Product & Marketing – Page 36
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ArticleFerragamo’s CEO steps down
Marco Gobbetti is stepping down as the Chief Executive Officer and General Manager of Salvatore Ferragamo, three years after joining the Italian fashion house from Burberry. Ferragamo said that Gobbetti’s departure would be effective on the date of the approval of the company’s 2024 results on March 6. The Chairman, ...
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ArticleBoot Barn raises guidance as it starts Q4 strongly, prepares to protect margins as tariffs loom
Boot Barn raised its guidance for the fiscal year ending in March 2025 after starting out the fourth quarter strongly. Management also indicated the company was prepared to take actions to protect margins in the face of tariffs on imports from Mexico and China, including passing a portion of the ...
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News briefs
Berkemann hires a new Sales Manager
The German comfort shoe manufacturer Berkemann Group has appointed Mario Leko as the new Sales Manager, a position that was previously vacant and had temporarily been taken over by the Brand Manager Michael Zoller. With the new appointment, Leko returns to Berkemann after an absence of more than ten years. ...
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News briefs
Pirmasens testing and research institute PFI Managing Director leaves
The long-standing Managing Director of the Pirmasens-based testing and research institute PFI (Prüf- und Forschungsinstitut Pirmasens), Kerstin Schulte, has stepped down with immediate effect. The 56-year-old had held the role since February 2013 and played a key role in shaping PFI’s activities. According to PFI’s Chairman, Michael Tackenberg, ...
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News briefs
The Platform Group’s GMV rises 28% in 2024
The German e-commerce company The Platform Group (TPG), the owner of online footwear retailer Schuhe24 and other e-commerce platforms, said that it has exceeded its own forecast for 2024, driven by strong organic growth in the second half of the year, an increase in the number of partners, growth in ...
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News briefs
Cambodia’s footwear exports up 23% in 2024
In 2024, Cambodia’s footwear exports rose by 23 percent to $1.68 billion, according to the Ministry of Commerce. Exports of garments, footwear and travel goods also grew by 23 percent to $13.92 billion. Garment exports increased by 24 percent to $9.79 billion and travel goods exports surged by 19.6 percent ...
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News briefs
Global footwear market expected to grow 4.2% a year to 2029
The global footwear market is expected to grow by a compound annual growth rate of 4.2 percent between 2025 and 2029, according to the research institute Technavio. Over the period, the size of the market is expected to increase by $103.6 billion, with the Asia-Pacific region contributing to 47 percent ...
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ArticleFerragamo posts “encouraging” DTC sales in Q4
In the fourth quarter of 2024, Salvatore Ferragamo posted overall revenues of €291 million, down by a reported 6.7 percent and by 4.0 percent at constant exchange rates, partly due to a decline in the hedging cash flow to €0.2 million from €4.0 million a year earlier. Net sales in ...
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News briefs
OrthoLite India appoints a Commercial Director
The US-based insole specialist OrthoLite has appointed Pankaj Kumar as Commercial Director for OrthoLite India (OIN). In this role, Kumar will oversee commercial operations, enhance partnerships with global brand manufacturers in India and drive the company’s growth in the region. With over 27 years of experience, Kumar has an extensive ...
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ArticleDeckers sees headwinds in Q4 after ‘superb’ Q3, winding down Koolaburra
Deckers Outdoor warned of headwinds in the fourth quarter of its financial year, after posting record earnings and sales in what management described as a “superb” third quarter. Sales in the third quarter ended Dec. 31 grew by 17.1 percent compared to the year earlier to $1.827 billion, with 16.6 ...
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ArticleH&M’s Q4 sales up 3% in local currencies
H&M Hennes & Mauritz’s net sales in the fourth quarter, ended Nov. 30, amounted to SEK 62.193 billion (€5.42bn), down from SEK 62.650 billion a year earlier. In local currencies, net sales increased by 3 percent. RBC Capital Markets’ analyst Richard Chamberlain pointed out that the fourth-quarter sales growth was ...
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ArticleVF Corp. transition for Vans’ business moving forward
VF Corp. will reveal more about its strategy for Vans at an investor day on March 6. In detailing third-quarter results, President and CEO Bracken Darrell said the company is continuing to expand into different forms of demand creation and action sports.
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News briefs
LVMH’s sales improve in Q4
LVMH’s fashion and leather goods division posted revenues of €41.060 billion in 2024, down by a reported 3 percent year-over-year and down by 1 percent organically. In the sole third quarter, organic sales dropped by 1 percent compared with a 5 percent decline in the third quarter. Profit from recurring ...
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News briefs
German GDP forecast up 0.3% this year
The German government has cut its GDP growth forecast for the country. It now expects GDP to grow by 0.3 percent in 2025 compared with a previous estimate of 1.1 percent. The German economy is a “situation of stagnation” since 2018, according to the Economy Minister Robert Habeck. In the ...
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ArticleAlibaba co-founder buys 12% stake in Golden Goose
Blue Pool Capital, a Hong Kong-based investment firm and family office founded by Joe Tsai, the co-founder and Chairman of Alibaba Group, has bought a 12 percent stake in Golden Goose. Oliver Weisberg, Blue Pool Capital’s Chief Executive Officer, will join Golden Goose’s board of directors. Funds advised by Permira, ...
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ArticleDr. Martens’ US sales ‘on track’ for recovery despite weak Q3
Third-quarter sales at Dr. Martens staged a partial recovery, with the troubled US division “on track” for a return to positive growth as the British bootmaker held annual guidance despite deep discounting in Europe. Group revenues still fell 3 percent on a reported basis in the third quarter ended Dec. ...
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News briefsSuperga celebrates the 100th birthday of its iconic canvas shoe
Superga is launching the 2750 Made in Italy, a new chapter to celebrate the history of its iconic 2750 canvas shoe. The brand, which has been part of the BasicNet portfolio since 2007, presented the limited edition at Pitti Uomo 107 in Florence earlier this month. The design of the ...
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News briefs
Zegna’s full-year revenues rise slightly
Ermenegildo Zegna’s 2024 revenues rose by 2.2 percent to €1.946 billion. Organic growth stood at 1.9 percent. Fourth-quarter revenues grew by 3.3 percent to €589 million, with organic growth of 2.9 percent. In the full year, sales in Europe, the Middle East and Africa (EMEA) rose by €680.3 million, with ...
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ArticleGörtz faces insolvency again
One and a half years after the end of its insolvency proceedings, the troubled Hamburg-based shoe retailer Görtz is once again facing bankruptcy. On Jan. 20, the Hamburg District Court appointed the lawyer Gideon Böhm of the law firm Münzel & Böhm as provisional insolvency administrator, after four creditors filed ...
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News briefs
ANWR Schuh’s Managing Director Helmut Wies retires
ANWR Schuh’s Managing Director, Helmut Wies, has stepped down, as previously announced, after four years at the helm of the footwear business of ANWR and 17 years with the German buying group. His successors, Astrid Heinze and Patrick Gottesleben, joined the company on Sept. 1 and worked initially alongside Wies ...
