Product & Marketing – Page 19
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News briefs
Freebird closes its HQ and most of its stores
The US footwear retailer Freebird has closed its headquarters in Denver and 14 of its 20 stores due to financial difficulties. Freebird is controlled by the turnaround company Ampleo, which was appointed as a caretaker by a Denver court on May 20. The retailer was reportedly being sued by KeyBank ...
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News briefs
FDRA elects a new board
The Footwear Distributors and Retailers of America (FDRA) has elected a new board for the 2025–2027 term. The newly elected leadership includes Josue Solano, Chief Executive Officer of BBC International, as Chairman of the board; Dan Friedman, Chief Sourcing and Supply Chain Officer at Caleres, as Vice Chairman; and Lisa ...
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ArticleOnygo files for insolvency after failed rescue attempt
The German shoe and fashion retailer Onygo, previously owned by Deichmann, has filed for insolvency proceedings under self-administration with the Hamburg District Court after a recent rescue attempt proved unsuccessful. All 23 stores nationwide and 150 employees are affected. In October 2023, Deichmann announced that its sneaker and streetwear ...
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ArticleSchuh Graf files for bankruptcy
Schuh Graf has filed for bankruptcy and initiated restructuring proceedings under self-administration as persistently adverse market conditions continue to put a strain on the German shoe retailer. The Stuttgart District Court granted the application and appointed Tibor Daniel Braun, from the Stuttgart-based law firm Illig Braun Kirschnek, as the provisional ...
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News briefs
Vietnamese companies diversifying their supply chain
According to a PwC study, 86 percent of Vietnam’s manufacturers are very concerned about the US tariff policy, and 44 percent of the companies are already diversifying their sources of supply to other countries to reduce their reliance on China. The survey also showed that 34 percent of Vietnamese companies ...
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ArticleChina is expected to see a significant decline in its exports as a result of the trade war
The introduction of higher import tariffs by the US is expected to lead to a significant decline in China’s market share in global footwear exports, but the Asian powerhouse will remain the world’s leading manufacturer for the foreseeable future as the efficiency of its manufacturing base continues to attract buyers, ...
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News briefs
Zalando’s head of Nordics and Benelux leaves
After five years as Zalando’s General Manager for the Nordic region and Benelux, Fabio Baum is stepping down. ”After five incredible years, it’s time to say goodbye to Zalando 🧡,” Baum wrote on LinkedIn.”From navigating the challenges of the pandemic, to launching and scaling operations in eight new markets, to ...
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ArticleLeder & Schuh reports moderate sales growth
Leder & Schuh increased its sales in 2024 as the launch of a new private label, the further expansion of its store network and an optimization of its product range helped spur growth. Last year, sales increased by approximately 1.1 percent year-on-year, reaching €371 million, while the gross profit ...
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ArticleThe US and Vietnam reach a trade agreement
The US has reached a trade agreement with Vietnam which is seen as open to intepretation and detrimental to China. It is the second trade deal struck by the North American powerhouse, after the agreement with the UK, since the US administration announced a review of arrangements with its trade ...
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ArticleGerry Weber closes all its stores
Gerry Weber is shutting down all its remaining stores in Germany and Europe and selling its trademark rights to the Spanish Victrix Group. The demise of the German fashion group is the result of the latest insolvency proceedings, the third in just a few years, and its unsuccessful restructuring efforts. ...
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News briefs
Frasers sets up a new financial arrangement
Frasers Group has now entered into a new term loan and revolving credit facility with its banks which replaces its existing financing facilities of £1.65 billion (€1.91bn), excluding Frasers Group Financial Services Limited’s securitised loan. The new facility, which is valid for three years, with two one-year extension options for ...
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News briefs
Caleres increases and extends its revolving credit facility
Caleres has entered into an amendment of its credit agreement, which extends its senior secured asset-based revolving credit facility to June 2030. The US footwear company’s borrowing capacity under the agreement will increase by $200 million to $700 million, and includes an accordion feature, which allows Caleres to request an ...
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ArticleAllbirds sets up new financing agreements
Allbirds entered new financing agreements to optimize its working capital and enhance its financial flexibility to support long-term growth plans. A new $75 million asset-based revolving credit facility with Second Avenue Capital Partners, consisting of a $50 million tranche and a $25 million accordion feature, replaces the company’s previous $50 ...
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ArticleSpanish footwear exports flat in value in the first four months of 2025
In the first four months of the year, Spain exported 59.9 million pairs of shoes, down by 2.20 percent year-over-year, for a total of €1.193 million, up by 0.04 percent as the average price per pair increased by 2.20 percent to €19.92, according to data released by Fice, the Spanish ...
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News briefs
Saucony opens its first flagship store in the UK
On June 19, Saucony opened its first store in the UK, located in London´s Covent Garden, where a lot of sports brands are already present. Saucony wants its new store to be more than just a retail space; the brand wants to become a “meeting place for London’s running community.” ...
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News briefs
Brazilian footwear firms expect to generate $21.77m in sales thanks to Expo Riva Schuh
At Expo Riva Schuh and Gardabags, the Italian trade show specializing in footwear, bags and accessories held from June 14 to 17 in Riva del Garda, Brazilian exhibitors sold more than 497,000 pairs of shoes for a total value of $6.0 million. Based on the deals struck during the trade ...
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ArticleClarks’ profits fall again as consumers continue to rein in spending
Clarks reported lower annual profits for 2024 as headwinds from the prior year continued with challenging trading conditions persisting in the UK, Europe and the US and consumers seeking cheaper prices. Ebitda for the 12 months to Dec. 31 fell to £25.8 million (€30.1m) from £42.5 million a year earlier. ...
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News briefs
Scarpa appoints Trentin and Regeni as co-CEOs
Asolo-based technical footwear manufacturer Scarpa has announced on LinkedIn the appointment of Stefano Trentin and Pierantonio Regeni as co-CEOs, effective July 1. Trentin will oversee the Product and Market areas, while Regeni will manage Administration and Operations. The appointments were approved by the board of directors, which includes representatives from ...
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ArticleItalian footwear manufacturers revenues drop by 7.0% in Q1
In the first quarter of 2025, revenues of Italian footwear manufacturers fell by 7.0 percent year-over-year, according to a survey carried out in April and May by Confindustria Accessori Moda among members of the Italian footwear association Assocalzaturifici. Data on industrial production released by the national statistics office Istat painted ...
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News briefsSperry reenters the British and Irish markets
Authentic Brands Group (ABG) signed an agreement with Gardiners Bros, a British distributor of global footwear and apparel brands, for the distribution of Sperry footwear for men and women across the UK and Ireland. “This partnership reintroduces the brand to a market where it holds strong awareness and affinity, supporting ...
