Product & Marketing – Page 217
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News briefs
U.K. retail sales surge driven by clothing and footwear
In April, U.K. retail sales rose by 9.2 percent month-on-month in volume thanks to the easing of Covid-19 restrictions, including the re-opening of all non-essential retail from April 12 in England and Wales and from April 26 in Scotland. During the period, sales for textile, clothing and footwear stores rose ...
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ArticleRussian shoemaker Bris-Bosfor under court administration
The arbitration court of Krasnodar Krai has ordered a surveillance procedure for Bris-Bosfor following an insolvency request. The company, founded in 1999, is one of the largest footwear producers in southern Russia. An interim management was appointed and the supervision period is scheduled to last until Oct. 20. Bris-Bosfor manufactures ...
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ArticleAra Shoes says Russia is currently one of the best markets in Europe
The Russian shoe market is currently one of the best performing in Europe, where other markets have been more severely hit by the Covid-19 pandemic, Lillian Roor, sales director for Russia of the German company Ara Shoes, told the Russian publication Shoes Report. In the interview, she says that ...
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ArticleDeckers’ sales growth gains momentum in Q4
Deckers Brands’ sales growth gained momentum in the fiscal fourth quarter, led by the continued global expansion of Hoka One One and a strong showing at its core Ugg brand. Sales in the three months ended March 31 increased by 49.7 percent to $561.2 million and were up by 47.9 ...
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ArticleBlockchain technology: hype or helpful?
Blockchain technology (BT) is generally associated with cryptocurrencies, but it is rapidly being adopted in other sectors to streamline bureaucracy and foster transparency. In February 2019, the Italian industry ministry announced plans to set up, jointly with the computer giant IBM, a national scheme using BT to guarantee the traceability ...
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News briefs
TXJ swings back to a profit
In the first quarter ended May 1, the U.S. off-price apparel and home fashions retailer TXJ posted a net income of $534 million, resulting in diluted earnings per share of $0.44, against a net loss of $887 million, or $0.74 per diluted share, a year earlier when the company was ...
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ArticleChaussea obtains conditional clearance to buy La Halle stores
The French competition authority has approved the purchase of 128 La Halle stores by the footwear retailer Chaussea on the condition that it sells four points of sale to guarantee consumer choice in four catchment areas. The antitrust body, called Autorité de la Concurrence, noted that Chaussea operates stores selling ...
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News briefs
Skechers projects operating margins in the mid-teens
Skechers sees no structural impediment to reaching an operating margin in the mid-teens in the long term, compared with the 10 percent margin reached in 2019. The company told investors at a “Life After Covid” conference organized by Morgan Stanley that its centralized product development, management and marketing structure will ...
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News briefs
Sanuk releases all-gender collection
Sanuk has collaborated with the Pacific Pride Foundation, an LGBTQ+ community center in the California county of Santa Barbara, on an “all gender” footwear collection. The Deckers-owned brand has refashioned its women’s Yoga Sling 2 sandal into the all gender Sling ST, a vegan sandal with Soft Top Foam, and ...
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News briefs
Chaco collaborates with Stadium on slides
Chaco Footwear has collaborated with Stadium Goods, the sneaker and streetwear marketplace, on a series of Chillos Slides in men’s and women’s models. The shoes mark Stadium’s entry into footwear. They are monochromatic (in either of two Stadium colors: Blackout or Whiteout), have adjustable buckles, an EVA midsole and a ...
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ArticleA Dutch start-up offers support for product recalls in Europe
RecallDesk, a new company based in the Netherlands, claims to be the first specialized service provider in Europe that can help suppliers and importers in the consumer goods sector prevent or manage product recalls. Rutger Oldenhuis, the 46-year-old lawyer who runs the company, has gathered experience in this area as ...
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News briefs
Vivobarefoot introduces new high-performance hiking boot “in harmony with nature”
Vivobarefoot has launched the Tracker Forest ESC, its latest high-performance boot for extreme forest and off-road conditions, available in men’s and women’s versions. The new footwear, which is part of the brand’s Extreme Survival Collection (ESC), was designed “in harmony with nature,” the brand said, and is made from renewable ...
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News briefs
3M launches Thinsulate Xerogel Insulation for textiles
3M announced the launch of a new Xerogel technology insulation in the coming months. Comprised of 60 percent post-consumer recycled material, the new 3M Thinsulate Xerogel Insulation is a highly porous structure consisting of 99 percent air for good thermal insulation properties. In order to apply this innovative material to ...
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ArticleShoe Zone trims its store network as losses widen in H1
The British footwear retailer Shoe Zone reported wider first-half losses as Covid-19-related closures led to a sharp fall in revenues. The company reported pre-tax losses of £2.6 million (€3.0m-$3.7m) for the six months to April 3, up from a £2.5 million loss a year ago. Revenues fell by 41 percent ...
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News briefs
Management reshuffle at Sequential Brands
On May 3, William Sweedler resigned as executive chairman of the struggling Sequential Brands Group, which has been granted a waiver on its credit covenant defaults until June 7. The board of directors has elected one of its members, Silvia Mazzucchelli, as chairwoman. The company’s chief financial officer, Lorraine DiSanto, ...
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ArticleBrazilian footwear exports up by 76% in volume in April
In April, Brazilian footwear exports exports rose by 76.0 percent year-on-year in volume to 8.5 million pairs and by 115.0 percent in value to $65 million, according to the Brazilian footwear association Abicalçados. In April 2020, exports were affected by the outbreak of the Covid-19 pandemic in several key markets. ...
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ArticleSchuhplus expands retail network in Germany
Schuhplus, the German mail-order retail specialist for extra-large men’s and women’s shoes, is expanding its retail network with six new store openings across the country. After the recent announcement of a 125-square-meter store in Leipzig’s main railway station, the retailer prepares to open new locations in Dresden, Munich, Nuremberg, ...
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News briefs
Aeffe’s footwear, leather goods business outperforms
In the first quarter of 2021, the footwear and leather goods division of Aeffe, the Italian fashion house that owns Pollini and other brands, posted an increase in sales of 17.1 percent at constant currency rates to €35.9 million. For the group as a whole, sales totalled €80.1 million, up ...
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News briefs
Eram to open stores co-branded with Texto and Bocage
The French footwear retailer Eram has revamped four stores that will be co-branded with its low-to-mid tier brand Texto and premium label Bocage. The stores are scheduled to be launched on May 19 with the easing of Covid-19 lockdown measures in France. Eram first tested a co-branded store with Texto ...
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News briefsGenesco names Parag Desai chief strategy and digital officer
Genesco has appointed Parag Desai senior vice president, chief strategy and digital officer. He previously served as senior vice president, strategy, and shared services since December 2014. In the newly created role, Desai “will continue to provide critical leadership in executing Genesco’s footwear focused strategy and building its shared technology, ...
