All News briefs articles – Page 163
-
News briefs
Micam scheduled for Sept. 20-23
The organizers of the Micam trade show are preparing the next edition to be held at the Rho exhibition hall, near Milan, on Sept. 20-23. The theme of the fair will be the second chapter in the #micamtales series, dedicated this year to Micam in Wonderland, The creative idea for ...
-
News briefs
Wolverine issues $300 million in senior notes
Like other U.S. companies in our sector and others, Wolverine Worldwide is resorting to a bond offering to help raise more cash as security against the impact of Covid-19. The company announced on May 6 that it is offering $300 million worth of senior notes due in 2025 to repay ...
-
News briefs
Allbirds introduces its first running shoe
Going in the same direction as Veja, the French brand of sustainable footwear that launched its firt running shoes at the Ispo show in Munich earlier this year, Allbirds, the brand that focuses on environment-friendly footwear, has released its first running shoe. The Tree Dasher is made with sugarcane, eucalyptus ...
-
News briefsStandard & Poor’s downgrades Wolverine to ‘BB’
Wolverine Worldwide’s share buyback policy and the impact of Covid-19 have lifted its debt leverage, prompting Standard & Poor’s (S&P) to downgrade its credit rating. A further downgrade is possible if the company fails to reduce its leverage in 2021, said S&P. A few days later, on May 6, the ...
-
News briefsTimberland releases 2019 CSR report
In 2019, Timberland, a VF Corp. brand, continued to push forward with its sustainability goals. For all cotton sourced by Timberland, including licenced apparel and accessories, Timberland increased its use of sustainably sourced cotton by 3 percentage points over the previous year to reach 77.5 percent. As for leather, 99.7 ...
-
News briefsAdidas fell by 19% in Q1, sees Q2 down by over 40%
The Adidas Group reported a sharp drop in profit margins on a 19.2 percent decline in sales for the first quarter, due to the coronavirus outbreak, but warned that the second quarter will be worse. With more of its store base still closed at the time of of the release ...
-
News briefs
ANWR Schuh appoints a new chief executive
Tobias Eichmeier was appointed joint chief executive of ANWR Schuh on May 1. He will be leading the German buying group shoe retailers together with Heike Discher. Eichmeier, 44, previously worked for Globetrotter, responsible for purchasing and the development of the German outdoor retail chain’s product range. Before that, he ...
-
News briefs
UNIC webinar on May 5 to discuss tannery reopening guidelines
UNIC-Lineapelle will be holding a webinar on May 5, from 16:00 to 17:00, to present the ”Protocol on the Reopening of Tanneries in Italy.” The Italian tanners’ association reached an agreement on the guidelines with the trade unions on April 21, in view of the resumption of manufacturing at the ...
-
News briefs
Ferragamo launches new website
Salvatore Ferragamo has launched a new e-commerce site, that includes editorial content about the Florence-based firm and its collections. The company said that in the light of the Covid-19 pandemic and subsequent lockdowns, the digital world is proving invaluable to reduce distance that would otherwise be unbridgeable. In February, the ...
-
News briefs
India extends lockdown for 2 weeks from May 4
The Indian government is extending a nationwide lockown for two weeks from May 4. The lockdown was scheduled to end on May 3 and will now run until May 17. The Ministry of Home Affairs however indicated that there would be significant relaxations in low risk parts of the country, ...
-
News briefs
Sabu launches campaign for the reopening of stores
Sabu, the German shoe retailers’ cooperative, has launched a marketing campaign for the reopening of its members’ stores. Together with a local advertising company, BSS Brand Communication, Sabu has started an online and offline campaign. The slogan of the campaign, ”Live here. Buy here - Your specialist shoe retailer,” can ...
-
News briefs
The Italian fashion industry lacks a single representative body to discuss with the government
The Italian fashion industry lacks a single business organization giving it more clout to discuss with the government, as the metalworkers do, according to Prada’s chief executive, Patrizio Bertelli. He noted that the metalworking industry has a smaller workforce than in the fashion one but it historically gets more attention ...
-
News briefs
German retailers suggest “Corona checks” of €500 per adult
HDE, the German retail federation, suggested so-called ”Corona checks” of €500 per person in order to boost local purchasing power and the domestic economy. According to HDE, €500 per inhabitant would lead to a surge in demand of up to €40 billion and would have a ripple effect on the ...
-
News briefs
Deckers sues Steve Madden over Fuzz sandals
Deckers Brands – the parent company of Ugg, Sanuk, Teva, Hoka One One and Koolaburra – filed a lawsuit in a California federal court against Steven Madden for allegedly acting in “bad faith” to manufacture and sell its own alleged imitation of Ugg’s best-selling Fluff Yeah furry sandal-slipper. Deckers accuses ...
-
News briefs
Lloyd uses social media to present new collection
Lloyd, the German-based shoe company, has decided to present its new collection to its clients in a different way. In a time when social contacts are limited and various trade shows have been cancelled, it has used the livestreams of social media channels like Facebook or Instagram to present it ...
-
News briefs
France to reopen stores on May 11
The French prime minister Edouard Philippe said yesterday that all stores will reopen on May 11 after the country introduced a nationwide lockdown to combat the Covid-19 pandemic. Prefects will however have the right to keep closed shopping centers over 40,000 square meters in the administration areas they oversee. The ...
-
News briefs
Hassia and Ganter improve payment terms for retailers
The brands Hassia and Ganter, owned by the Austrian-based Lorenz Shoe Group, aim to support retailers during the coronavirus crisis. When stores had to close down, Hassia and Ganter stopped deliveries immediately and improved the payment terms for retailers for all outstanding 2020 spring/summer invoices. The Lorenz Shoe Group also ...
-
News briefs
Farfetch launches $350 mln convertible note
Farfetch has announced the issuance of $350 million in convertible senior note due on May 1, 2027. The offering is scheduled to close on April 30. The securities will bear an annual interest rate of 3.75 percent and coupons will be paid twice a year on May 1 and Nov.1. ...
-
News briefs
Schuhe24 launches kit for retailers that reopen their stores
From April 20, stores of up to 800 square meters were allowed to reopen in most German states. Schuhe24, a German-based online marketplace for independent shoe retailers, is supporting its affiliates with a starter kit. First of all, retailers will receive face masks free of charge. The German online marketplace ...
-
News briefs
European, American footwear companies join international industry call for government action
The European Footwear Confederation (CEC) and the American Apparel & Footwear Association (AAFA), along with 64 other industry groups worldwide, urged governments and international financial institutions to implement coordinated efforts to address the economic crisis caused by the Covid-19 pandemic. The trade associations represent the textile, apparel, footwear, travel goods, ...
