Product & Marketing – Page 33
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ArticleSteve Madden sees double-digit sales growth from Kurt Geiger acquisition amid ‘meaningful headwinds’
Steve Madden anticipates that sales will increase this year by 17-19 percent, as its top line is boosted by the recently announced acquisition of Kurt Geiger. Excluding the British company, for which Steve Madden anticipates deal closing on May 1, sales are seen rising by a low-single-digit percentage. “We are ...
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News briefs
Oofos names industry veteran Angel Martinez to its board
Oofos, a US brand of recovery footwear, said that it has appointed Angel Martinez to its board of directors. Martinez is the former Executive Vice President and Chief Marketing Officer of the Reebok portfolio of brands. As one of the Reebok Corporation’s founding employees, he was named President and ...
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News briefs
Giuseppe Zanotti takes full control of his brand
Giuseppe Zanotti has bought back a 30 percent stake in his namesake brand from the investment fund L Catterton. The fund bought the stake in 2014, when it was called L Capital Management. No financial details were released. In statement, Giuseppe Zanotti thanked L Catterton for its support and collaboration ...
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News briefs
German consumer confidence declines
In March, the German consumer climate is expected to fall by 2.1 points to -24.7 points compared to the previous month, according to a preliminary estimate by the GfK Consumer Climate powered by NIM, which is published jointly by GfK and the Nuremberg Institute for Market Decisions (NIM). The February ...
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ArticleRocky Brands cautiously optimistic after better-than-expected Q4
Rocky Brands is cautiously optimistic about the prospects for 2025 after posting better-than-expected sales in the fourth quarter of 2024 and seeing continued momentum at the start of 2025. Sales in the fourth quarter ended Dec. 31 increased by 1.7 percent to $128.1 million versus the year earlier, with growth ...
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ArticleMicam’s attendance remains above 40,000
The trade shows Micam Milano, Milano Fashion&Jewels, Mipel and The One Milano attracted 40,449 visitors, 55 percent of whom came from Italy and the remaining 45 percent from 127 countries, including Japan, China, France, Spain, Germany, Greece and Turkey. The attendance was roughly in line with the previous edition. In ...
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ArticleItalian footwear manufacturers’ revenues drop by 9.4% in 2024
In 2024, revenues of Italian manufacturers totaled €13.2 billion, down by 9.4 percent compared to the year earlier, according to a survey carried out in January by Confindustria Accessori Moda among members of the Italian footwear association Assocalzaturifici. The decline is in line with a previous estimate released in January. ...
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News briefs
Dassault Systèmes takes over Contentserv
Centric Software, a subsidiary of the French information technology group Dassault Systèmes has signed an agreement to acquire Contentserv, a provider of product information management and product experience management solutions, for an enterprise value of €220 million. Centric Software provides enterprise solutions to plan, design, develop, source, price and sell ...
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ArticleGörtz announces layoffs as its insolvency crisis deepens
The German shoe retailer Görtz continues to navigate dire straits as it grapples with insolvency issues across multiple fronts. Görtz Retail GmbH announced the layoff of 93 employees, after the Federal Employment Agency rejected the retailer’s application for pre-financing of insolvency benefits, affecting approximately 400 workers. The layoffs ...
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ArticleAlpargatas books more inventory write-offs
Alpartagas, the parent company of Havaianas, took an inventory write-off of 164.3 million Brazilian reais (€27.4m) in the fourth quarter of 2024 and R$227.3 million (€37.1m) for the full year. The company had generated inventory surplus in 2021 and 2022. Alpartagas said that it following the write-off it ”is now ...
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News briefs
Spartoo liquidates is brick-and-mortar unit
Spartoo, a French fashion online retailer, is liquidating TooStores R1, a subsidiary created in 2015 to manage physical stores. The decision involves the immediate closure of 22 points of sales, including 10 owned stores, with a total workforce of 54 employees. “Our request to open judicial liquidation proceedings concerning the ...
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ArticlePortuguese footwear exports rise in volume, fall in value
The Portuguese footwear industry exported 67 million pairs of shoes worldwide in 2024, up 3.3 percent from 2023. However, in value, exports fell by 6.5 perdent to €1.702 billion, according to the Portuguese footwear association Apiccaps citing preliminary data from the country’s statistics institute, INE. Portugal exports more than 90 ...
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News briefs
Igedo presents a new trade fair concept
The German trade fair organizer Igedo has unveiled a plan to consolidate the Fashn Rooms and Shoes Düsseldorf events under a unified banner, named Twodays. This new format, set to debut in the summer of 2025, caters to the need for a leading, cohesive trade fair that brings together fashion, ...
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News briefs
Micam attracts 853 brands
Micam is hosting 853 brands at its 99th edition, running from Feb. 23 to 25, with 415 labels coming from Italy and 438 from abroad, to present their footwear collections for the 2025-2026 autumn/winter season. The event is being held at the Fieramilano Rho exhibition center at the outskirts of ...
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News briefs
Shoedesign and Phenumb Copenhagen expand into DACH region
The Danish shoe brands Shoedesign Copenhagen and Phenumb Copenhagen are expanding into the DACH region, which comprises Germany, Austria and Switzerland, in collaboration with three sales agencies. The Berlin-based agency Seasons will oversee sales in Northern Germany, the Zurich-based agency Luca Aprile will be responsible for the Swiss market, and ...
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News briefs
French footwear sales up by 0.6% in January
In January, French footwear retail sales rose by a seasonally and working-day adjusted 0.6 percent month-on-month, according to the Bank of France. Overall, French retail sales grew by a seasonally and working-day adjusted 0.1 percent month-on-month, after falling 0.6 percent in December. Sales volumes of manufactured goods were up by ...
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News briefs
Phoenix Kothari Footwear increases investment in India’s Tamil Nadu state
Phoenix Kothari Footwear, a joint venture between Chennai-based Kothari Industrial Corporation and Taiwan’s Evervan Group, will invest 5,000 crore rupee (€552m) to set up factories to produce non-leather footwear in Eraiyur and Karur in the southern state of Tamil Nadu, the Indian publication The Hindu BusinessLine reported. In the Indian ...
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News briefs
Alibaba’s quarterly revenues rise by 8%
Alibaba generated revenues of 280.154 billion yuan renminbi (€36.93bn) in its third quarter ended Dec. 31, up by 8 percent compared to the year earlier and above a FactSet analyst consensus of RMB 279.03 billion. Adjusted Ebita increased by 4 percent to RMB 54.853 billion (€7.22bn), mainly due to ...
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News briefs
Prada reportedly in exclusive talks to buy Versace
Prada Group has set a four-week period of exclusive talks to reach an agreement to buy Versace from Capri Holdings, according to the Italian daily Il Sole 24 Ore. The Italian fashion house is being advised by Goldman Sachs and Citi, according to the newspaper. Capri bought the Italian fashion ...
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ArticleGerman court rejects Birkenstock attempt to obtain copyright protection for its sandals
Birkenstock’s attempt to obtain copyright protection in Germany for its signature cork-soled sandals as “works of applied art” has failed, according to a statement released by the rival footwear company, Wortmann Group. Birkenstock filed three separate lawsuits for copyright infringement with Germany’s Federal Court of Justice (BGH), the country’s highest ...
