Product & Marketing – Page 13
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Article
Wolverine makes progress on turnaround but more bumps likely
Six months on the job, Wolverine World Wide’s president and CEO, Chris Hufnagel, had to oversee changes in many aspects of the group’s overall business, including excess inventory, shedding businesses, lowering debt levels, and improving the supply chain. Progress has been made, but the turnaround will take more time ...
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News briefs
Oerlikon to spin off its Polymer Processing Solutions division
The Swiss industrial group Oerlikon plans to spin off its Polymer Processing Solutions business in order to focus on surface solution markets. “Today, we announce our final strategic step to become a pure-play leader in the broad surface solutions markets with attractive organic and inorganic growth opportunities. We will further ...
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ArticleFor Ever to produce compostable soles with Balena’s technology
For Ever, a Portuguese sole brand created in 1973, is joining forces with Balena to produce compostable soles. Balena is a circular economy startup founded in 2020 and located in Tel Aviv. The collaboration, unveiled on Feb. 20 during the Milan-based trade show Lineapelle, will combine For Ever’s mold injection ...
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News briefs
Germany could lose 5,000 stores in 2024
The retail sector in Germany is set to lose 5,000 more stores across all consumer goods segments in 2024, extending a downward trend, according to a forecast by the German Retail Association (HDE). By the end of this year, store closures since 2020 are expected to reach 46,000, the ...
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News briefsShiekh Shoes launches a credit card
Shiekh Shoes, a US footwear and apparel retailer, is introducing the Shiekh Credit Card in partnership with Sunbit, a financial technology firm. The co-branded retail credit card is built on the Sunbit Credit Card platform and ”designed to enhance the shopping experience and foster brand loyalty,” Shiekh Shoes said. By ...
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News briefs
Schuh-Welt files for restructuring under self-administration
The German shoe retailer Schuh-Welt has filed for restructuring under self-administration with the Pirmasens district court, as sluggish demand and rising rent and energy costs have taken their toll on the company’s finances. The retailer operates ten stores in southwestern Germany, including its headquarters in Waldfischbach-Burgalben, in the Rhineland-Palatinate ...
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News briefsSkechers’ store network exceeds 5,000 units
Skechers’ store network has exceeded 5,000 locations, and the US company indicates that it is on track to doubling its footprint. The 5,000th store was opened in Bogotá, Colombia. The US footwear company opened its first Skechers store in 1995 in Manhattan Beach, near its corporate offices in Los Angeles. ...
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ArticleItalian shoemakers concerned about the first half of 2024
After having experienced a decline in revenues in the second part of 2023, Italian footwear manufacturers expect the negative trend to continue during the first half of 2024. After gains posted in the first half of 2023, driven by a 13.6 percent year-over-year surge in the first quarter and a ...
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ArticleVF to extend its board in agreement with Engaged Capital
VF Corporation has appointed Caroline Brown to its board in agreement with its shareholder Engaged Capital. The activist investor has been pushing for an aggressive turnaround for the US apparel and footwear company. ”This appointment follows constructive engagement with VF’s shareholders, including Engaged Capital, LLC. VF also intends to ...
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ArticleHow Cortina wants to disrupt the sneaker market with its new SJ brand
Simultaneously in Europe and in Asia, Cortina launched the SJ brand, which it expects will disrupt the sneaker market and help it make the transition from a private label business to a brand-centric entity. The new label was showcased at Expo Riva Schuh & Gardabags, an international trade show specializing ...
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ArticleCrocs brand starts 2024 with momentum but $5bn sales target will take longer to reach
The Crocs brand has started 2024 “with momentum,” after sales in 2023 jumped by 14 percent to $3.0 billion, but management now expects it will take a bit longer to reach a $5.0 billion 2026 sales target unveiled in 2021. “I don’t think it’s realistic to achieve the $5 billion ...
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News briefsFrench shoe sales drop 4.9% in 2023
In 2023, sales volumes of fashion items dropped by 4 percent in France, led by a 4.9 percent decline in footwear, according to the Institut Français de la Mode (IFM), a higher-education institution. IFM noted fashion retailers continued to face a difficult business environment, with chains closing 782 stores and ...
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ArticleShoe Carnival buys Rogan Shoes
Shoe Carnival has acquired Rogan Shoes, a 53-year-old work and family footwear company with 28 stores in Wisconsin, Minnesota and Illinois which trade under the Rogan’s Shoes banner, for a purchase price of $45 million. The US footwear retailer expects the acquisition to be immediately accretive to its fiscal 2024 ...
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ArticleTown Team is seeking to expand its footwear offer
Town Team, a fast-growing Egyptian retailer, is seeking for new suppliers to enhance its footwear range as it faces competition from fast-fashion brands such as Zara and Bershka, both owned by the Spanish behemoth Inditex, and LC Waikiki, a Turkish chain also known as LCW. Town Team, which offers men’s ...
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News briefsLiving Kitzbühel hires a head of product
The Austrian slipper brand Living Kitzbühel has expanded its management team with the addition of Christina Wittmann as the new Head of Product, according to media reports. Wittmann previously worked for 16 years at Leder & Schuh AG, where she most recently served as Head of Buying, after introducing ...
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News briefsHooijer Footwear Group strengthens its sales team
The Dutch distribution and wholesale company Hooijer Footwear Group has strengthened its sales team in Bavaria and Austria. Thomas Lugmeier has been responsible for the Heydude and Crocs brands since the beginning of the year, Hooijer said on its LinkedIn page. He succeeds Gerd Neubauer, who is now in ...
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ArticleMicam attracts over 900 brands
Micam will host 923 brands at its forthcoming edition, scheduled from Feb. 18 to 21, with 464 labels coming from Italy and 459 from abroad, mainly Spain, Turkey, Brazil, Germany and Portugal. Micam, which will be held at the Fieramilano Rho exhibition center at the outskirts of Milan, will showcase ...
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News briefsMicam to see the presence of 76 Brazilian brands
Abicalçados said that 76 Brazilian brands benefitting from a trade support scheme will be attending the Micam trade show, scheduled to run from Feb. 18 to 21 at the Fieramilano Rho exhibition center on the outskirts of Milan. The delegation is similar in size to the one present at Micam’s ...
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News briefsMaersk warns that Red Sea crisis could last well into H2
Maersk is advising customers to prepare for a Red Sea crisis that could last well into the second half of this year. “Unfortunately, we don’t see any change in the Red Sea happening anytime soon,” Charles van der Steene, the regional president for Maersk North America, told the television network ...
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News briefs
German economic sentiment improves
In February, the index for economic sentiment in Germany rose to 19.9 from 15.2 in January, lifted by expectations that the European Central Bank (ECB) and the US Federal Reserve would start cutting interest rates to stimulate the economy, according to the latest survey released by think tank ZEW. Economists ...
