Product & Marketing – Page 38
-
News briefs
Caleres cuts its guidance after holiday sales disappoint
Caleres cut its sales and earnings guidance for fiscal year 2024 after reporting disappointing sales in the holiday season and into January, partially due to weather-related closures at some of its Famous Footwear stores. The US company is now expecting a 3.0 to 3.5 percent decline in full-year sales compared ...
-
ArticleBoot Barn sees growth underpinned by store openings
Boot Barn expects sales growth to continue to be underpinned by store openings, as it approaches the halfway mark of a goal to have 900 stores operating in the US in the next four or five years. Jim Watkins, the Chief Financial Officer of the US footwear retailer, explained during ...
-
News briefs
Red Dragonfly plans to produce in Uzbekistan
China’s Zhejiang Red Dragonfly Shoes plans to invest $10 million in footwear production in Uzbekistan, according to the local trade association Uzcharmsanoat. Red Dragonfly is expected to visit the country in the coming weeks to select a location for the facility. In June 2023, Uzcharmsanoat launched a project to establish ...
-
ArticleRussia shoemakers cut production as the business environment worsens
Several shoe factories have stopped or curtailed operations in Russia over the past few months as the economic environment in the country grows more challenging. For instance, the Romer shoe factory in Kaluga, with a nameplate capacity of 470,000 pairs of shoes per year, has been permanently closed. In the ...
-
ArticleBirkenstock seeks copyright protection as applied art for signature sandals
Birkenstock is seeking copyright protection for its signature cork-soled sandals as “works of applied art”. The German company, based in Linz am Rhein in the Rhineland-Palatinate region, filed three separate lawsuits for copyright infringement with Germany’s Federal Court of Justice (BGH), the country’s highest court for civil matters, against alleged ...
-
ArticleStella’s revenues slip in the fourth quarter
In the final quarter of 2024, Stella International’s revenues declined by 0.7 percent to $377.7 million from $380.3 million a year earlier. Shipment volume rose by 3.0 percent to 13.6 million pairs, but the average selling price (ASP) dipped by 3.1 percent to $27.90. In the full year, revenues increased ...
-
News briefs
Chapters Brand Group becomes CAT Footwear’s distributor in the UK
Chapters Brand Group will be the exclusive distributor of CAT Footwear in the UK. Wolverine Worldwide is the global footwear licensee for the Caterpillar brand. CAT is currently available at Tower London, Urban Outfitters and over 40 independent stores in the country. In 2023, the British footwear distribution firm 33 ...
-
News briefs
Clarks completes the sale of its UK pension liabilities
The Pension Insurance Corp. (PIC) has completed an annuity buy-in with the C.& J. Clark Pension Fund, the benefit plan of C. & J. Clark International Ltd. The buy-in will cover £540 million pounds (€644m) of plan liabilities for 8,000 members. In 2022, PIC had a already bought £280 million ...
-
ArticleEuropean footwear consumption seen anemic in 2025
Europe is expected to lag all other continents in terms of footwear consumption this year, according to a survey of experts published in the latest Business Condition Survey of World Footwear. On average, global footwear consumption, in volume, is forecast to rise by 8.4 percent in 2025 compared with 2024, ...
-
News briefs
Genesco names a Chief Human Resources Officer
Genesco named Kyle Polischuk to the newly created role of Chief Human Resources Officer. The appointment was effective Jan. 6. “Kyle’s strategic leadership and exceptional track record building dynamic organizations, developing talent, and promoting strong cultures will make a tremendous impact to Genesco. Her rich knowledge of retail and digital ...
-
ArticleNext lifts prices to cover wage, tax costs and warns of slower growth
Next is increasing prices to offset higher wage and tax costs while anticipating slower growth but still managed to lift full-year guidance again after better-than-expected December sales. Like-for-like prices will rise by 1 percent, raising £13 million (€15.7m), in response to the £73 million (€88m) in extra wage and national ...
-
News briefs
Dr. Martens’ Creative Director steps down
Dr. Martens’ Creative Director Darren Leon Mckoy is stepping down after three years in the job and a decade with the British footwear brand. “A heartfelt thank you to Dr. Martens for an incredible decade,” he wrote on LinkedIn. “Exactly 10 years to the week, I joined the brand at ...
-
News briefs
Stella McCartney launches a sneaker with Balena
The British fashion designer Stella McCartney is launching a sneaker collection in collaboration with Balena, a Tel Aviv-based circular economy startup founded in 2020. The S-Wave Sport sneaker will use Balena’s BioCir flex, a flexible, fully compostable and recyclable thermoplastic elastomer that reduces toxic, fossil fuel-based materials commonly used in ...
-
News briefs
Forty Brazilian footwear brands to attend Expo Riva Schuh
Forty Brazilian footwear brands will be attending Expo Riva Schuh & Gardabags, scheduled in the Italian town of Riva del Garda from Jan. 11 to 14, according to the Brazilian footwear association Abicalçados. Paola Pontin, a business coordinator at Abicalçados, noted that in the latest edition of Expo Riva Schuh, ...
-
ArticleItalian footwear manufacturers revenues estimated down by over 9% in 2024
In the third quarter of 2024, revenues of Italian footwear manufacturers fell by an estimated 10.9 percent year-on-year, a slight acceleration compared with the first half of the year, when turnover fell by 9.1 percent. Over the first nine months of 2024, the industry’s revenues are estimated to have fallen ...
-
News briefs
Coats names a new CFO
Coats’ Chief Financial Officer, Jackie Callaway, has agreed with the board that she will step down at the conclusion of the company’s annual general meeting (AGM) on May 21 and will assist with an orderly transition through June 30. Callaway has been with the British industrial threads and footwear component ...
-
News briefs
Vietnam GDP up over 7% in 2024
Vietnam’s GDP rose by 7.09 percent in 2024, beating the government’s expectations and driven by a 14 percent increase in exports, according to the statistics office GSO. Officials had anticipated a GDP growth of 6.5 percent. In 2023, Vietnam’s GDP rose by 5.05 percent. The government has set a GDP ...
-
News briefs
Zappos’ marketing head leaves
Joe Cano, Zappos’ Chief Marketing, Merchandising and Growth Officer, announced that he has left the US online footwear retailer to join the US home improvement retailer Lowe’s as Senior Vice President of Digital. “After an incredible journey at Zappos, where I had the privilege of working alongside an extraordinary team, ...
-
News briefs
Loro Piana wins a court case for shoe patent infringement
A court in the southern Italian city of Bari ordered MNSWR Group, a Lecce-based company that operates the menswear brand Viola Milano, to stop producing, marketing and selling footwear that allegedly infringed on Loro Piana’s copyrights for its Open Walk and Summer Walk shoes. The injunction issued on Nov. 25, ...
-
News briefs
Sabu appoints a new marketing chief
The German shoe retail cooperative Sabu has appointed a new marketing director. Albrecht Kersten took on the new role of Head of Marketing and Consumer Experience after most recently serving as Team Lead E-Commerce and Digital Marketing at the Heilbronn-based retail group. The role of Head of Marketing, previously held ...
