Companies
Tax cuts proposed for footwear and textile companies in Indonesia
The Investment Coordinating Board (BKPM) has proposed income tax cuts to support the labor-intensive footwear and textile industries
Kering with 15% revenue growth
France-based leader in apparel and accessories has announced 15.2% revenue growth in the first nine months of the year. Revenue generated by Luxury activities up by 16.5%. Sport & Lifestyle activities grew by 12.8%
Timberland consolidates expansion in Europe
US-based lifestyle brand Timberland consolidates its expansion in Germany, Austria and Switzerland with a total of five new franchise stores
DSW disappointed with quarter's performance
Third quarter sales decrease by 0.6% and reached 666 million US dollars. First nine months sales increased by 5.0% totaling 1.95 billion US dollars
Robert Greenberg receives Lifetime Achievement award
Leading trade publication Footwear News has honored Skechers Chairman and CEO with the Manolo Blahnik Lifetime Achievement award
Columbia Sportswear with record results
The US-based footwear company reported record net sales of 767.6 million US dollars for the quarter ended on the 30th of September, a 14% increase (18% constant-currency), from similar period in 2014
Panafrica reaches crowdfunding goal in its first day
Within eight hours following its launch, the France-based company saw its project reaching the goal of securing a minimum of 200 pre-orders and has now set up a new goal
Famous Footwear boosts Caleres performance
Same-store-sales of the brand increased by 4.4% in the third quarter. Net sales in the period totaled 728.6 million US dollars, compared to 729.3 million US dollars in the third quarter of 2014
Shoe Carnival consolidates net sales
The US-based footwear retailer registered third quarter net sales increasing by 5.9%. Growth in the first nine months totaled 5.3%
Flexi aiming to conquer South America
The incorporation of new technologies and the strengthening of the retail network are the aims of Flexi, a Léon-based (Mexico) company
Truworths to acquire Office
The South Africa-based fashion retailer is acquiring the UK footwear company for 256 million pounds
Foot Locker with 3.2% increase in sales
The New York-based specialty athletic retailer reported financial results for its third quarter ended on the 31st of October. Sales and net income continue to grow
Lavoro presents two million euros expansion plan
The Guimarães-based company, specializing in the manufacture of professional footwear, is preparing an expansion plan for the international markets. Its presence at the recent edition of the A+A trade fair was a success with the presentation of the new updates coming from Spodos
UGG focus on counterfeit protection
In preparation for the holiday season the brand launched social media accounts dedicated to counterfeit awareness and education
Hermès buys Tanneries du Puy
Hermès Cuir Précieux announced the acquisition of one of its historical leather partners and suppliers-
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