News Briefs – Page 6
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News briefs
Tre Zeta Group continues its buying spree
Tre Zeta Group has acquired a 100 percent stake in Walking World, an Italian producer of insole. The company located in Porto Recanati, in the Marche region, was founded in 1990 by Antonio Giampaoli and Sonia Mangialardo. Walking World specializes in components for sneakers and has increased annual revenues by ...
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News briefs
Red tape, higher costs and shopper reluctance weigh on German fashion retailers
Increasing bureaucracy, soaring costs and consumers’ reluctance to buy are putting a strain on German fashion retailers, a survey from the country’s textile, shoes and leather goods trade association, BTE, showed. Bureaucracy is currently seen as the greatest concern as it is rated by the retailers participating in the ...
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News briefs
Moreschi to outsource its manufacturing
Moreschi, an Italian producer of upscale shoes, plans to outsource its production to third parties. In a statement, the Italian footwear company controlled by the Swiss group Hurley deems its own production “not adequate to the required standards” of the brand. According to media reports, the move will lead to ...
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News briefs
Veldskoen Shoes expands in the US
Veldskoen Shoes, a South African footwear brand, has opened new offices in Atlanta as it expands in the US. The expansion plan includes increased availability in major retail outlets, strategic pop-ups in major cities and a strengthened e-commerce platform to make the brand accessible to consumers across the country. “We ...
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News briefs
Della Valle family does not plan to sell Tod’s
The Della Valle family that controls Tod’s has no intention of selling the Italian producer of luxury goods, said Diego Della Valle, the chairman and CEO of Tod’s. “We don’t have to sell anything, we have a family business with young people who want to do this job,” Della Valle ...
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News briefs
Skechers opens a new distribution center in Japan
Skechers is launching a new high-tech distribution center in Minato City, Tokyo. The facility was built with technology from Hai Robotics, with support from material handling consulting company MHE Solutions. The investment is meant to help Skechers meet the growing demand for its products on the Japanese market. The Hai ...
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News briefs
Oerlikon to spin off its Polymer Processing Solutions division
The Swiss industrial group Oerlikon plans to spin off its Polymer Processing Solutions business in order to focus on surface solution markets. “Today, we announce our final strategic step to become a pure-play leader in the broad surface solutions markets with attractive organic and inorganic growth opportunities. We will further ...
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News briefs
Germany could lose 5,000 stores in 2024
The retail sector in Germany is set to lose 5,000 more stores across all consumer goods segments in 2024, extending a downward trend, according to a forecast by the German Retail Association (HDE). By the end of this year, store closures since 2020 are expected to reach 46,000, the ...
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News briefsShiekh Shoes launches a credit card
Shiekh Shoes, a US footwear and apparel retailer, is introducing the Shiekh Credit Card in partnership with Sunbit, a financial technology firm. The co-branded retail credit card is built on the Sunbit Credit Card platform and ”designed to enhance the shopping experience and foster brand loyalty,” Shiekh Shoes said. By ...
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News briefs
Schuh-Welt files for restructuring under self-administration
The German shoe retailer Schuh-Welt has filed for restructuring under self-administration with the Pirmasens district court, as sluggish demand and rising rent and energy costs have taken their toll on the company’s finances. The retailer operates ten stores in southwestern Germany, including its headquarters in Waldfischbach-Burgalben, in the Rhineland-Palatinate ...
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News briefsSkechers’ store network exceeds 5,000 units
Skechers’ store network has exceeded 5,000 locations, and the US company indicates that it is on track to doubling its footprint. The 5,000th store was opened in Bogotá, Colombia. The US footwear company opened its first Skechers store in 1995 in Manhattan Beach, near its corporate offices in Los Angeles. ...
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News briefsFrench shoe sales drop 4.9% in 2023
In 2023, sales volumes of fashion items dropped by 4 percent in France, led by a 4.9 percent decline in footwear, according to the Institut Français de la Mode (IFM), a higher-education institution. IFM noted fashion retailers continued to face a difficult business environment, with chains closing 782 stores and ...
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News briefsLiving Kitzbühel hires a head of product
The Austrian slipper brand Living Kitzbühel has expanded its management team with the addition of Christina Wittmann as the new Head of Product, according to media reports. Wittmann previously worked for 16 years at Leder & Schuh AG, where she most recently served as Head of Buying, after introducing ...
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News briefsHooijer Footwear Group strengthens its sales team
The Dutch distribution and wholesale company Hooijer Footwear Group has strengthened its sales team in Bavaria and Austria. Thomas Lugmeier has been responsible for the Heydude and Crocs brands since the beginning of the year, Hooijer said on its LinkedIn page. He succeeds Gerd Neubauer, who is now in ...
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News briefsMicam to see the presence of 76 Brazilian brands
Abicalçados said that 76 Brazilian brands benefitting from a trade support scheme will be attending the Micam trade show, scheduled to run from Feb. 18 to 21 at the Fieramilano Rho exhibition center on the outskirts of Milan. The delegation is similar in size to the one present at Micam’s ...
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News briefsMaersk warns that Red Sea crisis could last well into H2
Maersk is advising customers to prepare for a Red Sea crisis that could last well into the second half of this year. “Unfortunately, we don’t see any change in the Red Sea happening anytime soon,” Charles van der Steene, the regional president for Maersk North America, told the television network ...
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News briefs
German economic sentiment improves
In February, the index for economic sentiment in Germany rose to 19.9 from 15.2 in January, lifted by expectations that the European Central Bank (ECB) and the US Federal Reserve would start cutting interest rates to stimulate the economy, according to the latest survey released by think tank ZEW. Economists ...
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News briefsDeckers names Robin Green head of Hoka
Deckers Brands has named Robin Green as president of the brand Hoka, with immediate effect. Green will serve on the executive leadership team, reporting directly to Dave Powers, the CEO and president of Deckers Brands. ”Green has an extensive track record of leading and operating complex global businesses while delivering ...
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News briefsFamous Footwear hires a general merchandise manager
Andrew Leckie has joined Famous Footwear as senior vice president and general merchandise manager. He will oversee buying and merchandising for the adult athletic, kids and Canadian businesses, announced Caleres, owner of the American footwear retailer. Leckie began his career in athletics and footwear nearly 30 years ago and has ...
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News briefs
Skechers celebrates dismissal of shareholder lawsuit by Delaware Court
Skechers USA. Inc. has announced that the Delaware Chancery Court has dismissed with prejudice the shareholder derivative lawsuit filed on July 21, 2022, against all current and former members of the Skechers board of directors named as defendants. The court’s decision to dismiss the action with prejudice was met with ...
