All News briefs articles – Page 89
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News briefs
Clarks US picks TPP Retail for labelling
Clarks US, the American unit of the British footwear group Clarks, has chosen TPP Retail’s Label IQ application to provide a comprehensive labelling solution for its stores. The TPP Retail’s solution was already rolled out in the group’s stores in the U.K., Ireland and Europe. “The TPP solution was a ...
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News briefs
Macy’s cuts FY guidance on deteriorating consumer spending
In the second quarter ended July 30, the net sales of the American department store chain Macy’s slipped to $5.600 billion dollars from $5.647 billion a year earlier as comparable sales were down by 1.5 percent for owned stores and down by 1.6 percent for owned and licensed stores. Digital ...
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News briefsUFG strikes a licensing deal with Lyle & Scott
Unlimited Footwear Group (UFG) has entered a licensing agreement with the British brand Lyle & Scott, under which the Dutch footwear group will design, produce and distribute all upcoming branded Lyle & Scott footwear collections throughout the entire European Union, the U.K., Switzerland, Scandinavia and the U.S. The Lyle & ...
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News briefs
Adidas' CEO to step down in 2023
Adidas said that its CEO, Kasper Rorsted, and the supervisory board have mutually agreed upon that Rorsted will hand over the CEO position during the course of 2023. The search for a succession has started, the German sportswear group added. Rorsted will remain CEO until a successor has been ...
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News briefs
Diego Della Valle files document to delist Tod’s
Tod’s said that its main shareholder, Diego Della Valle, has filed documents with the Italian market regulator Consob for a public offer to delist the Italian fashion house from the Milan stock exchange. As announced earlier in August, DeVa Finance, which is controlled by DI.VI. Finanziaria di Diego Della Valle ...
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News briefsMexico footwear industry faces slow recovery
Mexico’s footwear industry may not return to pre-Covid-19 production levels before 2024, according to Ignacio Irurita, vice president of the local trade association Canaical. The country produced 190.5 million pairs of shoes in 2021, up about 20 percent from 2020 but about 60 million pairs less than in 2019. Irurita ...
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News briefs
U.S. footwear imports rise sharply in H1
Trade data released by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis showed that in first half of 2022, seasonally-adjusted U.S. footwear imports rose to $13,576 million from $9,451 million a year earlier. In the sole month of June, imports reached $2,449 million against $2,580 million in ...
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News briefs
Allbirds appoints a Nike veteran to its board
Allbirds appointed Ann Freeman to its board of directors, effective Aug. 16. Freeman is an industry veteran who spent more than 26 years at Nike, where she held multiple leadership positions across all major global markets. Most recently, she was VP and GM of North America, Nike’s largest market, where ...
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News briefs
Veja launches a shoe repair service in Berlin
On Sept. 1, a sneaker repair shop will come on stream in the newly opened Veja store in Berlin-Mitte. The repair service will be available to Veja sneakers and other brands. Veja’s store is located at Alte Schönhauser Str. 42, and is open Monday through Saturday from 10 am. to ...
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News briefs
TJX’s sales decline in Q2 and are expected to be weak in H2
TJX rerported that in the second quarter ended July 30 net sales fell by 2 percent year-on-year to $11.8 billion as U.S. comparable store sales decreased by 5 percent. Net income for the second quarter was $809 million, and diluted earnings per share (EPS) were $0.69 versus $0.64 a year ...
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News briefsAsos’ COO and CFO Mat Dunn steps down
Asos’s chief operating officer (COO) and chief financial officer (CFO) Mat Dunn and the board of the British fashion online retailer have agreed a phased plan under which the manager will step down from his roles as the company restructures its executive team. The announcement comes two months after the ...
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News briefsVulcabras’ sales, profits soar in Q2
Vulcabras’ net income rose by 207 percent to 95.0 million Brazilian reais (€18.1m) from R$30.9 million for the period ended June 30. Operating earnings (Ebit) increased 73 percent to R$236.2 million (€45.1m). Ebitda was 30 percent higher at R$133.4 million (€25.5m) as the year-on-year gross margin percentage improved to 36.0 ...
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News briefsThredUP loses $28 million in Q2, to axe 15% of headcount
ThredUP, a Californian company operating in the apparel resale market that also provides a platform for third-party brands, announced its financial results for the second quarter ended June 30. Revenues increased by 27 percent to $76.4 million, while active buyers increased by 29 percent to 1.7 million. The gross margin ...
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News briefs
Ferragamo partners with Farfetch
Salvatore Ferragamo has entered into a partnership with Farfetch as part of its plan to widen its audience and engage with younger consumers. The commercial agreement will enable Ferragamo to benefit from a global audience through Farfetch Marketplace and benefit from the services of Farfetch Media Solutions. Marco Gobbetti, Ferragamo’s ...
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News briefsAssocalzaturifici picks Giovanna Ceolini as acting president
Giovanna Ceolini has been appointed acting president of Assocalzaturifici, the Italian footwear association. She replaces Siro Badon, who resigned on July 26 for personal and professional reasons. Ceolini was chosen based on the association’s bye-laws that establishes that in the event of the early resignation of the president, he is ...
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News briefs
McLaren teams up with Athletic Propulsion Labs
British carmaker McLaren Automotive and Athletic Propulsion Labs (APL), a high-performance athletic footwear brand, have teamed up to create a new range of luxury footwear. The first offering from the collaboration is the limited-edition APL | McLaren HySpeed, a new silhouette designed as an all-purpose performance running shoe inspired by ...
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News briefs
Issey Miyake dies at 84
The Japanese designer Issey Miyake has died at the age of 84. Miyake was born in Hiroshima in 1938 and moved to Paris in the 1960s, where he worked with fashion designers Guy Laroche and Hubert de Givenchy. After moving to New York for a short time, he headed back ...
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News briefs
Global apparel and footwear sales to grow 2.6% a year
The size of the global apparel and footwear market is estimated at $1,395,930 million in 2021 and is forecast reach $1,496,720 million by 2028 with a compound annual growth rate of 2.6 percent between 2022 and 2028, according to a survey released by Absolute Reports.
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News briefs
Lane Eight partners with Carbonfact to lower carbon footprint
Lane Eight, a U.S. performance footwear brand, has partnered with Carbonfact to achieve an assessment of its carbon footprint, which it aims to reduce to net zero by 2030. Lane Eight footwear is made using material such as eucalyptus, provided by Tencel, and algae, thanks to Bloom, as well as ...
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News briefs
ThredUP hires a chief marketing officer
U.S.-based company ThredUP, a large online resale service provider and platform for women’s and kids’ apparel, shoes and accessories, has hired Noelle Sadler as its chief marketing officer (CMO). She is the company’s first dedicated CMO in nearly five years and will report to president Anthony Marino, who previously oversaw ...
