Product & Marketing – Page 228
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ArticlePittards posts operating profit in H2
Pittards, the British leather and leathergoods manufacturer, which owns the brand Daines & Hathaway, posted a positive Ebitda of £0.3 million (€0.35m-$0.41m) in the second half of 2020, albeit down from £0.9 million (€1.0m-$1.2m) a year earlier. For the whole of 2020, the company posted a negative Ebitda of £1.1 ...
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News briefsThe French antitrust clears Beaumanoir’s purchase of La Halle stores
The French antitrust agency, Autorité de la Concurrence, has authorized without conditions the purchase of 366 stores of the apparel and footwear chain La Halle by Beaumanoir. The agency noted that some of the stores will retain the La Halle name while others will be rebranded as Beaumanoir. It added ...
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ArticleYue Yuen posts losses despite retail rebound
Although China is resisting the pandemic much better than other markets, Yue Yen Industrial Holdings ended 2020 in the red, hampered by the global decline in the demand for shoes, especially in the casual segment. The company was strongly impacted by government measures to contain the spread of the disease ...
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News briefs
Yeezy’s Adidas 2020 sales jump 31%
Sales of sneakers resulting from Yeezy’s collaboration with Adidas grew by 31 percent to nearly $1.7 billion in 2020, according to a document prepared by the Swiss bank UBS, details of which were reported by Bloomberg. The partnership generated $191 million in royalties for Yeezy, the sneaker and apparel business ...
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News briefsAmazon becomes top clothing retailer in U.S.
Amazon overtook Walmart to become the top apparel and footwear retailer in the U.S. last year, as online sales jumped during the Covid-19 pandemic, according to research from the American bank Wells Fargo. The e-commerce giant’s apparel and footwear sales in the U.S. grew by about 15 percent in 2020 ...
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News briefs
Pakistan’s footwear exports rise in volume
Footwear exports from Pakistan rose by 11.7 percent in volume to 11.5 million pairs, but fell by 6.2 percent in value to $88 million in the eight months to February. The country’s fiscal year runs from July 1 to June 30. Leather industry exports slipped by 4.2 percent to $567.4 ...
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News briefs
Carlyle buys majority stake in END.
The American private equity The Carlyle Group has agreed to acquire a majority stake in the British luxury, streetwear and sportswear retailer END., which operates the website www.endclothing.com. The stake is being acquired from the founders Christiaan Ashworth and John Parker, who will retain a significant minority stake and remain ...
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News briefs
French government may authorize extra clearance periods
The French government is studying the possibility of additional clearance periods to help companies, such as apparel and footwear retailers, to eliminate stocks accumulated during Covid-19-related lockdowns. In an RTL radio interview, the French Economy and Finance minister Bruno Le Maire said “we are studying two options which could be ...
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News briefs
Mario Valentino wins trademark infringement case against Farfetch
Mario Valentino, an Italian producer of shoes, handbags and leather goods, has won a case in the Milan court against the e-retailer Farfetch UK and Modes, a boutique owner affiliated with Farfetch, for the improper use of the brand name Valentino. According to the terms of a co-existence agreement between ...
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News briefs
Stone Island, New Balance in co-branding partnership
Stone Island, the Italian sportswear group owned by Moncler, and American athletic shoe brand New Balance announced a multi-year partnership that will see their first co-branded footwear being unveiled later this year. “Our collaboration with Stone Island is not only rooted in performance innovation, but elevating our mutual values of ...
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News briefs
Aeffe posts a €21.4m net loss
In 2020, Aeffe, the Italian fashion house that owns Pollini and other brands, posted a net loss of €21.4 million against a net profit of €11.7 million a year earlier due to the impact of the Covid-19 pandemic. The adjusted net loss, which excludes non-recurring costs of €5.1 million, was ...
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News briefsTempe’s sales fell to below €1 billion in 2020
Last year, for the first time since 2014, Tempe posted annual sales of less than €1 billion due to the impact of the Covid-19 pandemic. The company booked revenues of €997 million, down by 28.7 percent from 2019, and a net profit of €62 million. The gross margin widened to ...
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News briefs
Superga picks Hailey Bieber as brand ambassador
Superga, the Italian brand known for its cotton canvas sneaker, has chosen Hailey Bieber as its global ambassador. The American model, who married the Canadian singer Justin Bieber in 2018, features in Superga’s spring 2021 advertising campaign. The brand hired the photographer Stevie Dance to portray Bieber and the stylist ...
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News briefs
APLF postponed again to November
The organizers of APLF-Leather, Materials+ and Fashion Access have rescheduled the event from July 5-7 to November 17-19 in Hong Kong. This postponement follows a decision made by the Hong Kong government to extend the compulsory quarantine regulation until Sept. 30. The trade fair had already been postponed previously due ...
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News briefs
Casadei suffers 30% sales decline in 2020
Casadei, the Italian luxury shoe maker, saw its sales decrease by about 30 percent in 2020 from the €29 million registered in 2019. Cesare Casadei, the company’s creative director, explained in an interview with financial daily Il Sole 24 Ore that the decline came despite growth in its online business, ...
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ArticleGeox reaches a deal to reorganize its Canadian business
Geox has reached an agreement with creditors to restructure its Canadian business. The company had previously announced plans to streamline its activities in certain countries if it could not align rent costs with market conditions. The other countries under review are the U.S., Japan, the U.K. and Germany. According to ...
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ArticleShoe Carnival names a new CEO
Shoe Carnival’s board has unanimously elected Mark Worden as the next CEO, effective Sept. 30. Worden is the chief customer officer of the American footwear retailer and will succeed Cliff Sifford, who will step down as CEO but will continue as vice chairman of the board. Sifford joined the company ...
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News briefs
Munich’s largest shoe store to open in April
Schmid Schuhe Mode Sport is opening next month the largest shoe store in the Munich area, taking the place of a former Karstadt department store in the Olympia shopping mall. The 9,500-square-meter location will offer regular and sports shoes for the whole family on two floors. Based in Augsburg, the ...
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ArticleStella cautiously optimistic about first half of 2021
Stella International is “cautiously optimistic” about order levels for the upcoming spring and summer 2021 season, although it still has low visibility for the second half of the year due to the recent new Covid-driven lockdowns in many countries around the world. Steady volume growth and margin improvement will be ...
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News briefs
Dr. Martens to release a boot redesigned by Rick Owens
Through his company, the American designer Rick Owens has produced a new version of the Dr. Martens 1460 Bex platform boot, whose laces recall other Owens designs. The boot will be released on March 20, at a retail price of £299 (€349-$416), with a second Owens-designed model to follow in ...
