All News briefs articles – Page 149
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News briefsYouTube is testing shopping features
Google is testing the idea of turning YouTube into an e-commerce platform, according to a Bloomberg report. YouTube is currently testing through a limited number of channels the option to buy items that feature in videos. The ”goal is to convert YouTube’s bounty of videos into a vast catalog of ...
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News briefsCPC completes purchase of Shoes.com
CriticalPoint Capital (CPC), a Californian-based private equity firm, has completed the acquisition of Shoes.com from Walmart. No financial details were released. Shoes.com is an online retailer of footwear, apparel and accessories present in the U.S., and internationally, offering a broad assortment of athletic to casual brands for women, men, and ...
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News briefs
Crocs enters collaboration with Justin Bieber
On Oct. 13, Crocs released a limited edition of clogs deriving from a collaboration with the Canadian singer Justin Bieber, the Canadian singer, globally including China and South Korea. The Crocs X Justin Bieber with drew Classic Clog were sold at $59.99 across select Crocs and partner e-commerce channels, including ...
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News briefsBrazilian shoe makers expect $1.2 million in orders from digital meetings
Digital business networking meetings held by 20 Brazilian footwear brands with buyers from Latin America are expected to generate about $1.2 million in business between orders that have been already received and talks initiated at the events, according to the local footwear association, Abicalçados. The events were organized between Aug. ...
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News briefsFerragamo launches 3D made-to-order service
Salvatore Ferragamo has teamed with Microsoft and its technological partner Hevolus to offer a 3D made-to-order service enabling the customization of the Italian luxury brand’s Tramezza footwear styles. Thanks to Microsoft’s Azure Cloud computing service and its mixed reality technologies, upon which Hevolus’s Augmented Store at Home platform is based, ...
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News briefsLVMH’s Fashion & Leather Goods division grows in Q3
LVMH’s nine-month revenues fell by 21 percent to € 30,348 million, with organic sales also declining by 21 percent, due to the impact of the Covid-19 pandemic. In the sole third quarter, revenues were down by only 7 percent on an organic basis thanks to a return to growth in ...
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News briefs
Analpa has introduced “fashion comfort” with Grünberg
Claiming to have broken new ground by introducing the concept of “fashion comfort” in the shoe market, Analpa, the Russian-American parent of Keddo, has had a good ride with Grünberg, a new brand of relatively “cool” comfort shoes originally meant for the German-speaking market, which targets mainly young people. After ...
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News briefs
Hoff collaborates with Moisés Nieto
The Hoff Brand has released a women’s sneaker co-branded with its designer, the Spaniard Moisés Nieto, who founded his eponymous brand in 2011. The Moisés Nieto x Hoff has an upper of white leather with grey and blue accents, a white and red outsole, and a blue and white check ...
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News briefs
Li & Fung shuffles its top management
Li & Fung, which went private in May of this year, is shifting Joseph Phi from group president to chief executive. Spencer Fung, CEO since 2014, is in turn moving to executive chairman. He will be replacing William Fung, who is taking a seat alongside his brother, Victor Fung, on ...
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News briefs
Vans names Anderson .Paak as its global music ambassador
Vans has announced the appointment of Anderson .Paak as its first-ever global music ambassador. The artist, born as Brandon Paak Anderson and also known as AP, a three-time Grammy Award winning singer, songwriter and producer. AP once worked at a Vans retail store in Topanga Canyon, California. As an artist, ...
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News briefs
Paul Green reshuffles its management
Paul Green, a Austrian footwear manufacturer specializing in women’s shoes, has undergone a management restructuring with Gerald Huber remaining the sole managing director after Gerhard Feger, Thomas Seiler and Guido Strebel stepped down but remained shareholders. Huber, 55, has been with the company since 2001. The company appointed Torsten Tesche, ...
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News briefs
25 former André stores to be auctioned
Twenty-five former shops of the French footwear retailer André will be auctioned from Oct. 27 to 30 in Grenoble. In July, a Grenoble-based court had chosen François Feijoo to take over André which had filed for insolvency. But, Feijoo only kept 55 of André’s stores, out of a total fleet ...
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News briefsClarks reportedly plans to close 50 stores
The Hong Kong-based private equity firm LionRock Capital wants Clarks to reach a Company Voluntary Arrangement (CVA) with its creditors before investing into the British footwear group, according to Sky News. A CVA would enable Clarks to close up to 50 stores and renegotiate rents for the rest of the ...
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News briefsZalando raises full-year guidance on strong Q3 performance
Zalando has raised its outlook for the full year after “exceptionally strong and profitable growth” in the third quarter. The German online retailer now expects gross merchandise volume (GMV) to grow by 25-27 percent, revenues to increase by 20-22 percent and adjusted Ebit to reach €375-425 million in the full ...
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News briefs
Sonra to release a sneaker with Porsche Design
Porsche Design has collaborated with the German Sonra brand and its chief executive, the designer Hikmet Sugör, on a limited-edition luxury sneaker. Planned as a “collector’s item for street style lovers,” the Sonra Porsche Design Edition takes its cues from Porsche’s 912 model car, which is associated with “many emotional ...
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News briefsRussia reportedly planning to limit shoe imports
The Russian government is mulling over measures aimed at limiting footwear imports, according to the Russian press. The local authorities plan to take advantage of the situation created by the Covid-19 pandemic, including a slump in the import of fashion goods and restrictions on international travel, to expand the domestic ...
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News briefsZalando launches Brand Homes for more customer engagement
Zalando has launched a new offer, called Brand Homes, that allows brands to supply high-quality and directly curated content to lead customers to engage with them on its website longer and more frequently, or to discover them for the first time. The service is also meant to enrich the customer ...
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News briefs
Dielmann to close 13 stores
Schuhhaus Dielmann, the German footwear chain currently placed into administration after the launch of creditor protection proceedings, will close 13 stores by the end of the year. The shops operate under the names Dielmann, Dstep and Sommerkind. In a statement, the company added that clearance sales will start in the ...
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News briefs
Clarks reportedly enters exclusive talks with LionRock Capital
Clarks has decided to enter exclusive talks with LionRock Capital in order to sell a majority stake to the Hong Kong-based investment firm, the news agency Reuters reported citing a source familiar with the matter. It added that LionRock prevailed in an auction process and that the British footwear company ...
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News briefsConverse changes eyewear licensee
Converse has changed its eyewear licensee and entered an exclusive, long-term global agreement with the American company Marchon, which replaces the Italian company De Rigo. The sun and optical collections designed under the new partnership will roll out globally at the beginning of January 2021. Taking cues from the brand’s ...
