Product & Marketing – Page 252
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ArticleVF returns profitable in Q2
After recording a loss and steep declines in revenues during its first fiscal quarter, VF Corp. , whose core brands are Vans, The North Face and Timberland, bounced back in the second quarter, ended on Sept. 26, with a smaller decline in sales and a return to profits. The management ...
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ArticleU.K. threatens no-deal Brexit but talks to continue
Tensions on stalled Brexit trade talks intensified as Boris Johnson, the British Prime Minister, said Britons should prepare for a no-deal departure if the European Union (EU) did not compromise, raising the prospect of supply chain chaos across Europe. Johnson stopped short of saying he was walking away from the ...
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News briefsLVMH’s Fashion & Leather Goods division grows in Q3
LVMH’s nine-month revenues fell by 21 percent to € 30,348 million, with organic sales also declining by 21 percent, due to the impact of the Covid-19 pandemic. In the sole third quarter, revenues were down by only 7 percent on an organic basis thanks to a return to growth in ...
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ArticleHigg to launch Open Data Portal to validate brands’ sustainability claims
At the Copenhagen Fashion Summit, technology company Higg Co has unveiled its new Open Data Portal, introducing sustainability transparency to the apparel industry at a global scale. Expected to launch in 2021, the new portal, developed in partnership with the Sustainable Apparel Coalition (SAC), will feature access to the actual ...
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ArticleVF matches its management to its new business model
VF Corporation is changing its management structure to suit changes in the way it does business, notably the grouping of all brands into dual portfolios. Core Brands comprises Vans, The North Face (TNF) and Timberland. Doug Palladini and Steve Murray have become global brand presidents of Vans and TNF, respectively. ...
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Article
Wolverine takes its sales conference digital again
Because of Covid-19 and its related safety measures, Wolverine Worldwide has expanded its partnership with Envoy B2B, taking its buyers’ conference digital. The American company was obliged to cancel its Global Brand Conference in the spring, depriving its 12 brands of a means to introduce their new products to the ...
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ArticleAsos to focus more on activewear
Fashion e-tailer Asos will expand its activewear offering as locked-down clients spurned party outfits in favor of sportswear and exercise gear during the Covid-19 pandemic, helping the company to almost quadruple full-year profits. The company said grabbing a greater share of the “huge” sportswear market along with beauty products is ...
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ArticleLenzing, Covestro help spearhead Renewable Carbon Initiative
Materials producers Lenzing and Covestro are among 11 companies from six countries that recently joined forces to launch the Renewable Carbon Initiative (RCI). The initiative, under the leadership of German research institute nova-Institute, aims to phase out the use of fossil fuels for all organic chemicals and materials by 2050 ...
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News briefs
Analpa has introduced “fashion comfort” with Grünberg
Claiming to have broken new ground by introducing the concept of “fashion comfort” in the shoe market, Analpa, the Russian-American parent of Keddo, has had a good ride with Grünberg, a new brand of relatively “cool” comfort shoes originally meant for the German-speaking market, which targets mainly young people. After ...
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News briefs
Hoff collaborates with Moisés Nieto
The Hoff Brand has released a women’s sneaker co-branded with its designer, the Spaniard Moisés Nieto, who founded his eponymous brand in 2011. The Moisés Nieto x Hoff has an upper of white leather with grey and blue accents, a white and red outsole, and a blue and white check ...
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News briefs
Li & Fung shuffles its top management
Li & Fung, which went private in May of this year, is shifting Joseph Phi from group president to chief executive. Spencer Fung, CEO since 2014, is in turn moving to executive chairman. He will be replacing William Fung, who is taking a seat alongside his brother, Victor Fung, on ...
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News briefs
Vans names Anderson .Paak as its global music ambassador
Vans has announced the appointment of Anderson .Paak as its first-ever global music ambassador. The artist, born as Brandon Paak Anderson and also known as AP, a three-time Grammy Award winning singer, songwriter and producer. AP once worked at a Vans retail store in Topanga Canyon, California. As an artist, ...
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ArticleAktiv Schuh, bankruptcy proceedings opened
Just a little more than two months after the ailing shoe retailer Aktiv Schuh filed for bankruptcy, the district court of Berlin-Charlottenburg officially announced the start of insolvency proceedings under self-administration. According to a statement from the court, the proceedings were opened on Oct. 1 and Torsten Martini of the ...
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ArticleeBay starts sneaker authentication
eBay is expanding its Authenticity Guarantee service to sneakers sold on its online platform as it takes on its rivals StockX and Goat in the fast-growing collectible sneakers market. Through the program, all new and pre-owned collectible sneakers sold on eBay for over $100 in the U.S. will be fully ...
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Article
EU agrees on common rules for travel restrictions due to Covid-19
The European Council has adopted a recommendation on a coordinated approach to travel restrictions in response to the Covid-19 pandemic. The council comprises the heads of state or government of the countries forming the European Union, as well as the president of the council and of the European Commission. ...
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ArticleGlobal talks on digital tax prolonged to 2021
The 137 countries involved in talks on base erosion and profit shifting (BEPS) due to the digitalization of the economy have agreed to keep working towards an agreement on the taxation of digital companies by mid-2021, thus acknowledging that they will fail to strike a deal by the end of ...
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ArticleStockX sees ‘remarkable’ growth in Q3
StockX, the online resale exchange for sneakers and streetwear, counted 25 million global monthly visitors to its platform in the third quarter and “continues to grow at a remarkable rate” as the resale market expands globally. In a third-quarter snapshot looking at its international performance, StockX noted that sell-side transactions ...
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ArticleThe casual shoe market grew by 6.0% in 2019
According to a study conducted by Shoe Intelligence in collaboration with Sporting Goods Intelligence, the branded casual footwear market grew by 6.0 percent in terms of invoiced dollars to an estimated level of $20.8 billion in 2019, in spite of strong competition from the athletic footwear brands in the disputed ...
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News briefs
Paul Green reshuffles its management
Paul Green, a Austrian footwear manufacturer specializing in women’s shoes, has undergone a management restructuring with Gerald Huber remaining the sole managing director after Gerhard Feger, Thomas Seiler and Guido Strebel stepped down but remained shareholders. Huber, 55, has been with the company since 2001. The company appointed Torsten Tesche, ...
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News briefs
25 former André stores to be auctioned
Twenty-five former shops of the French footwear retailer André will be auctioned from Oct. 27 to 30 in Grenoble. In July, a Grenoble-based court had chosen François Feijoo to take over André which had filed for insolvency. But, Feijoo only kept 55 of André’s stores, out of a total fleet ...
