Product & Marketing – Page 123
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News briefs
Macy’s head to retire in February 2024
Macy’s said that its chairman and chief executive officer, Jeff Gennette, plans to retire in February 2024 after serving the company for 40 years. It added that Tony Spring, Macy’s’ executive vice president and Bloomingdale’s chairman and chief executive officer, has been appointed by the board of directors as the ...
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News briefs
Consumer confidence improves in Germany and Italy, weakens in France
Consumer confidence has improved in Germany and Italy, but slipped slightly in France over the past months. In April, consumer confidence in Germany is expected to improve to -29.5 from -30.6 in March, marking the sixth improvement in a row even if momentum has weakened, according to advance data released ...
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ArticleNext cautious on outlook but sees inflationary pressures easing
Next reported a better-than-expected annual profit but warned that it still expects sales and earnings to fall in a “very challenging” current fiscal year. Inflationary pressures were forecast to ease as freight costs drop and the cost of goods improve, but higher wages and energy costs are still expected to ...
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ArticleHotter Shoes’ parent may be taken over by WoolOvers
Unbound Group, the owner of Hotter Shoes, is considering a bid approach from WoolOvers Group valuing the business £6.8 million (€7.7 million). Unbound said it would accept if a firm offer were made. According to U.K. market rules, WoolOvers has to make a firm by 5.00 pm London time on ...
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ArticleHow Spanish espadrille makers expect to bank on their holy city’s jubilee
In 2024, Caravaca de la Cruz, the fifth holy city of Catholic Christianity with Rome, Jerusalem, Santiago de Compostela and Camaleño, will be celebrating a jubilee year that is expected to attract more than a million pilgrims and tourists. As part of the event, local shoe makers have launched a ...
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News briefs
Next buys the Cath Kidston brand
Next has agreed to buy the brand name, domain names and intellectual property of CK Acquisitions, which owns the modern vintage brand Cath Kidston, from administrators for £8.5 million (€9.7 million). The British fashion retailer will license back to the administrators the cathkidston.com domain for up to 12 weeks to ...
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News briefs
Kaporal files for receivership
Kaporal, a French ready-to-wear retailer specialized in denim, said that it has asked to be placed into receivership by a Marseille-based court due to “unprecedent economic difficulties.” Kaporal noted that over the past years it was affected by the yellow vest protest movement, the Covid-19 pandemic, various national strikes and ...
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News briefs
Alibaba to split into 6 units
Alibaba will split into six business units that will have the right to raise funds independently and be listed. The restructuring aims to make the group “more agile, shorten decision making links and respond faster,” wrote the chairman and chief executive, Daniel Zhang, in a letter to staff. The six ...
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News briefs
Second expansion of ANWR Ordercenter O1 starts
The ANWR Group is expanding its Ordercenter O1 in Mainhausen with a second extension building, thus manifesting its claim to expand the campus from a regional order location to a European marketplace. With the commissioning of the new site (planned to open in April 2024), more than 90 manufacturers will ...
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ArticleStella expects a decline in sales volumes in 2023
Stella International anticipates sales volumes to decline in 2023, especially in the first half of the year, driven by a decrease in orders for sports shoes. The drop is expected to be partially offset by additional customers in the luxury and the fashion categories. The Hong-Kong based footwear manufacturer and ...
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News briefs
Neiman Marcus in exclusive partnership with Christian Louboutin
In partnership with the French footwear designer Christian Louboutin, Neiman Marcus unveiled an exclusive collection called “A La Piscine” (At The Swimming Pool in French). The collection features a full range of footwear and handbags in neon colors and splash print. It also includes newly added lifestyle product categories such ...
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News briefs
Dr. Martens appoints a new board member
Dr. Martens said that Andrew Harrison will join the board of the British footwear brand as an independent non-executive director with effect from May 1. Harrison is a managing partner at the consumer brand investment firm Freston Ventures and senior independent director at Ocado Group, a British company providing technology ...
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ArticleShoepassion files for bankruptcy after pandemic hit
Berlin-based footwear company Shoepassion filed for bankruptcy as sales lagged and liabilities arising from the pandemic took their toll. On March 6, the omnichannel company filed an application for the opening of insolvency proceedings under self-administration with the district court of Berlin-Charlottenburg, becoming the latest footwear company to be ...
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News briefs
Rexor sales swing back to near pre-pandemic levels
Rexor, the 70-year old German buying group controlled by ANWR, reported a 22 percent increase in central settlement sales to €216.9 million in 2022, up from €177.1 in 2021 and nearly returning to pre-pandemic levels. In Germany, the group’s sales last year increased by more than 10 percent from 2019, ...
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ArticleTempe’s FY sales rise nearly 8%
In fiscal 2022, Tempe increased its revenues by 7.9 percent to €1,408 million from €1,305 million a year and returned to pre-pandemic levels. In fiscal 2019, the last year before the onset of the Covid-19 pandemic in Spain, the company’s top line reached €1,399 million. Tempe is part of the ...
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ArticleShoe Carnival sees sales steadying after 7% decline in Q4
Shoe Carnival anticipates sales will be flat to up by 4.5 percent in its 2023 financial year after declining in the fourth quarter of fiscal 2022 and getting off to a “slow start” in the first quarter set to end in April amid economic uncertainty and cooler weather. In the ...
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ArticleSpartoo’s GMV drops slightly in 2022
In 2022, Spartoo saw its gross merchandise value (GMV) decrease by 1.9 percent compared to the year earlier to €209.6 million due to high inflation and a “slowdown in demand affecting all e-commerce players,” according to the French online retailer. GMV from B2C services slipped to €189.9 million from €192.8 ...
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News briefs
Allbirds to launch net zero carbon shoe
Allbirds has announced the launch of the M0.0NSHOT, which it claims is the “world’s first net zero carbon shoe.” The name refers to the company “shooting for the moon with a net zero carbon shoe,” the Californian brand said. The midsole of the M0.0NSHOT consists of a newly-developed sugarcane-based foam ...
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News briefs
Xtep sales rise to record high
The publicly traded Chinese company Xtep International Holdings, whose business model consists of its own label for the nation’s mass market and four western brands (K-Swiss and Palladium, globally, and joint ventures for Merrell and Saucony in Mainland China) targeting the premium market, generated a 29.1 percent increase in 2022 ...
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News briefs
SMCP names a new CEO for Maje
SMCP, the French fashion group that owns the brands Sandro, Maje, Claudie Pierlot and Fursac, is appointing Elina Kousourna chief executive of Maje, effective April 17. Kousourna has been running the Fursac brand for three years and will replace Charlotte Tasset Ferrec, who has been CEO of Maje since January ...
