All News briefs articles – Page 130
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News briefs
StockX probed by Italian competition authority
Italy’s competition regulator, AGCM, is investigating StockX – the U.S.-based online market for sneakers, streetwear, collectibles and other items – over various aspects of its service, among them allegedly misleading pricing. AGCM said that it is concerned by the “total absence” during the purchasing process of the identity of the ...
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News briefs
Desma cancels its house fair
Desma Schuhmaschinen, one of the world’s leading manufacturers of machines and systems for shoe manufacturing, has canceled the 2021 edition of its house fair exhibition scheduled in September because of the Covid-19 pandemic. The Desma house fair is held every two years in autumn in the German company’s headquarters in ...
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News briefs
New Balance partners with Returnity on waste-free sampling solution
New Balance is providing schools and clubs across the U.S. with team uniforms, which require a robust sample shipment process. Returnity, a specialist in reusable packaging integration for brands and retailers, has developed reusable shipping packaging for the Team Sports initiative at New Balance, with the objective of creating an ...
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News briefs
Superga grants a kidswear license
The Tuscan company Miniconf has obtained a three-year license, renewable for another three years, to produce kidswear under the Superga brand name. The license will start with the 2022 spring/summer collection and cater for 3-14 year old girls and boys. Superga, a 110-year brand known for its canvas sneakers, is ...
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News briefs
Besson to open 3 new stores on May 19
The French footwear retailer Besson Chaussures is opening on May 19 three new stores, including its first in Paris. Besson’s stores are typically located in the outskirts of urban areas. The retailer currently has a network of 164 stores. The Parisian store will occupy 940 square meters and will be ...
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News briefs
Tod’s chairman would sell to LVMH if he sells
Diego Della Valle, the chairman and main shareholder of Tod’s, said that if he ever decided to sell the company it would be to the French businessman Bernard Arnault. However, he added that he and his family currently have no plans to sell Tod’s. Arnault is the main shareholder of ...
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News briefs
U.K. retail sales surge driven by clothing and footwear
In April, U.K. retail sales rose by 9.2 percent month-on-month in volume thanks to the easing of Covid-19 restrictions, including the re-opening of all non-essential retail from April 12 in England and Wales and from April 26 in Scotland. During the period, sales for textile, clothing and footwear stores rose ...
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News briefs
TXJ swings back to a profit
In the first quarter ended May 1, the U.S. off-price apparel and home fashions retailer TXJ posted a net income of $534 million, resulting in diluted earnings per share of $0.44, against a net loss of $887 million, or $0.74 per diluted share, a year earlier when the company was ...
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News briefs
Skechers projects operating margins in the mid-teens
Skechers sees no structural impediment to reaching an operating margin in the mid-teens in the long term, compared with the 10 percent margin reached in 2019. The company told investors at a “Life After Covid” conference organized by Morgan Stanley that its centralized product development, management and marketing structure will ...
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News briefs
Sanuk releases all-gender collection
Sanuk has collaborated with the Pacific Pride Foundation, an LGBTQ+ community center in the California county of Santa Barbara, on an “all gender” footwear collection. The Deckers-owned brand has refashioned its women’s Yoga Sling 2 sandal into the all gender Sling ST, a vegan sandal with Soft Top Foam, and ...
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News briefs
Chaco collaborates with Stadium on slides
Chaco Footwear has collaborated with Stadium Goods, the sneaker and streetwear marketplace, on a series of Chillos Slides in men’s and women’s models. The shoes mark Stadium’s entry into footwear. They are monochromatic (in either of two Stadium colors: Blackout or Whiteout), have adjustable buckles, an EVA midsole and a ...
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News briefs
Vivobarefoot introduces new high-performance hiking boot “in harmony with nature”
Vivobarefoot has launched the Tracker Forest ESC, its latest high-performance boot for extreme forest and off-road conditions, available in men’s and women’s versions. The new footwear, which is part of the brand’s Extreme Survival Collection (ESC), was designed “in harmony with nature,” the brand said, and is made from renewable ...
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News briefs
3M launches Thinsulate Xerogel Insulation for textiles
3M announced the launch of a new Xerogel technology insulation in the coming months. Comprised of 60 percent post-consumer recycled material, the new 3M Thinsulate Xerogel Insulation is a highly porous structure consisting of 99 percent air for good thermal insulation properties. In order to apply this innovative material to ...
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News briefs
Management reshuffle at Sequential Brands
On May 3, William Sweedler resigned as executive chairman of the struggling Sequential Brands Group, which has been granted a waiver on its credit covenant defaults until June 7. The board of directors has elected one of its members, Silvia Mazzucchelli, as chairwoman. The company’s chief financial officer, Lorraine DiSanto, ...
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News briefs
Aeffe’s footwear, leather goods business outperforms
In the first quarter of 2021, the footwear and leather goods division of Aeffe, the Italian fashion house that owns Pollini and other brands, posted an increase in sales of 17.1 percent at constant currency rates to €35.9 million. For the group as a whole, sales totalled €80.1 million, up ...
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News briefs
Micam cautiously optmistic about September edition
Siro Badon, the chairman of Micam and of the Italian footwear association Assocalzaturifici, said that he was “cautiously optimistic” about holding a physical edition of the Milan-based trade fair from Sept. 19 to 21. The physical edition of Micam scheduled from March 21 to 23 was cancelled because of the ...
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News briefs
Eram to open stores co-branded with Texto and Bocage
The French footwear retailer Eram has revamped four stores that will be co-branded with its low-to-mid tier brand Texto and premium label Bocage. The stores are scheduled to be launched on May 19 with the easing of Covid-19 lockdown measures in France. Eram first tested a co-branded store with Texto ...
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News briefsGenesco names Parag Desai chief strategy and digital officer
Genesco has appointed Parag Desai senior vice president, chief strategy and digital officer. He previously served as senior vice president, strategy, and shared services since December 2014. In the newly created role, Desai “will continue to provide critical leadership in executing Genesco’s footwear focused strategy and building its shared technology, ...
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News briefs
Skechers to open its first French outlet store
Skechers is planning to open its first outlet store in France this summer. The store will be located in Corbeil-Essones, south of Paris. The U.S. brand already has three company-managed shops and nine franchise stores in France.
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News briefs
Bally and Marquee Brands reportedly vying for Sergio Rossi
Bally and Marquee Brands, a U.S. firm that owns several brands including the Italian shoemaker Bruno Magli, are competing to buy the Italian footwear brand Sergio Rossi from the investment fund Investindustrial, according to the financial information website Mergermarket. According to the website, talks are at an advanced stage and ...
