All News briefs articles – Page 111
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News briefs
StockX acquires Scout
StockX is making its first acquisition, and the target company is Scout, which has developed a the cloud-based inventory-management software topShelf. Once the deal goes through and the integration is completed, StockX will be inviting certain subscribers to use Scout’s automation, inventory management, distribution and pricing tools free of charge. ...
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News briefs
Austria reintroduces a general lockdown from Nov. 22
The Austrian government announced a general lockdown starting Nov. 22 and lasting for three weeks, amid a resurgence of Covid-19 cases in the country and increasing pressure on intensive care units. It is the first European Union country to reimpose a lockdown. “Despite months of persuasion, we haven’t succeeded in ...
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News briefs
Nice Footwear share price up 60% in bourse debut
The share price of Nice Footwear rose by 60.0 percent to €16.00 on Nov.18, the first day of trading for the Italian footwear company on the Euronext Growth segment of the Milan stock exchange. The stock was sold at €10.00 in an initial public offering comprising only newly issued shares. ...
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News briefs
Prada sees sales rising to €4.5bn in the medium term
The Italian fashion house Prada expects to achieve revenues of about €4,500 million in the medium term with an Ebit margin of around 20 percent, while doubling online’s share of retail revenues to 15 percent of the total. In 2020, Prada posted overall revenues of €2,423 million and retail sales ...
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News briefs
Macy’s to launch a digital marketplace
The U.S. retailer Macy’s plans to launch in the second half of 2022 a digital marketplace to build on its digitally led omnichannel model. The company is partnering with Mirakl to power the platform. “The new marketplace will significantly expand the company’s assortment in existing categories and brands and introduce ...
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News briefs
Clarks Originals opens second store
Clarks Originals, a brand of the British shoemaker Clarks, has opened a store in the town of Street, England, in the building where the company was first founded in 1825. The other Clarks Originals store is on Berwick Street in London.
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News briefs
Amazon U.K. bans Visa cards
Amazon has informed British customers that it will no longer accept payments made with Visa credit cards from Jan. 19 blaming a “high cost of payments”. “As a result of Visa’s continued high cost of payments, we regret that Amazon.co.uk will no longer accept U.K.-issued Visa credit cards as of ...
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News briefs
Nice Footwear IPO priced €10 a share
Nice Footwear, an Italian company specializing in sneakers, priced its initial public offering (IPO) at €10.00 per share, in the middle of its indicative price of €9.00-€11.00. The stock is scheduled to start trading on the Euronext Growth segment of the Milan stock exchange on Nov. 18. The company sold ...
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News briefs
Roberto Cavalli sees 2021 sales at €60m
Roberto Cavalli posted revenues of about €46 million in 2020 and expects to see the top line rise to about €60 million this year before reaching €80 million in 2022, when the Italian fashion house also expects to reach breakeven. The company said that its future development will depend on ...
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News briefs
Expo Riva Schuh releases online events calendar
Riva del Garda Fierecongressi, the organizers of Expo Riva Schuh and Gardabags, confirmed that the trade shows will be held Jan. 15-18 at the exhibition center of the Italian town of Riva del Garda to present collections for the autumn/winter 2022-2023 season. They also released a calendar of online events ...
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News briefs
Austria enforces lockdown for the unvaccinated
In Austria, retailers face the “lockdown for unvaccinated people aged 12 and older” that the government has just enforced. The new regulation states that unvaccinated individuals or those who have not yet contracted Covid-19 and recovered from it are not allowed to shop at non-food retailers (so-called “2G rule”). Furthermore, ...
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News briefs
Pollini sales rise sharply
In the first nine months of 2021, Pollini, a footwear brand owned by the Italian fashion house Aeffe, posted sales of €21.6 million, up by 26.9 percent from a year earlier and representing 8.6 percent of Aeffe’s total revenues. Over the period, Aeffe’s sales totaled €250.0 million, up by 20.9 ...
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News briefs
Saucony hires Brian Moore as global product head
Saucony, part of the Wolverine Worldwide group, has appointed footwear industry veteran Brian Moore as senior vice president of global product, effective immediately. In his new role, Moore will be responsible for Saucony’s global brand footwear and apparel strategies, including design, development and product innovation. Moore will report directly to ...
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News briefs
Richemont, Farfetch in talks to expand their partnership
Richemont is in advanced talks to enhance its partnership Farfetch. The deal under discussion would involve Farfetch investing directly in Yoox Net-a-Porter (YNAP) as a minority shareholder, with other investors to be invited to participate, according to the Swiss luxury goods company. Other industry players and investors have already indicated ...
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News briefs
Pittards not affected by situation in Ethiopia
Pittards, a British producer of leather and luxury leather goods, said that its activities in Ethiopia have not been affected by the war in the country. “The board is mindful of the current situation in Ethiopia. At present, the group’s operations in Ethiopia, including the free flow of goods, activities, ...
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News briefs
Xero Shoes debuts European website
Xero Shoes has inaugurated a European e-commerce website, at www.XeroShoes.eu, starting by offering discounts of 12 to 70 percent for a while. The American brand of “natural movement” footwear produces several models in three categories: performance, casual and sandals. The performance models cover walking, road running, trail running and hiking, ...
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News briefs
Mime et moi is up for sale
In order to relaunch the Munich-based brand Mime et moi, the administrator Axel Bierbach from the law firm Müller-Heydenreich Bierbach & Kollegen (Munich) has launched a procedure to find an investor who can inject fresh capital into the start-up in order to guarantee the continuation of its activities and save ...
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News briefs
Wildberries launches branded pick-up points outside Russia
The Russian e-commerce giant Wildberries has launched its first branded pick-up points outside Russia. They were rolled out in Belarus, Armenia and Kazakhstan to improve brand recognition in those markets. “Wildberries launched sales in Belarus in 2012, entered the Kazakh market in 2014, and the Armenian market in 2018. The ...
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News briefs
Adidas strikes a cautious note after a 3.4% sales hike in Q3
Adidas toned down its expectations for full-year sales and earnings as the company’s growth slowed in the third quarter due to supply chain disruptions, Covid-related lockdowns in Asia-Pacific and a “challenging” market environment in Greater China. In the quarter, Adidas saw its sales edge up by just 3.4 percent to ...
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News briefs
Allbirds’ IPO proceeds rise to $348m
The underwriters of Allbirds’ public offering fully exercised an over-allotment option to purchase additional shares, which was not surprising in view of the doubling in the initially offered price of $15 a share in the course of trading. All in all, Allbirds has placed a total of 16,850,799 shares, raising ...
