Product & Marketing – Page 126
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ArticleAllbirds’ Q4 loss widens; company sets transformation plan
Allbirds completed its first full year as a public company by reporting a $25.5 million operating loss versus an operating loss of $6.4 million in the period ended Dec. 31. The net loss was $24,866,000 against a net loss of $10,444,000. Promotion and the discontinuation of first-generation apparel contributed to ...
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ArticleZalando sees operating profits improving in 2023
Zalando expects its operating profits to improve this year, after declining in 2022, and sees its Ebit margin reaching the upper end of its guidance by 2025. The German online fashion retailer reported that in 2022 its gross merchandise value (GMV) rose by 3.2 percent to €14.798 billion from €14.333 ...
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News briefs
Gianvito Rossi’s sales approach €100m
Gianvito Rossi, an Italian producer of luxury shoes, posted sales of €99 million in 2022, up by 35 percent year-on-year.
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News briefs
Trussardi seeks court protection
The Italian fashion brand Trussardi has asked a Milan-based court to appoint an administrator to manage its debt of €51.1 million. In order to enact the so-called crisis settlement procedure the company’s entire board has resigned. According to the daily Il Sole 24 Ore, the procedure, which is similar to ...
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News briefs
K-Swiss in a collaboration with the New York brand Corridor
K-Swiss, an American heritage tennis brand, said that it is launching a premium footwear collection with Corridor, a New York-based men’s clothing brand, through a ”creative editorial campaign” in Racquet magazine. The unisex footwear collection consists of the performance tennis shoe SpeedTrac, retailing at $140 a pair, and the heritage ...
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News briefs
Consumer demand for footwear bounces back in Russia
In January 2023, Russian fashion retailers enjoyed an 11 percent year-over-year rise in revenues thanks to a 6 percent increase in customer traffic, Russian consulting firm Focus Technologies estimated, attributing the trend primarily to weaker competition due to the departure of numerous Western brands from the country following Russia’s invasion ...
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ArticleInsolvent Surf4shoes is taken over
The German online shoe retailer Surf4shoes has found a new owner. The company, a subsidiary of the Osnabrück-based Hamm Reno Group, filed for preliminary insolvency in September 2022 and bankruptcy proceedings were opened on Dec. 1. Commertunity, which specializes in the acquisition, development and management of brands and business ...
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News briefsLloyd revamps its sales structure
The German shoe maker Lloyd Shoes has revamped its sales structure as part of an organizational overhaul. The company is reorganizing its sales division in southwestern Germany, comprising the landers of Hesse, Rhineland-Palatinate, Saarland, Baden-Württemberg and Bavaria, and in Luxembourg starting from the autumn/winter 2023 sales season. Responsibilities for ...
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ArticleRussia’s retailer Paolo Conte goes bankrupt
A Russian court has declared St. Petersburg-based footwear retailer Paolo Conte bankrupt, sparking concern over the future of small-scale players in the country. Paolo Conte operated 81 stores and was ranked sixth in the list of the largest mid-priced footwear retailers in Russia. The company started facing financial difficulties in ...
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ArticleArezzo buys the Italian brand Paris Texas
Arezzo & Co is buying a 65 percent stake in Paris Texas, an Italian brand specializing in the creation, production and sale of luxury women’s shoes. Founded in 2015 by Massimo Baltimora and Annamaria Brivio, Paris Texas is based in Monza, 20 kilometres north of Milan, and is controlled through ...
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ArticleGrendene sales suffer, outlook uncertain as consumers’ disposable income shrinks
Grendene generated fourth quarter revenues of 938.0 million reais (€169.6m), down by 0.9 percent on the year earlier as high inflation, interest rates and unemployment put a dent into the disposable income of consumers and below-average temperatures and political uncertainty in its home market of Brazil further hurt demand. Domestic ...
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ArticleFerragamo warns that inflation may further erode margins in 2023
Salvatore Ferragamo warned that its 2023 operating margins could be slightly lower than last year due to higher costs, which could put pressure on the stock price of the Italian fashion house which is already trading at lofty multiples. The average target price for financial analysts is around €16.14 compared ...
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ArticleHow a group of Polish shoemakers is seeking to relaunch their industry
Created in 2019, Polska Grupa Producentów Obuwia (PGPO) is a proactive grouping of more than 50 Polish shoemakers largely based in the southern province of Malopolskie, the country’s main footwear cluster, aiming to promote their industry which has been badly hit by Russia’s invasion of Ukraine on Feb. 24, 2022. ...
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News briefs
Spanish footwear exports exceed €3bn in 2022
Spanish footwear exports rose 22 percent in 2022 to €3.28 billion, according to the industry ministry. In volume, exports nearly reached 160 million pairs, up by 6 percent, added the Spanish footwear association, Fice. Compared with 2019, the year before the outbreak of the Covid-19 pandemic in Europe, exports ...
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News briefsNatural World's sales up 10%
Natural World, which seeks to produce a 100 percent ecological shoe, is enjoying an annual growth rate of 10 percent, according to sales director Jorge Velo, who spoke with Diffusion Sport at last month’s Micam show. The 11-year-old brand generates 70 percent of total sales outside its home country of ...
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News briefs
Vulcabras’ 2022 sales rise by 36%
In 2022, Vulcabras posted a 36 percent increase in revenues to R$2,536.9 million (€413.1m) from R$1,867.2 million a year earlier with sales in the home Brazilian market increasing by 33.5 percent to R$2,309.0 million (€430.6m) and foreign sales up by 65.5 percent to R$227.9 million (€42.5m). Annual e-commerce sales increased ...
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News briefs
Turkish inflation slows down
In February, Turkish inflation reached 55.18 percent year-on-year compared with 57.68 percent in January, according to the statistics office Tuik. It is the fourth consecutive month that annual inflation declines. Month on month, inflation reached 3.15 percent. Clothing and footwear was the segment with the lowest inflation, falling by ...
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ArticleGarmont's sales rise 60%, Germany remains the main market
Garmont, the Italian outdoor footwear company founded in 1964, reported sales of €40.5 million in 2022, up by 60 percent from the previous year, and an Ebitda margin of more than 16 percent. ”In 2022 we defined a strategy that allowed us to maintain our market positions while taking into ...
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ArticleNordstrom exits Canada
Nordstrom is exiting Canada, a market it entered in 2014 with “a plan to build and sustain a long-term business there,” announced Erik Nordstrom, the chief executive officer of the U.S. retailer. The Canadian business operates six Nordstrom stores and seven Nordstrom Rack units, as well as the Nordstrom.ca website, ...
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News briefs
Xero Shoes and Michelin partner for new barefoot hiking shoe
Xero Shoes, the U.S. barefoot footwear specialist, has partnered with JV International, the global licensee of Michelin soles with offices in Italy, Hong Kong and China, for the Scrambler Mid, a new, ultra-light trekking shoe. According to the manufacturer, the lightness of the Michelin sole, conceived, designed and manufactured exclusively ...
