Product & Marketing – Page 251
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News briefsMyShoes buys eight stores from Dielmann
Schuhhaus Dielmann, the German footwear chain currently in administration under creditor protection proceedings, will sell eight stores to MyShoes. The deal still has to be cleared by the national competition regulator, Federal Cartel Office, and landlords, but is scheduled to close on Dec. 1. Previously Dielmann said it would close ...
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News briefsHavaianas creates international division
The Brazilian footwear group Alpargatas has created an international division for its flip-flop brand Havaianas. The division is based in Spain and run by Frédéric Lévy, a seasoned senior manager. Lévy was previously chief executive and president of Coravin, an America startup manufacturing products for the wine industry and currently ...
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ArticleOwner of the Mario Bruni brand fills for creditor protection
Spring, the Italian shoe maker that owns Mario Bruni, a brand of quality dress and formal men’s shoes, has filed for bankruptcy protection in order to reach an agreement with creditors or restructure its activity. Based in the Marche region’s footwear cluster, Spring was created in 1956 under the name ...
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ArticleHR Group hires new managing director for Reno
The German shoe retailer HR Group has a new managing director for its Reno footwear chain. Starting from Nov. 1, the retail expert Steffen Rosenbauer will join the company, taking responsibility for Reno’s entire international brick-and-mortar retail as well as the chain’s e-commerce and marketing. The Reno shoe chain ...
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ArticleFootway to launch a new e-commerce platform mid-Q4
Footway, the Swedish online shoe retailer, plans to launch a new e-commerce platform around the middle of the fourth quarter. The platform is based on a common global infrastructure to which all the group’s e-stores will be connected. The company runs the stores Footway, Sportamore, Brandos and Solestory. The move ...
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ArticleAustralian billionaire buys R.M. Williams
An Australian billionaire, Andrew Forrest, has bought R.M. Williams, the producer of an iconic Australian outback boot, from L Catterton, a private-equity company backed by LVMH, and some minority shareholders including the Australian actor Hugh Jackman. No financial details were disclosed but the Australian Financial Review said that the selling ...
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News briefsRussian Post launches bonded warehouse pilot project
The Russian state mail operator Russian Post announced a pilot project to set up bonded warehouses, where goods liable to customs can be stored and handled without payment of duty. In the future, these warehouses could manage half of all sales of foreign online stores present in the country, the ...
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ArticleSustainable financing becomes fashionable
The French fashion group Chanel in September became the latest company in the business to make use of sustainable financing, an increasingly important accessory in the portfolio of companies that are looking to lower their environmental footprint. Chanel offered €600 million in “sustainability-linked” bonds to finance the achievement of carbon ...
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ArticleContrasting consumer sentiment across Europe
The second wave of the Covid-19 pandemic is beginning to stifle the previously expected recovery of the European economy, particularly for the consumption of non-essential products and services. Fortunately, it has not yet led to the retail lockdowns of the first wave in the spring – except in Wales and ...
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ArticleStella continued to struggle in Q3
In a business update for the third quarter, Stella International said shipment volumes declined by 23.6 percent from the year-ago quarter to 12.3 million pairs, while its total sales plunged by 23.3 percent to $344.5 million, including those of its in-house brands. The Chinese footwear company’s revenues from manufacturing improved ...
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ArticleU.K. government under pressure over move to scrap tax-free shopping
The British Finance Minister Rishi Sunak is under mounting pressure from major retailers to reverse his decision to abolish duty-free shopping next year which they claim will lead to significant job losses. Leading U.K. fashion and luxury brands, including Paul Smith, Ted Baker, The White Company and Superdry, have warned ...
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News briefs
Vibram teams up with Balenciaga on footwear collection
Vibram is introducing the “Toe” collection, a collaboration with Balenciaga on a shoe range made from recycled knit. The collaborative collection consists of two limited-edition sneaker styles and a high-heeled model. The shoes feature Vibram’s patented FiveFingers shoe platform, which separates the five toes. Each item is stamped with both ...
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ArticleNew Italian fashion firm could expand into footwear
A newly created high-end Italian fashion firm known as Florence could look to expand into footwear and other accessories in the medium term after having built up a manufacturing hub in clothing, said Francesco Trapani, the chairman of Florence and former chief executive of Italian luxury jeweler Bulgari. Florence has ...
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ArticleFootwear stores hit hard in Moscow, St. Petersburg
In September, independent footwear stores in Russia experienced, on average, a 17 percent slump in sales, compared with the same period of the previous year, on the back of a second wave of Covid-19 in the country, Moscow-based think tank Evotor estimated. It is believed that chains are performing slightly ...
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News briefsYouTube is testing shopping features
Google is testing the idea of turning YouTube into an e-commerce platform, according to a Bloomberg report. YouTube is currently testing through a limited number of channels the option to buy items that feature in videos. The ”goal is to convert YouTube’s bounty of videos into a vast catalog of ...
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News briefsCPC completes purchase of Shoes.com
CriticalPoint Capital (CPC), a Californian-based private equity firm, has completed the acquisition of Shoes.com from Walmart. No financial details were released. Shoes.com is an online retailer of footwear, apparel and accessories present in the U.S., and internationally, offering a broad assortment of athletic to casual brands for women, men, and ...
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News briefsBrazilian shoe makers expect $1.2 million in orders from digital meetings
Digital business networking meetings held by 20 Brazilian footwear brands with buyers from Latin America are expected to generate about $1.2 million in business between orders that have been already received and talks initiated at the events, according to the local footwear association, Abicalçados. The events were organized between Aug. ...
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News briefs
Crocs enters collaboration with Justin Bieber
On Oct. 13, Crocs released a limited edition of clogs deriving from a collaboration with the Canadian singer Justin Bieber, the Canadian singer, globally including China and South Korea. The Crocs X Justin Bieber with drew Classic Clog were sold at $59.99 across select Crocs and partner e-commerce channels, including ...
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ArticleKurt Geiger plans 500 job cuts over U.K. plan to drop tax-free shopping
Kurt Geiger, a luxury footwear and accessories retailer, plans 500 job cuts, affecting over a quarter of its workforce, early next year after the British government announced that it would abolish tax-free shopping on Dec. 31. The standard value-added tax (VAT) is 20 percent in the U.K. In a letter ...
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News briefsFerragamo launches 3D made-to-order service
Salvatore Ferragamo has teamed with Microsoft and its technological partner Hevolus to offer a 3D made-to-order service enabling the customization of the Italian luxury brand’s Tramezza footwear styles. Thanks to Microsoft’s Azure Cloud computing service and its mixed reality technologies, upon which Hevolus’s Augmented Store at Home platform is based, ...
