Product & Marketing – Page 23
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News briefs
German consumer confidence improves slightly
In June, consumer confidence in Germany is expected to rise slightly to -19.9 points from a revised -20.8 points in May, according to the GfK Consumer Climate powered by NIM, which has been published jointly by NIQ and the Nuremberg Institute for Market Decisions (NIM). The preliminary reading for ...
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News briefs
EU urges Shein to respect laws, warns of fines
European Union authorities urged Shein to respect EU consumer protection laws, saying that the Singapore-based fashion online retailer could face fines if it failed to comply. Following a coordinated investigation at European level, the Consumer Protection Cooperation Network of national consumer authorities and the European Commission said that they had ...
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News briefs
Crocs names a Chief Brand Officer for the Crocs and Heydude brands
Crocs has promoted Terence Reilly to the newly appointed position of Executive Vice President, Chief Brand Officer, with oversight over the marketing and communications functions for both the Crocs and Heydude brands. Reilly was previously in charge of Heydude. “As a veteran brand expert, Terence has a proven track record ...
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News briefs
Pakistani footwear exports up nearly 12% in first 10 months of fiscal year
Between July 2024 and April 2025, which corresponds to the first 10 months of the Pakistan’s fiscal year, the Asian country increased footwear exports by 11.79 percent year-over-year to $148.4 million, according to the Pakistan Bureau of Statistics (PSB). The export of leather footwear grew by 14.14 percent to $115.3 ...
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ArticleTrump postpones plan to introduce 50% tariff on EU to July 9
The US President Donald Trump has postponed the deadline to introduce a 50 percent import tariff on goods from the European Union to July 9 from June 1, after speaking with Ursula von der Leyen, the president of the European Commission. “I received a call today from Ursula von der ...
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ArticleTwo-thirds of international firms are facing higher costs due to the trade war
Global businesses are facing surging costs and supply chain disruptions, prompting a strategic rethink of operations and planned investments due to higher tariffs and shifting trade policies, according to a survey carried out by the British bank HSBC. The survey involved 5,750 internationally exposed companies across 13 markets. “Two-thirds of ...
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ArticleDeckers’ Q1 sales seen rising less than expected as tariffs start to bite
Deckers Brands forecasted that sales in the first quarter ending June 30 will rise to $890-910 million from the $825 million reported the year earlier, falling below an analyst consensus for a top line of about $919 million. Deckers said the first-quarter forecast factored in the impact of US import ...
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News briefs
Trump threatens 50% tariff for EU goods
The US President Donald Trump is recommending a 50 percent import tariff on goods from the European Union after claiming that trade talks with the bloc had stalled. ”The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very ...
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ArticleAllbirds signs new distribution deals
Allbirds has signed distribution agreements for multiple countries in Central and South America as well as in Southern Europe, further expanding the global presence of the US footwear brand. Effective this spring, Kiwi Life Group becomes the exclusive Allbirds distributor in Central America, the Caribbean, Chile and Colombia, and Trendy ...
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News briefs
French footwear sales up by 0.7% in April
In April, French footwear retail sales rose by a seasonally and working-day adjusted 0.7 percent month-on-month, according to the Bank of France. Overall, retail sales in France grew a seasonally and working-day adjusted 0.5 percent from March, when they were stable.
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ArticleShoe Zone stumbles to H1 loss on weaker demand, weather
Shoe Zone has swung to a half-year loss and scrapped its dividend, blaming weakening consumer confidence and unseasonal winter weather conditions in the first quarter, sending shares in the retailer crashing by a fifth. The British footwear retailer posted a pre-tax loss of £2.3 million (€2.72m) for the 26 weeks ...
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ArticleCoats upbeat despite US tariff uncertainty
Coats said that its first-half results are on track to finish higher than last year, despite US President Donald Trump’s global tariff regime causing “elevated uncertainty” in a number of its markets. The industrial thread and footwear components maker said revenues in the four months to April 30 had risen ...
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News briefs
Timberland names Darren Leon Mckoy as Creative Director
Darren Leon Mckoy, Dr. Martens’ former Creative Director, announced on that he was appointed Global Vice President of Product Design and Creative Direction at Timberland, which is owned by VF Corp.. ”Today, I’m proud and excited to share that I’ve joined VF Corp as Global Vice President of ...
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News briefs
Levi Strauss to sell Dockers to Authentic Brands
Levi Strauss & Co has agreed to sell Dockers to Authentic Brands Group for $311 million. The transaction could reach as much as $391 million through an $80 million earnout opportunity. The San Francisco-based jeans maker said last year it was considering a sale of Dockers, renowned for its khakis ...
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News briefs
Canadian Tire acquires Hudson’s Bay’s brands
On May 15, Canadian Tire Corporation (CTC) announced it has signed a definitive agreement to acquire the intellectual property portfolio of Hudson’s Bay Company (HBC), one of Canada’s oldest retailers. The $30 million comprises HBC’s intellectual property portfolio, including brand labels and designs for the HBC Stripes, Hudson’s Bay Company, ...
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News briefs
Piccadilly to celebrate 70 years during Expo Riva Schuh
On June 15, Piccadilly will celebrate its 70th anniversary. The venue of the exclusive event is Spiaggia Olivi on the shore of Lake Garda in Riva del Garda, Italy, during Expo Riva Schuh. “The evening will bring together clients, strategic partners, international agents, board members, and the Piccadilly family business ...
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News briefs
Global luxury goods sales seen down 2-5% in 2025
In 2025, the global market for personal luxury goods is expected to fall by 2 to 5 percent after declining by 1 percent last year, according to a survey released by the consultancy Bain & Company. Bain’s previous forecast released in November 2024 was for the market to increase by ...
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News briefs
Indian state of Uttar Pradesh launches a footwear cluster
The Uttar Pradesh State Industrial Development Authority (UPSIDA) said that it is developing the state’s “first dedicated Footwear Park” on 131.69 acres in the town of Kanpur. The project aims at providing opportunities for micro, small and medium enterprises, it said. The park is envisioned as a hub for manufacturing ...
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ArticleUS court rules that Iconix improperly terminated the Pony license with Fashion Footwear
A New York Appellate Court ruled that Iconix’s decision to end a footwear license agreement regarding the Pony brand with New York-based Fashion Footwear was “unlawful”, according to a statement released by Oved & Oved LLP, the law firm counseling Fashion Footwear. The law firm pointed out that it will ...
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ArticleClergerie is taken over by the Spanish company Petrel 92 SL
Clergerie has been taken over by the Spanish group Petrel 92 SL, but the future of the staff of the French manufacturer of luxury footwear remains uncertain. Petrel 92 SL’s takeover offer was placed after the commercial court of Romans-sur-Isère, France, announced on April 8 the liquidation of the French ...
