Product & Marketing – Page 230
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News briefs
Saucony takes charge of its Iberian distribution
Saucony is taking charge of its own distribution on the Iberian Peninsula through a new subsidiary. For the past couple of decades the Wolverine-owned brand has relied on a company called Deerfoot Sport for its business in Spain, Portugal and Andorra. The new subsidiary will be headed up by Gerónimo ...
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ArticleUK lawmakers call for garment industry watchdog to combat labor abuses
British lawmakers have called for the creation of a garment industry watchdog to stop labor abuses at suppliers to fashion industry retailers such as Boohoo, saying voluntary codes to tackle exploitation are not working. Parliament’s cross-party Environmental Audit Committee (EAC), which has been investigating fashion sustainability for the last two ...
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News briefs
Tamaris launches new campaign focusing on women’s diversity and solidarity
Eight women and their stories in a target-group specific campaign mark a new step in Tamaris’ multi-platform communication strategy. On International Women’s Day, Tamaris, the shoe brand owned by the Wortmann Group, launched a new spring/summer campaign on its steadily growing YouTube channel. The focus is on the cohesion and ...
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News briefs
Camper releases accessories made of used sails
Camper is releasing a limited-edition capsule collection of accessories made from used sails. To collect its materials the Spanish footwear brand is dealing with North Sails, a sailmaker established in Connecticut. Items include a grey and white backpack, a white duffel bag, a red shoulder bag and a blue bag ...
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News briefsFerragamo enjoys strong growth in China, South Korea
In the first nine weeks of 2021, Salvatore Ferragamo said that it enjoyed a “positive performance” in the retail channel, thanks to “solid” growth in China and South Korea and an 85.6 percent increase in online sales. The update accompanied the group’s 2020 results, that showed a net loss of ...
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News briefs
VF and Pensole offer corporate apprenticeship program for BIPOC students
As part of its ongoing commitment to racial equity, VF Corp. brands Timberland, Vans and The North Face, in partnership with Portland-based footwear design academy Pensole Academy, have launched a new educational program in the U.S. called ”DiverCity x DESIGN.” The program provides unique access to professional design experience and ...
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ArticleBogs keeps momentum going
Even with low precipitation in November and December across the U.S., demand for Bogs, a footwear brand best known for its waterproof boots, remained strong in the fourth quarter, as consumers continue to spend more time outside during the pandemic. It continued to diversify its product mix, selling more lightly ...
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ArticleTod’s omits paying a dividend, again
For the second year in a row, Tod’s has decided to omit paying a full-year dividend after posting a net loss of €73.2 million in 2020, despite a fiscal boost of €85.2 million, compared with a net profit of €46.3 million the previous year. Initially, the Italian shoe maker had ...
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ArticleFashion companies speed up digitalization, target digital/brick-and-mortar integration
The Covid-19 pandemic and the resulting lockdowns have sped up the digital transformation for both businesses and consumers, at the same time setting off profound changes in digital retail, some of which are set to be long-lasting. These recent trends and the tools to best respond to this rapidly changing ...
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ArticleInditex posts a first-ever decline in floor space
Inditex, the Spanish group that owns the brands Zara, Pull Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe, experienced its first ever decline in floor space in the full year that ended on Jan. 31. The Spanish group had 6,829 stores at the end of the fiscal year ...
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ArticlePrada returned to pre-Covid profitability in H2
Thanks to cost containment measures and a rebound in sales, Prada returned to pre-Covid-19 profitability levels in the second half of 2020. The recovery, however, was not sufficient to post a net profit for the full year, which was compromised by the decline in activity suffered in the first half ...
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ArticleVulcabras’ sales rise nearly 23% in Q4
Vulcabras posted double-digit growth in the last three months of the year, despite the impact of the pandemic on the shoe market in Brazil. Revenues rose by 22.8 percent from the year-ago quarter to 459.1 million Brazilian reais (€66.7m-$79.4m) and net income jumped by 21.1 percent to R$54.6 million (€7.9m-$9.4m). ...
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News briefsAsics launches running shoe made from second-hand clothes
Asics is introducing the Sunrise Reborn Pack, a new running shoe made from recycled clothing collected in Japan. The limited-edition line includes two of Asics’ pinnacle shoes, the Metaride and Gel-Quantum 360 TYO, both in a sunrise red color. The collection is part of the company’s efforts to minimize the ...
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News briefsRating agencies back Crocs’ new debt offering
Crocs is planning to make a private placement for $300 million worth of senior notes due in 2029, with $180 million used to repay outstanding loans under a revolving credit line. The rest would be used for general corporate purposes. Moody’s gave a B1 rating to the notes. Standard & ...
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News briefs
Pittarello reaches a debt restructuring deal
The Italian footwear retailer Pittarello has struck a deal with its creditor banks to restructure its debt. The agreement was reached with the banks Intesa Sanpaolo, Banca Monte dei Paschi di Siena, UniCredit, Banca Patavina, Iccrea, UniCredit Leasing, Selma BPM and Alba Leasing. No details were released but the ...
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ArticleRizzo suspends purchases due to business slowdown
Rizzo Group, the Swedish retailer which offers suitcases, bags, shoes and accessories, is suspending purchases “to get through the spring” because of a sharp slowdown in activity stemming from the restrictions imposed to combat the Covid-19 pandemic. In a statement, the company, which is present in Sweden and Norway, is ...
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ArticleShoe Zone warns on profits
Shoe Zone has warned that profits are unlikely to return to pre-Covid pandemic levels for the “foreseeable future,” after it swung to a full-year loss, citing the impact of store closures during lockdowns. The company said revenues for the year to Oct. 3, 2020 slumped by 24 percent to £122.6 ...
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ArticleItalian industrial dynasty buys 24% stake in Christian Louboutin
The Dutch incorporated holding company Exor will invest €541 million to buy a 24 percent stake in the French luxury shoe maker Christian Louboutin, which is controlled by the founders. The transaction is expected to close in the second quarter and Exor will have the right to appoint two of ...
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News briefs
L’Agence diversifies into footwear
The Californian ready-to-wear brand L’Agence is partnering with Titan Industries to launch a line of footwear produced in Europe. The collection will be available this autumn and will be initially sold online. But, the companies plans to expand distribution to department stores and specialty stores.
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News briefs
Rodolfo Zengarini obtains the footwear license for the Vivetta brand
The Italian shoe maker Rodolfo Zengarini has obtained the footwear license of the Vivetta brand, which was created by the designer Vivetta Ponti and produces ready-to-wear and accessories for women and children. Zengarini, which is headquartered in Montegranaro, in the Marche region, will start producing the brand for the upcoming ...
