Product & Marketing – Page 14
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News briefs
Softstar Shoes acquires SOM Footwear
Softstar Shoes, an Oregon-based footwear company celebrating its 40th anniversary, has acquired Sense of Motion (SOM) Footwear, a producer of outdoor minimalist footwear located in Montrose, Colorado. No financial details were released. Softstar Shoes is a certified B Corp that has been designing and handcrafting minimal leather footwear in the ...
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News briefs
Worldly to integrate Material Exchange’s AI sourcing assistant
Material Exchange’s AI sourcing assistant, Frank the bear, will integrate with Worldly, a US sustainability data and analytics platform for the consumer goods industry. Worldly comprises a network of over 40,000 global customers across apparel, footwear, home furnishings, outdoor sporting goods and industries. “Worldly provides deep visibility into environmental and ...
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ArticleAuthentic Brands Group takes over Guess
Guess has agreed to be taken private by a group of investors including Authentic Brands Group (ABG) in a deal valuing the American apparel company $1.4 billion, including debt. Under the terms of the deal, some of Guess’ existing shareholders, including Paul Marciano, Maurice Marciano, Nicolai Marciano and the company’s ...
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News briefs
Caleres appoints a new Chief Human Resources Officer
On Aug. 15, Caleres announced that Kathleen Welter has joined the company as Chief Human Resources Officer. She will oversee all human resources functions for the company’s portfolio of brands and its more than 9,000 associates worldwide, including recruitment, talent management, training, culture, compensation, benefits and labor law compliance. Welter ...
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News briefs
Vulcabras’ domestic sales surge
Domestic sales at the Brazilian footwear group Vulcabras grew by 19 percent to 861.2 million (€136.5m) in the second quarter of 2025, while revenues outside the country dipped by 10.4 percent to R$33.6 million (€5.3m). The group reported a 153 percent year-over-year increase in quarterly net income to R$353.3 million ...
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ArticleBirkenstock’s sales lifted by higher volumes and average selling price
In the fiscal third quarter ended June 30, Birkenstock Holding, the UK-based parent company of the German sandal maker, posted revenues of €635.0 million, up by 12 percent on a reported basis and by 16 percent in constant currency rates compared to the previous year. Revenue growth was supported by ...
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News briefs
Shoe Zone halves its earnings guidance again
Shoe Zone halved its full-year guidance for adjusted profit before tax to approximately £2.5 million pounds (€2.9m) from previous expectations of £5.0 million due to poor trading conditions. It also withdrew its current dividend policy. The financial year of the British footwear retailer ends on Sept. 27. In December 2024, ...
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News briefs
Gildan buys HanesBrands
The Canadian fashion group Gildan Activewear has entered into a definitive merger agreement to acquire HanesBrands, a US apparel brand. The transaction implies an equity value of approximately US$ 2.2 billion and an enterprise value of approximately $4.4 billion. Under the terms of the merger agreement, HanesBrands shareholders will receive ...
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ArticleGabor launches a new brand strategy, cuts jobs at its Portuguese plant
The German footwear manufacturer Gabor Shoes is revamping its brand identity for the spring/summer 2026 season in a bid to expand its international footprint and customer base. The new brand strategy, “Gabor One,” aims to unify its digital and physical presence across products, packaging and marketing materials, with a focus ...
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ArticleWolverine launches a junior board
Wolverine Worldwide launched an inaugural junior board, an advisory body consisting of 11 early-career professionals “responsible for elevating the voices and perspectives of the company’s emerging talent and further strengthening its culture of innovation and collaboration,” according to a statement. The members of the junior board were selected after an ...
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ArticleSabu reports steady performance for 2024 after a record 2023
The German shoe retail cooperative Sabu reported stable results for 2024, with its wholesale unit, Sabu Schuh & Marketing GmbH, posting a sales drop following record figures in 2023, while Unitex GmbH saw an increase in sales. Sabu said it was satisfied with the overall performance and confirmed that member ...
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News briefs
Brazil to set up R$ 30bn credit line to help firms hit by US tariffs
The Brazilian President, Luiz Inacio Lula da Silva, said that he will authorise a 30 billion Brazilian reais ($5.5 billion dollars) credit line to help local companies hit by US import tariffs. The financial support will go mainly to small companies, the larger ones being more resilient, Lula added. The ...
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ArticleYue Yuen’s manufacturing business underpins revenues
Yue Yuen recorded higher shipment volumes, driven by increased orders from multiple brands in the first half of 2025, as well as a rebound in average selling prices. However, the world’s largest manufacturer of footwear was again saddled with uneven production leveling and higher labor costs, both of which ...
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ArticleSkechers surprises with strong Q2
After a varied start to the year, Skechers surprised with strong momentum in the second quarter – thanks mainly to a boom in demand in Europe and positive currency effects. While US markets are stagnating and China is weakening, the company is benefiting from its strong international presence. Sales rose ...
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ArticleTrump extends tariff truce with China for 90 days
The US president, Donald Trump, has extended the trade tariff truce with China for 90 days, which was due to expire Aug. 12. The new deadline for the world’s two largest economies to reach a trade agreement is now Nov. 10. “I have just signed an Executive Order that will ...
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News briefs
Tamaris opens its first own store in Spain
Tamaris, a brand of the German footwear manufacturer and distributor Wortmann Group, is stepping into the Spanish market with the opening of its first monobrand store in the Iberian country. Following its expansion into France and Switzerland, with this new opening, Tamaris continues its expansion in Southern Europe. ...
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News briefs
German footwear retailer Hans Leinweber dies at 84
Hans Leinweber, a veteran of German footwear retailing, has died at the age of 84 after a long illness. As the third-generation managing partner of the Berlin-based AS Group, Leinweber played a central role in shaping and expanding the company over several decades. Born in 1940 into a ...
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ArticleAzzas 2154’s adjusted footwear sales rise slightly
The Brazilian footwear and apparel group Azzas 2154 said that gross revenues for its footwear and accessories business unit fell by 2.0 percent in the second quarter of 2025 compared to the year earlier, reaching 1,105 million reais (€173.2m). But, when adjusted to only continued brands, the top line of ...
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ArticleAlpargatas’ Q2 earnings surge
In the second quarter, Alpargatas posted net sales of 1.101 billion Brazilian reais (€174.0m), up 8.3 percent, with the key Havaianas brand also rising by 8.3 percent to R$ 1.090 billion. The Brazilian footwear group sold 48.8 million pairs during the three months ended June 30, representing a 5.7 percent ...
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ArticleGrendene’s Q2 sales driven higher by exports
In the second quarter of 2025, Grendene’s gross revenues rose by 25.1 percent year-over-year to 756.2 million Brazilian reais (€119.6m), thanks to an 88.0 percent rise in international sales to R$ 183.7 million (€29.0m) and a 13.0 percent rise in domestic sales to 572.5 million (€90.5m). The volume of pairs ...
