All News briefs articles – Page 145
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News briefs
VF signs the UN Global Compact, commits to women’s empowerment
VF Corp. is a new signatory of the United Nations Global Compact (UNGC). The company has also endorsed the UN’s Women’s Empowerment Principles. The UNGC’s ten principles boil down to the upholding of “internationally proclaimed human rights,” freedom of association and collective bargaining for labor, the rejection of forced, compulsory ...
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News briefsWildberries has begun selling in Israel
Russia’s biggest online retailer, Wildberries, has stepped up its international expansion by entering the Israeli market, the company said in a statement. The company will be offering buyers in Israel up to 5 million items from 39,000 brands, including sports products, clothing, toys and household appliances. Purchased items are to ...
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News briefsShoepassion launches Henry Stevens brand
The Berlin-based footwear company Shoepassion has decided to market its men and women’s collections under the Henry Stevens brand from spring 2021. The company, which was founded in 2010 and already owns the brands N91 and Heinrich Dinkelacker, will retain the name Shoepassion. The company will take the opportunity of ...
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News briefs
Birkenstock wins ‘Brand of the Year’ award
The Footwear News Achievement Awards have named Birkenstock “Brand of the Year” for 2020. This is the German brand’s third win, after 2013 and 2017. A virtual ceremony took place on Dec. 8. Lyst reports that Birkenstock’s Arizona sandal is the world’s most sought-after shoe on its search engine and ...
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News briefsItalian industrial dynasty takes over Shang Xia
The Italian holding company Exor will invest €80 million in the Chinese luxury goods company Shang Xia, of which the French luxury goods company Hermès is a key shareholder. Exor will inject the funds into Shang Xia via a reserved capital increase that will result in it becoming the company’s ...
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News briefsOzon raises $1.20 billion in IPO and placement
The Russian e-commerce group Ozon raised $1.20 billion in an initial public offering (IPO) and a private placement with its shareholders AFK Sistema and Baring Vostok Fund. Through the two transactions, Ozon issued 42.45 million shares at $30 each, resulting in $1.27 billion in gross proceeds, but the monies fell ...
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News briefs
Gucci, Burberry, Prada, Dior, Moncler win Altagamma Digital Awards
Gucci, Burberry, Prada, Dior and Moncler are all winners of the Altagamma Digital Awards 2020, announced Dec. 4. The honors, organized by the Italian luxury goods association in collaboration with Internet marketing specialists ContactLab, recognize luxury brands that have distinguished themselves with their digital prowess. The awards, in their fourth ...
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News briefs
Schuhe24 expands management team
Germany’s Schuhe24 Group, which runs an online marketplace for independent retailers in many sectors, has expanded its management team by appointing Jürgen Hanke as head of retailers. The footwear expert, who took up the new post on Dec. 1, joined the company in April 2019, after working for 16 ...
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News briefsOne of Zalando’s three CEOs to step down
Rubin Ritter plans to step down as Zalando’s joint chief executive, responsible for strategy and communication. He and the company’s supervisory board will be negotiating to dissolve his contract, which was to run until November 2023. Ritter says that he will be spending more time with his expanding family and ...
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News briefs
Strong online sales on Black Friday in the U.K.
According to a survey by IMRG, the British online retail industry association, U.K. online retail sales on Black Friday this year grew by 38 percent, with the entire week around Black Friday (Nov. 23-30) showing a 30 percent increase. The survey was based on the daily online sales results of ...
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News briefs
Dune opens flagship in London
With the re-opening on Dec. 2 of non-essential stores in England following a four-week Covid-19 related lockdown, Dune London launched a new 1,650 square feet (153 square meters) flagship at 100 Liverpool Street, Broadgate, near London’s Liverpool Street station. The store has the brand’s complete men’s, women’s and accessories collections. ...
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News briefs
Giuseppe Zanotti enters license agreement with Alexandre Vauthier
The Italian shoe maker Giuseppe Zanotti has entered a license agreement with Alexandre Vauthier to manufacture and distribute footwear under the name of the French designer. Vauthier is scheduled to present the collection at his haute couture show in Paris in January, but Zanotti is unveiling a pre-collection in ...
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News briefsRalf Ringer launches a campaign to recycle shoes
Ralf Ringer has launched a campaign offering customers discounts on new footwear if they return old shoes. The Russian company will ship collected used shoes to its factories, where they will be reprocessed, with all re-usable materials returning into the production cycle. Non-reusable materials will be turned into rubber coatings ...
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News briefsStockX booms over Cyber Weekend
This year StockX enjoyed its best Cyber Weekend ever. The daily gross merchandise value (GMV) for the period averaged a growth of 100 percent year-on-year. Black Friday’s rate of one trade per second rose at times in the subsequent days to as much as three per second. The website received ...
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News briefs
Global footwear market to grow 2% a year to 2024 - Technavio
The global footwear market is expected to grow by an annual average of over 2 percent in the period running from 2020 to 2024, according to a report published by the research and advisory company Technavio. The increase would add $42.1 billion to the market’s overall size. It noted that ...
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News briefsOzon enjoys a successful IPO
The e-commerce giant Ozon went public on Nov. 24 on the Nasdaq stock exchange in New York, and enjoyed one of the most successful initial public offerings (IPO) for a Russian business in years. The company managed to sell 33 million shares at $30 each, raising $990 million. Initially, the ...
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News briefsHeelys’ parent undergoes strategic review
Sequential Brands, a U.S. group that has a portfolio of consumer brands including Heelys, Avia and DVS, said that its board has relaunched a “broad exploration of strategic alternatives.” The alternatives may include the sale of the company or the disposal of one or more brands. The company’s portfolio also ...
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News briefsZalando adds 1 mln clients during Cyber Week
Zalando acquired more than 1 million new customers during the sixth edition of its Cyber Week, surpassing last year’s new customer record. Gross merchandise volume (GMV) grew by about 35 percent over same the period and some 7,500 orders were placed per minute at peak times. The share of GMV ...
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News briefsVF opens its first multi-brand store
The VF Corporation has opened its first multi-brand store on a surface of 2,000 square meters on three levels in a landmark building near Milan’s cathedral. Named after its address, Orefici11 carries three brands – Timberland, The North Face and Napapijri – with dedicated show windows for each brand and ...
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News briefs
Record Cyber Monday in the U.S.
Online shopping in the U.S. reached $10.8 billion on Cyber Monday, according to Adobe Analytics. It was a 15.1 percent increase on the previous year and a daily record for online shopping in the country. Online shopping reached $5.1 billion on Thanksgiving and $9.0 billion on Black Friday, setting new ...
