Product & Marketing – Page 52
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News briefs
US to plug trade loophole on low-value China shipments
The US government said it was taking steps to protect “American consumers, workers and businesses” from the “overuse and abuse” of a trade law that allows low-value shipments to come into the US without paying import duties and taxes. The so-called “de minimis” loophole allows shipments worth less than $800 ...
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ArticleSkechers sues Rockport for alleged patent infringement
Skechers filed a lawsuit on Sept. 4 in the Southern District of New York, accusing Rockport, its parent company, Authentic Brands Group (ABG), and its licensee, Marc Fisher Footwear, of selling shoes that allegedly infringe on its slip-in technology. “Rockport shoes infringe Skechers’ utility patent claims protecting innovations associated with ...
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News briefs
China to gradually increase the retirement age
China’s lawmakers have approved a proposal to gradually increase the retirement age, the news agency Xinhua reported. The legal retirement age will be increased from 60 to 63 years for men and to 55 from 50, or from 55 to 58 based on one’s employment, for women. The increase of ...
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ArticleDesigner Brands cuts guidance as dress, seasonal footwear suffer
Designer Brands said it was cutting its sales and earnings guidance for the full year after posting worse-than-expected results in its second quarter ended Aug. 3, as the outperformance of its growing athleisure offering was not enough to offset difficulties with dress and seasonal footwear. The company, which owns the ...
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ArticleMicam attracts over 900 brands
Micam will host 932 brands at its forthcoming edition, scheduled from Sept 15 to 17, with 475 labels coming from Italy and 457 from abroad, mainly Spain, Turkey, Brazil, Portugal, and Germany to present their footwear collections for the 2025 spring/summer season. The exhibition, which will be held at the ...
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News briefs
German shoe chain Gero Mure files for bankruptcy
The German shoe chain Gero Mure has filed for bankruptcy as rising costs, online competition and the lingering effects of the Covid-19 pandemic put a strain on footwear retail. Around 40 employees across six stores – two in Mannheim’s Planken shopping street, two in Baden-Baden, and one each in ...
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News briefs
Boohoo to supply US clients from the UK
Boohoo will cease supplying US customers from its distribution center in Pennsylvania and will fulfill all orders from its automated distribution center in Sheffield, England. “This move follows a recent trial of increasing the product range offered to US consumers by also fulfilling from the UK, which has led to ...
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ArticleInditex’s H1 sales growth outpaces costs
In the first half ended July 31, Inditex posted sales of €18.1 billion, up by a reported 7.2 percent and by 10.2 percent at constant exchange rates, with store openings in 34 markets bringing the group to a total of 5,667 stores. The top line outpaced operating expenses, which increased ...
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News briefs
Tapestry reportedly plans to sell Stuart Weitzman
Tapestry is close to selling Stuart Weitzman, according to various media reports. Giorgio Sarné, the CEO of the footwear brand, is set to leave his position but will remain in his job until October, according to Footwear News citing Tapestry. Along with Stuart Weitzman, Tapestry owns Coach and Kate Spade ...
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News briefs
JD Sports shuts down large distribution hub in Derby
JD Sports Fashion has decided to shut down its warehouse on Derby Commercial Park, East Midlands, BBC News reported. The closure will result in the loss of nearly 200 jobs. The retailer had signed a 20-year lease on the 47,700 square meter facility just three years ago.
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ArticleMoscow continues to drive the Russian fashion market
Moscow and St. Peterburg remain the key drivers of the Russian fashion market, local officials indicated. Over the past three years, Moscow saw a 46 percent surge in the turnover of stores selling clothes and shoes, Natalia Sergunina, Moscow’s Deputy Mayor, recently revealed. Moscow’s fashion industry currently comprises 12,800 firms, ...
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ArticleGenesco maintains earnings guidance despite better-than-expected Q2 performance
Genesco said it was maintaining its earnings guidance for its 2025 fiscal year, even though its top and bottom line performance exceeded expectations in the second quarter as it continued to make progress with the turnaround of its Journeys division. Management still anticipates adjusted earnings per share (EPS) of $0.60 ...
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ArticleAssocalzaturifici names a new General Manager
Assocalzaturifici, the Italian association of shoemakers, has appointed Giorgio Possagno as General Manager. The position had been vacant since the departure of Tommaso Cancellara on April 5, 2022. Source: Assocalzaturifici Giorgio Possagno Aged 53, Possagno started his career with the tyre maker Pirelli, where he worked at ...
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ArticleGolden Goose H1 sales up by 12% driven by DTC
At constant exchange rates, Golden Goose posted a 12 percent year-on-year increase in first-half net revenues to €307 million driven by its direct-to-consumer (DTC) business. DTC net revenues grew 18 percent to €226.8 million, accounting for 73 percent of the top line, compared with 70 percent a year earlier, thanks ...
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News briefs
Scarpa mourns the loss of Filippo Zanin and Francesco Favilli
Filippo Zanin and Francesco Favilli, a marketing specialist and a brand manager of the mountain category at Scarpa, passed away on Sept. 3 while climbing the south face of the Marmolada in the Italian Dolomites. Zanin, 36, and Favilli, 44, were expert mountaineers and rock climbers, both well-known in ...
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News briefs
Gucci may return to growth in H2 of 2025
Gucci is likely to be stuck in its turnaround for a while due to a tough luxury-demand environment and the time it will take for new products to ramp up, according to the broker RBC Capital Markets. Gucci is not expected to return to revenue growth until the second half ...
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News briefs
Givenchy names Sarah Burton as Creative Director
The French fashion house Givenchy, which is owned by the French luxury goods conglomerate LVMH, announced the appointment of Sarah Burton as Creative Director, with immediate effect. Burton will be responsible for the creative direction of all of the women’s and men’s collections. She will present her first collection in ...
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ArticleAgra’s footwear cluster produces 45 tonnes of waste daily
The Indian city of Agra generates 45 tonnes of footwear waste every day, according to the New Delhi-based Centre for Science and Environment (CSE) which has put forward a string of recommendations to improve waste management especially among informal shoe manufacturers. Agra is home to the Taj Mahal, and as ...
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ArticleShoe Carnival converts some stores to the Shoe Station banner
Shoe Carnival’s management said it is switching some of its Shoe Carnival stores to the Shoe Station banner, which caters to a higher price target and was one of the drivers of its better-than-expected financial results in the second quarter of its 2024 fiscal year. As part of a testing ...
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News briefs
Allbirds carries out a 1-for-20 reverse stock split
Allbirds proceeded with a 1-for-20 reverse stock split for its Class A common stock and Class B common stock. The reverse stock split was carried out to bring the Californian footwear company into compliance with the minimum bid price requirement for continued listing on the Nasdaq Global Select Market. Allbirds’ ...
