All News briefs articles – Page 88
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News briefs
Saucony to boost its retail presence in Spain
Saucony, a brand of Wolverine Worldwide, is planning to open around 20 shop-in-shops at El Corte Inglés’ department stores across Spain between 2022 and 2023, Modaes has reported. Specifically, between ten and twelve units will open in the fourth quarter of 2022, devoted to its Originals product line. Six or ...
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News briefsGerman footwear manufacturers plan to increase prices
German companies intend to increase their prices ”on a large scale”, including footwear manufacturers, according to the latest survey from the economic research institute Ifo. A particularly large number of clothing manufacturers plan to raise their prices, with the indicator rising to 89.2 points, up from 84.6 points in July. ...
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News briefs
Calzedonia buys Antonio Marras
The Italian group Calzedonia has bought an 80 percent stake in the fashion house Antonio Marras. No financial details were released. Calzedonia said that it will help the development of the fashion house thanks to its expertise in retailing and production, as well as its financial strength. The designer Antonio ...
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News briefs
Unbound Group names a new CFO
The British retailer Unbound Group said that its chief financial officer (CFO), Dan Lampard, intends to step down from the role and the board from Oct. 1, to take up the position of CFO with another business. Gavin Manson, currently a non-executive director of the company, will take over as ...
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News briefs
Superga in co-branding venture with Alaïa
The Belgian fashion designer Pieter Mulier, Alaïa’s creative director since 2021, has reinterpreted two of Superga’s sneakers as part of a co-branding initiative between the fashion house established by the Franco-Tunisian stylist Azzedine Alaïaz and the Italian shoe brand owned by BasicNet. The 2750 and 2790 sneakers were chosen as ...
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News briefsBrazilian footwear component exports up 20%
Brazilian exports of footwear components totaled $253 million in the first seven months of 2022, up by 20 percent year-over-year, according to Assintecal, the local association of leather, footwear and component companies. Exports were also up by 37 percent compared with the first seven months of 2019, indicating that the ...
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News briefs
British Footwear Association names Jane Wilson chair
The British Footwear Association (BFA) has appointed Jane Wilson as chair, replacing Robert Perkins, who held the job for four years. Wilson was previously a non-executive director on BFA’s board. Wilson is chief executive at William Lamb Group since 2018. She previously worked for companies such as Start-Rite and Clarks. ...
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News briefs
Pegasus International continues to seek tenants for idle capacity
Pegasus International Holdings Ltd. reported a 36 percent increase in revenues from the manufacture and sales of footwear to $2,847,000 in the first half of 2022 from $2,095,000 a year earlier. Total first-half revenues increased by 51 percent to $5,261,000 from $3,479,000. In 2020, the company started to lease idle ...
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News briefs
VF cutting 600 jobs
VF Corp. the Denver-based company that owns brands such as The North Face, Timberland, Smartwool, Altra, Icebreaker and Vans, is cutting 600 jobs worldwide, the Denver Business Journal reported, citing a letter sent by the president and CEO, Steve Rendle, to employees. VF is axing 600 office-based roles, which will ...
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News briefsToray announces renewable nylon 66 breakthrough
Tokyo-based Toray Industries announced that it has developed what it claims is “the world’s first 100% bio-based adipic acid,” a raw material for nylon 66 (polyamide 66). The company achieved this breakthrough using a proprietary synthesis technique that combines its microbial fermentation technology and chemical purification technologies. Nylon 66 has ...
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News briefs
ABG and Warson collaborate on Volcom and Frye work shoes
Authentic Brands Group (ABG) announced an expanded partnership with Warson Brands, a full-service manufacturer of protective and safety technologies and longtime partner of Reebok. Warson has committed to designing, developing and distributing high-quality professional footwear for the Frye and Volcom brands in the U.S. and Canada. The Frye Company will ...
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News briefsKeen releases women’s hiking shoe
Source: Keen Footwear For autumn/winter 2022, Keen is introducing the Terradora Flex, a women’s hiking shoe designed for athleisure use, on the trail and in town. It combines the Terradora model’s fit with the Keen brand’s Bellows.Flex air-cushioning system, located at the flex point of the forefoot. ...
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News briefsShoe Zone hikes its full-year guidance again
Shoe Zone improved its full-year guidance again and now expects adjusted profit before tax for the financial year ending Oct. 2 to be ”not less” than £10.5 million (€12.2m).The forecast excludes the profit on the sale of freehold property and foreign exchange revaluations. The British footwear retailer previously forecast adjusted ...
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News briefs
Amazon in green hydrogen supply deal
Amazon has signed an agreement with Plug Power to supply 10,950 tons per year of green hydrogen for its transportation and building operations, starting in 2025. The move is part of Amazon’s efforts to meet its Climate Pledge commitment to be net-zero carbon across its operations by 2040. Amazon co-founded ...
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News briefsOnly two foreign brands entered Russian market in H1
In the first half of 2022, only two foreign brands, the Chinese sporting goods supplier Li-Ning and the perfume company Vilhelm Parfumerie, entered the Russian fashion market, which is the lowest figure since 2014, according to a research conducted by Knight Frank Russia. On the other hand, nearly 180 brands ...
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News briefsGlobal luxury footwear market seen at nearly $26bn this year
The global luxury footwear market is expected to grow by 5.8 percent from $24.37 billion in 2021 to $25.78 billion in 2022, according to the Luxury Footwear Global Market Report 2022 available on ResearchAndMarkets.com. North America was the largest market for luxury footwear in 2021 followed by Western Europe. The ...
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News briefs
Skechers picks Myleene Klass as brand ambassador
Skeckers has signed on the musician, presenter and entrepreneur Myleene Klass as ambassador for the brand’s footwear and apparel offering across the U.K. and Ireland.
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News briefsZegna improves FY guidance
Ermenegildo Zegna posted a net profit of €21.02 million in the first half of 2022, down from €32.23 million a year earlier, while sales rose by 21 percent to €729 million. During the period, adjusted Ebit grew to €82.69 million from €66.81 million and the margin widened to 11.3 percent ...
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News briefs
Farfetch Q2 earnings decline but sales rise
Farfetch, the British internet platform for luxury goods, realized an 18.7 percent decline in attributable profit to $70.5 million in the second quarter ended June 30 from $86.6 million a year earlier. Ebit was down by 29 percent to $60.4 million from $84.7 million as the operating loss widened by ...
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News briefs
Tapestry’s CFO takes on the extra role of COO
Tapestry, the New York-based fashion house which owns Coach, Kate Spade and Stuart Weitzman, announced that its chief operations officer (COO), Tom Glaser, 61, has decided to retire. He will remain with the company until Oct. 1. Scott Roe, who has been chief financial officer since June 2021, has taken ...
