Tag: Footwear News

Adidas likely to trim down 25% of its Business in INDIA

Adidas likely to trim down 25% of its Business in INDIA

After Nike India, German sportswear-maker Adidas is planning to cut workforce and franchise partners in India. According to a report in the Times of India, Adidas could reduce its workforce by nearly 25 percent in coming months. It is also reportedly in talks with Reliance Brands to transfer its franchise business. However, an Adidas spokesperson …

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US: Footwear retailers hit as sales move online

US: Footwear retailers hit as sales move online

Footwear Retailers in the US are struggling to shift inventory and could be stuck with a backlog for years, warn investors. Foot Locker and Hibbett Sports reported falling profit for the second quarter. Shares in both fell as investors said competition from online retailers and Amazon’s expansion into clothing and footwear will impact traditional retailers. …

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Startups venturing into Customized Footwear Business.

Startups venturing into Customized Footwear Business.

With aspirations to set up the Zappos of India, 28-year-old techie-turned-entrepreneur Debadyuti Roychowdhury is ready with what most women yearn for – fancy footwear for every occasion. But it was quite a formidable task for Roychowdhury, given that he is a computer science engineer who learnt to design and manufacture women’s footwear just a year …

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Roberto Cavalli SOLD

Roberto Cavalli SOLD

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