Product & Marketing – Page 2
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ArticleIndian labor reform seen cutting red tape but hiking cost of hiring
India’s labor reform should ease the compliance burden for businesses, but the cost of hiring may rise, according to the Japanese brokerage Nomura. On Nov. 21, the country launched four new labor codes, resulting in the largest overhaul of workers’ laws in decades in an effort by the government to ...
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News briefs
Zegna reshuffles is top management
Ermenegildo Zegna has tapped Gianluca Tagliabue, currently group Chief Financial Officer and Chief Operating Officer, as CEO following a succession planning process carried out by the board of the Italian fashion house. The appointment and other elements of a new leadership structure will go into effect on January 1. Among ...
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ArticleAsos' losses narrow
Asos has posted narrower losses, despite a slide in annual sales, and forecast a lift in earnings and margins next year. Revenues of the British fast fashion retailer fell by 15 percent in the year to Aug. 31 to £2.48 billion (€2.82bn), while gross merchandise value (GMV) was 12 percent ...
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ArticlePortwest takes over Grupo Kondor Colombia
Portwest, an Irish provider of workwear, safety footwear and personal protective equipment, has acquired a majority shareholding in Grupo Kondor Colombia, the market leader in safety footwear in Colombia. No financial details were available. The acquisition supports Portwest’s strategy of expanding its global manufacturing and distribution footprint and strengthening its ...
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News briefs
Boot Barn's store network exceeds 500 locations
Thanks to several store openings in November, Boot Barn’s network has exceeded 500 locations. The US footwear chain passed the 500 threshold following openings in Killeen, Texas; East Peoria, Illinois; Phoenix, Arizona; Deptford, New Jersey; Indio, California; Chandler, Arizona; and the return to Huntington Beach, California, where the very ...
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News briefs
Mexican government to support the local textile and footwear industry
The Mexican government has presented a stimulus plan for the textile and footwear industry in order to recover about half of the 100,000 job the sector has lost to foreign competition. Through an agreement with the Spanish bank BBVA and Mexico’s development bank Nacional Financiera (Nafin), the government aims ...
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ArticleGlobal personal luxury goods market seen falling by 2% this year
The personal luxury goods market is expected to decline by 2 percent at current exchange rates, but to be flat at constant rates, reaching €358 billion in 2025, but could resume growing over the next decade by up to 6 percent a year, according to a report released by the ...
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News briefs
French footwear sales rebound in October
In October, French footwear retail sales rose by a seasonally and working-day adjusted 2.2 percent month-on-month, rebounding from a 2.4 percent decline in September, according to the Bank of France. Overall retail sales in France rose a seasonally and work-day adjusted 0.3 percent from September, when there was a slight ...
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News briefs
Haglöfs appoints a new CEO
The Swedish outdoor specialist Haglöfs has made further changes to its leadership team, appointing a new Chief Executive Officer shortly after reorganizing its sales structure in Southern Germany and Austria. Andreas Lorenz, previously Chief Commercial Officer, has been named CEO, succeeding Martin Daniels, who had taken up the role ...
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ArticleWormland files for insolvency again
Just over a year after emerging from bankruptcy, the German men’s fashion retailer Wormland has once again filed for insolvency with the Osnabrück District Court. Despite the filing, business operations will continue while the company seeks new investors, said the provisional insolvency administrator, Stephan Michels. All nine stores – ...
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ArticleDr. Martens to hike US prices as impact of tariffs revealed
Dr. Martens said it would take a multi-million pound hit from US tariffs, forcing it to raise prices in the American market. The British footwear company said it expected tariffs to be in the high single-digit range but would be offsetting roughly half of this through price hikes. It had ...
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News briefs
OrthoLite opens a manufacturing site in North Vietnam
OrthoLite, the US-based supplier of sustainable open-cell foam insoles, announced the opening of a new manufacturing facility in North Vietnam. Located in the Ninh Binh Province, the site marks a key milestone in the company’s strategy to localize production and enhance service for regional and global footwear brands. The OrthoLite ...
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ArticleShoe Carnival sees Q4 sales down 3%, looks ahead to ‘inflection year’ as rebranding progresses
Shoe Carnival said it expects to post sales in the fourth quarter of fiscal year 2025 of $240-270 million, at its midpoint down by 3 percent compared to the year earlier and in line with its third quarter performance. The footwear retailer said that its sales guidance, with sales seen ...
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News briefs
H&M launches a SEK 1bn share buyback
H&M Hennes & Mauritz’s board has decided to launch a SEK 1 billion (€91m) share buyback. “The purpose of the buybacks is to distribute surplus liquidity and thereby adjust H&M’s capital structure by reducing its capital. Accordingly, the board of directors intends to propose to the 2026 annual general meeting ...
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News briefs
Piquadro’s revenues rise slightly
Piquadro generated revenues of €88.4 million in the first half ended Sept. 30, up by 0.7 percent compared to the year earlier. The Italian leather goods group reported that Ebitda in the six-month period rose by 8.2 percent to €16 million and adjusted Ebitda grew by 1.3 percent to €9 ...
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News briefs
German economic output could increase ‘slightly’ in Q4
German economic output could “go back up slightly again” in the fourth quarter of 2025 after preliminary data indicated that gross domestic product was unchanged in the third quarter after slipping by 0.2 percent in the second, according to the monthly report from the country’s central bank, the Bundesbank. “Owing ...
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News briefs
Instagram, Facebook to ban Australians under the age of 16 from Dec. 4
Meta announced that it will start banning from Dec. 4 Australian users under the age of 16 accessing Instagram, Facebook and Threads to comply with the country’s new social media rules. The US group started notifying the users concerned “to give them the opportunity to save their contacts and ...
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News briefs
JD Sports issues a profit warning
JD Sports Fashion warned that it expects profit before tax and adjusting items to be at the lower end of market expectations of £871 million (€988m), within a range of £853-888 million (€967-1,007m). The company noted that “recent indicators have shown incrementally weaker macroeconomic and consumer external data points in ...
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News briefs
GermanFashion elects a new president
The trade association GermanFashion has appointed a new president following the biennial election of its board of directors at this year’s general meeting. After 14 years in the role, Gerd Oliver Seidensticker, of Seidensticker Group, has handed the presidency to Justus Lebek, of Lebek International Fashion, who was elected with ...
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ArticleWortmann plans management changes for Tamaris over next two years
The German footwear manufacturer and distributor Wortmann Group is preparing for the renewal of its leadership team for its key Wortmann KG unit, which manages the Tamaris brand, over the next couple of years, built on internal succession and long-standing company experience. ”Over the past decades, Horst Wortmann, the ...
