Product & Marketing – Page 247
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News briefsUgg opens new flagship in New York
Ugg, the Southern Californian lifestyle brand part of Deckers, opened a new flagship at 530 Fifth Avenue in New York City. The multi-level 12,842 square foot store marks a new concept and offers an expansive collection of footwear, ready-to-wear, accessories and home products. The brand plans to roll out a ...
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News briefs
Permira reportedly hires advisors for Dr. Martens’ IPO
The private equity company Permira has hired Goldman Sachs and Morgan Stanley to organize a possible initial public offering of Dr. Martens, according to media reports. The British private equity company plans to float the footwear company on the London Stock Exchange. Permira bought Dr. Martens from the Griggs family ...
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ArticleGlobal luxury footwear sales seen up by 14% in 2021
Worldwide sales of luxury footwear could surge by 14 percent next year after an estimated 12 percent drop this year, according to two surveys. The sector continues to find support from demand for sneakers.
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News briefsBritons started Christmas shopping in October
Britons started their Christmas shopping early this year, according to data released by the Office for National Statistics (ONS). In October, retail sales volumes increased by 1.2 percent in the U.K. when compared with September, marking the sixth consecutive month of growth. The increased reached 6.4 percent for non-store retailing, ...
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ArticleShoepassion launches special 10-year anniversary collection on Kickstarter
To mark its tenth anniversary, the Berlin-based footwear company Shoepassion released a special edition collection that is only available on the crowdfunding platform, Kickstarter. A revised edition of the first collection released in 2010, the limited anniversary collection features seven models that will be on sale until Dec. 6, ...
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ArticleLower sales for Caleres, but results top expectations
Caleres recovered in the third fiscal quarter compared with the previous quarter but sales continued to decline sharply year-on-year. The company warned that fourth-quarter sales could be some 20 percent lower than the previous year. In the three months ended on Oct. 31, revenues were $647.5 million, down by 18.3 ...
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ArticleVulcabras’ women’s shoe sales drop as the company focuses on sports
After production restrictions in the spring and early summer due to the pandemic, Vulcabras resumed full operations at its factories in July, capitalizing on a robust order backlog. It managed to lift overall sales in the third quarter, but sales of women’s shoes were lower as the company prepares to ...
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ArticleShoe Carnival delivers its most profitable quarter
Shoe Carnival improved its gross margin by 1.1 percentage points to 32.0 percent in the third fiscal quarter, delivering the company’s most profitable quarter ever, thanks to lower promotional activity. Net income advanced by 1 percent to $14.7 million. After rebounding in the second quarter, Shoe Carnival’s sales slowed down ...
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ArticleWellness, sustainability, localism, online interaction are growing trends with Covid
For months, fashion-industry entrepreneurs and retailers have been struggling with the effects of the coronavirus pandemic while at the same time trying to map out future strategies in a rapidly-evolving commercial environment. In a webinar titled “2022 Fashion Market, Shifts & Strategies”, hosted online by Expo Riva Schuh on Nov. ...
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ArticleVon Wellx steps up production in India
Von Wellx, the German orthopedic shoe brand owned by Casa Everz, has inaugurated a new production site in Agra, in the Uttar Pradesh state in northern India, as it ceases the production of footwear in China. The new factory in the Export Promotion Industrial Park (EPIP) in Agra features two ...
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ArticleTreksta expands in Europe, especially in the casual footwear trade
With Improve Business Scandinavia being the Scandinavian representative for Treksta since 2014, the South Korean footwear company earlier this year committed Improve Business Europe AB as European distributor for all countries except Portugal, France and Spain. The company has already signed agents for its hunting category and is now looking ...
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News briefsSperry names Elizabeth Drori head of marketing
Sperry has appointed Elizabeth Drori as chief marketing officer. Before joining Sperry, which is part of Wolverine Worldwide, Drori worked for nearly three years at Walmart, where she became head of fashion marketing. Prior to Walmart, she was vice president in charge of strategic initiatives and brand marketing at Shoes.com ...
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News briefsCCC starts 60-minute delivery service in Warsaw
CCC has launched a new service to deliver shoes within 60 minutes. Currently, it is only available in Warsaw, where it is being tested. The service provides for online orders, which are directed to a local store rather than to the company’s warehouse. The goods are then shipped from the ...
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News briefs
Josef Seibel inaugurates Kenyan factory
Josef Seibel Group inaugurated its factory in Ukunda, Kenya, on Nov. 9. The ceremony was attended by the owner of the group, Carl-August Seibel, and the chief executive Stefan Wentzel. The factory will produce leather school shoes destined to the Kenyan market under the Romika brand. The brand was sold ...
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News briefs
Schuhe24 buys an online platform for bike dealers
The German Schuhe24 Group, which manages an online marketplace for independent retailers in many sectors, is branching out into the hot bicycle segment by joining Bike-Angebot.de and taking over majority control. That company claims it operates the largest platform for bicycle dealers in Germany, carrying over 25,000 bicycles offered by ...
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News briefsCaleres names Michael Edwards head of Famous Footwear
Caleres has appointed Michael Edwards as president of Famous Footwear, effective Nov. 20. He replaces Molly Adams, who resigned to pursue an opportunity outside the organization. Edwards joined Caleres in June 2008, most recently serving as senior vice president of digital commerce, planning, allocation and stores. Prior to that he ...
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News briefs
Cole Haan releases hiking boots and sneakers
Cole Haan has released a new hiking boot as well as a sneaker from its collaboration with the comedian and writer Hasan Minhaj. Introduced back in September, the 4.ZERØGRAND Hiker ($250) comes in men’s and women’s versions and in a number of colorways. The brand calls it its “most advanced ...
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ArticleFarfetch benefits from shift to buying luxury goods online
Luxury e-tailer Farfetch reported a sharp rise in third-quarter sales as it benefits from the growing trend of buying high-end products online. Revenues for the three months to Sept. 30 soared by 71 percent to $438 million, while gross merchandise value (GMV) increased 62 percent to $798 million. Online GMV ...
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News briefs
Asos axes commissions to help sellers through new Covid lockdown
British fashion e-tailer Asos is stopping commissions on its marketplace platform to help businesses during the second wave of the Covid-19 pandemic and related lockdown as they face the busy Christmas period. New and existing sellers will pay no commission until the end of the year, Asos said. The move ...
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News briefsAeffe Q3 sales lifted by delayed shipments
In the first nine months of 2020, Aeffe, the Italian fashion house that owns Pollini and other brands, suffered in its footwear and leathergoods division a decline in sales of 15.4 percent, both on a reported basis and in constant currencies, to €81.9 million because of the Covid-19 pandemic. The ...
