Product & Marketing – Page 165
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News briefs
Crocs releases 2021 ESG report
Crocs has released its 2021 environmental, social and governance (ESG) report, highlighting its efforts and plans to improve sustainability topics. As announced last year, the U.S footwear company plans to have become net zero and cut half of the emissions occurring during shoe production by 2030. Furthermore, Crocs wants to ...
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News briefs
Gucci to accept cryptocurrency payments
Gucci will begin to accept payments in cryptocurrencies in a selection of its U.S. stores at the end of May. The Italian fashion house owned by the French luxury goods conglomerate Kering will initially allow payments for purchases in cryptocurrencies in the following stores: Gucci Wooster in New York, Rodeo ...
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ArticleWeyco Q1 sales nearly double in Q1
Weyco Group’s revenues reached $81.4 million in the first quarter ended March 31, a record for the period and nearly double the $46.9 million seen the year earlier, when sales were heavily impacted by the Covid-19 pandemic. Revenues were 10 percent higher than the first quarter of 2019, ahead ...
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News briefs
German firms have difficulties in replacing Russian, Ukrainian imports
German companies are finding it difficult to replace imports from Russia, Ukraine or Belarus, according to a survey by the research institute ifo. Only 13.8 percent of industrial companies with problems sourcing from these countries would be able to completely replace their sources of supply in the short term. For ...
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ArticleFrench shoe exports grow faster than imports in 2021
In 2021, French footwear exports rose by 15 percent to €4.0 billion compared with 2020, when trade was affected by the outbreak of the Covid-19 pandemic, while imports grew by 12 percent to €6.7 billion. The sector continued to suffer a trade deficit, with exports only covering 59 percent of ...
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News briefs
G-III buys the Karl Lagerfeld brand
The U.S. fashion group G-III Apparel Group has entered into an agreement to purchase an 81 percent stake in fashion brand Karl Lagerfeld for €200 million from a group of private and public investors, led by Fred Gehring of Amlon Capital BV. The acquisition includes Karl Lagerfeld’s 10 percent stake ...
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News briefs
EU further criticizes Apple over use of Apple Pay
The European Commission has informed Apple of its preliminary view that the U.S. technology group has abused its dominant position in markets for mobile wallets on iOS devices. By limiting access to a standard technology used for contactless payments with mobile devices in stores, Apple has restricted competition in the ...
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News briefs
Gordon & Bros in license deal with Baldessarini
The men’s fashion brand Baldessarini has inked a long-term license deal with German shoe manufacturer Gordon & Bros for the development, production and sale of a men’s footwear collection. The first step in the partnership is a collection targeted at the premium market segment, focusing on formal business shoes ...
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News briefs
Take Off opens six stores in Italy
The Italian apparel and footwear retailer Take Off is opening six stores in Italy with sizes varying from 60 to 260 square metres. The stores will be located in Lombardy, Calabria and Puglia and will represent a combined floor space of more than 800 square meters. Two stores will be ...
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ArticleAldo’s North American creditors approve its restructuring plan
Aldo Group said that its North American creditors have voted in favor of its restructuring plan, almost two years after the footwear and accessories company filed for protection under Canada’s Companies’ Creditors Arrangement Act. However, the outcome of the procedure remains conditional to the creditors’ agreement for the international division, ...
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ArticleGrendene’s sales driven lower by Brazilian market
Grendene’s first-quarter gross revenues fell by 2.1 percent to 630.8 million reais (€120.3m) driven by an 8.9 percent drop in domestic sales to R$429.9 million (€82.0m), partially offset by a 16.4 percent increase in export revenues to R$200.9 million (€38.3m). Brazilian sales were affected by a challenging economic environment, characterized ...
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News briefsChaco incorporates sandal webbings made from Repreve fibers
Chaco, a U.S. outdoor lifestyle footwear brand owned by Wolverine Worldwide, is underlining its commitment to sustainability by using sandal fabric tapes made from 100 percent recycled Repreve materials. Chaco is partnering with Unifi, whose Repreve fibers are the result of reusing 31 billion plastic bottles to date, which are ...
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News briefsNike to launch glue-less shoes in June
The Nike ISPA team (Improvise; Scavenge; Protect; Adapt), which experiments with new, unorthodox products and manufacturing methods, will introduce a new shoe model this spring that showcases the brand’s innovative capabilities and offer a glimpse into the future of circular design: The Nike ISPA Link. And in 2023, the next ...
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News briefs
Amazon's operating income tumbles
Amazon’s first-quarter revenue rose by 7.3 percent year-over-year to $116.44 billion. Operating income, however, decreased to $3.7 billion and net loss was $3.8 billion. On a diluted basis, this resulted in a loss per share of $7.56.According to Amazon, this was mainly due to a $7.6 billion loss from the ...
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ArticleSteve Madden lacks visibility for year end
After posting stronger-than-expected first-quarter revenues, Steve Madden warned that it suffers a lack of visibility about the fourth quarter of 2022 due to the potential headwinds stemming from the macroeconomic environment. Despite renewed lockdowns in China, due to the country’s zero-Covid policy, the U.S. footwear and apparel company has not ...
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News briefsStella’s Q1 revenues up 26%
In the first quarter of 2022, Stella International increased revenues by 26.3 percent to $383.3 million from $303.4 million a year earlier, driven by higher orders from its manufacturing business, which led to full utilization of its production capacity. Manufacturing revenues grew to $374.6 million from $299.8 million and shipment ...
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News briefs
German consumer confidence at record low
German consumer confidence in May is expected to fall to -26.5 points from -15.7 in April, revised down from a preliminary -15.5 points, according to the market research group GfK. Both economic and income expectations along with the propensity to buy have noticeably declined. “As a result, consumer sentiment plunged ...
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News briefs
Wildling launches limited edition summer shoe
The German shoe maker Wildling Shoes, which manufactures minimalist footwear using sustainably sourced materials according to ethical manufacturing practices, is launching a limited edition shoe for the summer season. The company designed the new model, called Aigul (Kyrgyz for moon flower) with the artist collective Folkdays. The organic cotton ...
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SponsoredEverything in One Place: GORE-TEX brand Presents New Online Tool GORE-TEX ONE for Retailers and Brand Partners
With the new GORE-TEX ONE Portal, the GORE-TEX brand is taking collaboration with retailers and brand partners to the next level.
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News briefsTimberland expands Timberloop recycling program to Europe
Timberland has extended the Timberloop take-back program to the U.K., Germany, France and Italy, with more European markets to follow. The recycling program allows consumers to return their worn Timberland footwear, apparel or accessories to a Timberland store or through a prepaid shipping option. Returned products are either repaired/refurbished for ...
