Product & Marketing – Page 125
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News briefs
Vapesol invests to bolster annual output to 5 mln soles
Vapesol, a Portuguese sole manufacturer that is celebrating its 25th anniversary, will invest in a 15,000 square meter facility to bolster its annual production to 5 million units. The Felgueiras-based company recently invested €2 million in a new factory exclusively dedicated to the production of EVA soles, which are 70 ...
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News briefs
Galeria Karstadt Kaufhof to close 52 stores
Galeria Karstadt Kaufhof, the troubled chain of German department stores, will close 52 of its 129 stores, putting at risk about 4,000 jobs at the points of sales and some 300 at its headquarters in Essen. A first batch of closures is scheduled on June 30, 2023, and another on ...
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News briefs
OrthoLite partners with Novamont to produce its circular solution for footwear
Insole and footwear materials brand OrthoLite has announced a partnership with Novamont, a B-Corp manufacturer of bioplastics and biochemicals, to escalate the scalability of its circular foam material solution for footwear, the OrthoLite Cirql, originally launched in 2022. OrthoLite Cirql foam is positioned as free from “forever chemicals” and responsibly ...
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ArticleTamaris launches a new concept store
Tamaris has launched a new store concept that features apparel for the first time. The new ”lifestyle” store opened as a pilot in central Dortmund, Germany. Tamaris is a brand of the German footwear manufacturer and distributor Wortmann Group, which also has the Tozzi, Caprice, Jana and s.Oliver brands. Wortmann ...
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News briefs
BasicNet FY Ebitda rises by 38%
BasicNet, the parent company of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands, reported a net profit of €11.2 million in 2022 against earnings of €65.7 million a year earlier, which was bloated by a €60.9 million contribution from K-Way. Annual Ebitda rose by 38 percent to €60.9 ...
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ArticlePrada’s footwear business outperformed in 2022
In 2022, the Prada group’s footwear business outperformed the other main product categories by increasing retail sales by 29 percent at constant currency rates to €691 million, driven by both formal and lifestyle products. Meanwhile, ready-to-wear jumped by 27 percent to €1,086 million and leather goods grew by 18 percent ...
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News briefs
Gap makes management changes as it streamlines
Gap Inc., which manages the banners Old Navy, Gap, Banana Republic and Athleta, announced several changes to its executive leadership team and additional cost-cutting measures. The U.S. retailer said that it will further simplify and optimize its operating mode, including decreasing management layers to improve the quality and speed of ...
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News briefs
Shoe Zone cancels 500,000 shares
Shoe Zone announced the cancellation of 500,000 ordinary shares currently held in treasury. Following the cancellation, the issued share capital of the British footwear retailer now stands at 48,500,000 and Shoe Zone now holds 25,283 shares in treasury. The total voting rights remain unchanged at 48,474,717.
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News briefs
Iranian brands to make a debut on the Russian footwear market
An estimated 15 to 20 Iranian fashion brands could emerge on the Russian market this year, the Russian newspaper Izvestia reported, citing the outcome of recent negotiations between Iranian and Russian authorities. The Russian union of shopping centers also unveiled that the first agreement with an Iranian company had already ...
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News briefs
Permira reportedly interested in Florence
The London-based private equity Permira is interested in Gruppo Florence, an Italian holding company that owns 23 suppliers to the luxury goods industry, including three footwear manufacturers, according to media reports. Florence was created in late 2020 by the Milan-based private equity firm Vam Investments, the Italian state investment firm ...
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News briefs
Vibram aims to double its footwear sales
Vibram, the Italian sole producer, aims to double its sales of own-brand footwear which reached €18 million in 2022, Paolo Manuzzi, the chief executive of the Italian sole producer, said in an interview with the daily Il Sole 24 Ore. Last year, the group’s overall sales rose by 50 percent ...
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ArticleArezzo starts 2023 with 23% growth in DTC sellout after record 2022
Arezzo & Co began 2023 with continued momentum after a record sales performance in 2022, wrapping up two acquisitions and registering a 22.8 percent increase in direct-to-consumer (DTC) sellout to 611 million reais (€110.2m) in the first two months of the year. Management said that the performance in January and ...
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News briefs
Roel Roelofs joins Hooijer Footwear Group to lead Jan Jansen Amsterdam brand
The footwear industry veteran Roel Roelofs joined Hooijer Footwear Group as managing director of the Jan Jansen Amsterdam brand on March 1. Roelofs will be in charge of all activities, from design to sales, and will focus, among other things, on further strengthening the collection and expanding sales abroad. ...
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ArticleGeox confirms sales growth targets, to continue with DOS closures
Geox confirmed its 2023 targets for 6-8 percent sales growth and a further improvement in profitability, as it revealed a €4.3 million operating profit in 2022 after three years of losses. The result compared to an operating loss of €44.9 million in 2021 and was achieved as a restructuring aimed ...
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ArticleGenesco to focus on cost-cutting this year
Citing a rapidly changing consumer environment, Genesco is making numerous changes to its business as it braces for a challenging first half ahead of an anticipated better second half of the year. The current full-year outlook calls for total sales of flat to up 2 percent and earnings per share ...
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News briefsHugo Boss sees 2023 sales up about 5%
Hugo Boss expects to post a mid-single-digit percentage rate increase in sales in 2023 while Ebit is seen rising by 5 to 12 percent from 2022 levels to €350 million to €375 million. For both, EMEA and the Americas region, the company anticipates growth in the low- to mid-single-digit percentage ...
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Article
Footwear ad spend in Germany totalled €185m in 2022
Footwear companies have invested more than €185 million in advertising in 2022 in Germany, with shoe manufacturers accounting for the lion’s share, a survey from market analysis firm Research Tools and data specialist AdVision digital showed. Almost one third of total expenditure was attributable to retailers, according to the ...
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News briefs
Sabu swings back to growth as sales return to pre-Covid levels
The German shoe retail cooperative Sabu reported strong results for 2022 driven by a surge in sales and an increase in points of sale, as the pandemic loosened its grip. Sales swung back above pre-Covid levels and were up by 42 percent to € 335 million compared to 2021. ...
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ArticleWeyco sales inch down in Q4 due to North American wholesale
Weyco Group posted sales of $99.0 million in the fourth quarter of 2022, a decline of 2 percent compared to the year earlier that had been expected due to the fact some wholesale orders in the third quarter of 2021 had been shifted to the fourth quarter amid supply chain ...
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News briefs
Alpargatas takes legal action over missed equity purchase payment
Alpargatas, the Brazilian footwear and apparel group, wants Carlos Roberto Wizard Martins to pay up. In a Sept. 2018 purchase and sale agreement, the investor struck a deal to acquire a 22.5 percent stake in Alpargatas S.A.I.C. from Alpargatas S.A. A first installment of the remaining purchase price equaling Brazilian ...
