All News briefs articles – Page 28
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News briefs
Next hikes its profit guidance again
Next said that in the 13 weeks to Oct. 26, corresponding to its third quarter, full-price sales were up by 7.6 percent year-on-year and 2.6 percentage points ahead of its guidance. “We believe the strong performance was driven by the early arrival of colder weather this year, versus an unusually ...
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News briefs
Yue Yuen sees full-year net profit up by 140-145%
Yue Yuen expects its attributable net profit to increase by 140 percent to 145 percent in the first nine months of 2024, compared to the $137.7 million posted a year earlier. In the first half of 2024, the world’s largest footwear manufacturer saw the profit attributable to company owners grow ...
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News briefs
German consumer sentiment improves
In November, German consumer sentiment is expected to improve to -18.3 points from -21.0 points in October, according to a survey published jointly by GfK and the Nuremberg Institute for Market Decisions (NIM). The preliminary reading for October was -21.2 points. “Following the slight improvement in the previous month, the ...
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News briefs
Permira buys a 40% stake in K-Way
Permira, the private equity that owns an 83 percent stake in Golden Goose, the Italian brand of premium sneakers, has entered into an agreement to buy a 40 percent stake in K-Way from BasicNet. BasicNet will retain a 60 percent stake in the brand known for its waterproof jackets. The ...
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News briefs
Ochsner Shoes opens a redesigned flagship store in Zurich
The Swiss shoe retailer Ochsner Shoes has reopened its modernized flagship store on Zurich’s Bahnhofplatz, featuring open, light-filled spaces with natural wooden elements. Product display is enhanced by digital features such as screens and Bita Touch technology, which fit into the overall store concept, providing customers with additional information ...
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News briefs
Baffin launches protective footwear range for first responders
Baffin launched the Hero Collection, a protective footwear range designed specifically for technical and emergency services. The collection debuts the Ice Hero, available with a safety toe and plate or plain toe, in men’s and women’s sizes. The Hero Collection is available through Baffin.com and retailers across North America. ...
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News briefs
Alaïa’s fishnet ballet flats rated the hottest fashion product in Q3
Alaïa’s fishnet ballet flats were the hottest fashion product in the third quarter, according to The Lyst Index. “Hero Alaïa products are holding their cachet; well over a year since the mighty Alaïa flats first appeared in the Hottest Products ranking in Q2 2023, the fishnet style is this quarter’s ...
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News briefs
OrthoLite hires a new Vice President of Operational Excellence
The US-based insole specialist OrthoLite hired Raj Santhana as the new Vice President of Operational Excellence. He will be responsible for OrthoLite’s manufacturing excellence and innovation, as well as automation and digital transformation. He will work closely with the company’s Global Foam Innovation Team in a new satellite office located ...
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News briefs
Hermès’ sales up over 10% in Q3
Hermès generated sales of €3.704 billion in the third quarter of 2024, up by 10.1 percent on a reported basis and 11.3 percent at constant exchange rates. All regions showed growth, despite a “particularly high” comparison base in Europe and Asia Pacific. In the first nine months of the year, ...
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News briefs
Leder & Schuh opens three new stores
The Austrian shoe retailer Leder & Schuh is continuing its expansion with the opening of three new stores. On Oct. 3, two Humanic shops were launched, one in the Eisenstadt shopping center in the Burgenland region of Austria and in the HEY! Steyr shopping center in Steyr, Upper Austria, ...
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News briefs
Ghost raises $40 million in funding
The private B2B marketplace for worldwide brands, Ghost, has raised $40 million in Series C funding. The funding was led by L Catterton, with participation from existing investors USV, Cathay Innovation, Equal Ventures, and Eniac, a private B2B marketplace for global brands to sell excess inventory to new buyers. Ghost’s ...
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News briefs
Bark and Crocs launch a shoe collection for dogs
Bark, a US omnichannel dog brand, announced on Oct. 23 the release of the “highly anticipated” Pet Crocs, a collection of shoes for dogs created in collaboration with Crocs. The shoes are available to subscribers of BarkBox, a monthly themed surprise of toys and treats, and Super Chewer, a monthly ...
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News briefs
Adidas names a new head of global sales
Adidas’ supervisory board has accepted Arthur Hoeld’s decision to step down as head of global sales. Both parties have mutually agreed on the early termination of his appointment as a member of the executive board, effective at the end of Oct. 31. The Board has appointed Mathieu Sidokpohou to succeed ...
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News briefs
Piquadro H1 sales up slightly
The Italian bag and leather goods manufacturer Piquadro generated revenues of €87.8 million in the first half ended Sept. 30, up by 2.1 percent compared to the year earlier. All group brands saw growth, with sales at the Piquadro brand up by 0.8 percent to €39.8 million, sales at The ...
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News briefs
Germany’s birth rate declines massively
Germany’s birth rate has decreased “massively” to reach 1.35 children per woman, according to the research institute Ifo. “Germany is currently experiencing a massive decline in births. In eastern Germany, in particular, far fewer children are being born than in the past,” Ifo said. “The coronavirus crisis, the outbreak of ...
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News briefs
LVMH continues to post weak sales
LVMH’s fashion and leather goods division posted revenues of €29.922 billion in the first nine months of 2024, down by a reported 3 percent year-over-year and down by 1 percent organically. In the sole third quarter, organic sales dropped by 5 percent. Sales for the whole French luxury-goods conglomerate were ...
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News briefs
Baffin names Austin Sedlbauer as Lead Designer
Baffin has appointed Austin Sedlbauer as Lead Designer. “This strategic addition comes as Baffin continues to solidify its reputation for quality and innovation in the industry, while expanding domestic manufacturing volume,” said the Canadian producer of outdoor performance footwear and apparel. Sedlbauer was previously Lead Designer at Cougar Shoes. “With ...
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Cole Haan picks Jesta for dropshipping management solution
Cole Haan has implemented a direct-to-consumer (DTC), endless aisle/dropshipping strategy powered by Jesta I.S.’s cloud Vision Merchandising enterprise resource planning (EPR) and Vision Endless Aisle solutions. “The new Endless Aisle/Dropshipping implementation follows Cole Haan’s decision to shift its distribution focus in North America toward a frictionless DTC model with an ...
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News briefs
Slovenian shoe retailer Mass Shoes expands to Austria
The Slovenian shoe retailer Mass Shoes is making its debut in the Austrian market with the first three stores set to open this autumn. The company plans to open 20 to 30 stores in the long term, according to Gerald Zimmermann, a former CCC manager now overseeing Mass Shoes’ ...
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News briefs
LaLaLand joins forces with Elastium in 3D printed footwear
LaLaLand Production & Design, a Californian leather goods and footwear manufacturer, has joined forces with Elastium, a startup producing 3D printed footwear, to accelerate mass production through the No-Minimum-and-Maximum-Order-Quantity (No-MMOQ) business model which combines 3D printing and convential manufacturing. The first product launched under the collaboration is Elastium’s 3D ...
