All News briefs articles – Page 141
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News briefs
Dune to ask landlords to concede more
Dune is reviewing its business and will ask landlords to concede more as trading conditions remain difficult in the U.K. “The trading environment continues to be extremely tough, and like many other high street retailers, we are reviewing all aspects of our business to ensure we’re in the best position ...
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News briefs
Deckers appoints DTC and digital specialist to its board
Deckers Brands has appointed Maha S. Ibrahim to its board of directors, effective Feb. 1. Mike Devine, chairman of the board, said he especially values her experience identifying trends and driving growth in the direct-to-consumer and technology sectors. He also said Ibrahim’s insights and capabilities align with management’s focus on ...
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News briefs
Jana Shoes releases a vegan collection
Jana Shoes’ new capsule for autumn/winter 2021, the Vegan Collection, comprises three models with a selection of 17 colors. All have removable footbeds, pressure-elastic Jana Relax zones and Relax flexible soles. Moreover, PFI Germany, the testing company in the town of Pirmasens, has certified that all materials in the collection’s ...
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News briefsShoe Carnival's Q4 comparable sales up by 6.4%
Shoe Carnival saw its net sales increase to $253.9 million in the fourth quarter ended Jan. 30 from $239.9 million a year earlier. Comparable store sales rose by 6.4 percent year-over-year during the quarter, on top of a 3.2 percent increase in the fourth quarter of fiscal 2019. The American ...
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News briefs
Dr. Martens shareholder exercises over-allotment option
Dr. Martens said that the broker Goldman Sachs International exercised the over-allotment option granted by IngreLux, a Luxembourg company owned by funds advised by the British investment firm Permira, as part of the initial public offering of the British footwear company. With the exercise of the option, an additional 52,500,005 ...
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News briefs
Ballin Franco declared bankrupt
On Jan. 20, Ballin Franco & C. was declared bankrupt for insolvency by a court in Venice, Italy. The company is not to be confused with the luxury shoe maker Ballin, which is located in the same town of Fiesso d’Artico and that was recently taken over by Chanel. The ...
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News briefs
Crocs hires a manager from Nike
Emma Minto has joined Crocs as senior vice president and general manager in charge of all the operations of the fast-growing brand of comfort shoes in North America. She had spent 16 years with Nike in various roles, most recently as vice president and general manager for Nike Women’s in ...
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News briefs
Brexit controls suspended in Northern Ireland
Controls introduced in Northern Ireland due to Brexit were suspended Monday evening in the ports of Belfast and Larne due to threats to personnel. Mid and East Antrim council on Monday night announced it was withdrawing 12 of its staff at Larne port with immediate effect due to concerns for ...
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News briefs
Inditex among the founders of new MIT-led climate consortium
Inditex, the owner of Zara and other brands, is one of the 13 founders of the new MIT Climate and Sustainability Consortium, an alliance of companies that will work with MIT (Massachusetts Institute of Technology) to build a process, market, and ambitious implementation strategy for environmental innovation. The other founders ...
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News briefsAeffe sees signs of recovery
In 2020, the footwear and leathergoods division of Aeffe, the Italian fashion house that owns Pollini and other brands, posted a decline in sales of 16.2 percent, both on a reported basis and in constant currencies, to €107.4 million because of the Covid-19 pandemic. For the group as a whole, ...
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News briefsZalando joins the Ellen MacArthur Foundation
Zalando has joined a circular economy network by becoming a member of the U.K.-based Ellen MacArthur Foundation. The German online retailer said that the collaboration is in line with its commitment to apply the principles of circularity and extend the life of at least 50 million fashion products by 2023. ...
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News briefsLVMH fashion and leather goods sales surge in Q4
Organic sales of the fashion and leathergoods division of the French luxury goods conglomerate LVMH rose by 18 percent in the fourth quarter, reducing the full-year decline to 3 percent. On a reported basis, full-year sales for the division were down by 5 percent to €21.207 billion due to the ...
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News briefs
H&M sales decline accelerates amid new store closures
Hennes & Mauritz (H&M) saw net sales decrease by 23 percent year-on-year in local currencies in the period running from Dec. 1 to Jan. 27, up from the 10 percent decline seen in the fourth quarter ending Nov. 30, as its top line was hit by new temporary store closures ...
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News briefs
ANWR Schuh’s Albert Mayer retires
ANWR Schuh’s head of purchasing and goods Albert Mayer will retire at the end of Jan. The sixty-four-year-old manager has worked in the industry for 47 years and has been serving in his current position at ANWR Schuh for the past 12 years. ANWR’s managing director Tobias Eichmeier will ...
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News briefs
Germans’ willingness to buy is in “freefall”
The propensity to buy of German consumers is “in freefall,” according to the think tank GfK. Hit by strict Covid-19 related lockdowns, consumer confidence in Germany is seen falling to -15.6 in February from -7.5 in January, which was revised from an original reading of -7.3. “The closure of the ...
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News briefs
Cortina hires a new global marketing manager
Cortina has hired Karen Bellinck as global marketing manager. Bellinck joins the company from the luggage maker Samsonite, where she worked for nearly 20 years and became wholesale director. Cortina is a Belgium-based company producing private label footwear as well as footwear and apparel under licensed and house brands. The ...
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News briefs
Jimmy Choo to open a fashion academy in London
The designer Jimmy Choo announced the opening of the JCA/London Fashion Academy in September. Located in the heart of Mayfair, it aims to provide students with design and entrepreneurial skills. In a statement, he described London as a global fashion hub that “has created many of the world’s most exciting ...
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News briefs
Google probed by the EU
Google is under dual investigations in the European Union for allegedly abusive practices in its advertising business. This month, according to Reuters, anti-trust regulators for the EU have sent to a number of advertisers a 13-page questionnaire regarding the “Include Google Display Network” default setting for search campaigns on Google ...
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News briefs
South Korea has breached labor commitments with EU
A report published by a panel of experts confirmed the EU’s concerns that South Korea has not acted consistently with its trade and sustainable development obligations under the EU-Korea trade agreement, according the European Commission. The independent panel concluded that South Korea needs to adjust its labor laws and practices ...
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News briefsLenzing unveils plans for major solar energy project in Austria
Lenzing, the producer of Tencel fibers, has unveiled plans for a photovoltaic plant in Austria on around 55,000 square meters, set to become the largest ground-mounted photovoltaic plant in Upper Austria. With approximately 16,000 modules, the plant will generate nearly 5,500 megawatt-hours per year, which corresponds to the average annual ...
