Product & Marketing – Page 270
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News briefs
Dielmann files for insolvency proceedings under self-administration
Dielmann, a German retailer with 48 footwear and sporting goods stores operating under such banners as Schuhhaus Dielmann and Sporthaus Robert Hübner, filed for insolvency proceedings on June 4. The local court of Darmstadt opened the proceedings under self-administration on June 8. The coronavirus is seen as having been an ...
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Article
Cambodian manufacturers plead for postponement of EU sanctions
Sales of Cambodian apparel, footwear and travel goods are estimated to fall by 50 to 60 percent in the second quarter year-on-year, according to the Cambodia Footwear Association, the Garment Manufacturers Association in Cambodia and the European Chamber of Commerce in Cambodia. In a co-signed letter sent to the European ...
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Article
Japanese department stores hit by coronavirus and tourism slump
Japan was already in recession before the coronavirus crisis, with GDP down by an annualized 7.1 percent in the last quarter of 2019, and by 2.2 percent from January to March 2020. The country stayed under a state of emergency between April 6 and May 25, however with lighter restrictions ...
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News briefs
Legero United opens biggest store at its new headquarters in Austria
Legero United, the Austrian-based footwear group that markets brands such as Legero, Superfit, Vios and Think, has opened its biggest store at its headquarters in Feldkirchen, Graz. The company opened the Legero United Campus at the beginning of this year, investing about €30 million. About 350 employees have moved into ...
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ArticleCaleres to accelerate store closures as e-commerce surges
The Covid-19 pandemic has led to a dramatic surge in the importance of e-commerce in Caleres’ sales, representing about a third of the company’s revenues in its fiscal first quarter, and prompting it to accelerate the closure of some 160 stores by the end of 2021.
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ArticleMaterial Exchange rides the digitalization wave
Material Exchange, an online platform for the procurement of materials based in Stockholm, has seen growth in the number of its footwear and fashion supplier and brand members accelerate as the Covid-19 pandemic gives a new impetus to digitalization.
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News briefs
Daniel Kraus leaves Bernd Hummel
On May 31, Daniel Kraus left Bernd Hummel, the German-based licensee of Kangaroos and owner of the Flip Flop brand. In May 2018, Bernd Hummel had appointed Kraus to the newly created position of vice president for sales and marketing, responsible for sales of the Kangaroos and Flip Flop brands ...
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News briefs
Hunter secures £18.5 million funding
Hunter Boots has received rescue funding to help it cope with the economic repercussions of the coronavirus crisis, and to support future growth. According to a report by the London Evening Standard citing the company, Hunter’s existing backers have agreed to inject £18.5 million (€20.8m-$23.5m) into the business. The deal ...
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News briefs
Sebago in co-branding partnership with Baracuta
Sebago, the brand owned by Italy’s BasicNet, has joined forces with British fashion group Baracuta for a new spring-summer 2020 capsule collection known as “Sebago with Baracuta”. The collection hit stores in late May after a preview at the Pitti Immagine Uomo trade fair in June 2019 and consists of ...
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News briefs
Klekt taps Sally Scott as first CEO
Online sneaker and streetwear marketplace Klekt hired Sally Scott to be its chief executive, a newly created position at the group. Scott comes to Klekt from beauty box subscription service Birchbox, where she was UK managing director from July 2018 until February 2020.
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News briefs
Germany’s VAT cut may hit retailers across the border
Germany decided on June 3 to reduce the value-added tax (VAT) rate on non-food products to 16 percent from 19 percent, starting from July 1 and through the balance of this year, to give a boost to consumption and the economy. It has also cut the VAT rate for restaurants ...
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News briefs
McArthurGlen to launch rent relief package for its retail partners
McArthurGlen, the international operator of designer factory outlet centers, has launched a rent relief package for its retail partners until the end of this year. The group is waiving all minimim base rent, turnover-based rent and marketing charges for tenants in all of its centers that were closed from April ...
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News briefs
Wolverine performs better than expected
Wolverine Worldwide told analysts at the Baird 2020 Global Consumer, Technology, and Services Conference on June 4 that its sales were better than expected in the first nine weeks of its second quarter, falling by less than 50 percent overall. The impact of the coronavirus-related retail lockdown was partly offset ...
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News briefs
Pitti fairs postponed from September to January
In what its president, Claudio Marenzi, calls a “painful but inevitable” decision, Pitti Immagine is postponing all its physical trade shows in Florence from September of this year to January 2021. After a meeting of Pitti Immagine’s board of directors, Marenzi justified the decision with the fact that too few ...
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News briefs
Phillip Lim partners with The RealReal to sell unsold stock
The American fashion brand designer Phillip Lim has struck an agreement with the online luxury consignment marketplace The RealReal to sell unsold items from previous collections of the 3.1 Phillip Lim brand at discounted prices, reported WWD. Brand products are placed in a dedicated online shop and remain there until ...
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News briefs
Buffalo to launch vegan shoe collection
Buffalo, the German footwear brand acquired by Deichmann in October 2016, launched its first vegan shoe models, developed in cooperation with the designer Marina Hoermanseder. The collection for the forthcoming autumn/winter season consists of five shoe models that are wholly made with vegan materials. They will be on sale from ...
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News briefs
EU clears Permira’s purchase of Golden Goose
The European Commission has cleared the acquisition of the Italian firm Sneakers Maker, the owner of luxury footwear and apparel brand Golden Goose, by the private equity firm, Permira because the deal does not raise competition concerns. Permira, which is buying the company from fellow private equity firm Carlyle, already ...
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News briefs
Premium Group to launch digital trade show format
By banning trade shows and mass events in Berlin through Oct. 24, the local senate has caused the cancellation of the Premium and Seek fashion trade shows. Thus, the Premium Group, which organizes them, has decided to launch a new digital trade show format. Together with a local partner, Joor, ...
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News briefs
Walter Breuer to leave Think!
Walter Breuer, long-time chief executive of Think!, is leaving. This shoe brand is owned and managed by Legero United, the Austrian-based footwear group that also markets brands such as Superfit, Legero and Vios. Legero United is integrating Think! into the sales organization of its Superfit and Legero shoe brands, and ...
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News briefs
Timberland continues to invest in regenerative agriculture
Timberland has partnered with the Savory Institute, a non-profit focused on the large-scale regeneration of the world’s grasslands, to build a regenerative leather supply chain. This new initiative builds on the brand’s announcement, in November 2019, of a collaboration with Other Half Processing to build a leather supply chain sourced ...
