Fashion
Caleres sales lift on Stuart Weitzman acquisition
Published
December 11, 2025
Caleres on Tuesday reported a 6.6% uptick in sales to $790.1 million for the third quarter, on the back double-digit growth in the American footwear firm’s brand portfolio.
The St. Louis-based company said brand portfolio segment sales surged 18.8%, thanks to the recently acquired Stuart Weitzman brand.
Without the acquisition, which was announced in February, sales increased just 4.6% on last year.
Elsewhere, Famous Footwear sales decreased 2.2%, with comparable sales down 1.2% for the three months ending November 1.
During the quarter, net earnings fell to $2.4 million, or earnings per diluted share of $0.07, compared to net earnings of $41.4 million or earnings per diluted share of $1.19 in the prior-year period.
“Caleres delivered third quarter sales results that were ahead of our internal expectations, highlighted by organic sales growth in our brand portfolio segment, strong lead brands performance, sequential improvement in trends at Famous Footwear, and accelerated e-commerce momentum in both segments of our business,” said Jay Schmidt, president and chief executive officer at Caleres.
“With the recent addition of Stuart Weitzman, our brand portfolio now drives nearly half our sales and more than half our operating earnings. As we expected, we experienced pressure on our earnings from tariffs and near-term acquisition dilution, however, the fundamentals of our business are improving.”
Caleres acquired footwear brand Stuart Weitzman from luxury heavyweight Tapestry in February for just $105 million. The cash deal was completed this summer.
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Fashion
Germany posts slight trade growth as exports edge higher in October
Adjusted exports totalled €131.3 billion and imports €114.5 billion, resulting in a trade surplus of €16.9 billion (~$19.6 billion), up from €15.3 billion in September and higher than the €14.6 billion surplus recorded in October 2024.
Trade activity with EU markets strengthened. Exports to EU member states rose 2.7 per cent month on month to €76.3 billion, while imports increased 2.8 per cent to €61.1 billion. Shipments to eurozone countries grew 2.5 per cent, and imports from the bloc increased 3.9 per cent, Destatis said in a press release.
Germany’s trade performance improved slightly in October 2025, with exports up 0.1 per cent MoM and imports down 1.2 per cent.
The adjusted trade surplus rose to €16.9 billion (~$19.6 billion).
EU trade strengthened, but non-EU activity weakened, with notable declines in exports to the United States, China, and the United Kingdom.
China remained the top import source.
Trade with non-EU partners weakened. Exports to third countries fell 3.3 per cent to €55.1 billion, while imports dropped 5.4 per cent to €53.4 billion.
The United States remained Germany’s largest export destination, though exports declined 7.8 per cent month on month to €11.3 billion and were down 8.3 per cent year on year. Exports to China decreased 5.8 per cent to €6.3 billion, while exports to the United Kingdom fell 6.5 per cent to €6.5 billion.
China was also the largest source of imports, though inbound trade fell 5.2 per cent to €13.8 billion. Imports from the United States declined 16.6 per cent to €7.2 billion, while those from the United Kingdom dropped 14.5 per cent to €3.1 billion.
Trade with Russia remained limited. Exports rose 4.8 per cent month on month to €0.6 billion but were slightly lower year on year. Imports from Russia fell 10.6 per cent on the month and were down 34.7 per cent compared with October 2024.
On an unadjusted basis, Germany exported €139.1 billion worth of goods and imported €121.8 billion. The resulting nominal surplus reached €17.3 billion, up from €15.1 billion a year earlier.
Fibre2Fashion News Desk (SG)
Fashion
Save Your Wardrobe, Fairly Made link-up to help brands meet next-gen eco requirements
Published
December 11, 2025
London-based Save Your Wardrobe (SYW) and France’s Fairly Made are joining forces to deliver what they say will be “Europe’s most advanced end-to-end circularity infrastructure”.
SYW operates an AI-powered wardrobe management app while Fairly Made has developed a solution for measuring the environmental impact of products. Now they’ve announced a “strategic partnership designed to help brands meet Europe’s next generation of sustainability expectations”.
They said that “as new regulations reshape how products are designed, managed, and cared for- from eco-design and digital product passports to France’s Bonus Réparation and evolving EPR requirements, brands need a connected view of impact across the full lifecycle. This partnership brings together two complementary strengths that enable exactly that”.
As part of the link-up, SYW “plans to deliver the infrastructure powering aftersales excellence, including diagnostics, repairability scoring, automation, and nationwide repair operations”. Meanwhile, Fairly Made will support this with “upstream capabilities across supply-chain traceability, multi-criteria impact measurement, and digital product passport readiness”.
The plan is that they will offer enterprise brands a “360° circularity solution that supports eco-design, compliance, and measurable lifecycle extension”.
They said their goal is to help brands “move toward a future where circularity is not an ambition, but a connected, measurable, and scalable reality”.
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Fashion
Bangladesh RMG workers part of trade unions get 10% higher wages: BIDS
At the sectoral level, RMG industry workers earn 19-22 per cent higher wage, reflecting stronger compliance regimes, formalised structures and higher skill intensity, the study by the Bangladesh Institute of Development Studies (BIDS) showed.
The findings of the study, conducted on 3,005 workers across 20 industries in three districts surrounding Dhaka, were recently shared at the Annual BIDS Conference on Development in Dhaka.
Readymade garment workers in Bangladesh who are part of trade unions earn 10 per cent higher gross wages than non-unionised RMG and non-RMG workers, a study by the Bangladesh Institute of Development Studies (BIDS) has revealed.
Meanwhile, climate change is affecting production in garment factories in Bangladesh as rising temperatures reduce worker productivity, another BIDS study found.
BIDS research director Mahmudul Hasan said empirical results show an overall unionisation rate of 11.35 per cent, according to domestic media reports.
While part of this differential is attributed to greater experience and tenure among union members, the wage premium remains positive and statistically significant even after controlling for these factors, he was cited as saying by domestic media reports.
Meanwhile, climate change is affecting production in garment factories in Bangladesh as rising temperatures reduce worker productivity, another BIDS study found.
BIDS research associate Kazi Zubair Hossain said annual productivity growth in the garment sector reached 4.19 per cent between 2014 and 2023 due to technological improvements.
The study noted that climate refugees are increasingly taking up jobs in the garment sector. As their numbers rise, more may enter the workforce, which “may have negative impacts on wages”.
The study said climate pressures could heighten gender-based violence and harassment as productivity falls and socio-economic vulnerability increases.
Pressures to cut emissions may support environmental improvements in factories, although the shift to green energy in Bangladesh remains slow, it added.
Fibre2Fashion News Desk (DS)
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