Product & Marketing – Page 202
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News briefs
Asos’ chairman quits
Adam Crozier, the chairman of the British online retailer Asos, has been appointed chairman of the U.K. telecommunications operator BT, where he will succeed Jan du Plessis when he retires from the board on Dec. 1. Crozier will join BT’s board as an independent non-executive director and chairman designate on ...
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News briefs
Skechers commits to $1m donation to Haiti earthquake relief
Skechers is supporting Haiti earthquake relief efforts with a $1 million donation to be given to three charitable organizations: CORE, Hope For Haiti and World Central Kitchen. On Aug. 14, Haiti was hit by a 7.2-magnitude earthquake in which more than 2,100 people have died and over 12,000 injured. ...
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ArticleHunter launches Hunter Protect
The British brand Hunter Boots has launched Hunter Protect, its program to protect the environment based on seven pledges. By 2025, all the company’s rubber footwear will be Forest Stewardship Council (FSC) certified. It pledges to work with World Land Trust “to protect endangered forests, the species that depend ...
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ArticleEcco’s CEO steps down
Ecco’s chief executive Steen Borgholm stepped down “by mutual consent” with the firm on Aug. 20 after four years in the job and over two decades with the Danish footwear company. He is being replaced by Panos Mytaros, who has been with the company for 27 years. ”Borgholm has been ...
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News briefs
ABG may lose its rating if it delays its IPO
Standard & Poor’s indicated that it may downgrade its ratings for the Authentic Brands Group (ABG) if it delays its planned public offering, which would help it to finance its €2.1 billion acquisition of Reebok, or if the IPO would lead the institutional investors that have been sponsoring its expansion ...
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ArticleMarket share of preferred fibers and materials continues to increase
After years of growth, global fiber production, hit by the Covid-19 pandemic, decreased from 111 million tons in 2019 to 109 million tons in 2020. While overall fiber production declined, the market share of preferred fibers and materials is increasing. According to a new report by Textile Exchange, entitled ”Preferred ...
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News briefs
Saucony introduces the new Triumph 19 shoe
Saucony has announced the launch of the all-new Triumph 19 running shoe, available in men’s and women’s sizes at saucony.com and selected running specialty retailers globally. The Triumph 19 features the brand’s PWRRUN+ responsive cushioning, an upgrade from the underfoot cushioning in the Triumph franchise, as well as the brand’s ...
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News briefs
New Balance sues Michael Kors over allegedly similar “N” mark
New Balance has filed a trademark infringement lawsuit against Michael Kors, claiming that two models of its sneakers use an “N” in their design that is “confusingly similar” to the iconic “N” in New Balance footwear. New Balance specifically targeted Michael Kors’ Olympia and Pippin shoe collections. The case was ...
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News briefs
Vietnamese manufacturers react to the spreading virus
More than 1,000 companies operating in various sectors in the Ho Chi Minh City region have managed to keep most of their workers on site, accommodating them in their factories or transporting them from hotels and other lodgings, to help avoid a shutdown of their operations due to the spreading ...
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News briefs
El Corte Inglés to halve its suppliers
The Spanish department store chain El Corte Inglés plans to cut down by almost one-half the number of its suppliers under a program that started three years ago, according to El Economista. Meanwhile, the group has been recovering strongly from the Covid pandemic, which led it to book a net ...
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News briefs
JD Sports and Nike launch virtual sneaker try-on event on TikTok
JD Sports is launching an interactive social media campaign, created in close partnership with TikTok’s Creative Lab, to support the release of Nike’s new Air VaporMax. Thanks to a 3D augmented reality branded effect, any TikTok user will be able to virtually superimpose the new shoes in three different colors ...
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ArticleWHP Global buys the Lotto brand, licenses it back to LSI
WHP Global, a New York-based brand management company, has purchased the global intellectual property rights of the Lotto brand from Lotto Sport Italia (LSI), which will continue to manage the brand in Italy and the rest of the EMEA region as a licensee under the leadership of its long-time CEO, ...
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News briefs
Amazon reportedly plans to open large U.S. stores
The American online retailer Amazon plans to open several large physical retail locations in the U.S. that will operate like department stores, The Wall Street Journal reported citing people familiar with the matter. Some of the first Amazon department stores are expected to be located in Ohio and California. The ...
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Article
Wildberries’s H1 sales rise by 70%
In the first half, the sales of Russia’s largest online retailer, Wildberries, jumped by 70 percent year-over-year, reaching 303 billion rubles (€3.5bn-$4.04bn). In volume, sales were up by 82 percent. The fashion segment rose by 39 percent year-on-year to 135.8 billion rubles (€1.57bn-$1.84bn). In the sole second quarter, revenues ...
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News briefs
Bally develops direct-to-consumer channel in Russia
The Swiss footwear company Bally opened its first store in Moscow in cooperation with Brand-à-porter, which also manages mono-brand stores for Escada, Kenzo, Giuseppe Zanotti, A. Testoni and Tsumori Chisato and has its own e-commerce platform. The Bally monobrand store occupies 150 square meters of shopping space in the Crocus ...
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News briefsCounterfeiting still prevails in Russian fashion purchases
In 2020, the Russian market for counterfeit luxury clothing, footwear, and accessories decreased by 12 percent, to 248 billion rubles (€2.87bn-$3.37bn). But, the legal market for premium brands remains smaller, being estimated at only 234 billion rubles (€2.71bn-$3.18bn), and experienced a stronger decline, falling by 15 percent, a research conducted ...
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News briefs
Leder & Schuh takes over 3 CCC stores in Austria
The Austrian shoe retailer Leder & Schuh is taking over three stores previously managed by the Polish company CCC which is pulling out of Austria. The stores are located in Graz, Bärnbach and Vienna and will bear the Shoe4You banner. The company is also opening four new Humanic stores, one ...
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News briefs
Pitti Uomo now scheduled Jan. 11-13
Pitti Immagine announced that the menswear show Pitti Uomo will now be held on Jan. 11-13 jointly with the kidswear event Pitti Bimbo at Fortezza da Basso in Florence. Previously, the organizers had indicated that Pitti Uomo would run for four days on Jan. 11-14 and that Pitti Bimbo would ...
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ArticleDeichmann sales fall 20% in 2020
The German retailer Deichmann suffered a 20 percent decline in sales last year, resulting in €1 billion in lost revenues globally, due to the outbreak of the Covid-19 pandemic, the chairman, Heinrich Deichmann, told Textilwirtschaft. In the interview, he said that the group had not dismissed any employees or closed ...
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News briefs
CHIC Shanghai move to Oct. 9-11
The fashion and lifestyle trade show CHIC Shanghai, which was scheduled to be held on Aug. 25-27, has been moved to Oct. 9-11. About 500 brands are registered to attend the show, where about 60,000 visitors are expected. Chen Dapeng, president of China National Garment Association and CHIC - China ...
