Product & Marketing – Page 192
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News briefs
Sales of premium fashion tripled in Russia
Sales of premium apparel, footwear and accessories in Russia tripled value in the first three quarters of 2021 compared to the same period of the previous year, according to the Russian data provider ODF. “April to June [2020] was the period of the toughest lockdown in Russia. Therefore, it was ...
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News briefs
Burberry appoints a new CEO
The British luxury fashion company Burberry has appointed Jonathan Akeroyd as chief executive and executive director, effective April 1, 2022. He will replace Marco Gobbetti, who is stepping down on Dec. 31 to join Salvatore Ferragamo as CEO and general manager. Burberry’s chairman Gerry Murphy will chair the company’s executive ...
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ArticleSpanish shoemakers expect to emerge from Covid-19 crisis by 2022
The Spanish footwear industry suffered severely from the outbreak of the Covid-19 pandemic in 2020 but has since enjoyed a 35 percent rebound in production during the first half of 2021. In an interview with Shoe Intelligence, Imanol Martínez, the marketing & international business development director of the Spanish footwear ...
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News briefs
Caleres hires a new head of customer marketing
Suzy Cirulis has joined Caleres as senior vice president in charge of customer marketing. In this role, she will lead the company’s customer marketing efforts across the entire Caleres portfolio including customer relationship marketing, customer insights and customer analytics. She was most recently chief marketing officer at Crate and Barrel. ...
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News briefs
Softstar launches a hiking boot
Renowned since the late 1980s for its in-house designed and hand-made, minimal, leather footwear featuring the “barefoot” feel, and zero-drop soles, Softstar is now launching a hiking boot. Privileging high-quality, flexible, responsibly sourced materials that allow for free and natural movement and comfort, the Switchback boot is due to be ...
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News briefs
Allbirds opens 2 stores in the U.S.
Allbirds, the B Corporation certified Californian brand of footwear and apparel, has opened two new stores in the U.S. It opened a 2,892-square-foot retail store and community center in Cambridge on Oct. 15. It is the brand’s second store in the Boston area. On Oct. 12, the brand opened a ...
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News briefs
H&M considering sourcing in Russia
The Swedish retailer Hennes & Mauritz (H&M) is considering the possibility of buying goods from Russian producers, Saed El-Ashkar, the company’s general director in Russia, told the news agency Interfax. “H&M does not have its own factories and places orders with independent suppliers worldwide, from India, Bangladesh, China to Turkey ...
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News briefs
Sheme to consolidate its position in China and Germany
Sheme, a Chinese brand of luxury women’s shoes which attracted the spotlight by being the first Chinese footwear brand to have attended the fashion weeks in London, Paris and New York, aims to consolidate its positions in its existing markets of China, which represents about 90 percent of sales, and ...
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News briefs
China to increase coal production by nearly 6%
China is due to increase coal production by nearly 6 percent to address power shortages affecting the country, the news agency AFP reported citing the country’s National Development and Reform Commission (NDRC). China is the world’s main coal producer and polluter, as well as the largest manufacturer of footwear, and ...
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ArticleC-Suite interview: UFG plans to continue expanding its brand portfolio
The Dutch company Unlimited Footwear Group (UFG) is in talks regarding the possible acquisition of two brands and of a license agreement. Any deal is expected to be struck by the end of the year, Bart van Helvoirt, co-founder and CEO of UFG, explains in an interview with Shoe Intelligence. ...
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ArticleEmerging designer: Arnaud Barboteau puts old tires back on the road
O.T.A. Paris, the brainchild of Arnaud Barboteau, was one of the 12 international up-and-coming footwear brands showcased on the Emerging Designers stand at the Micam footwear show at the Rho Fiera Milan fairgrounds from Sept. 19-21. Featuring soles made from redundant vehicle tires, O.T.A. Paris sneakers are distributed in 14 ...
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News briefs
Saks Fifth Avenue plans to float e-commerce business
The e-commerce business of the American luxury department store chain Saks Fifth Avenue is aiming to go public soon at a valuation that is roughly triple what it was pegged at earlier this year, The Wall Street Journal reported. Saks is interviewing underwriters this week for a possible initial public ...
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ArticleEobuwie issues convertible bonds for SoftBank
Eobuwie, the online retailer owned by the Polish group CCC, has sold 500 million zloty (€109.4m-$129.1m) worth of bonds to SoftBank Vision Fund 2. The proceeds of the bonds will help finance Eobuwie’s international expansion. The online retailer plans to more than double its annual sales to PLN 5 billion ...
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ArticleNice Footwear improves profitability despite revenue decline
In the full year that ended April 30, 2021, Nice Footwear increased earnings before interest, tax, depreciation and amortization (Ebitda) to €2.364 million from €1.781 million a year earlier despite a decline in revenues to €21.144 million from €24.270 million over the period due to the impact of the Covid-19 ...
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News briefs
Poshmark buys a sneaker authentication platform
Poshmark, a California-based social marketplace for the purchase and selling of new and secondhand clothing, shoes and accessories has acquired the sneaker authentication platform Suede One. The deal marks Poshmark’s first acquisition and no financial details were released. ”Suede One has built impressive capabilities in virtual authentication that will allow ...
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News briefs
SBTi approves eBay’s ambitious climate action goal
eBay’s ambitious greenhouse gas (GHG) reduction targets were approved by the Science Based Targets initiative (SBTi). The U.S. e-commerce company commits to cut its own (scope 1 and scope 2) emissions by 90 percent by 2030 from a 2019 base year, in line with limiting global temperature warming to 1.5°C ...
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News briefs
Chinese power crunch adds to viral and shipping problems
Alarming new reports are coming in about serious shortages of components and finished products made in China, which may prevent brands, distributors and retailers in all the sectors to respond to a surge in post-pandemic demand ahead of the critical Christmas selling season. One major cause is a big shortage ...
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News briefs
LVMH fashion and leather goods organic sales up 57%
Organic sales of the fashion and leathergoods division of the French luxury goods conglomerate LVMH rose by 57 percent year-over-year in the first nine months of 2021. On a reported basis, sales for the division were up by 53 percent to €21.315 billion. When compared with the first nine months ...
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News briefs
Sequential will be able to honor its debts
The bankrupt Sequential Brands Group is now expected to be able to pay its $435.1 million in liabilities through the auction of its assets. With You, a company that owns a 37.5 percent interest in the Jessica Simpson brand, has launched a bid for the remaining shares owned by SQBG ...
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News briefs
Adidas loses appeal about H&M’s two stripes
Ending a trademark dispute that began in 1997, the Dutch Supreme Court has dismissed an appeal by Adidas against a lower court’s ruling that a two-stripe logo used by Hennes & Mauritz did not infringe on its iconic Three Stripes. A key factor in H&M’s success was a market research ...
