Product & Marketing – Page 187
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News briefs
Erem launches a new hiking boot
Erem, a Nevada-based company founded in 2021, has unveiled a new hiking boot that is ”high on performance and low on environmental impact.” The collection launches with the men’s and women’s Xerocole and Xerocole Expedition boots, named after animals that thrive in desert environments. The uppers of the Xerocole collection ...
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News briefs
OrthoLite launches new sustainable insole technologies
The U.S. brand OrthoLite is introducing two new sole technologies that elevate the total eco content of the insoles to 57 percent and 50 percent, respectively. The new soles, called HybridPlus-Bio and HybridPlus-Recycled, have been developed in the framework of Ortholite’s zero-waste initiative. While the “recycled” soles are made with ...
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News briefs
StockX acquires Scout
StockX is making its first acquisition, and the target company is Scout, which has developed a the cloud-based inventory-management software topShelf. Once the deal goes through and the integration is completed, StockX will be inviting certain subscribers to use Scout’s automation, inventory management, distribution and pricing tools free of charge. ...
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News briefs
Austria reintroduces a general lockdown from Nov. 22
The Austrian government announced a general lockdown starting Nov. 22 and lasting for three weeks, amid a resurgence of Covid-19 cases in the country and increasing pressure on intensive care units. It is the first European Union country to reimpose a lockdown. “Despite months of persuasion, we haven’t succeeded in ...
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ArticleAlibaba cuts 2022 guidance after Q2 earning, revenue miss
Alibaba cut its guidance for the full year after revenues and earnings in its second quarter ended Sept. 30 came in below expectations amid a slowdown in economic growth in China and an ongoing regulatory crackdown on tech companies in the country. Alibaba now expects revenues to grow between 20 ...
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News briefs
Nice Footwear share price up 60% in bourse debut
The share price of Nice Footwear rose by 60.0 percent to €16.00 on Nov.18, the first day of trading for the Italian footwear company on the Euronext Growth segment of the Milan stock exchange. The stock was sold at €10.00 in an initial public offering comprising only newly issued shares. ...
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News briefs
Prada sees sales rising to €4.5bn in the medium term
The Italian fashion house Prada expects to achieve revenues of about €4,500 million in the medium term with an Ebit margin of around 20 percent, while doubling online’s share of retail revenues to 15 percent of the total. In 2020, Prada posted overall revenues of €2,423 million and retail sales ...
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News briefs
Macy’s to launch a digital marketplace
The U.S. retailer Macy’s plans to launch in the second half of 2022 a digital marketplace to build on its digitally led omnichannel model. The company is partnering with Mirakl to power the platform. “The new marketplace will significantly expand the company’s assortment in existing categories and brands and introduce ...
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ArticleBrazilian exports surge in October
In the first 10 months of 2021, Brazilian footwear exports rose by 32.2 percent year-over-year in volume to 99.07 million pairs and by 30.7 percent in value to $712.4 million, according to data released by the trade association Abicalçados. When compared with the first 10 months of 2019, exports grew ...
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ArticleEU proposes new rules to fight deforestation, promote circular economy
The European Commission has adopted three new initiatives proposing rules to curb deforestation, to facilitate intra-EU waste shipments to promote circular economy and tackle the export of waste to third countries. From 1990 to 2020 the world has lost 420 million hectares of forest, an area larger than the European ...
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News briefs
Clarks Originals opens second store
Clarks Originals, a brand of the British shoemaker Clarks, has opened a store in the town of Street, England, in the building where the company was first founded in 1825. The other Clarks Originals store is on Berwick Street in London.
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News briefs
Amazon U.K. bans Visa cards
Amazon has informed British customers that it will no longer accept payments made with Visa credit cards from Jan. 19 blaming a “high cost of payments”. “As a result of Visa’s continued high cost of payments, we regret that Amazon.co.uk will no longer accept U.K.-issued Visa credit cards as of ...
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News briefs
Nice Footwear IPO priced €10 a share
Nice Footwear, an Italian company specializing in sneakers, priced its initial public offering (IPO) at €10.00 per share, in the middle of its indicative price of €9.00-€11.00. The stock is scheduled to start trading on the Euronext Growth segment of the Milan stock exchange on Nov. 18. The company sold ...
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News briefs
Roberto Cavalli sees 2021 sales at €60m
Roberto Cavalli posted revenues of about €46 million in 2020 and expects to see the top line rise to about €60 million this year before reaching €80 million in 2022, when the Italian fashion house also expects to reach breakeven. The company said that its future development will depend on ...
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ArticleGlobal personal luxury goods sales up 29% in 2021
The global personal luxury goods industry is forecast to grow by 29 percent at current exchange rates to €283 billion this year, according to a survey released by the consultancy Bain & Company in collaboration with Fondazione Altagamma, the Italian luxury goods manufacturers’ industry foundation. Compared with 2019, the market ...
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News briefs
Expo Riva Schuh releases online events calendar
Riva del Garda Fierecongressi, the organizers of Expo Riva Schuh and Gardabags, confirmed that the trade shows will be held Jan. 15-18 at the exhibition center of the Italian town of Riva del Garda to present collections for the autumn/winter 2022-2023 season. They also released a calendar of online events ...
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Article
Manolo Blahnik launches virtual museum
Half a century after opening his first boutique in Old Church Street, in Chelsea, London, Spanish footwear designer Manolo Blahnik is making the concepts behind his legendary stilettos, sandals, moccasins and boots available to anyone, anywhere, via his brand-new, technologically state-of-the-art virtual museum, which launches on Nov. 18, 2021. Conceived ...
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Article
Kurt Geiger extends financing facilities to 2024
On June 10, Kurt Geiger extended the terms of its bank loan, capital investment and revolving facilities to Feb. 19, 2024, according to the company’s financial statements filed with the British registrar of companies, Companies House. As part of the arrangement, covenants were rebased to take into account the impact ...
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News briefs
Austria enforces lockdown for the unvaccinated
In Austria, retailers face the “lockdown for unvaccinated people aged 12 and older” that the government has just enforced. The new regulation states that unvaccinated individuals or those who have not yet contracted Covid-19 and recovered from it are not allowed to shop at non-food retailers (so-called “2G rule”). Furthermore, ...
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Article
Nike under suspicion of greenwashing in German media
In a broad investigative joint journalistic effort, several German media have chased down returned Nike footwear (used and new) that had been tagged with GPS trackers and went into a recycling plant in Herenthout, Belgium, to be destroyed and recycled into the “Grind” material that Nike uses for gym floors, ...
