Product & Marketing – Page 4
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ArticleLudwig Görtz dies at 89
Ludwig Görtz, the former boss and owner of the footwear retailer Görtz, died on Easter Sunday at the age of 89, according to media reports. The Hamburg native joined his family’s business in 1960, at the age of 26, and took over the management of the company from his ...
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News briefs
Euratex announces initiative to promote upskilling in the textiles, clothing, leather and footwear industry
The European Apparel and Textile Confederation (Euratex) is launching a new project to promote upskilling and reskilling in the textiles, clothing, leather and footwear (TCLF) industry. The new “TCLF Skillbridge” initiative, supported by the European Commission’s department for growth (DG GROW), will focus on establishing regional skills partnerships. In the ...
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ArticleHyosung to build a bio-BDO factory in Vietnam as part of a $1bn investment plan
Hyosung TNC plans to build a bio-butanediol (BDO) factory in Vietnam with an annual production capacity of 50,000 tons. The project is part of a $1 billion investment program to reach an annual output of 200,000 tons of bio-BDO. On March 30, Hyosung TNC received approval for the “Hyosung BDO ...
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ArticleKeen introduces a hiking shoe with a lifetime guarantee regarding delamination
Keen introduced the Targhee IV, which it claims is the first shoe in the industry to have a delamination-free lifetime guarantee. Targhee IV is “a boot made to be the last hiking shoe you buy,” the US brand said in a statement. Delamination is when the glue used to adhere ...
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ArticleHow Fibbl aims to reduce returns, increase conversion rates with 3D models, AR technology
The Stockholm-based startup Fibbl states that its photorealistic 3D models and augmented reality technology for e-commerce can help footwear brands using its services tackle problems with high returns while also increasing conversion rates. Founded in 2021 by Henrik Arlestig and Johan Bertilsson, two childhood friends with over a decade of ...
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News briefs
Taft launches a women’s collection
The New York-based men’s footwear brand Taft has launched its first women’s collection called Taft for Her. “Expanding Taft into a women’s collection has always been something on our radar,” said Jordan Hancock, the company’s director of design and development, in a statement. “For years there have been numerous ...
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News briefs
Kuru Footwer releases its 2024 Foot Pain Trends Report
Kuru Footwear has issued its 2024 Foot Pain Trends Report which examines the latest findings surrounding foot pain in America. The Salt Lake City footwear company carried out a survey of over 3,000 American adults that showed that eight in 10 Americans experience foot pain, with nearly half of those ...
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ArticleC-Suite interview: Palmroth plans to double its sales in three years
Palmroth is a family-owned footwear company based in Tampere, Finland, whose history dates back to 1928. Largely centered on winter shoes, the brand aims to double its sales volumes within the next three years. Run by Mikko Palmroth, who represents the third generation at the helm, the company sells annually ...
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ArticleTamaris plans to expand its Russian store network
By the end of 2024, Wortmann plans to add 15 doors to its existing network of 60 Tamaris stores in Russia and take several other steps to gain a better foothold in the country. Friedrich Naumann, CEO of Wortmann Vostok, said that the brand intends to open new stores ...
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News briefs
Vietnam’s February footwear exports down 40.3% vs January
Vietnam’s footwear exports totaled $1.17 billion in February, down by 40.3 percent compared with January. In the first two months of the year, the country’s footwear exports reached $3.1 billion, according to the General Statistics Office. In the two-month period, exports to the US rose by 25 percent year-over-year to ...
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ArticleZegna expects negative organic growth in Q1
Ermenegildo Zegna more than doubled its bottom line in 2023 but warned that organic growth will be negative in the first quarter of 2024. Last, the Italian fashion house posted a net profit of €135.7 million in 2023, up by 107.8 percent compared to the year earlier. Adjusted Ebit grew ...
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ArticleGerman fashion manufacturing back to pre-pandemic levels, but outlook remains cautious
German clothing manufacturers swung back to pre-Covid-19 levels as they posted a double-digit sales increase in 2023, up by 10.8 percent to €6.8 billion, according to official figures from the country’s statistics office Destatis. When considering companies with more than 50 employees, the number of workers in the industry ...
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ArticleDr. Martens urged to undergo a strategic review
Marathon Partners Equity Management is urging Dr. Martens to undergo a strategic review, including a potential sale of the company, to maximize shareholder value. The share price of the British bootmaker is down sharply since it was floated on the London Stock Exchange in January 2021. On April 4, Dr. ...
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ArticleVF expands its partnership with GMG
VF Corp. is expanding its partnership with the retail conglomerate GMG in order to grow in the Middle East and North Africa (MENA) and South East Asia (SEA) regions. The US group, whose portfolio includes the brands Vans, The North Face and Timberland, has been collaborating with the Dubai-based retail ...
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News briefs
Decathlon’s sales rise slightly in 2023
Decathlon increased sales by 1.15 percent in 2023 to €15.6 billion, adjusted for unfavourable exchange rates and the impact of the closure of its commercial activities in Russia. At constant exchange rates, the top line rose by 4.4 percent, according to the French sporting goods retailer. The net profit rose ...
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ArticleLevi’s to exit the footwear business
Levi Strauss & Co, which is known for its Levi’s brand, has decided to wind down its footwear business as it streamlines its organization to bolster efficiency and profitability thanks to the Project Fuel initiative launched in January. “And after a strategic review of our categories, we have taken the ...
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News briefs
Kering to buy a building in Milan for €1.3bn
Kering has acquired a historic building in Milan for about €1.3 billion from a subsidiary of Blackstone Property Partners Europe. Located via Monte Napoleone 8, on the “most prominent corner of the city’s Quadrilatero della Moda”, the 18th century building comprises five floors, totaling a gross area of 11,800 square ...
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News briefs
ANWR Schuh’s managing director steps down
Yvonne Breinlinger-Scheuring, the co-managing director of ANWR Schuh, the footwear business of the German buying group ANWR, stepped down at her own request on March 31. She had been in the role since Oct.1, 2023. Breinlinger-Scheuring previously worked for the shoe manufacturer Solidus for 12 years, including seven years ...
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ArticleVenezuelan shoemakers rely on government intervention to regain market share
Faced with a difficult domestic economic environment, tough competition from neighboring countries and China as well as illegal imports, Venezuelan footwear manufacturers are relying on government help to relaunch a flagging industry. With one billion pairs of shoes produced annually, Latin America accounts for 4.8 percent of world footwear production, ...
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ArticleKidpik and Nina Footwear are merging
Kidpik, a kids’ online clothing subscription-based company listed on the Nasdaq stock exchange in New York, and Nina Footwear, a private company operating a brand specializing in women’s and kids’ dress shoes, have agreed to combine. Under the deal, Kidpik will take over Nina Footwear through a reverse merger. Nina ...
