Product & Marketing – Page 188
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News briefs
Pollini sales rise sharply
In the first nine months of 2021, Pollini, a footwear brand owned by the Italian fashion house Aeffe, posted sales of €21.6 million, up by 26.9 percent from a year earlier and representing 8.6 percent of Aeffe’s total revenues. Over the period, Aeffe’s sales totaled €250.0 million, up by 20.9 ...
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ArticleOR Group sets up a logistics unit
OR Group, which operates the Westfalika banner, has launched a new subsidiary company to develop logistics services, which will primarily involve opening new pick-up points. The logistics company called O2 LLC will be fully owned by the group’s parent company ORG PJSC. OR Group, formerly known as Obuv Rossii, started ...
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ArticleStuart Weitzman improves profitability in Q1
Stuart Weitzman, the footwear brand of the U.S. fashion group Tapestry, enjoyed an improved operating margin in the first quarter ended Oct. 2, boosting its confidence of returning to profitability in the current fiscal year. In the quarter, Stuart Weitzman increased sales by 18 percent year-over-year to $66.5 million. At ...
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ArticleYue Yuen’s growth stopped in Q3
Yue Yuen reported a 3.2 percent increase in revenues from footwear manufacturing for the first nine months of 2021 on roughly flat deliveries of 179.0 million pairs. Revenues went up to $3,301 million because of an increase in the average price of 3.1 percent to $18.43 per pair, thanks to ...
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News briefs
Saucony hires Brian Moore as global product head
Saucony, part of the Wolverine Worldwide group, has appointed footwear industry veteran Brian Moore as senior vice president of global product, effective immediately. In his new role, Moore will be responsible for Saucony’s global brand footwear and apparel strategies, including design, development and product innovation. Moore will report directly to ...
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ArticleGeox starts Q4 with 50% rise in like-for-like DOS sales, prepares new business plan
Geox has posted an increase in like-for-like sales at directly-operated stores (DOS) of about 50 percent so far in the fourth quarter, bringing them 3 percent above the comparable period in 2019 at week 44 in its fiscal year and continuing with a recovery underway in this channel since the ...
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News briefs
Richemont, Farfetch in talks to expand their partnership
Richemont is in advanced talks to enhance its partnership Farfetch. The deal under discussion would involve Farfetch investing directly in Yoox Net-a-Porter (YNAP) as a minority shareholder, with other investors to be invited to participate, according to the Swiss luxury goods company. Other industry players and investors have already indicated ...
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News briefs
Pittards not affected by situation in Ethiopia
Pittards, a British producer of leather and luxury leather goods, said that its activities in Ethiopia have not been affected by the war in the country. “The board is mindful of the current situation in Ethiopia. At present, the group’s operations in Ethiopia, including the free flow of goods, activities, ...
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News briefs
Xero Shoes debuts European website
Xero Shoes has inaugurated a European e-commerce website, at www.XeroShoes.eu, starting by offering discounts of 12 to 70 percent for a while. The American brand of “natural movement” footwear produces several models in three categories: performance, casual and sandals. The performance models cover walking, road running, trail running and hiking, ...
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ArticleSaucony, Sperry underpin Wolverine's Q3 sales
Wolverine Worldwide saw revenues in the third quarter rise by 29.1 percent to $636.7 million compared with the prior year, boosted by incremental revenues of $39.1 million from the recent acquisition of Sweaty Betty, which saw pro forma sales growth of over 50 percent in the quarter, and the strong ...
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ArticleAlpargatas sells Osklen to focus on Havaianas
Completing its reorganization, Alpargatas is divesting its 60 percent stake in Osklen, a Brazilian brand of sustainable surf- and skate-inspired clothing and footwear, to focus on Havaianas, the big international brand of rubber sandals. Alpargatas had already transferred its regional Mizuno license to Vulcabras, parent company of Olympikus, in the ...
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ArticleMizuno license helps lift Vulcabras’ sales
A relaxation of anti-Covid measures in Brazil and the addition of Mizuno’s license for the country, which was effectively transferred from Alpargatas to Vulcabras on June 30, helped to boost the latter’s revenues by 40.0 percent to a record 535.9 million Brazilian reais (€86.5m-$99.1m) in the third quarter as compared ...
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ArticleTod’s returns to pre-pandemic levels in Q3
Tod’s’ revenues beat market expectations and were slightly above pre-pandemic levels in the third quarter of 2021. The Italian luxury footwear company reported sales of €224.3 million in the period, up by 14.6 percent year-over-year and by 0.5 percent compared to the same period of 2019, and above the €208 ...
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News briefs
Mime et moi is up for sale
In order to relaunch the Munich-based brand Mime et moi, the administrator Axel Bierbach from the law firm Müller-Heydenreich Bierbach & Kollegen (Munich) has launched a procedure to find an investor who can inject fresh capital into the start-up in order to guarantee the continuation of its activities and save ...
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ArticleFerragamo fails to provide full-year guidance despite better-than-expected Q3 sales
Salvatore Ferragamo posted better-than-expected third-quarter sales but declined to provide full-year estimates, citing a “volatile” market scenario. The lack of visibility prompted investors to sell the stock. Ferragamo’s shares closed at €19.13 in the Nov. 10 session, down by 4.23 percent on the previous day. The stock market retreat came ...
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ArticleAsos sets new long-term profit goal in bid to reassure investors
Asos has forecast an Ebit profit margin of at least 8 percent over the long-term as it aims to boost investor confidence in the wake of the abrupt exit last month of its chief executive Nick Beighton. The British online fashion retailer wants to increase its international presence, improve partner ...
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ArticleHotter sales surge as shift to digital pays off
Hotter Shoes reported a surge in first-half sales after it overhauled its channel strategy to focus on digital sales. In the first half of fiscal 2022, which ended in July, U.K. sales surged by 39 percent year-over-year to £25 million (€29.2m-$33.8m). The British footwear company posted earnings before interest, tax, ...
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News briefs
Wildberries launches branded pick-up points outside Russia
The Russian e-commerce giant Wildberries has launched its first branded pick-up points outside Russia. They were rolled out in Belarus, Armenia and Kazakhstan to improve brand recognition in those markets. “Wildberries launched sales in Belarus in 2012, entered the Kazakh market in 2014, and the Armenian market in 2018. The ...
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News briefs
Adidas strikes a cautious note after a 3.4% sales hike in Q3
Adidas toned down its expectations for full-year sales and earnings as the company’s growth slowed in the third quarter due to supply chain disruptions, Covid-related lockdowns in Asia-Pacific and a “challenging” market environment in Greater China. In the quarter, Adidas saw its sales edge up by just 3.4 percent to ...
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News briefs
Allbirds’ IPO proceeds rise to $348m
The underwriters of Allbirds’ public offering fully exercised an over-allotment option to purchase additional shares, which was not surprising in view of the doubling in the initially offered price of $15 a share in the course of trading. All in all, Allbirds has placed a total of 16,850,799 shares, raising ...
