News
The importance of design in sustainable footwear
An increasing number of companies are focusing on products based on recycled, recyclable, biodegradable, renewable materials and more durable products and the design element is key on the whole process
Crocs to reduce sourcing from China
The footwear company known for the iconic clogs says the amount of US products sourced from China will be below 10% for 2020. Currently, Crocs imports 30% of its US product from China
Puma to invest 40 million US dollars in Indiana
Puma North America intends to invest 40 million US dollars in a new distribution center in Indiana. A 635 000-square-foot building and the hiring of 90 people should be the key elements of the new facility
Genesco names new CFO
The Tennessee-based company appointed Mel Tucker, Senior Vice President of Finance and Chief Financial Officer, effective from the 24th June 2019. Tucker succeeds Mimi E. Vaughn, who recently was promoted to Chief Operating Officer
Chanel invests in company focused on sustainable materials
The French-based luxury brand has invested in a chemistry firm that's exploring ways silk could replace chemicals used in clothing manufacturing
Huajian group to invest in Ethiopia
According to the website of the Ethiopian Embassy Brussels, the Chinese-based group will invest 100 million US dollars in shoe manufacturing and coffee processing
Singapore: most competitive economy
Singapore has ranked as the world’s most competitive economy for the first time since 2010, according to the IMD World Competitiveness Rankings, as the United States slipped from the top spot and economic uncertainty took its toll on conditions in Europe
ABG acquires Sports Illustrated
The New-York based group acquired a media icon as part of its strategy to build a global platform converging sports, culture and entertainment
Neiman Marcus with significant loss
The Texas-headquartered department store group reported falling third quarter revenue. Net loss reached 31.2 million US dollars, a worse result than the 19.9 million US dollars net loss from the previous year
Dick's Sporting Goods consolidates sales
The Pittsburgh-based sporting goods retailer announced results for the first quarter ended on the 4th of May. Net sales for the first quarter of 2019 increased by roughly 1%
Bangladesh: leather industry below exports target
Notwithstanding the good performance of leather footwear exports, the leather industry as a whole registered a decline of 8.69% in revenue in the first 10 months of the year. The industry is below the target set for exports
Perlato, tradition meets innovation
Lovely handmade could easily be the motto of this Portuguese-based footwear company
Geox with lower sales
The Italy-based footwear brand reported first quarter results, marked by a 1.3% decline in sales at current exchange rates (-1.6% at constant rates)
Timberland to open 30 stores in Europe
The company is part of VF Corporation's portfolio and is planning a heavy investment in Europe next year. 25 to 30 new stores might be on the pipeline for the region, in a combination of franchise and own stores
VF with new Executive Vice President Global Supply Chain
The North-Carolina based group has announced the appointment of Cameron Bailey to the position of Executive Vice President, Global Supply Chain, effective from Juneonwards
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