Product & Marketing – Page 101
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News briefs
Italy on the edge of a recession
Italy’s gross domestic product (GDP) is now expected to rise by 0.8 percent in 2023 and by 1.0 percent in 2024, said Mariano Bella, director of the research office of Italian retailers’ association Confcommercio. That compares with Confcommercio’s previous estimates of 1.2 percent and 1.3 percent growth for the two ...
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News briefs
Inditex’s H1 sales up 13.5%
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho, said that in the first half ended July 31 net sales rose by 13.5 percent to €16.9 billion. At constant currency rates, the top line grew by 16.6 percent. Gross profit increased by 14.1 ...
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News briefs
Zegna’s H1 net profit rises nearly 148%
The Italian fashion house Ermenegildo Zegna posted a net profit of €52.1 million in the first half of 2023, up by 147.9 percent compared to the year earlier. Revenues for the period, which was already reported in July, increased by 23.9 percent to €903.1 million. The group’s adjusted Ebit was ...
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ArticleBirkenstock applies for NYSE listing
Birkenstock Holding, which is registered in Jersey and has its headquarters in London, filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). The company plans to list ordinary shares on the New York Stock Exchange under the ticker BIRK. No details were released regarding ...
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ArticlePrimark recovery to boost annual profit at parent, but stock theft rising
A strong recovery at the retail chain Primark has helped its parent company Associated British Foods (ABF) to lift annual guidance again, although it warned about a sharp increase in stock theft and abuse against staff in its stores around the world. ABF said it now expected adjusted operating profit ...
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News briefs
Rocky Brands’ CFO leaves after a six months in the job
On Sept. 12, Rocky Brands said that its senior vice president, chief financial officer and treasurer, Sarah O’Connor, has resigned from her position, effective immediately. O’Connor had joined the company in mid-March to replace Tom Robertson, who had been promoted to the newly created role of chief operating officer. The ...
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ArticleMicam hosts 1,204 brands including 504 foreign ones
Micam, which is scheduled to run from Sept. 17 to 20 at the Fieramilano Rho exhibition center at the outskirts of Milan, will host 1,024 brands, 520 of which are Italian and 504 foreign, representing over 30 countries. Spain will have the largest foreign delegation, comprising over 100 companies. Abicalçados, ...
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News briefs
Caleres appoints its first chief design & product officer
Caleres has promoted, with immediate effect, Natelle Baddeley to the newly created post of chief design & product officer. In her new role, Baddeley has creative oversight for the majority of the Caleres brand portfolio, including Naturalizer, Vionic, Dr. Scholl’s, Veronica Beard, Vince, Franco Sarto, Blowfish Malibu and LifeStride. She ...
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News briefs
The Aura blockchain appoints a new CEO
The Aura Blockchain Consortium has appointed Romain Carrere as chief executive officer and general secretary. He replaces the general secretary Daniela Ott. Ott was appointed general secretary in June 2021, a few weeks after the launch of the project. The consortium is a non-profit association based in Switzerland promoting socially ...
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News briefs
U.S. National Retail Federation takes over the Reverse Logistics Association
In the U.S., the National Retail Federation (NRF) has acquired the Reverse Logistics Association (RLA), a global trade association for the returns and reverse industry. The move is part of “NRF’s unrivaled commitment to support sustainable practices throughout the retail industry,” according to a statement. “NRF has a long ...
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News briefs
WHP buys majority stake in G-Star RAW
WHP Global, an American brand management firm, will acquire a majority interest in the denim brand G-Star RAW. No financial details were released. Under the terms of the agreement, the existing G-Star shareholders, including founder Jos van Tilburg, will retain a stake in the brand. The current management team of ...
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News briefs
Clarks pick Cat Burns as brand ambassador
Clarks has chosen the 23-year old British singer Cat Burns as its latest brand ambassador. She will promote the Torhill ankle boot that channels “the legendary cool of the Clarks Wallabee mixed with chunky, ‘90s-inspired Big Gripper soles to create new icons for the future”.
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News briefs
Fagus-GreCon Greten to spin off its mould business
As of Jan.1, 2024, Fagus-GreCon Greten will spin off its Fagus division into an independent company called Fagus GmbH. “The new company’s ambition is to fulfill the growing demands in the shoe industry which require a modern and customer-oriented approach in the areas of moulds, design, shoe lasts and DIP ...
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News briefs
Coats Footwear to exhibit at Lineapelle
The newly constituted Coats Footwear will be exhibiting at the Lineapelle trade show held at the FieraMilano Rho exhitition hall from Sept. 19 to 21. Coats, a British manufacturer of industrial yarns and structural components for apparel and footwear, created the new footwear division this year following the acquisition of ...
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News briefs
Abicalçados brings 76 Brazilian brands to Micam
Abicalçados said that 76 Brazilian brands benefitting from a trade support scheme will be attending the Micam trade show, scheduled to run from Sept. 17 to 20 at the Fieramilano Rho exhibition center at the outskirts of Milan. The tally is the highest since the Covid-19 pandemic. The brands are ...
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ArticleMain footwear producing countries suffer sharp falls in exports
The world’s four main footwear manufacturing countries have registered “very significant” falls in exports during the first half of 2023, according to data collected by Apiccaps, the Portuguese footwear association. Some key consumption markets are clogged up with inventories, stemming from overbuying to overcome disruption to the supply chain caused ...
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News briefs
Autry could be valued €400m
The fast-growing Italian sneakers brand Autry could fetch a valuation of €400 million as its sale goes underway, according to the Italian business daily Il Sole 24 Ore. The valuation would represent about 10 times the company’s expected Ebitda of about €40 million this year on sales of €120 million. ...
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News briefs
Bata picks Blue Yonder’s merchandising and replenishment planning software
Swiss-based Bata has chosen to digitally transform its merchandising and replenishment planning with Blue Yonder’s SaaS-based Allocation & Replenishment solution. With Blue Yonder, a U.S. supply chain solutions provider, Bata will be able to improve the distribution of products according to customer need, optimize its processes, streamline operations, and deliver ...
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News briefs
HanesBrands and G-III announce licensing agreement for Champion, C9 Champion outerwear
HanesBrands and G-III Apparel Group have entered into a strategic, multi-year licensing agreement for the design, production and distribution of outerwear for the Champion and C9 Champion brands in North America, which includes exploring opportunities in Champion’s global network as a key partner. More in Sporting Goods Intelligence Europe.
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News briefs
In-Sport Fashions signs distribution deal with Allbirds for Canada
Québec-based In-Sport Fashions, a Canadian distributor of specialized lifestyle, sports and outdoor products, entered an exclusive partnership with the sustainable footwear brand Allbirds. Effective Sept. 15, 2023, In-Sport Fashions assumes distribution of Allbirds products across all Canadian distribution channels: retail, allbirds.ca and wholesale partner openings.
