Product & Marketing – Page 263
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News briefs
Luis Onofre re-elected president of Apiccaps
Luis Onofre was re-elected for three years as president of Apiccaps, the Portuguese association grouping manufacturers of footwear, components and leathergoods. Onofre said that at a time when Europe is discussing its reindustrialization it is important that Portugal creates the conditions to ”definitively assert itself as a leader in the ...
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Article
Chaussea obtains 128 La Halle stores
The French footwear retailer Chaussea is taking over 128 stores and 700 employees of the apparel and footwear retailer La Halle, which is being sold piecemeal after filing for insolvency. Founded in 1984 in Valleroy, near Metz, by Gaëtan and Michel Grieco, the sons of Italian immigrants from Basilicata, the ...
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News briefs
Iconix to review alternatives including a sale or merger
Iconix Brand Group, an American manufacturer and retailer of apparel and footwear, is studying “strategic alternatives” to enhance shareholder value, including a potential sale of the company or a merger with another party. The board has authorized management and its external advisors to consider a “broader range of strategic alternatives, ...
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News briefs
VF to open its first multi-brand store
VF Corp. will be opening its first multi-brand store, called Orefici 11 Milano, in the autumn. Located in the Italian city, the three-level, 22,000-square-foot store is meant to reflect its surroundings, mimicking the courtyards, façades and balconies of typical Milanese apartment buildings, the so-called case di ringhiera (guard-rail houses). As ...
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ArticleScarpe & Scarpe seeks debt restructuring agreement with creditors
The Turin-based footwear and apparel retailer Scarpe & Scarpe has entered into a preliminary insolvency procedure, known pre-concordato or concordato preventivo in bianco, granting it temporary protection from creditors while seeking a debt restructuring arrangement. Usually, the procedure provides a company two to four months to reach an agreement with ...
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ArticleSkechers posts loss in Q2, builds on e-commerce momentum
The pandemic significantly impacted Skechers during the second quarter, as it ended the period with a net loss of $68.1 million against a profit of $75.2 million for the same quarter last year. Its revenues tumbled by 42.0 percent to $729.5 million, or by 41.0 percent in constant currencies. These ...
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News briefs
EU sees trade deal with U.K. as unlikely
Michel Barnier, the European Union’s chief negotiator for Brexit, said he views the possibility of reaching an agreement by the end of the year with the U.K. on the parties’ future trade relations as unlikely, following a new round of inconclusive talks in London. Barnier said there had been little ...
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Article
Partial management buy-out for Globus
Globus, the big Swiss department store chain, and its Navyboot and Schild subsidiaries are changing hands again, just a few months after the Austrian-based Signa Retail Group and Thailand’s Central Group joined forces to take over the Swiss group this past February from the previous owner, the Migros cooperative of ...
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Article
Klarna moves to contain impulse buying
Klarna, the Swedish online financial services specialist that works with groups including VF Corp.’s brand Timberland, Scottish footwear retailer Schuh and British online fashion retailer Asos, has launched a new campaign in the UK called KlarnaSense to encourage shoppers to ”think thrice” before making purchases. The campaign against impulse buying ...
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News briefs
Yoox, Armani lay out a new distribution model
Yoox Net-a-Porter (YNAP), the fashion online retailer owned by the Swiss luxury group Richemont, is creating with the Italian fashion group Giorgio Armani a new distribution model that will further the partnership between the two companies that have been working together for 20 years. Under the new agreement, which will ...
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Article
Desma’s “factory of the future” is completed
Desma Schuhmaschinen GmbH, one of the world’s leading manufacturers of machines and systems for industrial shoe manufacturing, has completed its new production and office building in just one year. The manufacturing and commercial divisions are expected to move into the new premises, which are located in Achim near Bremen, by ...
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News briefs
Bangladesh’s leather footwear exports fall by 21.2% in 2019/2020
Bangladesh’s exports of leather footwear declined by 21.2 percent in the fiscal year ended in June 2020 to $478.75 million. While, exports of other footwear rose by 2.1 percent to $277.13 million. Total exports of Bangladesh’s leather industry declined by 21.8 percent to $797.6 million during the period. Footwear represented ...
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News briefs
Vietnam footwear exports down by 6.7 percent in H1
Vietnam’s footwear exports fell by 6.7 percent to $8.1 billion in the first half of 2020, according to the ministry of industry and trade. The decline was due to a fall in exports in May and June in the wake of disruption caused by the Covid-19 pandemic. In the first ...
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Article
Obuv Rossii enter logistics partnership with the Russian state mail operator
Obuv Rossii, a leading Russian footwear retailer, has appointed the country’s state-owned mail operator Russian Post its main logistics partner. The postal operator will be handling the delivery of orders from Obuv Rossii’s central warehouse to customers in Siberia. Russian Post has the largest network in Russia, with more than ...
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News briefs
Cole Haan collaborates again with Jeff Staple
Cole Haan, the American footwear and accessories brand and retailer, is releasing the fruit of a second collaboration with Jeff Staple, the streetwear designer who founded both Staple and Staple Design in New York City. The limited-edition Cole Haan x Staple ØriginalGrand Ultra Collection is a streetwear take on the ...
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ArticleCirillo Marcolin takes over presidency of Confindustria Moda
As planned, Cirillo Marcolin has taken over the rotating presidency of Confindustria Moda, the umbrella organization of the Italian fashion industry, replacing Claudio Marenzi. Confindustria Moda comprises Sistema Moda Italia (SMI), which groups the textile and apparel firms operating in the country; Assocalzaturifici, the shoemakers’ association; Assopellettieri, formerly called Aimpes, ...
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Article
Tapestry’s CEO resigns less than a year in the job
Jide Zeitlin, the chairman and chief executive of Tapestry, has resigned with immediate effect for personal reasons, less than one year after becoming CEO. Tapestry, a New York-based luxury goods house, owns the brands Coach, Kate Spade and Stuart Weitzman. In September 2019, Zeitlin replaced Victor Luis as CEO while ...
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News briefs
Dr. Martens opens a store In Nuremberg
Dr. Martens has opened a store in Nuremberg, with a sales area of 72 square meters. It is the brand’s first store in Bavaria and the seventh in Germany. The store is located in the historical center of the town, between the White Tower and Pfannenschmiedgasse.
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News briefs
Global bankruptcies may rise by 35% over 2 yrs
Global corporate bankruptcies are expected to rise by 35 percent in 2021 compared with 2019 because of the Covid-19 pandemic, representing an average annual compound growth of 16 percent in 2020 and 2021, an annual average similar to the one seen during the 2007-2009 crisis, according to a study from ...
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News briefs
Italian footwear, clothing consumption decline eases
Italian footwear and clothing continued to suffer from falling consumption in June although the rate of decline eased compared to the previous two months, according to the monthly consumption indicator from Confcommercio, the Italian retail trade association. The indicator for footwear and clothing fell by 14.4 percent in June compared ...
