Product & Marketing – Page 160
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ArticleAsos issues a profit warning as customer returns surge
Asos has warned that profits could slump to as little as £20 million (€23.4m) in the full year ending in August, down from more than £190 million a year earlier as rising inflation prompted customers to return more items. In an unscheduled trading update, the British online fashion retailer ...
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News briefs
THG rejects several takeover offers
THG, also known as the The Hut Group, said that it has received indicative proposals from ”numerous parties” in recent months, including an indicative non-binding proposal from a consortium led by Belerion Capital Group Limited and King Street Capital Management, which had already been rejected by the board of the ...
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News briefs
YouTube Shorts has 1.5 bn monthly users
YouTube, the U.S. online video sharing and social media platform owned by Google, said that its Shorts service now has over 1.5 billion active, signed-in monthly users. The service enables to show videos of up to 60 seconds. It started in test mode in September 2020, followed by a full-blown ...
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News briefsExpo Riva Schuh attracts more than 8,000 visitors
Expo Riva Schuh & Gardabags, which was held from June 11 to 14 in Riva del Garda, Italy, attracted more than 8,000 visitors from 103 countries. Visitors from Italy represented 34 percent of the total, followed by Germany (10 percent), France (6 percent), Spain (5 percent) and the United Kingdom ...
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ArticleTecovas poaches Deckers Brands’ CCO
Tecovas, an Austin-based western footwear, apparel, and accessories brand, announced that David Lafitte is joining the company as its chief executive officer starting June 27. Lafitte currently serves as chief operating officer at Deckers Brands, where he has led all global operations for the past seven years, including the brands ...
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News briefs
VDL urges to use leather to avoid microplastics
The German leather association VDL presented a strong case of using leather as a means to avoid microplastics, which are plastic particles smaller than 5 millimeters. In a statement, VDL noted that the most common sources of microplastic pollution are polypropylene (PP) in packaging materials and polyethylene terephthalate (PET) used ...
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News briefs
Zalando buys Highsnobiety
Zalando has acquired a majority stake in Highsnobiety, a German media brand. No further details were released about the transaction. Highsnobiety was founded in Berlin in 2005 by David Fischer as a blog. The company currently comprises a publishing arm, creative consultancy and a commerce platform. ”Teaming up with Highsnobiety ...
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News briefs
Timberland Construct: 10061 now available in the metaverse
In collaboration with Epic Games’ Unreal Engine and Conceptkicks, Timberland has unveiled an innovative design experience that blends the physical and virtual worlds. The partnership centers on Timberland Construct: 10061, which invites shoe lovers to immerse themselves in the universe of design, creation and innovation via a playable experience in ...
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News briefs
OrthoLite expands O-Therm range
OrthoLite announced the expansion of its thermal foam, OrthoLite O-Therm. Previously limited to a thickness of 2mm, the first and only aerogel-infused, open-cell PU foam cold block solution in the market is now available in a thickness range from 2mm to 20mm, providing a more customizable cold block solution for ...
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News briefs
Expo Riva Schuh attracts over 1,000 exhibitors
Expo Riva Schuh & Gardabags, scheduled from June 11 to 14 in Riva del Garda, Italy, will host more than 1,000 exhibitors from 41 countries. They will display collections, featuring some 4,000 products, over the 25,000 square meters of the fairgrounds. Italy, China, Turkey, India, Pakistan, Brazil, Spain, Portugal and ...
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News briefs
StockX defends itself against Nike
While online resale platform StockX continues to claim that Nike has a fundamental misunderstanding of NFT, as it originally argued, the company defended its anti-counterfeiting measures in response to Nike’s amended complaint. In a June 6 filing, StockX said the platform has one of the strongest authentication processes in the ...
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News briefs
Rocky Brands to cut non-manufacturing headcount
Rocky Brands will close the Boston office it obtained with the acquisition of Honeywell International’s lifestyle footwear business as well as cut the non-manufacturing headcount related to the acquired brands by approximately 13 percent. The actions are expected to result in $3.0-$4.0 million in annualized savings for the company that ...
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ArticleScarpa FY sales €134m, up 22%
Scarpa, an Italian producer of outdoor footwear, posted sales of €134 million in 2021, up by 22 percent year-over-year, following a 4 percent increase in 2020, as more people took up walking during the Covid-19 pandemic. Last year, the company achieved 82 percent of its revenues outside Italy. Its main ...
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ArticleInditex posts highest gross margin in a decade
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho, posted a 36 percent increase in revenues to €6.74 billion in the first quarter ended April 30 thanks to a strong performance across all geographies with the exception of Ukraine, Russia and China. The ...
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News briefs
Kohl’s in talks to be bought by Franchise Group
Kohl’s has entered into exclusive negotiations with Franchise Group for a period of three weeks. The decision comes after Franchise proposed to acquire the U.S. chain of department stores for $60.00 per share. The purpose of the exclusive period is to allow Franchise and its financing partners “to finalize due ...
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ArticleThe exodus of Western brands from Russia continues
CCC and Vagabond Shoemakers have recently joined a long list of companies that have suspended operations on the Russian market, after Russia invaded Ukraine on Feb. 24, which led to international sanctions against the country. CCC closed all brick-and-mortar stores and temporarily suspended its online store in Russia. Previously placed ...
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ArticleCCC’s sales and margins grow in Q1
In the fiscal first quarter ended in April, the CCC Group posted sales of 1.9 billion zloty (€413m), up by 33 percent from a year earlier, with e-commerce contributing to 55 percent of revenues. The group pointed out that it achieved growth in all segments and that its spring-summer collection ...
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ArticleDesigner Brands gains market share in North America
Designer Brands, the parent company of the footwear retailers DSW Designer Shoe Warehouse, Shoe Company and Shoe Warehouse, claims that it has gained market share in the U.S. and in Canada during the first quarter ended April 30 as it focuses on leading brands, as well as its own labels, ...
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Article
Lululemon’s shoe launch exceeds expectations
Lululemon, a Canadian producer of performance apparel for yoga, running and training, said that the response to the launch in March of its first shoe, Blissfeel, was ”enthusiastic” and exceeded expectations. The company plans to increase inventories after running out of stock. ”We introduced our first shoe, Blissfeel, in March, ...
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ArticleExpo Riva Schuh to hold 12 events focusing on sustainability, traceability, innovation
Expo Riva Schuh & Gardabags, scheduled from June 11 to 14 in Riva del Garda, Italy, will be hosting 12 events focusing on sustainability, traceability and innovation. The events will involve more than 40 speakers and guests and will be live streamed on the show’s platform from the opening day ...
