Product & Marketing – Page 205
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ArticleDeckers Brands posts Q1 sales growth, raises FY outlook
In the first quarter ended June 30, Deckers Brands reported a revenue increase of 78.2 percent to $504.7 million, leading to net earnings of $51.5 million against a loss of $6.9 million for the same period of last year. The company has raised its outlook and now expects net earnings ...
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ArticleDr. Martens warns of shipping delays due to Covid-19
The iconic British shoemaker Dr. Martens reported a big jump in first-quarter revenues, driven by continued growth in online sales and the reopening of stores. Revenues in the three months to June 30 rose by 52 percent year-on-year to £147.3 million (€173m-$205.6m). This was against a Covid-19-impacted comparative in 2020 ...
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ArticleHow Ralph Lauren transformed into a data-driven organization reviving brand relevance and driving sales
The historic American apparel brand’s sales revenue has been in decline. But by using data to understand customers better, it has carved out a brighter future.
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News briefs
Shoepassion launches digital photo measurement tool
Berlin-based footwear company Shoepassion expanded its Shoepassion ID foot measurement tool with a specially developed allocation algorithm that allows to automatically identify the right shoe size through a smartphone camera. Shoepassion ID was launched around a year ago with the aim of facilitating online shopping and to reduce return ...
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News briefs
Lloyd Shoes expands sustainable product range with two new collections
The German shoe maker Lloyd Shoes is expanding its sustainable product range with the launch of new men’s and women’s collections crafted in innovative alternative materials for the coming autumn/winter season. For its sustainable capsule collection, the company uses materials made from recycled marine plastic and plastic from land ...
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ArticlePrada operating profit above pre-Covid level
Prada finished the first half with earnings before interest and taxes (Ebit) above pre-Covid levels thanks to a recovery in sales and disciplined cost management. In the first six months of 2021, overall revenues totaled €1,501 million, up by 60 percent year-over-year on a reported basis and by 66 percent ...
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ArticleSteve Madden Q2 above expectations
Steve Madden posted higher-than-expected results in the second quarter and has shifted a significant part of its production out of China to Mexico and Brazil to address supply chain issues. The company also reported strong growth in Europe thanks to e-commerce.
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ArticleOrthoLite pushes for zero waste in insoles
U.S. insole specialist OrthoLite, a supplier for over 350 footwear brands worldwide, has announced a widespread zero waste initiative to reduce the environmental impact of its products that are used in roughly 500 million pairs of shoes every year. The company’s commitment includes investment in a proprietary manufacturing system that ...
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ArticleSsense: How relentless focus on target market lead to strong sales growth
The Canadian online fashion retailer adopted an alternative approach to its competitors, staying true to its traditional consumer base rather than diluting its offering.
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News briefs
Dr. Martens opens a store in Hamburg
On July 22, Dr. Martens opened its first store in Hamburg on Mönckebergstrasse in Hamburg. The 107 square meter store contains artwork made by the local graffiti artist Anna T-Iron. Mönckebergstrasse is close to the main train station and one of the city’s busiest shopping streets.
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News briefs
LVMH fashion and leather goods sales surge
Organic sales of the fashion and leathergoods division of the French luxury goods conglomerate LVMH rose by 81 percent year-over-year in the first half. On a reported basis, sales for the division were up by 74 percent to €13.863 billion. When compared with the first half of 2019, organic sales ...
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News briefs
YouTube acquires Indian social commerce platform Simsim
Google Inc, a subsidiary of technology holding Alphabet Inc, announced it has reached a definitive agreement for YouTube to acquire the Indian social commerce startup Simsim, which has a reach of more than 450 million active users per month, for more than $70 million. The acquisition is expected to help ...
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News briefs
Klarna acquires influencer and performance marketing solution APPRL
Klarna, the Swedish retail banking, payment and shopping service, has announced the acquisition of APPRL, a SaaS platform that enables content creators and retailers to work together seamlessly to deliver informative shopping content to consumers around the world. Klarna sees itself as a global growth partner for its more than ...
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News briefs
New study says contactless card transactions will reach $2.5 trillion by 2021
The value of global contactless card transactions will reach $2.5 trillion in 2021, up from $1.7 trillion in 2020, and cards will continue to account for the largest share of total transaction value in 2021, at 79 percent, according to a new report from U.K.-based market research firm Juniper Research. ...
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News briefs
Ferragamo board director leaves to head RAI
Salvatore Ferragamo said that Marinella Soldi, an independent non-executive board director and chairwoman of the nomination and remuneration committee, has resigned with immediate effect for professional reasons. At the time of her resignation Soldi did not hold any shares in the company. Soldi was appointed chairwoman of the Italian state ...
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ArticleC-Suite interview: Pikolinos believes it will take several years to return to pre-Covid levels
“We are closing fiscal 2021 with a decline of about 30 percent in revenues compared to the previous years,” said Juan Manuel Perán, CEO of the Spanish shoe company Pikolinos in an exclusive interview with Shoe Intelligence. The company’s fiscal year runs from May 1 to April 30. Perán remains ...
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News briefs
Clarks launches style using surplus materials
Clarks Originals has released a new style called Wallabee Patch whose upper is made by using surplus materials to create a ”unique camouflage design.” The company said that Wallabee Patch ”combines sustainable production with our iconic moccasin silhouette.” It added that the rubber crepe sole is Forest Stewardship Council-certified and ...
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News briefs
Genesco wins board battle
The management of Genesco has won a battle for the control of the board of directors against the activist shareholder Legion Partners Asset Management, which owns 5.6 percent of the capital of the U.S. footwear company. Genesco said that shareholders voted ”overwhelmingly” to re-elect all nine of the company’s director ...
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News briefs
LIR 2020 net profit shrinks to €0.6m
LIR, the family holding company that controls Geox and Diadora as well real estate assets through Domicapital, posted a net profit of €627,000 in 2020 compared with earnings of €6.52 million in 2019. The company ended 2020 with €817 million in equity and €268 million in liquidity. ...
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News briefs
Holger Rosemann becomes CEO of AstorMueller
Swiss shoe manufacturer AstorMueller has announced the name of its new CEO. Starting on Sept. 1, Holger Rosemann will take the helm of the company from Peter Schüpbach, who has been serving as interim CEO since May 1. Rosemann, 52, was most recently head of operations value chain and ...
