Product & Marketing – Page 11
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News briefs
Klarna rises in stock market debut
Swedish fintech Klarna made its stock market debut on the New York Stock Exchange on Sept. 10, raising $1.37 billion (€1.26bn) in its initial public offering (IPO). Shares were priced at $40 in the IPO, advancing 14.6 percent to close at $45.82 after the first day. The deal gives ...
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ArticleGiorgio Armani leaves instructions for the sale of his group
The Italian fashion house Giorgio Armani SpA should sell a 15 percent stake to the French luxury goods group LVMH, the Franco-Italian eyewear group EssilorLuxottica, the French beauty and cosmetics group L’Oréal or another luxury group in the next 12 to 18 months, the designer Giorgio Armani has stipulated in ...
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News briefs
Hamburg fashion label Closed files for insolvency
The German fashion label Closed has filed for insolvency with the Hamburg District Court, joining a growing list of local high-profile bankruptcies in recent years. The company cited excessive debt as the reason for the filing. Despite the move, Closed said business operations – including wholesale, e-commerce and brick-and-mortar ...
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News briefs
Sabu names new head of category management
The German shoe retail cooperative Sabu has appointed Annette Wächtler as its new Head of Category Management, effective Oct. 1. Wächtler, 49, brings more than 30 years of experience in the footwear industry. She spent 11 years at Ecco, most recently serving as product director for Europe, and has also ...
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ArticlePrimark warns weak consumer confidence hit UK, European sales in H2
Primark’s underlying sales are expected to decline in the second half of the year as weaker demand in Europe and economic uncertainty around potential tax rises in the UK hit consumer confidence, said Associated British Foods (ABF), the parent company of the fast-fashion retailer. Total like-for-like sales at Primark for ...
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ArticleBrazilian exports hit by US tariffs
In August, Brazilian footwear exports fell by 0.5 percent year-over-year in volume to 7.64 million pairs and by 9.1 percent in value to $77 million after the US introduced a 50 percent import tariff on Brazilian goods on Aug. 7. The US is Brazil’s main export market. Over the first ...
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ArticleMicam attracts over 20,000 visitors
The trade shows Micam Milano, which specializes in fashion footwear, and Mipel, which focuses on leather goods and fashion accessories, attracted 20,362 visitors, 57 percent from abroad and 43 percent from Italy. Visitors came from 126 countries, with the strongest participation from Spain, Germany, France, Poland, China, Japan, Nigeria and ...
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ArticleDesigner Brands ‘cautiously optimistic’ after Q2 earnings beat
Designer Brands said it was “cautiously optimistic” about its outlook for the full fiscal year after posting better-than-expected earnings in the second quarter and as positive sales momentum seen during the period continued at the start of the third quarter. The company, which owns the DSW chain, The Shoe Company ...
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News briefs
Asak&Co to distribute Vionic in Italy
Asak&Co, an Italian company founded in 1992 by the sisters Barbara and Sonia Dalla Rosa, has been selected to distribute Vionic, a Caleres-owned brand, in Italy. The company already conducted a test with Vionic’s spring/summer 2025 collection and the collaboration will start in full with the spring/summer 2026 season. ...
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News briefs
Tod’s’ CEO for North America leaves
After 14 years in the job, Tod’s’ CEO for North America, Roberto Lorenzini, is stepping down. The Italian fashion group is expected to announce his replacement soon. Lorenzini will remain as an advisor for the company to ensure a smooth transition in the region. “Roberto has decided that this ...
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ArticleGerman footwear industry revenues up 1.3% in H1
The German footwear manufacturers posted revenues of €1.16 billion in the first half, a 1.3 percent increase from €1.15 billion a year earlier. Domestic sales grew by 5.1 percent year-on-year to €924 million, while foreign sales declined by 11 percent to €242 million, according to the German footwear and leather ...
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ArticleInditex enjoys a strong start to the autumn/winter season
In the first half ended July 31, Inditex posted sales of €18.4 billion, up by a reported 1.6 percent year-on-year and 5.1 percent higher at constant currencies. The Spanish fashion retailer, which owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho, added that its autumn/winter collections were well-received, ...
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News briefs
Ecco Americas has a new Chief Commercial Officer
Ecco has hired Matt Feiner as Chief Commercial Officer of Ecco Americas. Feiner is in charge of wholesale, retail and e-commerce activities across North America. He will also have a “strong influence” on product creation and market strategies, the Danish group said. “I’m excited to share that I’ve accepted a ...
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ArticleItalian footwear manufacturers revenues drop by 5.6% in first half of 2025
In the first half of 2025, revenues of Italian footwear manufacturers fell by 5.6 percent year-over-year, according to a survey carried out in July by Confindustria Accessori Moda among members of the Italian footwear association Assocalzaturifici. The report, however, showed signs of improvement as the decline in the second quarter ...
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ArticleFoot Locker reshuffles its top management
Foot Locker is undergoing a management reshuffle after being taken over by Dick’s Sporting Goods, Inc. (DKS). DKS announced the completion of the acquisition on Sept. 8. Under the new structure, DKS’ Executive Chairman Ed Stack will lead the global Foot Locker businesses to accelerate business momentum and implement targeted ...
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News briefs
Dick’s Sporting Goods completes the acquisition of Foot Locker
Dick’s Sporting Goods announced that it has completed the $2.4 billion acquisition of Foot Locker to become a global leader in the sports retail industry. As a combined company, Dick’s will now operate more than 3,200 stores plus e-commerce and digital businesses across 20 countries in North America, Europe, Asia, ...
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ArticleCaleres’ earnings, sales fall in Q2 on declining sales and margins
Caleres saw its earnings fall sharply in the second quarter of its fiscal year as sales continued to decline and margins were squeezed due to US import tariffs, added inventory reserves and higher clearance promotions at its Famous Footwear chain. Given the continued uncertainty tied to tariffs, Caleres said it ...
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ArticleShoe Carnival lifts earnings guidance as rebranding strategy gains momentum
Shoe Carnival raised its earnings guidance for the full year after posting higher-than-expected profits in the second quarter ended Aug. 2 as a strategy of rebranding stores to its premium Shoe Station label gained momentum. The footwear retailer now expects to report earnings per share of $1.70 to $2.10 for ...
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News briefs
OrthoLite introduces breathable SloMo memory foam
OrthoLite, the US-based leader in comfort and performance foam technologies for footwear, launched SloMo, a new breathable, slow-recovery memory foam formulation. The new material expands the company’s memory foam portfolio, aiming to provide enhanced fit, adaptive pressure relief and improved airflow. SloMo builds on previous OrthoLite products such as ...
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ArticleZegna’s H1 earnings lifted by exceptional items
Ermenegildo Zegna posted a net profit of €47.9 million in the first half of 2025 compared to €31.3 million a year earlier, driven up by the fair value remeasurement of liabilities for put options and a positive impact from foreign currency exchanges with the depreciation of the US dollar compared ...
