All News briefs articles – Page 112
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News briefs
Crocs to provide resale-as-a-service with ThredUp
Crocs is launching a resale program with ThredUp’s Resale-as-a-Service (RaaS) platform. The program is called “Clean Out” and is likewise intended to help the brand achieve net-zero carbon emissions – in this case by 2030 – and establish a circular economy. Customers in the U.S. can go online and print ...
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News briefs
Norda puts a graphene membrane into a shoe
Norda, the new Canadian brand of running shoes, has come out with what it claims to be the first shoe that features a graphene membrane. A British company, Inov-8, had put the material in its shoes before, but in their soles and midsoles. Graphene’s high thermal conductivity allows it to ...
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News briefs
U.K. anti-trust authority again blocks the JD Sports-Footasylum merger
The U.K.’s Competition and Markets Authority (CMA) issued a new verdict on Nov. 4 confirming its conclusion that JD Sports Fashion must divest Footasylum, the chain of sports fashion stores that it bought in May 2019, as it has resulted, or may be expected to result, in “a substantial lessening ...
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News briefs
Boohoo agrees preliminary terms of U.S. class action lawsuit
The British fast-fashion retailer Boohoo has agreed to terms of a preliminary settlement with parties that brought a U.S. class action claim alleging its promotions in California misled shoppers. The company said the preliminary settlement will be covered in full by its existing claims provisions, which stood at £19.1 million ...
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News briefs
Mitchell & Ness revives century-old athletic brand
Mitchell & Ness has revived Hood Rubber Company, a footwear brand that closed up shop in 1972. The brainchild of Frederic and Arthur Hood dates back to 1896. In 1914 it was among the first to produce a basketball shoe, with a canvas upper, and to use aluminum, rather than ...
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News briefs
OVS takes over Gap stores in Italy
The Italian apparel retailer OVS agreed to buy all 11 Italian stores of its U.S. peer Gap. The deal is anticipated to complete in February 2022. The two companies have worked together since early 2020. Through a franchise agreement, OVS offers GapKids in its stores and Gap Adult and Kids ...
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News briefs
PLD introduces intermold technology into footwear
The U.S. company Parting Line Design (PLD) announced the introduction of the one-step injection molding solution Intermold in the footwear industry. The international group Aplix holds the patent for Intermold and the technology is already used in other industries including the medical, automotive and cleaning sectors. PLD explained that Intermold ...
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News briefs
Vans to release two collaborative collections
Vans’ two latest collections are collaborations with the Japanese streetwear brand Bape (A Bathing Ape) and the Italian outerwear brand Napapijri. Vans x Bape, which is due for release on Nov. 30, consists of redesigns of established Vans models – specifically two sneakers and a hoodie – that blend elements ...
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News briefs
VF makes new CSR pledges
VF Corp’s fourth sustainability and responsibility report says the group will achieve zero waste verification at all its warehouses and distribution centers by the end of this year, compared with 72 percent at present. This would mean that at least 95 percent of their waste will be diverted from landfills. ...
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News briefs
Zalando’s Zircle app adds resale option in Germany
Zalando has revamped and relaunched the Zircle app in its home market. German customers of the Zalando marketplace can now return articles of womenswear bought from their fellow customers there. All such items appear in the customers’ order history on the app. The new service will be extended to menswear ...
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News briefs
Hoka collaborates with Moncler
Hoka One One has collaborated with the outdoor brand Moncler to produce a limited edition of its Mafate Speed 2 trail running shoe. The Mafate S is designed for both mountains and, thanks to the addition of reflectors, city streets. The outsole is made of Vibram Megagrip, the detailing is ...
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News briefs
American Exchange Group enters a partnership with Aerosoles
American Exchange Group has entered a partnership with the footwear brand Aerosoles to deliver a value-oriented footwear line. Together the two companies will collaborate on the design, branding and strategy for a new Aerosoles collection targeted to the mass and off-price channels. “This partnership marks an exciting new chapter in ...
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News briefs
Allbirds opens its first store in New Jersey
Allbirds, the B Corporation certified Californian brand of footwear and apparel, has opened a 3,140-square-foot retail store and community center at the Garden State Plaza in Paramus. It is the brand’s first store in New Jersey and 35th globally, with locations across North America, Asia and Europe. Displays around the ...
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News briefs
VF appoints new investor relations head
VF Corp. has appointed Allegra Perry to the position of vice president, investor relations, effective Jan. 2022. She will report to VF’s chief financial officer, Matt Puckett, and work closely with the group’s executive leadership team and executives across the company’s 12 brands, including The North Face, Timberland, Vans and ...
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News briefs
Puma raises FY sales guidance
Puma raised its outlook for full-year sales after reporting solid growth in sales and earnings in the third quarter ended Sept. 30 despite persistent supply chain headwinds and difficulties for Western brands in China. Sales in the three month period increased by a reported 20.0 percent to a quarterly record ...
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News briefs
Wolverine amends its credit facilities
Wolverine Worldwide has amended and extended its credit agreement with JP Morgan Chase, refinancing a $200 million term loan and taking its existing revolving credit up from $800 million to $1 billion. The maturity of both credit facilities has been stretched to end on Oct. 21, 2026. There was an ...
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News briefs
BasicNet boosts sales, Ebitda
BasicNet said its Ebitda for the third quarter ended Sept. 30 was 23.7 percent higher than in the same period of a year ago and 6.3 percent higher than in the third quarter of 2019. Without providing a quarterly breakdown for other key indicators, the Italian-based parent company of Kappa, ...
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News briefs
Galaxy will buy Sequential’s active brands for $330m
Galaxy Universal announced that it has won the auction for the active brands portfolio of the bankrupt Sequential Brands Group, which includes And1, Avia, Gaiam and SPRI. The $330 million deal, which is still subject to court approval, is expected to close in mid-November. Galaxy had already made a “stalking ...
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News briefs
Zalando launches Connected Retail in Italy
Zalando is launching its Connected Retail program in Italy, offering a reduced commission until the end of the year to the physical retailers that wish to join its online marketplace. Like in 12 countries where this service is already available, the goods will be ordered through Zalando’s website and delivered ...
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News briefs
Sabu and Zusa enter a partnership
Sabu, a German retail cooperative, and Zusa, a Swiss footwear buying group, have agreed on a strategic partnership scheduled to start next year. The parties expect that the collaboration will lead to significant synergies in many activities, reduce costs and further improve the services for their members in both countries. ...
