All News briefs articles – Page 4
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News briefs
Caleres hires Liz Dunn as head of corporate development and strategic communications
Liz Dunn has joined Caleres as Senior Vice President of corporate development and strategic communications. “In this newly created role, Dunn will leverage her nearly 30 years’ experience spanning equity research, investment banking, consulting, and finance to ensure Caleres aligns its growth ambitions and strategic communications with delivering shareholder value. ...
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News briefs
Aeffe’s footwear and leather goods sales decline in 2023
The revenues of Aeffe’s footwear and leather goods division amounted to €142.1 million, down by 13.1 percent, both at constant and current exchange rates, compared to 2022. The division comprises the luxury footwear brand Pollini. The adjusted Ebitda of the footwear and leather goods division was €19 million in 2023, ...
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News briefs
Düsseldorf shoe retailer Koch files for bankruptcy
The German shoe retailer Schuhparadies Michael Koch GmbH has shut down after 37 years of activity as it slips into bankruptcy on rising energy, insurance, staff and rent costs. The traditional footwear business, established by Michael Koch in 1987, runs a Tamaris store on Flinger Strasse in the old ...
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News briefs
Vans’ chief product and merchandising officer quits
Marissa Pardini, Vans’ chief product and merchandising oOfficer, has announced her departure from the brand by the end of March. This follows a series of turnovers within VF Corp, the brand’s parent company. Pardini, who joined Vans in December 2022 after a decade with the company and a stint at ...
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News briefs
Shoes Düsseldorf announces dates for 2025
The German trade fair organizer Igedo has announced next year’s dates for its Shoes Düsseldorf trade fair, held at the Areal Böhler in the German city. The footwear fair will run from Feb. 23 to 25 and from Aug. 24 to 26, 2025. Before then, this year’s summer ...
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News briefs
Tod’s doubles its FY net profit
Tod’s more than doubled its 2023 net profit to €50.0 million from €23.1 million a year earlier, as Ebit rose to €94.7 million from €58.2 million. The Italian fashion company confirmed that full-year sales grew by 11.9 percent to €1,127 million. Tod’s decided not to pay a full-year dividend in ...
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News briefs
Skechers renews eyewear licensing deal with Marcolin
Skechers has renewed its global eyewear licensing agreement with the Italian company Marcolin. The partnership, under which Marcolin designs, manufactures and distributes worldwide Skechers branded sunglasses and optical eyewear collections, started in 2014 and has been extended until Dec. 31, 2030.
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News briefs
Gaastra to cease operations for the second time in 3 years
Following the insolvency filing of Unlimited Footwear Group (UFG),the Gaastra brand will cease operations, according to 1st-blue.com. The brand had been relaunched by UFG in 2022 after the insolvency of its previous owner. Gaastra was founded in 1897 by the Dutch sailmaker Douwe Gaastra and has been a well-known and ...
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News briefs
Puma loses patent case over Avanti shoe design
Puma has suffered a setback in a patent dispute over a sports shoe associated with Rihanna, according to a press release from the Court of Justice of the European Union. The case revolves around the Avanti trainer design, which Puma’s Dutch wholesaler, Handelsmaatschappij J. Van Hilst (HJVH), sought to patent ...
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News briefs
Shoe Zone warns it is trading below expectations on higher wages, Red Sea attacks
Shoe Zone warned that it was trading “marginally” below expectations, because of a rise in the UK’s minimum wage, the National Living Wage, higher costs and attacks of commercial shipping in the Red Sea which have disrupted supply chains. The chief executive, Anthony Smith, said there had also been “higher ...
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News briefs
Continued uncertainty in German consumer sentiment despite an improvement in March
Consumer sentiment in Germany showed a significant improvement in March from the previous month, according to the German trade association HDE. The industry group however warned that, given the persistent uncertainty, there is currently no sign of a solid upward trend. The monthly HDE consumption barometer is calculated ...
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News briefs
Legero picks TV presenter Funda Vanroy as brand ambassador
Legero, a brand of the Austrian shoe manufacturer Legero United, has teamed up with the German television presenter and actress Funda Vanroy as the new ambassador for the company’s forthcoming spring/summer 2024 collection. Among other things, Vanroy is a presenter on the German television show series Galileo on ProSiebenSat.1’s ...
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News briefs
The German footwear retailer Galipp to shut down
The German shoe retailer Gallip is closing down after 55 years in the business. The store in Gifhorn, in the Lower Saxony region of Germany, will shut its doors in December 2024, while the Berlin store will cease operations in 2025, managing partners Maike and Hayo Galipp-Le Hanne and ...
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News briefs
Däumling hires a new managing director
The children’s shoe manufacturer Däumling, part of the Berkemann Group, has hired a new managing director. Tristan-Sebastian Nitsche joined the company on March 1, Däumling said. A shoe professional with 22 years of sales and corporate experience in the footwear business, Nitsche holds a dual degree in business administration ...
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News briefs
Vietnam relies on China to uphold 2024 exports
Vietnamese shoemakers expect 2024 to be a challenging year but are relying on China to underpin exports, according to Phan Thi Thanh Xuan, the Vice President and General Secretary of Lefaso, the Vietnam leather, footwear and handbag association. In 2023, Vietnam generated $24 billion in revenues from leather and ...
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News briefs
Kaanas obtains the footwear license for Avec Les Filles
The Colombian footwear company Kaanas Shoes has entered a licensing agreement with Bagatelle International to design and produce shoes under the Avec Les Filles label. Avec Les Filles was founded in 2017 by Joyce Azria. In 2019, the fashion brand was acquired by Bagatelle. The licensing agreement with Kaanas is ...
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News briefs
Cascale releases an updated version of Higg BRM
Cascale, formerly the Sustainable Apparel Coalition (SAC), has launched the latest version of the Higg Brand and Retail Module (BRM), part of the Higg Index suite of tools. This update reflects Cascale’s commitment to refining the Higg Index to meet the needs of members, users and the industry. Higg BRM ...
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News briefs
Ariat opens a flagship store in Las Vegas
Ariat International has opened a flagship store in Las Vegas. The retail space spans nearly 10,000 square feet and is part of the new 63 Las Vegas shopping center, located at the intersection of Las Vegas Boulevard and Harmon Avenue. “Roughly 40 million people travel to Las Vegas each year, ...
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News briefs
US SEC fines Skechers for lack of disclosure
On March 7, the US Securities and Exchange Commission (SEC) announced that Skechers agreed to pay a $1.25 million civil penalty to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members. According to the US regulator, from 2019 through 2022, ...
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News briefs
Arezzo posts record revenues ahead of its merger with Soma
Arezzo & Co posted record gross revenues of 6,088 million Brazilian reais (€1,117m) in 2023, up by 16.4 percent compared to the year earlier ahead of its merger with the fashion Brazilian group Soma. The company posted higher operating margins, with the recurring gross margin up to 54.5 percent from ...
