finalize a trade deal
The US President, Donald Trump, and the Indonesian President, Prabowo Subianto, announced that the two countries have reached a trade agreement, under which Indonesian goods exported to the US will face a 19 percent tariff. In a letter sent to the Indonesian government on July 7, Trump had threatened ...
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News briefs
Genesco signs a licensee agreement with Wrangler
Genesco has signed a new multiyear licensing agreement with Wrangler, a US denim and lifestyle brand, under which the American footwear retailer will design, source and market men’s, women’s and children’s footwear under the Wrangler brand. “The agreement between Wrangler and Genesco is a strategic move for both companies, designed ...
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News briefs
Rack Room Shoes names a Chief Merchandise Officer
Rack Room Shoes, a US footwear retailer headquartered in Charlotte, North Carolina, has promoted Brian Burnett to Senior Vice President, Chief Merchandise Officer. He was Senior Vice President, General Merchandise Officer. In his new role, Burnett will lead the company’s product and merchandising strategies, while driving innovation and ensuring alignment ...
