Product & Marketing – Page 132
-
News briefs
Legero United fills key management positions
The Austrian-based footwear group Legero United has filled further key positions within its management team. Anna Carbonari, a shoe professional who has been with Legero United since 2011, took over sales management for the entire DACH region, which covers Germany, Austria and Switzerland, including the company’s own-brand stores, as ...
-
News briefs
U.K. competition regulator to probe Farfetch purchase of YNAP stake
The U.K.’s competition regulator is probing Farfetch’s deal to buy a stake in the online retail business Yoox Net-a-Porter (YNAP) from the luxury goods giant Richemont. The Competition and Markets Authority (CMA) is now examining whether the deal to sell a 47.5 percent stake in YNAP to the online retailer ...
-
ArticleBoot Barn continues with openings as new stores drive 6% Q3 sales growth
Boot Barn expects to open 10 more stores in the fourth quarter ended April 1, 2023, bringing new openings in the full financial year to 43, as it sets its sights on expanding its future store count to about 900, nearly triple its current level. New stores were responsible for ...
-
News briefs
JD Sports is the target of a cyber attack
JD Sports Fashion said that it has been the target of a cyber incident which resulted in the unauthorized access to a system that contained customer data relating to some online orders placed between November 2018 and October 2020. The affected JD Sports group brands are JD, Size?, Millets, Blacks, ...
-
ArticleFerragamo posts weak Q4 sales due to China
Salvatore Ferragamo’s total full-year revenues reached €1.252 billion, up by 10.2 percent year-on-year on a reported basis and by 5.7 percent at constant currency rates. Total revenues were dented by a €25.7 million hedging loss and missed market expectations by about €20 million due to a weak final quarter. The ...
-
ArticleH&M posts a Q4 loss on higher costs
In the fiscal full year ended Nov. 30, H&M’s net profit fell to SEK 3.566 billion (€318m) from SEK 11.010 billion a year earlier, after posting a loss of SEK 864 million (€77m) in the fourth quarter compared with a profit of SEK 4.621 billion a year earlier. Financial analysts ...
-
News briefs
Julian Hermsdorf takes the helm of Living Kitzbühel, replacing Dieter Klingenberg
Footwear professional, designer and entrepreneur Julian Hermsdorf joined the Austrian slipper brand Living Kitzbühel as managing director, at the beginning of the year. Hermsdorf comes from the Munich-based sneaker label Monaco Ducks, which he founded with Carl Warkentin in 2014 and where he is now a member of the ...
-
News briefs
Sabato De Sarno becomes Gucci’s creative director
Sabato De Sarno has been appointed Gucci’s creative director. He will present his debut runway collection at Milan Women’s Fashion Week in September 2023, announced Kering, the parent company of the Italian fashion house. In his new role, De Sarno will lead the house’s design studio reporting to Marco Bizzarri, ...
-
News briefs
Nov.ita to distribute Fubuki in Italy
Nov.ita has announced that it will distribute the Japanese winter boots brand Fubuki in Italy. Based in Turin, Nov.ita is already the Italian distributor for Camelbak and Buff, among other brands. Fubuki was founded in 2019 in Niseko, Japan, by Kalle Norman and Christofer Ljunggren. The brand is currently sold ...
-
News briefs
Foot Locker to wind down Sidestep
Nine-and-a-half years after acquiring the sports fashion footwear chain as part of its deal for the Recklinghausen, Germany-based Runners Point Group, Foot Locker has decided to shutter Sidestep’s operation that currently consists of several dozen stores across Germany, Austria, the Netherlands, and Switzerland. In February 2019, Foot Locker operated 80 ...
-
ArticleZenden plans to expand its Russian retail network in 2023
Russia’s main shoe retailer Zenden announced plans to add 50 doors to its store network in 2023, taking advantage of the gaps in the market left by the withdrawal of Western brands. Currently, Zenden runs 250 brick-and-mortar stores in Russia, located primarily in the largest cities of the European part ...
-
News briefs
Aeffe’s full-year footwear, leather goods sales up 17%
Aeffe, the Italian fashion house that owns the footwear brand Pollini, saw its 2022 sales rise by 8.4 percent to €352 million. At constant currency rates, the top line grew by 7.7 percent. Sales of the footwear and leathergoods business reached €163.6 million, up by 16.9 percent both on a ...
-
ArticleTod’s breaks through €1 bn sales threshold, sees ‘excellent’ start to 2023
Diego Della Valle, the chairman and CEO of Tod’s, said he is “very confident” about future results of the Italian footwear company due to an “excellent” start to 2023 in stores and the solidity of its order portfolio for next season. Della Valle’s optimism came as Tod’s announced preliminary results ...
-
News briefs
Russian cut spending in footwear
A vast majority of Russians cut spending on clothes and shoes in the second half of 2022, according to a survey conducted by the local analytical agency A2: Research. The bulk of those surveyed, about 44 percent, reduced their spending by 20 to 30 percent compared to the previous year. ...
-
ArticleZegna’s Q4 revenues dip 0.5% but shoes post ‘exceptional performance’
The Italian fashion house Ermenegildo Zegna generated revenues of €407 million in the fourth quarter of 2022, down by a reported 0.5 percent on the year earlier and 2.9 percent lower at constant exchange rates, as sales were hit by new Covid-19 restrictions affecting the Greater China region. The owner ...
-
ArticlePrimark posts a rise in Christmas sales
Primark reported a rise in Christmas sales as consumers continued returning to city shopping centers and retail parks after the easing of Covid-19 restrictions. Revenues in the 16 weeks to Jan. 7 stood at £3.145 billion (€3.562 bn), up by 18 percent on a reported basis and by 15 percent ...
-
News briefs
Indonesia and EU aim to reach a free trade deal in 2023
The European Union and Indonesia aim to conclude a free trade agreement by the end of 2023 despite numerous trade disputes, said Vincent Piket, the EU’s ambassador in Jakarta. Piket told journalists that European Commission’s President Ursula von der Leyen and the Indonesian President Joko Widodo had decided in the ...
-
News briefsTHG appoints a new CFO
On Jan. 24, THG appointed Damian Sanders as chief financial officer (CFO) with immediate effect. Sanders takes over as CFO from John Gallemore, who has been appointed chief operating officer (COO). Sanders has been a member of the board of the British online retailer for the past two years. He ...
-
News briefs
German consumer confidence continues to improve
In February, German consumer confidence is expected to rise by 3.7 points from January to -33.9 points, according to a preliminary estimate by the research institute GfK. “With the fourth increase in a row, the positive trend in consumer sentiment is consolidating. Even though the level is still very low, ...
-
News briefs
Shloop to open a production site in Mississippi
Shloop, a startup footwear manufacturer, is opening a manufacturing facility in Meridian, in the U.S. state of Mississipi. The $9 million investment is due to create 56 jobs. The footwear factory is located in a 32,000 square foot building dating back to the 1930s and started as a bakery. The ...
