Product & Marketing – Page 207
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ArticleBrazilian exports rise by a third in volume
In the first half of 2021, Brazilian footwear exports rose by 17.7 percent in value to $389 million and by 32.3 percent in volume to 57 million pairs compared with the previous year when trade was depressed by the Covid-19 outbreak, according to data released by the local footwear association ...
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News briefs
Stella Q2 sales rise by 58.1%
The sales of the Hong-Kong-based footwear group Stella International rose by 58.1 percent to $392.1 million in the second quarter from $248.0 million a year earlier, when sales were negatively impacted by the outbreak of the Covid-19 pandemic. Top line growth was also underpinned by a recovery in orders in ...
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Lenzing and Orange Fiber cooperate on new lyocell fiber made from orange pulp
Lenzing and Orange Fiber, an Italian company that has patented the pulp production process for citrus by-products, have unveiled the first Tencel brand lyocell fiber made from orange pulp and wood sources. With this new product, the companies aim to improve sustainability in the textile and fashion industry. As part ...
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ArticleCovid outbreak closes major factories in Vietnam
A sudden and violent outbreak of the Covid-19 epidemic in Ho Chi Minh City (HCMC) and its environs is expected to delay shipments of shoes and apparel and may result in a loss orders for local manufacturers, according to the local NV Express, which cited the shutdown of 29 companies’ ...
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Norda launches trail running shoe using bio-based Dyneema fiber
Norda, a young Canadian brand of running shoes, introduced the first seamless trail running shoe made from bio-based Dyneema fiber, produced by Royal DSM. DSM claims that bio-based Dyneema performs exactly the same as conventional Dyneema, with a carbon footprint 90 percent lower than high-performance polyethylene, thanks to the use ...
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News briefs
EU asks for comments on 'vertical' supply chain agreements
The European Commission has launched a final public consultation on the anti-trust implications of so-called “vertical agreements” between companies operating at different levels of the supply chain in order to update and improve its Vertical Block Exemption Regulation (VBER) and the related Vertical Guidelines. The EU is asking stakeholders to ...
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ArticleAsos warns of volatility ahead as global sales rise
The British online fashion firm Asos warned of volatility in the months ahead as it reported a rise in sales and maintained its annual profits guidance. It added that profits were being squeezed by increased freight costs and global supply chain disruption caused by the Covid-19 pandemic and Brexit. “The ...
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News briefs
Görtz expands its e-commerce reach
German footwear chain Görtz is further expanding its online presence with an accelerated overhaul of its retail strategy. Under the “Görtz Connected” concept, a cornerstone of the Hamburg-based company’s revamped digital-driven strategy consisting in enhancing its Goertz.de website with the opening of an online store for brand partners in ...
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ArticleBoohoo ties-up with Alshaya to expand Debenhams in Middle East
Boohoo has formed a partnership with Kuwait-based Alshaya Group to expand the presence of the British fast fashion retailer’s Debenhams brand in the Middle East. Alshaya, a franchise operator which currently runs Debenhams stores in shopping malls, will have exclusive rights to operate the stores and a local e-commerce platform ...
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News briefs
Keen opens a factory in the Dominican Republic
The Portland, Oregon-based footwear brand Keen announced the opening of a sandal-focused factory in the Dominican Republic with 55,000-square-feet of manufacturing space. The plant, located in Santiago. will produce the company’s footwear, led by the Newport H2 sandal. It will have an initial annual capacity of 500,000 pairs, which will ...
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News briefs
Crocs files lawsuits against 21 companies in the U.S.
Crocs has filed lawsuits in various U.S. District Courts against 21 companies alleging infringements of its registered trademarks. The company is seeking monetary damages for alleged violations of certain intellectual property relating to Crocs’ three-dimensional trademark rights. The defendants include Cape Robbin; Bijora; Dr. Leonard’s Healthcare; Crocsky; Fujian Huayuan Well ...
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Italy to receive €25 bn from EU by early Aug
At the end of July or early August, Italy will receive a first instalment of about €25 billion from the European Commission as part of the Next Generation EU program, according to the Italian economy minister Daniele Franco. The monies are part of a stimulus package financed by the European ...
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ArticleGerman e-commerce grows strongly, marketplaces on the rise
Figures published for the second quarter of 2021 by the German e-commerce and mail order trade association, BEVH, show an unbroken overall trend toward e-commerce and the use of online marketplaces for all types of goods in Germany, even though restrictions on brick-and-mortar retailing have been eased. After a strong ...
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ArticleNordstrom invests in Asos brands
The American department store chain Nordstrom has bought a minority stake in four brands owned by the British online fashion retailer Asos as it pushes to grab a share of the lucrative 20-something market. Nordstrom will take a minority stake in the Topshop, Topman, Miss Selfridge and activewear HIIT brands, ...
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News briefs
EU postpones introduction of digital tax
The European Commission has postponed until October a European Union proposal to introduce a tax on digital companies to help fund a recovery plan aiming at stimulating the continent’s economy in the wake of the Covid-19 pandemic. A spokesperson for the commission said it is focusing attention on resolving open ...
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News briefs
PacSun enters the sneaker resale market
The American clothing brand Pacific Sunwear of California (PacSun) has entered the sneaker resale market with the initiative PS Reserve. The service was launched on July 5 and is accessible through PacSun’s website. It offers a mix of sneakers, clothing and accessories from leading brands including Nike, Adidas and Supreme. ...
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ArticleHow About You has become Europe’s fastest-growing online fashion platform
The company is using technology – and good timing – to stand out in a crowded market of online retailers.
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Elisabet obtains Calvin Klein Jeans license for kids’ shoes
Elisabet will be manufacturing children’s shoes under the Calvin Klein Jeans brand starting with the spring/summer 2022 collection. The agreement was reached with the brand’s owner PVH Corp and covers Europe, Middle East and Africa. The Italian footwear manufacturer already has a license agreement for children’s shoes with Tommy Hilfiger, ...
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News briefs
Clarks staff ready to strike to avoid cut in labor rights
Workers at Clarks are considering taking strike action over plans by the British shoe company to fire and then rehire them on inferior terms. Loss-making Clarks was taken over by Hong Kong-based private equity firm LionRock Capital earlier this year as the Clark family lost control of the business for ...
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ArticleSpartoo raises €23.7m through a capital increase
The French footwear and fashion e-retailer Spartoo raised a gross €23.7 million through the issuance of new shares sold in an initial public offering (IPO) that completed on July 2. Based on the midpoint of its price range, the company was expecting gross proceeds of about €25 million, or €22.2 ...
