All News briefs articles – Page 12
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News briefs
Steve Madden’s Chief Merchandising Officer resigns
Steve Madden’s Chief Merchandising Officer, Karla Frieders, voluntarily resigned, effective June 30, for personal reasons, according to a filing with the US Securities and Exchange Commission. The US company does not intend to appoint a new Chief Merchandising Officer at this time, with certain of Frieders’ responsibilities being assumed by ...
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News briefs
Loro Piana placed under judicial administration in Italy
Loro Piana, the Italian luxury brand controlled by the French luxury goods group LVMH, has been placed under judicial administration for one year by a Milan-based court. According to the court, Loro Piana has been deemed “incapable of preventing and curbing labor exploitation phenomena within the production cycle” in ...
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News briefs
Kingmaker swings to a loss
The Chinese footwear manufacturer Kingmaker reported a net loss of HK$33.89 million (€3.7m) for its fiscal year ended March 31 compared with a HK$20.22 million (€2.2m) profit recorded the previous year. Revenues declined by 9 percent year-over-year to HK$625.88 million (€68.1m), with the company citing subdued order flow, lower average ...
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News briefs
Converse to get new President and CEO
Converse’s President and CEO, Jared Carver, will soon be stepping down, according to an internal memorandum at parent company Nike that both Reuters and Bloomberg have seen. Succeeding him will be Aaron Cain, who has been with Nike for more than 20 years and is serving at the moment as ...
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News briefs
US threatens 35% tariff for Canada
US President, Donald Trump, announced that from Aug. 1 he plans to apply a 35 percent tariff on goods imported from Canada if a trade agreement is not reached. In a letter dated July 10 sent to the Canadian prime minister, Mark Carney, Trump warned that the US will increase ...
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News briefs
Wolverine makes 2 board appointments
Wolverine Worldwide appointed Cheryl Abel-Hodges and Jack Boyle to its board of directors, effective immediately. Both bring decades of experience in brand leadership and merchandising strategy across major retail and apparel companies. “Cheryl and Jack are tremendous additions to our board,” said Chris Hufnagel, the President and CEO of Wolverine ...
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News briefs
Footasylum full-year revenues up by 9.4%
Footasylum, the UK-based sports fashion retailer, delivered record-breaking results for the fiscal year ending January 2025. Revenues reached £349.5 million (€404.9m), up by 9.4 percent from £319.5 million (€370.1m) a year earlier. Store sales rose by 3 percent to £172.6 million (€199.9m), while online sales increased by 6 percent ...
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News briefs
Trump sends tariff rates to 14 countries including Bangladesh and Cambodia
The US President Donald Trump has sent letters to leaders of 14 countries with so-called reciprocal import tariffs. The letters, dated July 7, were published on Trump’s social media Truth Social. The tariffs are applicable from Aug. 1 and are ”separate from all sectoral tariffs,” the letters explained. The duties ...
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News briefs
French online sales increase in 2024
After two years of decline, online sales of goods picked up in France during 2024 to reach €66.9 billion and came close to the record of €67.0 billion achieved in 2021, according to the e-commerce trade assocation Fevad. Footwear was one of the items most purchased online, with 49 percent ...
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News briefs
K-Way names Marco D’Avanzo head of international business
K-Way has appointed Marco D’Avanzo as Chief International Business Officer. D’Avanzo announced this news via his LinkedIn profile. Most recently, he served as Executive Vice President Global Sales at Canadian outerwear brand Moose Knuckles for the past eight years. Prior to that, he was Sales Director at Woolrich from 2013 ...
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News briefs
Freebird closes its HQ and most of its stores
The US footwear retailer Freebird has closed its headquarters in Denver and 14 of its 20 stores due to financial difficulties. Freebird is controlled by the turnaround company Ampleo, which was appointed as a caretaker by a Denver court on May 20. The retailer was reportedly being sued by KeyBank ...
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News briefs
FDRA elects a new board
The Footwear Distributors and Retailers of America (FDRA) has elected a new board for the 2025–2027 term. The newly elected leadership includes Josue Solano, Chief Executive Officer of BBC International, as Chairman of the board; Dan Friedman, Chief Sourcing and Supply Chain Officer at Caleres, as Vice Chairman; and Lisa ...
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News briefs
Vietnamese companies diversifying their supply chain
According to a PwC study, 86 percent of Vietnam’s manufacturers are very concerned about the US tariff policy, and 44 percent of the companies are already diversifying their sources of supply to other countries to reduce their reliance on China. The survey also showed that 34 percent of Vietnamese companies ...
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News briefs
Zalando’s head of Nordics and Benelux leaves
After five years as Zalando’s General Manager for the Nordic region and Benelux, Fabio Baum is stepping down. ”After five incredible years, it’s time to say goodbye to Zalando 🧡,” Baum wrote on LinkedIn.”From navigating the challenges of the pandemic, to launching and scaling operations in eight new markets, to ...
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News briefs
Frasers sets up a new financial arrangement
Frasers Group has now entered into a new term loan and revolving credit facility with its banks which replaces its existing financing facilities of £1.65 billion (€1.91bn), excluding Frasers Group Financial Services Limited’s securitised loan. The new facility, which is valid for three years, with two one-year extension options for ...
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News briefs
Caleres increases and extends its revolving credit facility
Caleres has entered into an amendment of its credit agreement, which extends its senior secured asset-based revolving credit facility to June 2030. The US footwear company’s borrowing capacity under the agreement will increase by $200 million to $700 million, and includes an accordion feature, which allows Caleres to request an ...
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News briefs
Saucony opens its first flagship store in the UK
On June 19, Saucony opened its first store in the UK, located in London´s Covent Garden, where a lot of sports brands are already present. Saucony wants its new store to be more than just a retail space; the brand wants to become a “meeting place for London’s running community.” ...
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News briefs
Brazilian footwear firms expect to generate $21.77m in sales thanks to Expo Riva Schuh
At Expo Riva Schuh and Gardabags, the Italian trade show specializing in footwear, bags and accessories held from June 14 to 17 in Riva del Garda, Brazilian exhibitors sold more than 497,000 pairs of shoes for a total value of $6.0 million. Based on the deals struck during the trade ...
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News briefs
Scarpa appoints Trentin and Regeni as co-CEOs
Asolo-based technical footwear manufacturer Scarpa has announced on LinkedIn the appointment of Stefano Trentin and Pierantonio Regeni as co-CEOs, effective July 1. Trentin will oversee the Product and Market areas, while Regeni will manage Administration and Operations. The appointments were approved by the board of directors, which includes representatives from ...
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News briefsSperry reenters the British and Irish markets
Authentic Brands Group (ABG) signed an agreement with Gardiners Bros, a British distributor of global footwear and apparel brands, for the distribution of Sperry footwear for men and women across the UK and Ireland. “This partnership reintroduces the brand to a market where it holds strong awareness and affinity, supporting ...
