All News briefs articles – Page 235
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News briefs
Shoe brands will continue to feel the pinch from sports...
Shoe brands will continue to feel the pinch from sports labels that are making further inroads into the growing sneaker market. This is the finding from a recent consumer focus survey conducted in Germany on the top brands in both the female and male market segments. Adidas, Nike, Reebok, Converse ...
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Footasylum, the British chain of sports and lifestyle stores created...
Footasylum, the British chain of sports and lifestyle stores created by the founders of JD Sports, went public on the Alternative Investment Market (AIM) London Stock Exchange on Nov. 2 at a price of £1.64 per share, giving it an initial valuation of £171 million (€194.3m-$226.0m). On Friday in advance ...
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News briefs
Tapestry, the company previously called Coach, reported a loss of...
Tapestry, the company previously called Coach, reported a loss of $18 million on sales of $1.29 billion for its first quarter, ended Sept. 30. The sales increase of 24 percent and the loss were partly due to the acquisition in July of Kate Spade and costs for its subsequent integration. ...
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Chaussea is entering the Italian market. The French shoe retailer...
Chaussea is entering the Italian market. The French shoe retailer has just inaugurated its first Italian store at the Globo shopping mall in Busnago, northeast of Milan. It will be followed by a second shop in Silvi Marina, near Teramo, then a third one in Bussolengo, near Verona, and a ...
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The Global Fashion Group (GFG), which owns several e-commerce clones...
The Global Fashion Group (GFG), which owns several e-commerce clones of Zalando in emerging markets, reported a 19 percent sales increase in net revenues to €256.4 million for the third quarter. The adjusted Ebitda loss declined by 2.8 percentage points to a still negative margin of 12.7 percent of revenues. ...
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News briefs
Vagabond recently opened its fourth company-owned store in Germany. The Swedish shoe...
Vagabond recently opened its fourth company-owned store in Germany. The Swedish shoe brand, which has over 39 mono-brand stores worldwide, most of them in Scandinavia and Eastern Europe, works also with some 2,000 retailers in 42 countries. Its global sales grew last year to €74.7 million from €73.6 million in 2015.
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News briefs
Sergio Rossi has developed a new store concept for its...
Sergio Rossi has developed a new store concept for its store in Paris' rue du Faubourg Saint-Honoré and others in Tokyo and elsewhere. It will also be applied next year to its flagship stores in Rome and Milan, coinciding with the 50th anniversary of the brand.
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News briefs
Leiser continues to shut down stores as its tries to...
Leiser continues to shut down stores as its tries to get out of insolvency proceedings. One of them is the Leiser store on Berlin's Friedrichstrasse, which has been patronized by German Chancellor Angela Merkel and other high-caliber politicians. Another one is the big Schuh Eisner store on Hamburg's Mönchenbergstrasse, which ...
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Shoescribe and The Corner, the two e-shops previously owned by...
Shoescribe and The Corner, the two e-shops previously owned by Yoox, have been acquired by an Italian entrepreneur, Vittorio Chalon, and they will be back online soon. The two e-shops had been shut down in 2015 following the creation of the Yoox-Net-à-Porter group. According to reports on fashionmagazine.it, the two ...
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Penske Media Corporation (PMC) and its subsidiary Fairchild Fashion Media,...
Penske Media Corporation (PMC) and its subsidiary Fairchild Fashion Media, which runs Women's Wear Daily and Footwear News, have announced the acquisition of FashInvest. Described as a media platform where entrepreneurs, investors and fashion industry executives exchange information and raise new capital, FashInvest will continue to be run as an ...
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News briefs
Lacoste's management has reportedly indicated its intention to dedicate a...
Lacoste's management has reportedly indicated its intention to dedicate a whole wall to its footwear and other accessories in its stores, starting with new locations in London, Paris and Los Angeles. The footwear range will be expanded. Licensed by Pentland Brands, the Lacoste footwear collection has represented about one-quarter of ...
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News briefs
Manuel Torres has joined Nexgen Packaging as managing director for...
Manuel Torres has joined Nexgen Packaging as managing director for Europe, the Middle East and Africa. The U.S. company designs, manufactures and distributes brand identification products to apparel and shoe manufacturers and retailers. It offers woven and printed labels, heat transfers, graphic tags, price tickets, RFID labels and wrap bands. ...
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News briefs
Eram, one of the two leading shoe retailing groups in...
Eram, one of the two leading shoe retailing groups in France, has raised to 49 percent its stake in Faguo, a French brand of casual footwear and clothing, to help finance its further development. The balance is shared between its two managers, Nicolas Rohr and Frédéric Mugnier, who founded Faguo ...
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News briefs
Sneakerness, Europe's sneaker fair, landed for the first time in...
Sneakerness, Europe's sneaker fair, landed for the first time in Rotterdam on Nov. 25-26. Amsterdam has hosted the convention every year since 2011, and the organizers wanted to add a second location in the Netherlands. Rotterdam was reportedly chosen for its effervescent street fashion and lifestyle scene. The event was ...
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News briefs
Stuart Weitzman has teamed up with Gigi Hadid, the famous...
Stuart Weitzman has teamed up with Gigi Hadid, the famous fashion model, for a second capsule collection of shoes. The proceeds being shared with Pencils of Promise, a non-profit organization that builds schools and increases educational opportunities in developing countries.
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News briefs
With a focus on sneakers and new products for summer...
With a focus on sneakers and new products for summer 2018, the new ANWR Order fair attracted a total of 370 visitors from around 200 companies on Nov. 28 and 29. The new house fair of the ANWR group hosted about 200 brands. It's part of a program to hold ...
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News briefs
Hamm Market Solutions, the German-based footwear licensee for the Gant...
Hamm Market Solutions, the German-based footwear licensee for the Gant and Napapijri brands, will launch its first own shoe brand for women, whose name has not yet been announced. The German group has created a distinct company, Selected Footwear Concepts, under which the new brand will be launched. Claud Gese, ...
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News briefs
The Indian government is reportedly getting ready to support the...
The Indian government is reportedly getting ready to support the leather manufacturing sector. As part of this program, the sales tax for finished leather is set to decline from 12 percent to 5 percent, and the tax on leathergoods and leather garments from 28 to 18 percent. Other measures will ...
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News briefs
Pittards, a major supplier of leather to the sporting goods...
Pittards, a major supplier of leather to the sporting goods industry, has expanded its operations in Ethiopia by adding a new shoe factory to its existing tannery and glove-making facilities. The new facility employs 70 people to hand-stitch shoes for an interesting footwear brand, Soul of Africa. Founded in 2003 ...
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Sterling Footwear in the U.S. has been fined $1.57 million...
Sterling Footwear in the U.S. has been fined $1.57 million in unpaid duties plus interest for “grossly negligent” product misclassification. The U.S. Court of International Trade ruled in favour of the U.S. government, finding that the shoe importer incorrectly classified 337 of 363 entries of footwear between 2007 and 2009. ...
