Chinese sports-shoe manufacturer and retail conglomerate Yue Yuen Industrial is predicting a loss of up to US$70 million in the March quarter as a result of the Covid-19 crisis – a big turnaround from a $75 million profit in the same quarter a year earlier.…
US footwear brand Skechers has reported a modest 2.7-per-cent drop in first-quarter sales brought on by the coronavirus outbreak – and painted a rosy picture of life beyond the coronavirus crisis. “We are in unprecedented times, facing difficult decisions…
Indian women’s fashion chain W is expanding its business into footwear. The firm is preparing to retail shoes in more than 80 W stores across the country, as well as online, offering a collection of various styles of heels and flats. The collection presents…
The first modular Crocs concept store in the Philippines has opened in Estancia Mall, Metro Manila. Despite the “enhanced community quarantine” being implemented across Luzon, it didn’t stop the casual footwear brand from opening its 63rd store in the…
Lifestyle fashion brand Vans has released a collection of shoes and apparel celebrating autism awareness. The range is designed for consumers with Autism Spectrum Disorder and comes in calming colors with features that focus on the senses. The collection…
Hong Kong luxury fashion house Shanghai Tang has released a collection of footwear with newly appointed chief shoe designer Bing Xu. The new collection includes a relaxed and laid back take on Bing Xu’s famous Belgian loafer and two slip-on shoes. In a nod to…
Ownership of ethical American shoe retailer Toms will be transferred to its creditors. CEO Jim Alling addressed a letter to employees informing them of the transfer from current owners Bain Capital and founder Blake Mycoskie to Jefferies Financial Group,…
Private-equity group Carlyle is reportedly considering a more-than-£1 billion bid for British footwear brand Dr Martens. According to Bloomberg, citing internal sources, current owner Permira, a European investment company, has engaged Goldman Sachs and…
Stockholm-based retailer Sneakersnstuff is about to open a flagship store in Tokyo, its first Asia location. The retailer, known for its sneakers, said the Tokyo store will open on December 14 on Log Road in Daikanyama, which is home to high-end boutiques and…
Ecco India has opened its first store in the country, located at Gurgaon Ambience shopping mall in New Delhi. Steen Borgholm, CEO of the Danish shoe and leather goods brand, says the company sees potential in the Indian retail market, despite the challenges.…
Footwear retailer Bata India has opened a 6000sqft experiential outlet in Infiniti Mall, Malad. The store hosts a large Sneaker Studio, extensive fashion footwear, and handbags collection, workwear ranges for men and women among others. A highlighted feature…
Italian shoe brand Geox has opened an X Store concept in Singapore with a new outlet in Paragon, Singapore. The concept fuses various design elements under one roof designed to convey Italian quality, contemporary design, sustainability and digital…
Hong Kong Customs seized about 12 000 pairs of suspected counterfeit sports shoes on Monday, with an estimated market value of about $1 million. The fake goods were discovered in a shipping container at the Customs Cargo Examination Compound of the River…
Sports shoe & apparel brand Vans is launching its interactive “Vans shoe customisation competition”, designed to inspire artists around the world. The Global Custom Culture competition aims to provide the means for self-expression through digital and canvas…
Hong Kong-headquartered fashion brand Esprit has signed a deal with German shoe retailer Deichmann to jointly develop a footwear range. The range will be positioned as offering value for money with designs evolving to reflect fast-changing market trends. It…
Despite being started by New Zealand entrepreneur and former footballer Tim Brown, wool-based footwear brand Allbirds has only been available online its home country – until now. The launch comes after the business successfully raised $76.7 million at the end…