The UK has blocked tougher EU trade rules to help the steel industry partly because it could have raised the price of shoes for British shoppers. Sajid Javid, the country’s business secretary, argued the UK opposed scrapping the so-called lesser duty rule
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Zalora, the fashion-focused e-commerce site backed by Rocket Internet, is selling its businesses in Thailand and Vietnam to retailer Central Group. The deal is said to be agreed on in principle and currently subject to paperwork and red tape. Central Grou
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Angelo Ruggeri has exited his role as Design Director for Italian luxury footwear brand, Sergio Rossi. His departure comes not long after the footwear label was acquired from Kering by European investment house Investindustrial in December with Andrea Mor
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A German court has rejected adidas’s petition to stop PUMA from producing its line of NRGY sneakers that rival the Three Stripes’ BOOST shoes. The former filed an injunction for PUMA to stop selling the footwear. PUMA launched its NRGY line back in 2014,
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Under Armour has announced that following the bankruptcy court’s approval of the liquidation of Sport Authority’s business, it now expects to recognize an impairment charge of $23 million during the second quarter of 2016. When it initially filed for prot
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China’s most valuable internet company, Alibaba, has announced plans to open an office in Australia. Alibaba announced at an event in Hangzhou that it would open an Australian office “later this year”. James Hudson, the chief executive o
2018-12-12-01 10:29 admin 25
Puma fans on Snapchat got a welcome surprise. The brand announced on its account three new colorways of Rihanna’s Fenty Creepers. The Creepers were originally released in fall 2015 in several waves and sold out within hours each time. Since then, Rihanna
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Nike has announced that Converse president and CEO Jim Calhoun would leave the company. He will be replaced by Davide Grasso, Nike’s current chief marketing officer. In addition, Michael Spillane, vice president and GM of footwear, has been named presiden
2018-12-12-01 10:29 admin 20
Montreal-based footwear retailer Aldo has teamed up with Pinterest to launch a new bridal contest. Participants — who must be a bride, groom or in a wedding party this year — can enter for a chance to receive Aldo shoes and accessories for their entire pa
2018-12-12-01 10:29 admin 36
Steve Madden reported first quarter revenue and profit in line with guidance. The company reported net income of $20 million, or 33 cents per diluted share, for the period ending March 31. It was less than a percent gain compared to the same year-ago peri
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Joan Helpern, one half of the famed shoe duo behind the Joan & David label, died at Carlyle hotel in New York. She was 89. David Helpern, Joan’s husband and business partner, died in 2012. Together, the couple founded a footwear company in 1967 in Cam
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Italian label Gucci just launched a series of new men’s and women’s pre-fall footwear styles on its e-commerce website, and it features a heap of quirky shoes. Among the standouts include new takes on Gucci’s classic horsebit loafer, as well as new interp
2018-12-12-01 10:28 admin 16
Asics America Group reported first-quarter 2016 earnings. The group includes the brand’s United States, Canada, Mexico and Brazil businesses. The company said its total net sales decreased 5.5 percent with sales in Asics America slipping 7.7 percent. “Our
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The Organization for Economic Cooperation and Development released a report that said international trade of “fakes” represented 2.5 percent of overall world trade, or $461 billion, in 2013. The report, “Trade in Counterfeit and Pirated Goods: Mapping the
2018-12-12-01 10:28 admin 32
Luxury men’s brand LV XII has tapped Jason Derulo as a brand ambassador and investor. The singer is teaming up with his manager Frank Harris and designer Antonio Brown on the collection, which will make its official debut during New York Fashion Week: Men
2018-12-12-01 10:28 admin 43
Popular skate brand Vans has announced that it has renewed its title sponsorship of the US Open of Surfing through 2018. Vans first signed on as the title sponsor in 2014. The next US Open of Surfing, presented by the World Surf League and IMG, is set for
2018-12-12-01 10:28 admin 25
Nike-owned Converse has unveiled the Pride Collection, a trio of colorful Chuck Taylor All Stars. The line is inspired by LGBTA communities. The high-tops will sell for $65 to $75, while the lower version will cost $60. Converse said that it hoped the col
2018-12-12-01 10:28 admin 29
Zara has cut its merchandise prices by 10-12 per cent to make it more affordable for Indian buyers, according to reliable sources. The cuts were initiated late last year to coincide with the entry of its arch rival H&M into India, sources added. Zara
2018-12-12-01 10:28 admin 38
Italian eyewear company Safilo Group and footwear designer Jimmy Choo have renewed their agreement for the design, manufacturing and distribution of the Jimmy Choo Eyewear collection. The agreement also includes the launch of a companion Jimmy Choo men’s
2018-12-12-01 10:28 admin 36
Jabong.com has announced the appointment of Rahul Taneja as its chief business officer. Taneja will report directly to Sanjeev Mohanty, chief executive officer (CEO) and managing director. Taneja will take care of category management, pricing, creative ca
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