Product & Marketing – Page 37
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ArticlePrimark lowers sales forecasts as cautious consumers rein in spending
Primark has cut its sales growth target to low-single digits for fiscal 2025 after warmer autumn weather and cautious consumers worried about their finances dented UK revenues in the 16 weeks to Jan. 4. In the UK, the fast-fashion retailer’s sales declined by 4 percent during the period and 6.4 ...
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Skechers opens its first Skechers Performance store
Skechers opened its first Skechers Performance store in the world at the West Edmonton Mall in Canada. The more than 7,500-square-foot store is “an experiential retail space, complete with half-courts and the brand’s extensive offering including its renowned basketball, running, golf, soccer and pickleball technologies,” the US brand explained. The ...
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Munro closes down
Munro & Company, Inc, a US footwear company based in Hot Springs, Arkansas, announced that it is closing down. “With heavy hearts, we are sad to announce that after 52 years of designing, developing and manufacturing high quality size and width footwear, Munro will cease operations in early 2025,” the ...
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French footwear imports and exports down 1%
In the first 11 months of 2024, French imports of footwear fell by 1 percent year-on-year to €7,436.0 million, while exports declined by the same percentage to €5,017.8 million, according to data released by Alliance France Cuir, which represents 21 trade associations of the French leather supply chain from breeding ...
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ArticleKizik enters distribution agreements in South Korea, France, Gulf countries and Spain
Kizik has entered distribution agreements in South Korea, France, the Gulf countries and Spain as the US brand specializing in slip-on shoes continues to expand abroad. In South Korea, Kizik partnered with Platform Inc., a distributor with over 20 years of expertise in introducing brands like Saint James, Fred Perry ...
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ArticleShoe Zone FY profits plunge on weak second half
A tough second half has hit annual results at Shoe Zone with unseasonal summer weather, poor store sales, declining consumer confidence and higher costs denting the bottom line of the British retailer. Pre-tax profit in the year to Sept. 28 plunged 38 percent to £16.2 million (€19.2m) after sales fell ...
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OrthoLite appoints Bo Grabowski as Country Manager for Indonesia
OrthoLite, a global leader in high-performance comfort footwear solutions, has announced the appointment of Bo Grabowski as Country Manager for OrthoLite Indonesia (OID). Grabowski will oversee all operations at OID, including manufacturing, business development and strategic partnerships with brands and Tier 1 factory partners. “Bo’s expertise and leadership will be ...
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ArticleSneakersnstuff files for bankruptcy
For the first decade of the millennium, it was the hip Södermalm neighborhood in central Stockholm where the sneaker world turned its attention when it came to product releases for limited-edition shoes. Outside the store of Swedish sneaker retailer Sneakersnstuff, or SNS as the industry, colleagues and sneaker fans all ...
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Birkenstock names a new CFO
Birkenstock Holding has appointed Ivica Krolo as Chief Financial Officer of the group, effective Feb. 1, 2025. He will succeed Erik Massmann, who will step down from his duties as of Jan. 31. Krolo joins Birkenstock from EMH Partners, an investment firm that focuses on owner-managed technology companies, where he ...
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French footwear sales down by 2.7% in December
In December, French footwear retail sales fell by a seasonally and working-day adjusted 2.7 percent month-on-month, according to the Bank of France. Overall, French retail sales were down 0.6 percent month-on-month after a decrease of 0.1 percent in November. Manufactured goods sales were down by 1.0 percent, after remaining stable ...
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ArticleExpo Riva Schuh attracts about 9,000 visitors
Expo Riva Schuh & Gardabags, the Italian trade show specializing in footwear, bags and accessories whose 102nd edition was held from Jan. 11 to 14, 2025 in Riva del Garda, hosted 1,100 exhibitors and brands from 36 countries and attracted about 9,000 visitors, in line with the January 2024 edition. ...
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ArticleBrazilian shoemakers hope Trump will help boost their sales to the US
As Donald Trump is sworn in as the 47th President of the US on Jan. 20, Brazilian shoemakers hope to benefit from a possible reduction in shipments of Chinese footwear to the world’s largest market in value in the wake of higher import duties. During his electoral campaign, Trump, who ...
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Mustang transfers shoe license to Supremo
The German denim brand Mustang inked a licensing deal with the German shoe company Supremo for the distribution of Mustang’s footwear, after more than 20 years of collaboration with the shoe supplier Tendenza and its distribution partner 2Go. As of July 1, Supremo will take over responsibility as the ...
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Görtz to vacate two stores in Hamburg due to rent arrears
The troubled Hamburg-based shoe retailer Görtz has to vacate two of its stores in Hamburg after it failed to pay rent, the Hamburg District Court ruled. The stores affected are located in the City Center Bergedorf and Alstertal shopping centers. Görtz Retail GmbH owes its landlords a combined total of ...
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Baur closes logistics hub in Upper Franconia
The logistics company BFS Baur Fulfillment Solutions is closing its logistics facility in Weismain, in the Upper Franconia area of Bavaria, as one of its most important customers, s.Oliver, terminates its collaboration with BFS in April 2025. According to Baur, efforts to find an economically viable and sustainable alternative solution ...
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2Go Shoe Company acquires the Lerros shoe license
2Go Shoe Company, the German shoe manufacturer based in Westerheim near Ulm, has entered a partnership with the Düsseldorf-based menswear retailer Lerros and is taking over the license for the production and distribution of Lerros-branded shoes. With the agreement with 2Go, Lerros is expanding its portfolio to include shoes and ...
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ArticleAsos to mothball US distribution center at cost of £190m
Asos is mothballing its Atlanta distribution center at a cost of £190 million (€226m). The British online fashion retailer said that the bulk of US orders will now be managed by its UK fulfillment center in Barnsley from the second half of the 2025 fiscal year, supported by a “smaller, ...
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Legero United expands its top management team
The Austrian shoe manufacturer Legero United, owner of the Superfit, Legero and Think! brands, is expanding its executive board. As the group prepares for a generational turnover in its management, Florian Fuchs, the nephew of the owner, Stefan Stolitzka, took over responsibility for sales, marketing, human resources and finance as ...
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ArticleGenesco sees next wave of Journeys growth fueled by store remodels
Genesco expects store remodels underway at Journeys since October will fuel the next wave of growth at the division, where comparable sales jumped by 14 percent in the first eight weeks of the fourth quarter of its 2025 fiscal year. Mimi Vaughn, CEO, told the ICR Conference on Jan. 13 ...
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ArticleXtratuf focuses on lifestyle and outdoor markets
Xtratuf is shifting its focus to lifestyle and outdoor markets. The US brand, initially popular among commercial fishermen, now has a diversified customer base. Half of customers are male adults, while women and children make up the other 50 percent – a significant change from the 70 to 75 percent ...
