All News briefs articles – Page 15
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News briefs
Indian state of Uttar Pradesh launches a footwear cluster
The Uttar Pradesh State Industrial Development Authority (UPSIDA) said that it is developing the state’s “first dedicated Footwear Park” on 131.69 acres in the town of Kanpur. The project aims at providing opportunities for micro, small and medium enterprises, it said. The park is envisioned as a hub for manufacturing ...
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News briefs
Piccadilly to celebrate 70 years during Expo Riva Schuh
On June 15, Piccadilly will celebrate its 70th anniversary. The venue of the exclusive event is Spiaggia Olivi on the shore of Lake Garda in Riva del Garda, Italy, during Expo Riva Schuh. “The evening will bring together clients, strategic partners, international agents, board members, and the Piccadilly family business ...
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News briefs
Global luxury goods sales seen down 2-5% in 2025
In 2025, the global market for personal luxury goods is expected to fall by 2 to 5 percent after declining by 1 percent last year, according to a survey released by the consultancy Bain & Company. Bain’s previous forecast released in November 2024 was for the market to increase by ...
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News briefs
Zehenspiel continues to expand its retail network
The German barefoot shoe retailer Zehenspiel has opened a new store in Erbach, in the state of Hesse, the latest addition to its expanding retail network. Covering 380 square meters, the new store at Stockheimer Ring 23 offers more than 14,000 pairs of shoes, complemented by a data-driven consulting concept ...
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News briefs
Dosenbach expands Swiss presence with new store openings
Dosenbach is stepping up its expansion efforts with the opening of three new stores in Switzerland, further strengthening its nationwide retail network. In April, the Swiss shoe and sporting goods retailer launched new outlets in Crissier, near Lausanne, in the canton of Vaud; Lucerne; and at the Rheinpark shopping center ...
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News briefs
Footwear entrepreneur Markus Rieker dies
Markus Rieker, the long-standing owner and designer behind Germany’s Rieker footwear group, died last month at 81. The footwear entrepreneur, the grandson of company founder Heinrich Rieker, played a key role in shaping the brand’s global identity over several decades. He joined the company’s management team in 1975, ...
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News briefs
US cuts de minimis tariff for Chinese goods
In an executive order signed on May 12, US President Donald Trump is cutting the so-called “de minimis” tariff on parcels from China, including Hong Kong, to 54 percent from 120 percent from May 14. A flat fee of $100 remains in place. The “de minimis” exemption enables shipments with ...
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News briefs
German online retail continues to recover in Q1
Online sales in Germany continued to pick up in the first quarter of 2025, marking the first time since mid-2022 that e-commerce has outpaced inflation. Footwear sales, in particular, outperformed, according to a survey released by the federal association of e-commerce and mail order trade, BEVH. Total online sales ...
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News briefs
Eurofins offers testing of recycled plastics in textile, apparel and footwear
Eurofins Sustainability Services, a Boston-based unit of the French testing, certification and inspections group Eurofins Scientific, said that it has grown its service offering to include recycled plastics testing for the textile, apparel and footwear industries. “By using the most advanced methodology, this is the first service of its kind ...
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News briefs
Alohas opens stores in Amsterdam and New York
The Spanish footwear and clothing brand Alohas has opened a store in Amsterdam and another in New York as part of its international development. The brand opened its first foreign store in Paris in September 2024, followed by a store in Milan in March 2025. Along with its stores in ...
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News briefs
Barefoot trade fair announces first participants
The organizers of the first edition of Barefoot - European Shoe Fair, the new trade fair format focusing on barefoot shoes, have announced the first selection of registered exhibitors. According to Messe Offenbach and the German footwear and leather goods trade association, HDS/L, the participants will include Leguano, Vivobarefoot, Affenzahn, ...
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News briefs
HDE files antitrust complaint against Temu
HDE, the German retail association, has filed a complaint with the country’s Federal Cartel Office (Bundeskartellamt) against the Chinese online marketplace Temu alleging anti-competitive practices. According to the complaint, Temu deprives retailers of control over their prices and, in numerous cases, allegedly violates European and German market regulations. “Temu not ...
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News briefs
Boot Barn confirms John Hazen as CEO
On May 5, Boot Barn’s board appointed John Hazen as Chief Executive Officer. Hazen had been serving as interim CEO since November. He replaced Jim Conroy, who stepped down on Nov. 22 after leading Boot Barn for 12 years to take on the CEO job at Ross Stores. “After ...
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News briefs
Keen to keep prices stable in 2025
Keen announced on May 6 that it will not implement any tariff-related price increases for the remainder of 2025. The Portland-based outdoor footwear brand said the decision reflects its commitment to supporting its retail partners and consumers during a period of global uncertainty. “Keen will not implement any tariff-related price ...
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News briefs
Nike reorganizes its senior management
Nike announced a series of strategic changes to its senior leadership team to accelerate its Win Now action plan to position the US sportswear company for future growth. Elliott Hill, group President and CEO, and Heidi O’Neill, President of Consumer, Product, and Brand, have decided that the Consumer, Product, and ...
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News briefs
Former Gucci CEO invests in Be Sneakers
Patrizio Di Marco, the former CEO of the Italian luxury fashion brands Gucci and Bottega Veneta, has acquired a minority stake in Be Sneakers. The financial details of the transaction have not been disclosed. Di Marco has also joined the Be Sneakers board. Be Sneakers is an Italian sneaker manufacturer ...
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News briefs
Vulcabras' earnings and revenues rise in Q1
Vulcabras reported a 19.5 percent increase in first-quarter net income to 106.1 million Brazilian reais (€16.5m) but the Ebitda margin contracted by 0.50 percentage points to 20.0 percent for the period ended March 31. Gross margin was flat at 40.2 percent. Shipped pairs increased by 5.6 percent to 7.1 million. ...
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News briefs
Jennyfer files for liquidation
On April 30, the Bobigny commercial court near Paris placed Jennyfer into compulsory liquidation, putting 999 jobs at risk. The French fashion brand can continue operating until May 28, when the court will examine possible takeover offers. “Exploding costs, falling purchasing power, changes in the textile market and increasingly aggressive ...
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News briefs
BasicNet Q1 revenues fall 3.3% amid ‘unstable’ geopolitical and macroeconomic landscape
BasicNet, which owns Kappa, Superga, Sebago and other brands, reported a 3.3 percent fall in consolidated first-quarter revenues to €98.3 million. Royalties from commercial and product licensees rose 24 percent to €16.1 million, while direct sales decreased 7.1 percent to €81.9 million. Aggregate brand sales, including licensed revenues, rose 2.9 ...
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News briefs
VF cuts 400 jobs
VF Corp., the parent company of outdoor and lifestyle brands including The North Face, Timberland, Vans and Dickies, has laid off approximately 400 employees across its global operations, as reported by US trade publication Shop Eat Surf Outdoor. According to a company statement, the layoffs are part of VF Corp.’s ...
