Product & Marketing – Page 245
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ArticleGenesco returns to profits in Q3
Genesco delivered sales for the third quarter that exceeded expectations and returned to profits after posting losses in the second quarter. Schuh performed well, partly due to the accelerated shift to online spending, while Johnston & Murphy’s business struggled. Sales for the third fiscal quarter ended on Dec. 4 decreased ...
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News briefsStockX booms over Cyber Weekend
This year StockX enjoyed its best Cyber Weekend ever. The daily gross merchandise value (GMV) for the period averaged a growth of 100 percent year-on-year. Black Friday’s rate of one trade per second rose at times in the subsequent days to as much as three per second. The website received ...
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News briefs
Global footwear market to grow 2% a year to 2024 - Technavio
The global footwear market is expected to grow by an annual average of over 2 percent in the period running from 2020 to 2024, according to a report published by the research and advisory company Technavio. The increase would add $42.1 billion to the market’s overall size. It noted that ...
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News briefsOzon enjoys a successful IPO
The e-commerce giant Ozon went public on Nov. 24 on the Nasdaq stock exchange in New York, and enjoyed one of the most successful initial public offerings (IPO) for a Russian business in years. The company managed to sell 33 million shares at $30 each, raising $990 million. Initially, the ...
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ArticleExpo Riva Schuh to hold a digital edition Jan. 16-19
Expo Riva Schuh, the leading international shoe fair for the low and medium segments of the footwear market, will hold a digital version of its winter edition from Jan. 16 to 19. The event will be held jointly with the handbag trade fair Gardabags. Dubbed as The Home Edition, the ...
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ArticleMaterial Exchange raises €5 million to accelerate growth
Material Exchange, the Swedish online platform for the procurement of materials, raised €5 million in a funding round as it seeks to accelerate its growth plans after the “business exploded” during the Covid-19 pandemic. “The Covid-19 pandemic has accelerated the digitalization of the industry by at least five years,” said ...
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ArticleCoronavirus plunges Leder & Schuh into the red
The coronavirus pandemic has taken a heavy toll on Leder & Schuh Group. The Austrian shoe retailer, with its Humanic and Shoe4You brands, expects losses for the full year. Results will be “clearly negative,” according to a recently filed financial statement. Earlier this year, the company described the pandemic ...
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News briefsHeelys’ parent undergoes strategic review
Sequential Brands, a U.S. group that has a portfolio of consumer brands including Heelys, Avia and DVS, said that its board has relaunched a “broad exploration of strategic alternatives.” The alternatives may include the sale of the company or the disposal of one or more brands. The company’s portfolio also ...
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News briefsZalando adds 1 mln clients during Cyber Week
Zalando acquired more than 1 million new customers during the sixth edition of its Cyber Week, surpassing last year’s new customer record. Gross merchandise volume (GMV) grew by about 35 percent over same the period and some 7,500 orders were placed per minute at peak times. The share of GMV ...
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News briefsVF opens its first multi-brand store
The VF Corporation has opened its first multi-brand store on a surface of 2,000 square meters on three levels in a landmark building near Milan’s cathedral. Named after its address, Orefici11 carries three brands – Timberland, The North Face and Napapijri – with dedicated show windows for each brand and ...
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ArticleANWR, GKK promote a German buy-local campaign
While physical stores are still open in Germany, with some restrictions imposed by the Covid-19 pandemic, statistics show that customer traffic has declined dramatically in city centers, threatening the survival of many retailers. As in the U.K. and other countries, many customers are preferring to order products online for the ...
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News briefs
LVMH head sees company exiting the Covid-19 crisis stronger
The French luxury goods group LVMH is coming out of the Covid-19 crisis “rather stronger” thanks to its worldwide presence, according to its chairman and chief executive Bernard Arnault. “We have for a long time had the strategy of covering most of the planet with our sites, stores, subsidiaries,” he ...
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News briefs
Record Cyber Monday in the U.S.
Online shopping in the U.S. reached $10.8 billion on Cyber Monday, according to Adobe Analytics. It was a 15.1 percent increase on the previous year and a daily record for online shopping in the country. Online shopping reached $5.1 billion on Thanksgiving and $9.0 billion on Black Friday, setting new ...
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News briefsYoox Net-a-Porter names Geoffroy Lefebvre CEO
Yoox Net-a-Porter (YNAP), the fashion online retailer owned by the Swiss luxury goods group Richemont, has appointed Geoffroy Lefebvre as chief executive, effective on Jan. 4. He replaces Federico Marchetti who remains as chairman. In March, Marchetti announced his intention to relinquish the job as CEO but to stay as ...
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News briefsWho’s Next postponed to March 5-7
WSN Développement, the organizer of Who’s Next, has decided to postpone the January edition of the Paris-based trade show to March 5-7, when it will be held with Premiere Classe during the Paris Fashion Week. WSN already had to cancel the September edition of Who’s Next because of the Covid-19 ...
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ArticleDebenhams collapses as JD Sports terminates rescue talks
The British department store chain Debenhams is winding down operations and closing all 124 shops with 12,000 potential job losses after JD Sports Fashion ended talks about a rescue deal. Administrators have been trying to sell the troubled 232-year-old group since April, but have admitted that the sale process has ...
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News briefsNSRA appoints Mark Denkler president
Mark Denkler will become president of the National Shoe Retailers Association (NSRA) on Jan. 1, replacing Chuck Schuyler who, in mid-November, announced his retirement after 15 years. The NSRA was formed in New York in 1912 and is North America’s largest footwear organization supporting independent footwear retailers in the U.S. ...
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News briefs
Schmidt-Eisenhart will be Calida Group’s new CEO
The board of directors of the Swiss Calida Group, which includes the Lafuma Group with the outdoor brands Millet and Lafuma, has appointed Timo Schmidt-Eisenhart as chief executive officer of the Calida Group. Schmidt-Eisenhart will succeed Reiner Pichler in the first half of 2021. Schmidt-Eisenhart has held various management ...
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News briefsTwo former Balmain executives launch La Ligne Numérotée
Françoise Misiraca and Charlotte Sauvat, two former executives of the French fashion house Balmain, have launched the upscale women’s footwear brand, La Ligne Numérotée. Misiraca spent 18 years at Balmain, where she held various roles, including head of its men’s department. Sauvat has been a shoe and accessories designer for ...
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News briefsDr. Martens opens a store in Dortmund
Dr. Martens has opened a store in Dortmund, increasing its network in the German region of North Rhine-Westphalia to four units. The other stores are located Cologne, Düsseldorf and Bonn. The latest store is on 60 square meters and situated in Dortmund’s main shopping street, Westenhellweg.
