Product & Marketing – Page 214
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News briefs
John Lobb opens a store in Paris
John Lobb has opened a club-like store, with interior design by the French firm Ciguë, at 51 rue François Premier in Paris. The brand’s CEO, Philippe Gonzalez, described it to Fashion Network as a “place and moment to cool down.” “Even if you don’t buy today,” he continued, “you will ...
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ArticleInditex sales surge past 2019 level as store reopenings continue
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe, saw sales at the start of its second quarter push past the 2019 level, helped by the reopening of stores and the popularity of Spring collections. In the May 1 to ...
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News briefs
Vans introduces the Eco Theory collection
Vans has introduced a new take on some of its best-known silhouettes, made from responsibly sourced materials. The new capsule collection, dubbed the “Eco Theory” line, features new takes on the Authentic, Slip-On and Style 36 models. For the Eco Theory, Vans has used materials like natural rubber, organic cotton, ...
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News briefs
Wolverine sees Q2 revenues increasing year-on-year
Wolverine World Wide expects second-quarter revenues to grow year-on-year. The company noted that its performance has accelerated in the second quarter of the year, driven by the strength of its largest brands, Merrell, Saucony and Sperry, and “compelling product innovations.” The company’s portfolio also includes Hush Puppies, Wolverine, Keds, Chaco, ...
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News briefs
Pinterest brings shopping functions to Australia, Canada, France and Germany
The Pinterest photo app wants to become more of a shopping platform internationally. After the U.S. and U.K., the company’s shopping functions will now also be available in Australia, Canada, France and Germany. Users will thus have the opportunity to buy products directly via pins, pinboards and search results. The ...
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News briefs
EU updates VAT rules for international online trade
New EU tax rules for orders placed with non-European online retailers will come into force at the beginning of July. The most important change is the elimination of the previous exemption limit of €22 for direct (B2C) imports. This means that import VAT will be due on all packages, with ...
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News briefs
Ferragamo in perfume license talks with Interparfums
Salvatore Ferragamo is in exclusive negotiations with Interparfums, a manufacturer and distributor of prestige perfumery and cosmetics, to manage the worldwide license of Ferragamo brand perfumes.
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ArticleSpartoo makes first step towards an IPO
The French e-commerce Spartoo said that the French financial market regulator AMF has approved its registration document in view of a possible initial public offering (IPO) on the Paris stock exchange. Boris Saragaglia, Spartoo’s co-founder, chairman and CEO said “we are convinced that a stock market listing will enable us ...
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ArticleSecond-hand marketplace Depop bought for $1.625bn
Etsy, an American e-commerce company focused on handmade or vintage items and craft supplies, is buying Depop, a London-based marketplace for the resale of fashion items, for $1.625 billion consisting primarily of cash. The transaction is expected to close during the third quarter of 2021. Depop will continue to be ...
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News briefs
René Caovilla reshuffles its management
The Italian luxury footwear brand René Caovilla has undergone a management reshuffle after Edoardo Caovilla quit the company in February. In an interview with the daily Corriere della Sera, René Fernando Caovilla said that his son Edoardo had left after “several years at my side and is now involved in ...
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News briefs
Capri names Jenna Hendricks chief people officer
Capri Holdings, the parent company of Jimmy Choo, Versace and Michael Kors, promoted Jenna Hendricks senior vice president, chief people officer effective June 1. Hendricks will be responsible for leading the global human resources organization for the group across all three luxury houses. She will continue to report to Capri’s ...
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News briefs
FDRA’s new leadership team takes office
On June 1, the new leadership team of Footwear Distributors and Retailers of America (FDRA) became effective after having been approved by the association’s board during a virtual meeting on March 24. Cliff Sifford, the vice chairman and CEO of Shoe Carnival, was unanimously selected to become chairman. Sifford was ...
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News briefs
Pakistan’s footwear exports rise in volume, fall in value
In the first ten months of Pakistan’s fiscal year, which ends on June 30, footwear exports rose by 18.9 percent year-over-year in volume to 14.24 million pairs but fell by 1.0 percent in value to $107.35 million, with leather footwear representing 82.0 percent of the total value, according to the ...
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News briefs
JD transfers Dutch chains to ISRG
JD Sports Fashion is selling two Dutch chains of sporting goods stores, Aktiesport and Perry Sport, to the Iberian Sports Retail Group (ISRG), in which it holds a controlling interest off 50.02 percent, for £16.5 million (€19.2m-$23.3m). The rationale behind the transaction, which is expected to be completed on June ...
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ArticleGerman retailer Peek & Cloppenburg buys Magasin du Nord
Debenhams’ Danish department store Magasin du Nord has been acquired by the German retailer Peek & Cloppenburg. The Düsseldorf-based company bought the retail chain’s seven stores for an undisclosed amount, marking its debut in the Scandinavian market after its expansion into Eastern Europe. Established in 1868, Magasin du Nord ...
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News briefs
Covid-vaccinated Europeans to enter France freely from June 9
Europeans vaccinated against Covid-19 will be able to enter France without a PCR test from June 9, said the Transport Minister Jean-Baptiste Djebbari. From June 9 “vaccinated Europeans can come to France without a PCR test,” he said in an interview with the television CNEWS.
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ArticleWestfalika changes its operating model with Ozon
OR Group, the Russian group previously known as Obuv Rossii, has changed its working relationship with the Russian e-commerce platform Ozon. Since May, the collaboration is based on the fulfilment by seller model, under which goods are sold on Ozon but stored in an OR Group warehouse. Upon receipt, an ...
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ArticleANWR’s financial services offset declines at retail
The German-based ANWR Group maintained its overall invoiced purchasing volume virtually stable at €17,845 billion in 2020, compared with €17,804 million a year earlier, thanks to growth at its financial services business which offset a decline in retailing caused by the Covid-19 pandemic. Sales for the footwear business fell by ...
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News briefs
Puma expands its offer of sustainable sneakers
Puma has created a new midsole that is made with sugar cane and is introducing new footwear styles made with recycled materials, the company has announced, as part of its plan to make its entire product range more sustainable. Better Foam contains at least 35 percent bio-based materials that ...
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News briefs
Claus Gese leaves Hamm Market Solutions to set up his firm
Claus Gese is leaving his post as managing director of the German wholesale footwear distributor Hamm Market Solutions on July 1 to focus on setting up his own sales agency. At the start of the spring/summer 2022 sales season, Gese Consulting GmbH will take over the distribution of the ...
