Product & Marketing – Page 218
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News briefs
Skechers to open its first French outlet store
Skechers is planning to open its first outlet store in France this summer. The store will be located in Corbeil-Essones, south of Paris. The U.S. brand already has three company-managed shops and nine franchise stores in France.
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News briefs
Micam cautiously optmistic about September edition
Siro Badon, the chairman of Micam and of the Italian footwear association Assocalzaturifici, said that he was “cautiously optimistic” about holding a physical edition of the Milan-based trade fair from Sept. 19 to 21. The physical edition of Micam scheduled from March 21 to 23 was cancelled because of the ...
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Article
Hengst Footwear names Roelof de Leeuw as CEO
On May 1, Roelof de Leeuw became the new CEO of Hengst Footwear, a 120-year old Dutch company owned by the Hengst family. “In its 120 year history, the Hengst family have always been at the helm of the company. In the new structure, the family, especially Hans and Karen ...
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ArticleFarfetch's GMV rises by 49.9% in Q1
The online fashion retailer Farfetch posted a 49.9 percent year-on-year increase in gross merchandise value (GMV) in the first quarter to $915.6 million, driven by a 59.6 percent surge to $790.0 million in GMV generated on the company’s digital platform. GMV stemming from the brand platform grew to $112.3 million ...
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ArticleFerragamo’s operating margins improve sharply in Q1
In the first quarter, Salvatore Ferragamo saw revenues grow by 10.3 percent year-on-year to €244.6 million, missing market expectations by about €1 million. At constant currency rates, the top line increased by 13.0 percent driven by China, which rebounded strongly after bearing the brunt of the Covid-19 outbreak in the ...
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News briefs
Bally and Marquee Brands reportedly vying for Sergio Rossi
Bally and Marquee Brands, a U.S. firm that owns several brands including the Italian shoemaker Bruno Magli, are competing to buy the Italian footwear brand Sergio Rossi from the investment fund Investindustrial, according to the financial information website Mergermarket. According to the website, talks are at an advanced stage and ...
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ArticleAmazon doesn’t owe any taxes in Europe
Amazon EU has won an appeal to Europe’s General Court against a 2017 ruling by the European Commission that ordered it to pay €250 million in back taxes to the government of Luxembourg, which were considered as “illegal state aid.” The Commission reacted with a plea for an international agreement ...
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ArticleYue Yuen swings to Q1 profit
Yue Yuen Industrial posted a net profit of $85.4 million in the first quarter, in the middle of the $80-90 million range that it predicted in April, compared with a loss of $56.3 million the year earlier. The gross margins of its manufacturing business and its Chinese retail subsidiary, Pou ...
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ArticleC-Suite interview: Nice Footwear limits FY sales decline at 15%
The Italian company Nice Footwear has limited at around 15 percent the decline in sales in the full year ended on April 30, 2021, referred to as fiscal 2020, thanks to a recovery in the second part of the fiscal year. In the full year to April 30, 2020, or ...
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News briefs
Havaianas sells five NFTs
Havaianas, the flip-flop brand owned by Alpargatas, has sold its first five NFTs (non-fungible tokens), all designed by Adhemas Batista, an artist who hails from São Paulo but lives in Los Angeles. Grouped under the general title Felicidade (Happiness), the blockchain-bound pieces of digital art sold in exchange for the ...
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ArticleGeox sees ‘almost double-digit’ H1 sales growth after Q1 decline
Geox expects to see “almost double-digit” growth in sales in the first half, as progressive store openings and a positive comparison effect in the second quarter are seen more than offsetting the decline in first-quarter sales. In the first quarter, continued store closures due to Covid-19 restrictions, a rationalization in ...
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ArticleAmazon steps up counterfeit crackdown, blocks 10bn suspected listings
As e-commerce got a further boost from the pandemic and months-long lockdowns in several countries, Amazon has stepped up its brand protection strategy in a bid to uphold its reputation as a dependable online marketplace amid growing numbers of counterfeiters and scammers attempting to sell products to home-bound consumers. The ...
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ArticleCoats and Cocona improve the biodegradability of textiles
Two relevant textile supply companies just announced new technologies to enhance and speed up the biodegradability of textiles in the landfill. British industrial thread company Coats has developed a biodegradable thread, EcoRegen, to support its customers’ sustainability agendas. The new sewing thread is made from 100 percent Lyocell, a renewable ...
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ArticleWolverine raises guidance after strong first quarter
Wolverine Worldwide raised its guidance for the full financial year due to better-than-expected e-commerce growth in the first quarter and optimism over Covid-19 vaccine roll-outs. The group’s revenues in the three months to April 3 rose by 16.3 percent to $510.7 million, just about missing estimates of $511.8 million. The ...
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ArticleStores remain closed in Germany, will reopen in France
So-called “non-essential” physical retail operations are re-opening in all the major European countries except in Germany. They are set to open again in France on May 19. They have been rising sharply in England and Wales since they were allowed to open again on April 12, partly hampered by bumpy ...
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ArticleAlibaba posts quarterly loss due to anti-trust fine
Alibaba reported an attributable net loss of 5.5 billion yuan renminbi (€710m-$836m) for the fourth quarter ended March 31, primarily due to a RMB 18.2 billion (€2.3bn-$2.8bn) anti-trust fine imposed by Chinese anti-trust regulators which charged the company of abusing its dominant market position. The fine represented about 4 percent ...
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ArticleTod’s Q1 sales rise on Roger Vivier, China exploit
Tod’s sales increased by 17.0 percent year-over-year to €178.7 million in the first quarter, underpinned by triple-digit growth in Greater China sales and the strong performance of its Roger Vivier brand. At constant currency rates, sales were up by 18.8 percent although they were still 16.3 percent lower than the ...
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ArticleVulcabras’ revenues grow but operating margins are hit by higher costs
Brazilian footwear company Vulcabras reported strong sales in the first quarter of 2021, rising for a third consecutive quarter despite the impact of the Covid-19 pandemic which led to the closure of physical retailing in the country at the beginning of March. Due to the lockdowns, a significant part of ...
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News briefs
Allbirds helps Adidas to develop its most climate-friendly running shoe
Working in remote mode in collaboration with Allbirds for 12 months, Adidas has developed its most sustainable performance running shoe. The first 100 pairs of the co-branded model is being raffled off to members of Adidas’ Creators Club at the end of May. The product design and development teams of ...
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News briefs
Amazon issues a maiden $1bn green bond
Amazon raised $1 billion with the issuance of its first sustainability bond on May 10. The proceeds will be used to invest in renewable energy, clean transport, sustainable buildings, affordable housing, and socioeconomic advancement and empowerment, it said. The U.S. e-commerce plans to be carbon free, on a net basis, ...
