Zalando has further cut its full-year guidance as macroeconomic conditions deteriorated in the second quarter. The company had already issued a profit-warning in May with the release of its first-quarter results, which included the first decline in quarterly sales of the history of the German online fashion retailer.
Boohoo has appointed Shaun McCabe as chief financial officer. He will succeed Neil Catto, who will become an executive director, remaining on the board of the British online fashion retailer, with responsibility for strategic projects.
Retail sales in France in May rose by 0.6 percent in volume from April on a calendar and seasonally adjusted basis with a 2.8 percent decline in food sales offset by a 1.8 percent increase in the sales of manufactured goods, according to data released by the Bank of France.
The European Commission said that it took ”a major step in making EU trade greener, fairer and more sustainable” thanks to a new plan to enhance the contribution of trade agreements in protecting the climate, environment and labor rights worldwide.
Insoles manufacturer Superfeet has expanded the Adapt family of insoles by introducing Adapt Hike Max. Designed specifically for hiking, these insoles use the Adapt collection’s patented Adaptive Comfort Technology, and they are made with two layers of Superfeet’s Aerolyte foam. The Adapt Hike Max Insoles are the first hiking-focused insoles ...
In the full year ended Jan. 29, JD Sports Fashion’s basic earnings per ordinary share rose to 7.17 pence (8.4 euro cents) from 4.61 pence as revenue grew to £8.563 billion (€9.977 bn) from £6.167 billion. Adjusted earnings per ordinary share doubled to £12.84 pence (€14.90) from 6.44 pence.
Safety Jogger, the leading brand of the Belgian footwear and apparel company Cortina, is diversifying into workwear after having entered the outdoor market with the Safety Jogger Adventure footwear collection launched in May.
The U.S. retailer Walmart has a 62.2 percent stake in Symbotic, a provider of artificial intelligence-enabled robotics automation technology, according to a filing with the US Securities and Exchange Commission.
In the wake of the recent New York Times article “How fashion giants recast plastic as good for the planet,” the Natural Fibers Alliance (NFA) is campaigning for an immediate suspension of the use of the Higg Index. Since its implementation in 2012 by the Sustainable Apparel Coalition, the ...
The clothing, shoe and accessories retailer Primark is making its first move into online shopping in the U.K., where it will trial a ‘click-and-collect’ service as it reported a sharp rise in third-quarter sales.
Bata, the Lausanne-based shoemaker plans to increase the number of its stores in franchising from about 90 currently to 200 by the end of 2024. The expansion of the network will focus on opening stores in the center of towns with a population of 40,000-80,000. The brand is also interested ...
The summer edition of Expo Riva Schuh & Gardabags, which was held from June 11 to 14 in Riva del Garda, Italy, was a vibrant event and a throwback to the pre-pandemic days when trade shows were paramount in aggregating the footwear business community.
El Naturalista’s summer collection is benefiting from a 26 percent increase in sales compared with the previous year as the Spanish brand owned by The Art Company rebounds from the dip caused by the Covid-19 pandemic.
In an exclusive interview wih Shoe Intelligence, Lewin Berner, the CEO of the German footwear company Sioux, explains the reasons behind the decision to manage distribution directly in the Benelux, his view on the war in Ukraine after Russia’s invasion on Feb. 24, the return of the company’s presence in ...
Quanticlo, an Italian fast-fashion online company founded eight years ago, reached €5 million in revenues in 2021, growing by 58 percent from its pre-pandemic level of 2019. The brand targets further growth by strengthening its presence in its core European markets and building up consumer awareness.