Product & Marketing – Page 172
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News briefs
Hermes to open two new leather goods workshops in France
The French luxury goods group Hermès plans the construction of two additional leather goods workshops over the next three to four years in France, resulting in the hiring of 500 craftsmen. The new workshops will become the 23rd and 24th production sites of Hermès’ leather goods & saddlery division, all ...
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News briefs
EU bans exports of luxury goods to Russia
The European Union has toughened trade sanctions against Russia with the adoption of a fourth package of measures, which includes an export ban on luxury goods “to directly hit Russian elites”. The EU is sanctioning the country for ”its brutal aggression against Ukraine and its people.” The sanctions ”will further ...
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News briefs
EU to guarantee convertibility of Ukrainian currency
European Union authorities are studying the possibility of guaranteeing the convertibility of Ukraine’s currency, the hryvnia, into the currencies of EU member states, according to the French Economy Minister Bruno Le Maire. France currently holds the rotating presidency of the EU. Le Maire noted that many Ukrainians fleeing the Russian ...
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ArticleClarks hires the head of Champion as its new CEO
Clarks announced that Jonathan Ram will be its new CEO in April, taking the place of Victor Herrero. Ram will be leaving the U.S. clothing group HanesBrands, where he is president of global activewear, on March 31 to join the British shoemaker. Ram already spent more than four years in ...
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ArticleItalian shoemakers ask for aid to mitigate the impact of Ukrainian war
The Italian footwear association Assocalzaturifici is asking for state aid to mitigate the negative impact Russia’s invasion of Ukraine has had on business. “We feel like we are back in March 2020, in the middle of the pandemic,” said the president of Assocalzaturifici, Siro Badon, during a roundtable at Micam, ...
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News briefsFidlock unveils concept sneaker with Fidlock Winch system
On March 10, Fidlock, the German company specializing in innovative magnetic fasteners, unveiled a brand new Concept Sneaker with the innovative Fidlock Winch closure/adjustment system. The sneaker, an athletic shoe with the new Winch closure, will not be available to the public, but serve as a showcase for potential collaborations. ...
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News briefsSanuk celebrates 25 years with 90s limited edition sandals
Californian footwear brand Sanuk is celebrating its 25th anniversary with a small collection of Furreal beach sandals sporting the signature colorful and fun look of the brand’s early days. The limited-edition anniversary pack includes four styles featuring soft top foam footbeds that are manufactured with recycled materials, reground EVA foam ...
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News briefs
Skechers plans experiential store in metaverse's fashion district
Lifestyle brand Skechers is entering the metaverse. According to a company release, the Californian brand is the first to sign a lease in the fashion district of Decentraland. Michael Greenberg, president of Skechers, states that the new investment helps to explore “creative ways for our brand to engage with new ...
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News briefs
Job portal for Ukrainian refugees
Thousands of refugees from the war zone in Ukraine are currently forced to settle in new places and are looking for a way to earn a living. To help with this, www.jobaidukraine.com, an initiative for Ukrainian refugees, was launched by the German initiative Händler helfen Händlern (retailers support retailers) as ...
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ArticleTod’s swung into an operating profit in 2021
Tod’s beat market expectations with its 2021 earnings and expressed optimism for the current year. Nevertheless, for the third year in a row, the Italian shoe maker decided to omit paying a dividend on is full-year results. The company posted earnings before interest and taxes (Ebit) of €24.2 million in ...
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News briefs
Lululemon enters the footwear market
Lululemon, a Canadian producer of performance apparel for yoga, running and training, is entering the footwear category with the launch of the women’s running shoe, Blissfeel. The style will be available online and in select stores across North America, Mainland China and the U.K. beginning on March 22. Two additional ...
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News briefs
Covestro, Huafeng, Cyclone cut CO2 emissions for sports shoes
The German chemical group Covestro, the Chinese textile technology firm Huafeng and the Chinese green fiber technology company Cyclone have jointly developed a solution to manufacture running and sports shoes that generate around 230 grams of CO₂ equivalent less than a pair using conventional fossil-based polyurethane (PU) dispersions and virgin ...
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ArticleThe war in Ukraine hits the German shoe industry after a strong 2021
HDS/L, the federal association of the German footwear and leather goods industry, brushed a cautious picture of the situation in the sector, with new global challenges looming just as the coronavirus pandemic loosened its grip on Europe. In 2021, sales in the German shoe industry increased by a double-digit ...
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ArticleBoohoo's sales slow down in Q4
The British online fashion retailer Boohoo confirmed that full-year earnings will be in line with its reduced guidance after reporting a slowdown in revenue growth in the fourth quarter. The group issued a profit warning last December, citing higher product return rates, disruption to international deliveries and higher inbound freight ...
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ArticleSchuh Group posts strong sales growth
In the fourth quarter ended Jan. 29, Schuh Group, an operating unit of the U.S.-based Genesco, posted an operating profit of $9.8 million against an operating loss of $3.6 million. Total sales at the 123-door, U.K.-based retailer rose nearly 33 percent to $129.0 million from $97.0 million as digital penetration ...
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ArticleVulcabras continues to shrink in women’s shoes
Vulcabras’ net income rose by 49 percent to 81.3 million Brazilian reais (€14.6m) in the fourth quarter of 2021. Operating earnings (Ebit) went up by 58 percent to R$89.3 million (€16.1m) in the period ended Dec. 31, as the gross margin hit 36.1 percent versus 32.7 percent a year earlier ...
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ArticleThe Russian footwear market faces a perfect storm
The Russian market is braced for major turbulence after dozens of footwear brands pulled out of the country following the Russian invasion of Ukraine and the subsequent introduction of international sanctions. Adidas, Nike and Puma have joined the long list of international brands that have quit the country’s market, along ...
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ArticleHotter plans to increase its European suppliers
Hotter Shoes is looking for additional European suppliers as it plans to increase the frequency of its collection releases and focus on digital sales. The British brand focuses on the over 55 year-old demographic with a high level of disposable income. It noted that the cohort has become more ...
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ArticleFerragamo is back in black
Salvatore Ferragamo swung into a profit in 2021 as it recovered from the loss caused in 2020 by the Covid-19 pandemic but the company did not provide a guidance for the current year due to an “unpredictable” outlook. The broker Equita noted that the company, which had already released its ...
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ArticleWeyco posts strong quarterly results
Weyco Group’s net income soared by 103 percent to $10.34 million from $5.1 million in the fourth quarter ended Dec. 31. Operating earnings rose by 62 percent to $12.78 million from $7.9 million, but the year-over-year operating margin slipped slightly to 12.6 percent from 12.8 percent. Total revenues stepped 64 ...
