All News briefs articles – Page 236
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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. ...
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News briefs
More than 1,500 guests turned up at the celebration of...
More than 1,500 guests turned up at the celebration of Analpa's 25th anniversary in Moscow a few weeks ago, coming from Russia and many foreign countries including the U.K., France, Germany, China, Australia, and the United Arab Emirates. Leading celebrities and key figures from the fashion world participated in the ...
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News briefs
Santoni registered a 10 percent sales increase in the first...
Santoni registered a 10 percent sales increase in the first half of the year, driven by the positive performance of Europe and the U.S., its key markets. The company posted a 7 percent increase in 2016, with annual revenues reaching €75 million last year. The company has recently presented the ...
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News briefs
Alpargatas Argentina is investing 100 million Argentinian pesos (€4.9m-$5.7m) to reintroduce...
Alpargatas Argentina is investing 100 million Argentinian pesos (€4.9m-$5.7m) to reintroduce the Havaianas brand to the local retail market. Alpargatas Argentina is looking to invest the money over a three-year period, first by introducing the brand in retail chains and then later by opening mono-brand stores. Alpargatas Argentina is the local ...
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News briefs
Marc Shoes has opened a directly operated store of 100...
Marc Shoes has opened a directly operated store of 100 square meters in Berlin, where customers can order a shoe that is not available in their sizes for delivery the next day. The store also offers models from the 1885 styled by Berkemann collection of clogs and pumps. Meanwhile, retailers ...
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News briefs
Alibaba has announced it plans to invest RMB 100 billion,...
Alibaba has announced it plans to invest RMB 100 billion, the equivalent of around $15 billion, over the next three years in a new global research and development program called Alibaba DAMO Academy. The acronym stands for “Discovery, Adventure, Momentum and Outlook.” The academy will start by launching research labs in ...
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News briefs
Cambodia's footwear and garment workers have won an 11 percent...
Cambodia's footwear and garment workers have won an 11 percent increase in monthly wages to top off an 180 percent increase in pay over six years. Trade union representatives, government officials and footwear and garment workers recently agreed that from the start of 2018, the minimum salary will rise from ...
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News briefs
Kurt Geiger posted a 12 percent sales increase to £330...
Kurt Geiger posted a 12 percent sales increase to £330 million (€368.1m-$432.9m) for the financial year ended on Jan. 28, with same-store sale rising by 11 percent. E-commerce went up by 26 percent, representing 23 percent of the total turnover. Sales of luxury sneakers jumped by 48 percent. Ebitda advanced by ...
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News briefs
In 2014, Schuhaus Shatholt was celebrating its 125th anniversary, but...
In 2014, Schuhaus Shatholt was celebrating its 125th anniversary, but one year later, the company faced bankruptcy. The firm filed for protection in 2015 and has now been restructured into a new business, Permacutum GmbH. Largely freed from legal entanglements it has obtained a new investor, rumored to be from ...
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News briefs
Beating analysts' estimates, LVMH reported a strong 14 percent increase...
Beating analysts' estimates, LVMH reported a strong 14 percent increase in total revenues to €30.1 billion for the first nine months of this year, with organic growth of 12 percent. In particular, its fashion and leathergoods division grew by 14 percent on an organic basis and by 21 percent including ...
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News briefs
The German-based GMS buying group recorded a 2 percent increase...
The German-based GMS buying group recorded a 2 percent increase in retail sales to €273 million in the third quarter of 201. Positive business developments in France and the Netherlands and a strengthening in the home market of Germany underpinned the results. At the end of the third quarter, GMS ...
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News briefs
Another VF brand, Timberland, saw its revenues decline by 2...
Another VF brand, Timberland, saw its revenues decline by 2 percent in the third quarter, reflecting a shift in orders that reduced its global sales by an estimated 5 percent. Sales fell by 7 percent in the Americas and by 5 percent in Asia, but they went up by 3 ...
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News briefs
The growth trajectory of Yue Yuen has resumed in 2017...
The growth trajectory of Yue Yuen has resumed in 2017 with sales in the nine months to September having risen by 6.7 percent, compared with the increase of only 0.3 percent recorded in the first nine months of 2016. Yue Yuen, a subsidiary of the Pou Chen Group from Taiwan, ...
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News briefs
The spring/summer 2018 order period for the shoe sector ended...
The spring/summer 2018 order period for the shoe sector ended in Germany with two trade fairs in Munich, Moda Made it Italy and Essenz, in early October. Assocalzaturifici, the organizer of Moda Made in Italy (and also theMicam), said 1,600 visitors attended, a similar number to last year. Essenz reports ...
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News briefs
A well-established German internet retailing platform, Schuh24, to allow its...
A well-established German internet retailing platform, Schuh24, to allow its retail members to offer shoes for sale online. More than 1,800 shoe retailers are affiliated with GMS, including more than 1,000 in Germany. Schuh24 acts as a marketplace for about 500 shoe shops. The move follows the successful launch of ...
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News briefs
Futurmoda is hosting a total of 309 exhibitors at its...
Futurmoda is hosting a total of 309 exhibitors at its Oct. 25-26 session in Alicante, 30 percent more than one year ago, leading the organizers to consider adding one extra day in the future. Of those, 69 come from outside Spain. A special area of 1,500 square meters is dedicated ...
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News briefs
Colombia has suspended a 35 percent tariff surcharge on shoe...
Colombia has suspended a 35 percent tariff surcharge on shoe imports from the Mercosur region. Columbia is currently an associated country of the trade bloc. The Brazilian Footwear Manufacturers Association (Abicalçados) welcomed the decision by Colombia's Ministry of Commerce to end the Colombian Decree 1744. Brazil exported to Colombia around ...
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News briefs
Joya has launched its first limited edition of 365 pairs...
Joya has launched its first limited edition of 365 pairs of women's shoes and 365 pairs of men's shoes, being sold by only ten dealers, to celebrate its tenth anniversary. The Swiss company is currently sold at 1,200 stores, with dealers in Russia, Greece and Kuwait joining the distribution network ...
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News briefs
The 93rd edition of Lineapelle closed in Milan on Oct....
The 93rd edition of Lineapelle closed in Milan on Oct. 6 with a total of 21,687 visitors, up by 2 percent from a year ago. The number of Italian visitors rose by 5 percent to. The number of exhibitors went up by 3.5 percent to a total of 1,285.
