Product & Marketing – Page 113
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News briefs
Moscow footwear output up 58% in Q1
The production of footwear in Moscow surged by 58 percent year-on-year in the first quarter of 2023 to 435,000 pairs, according the mayor of the Russian capital, Sergei Sobyanin. Meanwhile, the production of clothing increased by 94.6 percent, he added. Russian companies have been benefitting from the exit of Western ...
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News briefs
Covid-19 disruption cost U.S. apparel, footwear industry $9-17bn in 2022
Supply disruptions caused by the Covid-19 pandemic cost the U.S. apparel and footwear sectors, which are heavily dependent on foreign supply chains, between $9 billion and $17 billion in 2022, according to the ”Recent Trends in U.S. Services Trade: 2023 Annual Report” released by the U.S. International Trade Commission.
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News briefs
Rene Caovilla sees 2023 sales up at least 15%
The Italian luxury footwear maker Rene Caovilla expects sales to rise by at least 15 percent this year after growing about 50 percent in 2022. In an interview with the daily Corriere della Sera, the chairman and creative director, René Fernando Caovilla, who took over the company created by his ...
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News briefs
Record Brazilian presence at Expo Riva Schuh
With 69 brands, Brazil will have a record presence at the Expo Riva Schuh & Gardabags trade show scheduled from June 17 to 20 in the Italian town of Riva del Garda. The brands are supported by Brazilian Footwear, a program to promote footwear exports managed by the Brazilian footwear ...
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News briefs
Yue Yuen’s industrial utilization rate is improving
Yue Yuen’s facility utilization rate is estimated to have improved based on the company’s monthly sales figures, according to the analysts of the U.S. bank Citi. In May, the company’s operating revenues fell by 7.5 percent year-over-year to $701.0 million after declining by 8.2 percent to $684.6 million in April. ...
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News briefs
Santoni appoints Eraldo Poletto as CEO
Santoni has appointed Eraldo Poletto as chief executive, the first non-member of the Santoni family to hold the position. With the appointment, Giuseppe Santoni transitions to chairman and executive president of the family-owned Italian brand of high-end shoes. Poletto, who is already a member of Santoni’s board, is a veteran ...
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News briefs
Piquadro FY net profit up 46%
Piquadro said that in the full year ended March 31 its net profit rose by more than 46 percent to €6.5 million euros as sales grew by 17.5 percent to €175.6 million euros. EBITDA totaled €27.7 million euros, up from €25.3 million a year earlier, while adjusted EBITDA increased by ...
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News briefs
Bally names Simone Bellotti as design director
Bally has appointed Simone Bellotti as design director, replacing Rhuigi Villasenor who left the company in May after a tenure of just over a year. He will debut his first collection during the Milan Fashion Week in September. Bellotti spent 16 years at Gucci before joining Bally in October 2022. ...
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ArticleFree Webinar: Overcoming wholesale challenges with B2B e-commerce technology
Join Elastic Suite and Active Brands for our next EDM Expert Talk, to discuss how technology can help leading enterprises and industry disruptors overcome challenges in today’s wholesale environment. Technology enables B2B commerce to go from transactional to transformational, bringing shared success to brands, distributors, retailers and the end consumer.
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ArticleM&S adds Skechers, Crocs and Toms to its online platform
The British retailer Marks & Spencer (M&S) is adding the footwear brands Skechers, Crocs and Toms to its Brands at M&S online platform as part of an effort to boost sales during the summer period. Richard Price, managing director of Clothing & Home at M&S noted that the retailer’s ”footwear ...
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ArticleThe U.S. wholesale channel is Skechers’ most challenged marketplace
Currently, the U.S. wholesale market is probably the “single most challenged marketplace” for Skechers, while India is one of its most “exciting” markets. The company continues to see “robust” consumer demand in Europe, while China continues to offer “ample opportunity” to grow, explained John Vandemore, Skechers’ chief financial officer, during ...
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News briefs
VF launches its largest distribution center
VF Corporation launched operations at its new distribution center in Ontario, California, employing approximately 550 people during peak periods. The new 1.2 million square foot facility is the largest and most efficient within the group’s global network of 46 distribution centers, according to VF. The facility has the capacity to ...
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News briefs
Permira reportedly mulls selling Golden Goose
The private equity Permira is exploring the sale of Golden Goose for over €2.5 billion, according to the news agency Bloomberg. In 2020, the private equity bought the Italian sneaker brand from Carlyle for €1.28 billion.
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News briefs
Holding Moda plans to buy 2 Italian manufacturers of shoe uppers
Holding Moda, the investment vehicle created in 2018 by Hind-Holding Industriale, plans to buy two Italian producers of shoe uppers, said Claudio Rovere, the founder and chairman of Hind in an interview with the daily MF. Earlier this year, Holding Moda bought a majority stake in Beste, an Italian manufacturer ...
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News briefs
New insole material from coffee grounds
Performance foam manufacturer Dahsheng Chemical has launched Dreamcell Xpresso, a foam technology made with spent coffee grounds. The company described the eco-friendly insole material that results from the Dreamcell Xpresso polyurethane open-cell foam as “a superior footwear product.” More in Outdoor Industry Compass.
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News briefs
Scarpa's FY sales reach €169m
Scarpa posted consolidated sales of €169 million for 2022, which marks a 26 percent increase from 2021. The Ebitda of €21.5 million compares to an Ebitda of €18.8 million in 2021. In 2022, the Italian outdoor footwear specialist further strengthened its commitment to sustainability through the launch of LIFE Re-Shoes, ...
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ArticleC-Suite interview: On-demand production is key to Alohas’ success
Alohas’ revenues surged from €100,000 in 2015 to over €27 million in 2022, an extraordinary growth rate that has transformed in a few years a Catalan startup producing summer shoes into an international brand. The company made the quantum leap during the Covid-19 pandemic, when most of the footwear industry ...
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News briefs
New Balance invests $65m to expand factory in Maine
New Balance has announced a $65 million investment to expand its current athletic footwear manufacturing facility in Skowhegan, Maine. The expansion consists of an 11,150 square meter single-story addition to the existing five-story factory building, set for completion by the end of 2024, with around 1,900 square meters of the ...
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News briefs
Shoe Zone sees FY adj pretax profit of at least £10.5m
Shoe Zone expects adjusted profit before tax for the financial year ending Oct. 2 to be not less than £10.5 million (€12.2 m). In the fiscal year that ended Oct. 1, 2022, reported pre-tax profits rose to £13.6 million from £9.5 million a year earlier, while adjusted pretax profit stood ...
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ArticleDesigner Brands to resume selling Nike in Q4
Designer Brands unexpectedly announced that it will resume selling Nike shoes from the fourth quarter of this year, as the U.S. sportwear brand reverses its policy of dropping wholesale clients to focus on direct-to-consumer channels. Earlier, on June 1, Macy’s announced that it would be selling Nike apparel from October, ...
