All News briefs articles – Page 137
-
News briefs
Yeezy’s Adidas 2020 sales jump 31%
Sales of sneakers resulting from Yeezy’s collaboration with Adidas grew by 31 percent to nearly $1.7 billion in 2020, according to a document prepared by the Swiss bank UBS, details of which were reported by Bloomberg. The partnership generated $191 million in royalties for Yeezy, the sneaker and apparel business ...
-
News briefsAmazon becomes top clothing retailer in U.S.
Amazon overtook Walmart to become the top apparel and footwear retailer in the U.S. last year, as online sales jumped during the Covid-19 pandemic, according to research from the American bank Wells Fargo. The e-commerce giant’s apparel and footwear sales in the U.S. grew by about 15 percent in 2020 ...
-
News briefs
Pakistan’s footwear exports rise in volume
Footwear exports from Pakistan rose by 11.7 percent in volume to 11.5 million pairs, but fell by 6.2 percent in value to $88 million in the eight months to February. The country’s fiscal year runs from July 1 to June 30. Leather industry exports slipped by 4.2 percent to $567.4 ...
-
News briefs
Carlyle buys majority stake in END.
The American private equity The Carlyle Group has agreed to acquire a majority stake in the British luxury, streetwear and sportswear retailer END., which operates the website www.endclothing.com. The stake is being acquired from the founders Christiaan Ashworth and John Parker, who will retain a significant minority stake and remain ...
-
News briefs
French government may authorize extra clearance periods
The French government is studying the possibility of additional clearance periods to help companies, such as apparel and footwear retailers, to eliminate stocks accumulated during Covid-19-related lockdowns. In an RTL radio interview, the French Economy and Finance minister Bruno Le Maire said “we are studying two options which could be ...
-
News briefs
Mario Valentino wins trademark infringement case against Farfetch
Mario Valentino, an Italian producer of shoes, handbags and leather goods, has won a case in the Milan court against the e-retailer Farfetch UK and Modes, a boutique owner affiliated with Farfetch, for the improper use of the brand name Valentino. According to the terms of a co-existence agreement between ...
-
News briefs
Stone Island, New Balance in co-branding partnership
Stone Island, the Italian sportswear group owned by Moncler, and American athletic shoe brand New Balance announced a multi-year partnership that will see their first co-branded footwear being unveiled later this year. “Our collaboration with Stone Island is not only rooted in performance innovation, but elevating our mutual values of ...
-
News briefs
Aeffe posts a €21.4m net loss
In 2020, Aeffe, the Italian fashion house that owns Pollini and other brands, posted a net loss of €21.4 million against a net profit of €11.7 million a year earlier due to the impact of the Covid-19 pandemic. The adjusted net loss, which excludes non-recurring costs of €5.1 million, was ...
-
News briefsTempe’s sales fell to below €1 billion in 2020
Last year, for the first time since 2014, Tempe posted annual sales of less than €1 billion due to the impact of the Covid-19 pandemic. The company booked revenues of €997 million, down by 28.7 percent from 2019, and a net profit of €62 million. The gross margin widened to ...
-
News briefs
APLF postponed again to November
The organizers of APLF-Leather, Materials+ and Fashion Access have rescheduled the event from July 5-7 to November 17-19 in Hong Kong. This postponement follows a decision made by the Hong Kong government to extend the compulsory quarantine regulation until Sept. 30. The trade fair had already been postponed previously due ...
-
News briefs
Superga picks Hailey Bieber as brand ambassador
Superga, the Italian brand known for its cotton canvas sneaker, has chosen Hailey Bieber as its global ambassador. The American model, who married the Canadian singer Justin Bieber in 2018, features in Superga’s spring 2021 advertising campaign. The brand hired the photographer Stevie Dance to portray Bieber and the stylist ...
-
News briefs
Casadei suffers 30% sales decline in 2020
Casadei, the Italian luxury shoe maker, saw its sales decrease by about 30 percent in 2020 from the €29 million registered in 2019. Cesare Casadei, the company’s creative director, explained in an interview with financial daily Il Sole 24 Ore that the decline came despite growth in its online business, ...
-
News briefs
Munich’s largest shoe store to open in April
Schmid Schuhe Mode Sport is opening next month the largest shoe store in the Munich area, taking the place of a former Karstadt department store in the Olympia shopping mall. The 9,500-square-meter location will offer regular and sports shoes for the whole family on two floors. Based in Augsburg, the ...
-
News briefs
Dr. Martens to release a boot redesigned by Rick Owens
Through his company, the American designer Rick Owens has produced a new version of the Dr. Martens 1460 Bex platform boot, whose laces recall other Owens designs. The boot will be released on March 20, at a retail price of £299 (€349-$416), with a second Owens-designed model to follow in ...
-
News briefsRocky Brands closes Honeywell footwear’s takeover
Rocky Brands has completed its $230 million acquisition of the performance and lifestyle footwear operations of Honeywell International, noting that it will be immediately accretive to its own results. The business, which includes The Original Muck Boot Company and the Xtratuf, Servus, NEOS and Ranger brands, generated Ebitda of about ...
-
News briefs
EU plans to introduce a cross-border Covid pass by the summer
On March 17, the European Commission unveiled plans to create the so-called “Digital Green Certificate” to facilitate free movement inside the European Union during the Covid-19 pandemic. The certificate will be a proof that a person has been vaccinated against the virus, received a negative test result or recovered from ...
-
News briefsPorta appointed permanent CEO of Hunter Boots
British brand Hunter Boots has confirmed Paolo Porta as permanent CEO. Porta has held the position on an interim basis since replacing Vincent Wauters in June 2020. Prior to joining Hunter, he was senior vice president of merchandising and licensing at Jimmy Choo. Before that, he held roles in merchandising, ...
-
News briefs
Unlimited Footwear Group buys Braend
The Dutch footwear company Unlimited Footwear Group (UFG), best known for its Bullboxer brand, has taken over the men’s footwear brand Braend, which was founded in 2001 by Jasper van der Velden. The two companies are based in the Dutch footwear cluster of Waalwijk. Van der Velden will remain as ...
-
News briefs
H&M sales up 10% in March 1-13
Hennes & Mauritz (H&M) posted a 10 percent year-on-year increase in net sales in local currencies in the March 1-13 period, as Germany, the retailer’s largest market, and other countries began allowing stores to reopen as Covid-19 restrictions eased. H&M had about 900 stores temporarily closed on March 13, down ...
-
News briefs
Ugg's new capsule greens-up existing models
Ugg has launched a capsule collection to bring some of its existing shoe lines, such as the Fluff series, into compliance with the Paris Climate Agreement of 2016. Plant Power, as the collection is called, shifts the raw materials toward biodegradability. The collection is on sale through Ugg.com, Ugg stores ...
