All News briefs articles – Page 78
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News briefs
Tod’s strengthens production footprint with new Tuscan factory
Tod’s is moving forward with the construction of a new factory in the municipality of Pontassieve, which is located in an important district for the production of leather goods near Florence in Italy’s Tuscany region. The Italian financial daily Il Sole 24 Ore estimates Tod’s will invest about €15 million ...
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News briefs
U.K. retail sales unexpectedly fell in December
In December, retail sales in the U.K. fell by 1.0 percent month-on-month in volume after dropping by 0.5 percent in November, revised from an earlier reading of a 0.4 percent decline, according to data released by the Office for National Statistics that noted that sales volumes were 1.7 percent lower ...
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News briefs
StockX breaks records in 2022, reveals most traded sneakers
In a new report, Detroit-based resale platform StockX details the top-traded and fastest-growing brands on its platform over the last year. StockX’s annual report – Big Facts: Current Culture Index 2023 – notes that the company surpassed 1.5 million lifetime sellers, 12 million lifetime buyers and 40 million lifetime trades ...
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News briefs
Go Sport placed into receivership
A Grenoble-based commercial court has placed under controlled administration, or receivership, the French retailer of sporting goods Groupe Go Sport after having established that it was insolvent. The court said that it “has ascertained the insolvency of the company Groupe Go Sport and launched proceedings for receivership.” It noted that ...
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News briefs
THG’s FY sales rise 3.3%
THG said that in 2022 revenues rose by a reported 3.3 percent to £2.253 billion (€2.544bn). Excluding Russia, the top line grew by 4.1 percent. The British online company said that it normalized inventory levels through the second half of 2022, with an about £75 million (€84.7m) reduction in group ...
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News briefs
Aerosoles launches a shoe collection for kids
Aerosoles is launching a collection of children’s footwear as it seeks to establish itself as a global lifestyle brand by expanding beyond women’s shoe. The U.S. brand recently announced that it would be introducing men and women’s flip flops as well as men’s socks, slippers and roller skates to its ...
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News briefs
Caleres confirms FY outlook
Caleres confirmed its financial outlook for consolidated sales, adjusted earnings per share and inventory position for fiscal year 2022. The U.S. footwear company expects full-year sales up by between 4 percent and 6 percent year-over-year, adjusted earnings per share to come in between $4.30 and $4.40 and inventory to ...
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News briefs
Merrell has a new head for U.S. sales
Merrell has appointed Jessica Adler as the brand’s vice president of U.S. sales. With nearly 20 years of experience in retail, Adler will be responsible for the evolution of Merrell’s U.S. wholesale strategy which will further advance the brand’s roadmap for future growth. In her new role, Adler will report ...
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News briefs
Oeko-Tex joins ban on PFAS
The Swiss testing, labeling and certification body Oeko-Tex has issued new guidelines for a number of its standards, which are due to come into force in the first quarter of 2023 after a transition period. In addition to a brand new certification for organic cotton (Oeko-Tex Organic Cotton), Oeko-Tex has ...
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News briefs
Timberland has new head for the EMEA region
VF Corporation has announced new appointments to its leadership team in the EMEA region, including for the Timberland brand, effective Jan. 31. Nina Flood, the current president VF Global Packs (Eastpak, JanSport, and Kipling), is to be the new general manager of Timberland EMEA. She succeeds Mariano Alonso, who is ...
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News briefs
YNAP fined €5.25m in Italy for alleged misleading pricing, limiting returns
Italy’s antitrust authority has fined Yoox Net-a-Porter (YNAP) €5.25 million for allegedly misleading prices and limiting the right to return merchandise during a period running from 2019 to 2022. In particular, the regulator claims that the company limited consumers’ right to return merchandise by unilaterally blocking completed online orders, without ...
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News briefs
JD Sports’ H2 retail sales up by over 10%
Revenue growth for JD Sports Fashion’s organic retail businesses in the 22 weeks to Dec. 31 was more than 10 percent, compared with growth of 5 percent for the first half of the British company’s fiscal year. “The performance in these businesses through the Christmas period, both in stores and ...
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News briefs
Leadership changes at Dior and Louis Vuitton
The French luxury goods company LVMH announced management changes at two of its top brands. It said that Delphine Arnault has been appointed the chairwoman and CEO of the brand Christian Dior. Christine Arnault, the daughter of Bernard Arnault, who is the chairman and CEO of LVMH, replaces Pietro Beccari, ...
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News briefs
Copenhagen, Liebeskind founders to launch a footwear brand
The founders of Liebeskind Berlin and Copenhagen Studios, the brothers Johannes and Julian Rellecke, are about to launch a new footwear label, according to the German trade magazine TextilWirtschaft. After Copenhagen Studios - which became in 2021 part of the s.Oliver Group and is currently expanding into the French ...
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News briefs
German clothing retailers plan to increase prices
German clothing retailers plan to increase prices in the near term, bucking the general trend for German companies, according to the think tank Ifo. The general Ifo price expectations index fell to 40.3 points in December from 46.2 points in November, indicating that fewer German companies are planning to raise ...
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News briefs
Pittards sells 100,000 treasury shares
Pittards said that on Jan. 6 it sold 50,000 treasury shares at a price of 58.25 pence (€0.66) per share and on Jan. 9 it sold another 50,000 treasury shares also at a price of 58.25 pence per share, raising gross proceeds of £58,250 (€66,000). Following the sale of treasury ...
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News briefs
Crocs sees 2023 revenues up 10-13%
Crocs expects record 2022 revenues of some $3.55 billion, up by 53 percent growth compared to 2021 and beating its latest guidance of a 49 to 52 percent rise. In the fourth quarter, revenues are estimated to be up by about 60 percent year-on-year. The company expects 2022 adjusted operating ...
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News briefs
Amazon to close 3 U.K. warehouses
Amazon plans to shut down three warehouses in the U.K. as part of a restructuring of its logistics business in the country. The closure of the warehouses located in Hemel Hampstead, Doncaster and Gourock will impact 1,200 jobs, but people will be given the possibility to transfer to other units. ...
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News briefs
Piquadro’s 9-month sales rise by 15.9%
In the nine months ended Dec. 31, Piquadro generated revenues of €126.8 million, up by 15.9 percent on the same period of 2021. By brand, revenues increased by 18.3 percent to €53.2 million for Piquadro, while The Bridge saw sales rise by 23.9 percent to €23.1 million and Lancel grew ...
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News briefs
Cotélac obtains a safeguard procedure
Cotélac, a French ready-to-wear retailer, obtained a safeguard procedure on Jan. 4 from a Bourg-en-Bresse-based commercial court. The troubled company said that the procedure will provide it with protection from creditors in order to restructure its business after suffering a significant decline in trade due to various factors including ...
