Keen launches its first lifestyle shoe
Keen has launched the KS86, the brand’s first lifestyle sneaker. The shoe is a recreation of the archived Keen A86 trail runner, which debuted in 2010 and has now been reinterpreted by the brand for everyday life in and around the city.
Nuo buys a minority stake in Scarpa
Scarpa, the Italian specialist for mountain and outdoor footwear, has that the investment holding company Nuo has acquired a minority stake in the company. Cornaro, the holding company of the Parisotto family, will continue to hold the majority and maintain control. No financial details were released.
Deckers continues to be driven higher by Hoka and Ugg
Fueled by higher levels of full-price selling and double-digit sales gains for both its Hoka and Ugg brands, Deckers Outdoor reported 81 percent net income growth to $115.6 million for the first quarter that ended June 30 from $63.6 million a year earlier. The period marked the last earnings call ...
How an Italian online platform aims to give more visibility to local fashion stores
JustinShop is an Italian startup that created an app allowing users to book fashion items, such as a piece of apparel or a pair of shoes, with the option to receive them at home by courier or pick them up at a nearby shop.
Sergio Rossi hires Paul Andrew as creative director
Sergio Rossi, the Italian luxury footwear brand owned by Lanvin Group, has appointed Paul Andrew as Creative Director. The 45-year-old designer has worked with various brands including Donna Karan, Calvin Klein, Narciso Rodriguez and Alexander McQueen. From 2016 to May 2021, Andrew worked for Salvatore Ferragamo. He joined the Florence-based ...
LVMH's sales decline
LVMH’s fashion and leather goods division posted revenues of €20.771 billion in the first half of 2024, down by a reported 2 percent year-over-year but up by 1 percent organically.
Most German, US and Japanese consumers prefer multi-brand retailers
A majority of consumers in Germany, the US and Japan prefer multi-brand retailers when shopping for fashion and lifestyle products, while direct-to-consumer retailers are losing key consumer touchpoints, a study from Roland Berger showed. The global consultancy firm surveyed over 1,800 consumers in the three countries.
Sustainability is becoming more important for Germans shoppers
Sustainability is playing a growing role in buying behavior among German shoppers, with nearly half of consumers now making sustainable purchases, according to the latest Sustainability Consumer Monitor from HDE, the German retail association.
French footwear sales surge in June
In June, French footwear retail sales rose by a seasonally and working-day adjusted 4.5 percent month-on-month, according to the Bank of France.
Austrian textile and shoe retailer Vianello files for bankruptcy
The Austrian fashion retailer Vianello has filed for bankruptcy after taking a hit from falling sales amid a spike in costs.
Superga and Sebago licensee CMH Consulting files for bankruptcy
Superga and Sebago’s licensee CMH Consulting, Management and Handel has filed for bankruptcy.
Cambodia's first-half footwear exports up by 10.4%
In the first half of 2024, footwear exports from Cambodia rose by 10.4 percent to $774 million from $700.6 million dollars a year earlier, according to the Ministry of Commerce.
Vietnam’s leather, footwear, handbag exports seen reaching $26-27bn in 2024
Export revenues for the Vietnamese leather, footwear and handbag industry are expected to reach $26 billion to $27 billion in 2024, according to Lefaso, the Vietnam leather, footwear and handbag association.
Belledonne raises €1m in funding
Belledonne Paris raised €1 million from external investors to finance its expansion. Since its launch in 2018 thanks to a crowdfunding effort via the Paris and Montreal-based platform Ulule, Belledonne has been self-financed. The brand has also benefited from the support of Au delà du cuir (ADC), the leading French ...
No new class in the coming school year at Pirmasens shoe school
For the first time in 20 years, the shoe school (Schuhfachschule) in Pirmasens, in the Rhineland-Palatinate region of Germany, will not have a new class for the coming school year due to a lack of applicants.
Esprit’s Austrian subsidiary files for bankruptcy
Esprit’s Austrian subsidiary, Esprit Handelsgesellschaft m.b.H., has filed for bankruptcy at the Salzburg Regional Court.
Skechers sues L.L. Bean for alleged patent infringement
Skechers USA has filed a lawsuit against L.L. Bean, accusing the Maine-based retailer of allegedly copying a shoe design, according to local media.
Italian shoemakers agree on a new labor contract
Assocalzaturifici, which represents the Italian footwear industry, and the trade unions Filctem - CGIL, Femca - Cisl and Uiltec - Uil signed on July 17 a new nationwide collective labor agreement. The contract is effective from Jan. 1, 2024 and will last until Dec. 31, 2026. The previous contract expired ...
The stocks of footwear companies weaken in Q2 on soft economic prospects
The prices of stocks monitored by Shoe Intelligence fell by 4.6 percent on an equal-weighted average in the second quarter of 2024, compared with the previous three months as many economies continue to show signs of weakness. Meanwhile, interest rates in Western countries are staying higher for longer than expected ...
Diadora hires a chief marketing officer for the US
Diadora has hired Ryan Eckel as its chief marketing officer for the US. For five years, Eckel was brand president of Tracksmith, a Boston-based running brand that debuted in footwear in September 2022.