Product & Marketing – Page 100
-
News briefs
Weak demand expected to prolong destocking in the U.S., EU
Weak demand in the U.S. and the European Union is expected to prolong destocking by brands and affect manufacturers of sportswear and footwear in 2024, according to the brokerage Jefferies. Despite resilient production by original equipment manufacturers (OEMs), Jefferies said that it has witnessed brands like Uniqlo “trimming orders and ...
-
News briefs
Mike Ashley cuts his stake in Hugo Boss
Mike Ashley, the majority owner of the British retailer Frasers Group, has cut his stake in Hugo Boss to 19.65 percent from a previous 24.39 percent, according to a regulatory filing from the German fashion house. The figure includes financial instruments owned by Frasers. Ashley now owns 1.63 percent in ...
-
News briefs
Gerry Weber creditors approve restructuring plan
Another hurdle was cleared for the troubled German fashion group Gerry Weber. The creditors of the insolvent company voted by a large majority in favor of a restructuring plan which includes a capital cut and the injection of new funds. Under the plan, Gerry Weber’s existing shareholders will be ...
-
ArticleChina becoming more challenging for foreign investors - AmCham Shanghai
Sentiment about doing business in China is at a record low as the country becomes more challenging for foreign investors, according to a survey released by The American Chamber of Commerce in Shanghai (AmCham Shanghai). “U.S.-China bilateral tensions, Covid disruptions and macroeconomic pressures, member companies report worsening business results and ...
-
ArticleBrazil’s footwear exports continue to decline
In August, Brazilian footwear exports were down by 12.8 percent year-over-year in volume to 9.34 million pairs and by 18.6 percent in value to $95.6 million, according to data released by the Brazilian footwear association Abicalçados. In the first eight months of 2023, shoe exports totaled 82.28 million pairs, down ...
-
News briefs
Zalando launches Stories
In close collaboration with Highsnobiety, Zalando has introduced Stories on its platform. Curated editorial content is seamlessly linked to the shopping experience in visual formats, such as short videos, and is intended to serve as a new source of inspiration for customers. Stories on Zalando can be experienced not only ...
-
News briefs
Heydude fined by U.S. consumer protection agency
Crocs-owned brand Heydude has agreed to pay $1.95 million to settle allegations by the U.S. Federal Trade Commission (FTC) that it misled consumers by suppressing negative reviews, including more than 80 percent of those that did not award four or more stars. The FTC accuses the company of violating its ...
-
ArticleBirkenstock’s 9-month sales up 21%
Birkenstock’s sales in the nine-month period ended June 30, 2023, rose by 21 percent to €1,117 million as the number of units sold grew by 5 percent and the average selling price increased by 15 percent. Direct-to-consumer penetration grew to 37 percent of revenues over the period from 34 percent ...
-
ArticleCoats Footwear joins forces with Lenzing
Coats Footwear has entered a collaboration with the Austrian-based Lenzing Group to create the footwear industry’s first synthetic-free engineered uppers and fabrics. The companies have combined Coats Footwear’s ProWeave technology with Lenzing’s Tencel Lyocell Filament to create a “dynamic re-imagined footwear uppers and fabrics, which combine sustainability and performance ...
-
News briefs
Footasylum adopts new retail concept in larger store
Footasylum, leading British retailer of branded fashion and footwear, has moved to a new and improved retail space at the Lakeside Shopping Centre in England, where it previously occupied a space of around 300 square meters. The new 900-sqm space features a refreshed store concept that seeks to create a ...
-
News briefs
Garmont posts 16% sales growth in H1
Italian outdoor footwear manufacturer Garmont saw its sales increase by 16 percent in the first half of 2023 as compared to the same period of 2022, with Ebitda up by 38 percent. The company attributed the growth in the first half to the outdoor segment and its new products for ...
-
ArticleItalian shoemakers suffer a sharp slowdown in Q2
Italian shoemakers increased their revenues by an estimated 1.2 percent year-over-year in the second quarter of 2023 compared with a 13.6 percent rise in the first quarter of the year, according to a survey carried out by Confindustria Moda’s research center among members of the Italian footwear association Assocalzaturifici “The ...
-
News briefs
Peugeot Invest buys a stake in Gruppo Florence
Peugeot Invest, the holding company of the Peugeot family, has invested €20 million in Gruppo Florence, an Italian holding company that owns 26 suppliers to the luxury goods industry, including three footwear manufacturers, according to the daily Corriere della Sera. Peugeot Invest, which has a 7 percent stake in the ...
-
News briefs
Designer Brands unveils first shoe produced by JEMS by Pensole
On Sept. 15, Designer Brands, the parent of the shoe retailer DSW Designer Shoe Warehouse (DSW), unveiled the FIRST JEM, the inaugural shoe from the JEMS by Pensole brand. It is the first shoe to roll off the assembly line at one of the first Black-owned footwear factories in the ...
-
ArticleZalando tops the ranking of European fashion e-tailers
In 2022, Zalando topped the ranking of online fashion retailers operating in the European Union, according to the second edition of “Top 250 Fashion & Beauty Retail Europe” released by Cross-Border Commerce Europe. Zalando controlled 9.8 percent of the EU online fashion market largely thanks to its strong presence in ...
-
News briefs
H&M’s Q3 sales disappoint
H&M’s net sales in the third quarter that ended Aug. 31 reached SEK 60.897 billion (€5.1bn), up by 6 percent from a year ago but were “flattish” in local currency terms. Excluding Russia, Belarus and Ukraine, sales rose 8 percent in Swedish krona. H&M wound up its operations in Russia ...
-
News briefs
Elisabet obtains Elisabetta Franchi license for girls’ shoes
Elisabet will be supplying shoes for girls aged between 0 and 14 under the Elisabetta Franchi brand starting with the spring/summer 2024 collection. The license covers Europe, the Middle East and Africa. The shoes will be available in third-party stores and through the retail network of the Elisabetta Franchi ...
-
News briefsBASF presents process to recycle PU to produce new soles
At Simac Tanning Tech 2023, the international trade fair for machinery and technology for the footwear and leather industry, which takes place from Sept. 19 to 21 in Milan, the German chemical group BASF will be presenting a new process that makes it possible to use granulated polyurethane (PU) waste ...
-
News briefs
Golden Goose’s H1 sales up 21% to €276.4m
Golden Goose’s first-half revenues totaled €276.4 million, up by 21 percent year-on-year and by 65 percent compared with the same period in 2021. The Italian sneaker brand said that growth was underpinned by its internationalization, the focus on direct-to-consumer (DTC) sales and the expansion of its product range. DTC sales ...
-
News briefs
Saucony launches its 'most sustainable' sneaker to date
Saucony has launched the Triumph RFG (Running For Good), described by the performance running lifestyle brand as “its most sustainable shoe to date.” The new shoe features plant-based, petroleum-free CovationBio PDO Susterra propanediol. The Triumph RFG is the first athletic shoe to utilize 55 percent of Susterra propanediol in a ...
