Product & Marketing – Page 233
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ArticleThree German retail associations merge to have more clout
Three German retail associations BTE (representing apparel), BDSE (footwear) and BLE (leathergoods) have decided to merge this year to form the BTE Handelsverband Textil, Schuh, Lederwaren. The combination will give the new assocation more clout in defending the interests of their members “alongside and in line with the HDE,” according ...
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ArticleRocky Brands ends 2020 with strong profits
Rocky Brands’ net income surged by 91.1 percent in the fourth quarter to $9.7 million, which includes $0.7 million related to the pending acquisition of the performance and lifestyle footwear business of the U.S. conglomerate Honeywell International for $230 million. The deal is expected to close by the end of ...
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ArticleSweden successfully holds a physical trade event
Sweden, which has not introduced a lockdown or imposed wearing facemasks to combat the Covid-19 pandemic, held a physical order days for the footwear industry despite the challenges caused by the virus. Trade Partners Sweden organized ”Order days in Varberg for the shoe industry” from Feb. 21 to 25. The ...
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Article
Scholl and Dr. Scholl’s are reunited under a single ownership
Reckitt Benckiser (RB), a British producer of consumer goods, is selling the footcare brand Scholl to Yellow Wood Partners, a Boston-based private equity firm which already owns Dr. Scholl’s. The sale includes RB’s Amopé, Krack and Eulactol footcare brands and is expected to be completed by the third quarter of ...
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ArticleCrocs’ profits soar on record sales
Crocs is still enjoying a strong momentum as its fourth-quarter revenues jumped by 56.5 percent from the year-ago quarter to a record level of $411.5 million. In constant currencies, they gained 56.1 percent.The number of pairs sold during the quarter grew by 38 percent to 18.9 million, and their average ...
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News briefs
UITIC’s congress postponed to 2022
The International Union of Shoe Industry Technicians (UITIC) said that its 21st International Footwear Congress, initially scheduled this year in China, has been postponed to 2022 because of the Covid-19 pandemic. UITIC’s executive committee took the decision in agreement with the host organization, China Leather Industry Association (CLIA). ”China is ...
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News briefs
U.K. accepts to extend provisional Brexit deal to April 30
The British government has accepted, at the European Union’s request, to extend until April 30 the provisional application of the post-Brexit agreement, to give additional time to the European Parliament to ratify the deal. The provisional application of the post-Brexit agreement started on Jan. 1, after the U.K. left the ...
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ArticleItalian fashion industry still expects sharp declines in H1
The Italian fashion industry still expects sharp declines in sales during the first two quarters of 2021, after falling by 26 percent in 2020 due to the Covid-19 pandemic, according to a survey released by Confindustria Moda, the umbrella association which comprises Sistema Moda Italia (SMI), which groups the textile ...
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ArticleEngland plans to reopen non-essential stores April 12
The British Prime Minister Boris Johnson announced that non-essential retailing may reopen in England on April 12 after having been closed to prevent the spread of the Covid-19 pandemic. England introduced a third national lockdown on Jan. 4. Johnson said that the vaccination campaign underway in the U.K. has “dramatically ...
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ArticleNew Zealand Merino launches 100% regenerative wool platform with Allbirds, Icebreaker, Smartwool
The New Zealand Merino Company (NZM) and global Merino wool apparel and footwear brands Icebreaker, Smartwool and Allbirds will work collectively with 167 sheep growers in New Zealand to create ZQRX, the world’s first regenerative wool platform. “ZQRX is an important and necessary evolution of our ethical wool program, ZQ,” ...
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ArticleECC appoints second managing director
The European-Clearing-Center (ECC), which acts as a platform for electronic data exchange between producers and retailers in the footwear and fashion sector, is strengthening its management team. As of April 1, Stefan Nicolai, an expert in inventory and data management, will become managing director for marketing and sales as a ...
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ArticleSchuhkay ends bankruptcy proceedings after acquisition
The Hamburg-based footwear retailer Schuhhaus Kay GmbH & Co KG ended its bankruptcy proceedings and completed its overhaul as part of an asset deal. The company went into bankruptcy in November 2019 and proceedings were opened in early 2020. On Feb. 12, Berlin entrepreneur Steffen Liebich’s company Goal ...
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News briefs
Gap reportedly to close all British, Irish stores in July
The American fashion group Gap intends to close all of its stores in the U.K. and Ireland in July, in a move that could lead to the loss of hundreds of retail jobs, according to a report in The Times. Gap has 95 shops in the U.K. alone and is ...
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ArticleKuehne+Nagel buys a Chinese freight company
The Swiss logistics group Kuehne+Nagel has entered into a binding agreement to acquire the Chinese freight forwarder Apex International Corporation. No financial details were released. Apex was founded in 2001 and has about 1,600 employees. It generates yearly revenues in excess of €1.9 billion. In 2020, the company handled total ...
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ArticleThe U.K. to regulate the “buy now pay later” market
The British government announced that the increasingly popular interest-free ”buy now pay later” (BNPL) credit agreements will be regulated by the Financial Conduct Authority (FCA) in order to protect consumers. The government noted that the volume of transactions involving BNPL solutions more than tripled in 2020 as the pandemic drove ...
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News briefsHermès’ leathergoods sales up by 18% in Q4
The revenues of the French luxury goods group Hermès totaled €6,389 million in 2020, a decrease of 6 percent at constant exchange rates and 7 percent at current rates. Revenues returned to growth in the second half after being hit by the Covid-19 pandemic, with an acceleration in the fourth ...
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News briefsSkechers has raised over $6m for dogs and cats
Through sales of its BOBS from Skechers collection, the American footwear company has contributed more than $6.2 million to date to help save and support over one million shelter dogs and cats in the U.S. and Canada. It said that more than $2.7 million of the contributions have benefited thousands ...
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News briefsTapestry joins Black in Fashion Council Active Allyship Pledge
The New York-based fashion group Tapestry announced its participation in the Black in Fashion Council Active Allyship Pledge. Members of the program commit to joining together to secure the advancement of Black individuals in the fashion and beauty industry. “We have committed to expanding diversity in our Tapestry and brand ...
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News briefsPittards’ sales recover in H2
Pittards, the British leather and leathergoods manufacturer, which owns the brand Daines & Hathaway, posted sales of £15.2 million (€17.6m-$21.3m) in 2020, down from £22.3 million (€25.8m-$31.2m) in 2019 due to the impact of the Covid-19 pandemic. But in the second half, revenues stood at £8.6 million (€9.9m-$12.0m), up about ...
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News briefsVF discloses the allocation of its green bond proceeds
VF Corp., the mother company of The North Face, Timberland and other brands, has released its Green Bond Impact Report, in which it shows that the net proceeds of around €493 million from its inaugural green bond have been fully allocated. The money has been allocated to 13 of VF’s ...
