Product & Marketing – Page 203
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ArticleItaly loses 3 positions in global footwear ranking
Because of the outbreak of the Covid-19 pandemic, global footwear production fell by nearly 16 percent in 2020. Some countries such as Pakistan and Bangladesh managed to buck the trend but most producers suffered from the global drop in demand caused by widespread lockdowns. Italy was particularly hit and lost ...
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ArticleEobuwie opens its first physical store outside Poland
Eobuwie, the online retailer owned by the Polish group CCC, has opened its first brick-and-mortar store outside Poland. Eobuwie has 25 physical stores in its home market and opened on July 30 a store in the Novy Smichov shopping center in Prague. Previously, eobuwie only operated in the Czech Republic ...
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News briefs
Gen Z consumers open to clothing rental
According to a new study among consumers aged between 19 and 24 conducted by the College of Agricultural, Human and Natural Resource Sciences at the Washington State University (WSU), Gen Z adults are interested in using apparel rental services to reduce overconsumption. Ting Shi, co-author and chair of apparel, merchandising, ...
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ArticleStudy shows greater consumer awareness in use of animal products in fashion
According to a new study initiated by animal welfare organization Four Paws and executed by YouGov, there is a significant increase in awareness and sensibility among consumers worldwide regarding the use of animal products for fashion since the outbreak of the Covid-19 pandemic. There is a measurable increase in the ...
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News briefs
Wolverine plans to offer $550m in 4.000% notes
Wolverine Worldwide announced the planned issue to institutional investors of $550 million worth of new senior notes due in 2029 bearing annual interest of 4.000 percent. It will use the proceeds to redeem all its outstanding 6.375 percent notes due in 2026 and 5.000% notes due in 2026. The group ...
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ArticleYue Yuen raises sales and margins, shifting to higher-end products
Shifting to higher-end products, the world’s largest shoe manufacturer managed to raise the average selling price of the products made at its factories by 6.5 percent to $18.37 per pairs in the first half of 2021. This helped Yue Yuen Industrial (Holdings) to expand the gross margin of its footwear ...
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News briefs
Boohoo plans to invest £500m creating 5,000 UK jobs as demand soars
The online fashion retailer Boohoo is investing £500 million (€588m-$693m) in the U.K. over the next five years, creating 5,000 jobs and increasing its ability to meet rising domestic and international demand. The British company, which focuses on clothing, shoes, accessories and beauty products for 16 to 30-year olds, said ...
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News briefs
Diadora grows strongly in the U.S.
Diadora is projecting growth in the mid-teens for this year. In 2020, the pandemic led the Italian brand to a decline in consolidated revenues to €138 million from €168 million in 2019. Sales are on the rise particularly in the U.S. and the Benelux countries. In the U.S., Diadora expects ...
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ArticleVulcabras’ sales growth accelerates in Q2, driven by athletic footwear
Vulcabras, the Brazilian footwear company that owns Olympikus and has licenses with Mizuno and Under Armour, saw sales growth accelerate in the second quarter of 2021, despite continued headwinds tied to the Covid-19 pandemic. Its revenues soared by 304.7 percent on the year earlier to 399.4 million Brazilian reais (€65.6m-$77.0m), ...
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News briefs
Sequential sells two more brands
After reporting the sale of its DVS brand of skate shoes to Elan Polo, the struggling Sequential Brands Group has announced the sale of Ellen Tracy for $17 million and Caribbean Joe for $3 million. The buyer is the GMA Group, which owns Capelli New York and other brands. SBG ...
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News briefs
Crocs completes new $350m bond issue
Crocs said it completed on Aug. 10 the issuance and sale of $350 million worth of senior notes carrying annual interest of 4.125 percent and due to mature on Aug. 15, 2031. They will be used for share buybacks and general corporate purposes. The notes were purchased by several institutional ...
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News briefs
ILM to be held Sept. 4-6
A local magistrate has authorized the organization of a physical edition of the international leather trade show ILM on Sept. 4-6 in Offenbach am Main, near Frankfurt. Previous physical editions of the show, organized by Messe Offenbach, had been canceled because of the Covid-19 pandemic. A digital version, ILM Virtual ...
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News briefs
Leder & Schuh sees sales returning to pre-Covid levels in 2022
Leder & Schuh Group, the Austrian shoe retailer which owns the Humanic and Shoe4You brands, posted a loss of almost €35 million in 2020 compared to a net profit of €1.6 million in 2019, as revenues of its Austrian business dropped to €150.6 million from €194.6 million due to the ...
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News briefs
YNAP joins forces with Klarna
Yoox Net-a-Porter (YNAP), the fashion online retailer owned by the Swiss luxury goods group Richemont, has entered an international partnership with the Swedish retail banking, payment and shopping service Klarna. Thanks to the agreement, YNAP’s customers will be able to pay using Klarna’s ”buy now, pay later” solutions, including its ...
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Article
Alpargatas’ Q2 sales jump 71%
Alpargatas, the parent company of Havaianas and Osklen, reported sales of 1,095 million Brazilian reais (€177.8m-$209.2m) in the second quarter, up by 71.4 percent on the year earlier and 46 percent higher than the second quarter of 2019, led by growth on international markets, the continued expansion of its online ...
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News briefs
Designer Brands to be exclusive distributor of Hush Puppies in North America
The U.S. footwear producer and retailer Designer Brands will become the exclusive in-store distributor of Hush Puppies in North America from 2022. “DSW customers have enjoyed Hush Puppies for years, and we are delighted to become the sole physical destination for this iconic brand in North America,” said DSW’s chief ...
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News briefs
Melania declared bankrupt
On July 23, a court based in the Italian town of Fermo declared Melania Italia bankrupt following a request lodged by several employees. Melania was founded in 1966 by Manfredo Gironacci and the company filed for creditor protection in September 2020. The Fermo-based court accepted the request and gave the ...
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ArticleWeyco benefits from renewed demand for dress shoes
In the second quarter of 2020, the brands Florsheim, Nunn Bush and Stacy Adams of the U.S. company Weyco bounced back strongly thanks to renewed demand for dress shoes as people returned to their offices and social gatherings resumed with the easing of Covid-19 restrictions. It noted that Florsheim was ...
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News briefs
Wolverine buys Sweaty Betty
Wolverine Worldwide has bought Sweaty Betty, a fast-growing U.K.-based brand of women’s fitness and lifestyle apparel that was going to develop a collaboration with Merrell, which is owned by Wolverine, in the area of footwear. The all-cash transaction was closed on Aug. 2, giving the business an enterprise value of ...
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ArticleObuv Rossii enters kids market with Universal Studios license
Obuv Rossii Manufacture, which is part of Russia’s OR Group, has obtained a license from Universal Studios to produce and sell footwear under the brands Minions, Jurassic World, Trolls, and Spirit in Russia and other members of the Commonwealth of Independent States for 2.5 years. No financial details were released. ...
