All News briefs articles – Page 98
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News briefs
Global smart shoes market to rise nearly 11% a year - report
The global smart shoes market is estimated to rise from an estimated $150.25 milllion in 2021 to $250.34 million by 2026, growing at a compound annual growth rate of 10.75 percent, according to a report released by ResearchAndMarkets.com titled ”Global Smart Shoes Market (2021-2026) by Product Type, End-User, Distribution Channel, ...
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News briefs
Campus Activewear IPO runs April 26-28
The initial public offering (IPO) of Campus Activewear will be held on April 26-28. The transaction aims to raise about 14,000 million rupees (€170m) by selling 47.9 million shares. The price range of the IPO is 278-292 rupees (€3.38-3.63) per share. The shares are being sold by the businessmen Hari ...
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News briefs
Baffin launches new Citizenship Boot Project
The Canadian shoemaker Baffin launched a new Citizenship Boot Project to provide cold-weather footwear to those in need. Produced with a mix of recycled materials and donated goods, over 1,300 boots were manufactured in Baffin’s Stoney Creek, Ontario, factory and will be donated to North American organizations. The Citizenship ...
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News briefs
UGG launches its second carbon-neutral collection
UGG, the Californian brand part of Deckers Brands, launched its second carbon-neutral Icon-Impact Collection for spring/summer 2022, and plans a new Classic style featuring sheepskin sourced from farms that practice regenerative agriculture for the autumn of 2022. The Icon-Impact Collection features three styles, Fluff Yeah Terry, Fuzz Sugar Terry Slide ...
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News briefs
Gucci’s Q1 sales disappoint
Kering reported revenues of €4.956 billion in the first quarter of 2022, up by a reported 27 percent and by 21 percent on a comparable basis. Sales of the key Gucci brand amounted to €2.591 billion in the quarter, an increase of 20 percent on a reported basis and 13 ...
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News briefs
Naturalizer partners with the designer Tracy Reese
Naturalizer, founded in 1927 with the ambition to design shoes specifically for women, and Tracy Reese, an American designer who launched her namesake fashion brand in 1996, jointly launched the “Hope for Flowers” footwear collection. The limited single run collection will range in price from $110-$148 a pair. The collection ...
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News briefs
Puma starts testing Re:Suede model
Puma has launched the testing phase of Re:Suede to determine whether a biodegradable version of its Suede model – made of Zeology-tanned suede, biodegradable TPE and hemp fibers – will withstand everyday use and biodegrade usefully. Distribution of the new sneaker has begun. Testers will be wearing them for half ...
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News briefsAquafil releases its sustainability report
Aquafil, the creator of the branded Econyl regenerated nylon, has released online its Sustainability Report 2021. The report revolves around the company’s flagship product Econyl, which is described as putting Aquafil “at the forefront of the circular economy revolution in textiles.” Econyl is made from regenerated waste materials like old ...
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News briefsCrocs appoints Deanna Bratter as vice president and global head of sustainability
Following Crocs’ announcement of its ambitious sustainability strategy in July 2021, under which it aims to achieve a net-zero footprint by 2030 and become a more sustainable brand overall, the company has now announced that Deanna Bratter has joined the company as vice president and global head of sustainability. In ...
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News briefsMerrell launches beta version of shoe advisor app
Verifyt, a product of Boston-based company NetVirta, a developer of smartphone 3D body scanning technologies, is the fit-scanning technology used in the beta version of Merrell’s new Merrell Shoe Advisor mobile app, the industry’s first consumer app designed to ensure an accurate, personalized shoe fitting recommendation. Verifyt is said by ...
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News briefs
Castañer 2021 sales rise to over €19m
Castañer said that it posted a signficiant increase in sales last year to €19.3 million, however without giving an exact figure for the rise. The Spanish producer of espadrilles indicated that retail sales rose by 45 percent, with the gross margin improving by 2 percentage points, and digital revenues grew ...
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News briefs
Fratelli Rossetti 2021 sales rise by 40%
Fratelli Rossetti posted sales of €40 million in 2021, up by 40 percent year-over-year. In an interview with the daily Corriere della Sera, Diego Rossetti, the chairman of the Italian luxury footwear producer, indicated that the company does not rule out opening its capital to investment funds to finance ...
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News briefsMaterial Exchange raises €25 million in Series A funding round
Material Exchange, the Swedish marketplace that helps firms source more sustainable materials, has secured €25 million via a Series A funding round. The round was led by Molten Ventures, with the continued support of previous seed investors, including Partech, Inventure, Norrsken, Lyra, and Day One Capital. Material Exchange said ...
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News briefs
Velasca sales up by 80% in Q1
Velasca, the Italian footwear company launched in 2013, increased first-quarter sales by 80 percent year-over-year and expects to generate sales of about €18 million this year compared with some €13 million in 2021. The brand, which has its shoes produced in Montegranaro in the Italian Marche region, initially focused on ...
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News briefs
Vans sues MSCHF for Wavy Baby sneaker
Vans is suing the Brooklyn-based art collective MSCHF for its new MSCHF x Tyga ”Wavy Baby” sneaker which Vans alleges copied its Old Skool model, according to a lawsuit filed in the Eastern District of New York. “The Wavy Baby shoe blatantly and unmistakably incorporates Vans’ iconic trademarks and trade ...
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News briefsOrthoLite introduces OrthoLite ESD Shield
OrthoLite launched OrthoLite ESD Shield, which it claims is the world’s first and only mechanically-bonded electrostatic discharge protection insole technology. OrthoLite ESD Shield is available in molded insoles and delivers full heel-to-toe ESD protection, making it ideal for work and service footwear, it added. ESD Shield is a top cover ...
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News briefs
Marsèll sees 2022 sales above €16m
The Italian footwear and leather goods company Marsèll expects 2022 sales to rise to above €16 million from more than €14 million in 2021, when the top line grew by 57 percent compared with 2020 and by 26 percent from 2019. The company, which was founded in 2001 in the ...
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News briefs
South African sportswear retailer Studio 88 Group acquired by Mr Price
Fashion and home goods retailer Mr Price, a publicly-traded company based in Durban, South Africa, announced that it is acquiring 70 percent of the shares in Studio 88 Group, a major retailer of sneakers and apparel from Nike, Adidas, Vans and many other sportswear brands in South Africa, for 3.3 ...
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News briefs
Hermès Q1 sales up by 33%
In the first quarter of 2022, Hermès posted revenues of €2,765 million, up by 33 percent on a reported basis and 27 percent at constant exchange rates. Sales were particularly dynamic in group stores, especially in America and Europe, driven by the acceleration in all the business lines and the ...
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News briefs
Skechers appoints a new board member
Skechers has appointed Yolanda Macias to its board. The appointment brings the total number of directors to eight, including five independent members. Macias has been at Cinedigm Entertainment Group since 2013, currently serving as the chief content officer where she oversees global content acquisitions, in addition to digital and physical ...
