Product & Marketing – Page 111
-
ArticlePrimark’s Q3 sales up 13%
In the 12 weeks to May 27, corresponding to its third fiscal quarter, Primark’s sales rose by 13 percent at constant currency rates to £1,998 million (€2,327m), with like-for-like sales up by 7 percent, thanks to higher average selling prices. In the first nine months of the fiscal year, revenues ...
-
News briefs
German data indicate recession continued in Q2 - economist
The latest data regarding Germany’s economy, indicate that the European power house was in a recession during the second quarter of 2023, marking the third negative quarter in a row, according to Franziska Palmas, senior Europe economist at Capital Economics. According to Palmas, German GDP fell by 0.5 percent in ...
-
News briefs
Safilo, Jimmy Choo end eyewear agreement
Safilo, the Italian eyewear manufacturer, said that its license agreement to design, produce and distribute eyewear under the Jimmy Choo brand will expire on Dec. 31, 2023 and will not be renewed. Safilo and the footwear company, which is owned by the the luxury goods group Capri Holdings, will continue ...
-
News briefs
Skechers sues Steve Madden for alleged trademark violation
Skechers sued fashion company Steve Madden in a Los Angeles federal court on June 20, claiming that the “S” logo in Steve Madden’s Kennie line of sneakers violates its trademark rights. According to the lawsuit, No. 2:23-cv-04869 filed with U.S. District Court for the Central District of California, Skechers claims ...
-
ArticleShein is about to roll out its market place in Germany, Spain, France, Italy
Shein, the Singapore-based fast-fashion online retailer, announced that it is expanding its marketplace to Mexico, and that launches in Germany, Spain, France and Italy “will soon follow suit.” The marketplace was previously rolled out in Brazil and the U.S. Shein noted that the local marketplaces offer products from third parties ...
-
ArticleEcco’s 2022 sales rise by 30% to €1,586m but earnings remain below pre-Covid levels
In 2022, Ecco’s revenues rose by 30 percent to €1,586 million from €1,218 million a year earlier and exceeded a pre-Covid-19 turnover of €1,360 million posted in 2019. Comparable sales were up by 18 percent. In January 2022, the Danish footwear and leather group acquired a controlling interest in Ecco ...
-
News briefs
Hunter insolvent, new Wellies expected from ABG
Scottish company Hunter Boots, known for its original Wellington boot, went into administration in the UK on June 5 and changed its name to HBL Realisations Limited on June 14. U.S.-based Authentic Brands Group (ABG) announced on June 2 that it had acquired Hunter’s intellectual property. Documents filed by ...
-
News briefs
Vuori launches footwear in collaboration with Clae
California-based activewear brand Vuori, founded in 2015, is launching a sustainable sneaker line in collaboration with Clae, a footwear brand also from California. The collection’s first silhouette – the Vuori x Clae’s Malone Lite – is based on Clae’s Malone sneaker and features a variety of eco-friendly materials, including a ...
-
News briefs
Manolo Blahnik hires Elodie Bougenault as chief commercial officer
Manolo Blahnik has appointed Elodie Bougenault as chief commercial officer, effective June 26. She replaces Andrew Wright, who will ”focus permanently on delivering the significant long-term growth plans for the Americas.” In 2019, Wright became president of the Americas for the brand on top of his position as chief commercial ...
-
News briefs
Brazilian exports suffer from weaker dollar, economic slowdown, Chinese competition
In May, Brazilian footwear exports fell by 18.7 percent year-over-year in volume to 8.53 million pairs and by 5.6 percent in value to $98.2 million due to the weakness of the U.S. dollar against the Brazilian real, the slowdown of the global economy and increased competition from Chinese producers as ...
-
News briefs
Tecnica Footwear restructures DACH sales team
Following the establishment of the new Tecnica Footwear business unit under the leadership of Adriano Rossato in February, the Italian footwear manufacturer has restructured its sales team for Germany, Austria and Switzerland. Fabian Steinmetz took over the position of sales manager for Germany on May 1. After working for Blizzard ...
-
News briefs
Santoni expects 20% sales growth in 2023
Santoni, the Italian luxury footwear brand, expects to increase sales by 20 percent in 2023 from the €98.8 million posted the previous year. The brand aims to develop direct-to-consumer sales with the opening of monobrand stores in Europe and by increasing the share of online revenues to 12 percent of ...
-
ArticleAuthentic Brands Group emerges as ‘stalking horse’ for Rockport
Affiliates of Authentic Brands Group, ABG-Regatta LLC and ABG Intermediate Holdings, have emerged as the ‘stalking horse’ bidder for The Rockport Company, agreeing to pay $40.4 million for the bankrupt firm’s intellectual property, $5 million for its Korean subsidiary and additional, yet-to-be-determined amounts for inventory. The closing cash purchase price ...
-
News briefs
Toms Shoes founder pledges $100m for psychedelic research
Blake Mycoskie, the founder of Toms Shoes, has pledged to give $100 million to support psychedelic research and access, according to an interview with MarketWatch. ”The money will help fund academic institutions investigating psychedelics’ potential to treat anxiety, depression, post-traumatic stress disorder and other mental-health issues, as well as nonprofits ...
-
ArticleExpo Riva Schuh attracts 9,000 visitors
The Expo Riva Schuh & Gardabags trade show organized from June 17 to 20 in the Italian town of Riva del Garda attracted nearly 9,000 visitors, up by 12.5 percent compared with the edition held in June 2022, according to the organizers Riva del Garda Fierecongressi. About 80 percent of ...
-
News briefs
Primark has room to expand its store network - financial analyst
Primark, the fast fashion retailer owned by Associated British Foods, has room to expand its store network given the low-single-digit market share in European markets and the opening of a second warehouse in the U.S., according to Richard Chamberlain, a financial analyst at RBC Capital Markets. “Our store potential ...
-
News briefs
Frasers buys a stake in Boohoo
Regulatory filings showed that Frasers Group bought 63.5 million Boohoo shares, or 5 percent of the capital of the U.K. online fashion retailer. It also bought an 8.9 percent stake in Currys, a British retailer of domestic appliances and electronics. “We see potential synergies and an opportunity to strengthen ...
-
News briefs
KKR to purchase €40bn of buy now, pay later European loans from PayPal
Private credit funds and accounts managed by the American investment firm KKR will purchase up to €40 billion of buy now, pay later (BNPL) loan receivables originated by PayPal in France, Germany, Italy, Spain and the U.K.. KKR will acquire substantially all the European BNPL loan portfolio held on PayPal’s ...
-
ArticleVF names a new CEO
VF Corporation, the U.S. owner of leading brands such as Vans, Timberland and The North Face, said that its board has appointed Bracken Darrell as president and chief executive officer, effective July 17. Darrell joins VF from Logitech International, a Swiss computer peripherals and software maker, where he has served ...
-
News briefs
Hoka launches a global campaign
Hoka, a division of Deckers Brands, has launched Murmuration, a global brand campaign spanning owned media, out-of-home, CTV, digital and paid social, running on Meta, Snapchat and TikTok. The campaign builds on the brand’s Fly Human Fly creative platform launched last year and is the brand’s most extensive global integrated ...
