Product & Marketing – Page 43
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News briefs
P448 hires Rocco Bennici as CFO, COO
P448 has hired Rocco Bennici for the newly created job of Chief Financial and Operating Officer. He will report to Wayne Kulkin, the Executive Chairman of StreetTrend LLC, the parent company of the Italian sneaker brand. Bennici will lead the finance, treasury, IT and logistics divisions as well as P448’s ...
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ArticleShoe Carnival accelerates store rebranding as hurricanes, warm weather hurt Q3 sales
Shoe Carnival is accelerating with plans to rebrand some of its Shoe Carnival stores into the higher-priced Shoe Station banner, after the success of an initial 10 stores that have made the switch. The company said it is expanding its store rebranding strategy to an additional 25 stores in the ...
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News briefs
Stuart Weitzman picks Mark Consuelos as ambassador for men’s collection
Stuart Weitzman has chosen the actor, producer and talk show host Mark Consuelos as the first global ambassador for its men’s collection, which was launched earlier this year. ”As the brand is known for celebrating bold, confident women since its founding in 1986, this campaign is concepted to define the ...
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ArticleC-Suite interview: Floredeasoka targets the US bridal market
Floredeasoka, a fast growing Spanish startup that produces bridal shoes, is considering raising funds to finance its internationalization with a focus on the US market. Flordeasoka was created in 2018 by Tita Guerrero and two of her four daughters, Elena and Inés Bonet, and currently produces 20,000 pairs of shoes ...
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News briefs
Protective Industrial Products buys Honeywell’s PPE business
Protective Industrial Products (PIP) has entered into a definitive agreement to acquire the personal protective equipment (PPE) business of Honeywell along with its brands, which include Fendall, Fibre-Metal, Howard Leight, KCL, Miller, Morning Pride, North, Oliver, Salisbury and UVEX, for $1.325 billion. “PIP is dedicated to serving as a trusted ...
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ArticleBoohoo appoints a new chairman
Boohoo’s Co-Founder Mahmud Kamani has been shifted from his role as Chairman to become Executive Vice Chair, with a board member, Tim Morris, appointed as independent Chairman amid ongoing calls from Frasers Group, a major shareholder in the British online fast fashion retailer, to have Kamani removed completely. In his ...
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News briefs
Birkenstock opens its seventh store in the US
Birkenstock opened its seventh company-owned retail store in the US. Located on Newbury Street, Boston, the store offers an extensive range of products for women, men and kids including sandals, clogs, sneakers, shoes, boots and socks. Additionally, the location features Birkenstock’s new Care Essentials collection, marking an expansion into foot ...
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ArticleGolden Goose’s adjusted Ebit rises 8%
In the first nine months of 2024, Golden Goose’s adjusted Ebitda rose by 11 percent to €163 million, resulting in an Ebitda margin of 35.0 percent against 34.9 percent a year earlier. Meanwhile, adjusted Ebit was up by 8 percent to €118.5 million. The premium Italian sneaker brand reiterated that ...
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News briefs
Milan tops the global ranking of most expensive shopping destinations
Milan’s via Montenapoleone topped the ranking of the world’s most expensive retail destinations in 2024, according to Cushman & Wakefield’s 34th edition of the Main Streets Across the World report. It is the first time a European city tops the ranking, which comprises 138 retail locations worldwide. Montenapoleone is followed ...
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News briefs
Cinq à Sept launches its first footwear collection
The New York-based ready-to-wear brand Cinq à Sept launched its first-ever footwear collection on Nov. 21. The collection is designed in New York and made in Brazil. It is available online at cinqasept.nyc, in-store at the Cinq à Sept New York City boutique and with premiere retailers worldwide. Cinq à ...
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ArticleFast growth in footwear operations helps drive sales at Coats
Coats expects full-year results to be in line with expectations and forecasts an operating margin of around 18 percent, driven by strong sales growth in its footwear and apparel operations. Sales growth for the British group, which produces industrial threads and components for footwear, improved to 11 percent at constant ...
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ArticleRussia’s footwear imports are declining
During the first nine months of 2024, Russia imported 261.6 million pairs of shoes, 11.2 percent less than the previous year, according to the Russian Center for Prospective Technologies, a government agency monitoring the retail industry. In the third quarter of 2024, the agency stated that imports were 9.7 percent ...
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News briefs
Humanic to open a flagship store in Vienna
The Austrian footwear chain Humanic continues to expand its retail network with a new flagship store in Vienna, at Kärntner Straße 5, right next to Stephansplatz, one of the most sought-after retail locations in the city. The store is scheduled to open in the spring of 2025 and will ...
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News briefs
Leguano opens new stores
The German barefoot footwear specialist Leguano is revamping its retail network with the opening of new stores in Paderborn, in the North Rhine-Westphalia region of Germany, and in Kleve, in the Lower Rhine region. The outlet in Paderborn, which replaces the former barefoot store at Husener Straße 121, will ...
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ArticleAndreas Wortmann becomes AstorMueller's CEO
The Swiss shoe manufacturer AstorMueller has appointed Andreas Wortmann as its new Chief Executive Officer. He takes the job over from the company’s owner, Tim T. Müller, who will continue to “guide” the company as Chairman. Wortmann joins the company from Ara AG, where he served as CEO from 2018 ...
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News briefs
Baak hires a Head of Sales & Marketing
Baak, the German manufacturer of safety shoes, has appointed Johannes Ernst to the newly created position of Head of Sales & Marketing to consolidate and strengthen its sales and marketing activities. In this role, Ernst will report directly to the management team, led jointly by Christian and Ingo Grusa ...
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News briefs
US tariffs seen having limited impact on Spanish economy
The possible introduction of trade tariffs by the US is expected to have a limited impact on the Spanish economy, according to Gonzalo Gortazar, the CEO of the Spanish bank CaixaBank. He noted that only 5 percent of Spanish exports go to the US. Meanwhile, exports contribute about 40 percent ...
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News briefs
Kizik hires a head of design
Kizik, a US brand specializing in slip-on shoes, has hired Andreas Harlow as Senior Vice President of Design. Harlow has spent two decades with Nike, where he most recently served as Vice President Global Footwear Creative Director for Jordan Brand, “creatively fueling the brand’s phenomenal growth for the last 3 ...
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ArticleCEC and Abicalçados call for a swift conclusion of EU-Mercosur free trade talks
CEC, the European footwear confederation, and Abicalçados, which represents Brazilian shoemakers, are among the 78 business associations representing a diverse array of industries from the European Union (EU) and Mercosur asking their governments to rapidly conclude negotiations for a free trade agreement between the two economic blocks. Mercosur was established ...
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ArticleAzzas 2154 sees modest growth in footwear sales in Q3
Azzas 2154, the Brazilian company formed earlier this year from the merger of Arezzo & Co and the apparel company Grupo Soma, reported modest growth in its footwear and accessories business in the third quarter of 2024, as solid growth in its direct-to-consumer (DTC) business was largely offset by lower ...
