Product & Marketing – Page 25
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ArticleGlam buys the Moreschi brand
The Italian company Glam has bought the Moreschi and Stemar brands for €1.738 million, according to media reports. The acquisition also includes machinery, furniture, raw materials and an inventory of about 7,000 pairs. Glam will also be taking over the lease of the Moreschi store in the center of Milan, ...
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Barefoot trade fair announces first participants
The organizers of the first edition of Barefoot - European Shoe Fair, the new trade fair format focusing on barefoot shoes, have announced the first selection of registered exhibitors. According to Messe Offenbach and the German footwear and leather goods trade association, HDS/L, the participants will include Leguano, Vivobarefoot, Affenzahn, ...
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ArticleSaucony and Merrell drive Wolverine’s Q1 growth
Wolverine Worldwide (WWW) returned to profitability in the first quarter, bolstered by double-digit growth from its two largest brands, Merrell and Saucony. However, the company withdrew its full-year financial outlook due to uncertainty surrounding proposed US tariffs and their potential impact on costs and inventory planning. The US group said ...
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ArticleAllbirds´ net revenues decreased 18.3% in Q1
Allbirds released first-quarter results in line with expectations and held guidance for the full year, while other brands withdrawing forecasts amid the turmoil caused by import tariffs introduced by the administration of US President Donald Trump. Net revenues of the San Francisco-based shoe manufacturer decreased by 18.3 percent to ...
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ArticleNext lifts profit guidance as warm weather boosts Q1 sales
Next lifted its annual profit guidance after reporting forecast-busting first-quarter sales, citing unseasonally warm weather in the UK which boosted in-store purchases of summer clothing. Full-price group sales in the three months to April 26 rose 11.4 percent, compared with the company’s forecast of a 6.5 percent increase. The pre-tax ...
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ArticleSteve Madden sees first cancellations amid tariff woes, seals Kurt Geiger acquisition
Steve Madden said it has received the first order cancellations in the wake of US import tariffs, as it continues to take steps to mitigate their impact, increasing prices and aggressively shifting production outside of China. Edward Rosenfeld, the Chairman and CEO, told analysts in a conference call on first-quarter ...
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ArticleStuart Weitzman posts a sharp fall in sales ahead of its takeover by Caleres
In the fiscal third quarter ended March 29, Stuart Weitzman posted revenues of $46.2 million, down by 18 percent on a reported basis and down by 17 percent at constant currency rates. In the first nine months of the brand’s fiscal year, revenues were down by 11 percent both at ...
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HDE files antitrust complaint against Temu
HDE, the German retail association, has filed a complaint with the country’s Federal Cartel Office (Bundeskartellamt) against the Chinese online marketplace Temu alleging anti-competitive practices. According to the complaint, Temu deprives retailers of control over their prices and, in numerous cases, allegedly violates European and German market regulations. “Temu not ...
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ArticleCrocs withdraws guidance on macroeconomic uncertainty
Crocs said it was withdrawing its guidance for the full year amid macroeconomic uncertainties tied to global trade policies, despite its better-than-expected sales performance in the first quarter of the year. “We are incredibly proud of our better-than-expected first quarter performance despite what has been an increasingly volatile macroeconomic backdrop ...
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Boot Barn confirms John Hazen as CEO
On May 5, Boot Barn’s board appointed John Hazen as Chief Executive Officer. Hazen had been serving as interim CEO since November. He replaced Jim Conroy, who stepped down on Nov. 22 after leading Boot Barn for 12 years to take on the CEO job at Ross Stores. “After ...
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Keen to keep prices stable in 2025
Keen announced on May 6 that it will not implement any tariff-related price increases for the remainder of 2025. The Portland-based outdoor footwear brand said the decision reflects its commitment to supporting its retail partners and consumers during a period of global uncertainty. “Keen will not implement any tariff-related price ...
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ArticleUS footwear brands call for tariff exemption
The Footwear Distributors and Retailers of America (FDRA) has addressed an open letter to the US President, Donald Trump, asking the removal of reciprocal tariffs for footwear. The letter was signed by 76 brands, including the sneaker giants Nike, Adidas, Puma and Skechers. The letter dated April 29 started by ...
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Nike reorganizes its senior management
Nike announced a series of strategic changes to its senior leadership team to accelerate its Win Now action plan to position the US sportswear company for future growth. Elliott Hill, group President and CEO, and Heidi O’Neill, President of Consumer, Product, and Brand, have decided that the Consumer, Product, and ...
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Former Gucci CEO invests in Be Sneakers
Patrizio Di Marco, the former CEO of the Italian luxury fashion brands Gucci and Bottega Veneta, has acquired a minority stake in Be Sneakers. The financial details of the transaction have not been disclosed. Di Marco has also joined the Be Sneakers board. Be Sneakers is an Italian sneaker manufacturer ...
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Vulcabras' earnings and revenues rise in Q1
Vulcabras reported a 19.5 percent increase in first-quarter net income to 106.1 million Brazilian reais (€16.5m) but the Ebitda margin contracted by 0.50 percentage points to 20.0 percent for the period ended March 31. Gross margin was flat at 40.2 percent. Shipped pairs increased by 5.6 percent to 7.1 million. ...
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ArticleGörtz closes its flagship store in Hamburg
The troubled Hamburg-based shoe retailer Görtz has closed its flagship store in the Spitalerstrasse in Hamburg’s city center, handing it over to its landlord on April 30, according to media reports. First opened in the 1980s, the flagship store spanned more than 4,000 square meters of retail space. When it ...
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ArticleZalando’s Q1 revenues beat market expectations
In the first quarter of 2025, Zalando posted a net income of €9.9 million against a loss of €8.9 million a year earlier on rising revenues and improved operating profitability. Gross merchandise volume (GMV) rose by 6.5 percent to €3.5 billion and revenues grew by 7.9 percent to €2.4 ...
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ArticleAndré placed into receivership, again
The French footwear retailer André was placed in receivership on April 30 by a Paris-based commercial court. It is the third time in five years that the banner has been placed in receivership. On May 4, 2023, the Belgian company Optakare, run by Karim Redjal, was chosen by a Nanterre-based ...
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ArticleSkechers goes private as it is acquired by 3G Capital
Skechers has agreed to be acquired by the investment firm 3G Capital in a $9.4 billion deal that will lead to the delisting of the US footwear company. Skechers will continue to be led by its Chairman and CEO, Robert Greenberg, President, Michael Greenberg, and Chief Operating Officer, David Weinberg. ...
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ArticleHumanoid robot launches likely this year
This year could be significant for the launch of humanoid robot models and application expansions, according to the Japanese investment bank Daiwa. It noted that production rates and cost reductions for key components have exceeded its expectations. Daiwa believes that 2025 will be a year for product launches while 2026 ...
