Three people were killed when the ceiling of a warehouse fell in at a shoe factory in Cambodia, a government minister said on Thursday, adding to concern about safety standards at Asian factories producing clothes cheaply for Western consumers.
Jones Group on Wednesday lowered its 2013 revenue forecast and reported weak first-quarter sales in Europe because of a tough economy there, and in North America because of a cold winter that prompted shoppers to delay buying spring merchandising.
These past five months the American group has picked up Umbro, the Canadian brand Buffalo and Lee Cooper jeans. For its first quarter 2013 ended March 31, it recorded 19% growth in sales, mainly due to the injection from its new brands.
The Italian footwear brand owend by BasicNet has chosen to renew its licensing agreement with Steve Madden on a ten-year renewable basis. The agreement also extends to cover sourcing and is expected to generate revenue of 250 million dollars this year.
The U.S. footwear group doubled its revenue in the first quarter of 2013 ended March 23. The boost came mainly from newly acquired PLG brands, but these still managed to weigh on the company’s operating margin.
The Italian brand kicks off its retail activity in China with licensee Electric Sekki, which has just opened a flagship store in the Hong Kong’s 700-square-meter shopping center, complete with a super-sized Superga installation.