Product & Marketing – Page 131
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News briefs
Sosandar’s chairman passes away
The British fashion brand Sosandar said that its non-executive chairman, Bill Murray, has passed away. “It is with great sadness that we learned of the passing of Bill over the weekend. He will be deeply missed by all who had the privilege of working with him. Bill has left a ...
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ArticleSkechers looks to produce in India as Q4 sales jump 14%
Skechers said it is planning to begin production in India, one of its fastest growing markets in the Asia Pacific region. Sales in the country displayed “particular strength” in the fourth quarter of 2022, as the company’s overall top line jumped by 13.5 percent to $1,878.8 million billion to reach ...
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ArticleMicam attracts 64 Brazilian brands
Sixty-four Brazilian footwear brands will be present at Micam, the trade show held from Feb.19 to 22 at the Fieramilano Rho exhibition center at the outskirts of Milan. The brands’ presence is supported by Brazilian Footwear, a program to promote footwear exports established by the Brazilian footwear association, Abicalçados, in ...
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ArticleEmerging designers: An overview of innovative footwear design at Micam
In the run-up to the 95th edition of the Micam footwear show in Milan, here is a brief overview of the twelve emerging designers who will be doing their second go-round on their dedicated stand in the new MicamX area between Feb. 19 and Feb 22. Now in its fourth ...
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ArticleGeox eyes operating profit as 2022 sales jump 21%
Geox said it expects to post an operating profit in 2022 after three years in the red, as it benefits from higher-than-expected sales and a restructuring that has allowed it to cut costs and channel investments to more strategic areas of its business. According to preliminary figures from the Italian ...
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ArticleLloyd reports strong sales increase, expects to return to pre-Covid sales in 2023
Lloyd Shoes posted a strong sales growth in 2022 and anticipates a bright year ahead. The German shoe maker recorded a 47 percent increase in sales in 2022 to €114.95 million, driven by improvements across all business areas, and expects to return to pre-pandemic sales levels in the current ...
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News briefs
Prada was the hottest brand in Q4
For the first time, Prada was the hottest brand in the world the fourth quarter of 2022, overtaking Gucci that slipped into second position, according to The Lyst Index. Moncler surged to third position from 17th in the fourth quarter and Miu Miu, which is part of the Prada Group, ...
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News briefs
Ara Shoes creates a new sales position to serve retail partners
Ara Shoes reshuffled its sales team, appointing Sven Krafft to the newly created position of “sales manager for specialist retailers Germany” effective from Jan. 1, 2023. With the organizational overhaul, the German shoe company aims to strengthen the specialist trade division in the country following the introduction of the ...
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News briefs
LVMH’s FY fashion and leather goods organic sales up 20%
LVMH saw organic sales of its fashion and leather goods division rise by 20 percent in 2022. On a reported basis, the division of the French luxury goods conglomerate posted increased sales by 25 percent to €38.648 billion. The division’s full-year profit from recurring operations grew by 22 percent to ...
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News briefs
Castañer’s FY sales rise 25%
Castañer posted a 25 percent increase in revenues to €24 million in 2022, lifting the top line of the Spanish footwear company back to pre-Covid-19 levels. The company noted that online sales grew by more than 20 percent year-over-year.
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News briefs
Dee Ocleppo teams up with Titan Industries
Dee Ocleppo Hilfiger, the U.S. American fashion designer and entrepreneur married to Tommy Hilfiger, has joined forces with Titan Industries to expand her Dee Ocleppo collection. The partnership will start with footwear and expand into other categories, including handbags. Titan will oversee sourcing, manufacturing and logistics to expand the brand ...
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News briefs
Paco Rabanne dies at 88
The Spanish designer Paco Rabanne passed away on Feb. 3, 2023, at the age of 88, announced Puig, the Spanish group that owns the brand’s fashion and fragrance businesses. Rabanne died in the village of Portsall, in the French region of Brittany, where he lived. Born in Spain on Feb. ...
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News briefs
Nike launches a sneaker with Tiffany
Nike and Tiffany & Co. are releasing a Nike x Tiffany & Co Air Force 1 1837 sneaker, with a limited-edition sterling silver accessories range. The collaborative sneaker, made of black suede, features a Tiffany Blue-colored swoosh and sterling silver badges over each heel. The accessories include a shoe horn, ...
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News briefs
Adidas launches a new label
Adidas has launched a new label, Adidas Sportswear, “curated to serve the next generation.” The spring/summer release includes a reimagined tracksuit, a silk-like striped dress and a shoe made in part with recycled materials. Designed for everyday wear but described as “sporty in essence” the pieces come with added performance ...
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News briefs
JD Sports leaves South Korea but plans major expansion in U.S. and Europe
JD Sports Fashion is leaving South Korea after five years in the market, according to multiple press sources. The decision has reportedly been made in connection with the negative impact of the Covid-19 pandemic. The British sporting goods retailer operated in South Korea through a partnership with Shoemarker, and opened ...
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News briefs
Aku posts 28.6% sales growth in 2022
Aku posted revenues of €29.2 million in 2022, representing a 28.6 percent increase from the previous year, primarily driven by international sales. Export accounted for 82 percent of the company’s sales. Europe recorded a 14 percent sales increase, while Asian sales jumped by 99 percent. In 2022, the Italy-based outdoor ...
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ArticleGo Sport France and Kookaï go into receivership
Go Sport France and Kookaï have been placed into receivership as some French retailers continue to suffer from the impact of the Covid-19 pandemic and competition from online businesses. Meanwhile, Pimkie is expected to be sold soon with the loss of about 500 jobs. On Feb. 2, 2022, a Grenoble-based ...
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News briefs
Nike sues Lululemon for alleged patent infringement in footwear
Nike Inc. is suing Lululemon Athletica, claiming that at least four of Lululemon’s footwear products infringe its patents. In a complaint filed in Manhattan federal court, Nike alleges that Lululemon’s Blissfeel, Chargefeel Low, Chargefeel Mid and Strongfeel sneakers infringe on Nike’s patents related to its Flyknit technology, with reference to ...
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News briefs
Pakistan's inflation at 48-year high
Pakistan’s consumer prices grew by 27.6 percent on a year-on-year basis in January compared to an increase of 24.5 percent in the previous month and a 13.0 percent rise in January 2022, according to the Pakistan Bureau of Statistics. It was the highest annual inflation rate since May 1975. Month-on-month, ...
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News briefs
Florence buys an Italian shirt maker
Gruppo Florence, an Italian holding company that owns suppliers to the luxury goods industry, has acquired Sipaff, an Italian producer of luxury shirts. Financial details of the acquisition were not disclosed. Sipaff produces over 250,000 shirts a year and is expected to post annual revenues of about €14 million. Sipaff ...
