Product & Marketing – Page 260
-
News briefs
Geox pays July wages of bankrupt logistics provider
Geox, through its unit Xlog, paid the wages for the month of July of about 380 employees of the logistics company Venere, a unit of the Milanese group CGS currently being liquidated after being declared bankrupt. The payment was reached after Xlog reached an agreement with the Treviso chapter of ...
-
ArticleYue Yuen posts a $136.7 million loss in H1
Yue Yen Industrial Holdings was hard hit by China’s measures to contain the spread of coronavirus. The world’s largest shoe manufacturer posted a net loss of $136.7 million for the first half of 2020, against net income of $165.9 million for the year-ago period. The company managed to reduce operating ...
-
News briefsCamtrade rebranded The Enjoiya Group
The U.S. women’s wholesale footwear firm Camtrade has changed names to The Enjoiya Group. The company manufactures and distributes three shoe brands, Enjoiya, Secret Celebrity and Soft Comfort. They have an emphasis on comfort and fit, with price-value also a key component in the market positioning. Enjoiya is the company’s ...
-
News briefs
Birkenstock’s retail head leaves
Birkenstock’s retail director, Oliver Jansen, left in August to join Bahlsen Outlets, the outlet business of the German biscuit maker Bahlsen Group. The German sandal maker has yet to announce a successor Prior to joining Birkenstock in March 2018, Jansen worked for the fashion group Esprit, between October 2015 and ...
-
News briefs
Mall operator in Spain sees worrying decline in July traffic
After a significant improvement in June, the footfall in Spanish malls managed by MVGM, the Dutch property management company, dropped sharply in July, raising concern that the sector may not enjoy a rapid recovery. Data released by the company, which oversees 1.1 million square meters of shopping space in Spain, ...
-
ArticleDr. Martens full-year sales up 48%
Dr. Martens posted revenues of £672.2 million (€741.7m-$880.2m) in the full year ended on March 31, up by 48 percent from a year earlier. Direct-to-consumer sales through its e-commerce platform and stores grew by 51 percent to £301.6 million (€332.8m-$394.9m) while wholesale sales increased by 45 percent to £370.6 million ...
-
ArticleFarfetch’s Q2 GMV surges and beats the company guidance
The British fashion e-tailer Farfetch saw gross merchandise value (GMV) increase by 47.7 percent year-on-year in the second quarter to $721.3 million. GMV of its digital platform business rose by 34.4 percent to $651.0 million. Excluding the impact of changes in foreign exchange rates, the increase reached 39.2 percent. The ...
-
ArticleGrendene’s sales tumble by 86% in Q2
The downward spiral continued in the second quarter for Grendene, whose sales tumbled by 85.8 percent to 82.1 million reais (€13.0m-$15.3m), following several quarters of declining sales. The Brazilian group, which owns brands such as Ipanema and Melissa, sold 4.3 million pairs during the period, or 25.8 million fewer than ...
-
News briefsKeen and Garcia Family team up for limited edition and good cause
Much to the chagrin of all “deadheads” – the nickname for fans of the band The Grateful Dead – on this side of the Atlantic, it probably won’t be available in Europe, but it’s worth noting that Keen has teamed up with the Jerry Garcia Family to present a new ...
-
ArticleOmni-channel retail specialist to become new president of Wolverine Worldwide
Brendan Hoffman will take office on Sept. 8 as the new president of Wolverine Worldwide, the company announced earlier this week. Hoffman will then also join the company’s board of directors. Source: Wolverine Worldwide Brendan Hoffman The omni-channel retail specialist brings 30 years of experience in merchandising, ...
-
ArticleTheo Henkelman, Only A Shoes follow FNG Group into bankruptcy
The two Dutch shoe companies Theo Henkelman and Only A Shoes had to file for bankruptcy in the wake of the insolvency of part of the Belgian fashion firm FNG Group. The bankruptcy proceedings started on Aug. 10 for the two Dutch units. The administrator in charge of managing the ...
-
ArticleStuart Weitzman’s Q4 sales plummet to $33 million
In the fiscal fourth quarter ended on June 27, Stuart Weitzman posted net sales of $33 million, down from $85 million in the same period of the prior year, largely due to the impact of the Covid-19 pandemic. The brand, which is owned by the American group Tapestry, saw its ...
-
News briefs
EU introduces tariffs on Cambodian shoes
As of August 12, Cambodian footwear and other products such as garments and travel goods are subject to the European Union’s customs duties. The move comes after the EU decided to partially withdraw Cambodia’s duty-free quota-free access to the single market because of a lack of respect of human and ...
-
News briefs
ABG, SPARC picked to buy Brooks Brothers for $325 million
The iconic American apparel group Brooks Brothers has selected Authentic Brands Group (ABG) and its partially owned retail unit SPARC as the winning bidders of a competitive sale process after they increased their offer to $325 million for the vast majority of the company’s global business operations as a going ...
-
News briefs
Asos to post higher-than-expected FY results thanks to demand, lower returns
The British online fashion retailer Asos said that its sales and profits for the full year ending in August are expected to be significantly ahead of market expectations, thanks to stronger-than-anticipated underlying demand and lower-than-forecast returns. Revenue growth is expected to reach 17-19 percent, with pretax profit in the region ...
-
Article
Wildberries doubled H1 sales amid the Covid-19 pandemic
In the first half of 2020, the Russian online retailer Wildberries boosted turnover by 110 percent year-on-year to 178.7 billion rubles (€2.05bn-$2.42bn). In the second quarter alone, sales rose a record-breaking 123 percent to RUB 103.4 billion (€1.18bn-$1.4bn). In volume, sales tripled during the second quarter, when offline sales in ...
-
ArticleNew records in footwear production and exports before Covid-19
Global production of footwear reached a record of 24.3 billion pairs in 2019, according to the latest edition of the World Footwear Yearbook, published annually by Apiccaps, the Portuguese industry association of footwear, leathergoods and related components. This new record marks a 21.2 percent increase from the production figure registered ...
-
Article
German shoe industry joins forces to launch data sharing platform
Germany’s shoe industry has joined a wide-ranging alliance to set up a data exchange and clearing platform for the sector. The footwear buying groups ANWR and Sabu, the shoe and leather goods industry association HDS/L and the merchandise management providers ETOS and Brandt Retail groups have agreed on a joint ...
-
News briefs
Samuel Deichmann joins operational management team
Samuel Deichmann, 27, has joined the six-member operational management team of the family-owned Deichmann group. Since Aug. 1, he is in charge of digital innovation, investments and corporate development, including parts of the physical retailing activity. Samuel Deichmann is the fourth generation of the family involved in the German footwear ...
-
News briefs
Golden Goose opens a store on Tmall Luxury Pavilion
The Italian luxury sneaker brand Golden Goose has opened a flagship store on Tmall Luxury Pavilion, the B2C marketplace of the Chinese group Alibaba. The store will carry some of the brand’s most iconic products such as the sneakers Superstar, Stardan, Pure and Yeah, along with a new collection of ...
