Product & Marketing – Page 26
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News briefs
Jennyfer files for liquidation
On April 30, the Bobigny commercial court near Paris placed Jennyfer into compulsory liquidation, putting 999 jobs at risk. The French fashion brand can continue operating until May 28, when the court will examine possible takeover offers. “Exploding costs, falling purchasing power, changes in the textile market and increasingly aggressive ...
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News briefs
BasicNet Q1 revenues fall 3.3% amid ‘unstable’ geopolitical and macroeconomic landscape
BasicNet, which owns Kappa, Superga, Sebago and other brands, reported a 3.3 percent fall in consolidated first-quarter revenues to €98.3 million. Royalties from commercial and product licensees rose 24 percent to €16.1 million, while direct sales decreased 7.1 percent to €81.9 million. Aggregate brand sales, including licensed revenues, rose 2.9 ...
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News briefs
VF cuts 400 jobs
VF Corp., the parent company of outdoor and lifestyle brands including The North Face, Timberland, Vans and Dickies, has laid off approximately 400 employees across its global operations, as reported by US trade publication Shop Eat Surf Outdoor. According to a company statement, the layoffs are part of VF Corp.’s ...
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ArticleRocky Brands maintains full-year guidance after better-than-expected Q1
Rocky Brands maintained its full-year sales and earnings guidance after a better-than-expected performance in the first quarter of the year, while it prepares to hike prices and shuffle manufacturing in the wake of new US import tariffs. In the three months ended March 31, Rocky Brands reported sales of $114.1 ...
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ArticlePrada Group’s sales driven higher by Miu Miu
The Prada Group posted net revenues of €1,341 million in the first quarter of 2025, up by 13 percent year-on-year both on a reported basis and at constant exchange rates thanks to the Miu Miu brand. At actual and constant exchange rates, retail sales were up by 13 percent to ...
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ArticlePrimark committed to US expansion
Primark said it is committed to the expansion of its store network in the US despite the unreliable approach to tariffs by the US President Donald Trump. The current chain of 29 US stores accounts for about 5 percent of Primark’s sales. It has also signed leases on an extra ...
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News briefs
DSW installs Imbox Protection in nearly 500 US stores
DSW Designer Shoe Warehouse, the US footwear retailer owned by Designer Brands, said that it has launched “the largest retail partnership in North America” with Imbox Protection, a provider of an in-store shoe protection solution. The service is currently available in nearly 500 DSW locations across the US. “Using a ...
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News briefs
German consumer sentiment improves
German consumer confidence is expected to rise by 3.7 points to -20.6 points in May from -24.3 points in April, according to the GfK Consumer Climate powered by NIM which has been published jointly by GfK and the Nuremberg Institute for Market Decisions (NIM). The April reading was revised up ...
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News briefs
Vessi names a new Chief Marketing Officer
Vessi, a Vancouver-based footwear brand known for its waterproof sneakers, appointed Lorrin Pascoe as its new Chief Marketing Officer (CMO). “This strategic hire signals a significant step forward in Vessi’s mission to scale globally and deepen its market position as a category leader in waterproof footwear,” the company said. Prior ...
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News briefs
Hudson’s Bay liquidates its remaining stores
On April 25, Hudson’s Bay Company, the Canadian group comprising the retailer Hudson’s Bay and TheBay.com, started liquidating inventory at its remaining six Hudson’s Bay stores and one Saks Fifth Avenue location. The group believes that ”a viable bid for the current six-store model is unlikely.” The locations join the ...
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News briefs
Baffin introduces online sales in France, Germany, the UK and Italy
Baffin, a Canadian brand of high-performance footwear and apparel founded in 1979, has launched direct-to-consumer (DTC) international shipping to France, Germany, the United Kingdom and Italy. “With this expansion, customers in these key European markets can now order directly from Baffin.com, gaining easier access to the brand’s innovative products – ...
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ArticleLowa’s sales rise nearly 2% in 2024
German outdoor footwear brand Lowa Sportschuhe GmbH announced that it achieved the second-best financial result in its history in fiscal 2024, posting revenues of €233.9 million, an increase of 1.9 percent year-over-year. The company also sold 2.97 million pairs of shoes, up 0.8 percent compared to the previous year. “Our ...
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ArticleAsos narrows its losses as the turnaround plan takes hold
Asos reported lower sales in the first half of its fiscal year as it continued to clear excess inventory, but said its new business model was showing signs of progress and left it better placed to deal with the impact of US trade tariffs. The company narrowed pre-tax losses to ...
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ArticleCapezio changes hands but the CEO remains
Argand Partners, a New York-based private equity firm, has bought Ballet Makers, the US owner of the Capezio brand of dance shoes. The terms of the transaction were not disclosed. Founded in 1887, Capezio designs and manufactures premium and highly technical footwear, apparel, and accessories that support dancers and athletes ...
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News briefs
Zegna's Q1 revenues slip nearly 1%
Ermenegildo Zegna posted revenues of €458.8 million for the first quarter of 2025, down by a reported 0.9% year-on-year and 1.2 percent organically. ”We are encouraged by these early positive results but also mindful of the recent geopolitical and economic uncertainties. And while we have not observed significant changes ...
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News briefs
Indian leather goods and footwear exports up 25% in 2024/2025
India’s exports of leather products and non-leather footwear increased by about 25 percent in the fiscal year ended March 31, 2025 to $5.7 billion, according to the Council for Leather Exports. Exports exceeded by $1 billion the target set up by the Indian Ministry of Commerce and Industry ”and going ...
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ArticleSkechers pulls FY guidance amid trade uncertainty after ‘exceptional’ Q1
Skechers withdrew its sales and earnings guidance for the full year amid heightened macroeconomic uncertainty and signs of weakening US consumer sentiment due to global trade policy developments. “As we began 2025, we communicated our belief reflected in our annual guidance that this would be another year of growth on ...
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News briefs
French footwear sales up by 3.9% in March
In March, French footwear retail sales rose by a seasonally and working-day adjusted 3.9 percent month-on-month after falling 1.8 percent in February, according to the Bank of France. Overall, retail sales in France dipped a seasonally and working-day adjusted 0.1 percent from February, when they rose by 0.6 percent. ...
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ArticleUS Treasury Secretary sees de-escalation in trade war with China
During a private summit with investors hosted by JPMorgan Chase held in Washington, the US Treasury Secretary Scott Bessent said he expects “there will be a de-escalation” in the trade war with China in the “very near future,” CNBC reported citing a person attending the meeting. “No one thinks the ...
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ArticleArc’teryx sets up a footwear business unit
Arc’teryx Equipment has announced the creation of a standalone footwear business unit to accelerate its presence in the high-performance mountain footwear category. The move comes on the heels of a strong Spring 2025 product launch, including the Norvan LD 4 and Vertex Speed trail models, and signals the brand’s deepened ...
