Product & Marketing – Page 124
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ArticleJEMS by Pensole shoe factory inaugurated
On March 20, Designer Brands, the parent of the shoe retailer DSW Designer Shoe Warehouse, inaugurated, along with Pensole Lewis College of Business & Design (PLC), JEMS by Pensole, one of the first Black-owned footwear factories in the United States. The facility is located in Somersworth, New Hampshire. JEMS stands ...
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News briefs
French footwear sales continue to be weak in February
In February, French footwear retail sales fell by a seasonally and working-day adjusted 0.2 percent month-on-month, according to the Bank of France. In January, sales of footwear dropped by 4.3 percent. Overall, retail sales in France fell by a seasonally and working-day adjusted 0.4 percent compared with January when they ...
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News briefs
Amazon cuts an extra 9,000 jobs
Amazon plans a new round of job cuts involving about 9,000 employees, the chief executive, Andy Jassy, informed staff in memo, according to the news agency AP. According to the report the redundancies will mostly impact staff of the cloud services, advertising and Twitch units. In January, the U.S. ...
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News briefs
ANWR Group strengthens liquidity of affiliated retailers
As the now-restored ability to deliver and, at the same time, unusually early deliveries by manufacturers are currently leading to high inventories at many retail companies and thus to a short-term and seasonal strain on liquidity, German ANWR Group is strengthening its affiliated retailers via the Group’s own DZB Bank ...
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News briefs
Jennifer Lopez partners with Revolve for a line of footwear
Jennifer Lopez, the American singer and actress, has joined forces with Revolve, a U.S. lifestyle brand, to launch an exclusive line of footwear under the JLO Jennifer Lopez brand. JLO Jennifer Lopez for Revolve will launch in three drops, starting with a 16 piece collection of sculptural heels. The first ...
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News briefs
Shoe Carnival names a new CFO
Shoe Carnival has named Erik Gast as executive vice president, chief financial officer, effective April 24, 2023. Gast will join the U.S. footwear retailer from Fleet Farm Group, where he has been the executive vice president and chief financial officer since 2020. He succeeds W. Kerry Jackson, who will be ...
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News briefs
Alvin Sukali to leave Myanmar for Cambodia
The Chinese footwear firm Alvin Sukali will relocate from Myanmar to Cambodia in June creating over 1,000 jobs, the Khmer Times reported citing Cambodia’s ministry of labour and vocational training. The factory, which will be located in Samraong Tong in Kampong Speu province, is expected to produce over 70,000 pairs ...
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News briefs
Aeffe swings to a full-year loss
Aeffe, the Italian fashion house that owns the footwear brand Pollini, posted a net loss of €9 million in 2022 compared with a net profit of €12 million in 2021, which included non-recurring tax benefits of €9.5 million. The group’s revenues totaled €352 million, up by 8.4 percent on a ...
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News briefs
ILM unveils first date for 2024
The 159th edition of ILM, the international leather goods fair held in Offenbach am Main, near Frankfurt, is scheduled from Feb. 3 to 5, 2024, the organizer of the event, Messe Offenbach, announced. Held twice a year, the fair is an important hub for international trade in the leather ...
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ArticleGerman 2022 footwear exports up 19.4%
In 2022, German footwear exports in 2022 grew by 19.4 percent year-over-year in value to €9.6 billion, according to data released by the German footwear and leather goods trade association, HDS/L. Exports were skewed towards the second half of the year. They totalled €4.2 billion, or 175.2 million pairs of ...
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ArticleDesigner Brands anticipates sales, earnings decline amid economic uncertainty
Designer Brands expects sales in the financial year ending January 2024 to decline by a mid-single digit percentage, while earnings are also expected to fall as consumers remain cautious on purchases amid fears of a recession. “With the continued uncertainty in the macroeconomic environment and evolving patterns of consumer discretionary ...
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News briefs
Portuguese exports up over 20%
In 2022, Portuguese footwear exports rose by 20.2 percent in value to over €2 billion and by 10.5 percent in volume to 76 million pairs, according to data released by Apiccaps, the Portuguese footwear, components and leather goods manufacturers association. About 80 percent of exports were shipped to other European ...
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ArticleShopfitting costs in German fashion retail increase sharply
The cost of shopfitting in fashion retail in Germany further shot up to €653 per square meter of retail space in 2022, a survey showed, up from €537 in 2019 and €444 in 2017. According to the study Shop Monitor 2023 carried out by the EHI research institute, material ...
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News briefs
Wolverine Worldwide names new chairman, directors
Tom Long, the lead independent director for Wolverine Worldwide and former CEO of MillerCoors, LLC, will become chairman of Wolverine on May 4 following the retirement of Blake Krueger, chairman and retired CEO. Meanwhile, earlier this week, the parent of the Merrell and Saucony brands, among others, named three ...
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News briefs
Adidas, Y-3 present glueless shoe that can be easily dismantled
Earlier this year, Adidas and Yohji Yamamoto introduced the new Y-3 Atelier. Now, the German sporting goods brand and the Japanese designer present the first footwear from their experimental new collaboration: the Y-3 Itogo. The shoe consists of just five components, each highlighted by a number on the shoe: Elastic ...
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ArticleBrand portfolio drives Caleres higher in Q4
Caleres reported fourth-quarter results that exceeded expectations, bolstered by strong sales, profit and margin gains by its Brand Portfolio and solid results from its Famous Footwear segment that has begun sharpening its focus to reach more Millennial consumers. Operating income within the brand portfolio rose by 78 percent to $19.3 ...
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News briefsInditex posts record sales
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho, posted record sales of €32.6 billion in the full year ended Jan. 31, up by a reported 17.5 percent and by 18 percent at constant currency rates. Constant currency growth was driven by rises ...
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News briefs
H&M Q1 sales up by 12%
H&M released preliminary results for the first quarter ended Feb. 28 that showed that net sales increased by 12 percent to SEK 54.872 billion (€4.91bn). The top line was 3 percent higher in local currencies. Excluding Russia, Belarus and Ukraine the increase was 16 percent on a reported basis and ...
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News briefs
Burberry names a new CFO
Burberry has appointed Kate Ferry as chief financial officer and executive director, joining the British luxury goods company by early September 2023 at the latest. She will be responsible for finance and business services functions and will become a member of Burberry’s board and executive committee. Ferry is currently CFO ...
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ArticleTod’s returns to the black, sees sales rising 7% in 2023
Tod’s reported a net profit of €23.1 million in 2022 compared to a bottom line loss of €5.9 million the year earlier but nonetheless decided to skip a dividend payment for the fourth year running. Emilio Macellari, the chief financial officer, indicated in a conference call with analysts that a ...
