Product & Marketing – Page 215
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News briefs
Russian labeling causing problems for shoe imports
The mandatory labeling introduced by the Russian government for footwear is causing problems with imports, according to market participants. As foreign suppliers are not familiar with labeling rules, Russian importers have to print the labels and send them to their partners with clear instructions on how they must be used, ...
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News briefs
Snipes buys the Polish chain Distance
Snipes, the German-based sneaker and streetwear retail chain owned by Deichmann, is expanding in Poland with the acquisition of the retailer Distance. The deal still has to obtain regulatory clearance and no financial details were released. Distance has been active in Poland since 2003. It has 31 stores and an ...
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News briefs
Oerlikon diversifies into luxury goods components with Coeurdor acquisition
The Swiss industrial group Oerlikon has bought Coeurdor, a French producer of components for the luxury goods sector. No financial details were released. “With this acquisition, we are expanding our offering and foothold in the luxury goods market,” said Markus Tacke, CEO of Oerlikon’s Surface Solutions division. Coeurdor is a ...
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News briefs
Sneaker subscription platform KYX launched
The sneaker subscription platform KYX World, which has a “try-before-you-buy and non-committal sneaker access model”, was launched on June 1. By subscribing to the platform users can obtain “fresh sneakers” every month and then “wear them, and then choose to keep them, buy them, or swap them out for a ...
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News briefs
Shopify and Google deepen retail collaboration
Shopify reports that it has expanded its partnership with Google to help merchants of all sizes benefit through improved discovery and a higher-conversion checkout while simplifying the onboarding process for Shopify merchants joining Google. Shop Pay, which Shopify says is the fastest and most secure way to pay online, ...
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News briefs
Tod’s brand names new marketing and communications head
The Tod’s brand has appointed Michele Giacalone as chief marketing and communications officer. He joins the company after 10 years at the Paris office of the fashion services agency KCD, where he was managing director. Giacalone will be based in Milan and will report to Carlo Alberto Beretta, the general ...
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News briefs
Ecco to hold Hot-Shop event Aug.31-Sept.3
Ecco Leather, the leather manufacturing division of the Danish footwear company Ecco, is holding its Hot-Shop event from Aug. 31 to Sept. 3. ”This time around we will be exploring the notion of bringing low-fi ingenuity into a virtual and non-defined future,” the company said without giving further details ...
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News briefs
Brand sustainability has growing influence on purchasing decisions globally
In partnership with Morning Consult, U.S.-based financial services firm Stifel surveyed 4,756 U.S. consumers aged 18 to 55 who are interested in active/casual lifestyle brands, as well as an additional 5,259 consumers in the U.K., Germany, France, Italy and China about their sustainability behaviors. The study shows an increasing emphasis ...
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News briefs
Textiles Circularity Centre opens in the U.K.
The Textiles Circularity Centre (TCC), one of five circular economy centers funded by the UK Research and Innovation (UKRI) Interdisciplinary Circular Economy Centres Programme, opened its doors on May 24. The center aims to turn post-consumer textiles, crop residues and household waste into renewable materials for use in textiles. In ...
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News briefs
GfK sees slow possible recovery of consumption in Germany
In its monthly study in Germany this May, GfK market researchers found consumer sentiment that has been “rather bright than muted,” because of falling illness rates and success in Covid-19 vaccinations. With more employees coming out of short-time or remote work and incremental re-openings of stores and restaurants, conditions are ...
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News briefs
VF launches new incubator platform for innovative business models
VF Corp. has launched Venture Platforms, an “innovation pillar that will focus on identifying and investing in new, future-focused opportunities.” The new initiative will add a specific innovation-focused component to the existing brand portfolio strategy by identifying and investing in new, forward-looking companies and business models. “We’re interested in ideas ...
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ArticleGenesco exceeds its expectations in Q1
In the first quarter ended on May 1, Genesco “meaningfully” exceeded its expectations by posting a 93 percent year-over-year increase in net sales to $539 million. Compared with two years ago, revenues were up by 9 percent despite the ongoing impact of the Covid-19 pandemic, especially in the U.K. and ...
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ArticleJimmy Choo reduces its operating loss
In the fourth quarter ended March 27, Jimmy Choo posted revenues of $124 million, up by 15.9 percent compared to the prior year on a reported basis and by 10.3 percent on a constant currency basis. The operating loss was cut to $18 million from $23 million a year earlier ...
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ArticleNike stops supplying Designer Brands
Nike has decided to stop supplying Designer Brands as the U.S. footwear company, largely known for its DSW banner, builds up its direct-to-consumer strategy while increasing its exposure to athletic shoes. Nike is engaged in a policy of eliminating many “undifferentiated” wholesale accounts. Nike, which is Designer Brands main vendor ...
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ArticleCaleres' Q1 sales jump 61% led by Famous Footwear
Caleres’ sales in the first quarter ended on May 1 jumped by 60.9 percent year-on-year to $638.6 million and its bottom line moved into positive territory, lifted by record quarterly earnings and sales at its Famous Footwear retailer business and an “accelerated recovery in the marketplace”. Sales for Famous Footwear ...
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News briefs
Japan prolongs state of emergency to June 20
The Japanese government has extended a state of emergency in Tokyo and other areas of the country due to the Covid-19 pandemic to June 20, just over a month before the planned start of the Toyko Olympics on July 23. The restrictive measures currently in place, which are less rigid ...
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ArticleHotter slated for stock market listing in the fourth quarter
Electra Private Equity plans to list Hotter Shoes on the AIM segment of the London Stock Exchange in the fourth quarter of this year as part of its efforts to maximize the value of its investments and return cash to shareholders. The private equity also intends to list the restaurant ...
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News briefs
Hanwag to produce 400,000 pairs for its centenary
Hanwag, the Bavarian outdoor footwear company, has said that it will celebrate its centenary by making 400,000 pairs of boots and shoes. The business was founded in 1921 by Hans Wagner, the son of a shoemaker, in the village of Vierkirchen, north of Munich. Wagner’s business specialized in handmade, double-stitched ...
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ArticleSchuhe.de reports strong first quarter as consumer behavior shifts
Comfortable and functional shoes have driven a surge in demand on ANWR Media’s retail platform www.schuhe.de in the first quarter. Since the beginning of the coronavirus pandemic, online retail has gained even more traction, and more and more retailers have relied on www.schuhe.de, the company explained. Click & Collect orders ...
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News briefs
Reef partners with Life is Good on footwear range
Reef has partnered with Life is Good on a range of sandals and thongs for both men and women that is meant to celebrate fun, freedom and the spirit of the beach. The collection features Life is Good’s inspirational designs. Life is Good defines itself as “a positive lifestyle apparel ...
