Product & Marketing – Page 240
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Article
ANWR Schuh names new managing director
The German footwear buying group ANWR Schuh, ANWR Group’s footwear division, kicked off 2021 with a management shake-up. Starting from Jan. 15, Helmut Wies, who served as head of retail consulting at ANWR Schuh for many years, will take up the post of managing director in charge of consulting, ...
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News briefsSteve Madden names Maria Teresa Kumar to the board
Steve Madden has appointed María Teresa Kumar to the board of directors. With this appointment, the board expands to ten directors, eight of whom are independent. Kumar will be a member of the company’s corporate social responsibility committee. Kumar is the president and CEO of Voto Latino, which she co-founded ...
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News briefs
Yue Yuen’s manufacturing revenues fall by 27%
Yue Yuen’s revenues from footwear manufacturing fell by 27 percent in terms of U.S. dollars in 2020, including a drop of 16 percent in December. The group’s retail subsidiary, Pou Sheng, improved its sales by 1 percent thanks to a strong finish of the year, with sales up by 11 ...
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News briefs
U.K., Canada to restrict business with Xinjiang
The Foreign, Commonwealth and Development Office in the U.K. is seeking to separate British organizations from the extra-judicial detentions and forced labor that Uyghur Muslims and other minorities are undergoing at the hands of the ruling Chinese Communist Party in the province of Xinjiang. Citing “proof from the Chinese authorities’ ...
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News briefs
Nike and Converse file lawsuit against nearly 600 websites
Nike and its Converse subsidiary have filed the biggest lawsuit of the kind, accusing the 186 operators of 589 websites as well as 676 social media accounts for allegedly infringing on various trademarks and attempting to sell “falsely labeled” counterfeit products under their own brand names and that of Nike’s ...
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News briefsUzbekistan footwear exports would benefit from EEU membership
Uzbek shoe companies would benefit from the country’s entry into the Eurasia Economic Union (EEU), which the government is currently studying, according to Ruslan Abaturov, senior analyst of the Center for Economic Research and Reforms. The EEU is a trade bloc of post-Soviet countries which enjoy a free trade agreement, ...
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ArticleUBC plans to buy a fashion brand
The Italian company United Brands Company (UBC) is currently in talks to buy a fashion brand and if completed, the deal could radically transform the enterprise. The firm has the backing of two unnamed investment funds that could finance the acquisition through a capital hike. Such a transaction would significantly ...
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News briefsMarc Durie becomes president of J.M. Weston
Marc Durie, 45 years old, has become the president of J.M. Weston, replacing Thierry Oriez. Durie was previously the global head of the men’s shoe division and customer relationship management department at Christian Louboutin, a position he held for over four years. He is expected to focus on the international ...
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Article
Unichel restructures its retail network
Russia’s biggest shoe manufacturer, Unichel, is restructuring its retail network to mitigate the impact of the Covid-19 pandemic. At the beginning of 2020, Unichel ran 600 stores in 250 cities in Russia and Kazakhstan, but last year it shut down 40 stores and opened 30 new ones, in different locations, ...
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ArticlePrimark loses £540m in sales in 4 months due to Covid
The Irish clothing retailer Primark suffered a loss of sales of £540 million (€608m-$739m) in the 16 weeks to Jan. 2 due to store closures deriving from lockdowns in various European countries to combat the spread of the Covid-19 pandemic. Primark posted sales of £2,031 million (€2,288m-$2,778m) in the period, ...
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ArticleBoohoo lifts revenue guidance as Christmas sales soar
The fast fashion online retailer Boohoo has raised revenue forecasts after a better-than-expected 40 percent surge in pre-Christmas sales. The owner of Nasty Gal, Karen Millen, Oasis and Warehouse now expects revenue to increase by 36-38 percent in the year to Feb. 28, up from an earlier guidance of 28-32 ...
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News briefsAsos upbeat about profits but warns about Brexit costs
The fashion online retailer Asos indicated that its full-year profit will be at the top end of market expectations but warned that it faces £15 million (€16.8m-$20.5m) in Brexit tariff costs. Sales jumped by 23 percent to £1.36 billion (€1.53bn-$1.86bn) in the four months to Dec. 31, with a 36 ...
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News briefs
French shoe retailers suffer 27.5% drop in 2020 sales
Going through two Covid-related lockdowns, French specialty retailers saw their average sales decline by 18 percent in 2020, although their online turnover jumped by 80 percent for the year, including a growth of 85 percent in December, according to their trade association, Procos. Shoe retailers suffered the biggest losses with ...
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News briefs
Crocs guides for 20-25% growth in 2021
Crocs’ management told investment analysts at the ICR Conference that it is expecting to report a sales increase of more than 12 percent for the 2020 financial year, up from a previous guidance of 5 to 7 percent. In the fourth quarter alone, the growth rate reached a level of ...
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Article
VF reorganizes APAC operations
VF Corp. has decided to move the center of its brands’ operations in the Asia-Pacific region from Hong Kong to Shanghai, where it already has some 900 office and retail employees. Some of the operations will also be transferred to Singapore and Kuala Lumpur, the capital of Malaysia. The transition ...
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ArticleDr. Martens steps forward with plans for London listing
The iconic British boot brand Dr. Martens plans to float on the London Stock Exchange as it looks to expand its offering and drive e-commerce sales. The company, whose boots and shoes were made famous in the punk era and are enjoying a resurgence in popularity today, expects an eventual ...
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News briefsCaleres reshuffles its senior management
Caleres has reshuffled its senior management, a move which it expects will ensure “greater alignment with its strategic direction, accelerate its growth initiatives, unlock the power of its portfolio of brands and drive sustainable, long-term value for its shareholders.” Under the reorganization announced in December, Jay Schmidt was named president ...
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ArticleOeko-Tex carries out its annual standards revision
Oeko-Tex, an association of 18 independent research and testing institutes worldwide that sets standards for more safety in products of the textile and leather industry and their manufacture, is proceeding with its annual revision of test criteria, limit values and requirements for its sustainability certifications and labels – the objective ...
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News briefs
Rothy’s wins lawsuit against Giesswein on pointed-toe loafer
The San Francisco based shoe company Rothy’s has won a patent infringement lawsuit against the Austrian shoemaker Giesswein Walkwaren regarding its pointed-toe loafer-style flats. According to the High Court of Justice’s Business and Property Courts of England and Wales, Giesswein’s “Pointy Flat” shoe infringed on Rothy’s “Pointed Loafer” and can ...
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News briefs
Shoes.com merger with Running Specialty Group completed
CriticalPoint Capital (CPC), a Californian private investment firm, said that it has completed the merger of the recently acquired Shoes.com business with its existing business Running Specialty Group, which operates the footwear and athletic specialty retailers JackRabbit, Olympia Sports and Clever Training. The group has some 130 retail stores across ...
