Product & Marketing – Page 159
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News briefs
Frasers hikes stake in Hugo Boss
Frasers Group, the parent company of Sports Direct, has increased its investment in Hugo Boss. The company now has 3,425,000 shares of common stock in the German fashion group, representing 4.9 percent of its total share capital. It also holds 18,289,000 shares via the sale of put options, representing 26.0 ...
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ArticleEU to use trade agreements to promote sustainability
The European Commission said that it took ”a major step in making EU trade greener, fairer and more sustainable” thanks to a new plan to enhance the contribution of trade agreements in protecting the climate, environment and labor rights worldwide. In a communication on “The power of trade partnerships: together ...
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News briefs
Superfeet introduces hiking-specific Adapt insoles
Insoles manufacturer Superfeet has expanded the Adapt family of insoles by introducing Adapt Hike Max. Designed specifically for hiking, these insoles use the Adapt collection’s patented Adaptive Comfort Technology, and they are made with two layers of Superfeet’s Aerolyte foam. The Adapt Hike Max Insoles are the first hiking-focused insoles ...
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ArticleJD Sports’ FY earnings surge
In the full year ended Jan. 29, JD Sports Fashion’s basic earnings per ordinary share rose to 7.17 pence (8.4 euro cents) from 4.61 pence as revenue grew to £8.563 billion (€9.977 bn) from £6.167 billion. Adjusted earnings per ordinary share doubled to £12.84 pence (€14.90) from 6.44 pence. The ...
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ArticleC-Suite interview: Safety Jogger to launch a workwear collection in November
Safety Jogger, the leading brand of the Belgian footwear and apparel company Cortina, is diversifying into workwear after having entered the outdoor market with the Safety Jogger Adventure footwear collection launched in May. The workwear range, which will include 6,000 stock-keeping units (SKUs) of footwear, apparel and accessories, will be ...
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News briefs
Walmart has a controlling stake in AI robotics automation provider
The U.S. retailer Walmart has a 62.2 percent stake in Symbotic, a provider of artificial intelligence-enabled robotics automation technology, according to a filing with the US Securities and Exchange Commission. On June 8, Symbotic became a listed company on Nasdaq through a merger with the special purpose acquisition company SVF ...
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News briefs
The Natural Fibers Alliance calls for suspension of Higg Index
In the wake of the recent New York Times article “How fashion giants recast plastic as good for the planet,” the Natural Fibers Alliance (NFA) is campaigning for an immediate suspension of the use of the Higg Index. Since its implementation in 2012 by the Sustainable Apparel Coalition, the ...
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ArticlePrimark to trial a click-&-collect service in the U.K.
The clothing, shoe and accessories retailer Primark is making its first move into online shopping in the U.K., where it will trial a ‘click-and-collect’ service as it reported a sharp rise in third-quarter sales. The company, owned by Associated British Foods (ABF), is launching the trial at 25 stores in ...
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News briefs
Bata aims to double its Italian franchise network in 3 years
Bata, the Lausanne-based shoemaker plans to increase the number of its stores in franchising from about 90 currently to 200 by the end of 2024. The expansion of the network will focus on opening stores in the center of towns with a population of 40,000-80,000. The brand is also interested ...
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ArticleExpo Riva Schuh continues to expand its International reach
The summer edition of Expo Riva Schuh & Gardabags, which was held from June 11 to 14 in Riva del Garda, Italy, was a vibrant event and a throwback to the pre-pandemic days when trade shows were paramount in aggregating the footwear business community. Obviously, the trade fair continued to ...
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ArticleEl Naturalista enjoys a strong rebound with its summer collection
El Naturalista’s summer collection is benefiting from a 26 percent increase in sales compared with the previous year as the Spanish brand owned by The Art Company rebounds from the dip caused by the Covid-19 pandemic. In 2019, the company, which is owned by five shareholders, of which three are ...
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ArticleSioux looks forward to returning to direct personal contacts at trade shows
In an exclusive interview wih Shoe Intelligence, Lewin Berner, the CEO of the German footwear company Sioux, explains the reasons behind the decision to manage distribution directly in the Benelux, his view on the war in Ukraine after Russia’s invasion on Feb. 24, the return of the company’s presence in ...
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ArticleHow a fast-growing Italian footwear e-tailer started as a game for two Millenials
Quanticlo, an Italian fast-fashion online company founded eight years ago, reached €5 million in revenues in 2021, growing by 58 percent from its pre-pandemic level of 2019. The brand targets further growth by strengthening its presence in its core European markets and building up consumer awareness. “Quanticlo started by chance ...
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News briefs
Icebug makes sneakers from other brands’ leftovers
Habit.se reported that the Swedish footwear brand Icebug has expanded its activity of producing shoes with the leftovers of textile brands. The company had manufactured a shoe whose upper was made of wool scraps from Woolpower’s underwear production. The website wrote that a pair of sneakers has now been made ...
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News briefs
Spartoo says 150 merchants are using its TooPost service
Spartoo, a French online retailer, said that 150 e-merchants have chosen its TooPost transport solution service. The service covers about 15 destinations in Europe thanks to relationships built with more than 20 local postal services. TooPost offers an end-to-end transport service that can deliver more than 4 million packages every ...
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News briefs
New Balance sues Steve Madden for alleged copyright infringement
New Balance Athletics has filed a design patent, trademark infringement, and unfair competition case, claiming that Steve Madden deliberately copied its 327 sneaker model with the launch of the “Chasen” shoe model. The complaint was filed in a Massachusetts District Court on June 7. New Balance introduced the 327 design ...
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News briefs
Adidas sues Nike over alleged technology infringements
After Nike last sued Adidas in December 2021 over its Flyknit knitted upper technology, claiming that a total of 49 Adidas shoe models infringed its technology, the German sporting goods company is now accusing the American company in federal court in Texas of “knowingly and intentionally” infringing nine patents related ...
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News briefsHoka launches a new global marketing campaign
Hoka, a division of Deckers Brands, is launching a new global brand platform, Fly Human Fly. With the brand’s most comprehensive globally integrated marketing campaign to date, Hoka invites runners of all abilities to experience running as a place of joy, optimism and unlimited possibilities. Fly Human Fly is designed ...
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News briefs
ANWR Group to add 2,500sqm to Mainhausen order center for new showrooms
ANWR Group announced plans to add a new building to its existing Ordercenter O1 on the Mainhausen Campus in Germany. Following the building permit submission, the symbolic groundbreaking ceremony is scheduled for October 2022, with completion planned for December 2023. Showrooms ranging in size from 100 to 500 square meters ...
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ArticleBoohoo Q1 sales slip but company sees better second half
Boohoo reported a fall in first-quarter sales amid tougher trading conditions due to higher returns amid falling consumer confidence. The U.K. online fashion group, which sells clothing, shoes, accessories and beauty products, saw revenues fell by 8 percent to £445.7 million (€520m) in the three months to May 31. Like ...
