Product & Marketing – Page 267
-
Article
Belarus footwear market heavily hit by coronavirus
Footwear companies in Belarus are experiencing a decline in domestic and foreign sales due to the Covid-19 pandemic, said Belarus’s deputy prime minister, Yuri Nazarov, during a press conference on June 23. Even market leaders such as Belwest and Marko, which have their own production facilities, are suffering, because the ...
-
Article
André’s former head makes partial takeover offer
A Grenoble-based commercial court is expected to decide on July 24 on the future of the footwear chain André, which is currently in receivership. It filed for bankruptcy on March 23 after its owner Spartoo was unable to obtain sufficient financing to continue the business. André was losing money even ...
-
News briefs
Farfetch sees Q2 GMW up 25-30% to $605-630 million
The British fashion e-tailer Farfetch expects gross merchandise value (GMV) on its digital platform to increase by 25-30 percent year-over-year in the second quarter and reach $605 million to $630 million. It noted that the acceleration in growth highlights the increase in adoption of “online luxury” by consumers, brands and ...
-
ArticleOne thing is growing faster than online fashion sales: digital CMR
The Covid-19 pandemic has truly changed the rules of the fashion retail game, accelerating some trends that were already developing and leading to completely new scenarios that are testing the strengths of even the strongest brands. Digitilization is a major force in this scenario, but it is not growing fastest ...
-
Article
Italian components group Margot looks to grow
Margot, an Italian group that makes metallic components for luxury leather goods, shoes and eyewear that is controlled by the private equity Mandarin Capital Partners, is looking to expand with an acquisition in the third or fourth quarter of this year, says Andrea Tuccio, a partner with Mandarin. The aim ...
-
ArticleJB Martin closes its doors
JB Martin, a well-known French shoe company, has ceased all activities. The shoe brand was liquidated by the Paris Commercial Court on June 2. After several years of difficulties, Covid-19 was the last straw. Two weeks after the announcement of the receivership, the 125 employees of JB Martin received their ...
-
News briefs
Golden Goose names Maureen Chiquet chair
Golden Goose has appointed Chanel’s former chief executive Maureen Chiquet as non-executive chairwoman, replacing Patrizio Di Marco. The announcement was made as the British private equity group Permira completed its previously announced acquisition of a majority stake in the Italian producer of upscale sneakers from its U.S. peer Carlyle, which ...
-
ArticleShoe Zone has reopened 416 stores out of 470
The British footwear retailer Shoe Zone has reopened most of its store network, which is exiting the lockdown streamlined, as the company decided to permanently close 20 locations. Meanwhile, online sales were up by 32 percent in the fiscal first half.
-
ArticleShoe Carnival’s online sales soar
After a difficult first quarter, Shoe Carnival is experiencing a strong rebound in sales, so much so that it has issued a business update. For this second fiscal quarter, which began on May 6, so far comparable store sales have surged by 28.1 percent from the same period last year, ...
-
Article
Sioux’s wholesale division files for insolvency as coronavirus lockdowns hit sales
Plummeting department store sales amid business-wrecking coronavirus lockdowns and market uncertainty have driven Sioux Group’s wholesale division off the rails.
-
News briefs
Amazon, Valentino file joint shoe counterfeiting suit
E-commerce giant Amazon and the Italian fashion group Valentino filed a joint lawsuit against New York-based Kaitlyn Pan Group for allegedly counterfeiting the Valentino Garavani Rockstud shoes and selling them online. The lawsuit was Amazon’s first joint litigation with a luxury fashion brand and Valentino’s first with an online retailer. ...
-
Article
Farfetch launches tool to measure environmental impact of purchases
Farfetch has created a tool to measure the environmental impact of goods bought on its e-commerce platform. The software is part of its efforts to help customers make environmentally-sensible choices, thus promoting the purchase of second-hand items. The British company, that specializes in luxury fashion, claims that the tool will ...
-
News briefs
Amazon launches $2 billion fund to invest in decarbonization
Amazon has launched The Climate Pledge Fund to support the development of sustainable technologies and services that will enable the U.S. e-commerce retailer and other companies to meet a commitment to be carbon free, on a net basis, by 2040. The fund will have an initial $2 billion endowment and ...
-
News briefsBreuer returns to Lorenz Shoe as global sales director for Högl
Högl Shoe Fashion, the Austrian shoe brand that is part of the Lorenz Shoe Group, has appointed Walter Breuer to the position of global sales director. As a new member of the company’s executive board, Breuer will support Gerhard Bachmaier and Patrick Lorenz, managing partners at Högl, from July 1. ...
-
Article
Designer Brands misses expectations in Q1
The Covid-19 pandemic has taken its toll on Designer Brands, the American shoe retailing group previously called DSW. It recorded significantly lower sales and heavy losses for its first quarter ended on May 2 – both worse than analysts’ expectations - hampered by strong markdowns and store closures from March ...
-
News briefs
Global children’s footwear market seen up annual 4% to 2024
The global market for children’s footwear is expected to grow by $8.65 billion between 2020 and 2024, representing an average annual increase of almost 4 percent, with the launch of exclusive designer footwear being instrumental in driving the market higher, according to the research and advisory firm Technavio. In a ...
-
News briefs
Riccardo Sciutto to head Cercal footwear school
Riccardo Sciutto, the chief executive of the Italian company Sergio Rossi, has been appointed president of the footwear school Cercal located in San Mauro Pascoli, in the Emilia Romagna region. He replaces Cesare Casadei, who oversaw the school for seven years. Massimo Pazzaglia, project manager of the company Giglioli Production, ...
-
News briefs
Christian Prazzoli is the new CEO of Baldinini
The Italian high-end shoemaker Baldinini has appointed Christian Prazzoli as its chief executive, while the company’s previous helmsman, Gimmi Baldinini, will continue as chairman. The appointment comes after the Bologna-based company Finross, owned by the Rossetti family, earlier this year bought a 60 percent stake in Baldinini for €13 million ...
-
-
News briefs
Obuv Rossii starts selling bicycles
As in many other countries, bicycles have become a hot commodity in Russia as an ecological alternative to public transport, in order to avoid contamination from the novel coronavirus, while keeping fit. Even a leading Russian footwear retailer, Obuv Rossii, has begun selling bicycles, handling after-sale servicing in its own ...
