Product & Marketing – Page 130
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ArticleAlpargatas swings to Q4 loss as inflation erodes purchasing power
Alpargatas, the Brazilian owner of the flip-flop sandal brand Havaianas, reported a decline in sales volumes and a bottom-line loss in the fourth quarter of 2022, rounding out a year that fell short of management expectations as inflation cut into households’ disposable income. In January, overall annual inflation in Brazil ...
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News briefs
Hong Kong Jiahe International obtains financing for Java factory
Hong Kong Jiahe International, a wholly-owned subsidiary of the Taiwanese shoe manufacturer Yuqi International, which produces outdoor footwear for customers such as Under Armour, Decathlon and The North Face, has obtained funding to build an $83 million shoe factory in Indonesia, Footwearbiz reported. The loan, provided by a pool of ...
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News briefsIndian footwear exports surge
In the nine months running from April to December 2022, Indian exports of leather products and footwear rose by 16.55 percent year-over-year to $4.092 billion. In rupee, the increase reached 24.99 percent, according to the Council For Leather Exports (CLE). During the period, exports of leather footwear grew by 26.56 ...
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News briefs
U.K. online footwear sales rise 4.7%
Footwear posted a 4.7 percent year-on-year rise in online sales in the U.K. in January, the only subcategory in clothing to enjoy an annual increase during the month, according to the IMRG Online Retail Index. Total online sales in clothing were down by 4.5 percent year-over-year in January. Overall ...
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ArticleDesigner Brands buys Keds from Wolverine Worldwide
Wolverine Worldwide has sold Keds, which it acquired in 2012 as part of its $1,249.5 million acquisition of the assets of the former Performance Lifestyle Group (PLG), for $83.6 million to the North American retailer Designer Brands Inc. The sale also includes the Pro-Keds athleisure brand and Keds’ e-commerce business. ...
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News briefsAsos hires ex Matchesfashion finance boss as interim CFO
Asos has appointed former Matchesfashion chief financial officer Sean Glithero as its new interim CFO as the British online fashion retailer pursues its ‘Driving Change’ transformation programme. Glithero will replace the current interim CFO Katy Mecklenburgh, who leaves in May. He has already joined the company to allow for a ...
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ArticleStuart Weitzman’s Q2 sales down nearly 24%
Stuart Weitzman, the premium footwear brand of the U.S. fashion group Tapestry, posted sales of $85 million in the fiscal second quarter ended Dec. 31, down 23.6 percent year-on-year at constant currency rates. “Revenue declined in the quarter, impacted by the brand’s significant exposure to China as well as a ...
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News briefs
Piquadro sees FY sales at €170-175m
Piquadro reported revenues of €126.8 million in the first nine months ended Dec. 31, up by 15.9 percent compared to the year earlier. The figures were in line with preliminary figures released in January. Piquadro’s net financial positive was positive for €14.6 million, compared with a positive figure of €13.9 ...
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News briefsVibram's FY sales up over 30%
Vibram recorded sales of €300 million in 2022, representing an increase of more than 30 percent from 2021, FashionNetwork.com reported. The increase was driven by sales growth across all the main markets and product categories. The U.S. market accounted for 50 percent of the company’s sales. E-commerce sales accounted for ...
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News briefsSaucony turns 125 and celebrates with new release
Saucony is celebrating its 125th anniversary with the release of its “lightest, fastest and energy-efficient shoe.” Endrophin Elite Source: Saucony The Endorphin Elite combines PWRRUN HG foam with an articulated and forked carbon plate, an upper of knitted fabric and mesh, and a “race-ready” midfoot webbing. The ...
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ArticleVF takes action to improve performance, divesting pack brands
VF Corp. is vowing to take all necessary actions to improve its operating performance heading into its FY24
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ArticleiHeel presents an extendable heel for women’s shoes
iHeel, an Italian company proposing an extendable heel for women’s shoes, is obtaining a lot of interest from end users, resellers, distributors and e-commerce companies, according to Veronica Crisafulli, the company’s co-founder along with Alessandro Filosa. The pair has been working for three years on the heel’s prototypes and invested ...
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ArticleANWR Group FY revenues rise nearly 10%
ANWR Group reported a 9.6 percent increase in business volumes to €21.7 billion in 2022 driven by the footwear, sports and leather goods divisions, which posted double-digit growth. “This is a remarkable development given the challenging conditions we faced in 2022,” said Frank Schuffelen, the CEO of the German ...
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ArticleJimmy Choo’s quarterly sales hit by Covid resurgence in China
In the fiscal third quarter ended Dec. 31, Jimmy Choo posted revenues of $168 million, down by 5.6 percent year-over-year on a reported basis but up by 3.4 percent at constant currency rates. The brand’s performance was affected by the surge in Covid-19 cases in China as the country reopened. ...
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News briefsSosandar plans to raise £4.5m
Sosandar plans to raise gross proceeds of £4.5 million (€5.6m) by issuing new ordinary shares. The British fashion brand plans the placing of at least 18,181,818 new ordinary shares via an accelerated bookbuild at a price of 22 pence (€0.25) per share in order to raise minimum gross proceeds of ...
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News briefs
Scarpa and Politecnico di Torino collaborate on foot insulation
The Italian outdoor footwear specialist Scarpa and Politecnico di Torino are collaborating on a new project to develop a thermal insulation analysis model for mountaineering boots. To improve footwear performance, the project is defining a scale of thermal comfort for foot insulation in severe cold. To aid development, Scarpa and ...
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News briefs
JD Sports unveils plans for sales growth, rapid store expansion
JD Sports Fashion has revealed plans to grow revenues and margins by double digits over the next five years alongside a rapid store expansion, The plan also includes capital expenditure of £500-600 million (€560-673m) a year, with 50-60 percent of the spend focused on store expansion in underpenetrated markets. This ...
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News briefs
Amazon Q4 revenues top forecasts while profit decreases
Amazon posted net sales of $149 billion for its fourth quarter ended Dec. 31, 2022, for a 9 percent increase compared with the fourth quarter of 2021. Revenues topped forecasts and were driven by “a record-breaking holiday season,” the company said. The company expected fourth-quarter net sales of $140.0 to ...
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News briefs
Turkish inflation slows down in January
Turkey’s annual inflation slowed down in January to 57.7 percent from 64.3 percent in December, according to the statistics office Tuik. It is the third month in a row that annual inflation declines. In January, clothing and footwear was the segment with the lowest annual increase, rising by 24.24 percent. ...
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ArticleDeckers raises sales and earnings guidance after better-than-expected Q3
Deckers Brands raised its sales and earnings guidance for the full financial year after revenues in the third quarter ended Dec. 31 rose by 13.3 percent to $1,346 million, beating analysts’ expectations for a top line of about $1,250 million and supported by a near doubling in sales of the ...
