Product & Marketing – Page 271
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News briefs
Felix Finger has left the HR Group
Felix Finger, a member of the executive board of the Hamm-Reno Group, left the German shoe retailing company on March 31 by mutual agreement. He was responsible for IT, logistics and e-commerce. Finger joined the HR Group in 2002 and was mainly responsible for the development of the group’s online ...
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News briefs
Görtz calls for sales-related store rental contracts
According to a German trade magazine Schuhkurier, Görtz is asking for more flexible rents for the shoe retail industry. The Hamburg-based shoe retailing company, which has already reopened all of its 180 stores in the country, is calling for an adjustment of rental costs following the retail lockdown due to ...
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News briefs
Schuhe24 to connect its retailers with another platform
The Schuhe24 group, the German-based company that owns and manages the Schuhe24, Outfits24, Sportmarken24 and Taschen24 online marketplaces for independent shoe, sporting goods and fashion retailers, has joined forces with Locamo, another German-based company that manages regional online marketplaces. It currently offers about three million products, including books, textiles, beauty ...
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News briefs
GMS offers to renegotiate rents for its members
Introducing a new service, GMS, the German voluntary group of shoe retailers, is offering to renegotiate rents with landlords on its members’ behalf. GMS would coordinate each single procedure beforehand with its members and would then take over the negotiations, if so desired. Many independent retailers have managed to obtain ...
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News briefs
Leomil to take over European license for Lee Cooper brand
Leomil, the Dutch shoe company that belongs to the Cortina Group, has taken over the European footwear license for the Lee Cooper brand. Leomil will develop its first shoe collections for women, men and children for the spring/summer 2021 season, presenting them in June. The licensing deal Leomil has signed ...
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News briefs
Converse sues Steve Madden over sneaker design
Converse is alleging that Steve Madden copied its Run Star Hike sneakers. According to a suit that was filed by Converse on May 29 in a Massachusetts federal court, the Madden Girl Winnona Flatform High-Top and Shark sneakers contain unique Run Star Hike design elements. The Madden shoes allegedly use ...
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News briefs
Indonesia footwear industry loses 400,000 jobs due to Covid-19
Nearly 400,000 workers in Indonesia’s footwear and leather industry have been forced to stop working so far due to the Covid-19 pandemic, according to preliminary data from Indonesia footwear producers’ association, Aprisindo. Many factories have temporarily closed, while capacity at others has been reduced to about 40 percent to complete ...
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News briefs
La Halle’s administrators set June 9 deadline for bids
The court-appointed administrators supervising La Halle have set, in agreement with the company’s management, a June 9 deadline to present bids for the company or its assets. A Paris-based commercial court also placed the company into receivership to allow it to be sold piecemeal. Previously, La Halle had been placed ...
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News briefs
Asos adds 80 independent boutiques to its Marketplace
British online fashion retailer Asos said its Asos Marketplace featuring independent and vintage brands saw the addition of 80 new boutiques in April and strong sales and traffic growth in April and May as UK customers turned to online retailing after lockdown measures were introduced in the country on March ...
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News briefs
Aldo UK enters administration
Canadian footwear retailer Aldo Group said its UK arm has been placed into administration, due to profitability problems and a collapse in retail spending amid the Covid-19 pandemic. Five of its UK stores have been permanently closed, while the eight remaining ones have been handed over to administrators who will ...
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News briefs
German retailers ask for help after a drop of 71% in April
The Federal Statistics Office of Germany has reported a year-on-year decline of 70.7 percent for April in total sales of apparel, shoes and leathergoods, due to the retail lockdowns demanded by the government help stem the Covid-19 pandemic. Overall retail sales in Germany declined by 6.5 percent for the month, ...
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News briefs
Brazil's shoe production may fall by 30% in 2020
The Brazilian footwear trade association, Abicalçados, forecast that production in the sector should fall by 21 percent to 30 percent in 2020, adding up to 191 million to 265 million fewer pairs of shoes compared to last year and dropping to the level last seen 16 years ago. In a ...
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News briefs
Aeffe continues share buyback
Contrary to many companies that have suspended share buyback programs to retain cash because of the impact of the Covid-19 pandemic, the Italian fashion house Aeffe, which owns Pollini, continued with a previously announced buyback, purchasing 70,000 shares equivalent to a 0.07 percent stake at an average price of €0.9038 ...
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News briefs
Baboos is insolvent
Baboos, the Dutch-based shoe brand specializing in extra-large men’s and women’s shoes, has gone bankrupt. A local court in the Gelderland province of the Netherlands made the declaration on May 26. According to Baboos, it delivered its products to about 60 shoe retailers in the Netherlands, seven in Belgium and ...
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Article
Primark is awash with stock but does not plan aggressive discounting
The Irish fast fashion retailer Primark, which is owned by Associated British Foods (ABF), is carrying very high stock levels as it accelerates its store openings. Nevertheless, it believes it will be able to sell the goods without special discounting.
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News briefs
Rautureau hires Riccardo Ribolla as sales manager
The French company Rautureau Apple Shoes has hired Riccardo Ribolla to head its sales team. He started on May 11. Before moving to Rautureau, Ribolla worked for S&Co, a French distributor of fashion brands such as Elisabetta Franchi, M Missoni and TwinSet. Prior to that, he worked in Italy until ...
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Article
Up to half of Moscow’s shoe stores may not reopen
Between 35 to 50 percent of Moscow’s footwear stores are likely not to resume trading after the lifting of the lockdown in the Russian capital due to the impact of the economic crisis and online competition, according to the local think tank Fashion Research Group. Moscow introduced a lockdown on ...
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News briefs
French clearance period pushed back to July 15
The end-of-season clearance period in France will start on July 15, rather than June 24, to satisfy a request by small retailers whose stores were closed during the coronavirus-related lockdown and could not sell the current spring/summer collection at full prices, according to the economy minister, Bruno Le Maire. Unlike ...
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News briefs
Gucci sets its own show schedule
Gucci creative director Alessandro Michele said the fashion house, owned by the Kering group, would leave the traditional fashion calendar as it plans to show twice a year only. “I will abandon the worn-out ritual of seasonalities and shows to regain a new cadence, closer to my expressive call,” Michele ...
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News briefs
Timberland joins forces with Klarna for buy now, pay later service
Timberland, a VF Corp. brand, has entered a partnership with Klarna, a Swedish specialist in online financial services, to offer the footwear brand’s U.S.-based e-commerce customers a flexible ”buy now, pay later” option. With this service, clients can make four equal payments with no interest added. Klarna claims to be ...
