Product & Marketing – Page 51
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News briefs
UK clothing and footwear sales surge in August
In August, retail sales volumes for clothing and footwear rose by 2.9 percent month-on-month for clothing and footwear stores in the UK thanks to warmer weather and end-of-season sales, according to an initial estimate by the Office for National Statistics (ONS). Overall, British retail sales volumes are estimated to have ...
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Deckers carries out a six-for-one share split
Deckers Brands carried out a six-for-one share split to make the ownership of its stock more affordable and attractive to a broader group of investors. The share split was approved by shareholders on Sept. 6 and shares started trading on a post-stock split adjusted basis on Sept. 17. ...
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Cambodian footwear exports up 22% in first 8 months of 2024
Cambodia exported $9,217 million worth of garments, footwear and travel goods in the first eight months of 2024, up by 22.8 percent from a year earlier, according to the General Department of Customs and Excise. Garments and textiles exports were up by 23 percent to $6,814 million, footwear grew by ...
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ArticleNext lifts guidance again as overseas sales boost H1 profits
Next has lifted its annual profit guidance for the second time in two months to almost £1 billion (€1.2bn) thanks to a sharp jump in overseas sales in the first half of its financial year and strong trading in recent weeks. The British fashion retailer raised forecasts for full-year pre-tax ...
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ArticleSkechers faces challenging conditions in China
Skechers is facing “challenging” conditions in China and that could result in a “disappointing” performance in the country in the second half of the year. The US footwear company however declined to provide a forecast regarding its performance in China. In the first half of 2024, Skechers’ sales in China ...
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Shoes Düsseldorf moves dates forward
The German trade fair organizer Igedo has rescheduled its Shoes Düsseldorf trade fair, held at the Areal Böhler, to an earlier date. The footwear fair will now be held from Feb. 2 to 5, 2025, instead of the previously scheduled Feb. 23-25, moving it forward by four weeks compared ...
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Austrian shoe retailer Shoe4You opens four stores in Upper Austria
The Austrian shoe retailer Shoe4You is expanding its footprint in Upper Austria with the opening of four new stores in Wels, Schlüßlberg, Rohrbach and Bad Ischl. “With these new openings, we are expanding our accessibility and getting closer to our customers in Upper Austria, strengthening our market presence in ...
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News briefs
Bernd Hummel closes a shoe factory in Germany
The German footwear manufacturer Bernd Hummel, the licensee of the Kangaroos label and owner of the Flip Flop brand, will halt production at its plant in Münchweiler, near Pirmasens, by the end of the year. The entrepreneur Bernd Hummel acquired the facility in 2012 from the bankruptcy estate of ...
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Kybun Joya appoints new COO to drive expansion
The Swiss comfort shoes manufacturer Kybun Joya is bolstering its management team with the appointment of a new chief operating officer. Steffen Breitschwerdt, 45, who previously held various management roles at Strellson, Joop!, Windsor and Philipp Plein, joined the company in August. The appointment of Breitschwerdt, who brings more ...
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ArticleMicam attracts 40,950 visitors
The trade shows Micam Milano, Milano Fashion&Jewels, Mipel and The One Milano attracted 40,950 visitors, 55 percent of whom came from Italy and the remaining 45 percent from 140 countries. The largest number of visitors from European countries stemmed from Spain, Germany and France. ”The results from North America were ...
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News briefs
Demand for luxury goods to remain under pressure due to China
Consumer discretionary categories such as jewelry, beauty, apparel and footwear are expected to remain under pressure due to ongoing weakness in Chinese consumption, Deutsche Bank Research said in a note. The bank forecasts China’s retail sales to grow by 4.1 percent in 2024 and by 5.0 percent in 2025.
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News briefs
Zegna’s organic sales slip in H1
In the first half of 2024, Ermenegildo Zegna’s revenues rose by 6 percent to €960.1 million. At constant currency rates, the top line rose by 8 percent while organic revenues dropped by 2.7 percent. The gross profit margin widened to 66.4 percent from 64.2 percent a year earlier. However, ...
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ArticleGanka sells Bama brand rights for Europe to Polish company Kaps
The Polish company Kaps has secured the rights to the shoe care products and insoles brand Bama in Europe and Asia. The Canadian outdoor specialist, Ganka Group, which acquired the insolvent company’s trademark rights in June 2024, has struck a deal with the family business to transfer the Bama ...
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ArticleWourth Group buys Peter Hahn
The UK-based omnichannel retailer Wourth Group has acquired the German clothing firm Peter Hahn out of administration for an undisclosed sum. Peter Hahn is a household name in Germany, Austria, Switzerland and the Netherlands and sells mostly clothing and shoes under both its own and third-party brands. Wourth, ...
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News briefs
THG to demerge its technology business
THG is looking into the option of demerging its technology services arm, THG Ingenuity, as the British e-commerce group looks to focus on its cash generative businesses. “After extensive discussions with shareholders over the past 12 months, THG is progressing options to demerge THG Ingenuity, leaving our highly profitable and ...
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ArticleUnflock launches a crowd funding campaign for its sneaker cover
The Italian startup Unflock launched on Sept. 15 a crowdfunding campaign through the Kickstarter platform to raise €42,000 to finance the launch of a cover to protect and personalize the soles of sneakers. Inspired by the “simplicity and functionality of smartphone covers” Unflock’s sole cover aims to reduce the replacement ...
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ArticleRendez-Vous adds fruit and vegetables to its product range
Rendez-Vous, a leading Russian footwear retailer, is offering customers the opportunity to complement their online orders with fruit and vegetables produced at the company’s organic farm in Krasnodar Krai. Launched in February 2024, the project seems to be gradually paying off. Rendez-Vous set up the farm in 2020 as part ...
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News briefs
US footwear prices decline in August
In August 2024, the price of shoes declined in the US for the first time in a year, driven by women’s and children’s footwear, according to Footwear Distributors and Retailers of America (FDRA). Overall, footwear prices fell by 0.9 percent from a year earlier, with the prices of men’s shoes ...
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ArticleItalian footwear production continues to decline
In the second quarter of 2024, revenues of Italian footwear manufacturers fell by 8.0 percent year-on-year, slightly worse than previously anticipated and confirming the decline seen in the first three months of the year. In the first quarter, revenues contracted by 10.1 percent year-on-year, while production decreased by 20.5 percent. ...
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ArticleCaleres unveils cost-cutting measures, lowers guidance after falls short in Q2
Caleres said it was accelerating cost-cutting measures and cutting guidance for its full fiscal year, after missing sales and earnings guidance in the second quarter ended Aug. 3. Second-quarter sales slipped by 1.8 percent compared to the year earlier to $683.3 million, a decline that was attributed to a fall ...
