Product & Marketing – Page 226
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ArticleGlobal footwear consumption seen up 2.8% in 2021
Global footwear consumption is expected to rise by 2.8 percent in volume this year as the market recovers from losses posted last year due to the Covid-19 pandemic, according to a projection established from the answers of a panel of experts for the latest Business Condition Survey of World Footwear. ...
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News briefs
Riri makes recycled poly the standard for its zipper range
Riri Group, a Swiss fashion accessories manufacturer with zipper and button brands Riri, Meras and Cobrax, is introducing the use of recycled polyester as the production standard for its zipper range. Riri’s slogan “Excellence in Details” becomes “Sustainability in Details,” representing the company’s commitment to putting sustainability first. By using ...
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News briefs
Lycra introduces fibers made from 100% textile waste
The Lycra Company has developed its first performance products made from 100 percent textile waste. The Coolmax EcoMade and Thermolite EcoMade are the results of a partnership with Itochu Corp., one of the largest general trading companies in Japan, with strength in consumer-related sectors, including the textile business. The integration ...
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News briefs
Lenders take control of Sequential’s board
Four out of the eight members of Sequential Brands Group’s board of directors have resigned as required by the extension until Apr. 19, 2021 of a credit agreement with Wilmington Trust and other lenders. The remaining members on the board represent mostly lenders such as KKR and Blackstone Group. The ...
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Article
Daphne International cuts its net loss as it changes business model
The women’s footwear company Daphne International Holdings ended 2020 with a 77 percent reduction of its net loss to 242.0 million Hong Kong dollars (€26.5m-$31.1m) as an 83 percent drop in revenues to HK$ 363.9 million (€39.9m-$46.8m) resulted in a sharp fall in selling and distribution expenses as well as ...
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News briefs
Icicle, Veja join forces to produce sustainable shoes
The Chinese fashion brand Icicle has joined forces with the French footwear company Veja to produce two models of eco-friendly sneakers. The shoes will retail between €95 and €125 a pair and will be available on the brands’ websites from April 15 and in their stores when Covid-19 related health ...
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News briefs
Cuir Invest buys a stake in Souliers Martinez
The investment fund Cuir Invest, focused on the leather and footwear sectors, has invested in the French shoe maker Souliers Martinez, which was created in 2017 buy Julien Martinez. The fund will help the development of the brand which is already sold worldwide through selected resellers and department stores, as ...
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ArticleGerman shoe manufacturers post 8.4% revenue drop in 2020
Germany’s footwear and leather goods sector took a heavy hit from the coronavirus pandemic in 2020 and the impact of the crisis is expected to continue to be felt this year, according to reports from the Federal Association of the Shoe and Leather Goods Industry (HDS/L). In the footwear ...
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ArticleH&M March sales up by 55%
In the period from March 1-28, Hennes & Mauritz (H&M)’s net sales increased by 55 percent in local currencies, recovering from a 21 percent decline in the first quarter that ended Feb. 28. On a reported basis, the Swedish fashion and accessories retailer H&M booked first-quarter net sales of 40,060 ...
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ArticleThe post-Covid world will pose new challenges
The pandemic has acted as a strongly disruptive force in the global economy, triggering significant shifts in production processes, supply chain management, shopping habits and customer relations across many sectors, including the footwear and leather goods sector. These topics and the broader post-Covid globalisation process were discussed in the ...
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News briefs
Shoe retailing becomes an essential service in Bavaria
ANWR Group has obtained a court verdict in Bavaria that allows its own 19 Schuh Mücke shoe shops to open their doors in the state as of April 1, despite a nationwide retail lockdown, because the sale of shoes is an “essential” service. The court’s decision is applicable for the ...
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News briefs
VF reshuffles its management in EMEA
VF Corp. has announced several changes to its management for the EMEA region. Andreas Olsson has switched from VF’s director of group digital accounts to regional general manager of Dickies EMEA. He has been with VF since 2009, working in sales and marketing for Vans and The North Face. He ...
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News briefs
French government earmarks €200 mln to help fashion retailers
Alain Griset, the French minister in charge of small and medium enterprises, said that nearly €200 million will be made available to the about 35,000 retailers of apparel, footwear, sporting goods and leather goods that are laden with unsold stock due to the Covid-19 related lockdowns. In an RTL radio ...
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ArticleRecord sales and earnings for Shoe Carnival
Shoe Carnival had its best fourth quarter ever, with revenues reaching $253.9 million in the three months ended Jan. 30, 2021, a 5.8 percent increase from the year-ago quarter. Comparable-store sales increased by 6.4 percent. The American shoe retailer improved its gross margin by 1.7 percentage points to 30.8 percent. ...
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ArticleFerragamo confirms CEO staying on board
The majority shareholder in Salvatore Ferragamo has presented its slate of candidates for the Italian luxury group’s new board, with Micaela Le Divelec Lemmi confirmed as CEO despite speculation of a management shakeup. Executive deputy chairman Michele Norsa, the CEO of Ferragamo from 2006 to 2016 who rejoined the company ...
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News briefs
Goldstar chalks up legal victories over Birkenstock
The Silvagni family that owns the Goldstar brand has sent its customers and retailers a letter to inform them of a string of European court sentences that have seen it come out ahead in a long-standing legal battle with Birkenstock, which is being taken over by companies linked to the ...
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News briefs
FitFlop hires its CEO from Lacoste’s footwear unit
The brand of fashion comfort shoes, FitFlop, has hired Gianni Georgiades as its new CEO, effective April 6. He replaces Michael Lockett, who left the company in August. Georgiades comes from Lacoste’s footwear joint venture with Pentland Brands, where he was CEO for nearly three years. He was previously vice ...
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News briefs
Italian businessmen launch a new footwear brand
The Italian businessman Cesare Pizzuti and the Torresi family, which owns the brand Galizio Torresi, are launching a new footwear brand called Just Another Copy targeting young, predominantly female, consumers. The first collection will be launched with the upcoming autumn/winter season and will comprise combat boots, boots, derbies, brogues and ...
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ArticleKeen turns its process for PFC-free footwear open-source
Portland, Oregon-based footwear brand Keen has developed an open-source model for manufacturing PFC-free footwear. To support this initiative, the brand has also challenged the entire outdoor footwear industry to be PFC-free by 2025. Product developers can visit www.keenfootwear.com/Detox to view details about the detoxification process Keen has followed since 2014 ...
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News briefs
Zalando splits its marketing department
Zalando’s head of global marketing, Barbara Daliri-Freyduni, has resigned. She had been with the German e-commerce company since October 2019, when she was hired to be its senior vice president of demand. Before that, she was at or near the top in the management of marketing operations at Microsoft for ...
