Product & Marketing – Page 208
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News briefs
Simac Tanning Tech to be held on Sept 22-24
Simac Tanning Tech, the trade show focused on machines and technologies for the footwear, leather goods and tanning industry, will be held Sept. 22-24 at the Milano Fiera Rho exhibition hall. The organizers said that the trade fair closed its first round of applications with more than 200 exhibitor requests, ...
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News briefs
Luis Onofre re-elected president of CEC
Luis Onofre was unanimously re-elected for a second two-year term as president of the European Confederation of the Footwear Industry (CEC). The European footwear industry consists of 21,000 companies responsible for 278,000 people. Onofre is also president of Apiccaps, the Portuguese association grouping footwear, components and leather goods manufacturers. ...
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News briefs
Ferragamo in fragrance agreement with Inter Parfums
Salvatore Ferragamo has granted an exclusive and worldwide license to Inter Parfums for the production and distribution of Ferragamo brand perfumes. The agreement will be effective from October 2021 and will last for an initial term of 10 years. ”In order to assure the highest level of coordination with Ferragamo ...
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ArticleU.S. faces a record hike in footwear prices as economy reopens
The supply disruptions caused by the Covid-19 pandemic are pushing up footwear prices in the U.S. as consumer spending picks up with the reopening of the economy. Large brands are also coming out of the pandemic stronger than their smaller rivals and are ready to engage into acquisitions, which ...
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ArticleAllbirds makes 10 sustainability commitments for 2025
Allbirds, the B Corporation certified Californian brand of footwear and apparel, has announced 10 sustainability commitments to be achieved by 2025. The objectives come under three categories: regenerative agriculture, renewable materials and responsible energy use. The two regenerative agriculture pledges are that all wool will come from regenerative sources and ...
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News briefs
Spanish consumers like shopping both online and in stores
According to the “Estudio E-Commerce 2021,” a study put out by IAB Spain and Elogia, the distinction between e-tail and physical retail has blurred this year in Spain to the point of indifference for 58 percent of the country’s consumers. This is an increase of six percentage points from last ...
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ArticleKlarna acquires social shopping platform Hero
Klarna, the retail banking, payments and shopping service from Sweden with over 90 million active users worldwide and 2 million transactions per day, has acquired Hero, a social shopping platform founded in 2015 and based in London and New York. Hero aims “to provide consumers with inspiration, advice and immediately ...
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News briefs
Crocs teams up with Gen.G and Minecraft for latest collection
Crocs has teamed up with Gen.G, the owner and operator of e-sports teams, to channel the release of its All Family Tie-Dye collection through a Minecraft build competition. On the dedicated Crocs World server, competitors receive a plot of “land” on which to create a structure to “showcase their personalities ...
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News briefs
Baden expects 2021 to be above pre-crisis levels
In 2021, the Russian footwear producer Baden expects to increase in sales by 15 to 17 percent compared to pre-Covid levels, according to its general director Vitaly Stepin. He noted that although the demand is recovering in Russia, customers are focusing on cheaper footwear. “Companies in above-average price segments are ...
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ArticleOVS jumps to top of fashion transparency ranking but sector progress ‘too slow’
The Italian retailer OVS jumped to the top spot in the 2021 Fashion Transparency Index published by Fashion Revolution as the global activism movement pushing for greater disclosure in fashion supply chains warned that progress in transparency in the sector generally remains “too slow”. OVS reached 78 percent of the ...
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News briefs
Wildberries to accept payment by instalments in Russia
The Russian online retailer Wildberries is expanding a new financial service enabling clients to pay by instalments. Interest-free instalments have so far been available only for some household appliances and electronics. But, Wildberries plans to expand the range of products that can be bought in instalments to 11 million items. ...
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News briefs
Helmut Seidl appointed export manager at Gabor
A new export manager takes the helm at the German shoe manufacturer Gabor. Helmut Seidl, 49, took up the post on July 1, as Bernd Scharsig retired after holding the position for 39 years. Seidl was responsible for new markets at Gabor’s export department for 25 years, serving as Scharsig’s ...
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ArticleItalian footwear production down 6.4% in Q1
Despite a 47.9 percent year-on-year surge in output in the month of March, Italian footwear production fell by 6.4 percent in the first quarter compared with the previous year as the industry continued to be affected by the impact of the Covid-19 pandemic. The decline reached 29.9 percent when compared ...
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News briefs
Grendene plans a distribution partnership with 3G Radar
Grendene signed a non-binding memorandum of understanding with 3G Radar to create a joint venture to distribute and sell the Brazilian shoemaker’s products in certain foreign markets. The two companies plan to sign a shareholder accord and a master distribution and franchise agreement (MFDA) within 90 days. Under the terms ...
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ArticleStocks of footwear firms benefit from the re-opening of the economy in Q2
In the second quarter, stocks of footwear companies were generally higher as they benefited from the reopening of the economy, following the easing of Covid-19 restrictions, and a subsequent rebound in the consumption of clothing and shoes. Large U.S. footwear companies, which had already posted strong gains in the first ...
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News briefs
Heat wave spurs demand for light shoes in Russia
The demand for sandals and open-toe shoes skyrocketed in Russia during the past few weeks in the wake of an abnormal heat wave in the European part of the country, the Russian marketplace Lamoda reported. Sales of sandals jumped by 182 percent and grew by 164 percent for open-toes shoes ...
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News briefs
Global Brands Group delays release of annual results
Global Brands Group postponed publishing annual results for the financial year ended March 31, as its auditors sought more information about its ability to operate on a going concern basis before approving the financial statement. The company said it is now responding to questions from auditors “in particular in connection ...
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News briefs
Kurt Geiger hires a chief merchant of luxury
The British luxury footwear and accessories retailer Kurt Geiger has hired Helen David as chief merchant of luxury. David was previously chief growth officer at the London-based fashion house Ralph & Russo. Prior to that she was chief merchant at the London luxury department store Harrods.
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News briefs
REV buys Ralph & Russo
Retail Ecommerce Ventures (REV) has made a successful bid to acquire the business and assets of Ralph & Russo, a British fashion house in administration. Paul Appleton, of Begbies Traynor Group, and Andrew Andronikou, of Quantuma Advisory, were acting as Ralph & Russo’s joint administrators and conducted the sales process ...
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News briefs
Kenneth Cole in licensing deals with Eastman Footwear, Vida Shoes
The American fashion house Kenneth Cole has entered into licensing partnerships with Eastman Footwear Group and Vida Shoes International for men’s and women’s footwear. Beginning with spring 2022, Eastman will be responsible for the development, sourcing, production and sales of men’s shoes under the Kenneth Cole New York, Kenneth Cole ...
