Product & Marketing – Page 122
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News briefs
Asos appoints two non-executive directors
Asos has appointed Natasja Laheij and Jose Manuel Martinéz Gutiérrez as independent non-executive directors to its board as of April 11, 2023. Laheij has more than 25 years of experience in international commercial & financial management, e-commerce, tech, consumer electronics, telco and retail in B2C and B2B environments through her ...
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News briefs
Clarks's U.K., European head steps down
Clarks’s managing director for the U.K., Ireland, the rest of Europe, the Middle East and Africa, Joe Ulloa, has stepped down. Ulloa joined the British footwear group in 2017 as retail and franchise director for the U.K. and Europe. He was promoted managing director of the U.K. and Ireland in ...
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News briefs
Shoe City sells 39 stores after failed acquisition by Arklyz
After 70 years in business, Shoe City filed for Chapter 11 reorganization on March 31, and the bankruptcy court authorized going-out-of-business (GOB) sales. The news comes after the failed acquisition of the Baltimore-based retail chain by the Swiss retail group Arklyz. In the summer of 2022, Arklyz, the owner of ...
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News briefs
Crocs expands partnership with designer Salehe Bembury
Crocs and industrial designer Salehe Bembury announced a two-year partnership in which the visionary designer will serve the brand as creative director of the Crocs x Pollex Pod collection. He will work with the team to further develop his signature Crocs Pollex design and incorporate new silhouettes and colorways into ...
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ArticleGörtz’s new owners disclosed
The Munich-based entrepreneurial couple Leonie and Burkhard von Wangenheim are Görtz’s new owners, according to the troubled Hamburg shoe retailer. The Wangenheims acquired a 100 percent stake in the insolvent retailer through the Fürderhin limited liability company as part of the protective shield procedure. Leonie von Wangenheim serves as Fürderhin’s ...
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News briefsAmazon destroyed over 6m counterfeit items in 2022
Amazon claims that it destroyed over 6 million counterfeit goods in 2022 compared with some 3 million in 2021 and about 2 million in 2020. “Our efforts to identify and dismantle counterfeit organizations are working and making a positive impact. In 2022, Amazon’s Counterfeit Crimes Unit sued or referred for ...
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News briefs
Adidas x Gucci returns with new sneakers for spring/summer
The Adidas x Gucci collection, which first launched in 2022, is back in spring/summer 2023 with a series of new sneakers that celebrate the legacies of both labels. Alongside the return of the Adidas x Gucci Gazelle, this season marks the arrival of a new take on the ZX8000, one ...
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News briefs
FitFlop obtains new $30m long-term revolving credit facility
London-based Aurelius Finance Company announced that it has provided FitFlop, a footwear company also based in London, with a new $30 million five-year revolving credit facility to support the company’s long-term growth objectives. Aurelius Finance Company, a member of the Aurelius Group, is an independent secured lender providing asset-based financing ...
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ArticleDeichmann to invest €500 mln in 2023
Deichmann plans to invest around €500 million this year, half of which is earmarked for Germany. Investments will focus on the modernization and expansion of the store network, as well as in international growth, digitalization and logistics. The German footwear retailer plans to open 200 new stores worldwide. At the ...
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News briefs
Clergerie placed into receivership
On March 29, a Paris-based commercial tribunal placed Maison Clergerie into receivership after failing to reach an arrangement between shareholders and creditors. The French maker of luxury footwear, which is based in Romans-sur-Isère, in the Drôme department, has been loss-making for several years, according to its interim manager, Dominique Bernard, ...
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News briefs
Zalando plans to reduce its brand portfolio
Zalando is planning to scale down its global brand assortment in order to increase the relevance of its assortment. “In the beginning, Zalando was all about unlimited choice. This was a bold vision. And for a long time, this assortment span was one of our strongest selling points and exactly ...
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News briefs
Boot Barn's COO retires
Boot Barn Holdings said that Gregory V. Hackman, its executive vice president and chief operating officer, plans to retire later this year. He will continue with the U.S. footwear retailer until his retirement date, currently estimated for June, and transition his responsibilities to other executives. Hackman has been Boot Barn’s ...
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News briefs
Boohoo appoints a new deputy chairman
Boohoo has appointed Alistair McGeorge as a non executive director. He will succeed Brian Small as the deputy chairman of the British online fashion retailer from March 31. McGeorge will also act as interim chair of the audit committee until the search for an additional non-executive director to fulfill the ...
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News briefs
U.K. completes talks to join CPTPP
The British government said that it has “substantially” concluded negotiations on the U.K.’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a free trade agreement including 11 members: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. The U.K. applied to join CPTPP ...
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News briefs
Ralf Ringer to stop selling footwear through third-party stores
Ralf Ringer plans to stop selling shoes through third-party multi-brand stores. The move is part of a new strategy under which the Russian footwear manufacturer and retailer intends to increasingly focus on developing its own stores and franchises. The company claims that multi-brand stores in Russia are massively moving towards ...
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ArticleH&M posts an operating profit in Q1
In the first quarter that ended Feb. 28, H&M unexpectedly posted an operating profit of SEK 750 million (€66.4m), up from a profit of SEK 458 million a year earlier. Financial analysts were expecting a loss of more than SEK 1.0 billion (€88.5m). The operating margin widened to 1.3 percent ...
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News briefs
Prada to hire 400 people mainly in central Italy
Prada plans more than 400 hires by the end of 2023, mainly in the central Italian regions of Tuscany, Umbria and Marche, as it aims to bolster its production capacity and sustain growth. It noted that the Prada Group Academy will train more than 200 people. “The more than 400 ...
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ArticleReno files for bankruptcy
The shoe retailer Reno has filed for bankruptcy amid a deepening crisis in Germany’s shoe sector that has led to a string of insolvencies across the country in recent months. Reno’s parent company Reno Schuhcentrum GmbH and the subsidiary Reno Schuh GmbH applied for insolvency proceedings at the Hameln ...
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ArticleSpanish footwear exports at record levels in 2022
The year 2022 marked a record for Spanish footwear exports. For the first time, exports exceeded the €3 billion mark at €3.059 billion, up by 22.0 percent over 2021. In volume, exports increased by 6.1 percent to 159 million pairs. The average price was €19.26 a pair, up by 15.0 ...
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News briefs
Schuurman Schoenen to use Magazino robots
Schuurman Schoenen has selected the TORU picking robots from the German start-up Magazino for its warehouse in Neede, Netherlands. The Dutch footwear retailer has 45 shops and an e‑commerce website. It offers shoes for women, men and children under third-party and proprietary brands.
