Product & Marketing – Page 129
-
News briefs
Hermès’ FY sales up by nearly 30%
The French luxury goods group Hermès said that in 2022 it posted a net profit of €3.367 billion, up from €2.445 billion, while revenues rose by 29.2 percent to €11.602 billion. At constant currency rates, the top line was up by 23.4 percent. The leather goods and saddlery division increased ...
-
News briefs
BasicNet posts 34% sales growth in 2022
BasicNet, the Italian parent for the Kappa, K-Way, Superga and Sebago brands, has reported preliminary results for 2022. Final results are due for release on March 9. Group brands’ aggregate sales rose 34.1 percent year-over-year to €1.27 billion in 2022. Commercial licensee and direct aggregate sales grew by 27 percent ...
-
News briefs
Alpargatas hires a new head of finance
Following the resignation of Julian Garrido Del Val Neto, vice president of finance and investor relations, effective April 1, the board of directors of Alpargatas S.A., the Brazilian owner of the Havaianas flip-flop sandal brand, has elected André Corrêa Natal as his successor. His term will begin on April 1 ...
-
News briefs
Snipes invests in a new logistic center
The sports and lifestyle retailer Snipes is building a new service and logistics center in Bedburg, Germany, in order to be positioned for the planned expansion of the company. The construction is the largest logistics investment ever made by the sneaker and streetwear retailer. According to the company, Snipes is ...
-
ArticleHow a new collection has prompted Safety Jogger to review its supply chain
Safety Jogger, the leading brand of the Belgian footwear and apparel company Cortina, launched in November 2022 a workwear collection as part of its brand extension policy and the initiative has led the company to reconsider its sourcing policy and reduce its reliance on China. At Expoprotection, an international exhibition ...
-
ArticleGabor resumes growth in 2022 after the pandemic collapse
The German shoe manufacturer Gabor returned to growth in 2022 as it recovers from the Covid-19 downturn. The top line however still remains about 10 percent below the level achieved in 2019, the year prior to the outbreak of the pandemic. The Rosenheim-based company reported sales of €325 million, for ...
-
News briefsBoohoo revamps executive incentive plan after share price drop
Boohoo has launched a new performance plan for senior managers after deciding previous targets were too hard to reach given the collapse in the company’s share price. The British online fashion retailer said its existing incentives had “little or no value” as shares had to reach at least £5 (€5.62) ...
-
News briefs
Desenrasco launches sustainable, resoleable sneakers
The German footwear brand Desenrasco has embarked on the path of sustainability with the launch of a new welted sneaker that is intended to blend durability with repairability. The limited-edition sneaker, which is made entirely of vegetable-tanned leather in a family-run factory in Portugal, can be resoled. The ...
-
News briefs
Spain clears paid menstrual leave
The Spanish parliament has approved legislation authorizing a paid menstrual leave for women suffering severe period pain. It is the first European country to introduce such a measure. Lawmakers also cleared legislation allowing anyone aged 16 or more to change their gender on their national identity card with a simple ...
-
News briefsKering’s FY sales rise by 15% driven by Yves Saint Laurent
Kering’s 2022 revenues rose by a reported 15 percent, and by a like-for-like 9 percent, to €20.351 billion. Comparable sales for the directly-operated stores of the French luxury goods group increased by 10 percent, driven by Western Europe and Japan. Among the group’s leading brands, comparable revenues inched up ...
-
ArticleACBC more than doubles 2022 sales, enters partnership with Diadora
ACBC has yet to finalize its financial results for 2022, but the fast growing Italian B Corporation sneaker startup estimates that revenues grew by 130-140 percent year-on-year and Ebitda increased by 20-25 percent. “If we look at the last three years, revenues have been growing at an average of more ...
-
News briefs
Louis Vuitton names Pharrell Williams as creative director for the men’s collection
Louis Vuitton has appointed the American singer and fashion designer Pharrell Williams as the creative director of its men’s collection with immediate effect. His first collection with the French fashion house will be revealed in June during the men’s fashion week in Paris. ”Pharrell Williams is a visionary whose creative ...
-
News briefsCaleres’ FY sales reach nearly $3bn
After a stronger-than-anticipated performance during the year-end holiday season, Caleres is providing preliminary results for fiscal 2022 that exceed its previous expectations and set another record year for the company. Caleres now expects consolidated sales of approximately $2.97 billion, up by 7 percent year-over-year. Previous expectations were for growth of ...
-
ArticleThe upgrade of Expo Riva Schuh’s exhibition hall continues despite hiccups
Plans to upgrade the exhibition hall that hosts Expo Riva Schuh & Gardabags are progressing even though a significant portion of the project will be delayed following the bankruptcy of the construction group that had won a public tender for a large part of the works. The modernization of the ...
-
ArticleMicam features 988 exhibitors
Micam, the trade show scheduled to be held from Feb.19 to 22 at the Fieramilano Rho exhibition center at the outskirts of Milan, has attracted 988 exhibitors, including 451 foreign ones. Newcomers include the brands Alberto Guardiani, Buffalo Boots, Cult, Kenneth Cole, Luciano Padovan and Oxs. The trade show is ...
-
News briefsOTB continues to grow and mulls an IPO
The Italian fashion group OTB posted a double-digit growth rate in sales last year and announced that it is open to the possibility of an initial public offering. In 2022, revenues grew by 14 percent to €1.743 billion, while net sales rose by 12 percent to €1.630 billion, driven by ...
-
News briefs
Walmart may close 3 technology hubs in the U.S.
Walmart plans to close three of its U.S. technology hubs, according to The Wall Street Journal citing memo sent by Suresh Kumar, the global chief technology officer of the American retailer, to staff. The hubs that are due to be closed are located in Austin, Carlsbad and Portland. Walmart will ...
-
News briefs
Snipes appoints a COO
Peter Buse has been appointed chief operating officer of Snipes, a new role at the Cologne-based sneaker and streetwear retailer. Most recently, Buse held the same role at Momox, from July 2019 to July 2022. He previously worked at Netrada, also as COO, and at Arvato as logistics manager. This ...
-
News briefs
Skechers opens 2 more stores in Spain
Skechers is planning to open new stores in the Spanish cities of Jerez de la Frontera and Valencia this year, according to Palco23. The store in Jerez will have a surface area of 256 square meters while the one in Valencia, within the Bonaire Outlet shopping mall, will have a ...
-
News briefsNice Footwear’s key shareholders own 97.47% of the company
Following a public tender launched to delist Nice Footwear, 97.47 percent of the capital of the Italian footwear company is owned by its key shareholders as well as 94.94 percent on warrants. The public tender launched by the Italian private equity firm Palladio Holding. It started on Jan. 9 and ...
