Product & Marketing – Page 22
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News briefs
Prada buys a 10% stake in Rino Mastrotto
Prada Group announced an agreement to buy a 10 percent stake in the Italian leather group Rino Mastrotto, as it seeks to take tighter control over its production. According to the deal terms, the Italian fashion group will confer two tanneries to Rino Mastrotto – Italy’s Conceria Superior and France’s ...
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News briefs
Shoe Carnival names a manager for new business development
Shoe Carnival rehired Kerry Jackson, its former Chief Financial Officer, to the newly created position of Senior Vice President, New Business Development, effective June 9. Jackson will report directly to the President and Chief Executive Officer, Mark Worden, and “spearhead the company’s merger and acquisition activities, integration of acquired businesses ...
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News briefs
Bata India's revenues, earnings slip
In the fourth quarter ended on March 31, Bata India’s revenues slipped by 1 percent year-on-year to 7.888 billion rupees (€80.4m) and net profit dropped 28 percent to INR 459 million (€4.7m). The operating profit dropped to INR 374 million (€3.8m) in the fourth quarter from INR 583 million the ...
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ArticleOofos starts opening physical stores
Oofos, a US brand of recovery footwear, is launching its first brick-and-mortar stores, all located in the US. During May and June, the brand is opening stores at Pentagon City in Arlington, Virgina, the Mall of Georgia in Buford, Georgia, and the Florida Mall in Orlando, Florida, “all high-traffic areas ...
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News briefs
VF names a new Chief Accounting Officer
VF Corp. appointed Michael Phillips as Vice President, Chief Accounting Officer, succeeding Bryan McNeill, who is retiring after 30 years with the company, according to a regulatory filing. Phillips has served as the VP Enterprise Financial Reporting Controller of the company since September 2022. He joined the US group ...
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News briefs
Zalando joins Fair Wear
Zalando is now a member of Fair Wear, the multistakeholder initiative founded in 1999 with the mission to improve labor conditions in the garment industry. As part of this membership, Zalando will focus on improving labor standards within its private label production.
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ArticleKizik names a new CEO
Kizik, a US brand specializing in slip-on shoes, and its parent company, HandsFree Labs, have appointed Gareth Hosford as Chief Executive Officer to lead the group’s expansion. “A proven footwear and fitness industry leader with more than two decades of experience scaling global brands including Nike, Converse, and performance apparel ...
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ArticleCaleres cuts costs, accelerates shift away from China after worse-than-expected Q1
Caleres said it will cut costs and continue a shift away from sourcing from China, after posting worse-than-expected sales and earnings in its first quarter ended May 3. The disappointing performance came as US import tariffs started to have an effect and amid signs of worsening customer credit issues. Sales ...
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ArticleShoe Carnival accelerates rebannering, confirms guidance as Shoe Station outperforms
Shoe Carnival announced it was once again speeding up plans to rebrand stores to its premium Shoe Station label, with Shoe Station now set to represent over 80 percent of its store fleet by March 2027, a significant increase from its previous 51 percent target. The footwear retailer’s ambitious plans ...
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News briefs
Naf Naf goes into receivership
Naf Naf was placed into receivership on May 30 by a commercial tribunal based in Bobigny, in the outskirts of Paris. The French fashion retailer is facing cash “difficulties”, according to the court. It is the third time in its history that it faces a judicial redress. The retailer ...
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ArticleAI adoption rises in German retail, but rollout remains difficult
An increasing number of German retailers are turning to artificial intelligence, making the technology an integral part of the retail sector in Europe’s economic powerhouse, but company-wide implementation remains challenging for many, a survey from the German retail association HDE and Safaric Consulting showed. Over the past few years, ...
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News briefs
Trump accuses China of violating trade deal
US President Donald Trump has accused China of violating the preliminary trade agreement the two countries reached on May 12. In a post on his Truth Social platform, Trump said China had been in big trouble two weeks ago due to the high tariffs set by the US and so ...
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News briefs
French footwear exports down 4% in Q1
French exports of footwear totaled €1.318 billion in the first quarter of 2025, down by 4 percent year-over-year, while imports were flat at €2.086 billion, but Asian producers increased their market share, according to data released by Alliance France Cuir, the trade association representing the country’s leather and leather goods ...
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ArticleJimmy Choo’s sales weighed down by the Americas, Asia
In the fiscal fourth quarter ended March 29, Jimmy Choo, the luxury footwear brand owned by Capri Holdings, posted revenues of $133 million, down by a reported 2.9 percent and by 1.5 percent at constant currency rates, due to lower sales in the Americas and Asia-Pacific Revenues in the Europe, ...
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ArticleDr. Martens hires a new Chief Brand Officer
Dr. Martens has appointed a new Chief Brand Officer (CBO) and a new manager for the Americas. Carla Murphy will be joining the British bootmaker in July as CBO. “Carla will be responsible for driving our brand strategy, vision and creative direction, and will oversee our global product, strategy, marketing, ...
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News briefs
Golden Goose posts a double-digit growth rate in Q1
Golden Goose, the Italian brand of premium sneakers controlled by the investment firm Permira, said that in the first quarter of 2025 net revenues rose by 12 percent year-over-year at constant exchange rates to €164.5 million, driven by the direct-to-consumer (DTC) channel. Overall DTC sales were up by 19 percent, ...
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News briefs
L Catterton sells down its stake in Birkenstock
Birkenstock Holding said that the private equity firm L Catterton is selling a 9.5 percent stake in the parent of the German sandal maker Birkenstock. Through an underwritten secondary public offering, BK LC Lux MidCo (MidCo), an entity affiliated with L Catterton, is selling 17,927,344 Birkenstock shares at $52.50 each, ...
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News briefs
Trump expects US Supreme Court to reverse court ruling on trade tariffs
The US President Donald Trump said that “hopefully” the Supreme Court will overturn a ruling by the United States Court of International Trade blocking most of the trade tariffs imposed by his administration. “The ruling by the U.S. Court of International Trade is so wrong, and so political! Hopefully, the ...
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ArticleUS court rules Trump cannot impose trade tariffs
The United States Court of International Trade ruled that President Donald Trump did not have the authority under the International Emergency Economic Powers Act (IEEPA) to impose on April 2 so-called reciprocal tariffs on a string of countries. It also rejected separate tariffs imposed on China, Mexico and Canada related ...
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News briefs
Dr. Martens hires a head for the Americas
Dr. Martens has appointed Paul Zadoff as President of the Americas, starting in June. ”We have a new member of the Dr. Martens team!! We are so pleased to announce that Paul Zadoff will be joining us in June as President of the Americas to lead the next phase of ...
