All News briefs articles – Page 160
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News briefs
French clearance period pushed back to July 15
The end-of-season clearance period in France will start on July 15, rather than June 24, to satisfy a request by small retailers whose stores were closed during the coronavirus-related lockdown and could not sell the current spring/summer collection at full prices, according to the economy minister, Bruno Le Maire. Unlike ...
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News briefs
Gucci sets its own show schedule
Gucci creative director Alessandro Michele said the fashion house, owned by the Kering group, would leave the traditional fashion calendar as it plans to show twice a year only. “I will abandon the worn-out ritual of seasonalities and shows to regain a new cadence, closer to my expressive call,” Michele ...
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News briefs
Timberland joins forces with Klarna for buy now, pay later service
Timberland, a VF Corp. brand, has entered a partnership with Klarna, a Swedish specialist in online financial services, to offer the footwear brand’s U.S.-based e-commerce customers a flexible ”buy now, pay later” option. With this service, clients can make four equal payments with no interest added. Klarna claims to be ...
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News briefs
Grendene resumes partial production in Ceará state
On June 1, the Brazilian footwear manufacturer Grendene resumed production at its plants in Crato and Fortaleza, both in the state of Ceará, which had been temporarily closed because of the Covid-19 pandemic. On June 8, Grendene expects to resume production in Sobral, also located in Ceará and where it ...
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News briefs
Deichmann to support families in India during the current crisis
Deichmann, Europe’s largest shoe retailer, will support about 15,000 families in India who are affected by the lockdown of schools due to the current coronavirus epidemic. The Deichmann Foundation and a local partner, AMG, will donate rice, vegetables, sugar, salt, tea, detergent and soap to supplement the daily lunch and ...
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News briefs
Schuhplus to launch its own online stream
Schuhplus, the German mail-order retail specialist for extra-large men’s and women’s shoes, will start its own online live stream in July, featuring it at 4 pm everyday. The company has installed an online TV studio over the past four months at its headquarters in Dörverdener for this purpose, investing about ...
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News briefs
Prada sales rise over 10% in China in May
Prada’s sales in China rose “significantly” more than 10 percent in May compared with April, the company’s chief executive officer Patrizio Bertelli told Bloomberg TV. But, the rise is still far from sufficient to compensate for the decline in sales in the country following the lockdowns introduced to block the ...
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News briefs
Superga reopens its stores in Spain
Superga, which is owned by the Italian group BasicNet along with brands such as Kappa, K-Way, Sabelt and Sebago, about a week ago reopened its three Spanish mono-brand stores that had been shuttered during the nationwide lockdown caused by the Covid-19 pandemic. The stores are located in Madrid, Barcelona ...
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News briefs
Adidas teams up with Allbirds
Adidas announced a collaboration with Allbirds, the well-known American brand of sustainable footwear, to develop the sport performance shoe with the lowest-ever carbon footprint. The project will involve exploring recyclable material resources as well as the use of renewable energies in manufacturing and transportation. Adidas said the project is part ...
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News briefs
Vida Shoes laying off staff, cutting wages
U.S. footwear group Vida Shoes International is laying off staff and temporarily cutting salaries of employees as the Covid-19 crisis makes cost-cutting measures necessary. Vida did not reveal how many workers would be affected by the measures. The company said its restructuring would also involve an intensified focus on its ...
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News briefs
Klaus Magele leaves Salamander Austria
Klaus Magele, chief executive of Salamander Austria, will be leaving the company after 25 years. Salamander Austria, which is owned by the Ara Group, manages the Salamnder stores in Austria as well as Hungary, the Czech Republic, Poland and Slovakia. The Delka shoe retail chain is also part of Salamander ...
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News briefs
ANWR, Sabu and HDS/L to set up new seasonal schedule
ANWR and Sabu, two of the major German shoe retailing cooperatives, have decided to set up a new seasonal schedule for the presentation of new products in concert with HDS/L, the German shoe and leathergoods industry association. Many partners from the shoe, leathergoods and textile industries have already agreed to ...
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News briefs
boohoo fully acquires prettylittlething.com
boohoo, the UK fashion online retailer, has taken full control of prettylittlething.com (PLT) by buying out its minority shareholders Umar Kamani and Paul Papworth in cash and shares. boohoo is paying an initial consideration of £269.8 million (€300.2m-$332.4m) for the 34 percent it does not hold in the website that ...
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News briefs
Micam Americas postponed to Sept. 29-Oct. 1
Informa Markets, a British organizer of exhibitions and events, has postponed to Sept.29-Oct.1 its summer edition of the Las Vegas fashion marketplace that features Micam Americas and two other important events, WWDMagic and Project. The shows were previously planned for Aug. 17-19. The venue is the Las Vegas Convention Center. ...
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News briefs
Tempe’s 2019 sales rose by 6.2% to €1.4 billion
Tempe, the Spanish unit of Inditex that develops and distributes shoes and accessories for the group’s eight brands, including Zara, Pull & Bear and Massimo Dutti, recorded an increase in sales of 6.2 percent to €1.4 billion last year, while its net profit rose by 3.5 percent to €117 million. ...
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News briefs
ZES distributes Premiata's kids shoes in Germany
First the first time, the children shoes of Premiata, an Italian producer of luxury shoes, are available in Germany with the spring/summer collection. The shoes are distributed by Zucchero e Scimmie, also known as ZES, and can be found in luxury stores such as KaDeWe in Berlin, August Pfuller in ...
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News briefs
South Africa shoe imports fall by 5.8% in 2019
South Africa imported 199 million pairs of shoes in 2019, down by 5.8 percent from 2018, while exports dropped by 9.5 percent to 3.5 million pairs. Domestic production totaled 56.9 million pairs in 2019, in line with the previous year, according to the Southern African Footwear and Leather Industries Association. ...
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News briefs
Misaf trade show postponed, eyes September
The Milan-based trade show Misaf has postponed its second edition, initially scheduled for June 10-12, because of the Covid-19 pandemic. The organizer, Plum Solution, which is run by the general manager Yin Xiaomei, is considering holding the show in September but no decision has been made yet. The company is ...
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News briefs
Caval to release shoes made of apple fibers
Caval, the Parisian brand that delights in asymmetry with its mismatched pairs of shoes, is launching a new unisex collection that trades leather for a vegan material called Pellemela (literally “apple skin”). The sole will be made in Portugal of 40 percent recycled rubber and the inserts in Spain from ...
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News briefs
DSI Samson’s ‘BBB’ rating confirmed but outlook cut to stable by Fitch
The credit rating agency Fitch has cut the outlook of Sri Lankan footwear and tire manufacturer and retailer DSI Samson Group to stable from positive but has confirmed the national long-term rating at ‘BBB(lka)’. The outlook revision reflects Fitch’s view that a rating upgrade is not probable within the next ...
