Product & Marketing – Page 266
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Article
Nike, Zara, Adidas are the most valuable fashion brands
Nike takes the top spot among fashion brands in the top 100 of the BrandZ ranking of the world’s most valuable brands, released by WPP and Kantar. It is followed by two European brands, Zara and Adidas. Nike managed to improve its valuation by 5 percent to $49,962 million, while ...
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News briefs
Stuart Weitzman exits Japan
Stuart Weitzman, the luxury footwear brand that is part of the Tapestry group, will close all of its three directly operated stores in Japan before the end of August. The American brand, which opened its first Japanese shop in 2018 at Isetan’s department store in Tokyo, does not have any ...
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ArticleH&M unit Sellpy launches in Germany
Sellpy, the Swedish online second-hand retailing service owned at about 70 percent by H&M, is being launched in Germany, marking its first move outside its domestic market. In a joint statement, the companies indicated that sustainable consumption and a circular textile economy are an integral part of the group’s sustainability ...
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News briefsCrocs opens new headquarters in Colorado
On June 24, Crocs, opened its new corporate headquarters in Broomfield, Colorado, less than 20 miles from downtown Denver. In addition to the nearly 375 current positions, the some 90,000 square foot facility located in the Atria campus will allow the company to “significantly” expand to hire more full-time employees. ...
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News briefs
Shoe Zone appoints Peter Foot finance director
Shoe Zone has appointed Peter Foot as finance director, with effect from July 6. He will replace Jonathan Fearn, who held the job for over four years and whose resignation has been accepted with effect from July 31. Foot is due to become a board member of the British ...
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ArticleJimmy Choo impairment weighs on Capri’s Q4 results
The U.S. fashion group Capri Holdings, that owns Jimmy Choo, Michael Kors and Versace, posted a net loss of $551 million in the fourth fiscal quarter ended on March 28 compared to a net income of $19 million in the prior year. The bottom line was hit by $635 million ...
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News briefs
Spanish government to guarantee €40 billion for digitalization, environment
The Spanish government is guaranteeing €40 billion in new credit lines to underpin corporate investments in digitalization and in green technologies. In March, the government had announced that it would guarantee €100 billion in loans to companies in financial difficulties due to the Covid-19 pandemic. The government is also creating ...
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ArticleCovid-19 spurs rent renegotiations, partnerships
Retailers from Europe to the U.S. have sought rent relief as they reel from Covid-19 shutdowns and reopen stores faced with higher costs to meet health and safety requirements and uncertain sales prospects. Although some landlords have taken a hard line, many are trying to help keep retail tenants afloat ...
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News briefs
Breuninger to open fully renovated, 11,000-sqm Nuremberg branch in September
The upmarket German department store retailer Breuninger is preparing to open its fully redesigned 11,000 square-meter branch in Nuremberg, in the southern German state of Bavaria, featuring an expanded range of premium and luxury brands as well as two new gastronomic outlets. The re-opening of the department store, redesigned by ...
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ArticleNice Footwear issues €3 million in bonds to finance its development
Nice Footwear is launching a €3 million bond with an annual interest rate of 4.375 percent and a six-year maturity. The bonds, which have a face value of €100,000 each, will be traded on the Milan stock exchange. Under the terms of the transaction, the Italian company has the right ...
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Article
CTC boosts the support scheme for its members
The Centre Technique du Cuir (CTC), the French-based research and training group that redistributes funds collected among its members to support the national leather industry, has announced a three-fold plan of exceptional measures for this year, in order to assist its members in the post-coronavirus period. A new subsidy will ...
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News briefsEarth Shoes appoints Jocelyn Thornton VP of product and merchandising
Earth Shoes has appointed Jocelyn Thornton to the new post of executive vice president of product and merchandising and Fred Allard as creative director of product. Before joining Earth Jones, Thornton was senior vice president of creative and merchandising strategy at the fashion and retail consultancy Doneger Group for over ...
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News briefs
La Halle will know its buyer(s) on July 8
La Halle, currently in receivership, will know who are its buyer or buyers on July 8, according to its current owner Vivarte. La Halle received 25 bids for its assets, which represent a significant part of its activity. A Paris-based commercial tribunal will decide to whom the assets will be ...
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ArticleMicam launches an all-year round “augmented” digital fair
Micam has joined forces with the Los Angeles-based wholesale e-commerce platform NuOrder to launch Micam Milano Digital Show, which it describes as an “augmented trade fair” to be held all-year round. In May, Micam had announced that it was negotiating a commercial agreement with a leading player in digital services ...
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News briefs
Marypaz to lay off staff, close stores in Spain
Marypaz, the Spanish maker and retailer of women’s shoes and accessories, is planning to lay off 170 employees, out of a total workforce of 600 as of Dec. 31, 2019, in an effort to limit the damages of the coronavirus crisis. According to reports in modaes.es, the company is also ...
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Article
FFANY to move under FDRA umbrella
The Fashion Footwear Association of New York (FFANY) is set to come under the umbrella of the Footwear Distributors and Retailers of America (FDRA) effective Oct. 1 after the end of FFANY’s current fiscal year. John Heron, the executive director of FFANY, says the long-discussed merger was given a push ...
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News briefs
Deckers appoints Victor Luis to its board
Deckers Brands has appointed Victor Luis to its board of directors to replace James Quinn, who has yielded the seat he gained in 2011. Luis was chief executive and a board member of the former Coach from 2014 to 2019, during its transition to a new name: Tapestry. The company ...
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News briefs
LVMH saw ‘rather vigorous’ signs of recovery in June
The French luxury goods group LVMH says that it does not have a timeframe for when its business will return to normal but it noted “rather vigorous” signs of recovery in June. Speaking at the group’s annual general meeting, its chairman and chief executive Bernard Arnault warns that second-quarter results ...
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News briefs
Kering to create testing laboratory in Tuscany
The French fashion group Kering is setting up a Test & Innovation Laboratory (TIL) in Prato, Tuscany. It will provide chemical and other tests on products and raw materials for apparel, leathergoods, footwear, eyewear, watches and jewelry. It is scheduled to start operating in the first half of 2021. TIL ...
