Product & Marketing – Page 162
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News briefs
Piquadro names Francesco Giovagnoni as general manager
The Italian leather goods group Piquadro has appointed Francesco Giovagnoni as its new general manager. Giovagnoni comes to Piquadro with a lengthy experience in the luxury goods sector, having held management positions at Sara Lee Branded Apparel, Bulgari, DBApparel, Damiani and Campo Marzio. He said this is a ”decisive moment” ...
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News briefs
Italy fashion sector revenues up by 19.3% in Q1
Revenues in Italy’s fashion sector in the first quarter of 2022 increased by 19.3 percent compared to the year earlier, above expectations of 14 percent growth, according to data from the research office of the trade association Confindustria Moda. In the same period, orders in the fashion sector were 15 ...
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News briefs
Timberland renews eyewear agreement with Marcolin
Timberland, the footwear brand owned by VF Corp, has renewed until December 2026 its license agreement with the Italian eyewear manufacturer Marcolin. The companies have worked together since 2003. Under the agreement, Marcolin oversees the design, production and global distribution of sunglasses and optical frames with the Timberland name. At ...
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News briefs
Chinese economic situation worse than in 2020
The Chinese Prime Minister Li Keqiang said that the country is facing a “critical moment” with difficulties that are worse, to a certain extent, than in 2020 when the Covid-19 pandemic emerged. China is tackling a resurgence of the pandemic and has applied a zero-Covid policy resulting in restrictions, including ...
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ArticleCaleres hikes sales, earnings outlook after record Q1
Caleres raised its guidance for revenues and profits for the full year after posting its best-ever first quarter for sales, gross margin and earnings. Sales in the three months ended April 30 grew by 15.1 percent to $735.1 million, comfortably above an analyst consensus for a top line of about ...
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News briefs
Camel Active Footwear licensee HC Footwear files for bankruptcy
HC Footwear, a unit of Hamm Market Solutions which holds the Camel Active license for footwear, has filed for bankruptcy. Supply chain disruptions, soaring freight costs and extended lockdowns drove the Osnabrück-based company into insolvency, HC Footwear said in a statement. The war in Ukraine and a decline in ...
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ArticleC-suite interview: Casteller to expand in the U.S., domestically to return to pre-pandemic levels
Casteller, the Spanish brand mainly known for its women’s shoes made with jute soles, aims to expand its presence in the U.S. as well as boost domestic sales to return to pre-pandemic levels. Despite recouping some of the revenues lost in 2020 because of the outbreak of the Covid-19 pandemic, ...
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News briefs
Nicowa launches a footwear, accessories collection
After opening at the end of last year an office in Verona to optimize production processes in northern Italy, Nicowa is expanding to include shoes and accessories for the autumn/winter 2022/23 season. Since April, Anna Boutachkova has been on board with the Munich womenswear label as head of design for ...
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ArticleWalmart to launch drone deliveries in 6 U.S. states
Walmart is expanding its drone delivery network to 34 sites by the end the year, providing the potential to reach 4 million U.S. households across six states – Arizona, Arkansas, Florida, Texas, Utah and Virginia. The service is done in partnership with DroneUp and will enable to deliver over 1 ...
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News briefs
Pakistan footwear exports up 11.5% in 10 mths
Pakistan exported 15.7 million pairs of shoes, up by 11.5 percent in volume, in the first ten months of the country’s fiscal year ending in June. Export revenues grew by 21 percent to $130 million over the period, according to the Pakistan Bureau of Statistics.
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News briefs
Designer Brands hires Doug Howe as head of DSW
Designer Brands has appointed Doug Howe as president of DSW Designer Shoe Warehouse and executive vice president of Designer Brands, effective late May. ”Howe’s appointment brings continued strength and momentum to Designer Brands putting customers, brands and speed at the forefront of the retailer’s 519 U.S. store locations and ...
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News briefs
Allbirds opens two stores in the U.S.
Allbirds, the B Corporation certified Californian brand of footwear and apparel, opened two stores in the U.S., bringing its global network to 43 units. The brand opened a new 3,975 square foot space retail store and community center in Fulton Market. It is its third store in the Chicago area. ...
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News briefs
Pimkie is up for sale
The Mulliez family, which also owns Decathlon and Auchan, has put up the French clothing retailer Pimkie for sale only a few months after hiring a turnaround specialist, Philippe Favre, as CEO to relaunch the banner. Pimkie said in a statement that the Mulliez family is seeking an external investor ...
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ArticleGlobal footwear prices are expected to rise significantly due to higher costs
On average, global shoe prices will increase by 8.4 percent over the next six months, with a maximum rise of 9.8 percent forecast for Europe and a minimum surge of 5.7 percent expected in North America, according to a survey of experts published in the latest Business Condition Survey of ...
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News briefs
Richemont’s sale of YNAP is taking time
Richemont said that talks involving third parties to restructure its online retailing unit Yoox Net-a-Porter (YNAP) are proceding ”well” but require time. In November 2021, Richemont announced that it was in advanced talks to enhance its partnership with Farfetch. At the time, the Swiss group unveiled that the deal under ...
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News briefs
THG rejects a takeover offer
THG, also known as the The Hut Group, turned down a 170 pence (201 eurocents) per share takeover offer made by the private equity firms Belerion Capital Group Limited and King Street Capital Management. The British online retailer said that it had received a “third unsolicited, highly preliminary and indicative ...
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News briefsWendy Yang steps down from Deckers Brands’ performance lifestyle division
Deckers Brands has announced that Wendy Yang will step down from her role as president of performance lifestyle at the end of the month after seven years of leading the Hoka and Teva brands. Stefano Caroti, president of omnichannel and a 30-year industry veteran, will assume Yang’s duties on an ...
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News briefsLowa’s 2021 revenues over €229m
The German mountain, outdoor and everyday footwear manufacturer Lowa has ended 2021 with record figures for both the number of pairs of shoes sold and revenues, thanks to the ongoing boom for outdoor equipment. Sales climbed from 2.49 million pairs in 2020 to 3.17 million pairs in 2021. Meanwhile, revenues ...
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ArticleVans posts no sales growth in Q4
VF Corp reported a revenue increase of 9 percent to $2.8 billion (€2.65bn) in the fiscal fourth quarter ended April 2, although sales at Vans were flat during the period at $991 million (€938m). Group sales were boosted by a 15 percent increase in the EMEA region and 12 percent ...
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ArticleDeckers’ FY revenues top $3 bn for first time, Hoka set to surpass $1 bn
Net income rose by 106 percent to $68,819,000 from $33,458,000 for the three months ended March 31 as total revenues grew by 31 percent to $736.0 million from $561.2 million. Operating income rose to 11.0 percent from 10.1 percent. Deckers Brands’ gross margin declined to 48.7 percent from 53.2 percent, ...
