Product & Marketing – Page 193
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News briefs
NURVV Run gets help to develop its smart insole
NURVV Run, the six-year-old, London-based developer of running wearables, has received an award for funding and intensive mentoring for its next phase of research on smart insoles from the creative R&D program of Business of Fashion, Textiles and Technology (BFTT). As a result, it will have access this year and ...
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News briefs
Vietnam woes penalize Yue Yuen and other producers
Yue Yuen’s revenues were down by 24 percent to $541.5 million year-on-year in September, with decreases of 22 percent in manufacturing and 25 percent at retail. Total revenues were still up by 6 percent to $6.44 billion for the first nine months of this year. The company relies on Vietnam ...
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News briefs
VF and WaterAid partner to vaccinate Cambodians
In an effort to protect workers’ health and keep the supply chain steady, VF is supporting the distribution of Covid-19 vaccines in Cambodia. VF’s Worker and Community Development program, partnering with the nonprofit WaterAid to support the rollout of the Cambodian government’s Covid-19 response plan. More than 20,000 factory workers ...
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ArticleILO adopts code of practice for shoe and apparel manufacturing
To provide a practical basis for employers, workers and governments to work together to advance an occupational safety and health (OSH) prevention culture in the textile, clothing, leather and footwear manufacturing sector, the International Labour Organization (ILO) has worked out its first code of practice on safety and health for ...
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News briefs
Boohoo relaunches Debenhams e-commerce platform
Boohoo, the British fast-fashion online retailer that bought the brand name and the e-commerce operations of the Debenhams department store chain in January, is using it now to launch what it claims will be the biggest national online marketplace for sporting goods as well as fashion, cosmetics and household items. ...
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ArticleShoe Zone expects to be profitable but warns on costs, supplies
The U.K. footwear retailer Shoe Zone expects to swing to an annual profit, but warned that Covid-19, supply-chain and inflationary issues still present challenges over the next 12 months. The company said pre-tax profit for the year ended Oct. 2 would be at least £6.5million (€7.6m-$8.8m) compared to the £14.6 ...
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ArticleLionRock bought 51% of Clarks for £1
The Hong Kong-based private equity firm LionRock Capital paid £1 (€1.2-$1.4) for a 51 percent stake in Clarks, when it took over the British footwear company earlier this year, according to documents filed with the British registrar of companies, Companies House. The group’s annual report showed that C&J Clark Limited ...
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ArticleFerragamo hires 2 new managers
The Italian fashion company Salvatore Ferragamo has bolstered its management structure for North America and the EMEA region, with the nomination of two new managers. Daniella Vitale will join Ferragamo on Oct. 18 in the role of CEO for North America while Vincenzo Equestre has already covered the position of ...
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News briefs
Allbirds revises IPO terms
Allbirds has revised its proposals for an initial public offering (IPO). When the California-based B Corp producer of sustainable sneakers, filed its IPO application with the U.S. Securities and Exchange Commission it announced that it was planning to go for the first “Sustainable Public Offering,” or SPO, pledging to ...
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ArticleAsos CEO quits as rising costs lead to profits warning
The chief executive of Asos, Nick Beighton, is departing the British online fashion retailer in a shock move as the company issued a profits warning, citing supply chain issues and rising costs. Asos is facing “notable cost headwinds” including inbound freight fees, wage inflation, outbound delivery costs and Brexit duty. ...
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News briefs
Eco shoes label Inuikii launches at Selfridges
This fall, London’s high-end department store Selfridges is set to join a number of other top-name outlets throughout Europe, including Galeries Lafayette in Paris, in carrying Swiss sustainable luxury footwear brand Inuikii. Available also online, via the Zurich-based company’s website, and others, including Nordstrom’s in the U.S., Inuikii specialises ...
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News briefs
Aquafil buys a Norwegian firm collecting discarded fishing nets
The Italian yarn producer Aquafil has acquired a 32 percent stake in the Norwegian company Nofir, which collects and recycles discarded equipment from fishing and fish farming. Since 2011, Nofir has collected over 48,000 tonnes in fishing networks from 20 countries. In 2011, Aquafil created the Econyl Regeneration System that ...
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News briefs
Tod’s’ CEO leaves
The Italian footwear company Tod’s cuts the number of co-CEOs from three to two, resulting in the departure of Umberto Macchi di Cellere after four years in the job. The company’s board approved to maintain the position of CEO solely for the chairman, Diego Della Valle, and the vice-chairman, Andrea ...
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News briefs
Tamaris and Jana Shoes to collaborate on new collection
From the autumn/winter 2022/23 season, Tamaris, the main brand of the German footwear company Wortmann Group, will collaborate with its sister company Jana Shoes, which specializes in comfort shoes, to develop Tamaris’ new comfort collection. Jens Beining, CEO of the Wortmann Group, explained “we want to occupy this growing market ...
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News briefs
Vögele Shoes hires a purchasing, marketing head
The Swiss footwear retailer Karl Vögele AG (KVAG), which operates the banners Vögele Shoes, Bingo and Max Shoes, has hired Timm Jacob as head of purchasing and marketing and joins the senior management team along with the chairman Christan Müller and the CEO and chief financial officer Max Bertschinger. Jacob ...
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News briefs
Tamaris tops sustainability ranking
Tamaris, the leading brand of the German footwear company Wortmann Group, topped the ranking as the most sustainable footwear brand carried out by the German magazine Focus Money. In the magazine’s ”Deutschlands Beste – Nachhaltigkeit“ (Germany’s Best - Sustainability), Sioux finished second in the footwear category, followed by Ecco and ...
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News briefs
Havaianas launches a sneaker line
Havaianas, the flip-flop brand owned by the Brazilian footwear company Alpargatas, launched the sneaker collection Havaianas TNS. The new line can be viewed in a 36-minute show broadcast on YouTube. The sneakers will be gradually rolled out worldwide and are scheduled to reach Europe in the spring of 2022. ...
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News briefs
Adidas Y3 launches Terrex footwear and jackets
For this fall’s urban sportswear line Y3, Adidas is launching a new Terrex Swift R3 GTX sneaker in two colorways as well as two Gore-Tex shell jackets (one hard shell and one down insulated parka). The Y3 Terrex footwear capsule collection is launched on Oct. 14, while the apparel drop ...
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News briefs
The rugged outdoor footwear market fell by 5.6% in 2020
After rising by 7.0 percent in 2019, the global market for branded outdoor shoes went down by 4.9 percent to $5,237 million in 2020, based on an annual study of some key vendors’ revenues for this kind of product conducted by the Outdoor Industry Compass in partnership with Sporting Goods ...
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News briefs
Adidas inaugurates a circular-fashion program with ThredUp
Adidas has inaugurated a circular-fashion program, called “Choose to Give Back.” The German brand is inviting customers to earn rewards from its Creator’s Club by returning used apparel and accessories from any brand for resale or re-use. It works through a combination of Adidas’ Creator’s Club app and ThredUp’s Reseale-as-a-Service ...
