Product & Marketing – Page 186
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News briefs
New Russian Covid restrictions hit retailers
Most Russian regions have made it mandatory to present Covid-19 vaccination passes using QR codes to enter shopping centers and non-food retailers. So far, less than 35 percent of the Russian population has been vaccinated and the measure has drastically limited access to stores for a large swath of the ...
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News briefs
Caprice to source shoes from Sri Lanka
Caprice, a brand of the German footwear group Wortmann, will start sourcing shoes in Sri Lanka in order to diversify its production in South Asia. The company already imports shoes from Pakistan, Bangladesh and Myanmar. From April 2022, a factory in Sri Lanka’s capital Colombo will start manufacturing leather shoes ...
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News briefs
Rudholm Group acquires Euro Brand Management for sustainable packaging
The Rudholm Group (RH), a Swedish-based supplier of garment accessories, packaging and logistical services for apparel producers, has taken over Euro Brand Management (EBM), a Munich-based company specializing in sustainable packaging and supply chain management solutions in all the segments of the footwear market. Founded in 1951 by the eponymous ...
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News briefs
Nike settles with Skechers
Nike and Skechers have reached a settlement at undisclosed conditions of their long-standing legal battle, putting an end to three intellectual property lawsuits after the mediation of a judge for the Central District of California. The dispute started in January 2016, when Nike accused Skechers of using design elements of ...
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News briefs
New top manager and new ambitions for Footway
Indicating that it may develop into a marketplace for other retailers, the Swedish-based Footway Group announced the recruitment of a top manager from the H&M Group, Daniel Claesson, to serve as chief commercial officer, starting next Jan. 1. He acted most recently as chief product office at the H&M Group, ...
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News briefs
New Covid-19 variant detected in Belgium
The new variant of the Covid-19 virus has been identified in Belgium, according the health minister Frank Vandenbroucke. The variant, which was first detected in South Africa, had not yet been found in Europe. “We have a case, which has now been confirmed, of this variant. It’s someone who came ...
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ArticleFootwear sales volumes, prices expected to rise in the coming months
The volume of footwear and the prices of shoes are expected to increase over the next six months, according to a survey of experts published in the latest Business Condition Survey of World Footwear done in collaboration with Shoe Intelligence. Despite the improvement in the outlook, the panel expects that ...
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News briefs
Farfetch to create global e-commerce fulfilment solution for luxury brands
Farfetch, the British fashion retailer, and Clipper Logistics, a provider of e-fulfilment and returns management services, have agreed to establish a joint venture offering global e-commerce fulfilment solution for luxury brands. Farfetch and Clipper will each own 50 percent in the company. The joint venture will create a logistics offering ...
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News briefs
French lower house clears counterfeiting bill
The French lower house of parliament approved on Nov. 25 a bill proposing to harshen legislation against counterfeiting. The bill was presented by two members of the house of deputies, Pierre-Yves Bournazel and Christophe Blanchet, who are part of the government coalition. However, the outcome of the bill remains uncertain ...
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News briefs
Germany does not rule out a new lockdown
The German government cannot rule out any measure, including a lockdown, to stem the diffusion of the Covid-19 pandemic as the number of cases increase nationwide, the health minister, Jens Spahn, told the radio broadcaster Dlf. “In some states the situation is really dramatic,” he said. “We cannot rule out ...
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ArticleShelving IPO plans, ABG brings in two new investors
Placing on hold its plans to go public, as previously announced in July, the Authentic Brands Group (ABG) has decided to stay private. Instead of going for an IPO at this stage, some existing shareholders will sell significant stakes in ABG to funds advised by the private equity company CVC ...
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ArticleEmerging designer: Umòja starts delivering its plant-based sneaker
Umòja, a Franco-African startup, has began delivering its newly created plant-based sneaker. The company, which is based in Brest, France, is a hand-made sneaker brand that combines tradition, modernity, and innovation while valorizing West African textile craftsmanship. Founded in 2018, the company, whose name means “unity” and “creating a link” ...
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News briefs
Inspiramais to focus on sustainability
Inspiramais 2023_I, which will be held on Jan. 25-26 in Porto Alegre, Brazil, will focus on sustainability and innovation. The trade show aims to bring together solutions in design, innovation and sustainability for segments such as footwear and components, clothing, furniture and jewelry in the same environment. It will present ...
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ArticleShoe Carnival to resume increasing store network in 2022
With the release of its best quarterly results in its 43-year history, Shoe Carnival announced plans to accelerate the refurbishing of its stores and to resume increasing the network from 2022. Ultimately, the U.S. footwear retailer wants to become a “multibillion-dollar” corporation in “the years ahead.” In the current full ...
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ArticleFarfetch’s Q3, outlook disappoint
Farfetch posted results below expectations in the third quarter and cut its full-year guidance prompting its share price to fall by nearly 14 percent on the day. The British online fashion retailer posted a 28 percent year-on-year increase in gross merchandise value (GMV) to $1.017billion. GMV generated by the digital ...
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News briefs
Gruppo Florence mulls acquisitions in footwear, leather goods
Gruppo Florence, an Italian holding company controlling various fashion brands, is considering acquistions, especially in footwear and leather goods, the CEO Attlia Kiss told Pambianconews. He said that after completing the creation of an apparel hub, which occurred last year, “in 2022 our project will be extended to leatherwear and ...
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News briefs
Paciotti names Diego Dolcini head of women’s footwear
Diego Dolcini was appointed rebranding and design director for women’s footwear at Paciotti, an Italian producer of luxury footwear. Dolcini has nearly three decades of experience in the luxury and fashion sector. According to his LinkedIn account he is creative director and owner of his namesake brand since 1994 and ...
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News briefs
Scarosso partners with Brian Atwood for high-heeled shoes
Scarosso, a footwear company owned by the Milan-based Level Group, has teamed with the American designer Brian Atwood to launch its first collection of high-heeled shoes. Last year, Scarosso and Atwood already collaborated on a capsule collection of velvet slippers for Breast Cancer Awareness Month. Scarosso produces about 90 percent ...
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News briefs
Shoepassion sales above pre-Covid levels
The Berlin-based footwear company Shoepassion said that in the third quarter overall sales were above pre-Covid-19 levels for the first time since the outbreak of the pandemic last year thanks to its e-commerce business. It noted that online sales were growing at double-digit rates compared with 2019, with August up ...
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ArticleCaleres raises earnings outlook as Famous Footwear shows ‘exceptional upward momentum’
Caleres raised its earnings guidance for its full financial year, after reporting a record bottom line in the third quarter ended Oct. 30 as the Famous Footwear retail chain saw “continued, exceptional upward momentum” and recovery at the Brand Portfolio business progressed despite headwinds from higher freight costs. Caleres reported ...
