Product & Marketing – Page 54
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ArticleKizik signs distribution agreements for Taiwan, Italy, Southeast Asia
Kizik has entered distribution agreements in Taiwan, Italy and Southeast Asia as the US brand specializing in slip-on shoes continues to expand abroad. The agreements were signed with Wellforce Sports in Taiwan, Artcrafts International in Italy, and Nyne Ventures to cover Singapore, Malaysia, Philippines, Thailand, Indonesia and Vietnam. In April ...
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ArticleBirkenstock posts record sales but disappoints the stock market
In the third quarter ended on June 30, Birkenstock reported record revenues of €564.8 million, up by 19 percent year-over-year at current and constant currency rates, thanks to “strong consumer demand supported by new production capacity and category expansion.” Nevertheless, the company’s results disappointed investors, sending the stock down sharply. ...
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ArticleHuntsman launches new high-traction TPU for the footwear industry
Huntsman Corporation officially launched a new material, Avalon Gecko Thermoplastic Polyurethane (TPU), specifically engineered for the high-performance footwear industry, at the NW Materials Show in Portland, Oregon, on Aug. 28. This innovative TPU material is designed to provide exceptional grip, comfort and durability, making it ideal for the demanding requirements ...
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News briefs
Frasers Group expands into Australia and New Zealand
The British retail company Frasers Group has expanded its presence in Australia and New Zealand by acquiring a 14.65-percent stake in Accent Group Limited, a major retail and distribution company specializing in performance and lifestyle products. This strategic investment is part of Frasers Group’s broader plan to increase its global ...
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ArticleCanadian rail freight resumes after government intervention
Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC) resumed railway services on Aug.26 after a shutdown started on Aug. 22 due to the lockout their Canadian workers in the wake of failed labor talks. Nevertheless, it could take several weeks for Canada’s railway network to fully recover from ...
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ArticleGermany’s economic situation worsens
The economic situation has worsened in Germany due to weak consumer confidence and geopolitical uncertainty, but the economy could gradually pick up in the coming quarters. Germany is Europe’s main economy and the third largest in the world. Germany’s consumer climate is expected to come in at -22.0 points in ...
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News briefs
JR One Footwear to expand production in Indian state of Tamil Nadu
JR One Footwear, a joint venture company between Phoenix Kothari Footwear and ShoeTown Group, plans to expand its presence in India’s southern state of Tamil Nadu by setting up two more manufacturing facilities and leather component clusters, according to the Indian newspaper The Economic Times. The company is already investing ...
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News briefs
The Platform Group's GMV up 20% in H1
German e-commerce company The Platform Group (TPG), the owner of online footwear retailer Schuhe24 and other e-commerce platforms, reported that gross merchandise volume (GMV) grew by 20 percent year-over-year to €442.5 million in the first half of 2024 while net sales increased by 23 percent to €231.5 million. The number ...
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News briefs
Heydude picks Sydney Sweeney as its brand ambassador
Heydude hired Sydney Sweeney as its “global spokesperson.” On Aug. 21, the brand owned by Crocs, announced a long-term and global partnership with Sweeney as well as unveiling its new brand campaign ”to create a movement of Dudes.” Sweeney is a two-time Emmy nominated actress and producer.
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News briefs
Skechers hires Ruud Gullit as brand ambassador in Benelux
Ruud Gullit, a football legend and former captain of the Dutch national team, has signed on with Skechers as its first ambassador in Benelux. Named World Soccer Player of the Year twice, Gullit will be featured in multi-platform marketing for Skechers’ footwear and apparel collections, including Skechers Hands Free Slip-ins ...
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News briefs
JD reiterates its Ebit guidance
JD Sports Fashion maintained its annual guidance of Ebit before adjusting items of £955.0 million to £1,035 million (€1.13-1.22bn) despite a persistently volatile global macro environment. The guidance does not include Hibbett Sports whose acquisition was completed in the fiscal second quarter. In the second quarter ended Aug. 3, the ...
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ArticleStella significantly hikes distribution to shareholders over the next 3 years
Stella International recorded a 53 percent increase in adjusted net profit to $92.9 million in the first half of 2024 from $60.3 million a year earlier, improving its adjusted net profit margin to 12.1 percent from 8.4 percent. It also announced plans to significantly increase distribution to shareholders over the ...
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ArticleTwelve emerging brands in the spotlight at Micam
Scheduled to run from Sept. 15 to 17 at the Fieramilano Rho exhibition center at the outskirts of Milan, the 98th edition of the Micam footwear fair showcases again twelve up-and-coming footwear brands as part of its Emerging Designers selection located at the Micam X space in Hall 1. Often ...
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ArticleAra appoints a new CEO
Ara has appointed a new CEO in a leadership change that marks the completion of its restructuring process. On Sept.1, Stefan Rassau will start in his new role, taking on full responsibility for the German footwear group. Rassau will also take over the operational management of strategy, marketing and ...
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ArticleEmerging designer: Socque rocks the classics
The Covid-19 pandemic that broke out towards the end of the first quarter of 2020 in Europe, and the subsequent related lockdowns, prompted many to make major life changes. Laure Chareton’s and Camille Cour’s response consisted of launching a high-end women’s footwear brand. After a decade of helping others run ...
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ArticleBama ceases business operations, trademark acquired by Ganka
The German supplier of shoe care products and insoles, Bama, has ceased operations. Despite intensive efforts, no investor was found to keep the insolvent company running, said the insolvency administrator, Alexander Jüchser from the Lieser Rechtsanwälte law firm. Bama’s trademark rights were sold to the Canadian outdoor specialist ...
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News briefs
French footwear sales dip in July
In July, French footwear retail sales fell by a seasonally and working-day adjusted 2.7 percent month-on-month, after growing by 4.6 percent in June, according to the Bank of France. The June figure was revised up from a preliminary growth estimate of 4.5 percent. Overall French retail sales rose by 0.4 ...
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ArticleYulex launches a new high performance natural rubber
The US company Yulex launched Yulex2.0, a new high performance natural rubber material proposed as an alternative to neoprene. The product has applications across a range of products including footwear as well as wetsuits, sportswear, sports equipment, sports medicine and accessories. Jeff Martin, the founder of Julex said “we saw ...
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ArticleRail freight halted in Canada due to labor dispute
The Canadian railway companies Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC) announced the lockout of their Canadian workers after failed labor talks, resulting in a shutdown of their networks in the country. The companies locked out employees who are members of the Teamsters Canada Rail Conference (TCRC) ...
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ArticleC-Suite interview: Fly Flot expands beyond slippers
In an attempt to attract a younger clientele, Fly Flot is expanding its collection beyond slippers and clogs to include sneakers and moccasins for both women and men. Shoes now account for 10 percent of production and the target is to double the share. Based near the Northern Italian town ...
