Product & Marketing – Page 135
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News briefs
German clothing retailers plan to increase prices
German clothing retailers plan to increase prices in the near term, bucking the general trend for German companies, according to the think tank Ifo. The general Ifo price expectations index fell to 40.3 points in December from 46.2 points in November, indicating that fewer German companies are planning to raise ...
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News briefs
Pittards sells 100,000 treasury shares
Pittards said that on Jan. 6 it sold 50,000 treasury shares at a price of 58.25 pence (€0.66) per share and on Jan. 9 it sold another 50,000 treasury shares also at a price of 58.25 pence per share, raising gross proceeds of £58,250 (€66,000). Following the sale of treasury ...
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News briefs
Crocs sees 2023 revenues up 10-13%
Crocs expects record 2022 revenues of some $3.55 billion, up by 53 percent growth compared to 2021 and beating its latest guidance of a 49 to 52 percent rise. In the fourth quarter, revenues are estimated to be up by about 60 percent year-on-year. The company expects 2022 adjusted operating ...
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News briefs
Amazon to close 3 U.K. warehouses
Amazon plans to shut down three warehouses in the U.K. as part of a restructuring of its logistics business in the country. The closure of the warehouses located in Hemel Hampstead, Doncaster and Gourock will impact 1,200 jobs, but people will be given the possibility to transfer to other units. ...
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News briefs
Piquadro’s 9-month sales rise by 15.9%
In the nine months ended Dec. 31, Piquadro generated revenues of €126.8 million, up by 15.9 percent on the same period of 2021. By brand, revenues increased by 18.3 percent to €53.2 million for Piquadro, while The Bridge saw sales rise by 23.9 percent to €23.1 million and Lancel grew ...
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ArticleItalian shoemakers’ 2022 revenues rose by 13.2%
Italian footwear manufacturers estimated that in 2022 aggregate revenues rose by 13.2 percent compared with 2021 and were slightly above pre-Covid levels, up by 0.4 percent from 2019, when the industry’s sales totaled €14.3 billion. However, growth remains uneven, with 43 percent of companies expected to finish the year with ...
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ArticleNext lifts guidance as Christmas sales are more resilient than expected
Next lifted its full-year profit guidance as it reported better-than-expected sales over the Christmas period, but struck a cautious note on the outlook for the year ahead. Full-price sales rose by 4.8 percent year-over-year in the nine weeks to Dec. 30, £66 million (€74.5m) ahead of the company’s previous guidance ...
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News briefs
Cotélac obtains a safeguard procedure
Cotélac, a French ready-to-wear retailer, obtained a safeguard procedure on Jan. 4 from a Bourg-en-Bresse-based commercial court. The troubled company said that the procedure will provide it with protection from creditors in order to restructure its business after suffering a significant decline in trade due to various factors including ...
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ArticleStocks of U.S. footwear companies rebound in Q4
Trading remained very volatile in the fourth quarter of 2022 with the various clusters of our universe of stocks often fluctuating significantly compared with the previous three months. Overall, Shoe Intelligence’s selection of stocks continues to trend water, rising by just over 2 percent on average. Shares of Brazilian footwear ...
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News briefs
Meta not allowed to use personal data for advertising
Facebook owner Meta will no longer be allowed to use the personal data of its users in Europe for advertising personalization without being asked. This was the decision of the responsible Irish data protection authority DPC. At the same time, the authority imposed a fine of €390 million. According to ...
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News briefs
Re:store acquires fashion and lifestyle marketplace Trouva
Trouva, a London-based online marketplace focused on showcasing independent boutiques and brands focused on homewares, fashion and lifestyle, has been acquired by Cambridge-based startup Re:store from its previous owner, the clothing brand Next. Terms of the deal were not disclosed. In its press release, Trouva states that Re:store’s goal with ...
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News briefs
Germany requires Covid tests for travelers from China
Travelers coming into Germany from China will be required to present a Covid-19 test to enter the country, announced the German Health Minister Karl Lauterbach. Passengers from China must present “at least a rapid antigen test,” Lauterbach said in a note. At the same time, he added that there would ...
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News briefs
Amazon to lay off 18,000 people
Amazon will lay off over 18,000 employees, with the majority focused on Amazon Stores and the People, Experience, and Technology (PXT) organizations, announced Andy Jassy, the company’s CEO. The U.S. online retailer plans to start talking to employees or representative bodies from Jan. 18. “Amazon has weathered uncertain and difficult ...
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News briefs
First wave of Chinese Covid cases may peak on Jan. 13
A first wave of Covid-19 cases in China is expected to peak on Jan. 13 with 3.7 million cases a day, according to Airfinity, a British provider of global health intelligence and analytics. Deaths are estimated to peak 10 days later at approximately 25,000 a day. By that stage, China ...
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News briefs
China condems Covid tests on its travelers
China has condemned the imposition of Covid-19 tests by about a dozen countries for travelers from the country and has warned that “countermeasures” are possible. “Some countries have taken entry restrictions targeting only Chinese travellers,” Foreign Ministry spokesperson Mao Ning said during a regular briefing. “This lacks scientific basis and ...
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News briefs
Turkish inflation slows down
Turkish consumer prices rose by 64.27 percent year-on-year in December, slowing down from an 84.39 percent increase in November, according to the statistics office Tuik. Prices for clothing and footwear were up by 25.87 percent. It was the category that registered the lowest annual increase in December. Month-on-month, overall inflation ...
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News briefs
ANWR Garant Austria appoints a new managing director
ANWR Garant Austria is appointing a new managing director. On March 1, 2023, the former professional soccer player Andreas Mayer will succeed Georg Schachl, who will retire at the end of April. For the past five years, 48-year-old Mayer led the retail consulting department for the Sport 2000 Österreich ...
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ArticleCopenhagen launches in France
The German footwear and accessories brand Copenhagen Studios is entering the French market. After Denmark, Sweden, Norway, the Netherlands, Belgium, Austria, Switzerland and Italy, France is the ninth European market in which the label will expand its distribution network. From January this year, the label’s fall/winter 2023 collection will ...
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News briefs
Go Sport names a turnaround specialist at its head
About two weeks before Grenoble’s commercial court is expected to rule on the possible insolvency of Go Sport, its parent company Hermione, People & Brands (HPB) announced that Patrick Puy was appointed as the new general manager of the French sports chain, effective Jan. 4. Go Sport, based in Sassenage ...
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ArticleEmerging designer: Pineapples, grape-skins an apples step out in style in Id.Eight’s sneakers
Ideas come easy at Id.Eight. Which is to be expected when its two creators come from such a solid background in footwear design (him), and fashion marketing (her). He is Dong Seon Lee, from Seoul, South Korea, who built on his Fashion Design degree from KMU (Kookmin University) in 2005, ...
