Product & Marketing – Page 21
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ArticleGlobal market for personal luxury goods seen declining by 2-5% in 2025
The global market for personal luxury goods is expected to decline by 2-5 percent this year after falling by 1 percent at current exchange rates to €364 billion in 2024, according to a report released by the consultancy Bain & Company in partnership with Altagamma, the Italian luxury goods ...
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ArticleANWR Group streamlines its structure
The German buying group ANWR launched a structural reform aimed at boosting efficiency by streamlining operations. At its annual general meeting on May 26, the cooperative’s members approved the merger of ANWR Garant International GmbH (AGI) into ANWR eG, a move designed to cut the number of subsidiaries by approximately ...
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ArticleHeiko Hüdepohl takes over shoe distribution for s.Oliver
s.Oliver is overhauling its shoe and accessories sales strategy and operations. Starting with the spring/summer 2026 collection, Heiko Hüdepohl will be responsible for distributing the entire line of s.Oliver shoes and bags across Europe, working alongside a newly formed sales team, the German brand said in a statement. Since ...
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ArticleGörtz closes its last store in Hamburg amid ongoing insolvency turmoil
Görtz has closed its store in Hamburg’s Europa Passage, the last remaining shop in the hometown of the troubled German footwear retailer. Leftover stock from the closed store has been transferred to locations in Lübeck and Oldenburg, which remain operational. According to insolvency administrator Gideon Böhm, some staff will continue ...
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News briefs
Piccadilly celebrates 70 years
On June 15, Piccadilly celebrated its 70th anniversary with an exclusive dinner at Spiaggia Olivi, on the shores of Lake Garda, in Riva del Garda, Italy. The event took place at the same time as Expo Riva Schuh, the footwear trade show held from June 14 to 17. The event ...
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News briefs
Lotto strengthens its German sales team
Fashioncenter GmbH is expanding the sales team for the casual footwear and sneaker brand Lotto with the addition of Nadja Molnar and Uwe Semrau, who are joining the company for the spring/summer 2026 order round. The new hires will work alongside industry veteran Matthias Bahl, who came on board ...
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News briefs
Hanwag bolsters its sales team
The hiking and mountaineering boot manufacturer Hanwag, part of Fenix Outdoor AB, is expanding its sales team in Germany. Niklas Scherer was appointed Regional Sales Manager for Northern and Eastern Germany, succeeding André Pries. A trained industrial plant mechanic, Scherer brings extensive experience as a sales consultant, buyer ...
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News briefs
Asos changes CFO
Asos has appointed Aaron Izzard as Chief Financial Officer and Executive Director with effect from July 1. He succeeds Dave Murray who will be leaving to pursue other opportunities. Murray will step down as CFO and Executive Director on June 30. “Aaron brings more than two decades’ experience across a ...
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ArticleKering names a new CEO
Kering’s board appointed Luca de Meo Chief Executive Officer as the French luxury goods group reorganizes its top management by separating the positions of Chairman and CEO, jobs currently held by François-Henri Pinault ”This governance structure is in line with best practices for major listed companies,” commented Kering. The ...
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News briefs
Hartjes takes over Vital Schuhe
The Austrian comfort shoe manufacturer Hartjes GmbH is expanding its footprint with the acquisition of the Vital Schuhe brand as Vital’s managing director Michael Neuner, a member of the company’s founding family, retires after 33 years in the footwear industry. Effective Aug. 1, 2025, Vital HSP GmbH, a newly established ...
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ArticleC-Suite interview: Velasca aims to double its store network by end 2028
In less than a year, Velasca, a Milan-based footwear and apparel retailer, has opened 10 shops, bringing the number of locations to 30 worldwide. By the end of 2028, the goal is to double that number to 60. After opening a third store in Paris and a second one in ...
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ArticleLowa and Ecco close factories in Slovakia
The German outdoor footwear brand Lowa Sportschuhe GmbH and the Danish footwear brand Ecco are set to close their production facilities in Slovakia in the summer of 2025. The decisions raise questions about the future of the country’s footwear industry, which has been hampered in recent years by rising energy ...
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ArticleDesigner Brands shifts focus to cutting costs, protecting margin after ‘soft start’ to 2025
Designer Brands said it was withdrawing sales and earnings guidance for the full year and shifting its focus to cutting costs, protecting margins and mitigating the impact of tariffs amid macroeconomic uncertainty, deteriorating consumer sentiment and a “soft start” to its fiscal year. The company, which owns the DSW chain, ...
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ArticleHow Cortina took advantage of an ‘incredible opportunity’ to shake up its private label business
For Cortina, its private label business has been at the core of the company’s operations since the company was set up in 1950. After decades of expanding its design, sourcing, sales and logistics capabilities, the Belgian footwear designer and distributor recently decided to shake up its private label operations with ...
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ArticleInditex posts disappointing Q1 sales
In the first quarter ended April 30, Inditex saw its sales grow by 1.5 percent to €8.3 billion. The top line was 4.2 percent higher at constant currencies and up by 5.3 percent adjusted for the calendar effect of the leap year. The group said that its spring/summer collections were ...
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News briefs
Pension fund sues Skechers regarding acquistion by 3G
A pension fund, the Key West Police Officers & Firefighters Retirement Plan, has filed suit in Los Angeles Federal Court against Skechers, according to Reuters and others. The fund is suspicious of Skechers’ proposed acquisition by 3G. Its filing cites another article by Reuters, which itself cites Tom Nikic, who ...
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News briefs
Portuguese footwear industry signs new labor contract
The Portuguese footwear association Apiccaps said that it has reached a labor agreement with Fesete, the local trade union covering the textile, clothing, footwear and leather industries, covering 42,000 workers and 1,900 companies in the country. The new contract was approved by 10 of the 11 unions forming Fesete ...
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ArticleDr. Martens to cut discounts, widen offering as part of new CEO’s turnaround plan
Dr. Martens is cutting discount sales and promoting other products as it forecast a return to profit this financial year under a turnaround plan led by its new boss Ije Nwokorie. The British footwear group said its narrow focus on boots “failed to take full advantage of our strong shoes, ...
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News briefs
Eurofins expands its Bangalore consumer product testing facilities
Eurofins has expanded its Indian testing laboratory for consumer products, including footwear, in Hongasandra, Bangalore. ”This strategic investment doubles the Bangalore laboratory’s footprint and offers enhanced capabilities, enabling a significant leap in compliance and performance testing tailored to the evolving needs of India’s textile, apparel, footwear, and leather goods markets. ...
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ArticleGenesco reaffirms earnings guidance after better-than-expected Q1
Genesco reaffirmed its earnings guidance for its full fiscal year, after turning in a better-than-expected top and bottom line performance in the first quarter and putting in place mitigation measures to offset the impact of US import duties. In the three months ended May 3, Genesco’s sales rose by 4 ...
