Product & Marketing – Page 250
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ArticleSteve Madden to boost private label business, cut Chinese production
Steve Madden expects that its private label business with Walmart and Target will increase notably next year as the mass retailers have shown strong resilience and benefited from the market disruption caused by the Covid-19 pandemic. Last year, Walmart and Target represented nearly a third of the fashion company’s accounts ...
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News briefs
The second-hand market is growing in Russia
The Covid-19 pandemic has spurred the demand for second-hand shoes and clothes in Russia, a research conducted by the Russian consulting agency Fashion Research Group showed. As of today, this segment accounts for 6 percent of sales of the Russian fashion market. The continuing deterioration in purchasing power is likely ...
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ArticleU.S. footwear market showing signs of stabilization
The U.S. footwear industry suffered sharp sales declines in 2020 due to lifestyle changes and shifts in consumer behavior due to the Covid-19 pandemic, but trends are expected to stabilize and recover through 2021, according to NPD’s Future of Footwear report. The fashion category, which has been hit the hardest ...
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News briefs
Nike manager switches to Snipes
The Deichmann group has appointed a long-time Nike manager to the new position of European general manager for Snipes, its international chain of sneaker shops. Starting on Nov. 1, he will join Snipes’ founder and chief executive, Sven Voth, and Tim Spickenborn, the chief financial officer, as the third member ...
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News briefsRalf Ringer suffers staff shortage due to pandemic
The Russian footwear group Ralf Ringer is seeking 200 employees to replace labor migrants, who had to leave Russia because jobless during the Covid-19-related lockdown. The company manufactures 2 million pairs per year at four factories in Vladimir, Zarajsk, Moscow, and Taldom. Ralf Ringer also runs a retail network of ...
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ArticleSequential quarterly improvements for Skechers
While Skechers’ third-quarter sales decreased by 3.9 percent year-on-year and net earnings dropped by 37.6 percent to $64.3 million, it was a significant improvement from the second quarter, when sales where 78.3 percent lower and the company ended with a net loss of $68.1 million. The pandemic significantly impacted Skechers ...
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ArticleHoka’s momentum shows no signs of slowing
Once again Hoka One One posted very strong results, helping Deckers Brands grow in its second fiscal quarter ended on June 30. Despite headwinds from Covid-19, the group’s sales progressed by 15.0 percent from the same period last year to reach a new quarterly record of $623.5 million, with ...
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Article
Puma returns to profit and growth
Puma’s revenues for the third quarter rose by 13.3 percent in constant currencies to €1,583, leading to a 13.0 percent rise in net income to €100.5 million. This is in sharp contrast with the second quarter, when the company was hit by a 32.3 percent drop in revenues and ended ...
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ArticleShoe Zone threatens to close 90 stores due to U.K. tax
Shoe Zone could close up to 90 stores over the next couple of years if the British government goes ahead with plans to reintroduce the “antiquated business rates system” in April 2021. The British shoe retailer said that the suspension of rates in April 2020 by the government to help ...
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ArticleRocky Brands’ Q3 profits up by 36%
As the wholesale channel bounced back after a decline in the second quarter, Rocky Brands’ net income rose by 36.0 percent to $7.6 million in the third quarter, on revenues that progressed by 15.8 percent from the year-ago quarter to $77.8 million. The management highlighted strong demand for its product ...
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Article
New concept manager for ANWR’s Quick Schuh
The Ariston-Nord-West-Ring (ANWR) group has appointed a new concept manager for its discount-oriented franchising subsidiary Quick Schuh. Johannes Schnütgen, an experienced manager with an in-depth knowledge of the franchise concept, takes over the post from David Mastrorilli, who will now be responsible for the business development of ANWR Schuh. ...
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ArticleRecord Q3 revenues for Crocs
Thanks to ”exceptional consumer demand and strong sell throughs,” Crocs saw its third-quarter revenues jump by 15.7 percent from the year-ago quarter to a record $361.7 million. In constant currencies they gained 15.9 percent. The company recorded growth in all channels and geographies. It also saw record sales in e-commerce, ...
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News briefsKlarna snaps up Woilà
Klarna, the Swedish online payments group which offers ”buy now, pay later” solutions, has acquired the technology and team of the startup Woilà, whose app allows consumers to get refunds if the price of a product falls after an online purchase is completed. Klarna said the acquisition, for which terms ...
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News briefs
French economy risks “collapse” with new lockdown
A new total or partial Covid-19-related lockdown could lead to a “collapse” of the French economy, according to the Confederation of Small and Medium-sized Enterprises (CPME). CPME warned that companies are currently “much weaker” than in March, when the government introduced a lockdown, and many, especially the smaller ones, would ...
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ArticleEl Corte Inglés offers e-commerce support to third parties
The Spanish department store El Corte Inglés is in talks with 100 brands to become their e-commerce partner, according to the Spanish daily Cinco Dias. But, no deals have been struck yet, it added, citing the company. The retailer would rely on its logistics platform to guarantee all the services ...
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News briefs
French footwear output down 31.0% in January-August
Because of the impact of the Covid-19 pandemic, French footwear production fell by 31.0 percent year-on-year in the first eight months of 2020, with revenues of shoe manufacturers down by 23.5 percent, according to the French National Leather Council (Conseil National du Cuir). Shoe exports, excluding slippers, fell by 17.0 ...
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News briefsUFG has a new DACH sales manager for license brands
Unlimited Footwear Group (UFG) has appointed Dirk Pues as sales manager covering Germany, Austria and Switzerland, the DACH business region, for its Brands-360 subsidiary which is in charge of licensed brands. Pues is scheduled to start on Dec. 1. A veteran of the footwear industry, Pues has been working as ...
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News briefs
Allbirds launches apparel line
Allbirds, the B Corporation certified Californian brand of sustainable footwear, has launched its first apparel line. It is available in the company’s 21 stores in the U.S., Europe, China and New Zealand and online. The collection comprises T-shirts made out of a fiber derived from discarded crab shells, cardigans and ...
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News briefsCaleres appoints VP of diversity, equity and inclusion
Caleres has appointed Amy Hunter as vice president of diversity, equity and inclusion. ”Hunter will help drive the company’s diversity, equity and inclusion strategy development and organization, including overseeing the company’s affirmative action plans,” the American footwear company said. Hunter will guide the company in its efforts around the focus ...
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News briefs
WhatsApp to add in-app purchases, enterprise message hosting
Facebook will soon be adding in-app purchases and enterprise message hosting to WhatsApp. Companies will be able to use Facebook Shops – the e-commerce platform that made its debut in May and feeds into all Facebook apps – to sell products through the messaging app. Companies will also be able ...
