Product & Marketing – Page 55
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News briefs
Sara Blakely launches the footwear brand Sneex
Sara Blakely, the founder of the underwear brand Spanx, launched on Aug. 20 the footwear brand Sneex, which focuses on comfortable high-heel shoes. Sneex shoes are manufactured in Spain and retail from $395 to $595. They are available on Sneex.com in three styles (single strap, double strap and wide strap) ...
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ArticleTJX buys a 35% stake in Dubai-based Brands for Less
TJX, a US off-price apparel and home fashions retailer, has signed a definitive agreement to buy a 35 percent stake in Brands for Less (BFL) for $360 million dollars. BFL is a privately-held company based in Dubai and is the region’s only major off-price branded apparel, toys and home fashions ...
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ArticleRegent buys Bally from JAB
Regent affiliate acquires Swiss luxury brand Bally International from JAB, with key leadership set to remain in place.
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News briefs
Björn Borg’s shoe revenues surge by 199% in Q2
Björn Borg’s footwear revenues surged by 199 percent during the second quarter of 2024 after the sports fashion brand took over the distribution of shoes following the bankruptcy of the Dutch group Unlimited Footwear Group (UFG) in February. UFG, through the subsidiary Serve&Volley was the licensee responsible for Björn Borg’s ...
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News briefs
Ted Baker closes all its stores in the UK, Ireland
Ted Baker, the troubled British fashion retailer owned by the US group Authentic Brands Group (ABG), will close on Aug. 20 the 31 stores it still operates in the UK and Ireland, which could result in more than 500 layoffs, according the consulting and advisory firm Teneo, which is Ted ...
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News briefs
Alibaba's Q1 revenues below expectations
In the fiscal first quarter ended June 30, Alibaba reported revenues of 243.24 billion yuan renminbi (€31.13bn), an increase of 6 percent year-on-year but below market expectations of a top line of RMB 249 billion. Revenues were primarily driven by the company’s Cloud Intelligence Group, whose revenues increased by ...
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News briefs
Allbirds appoints a new board director
San Fransisco-based sports shoe brand Allbirds has appointed Ravi Thanawala, the Chief Financial Officer (CFO) of Papa John’s International, Inc., to its board of directors, effective Sept. 10, 2024. Thanawala has been CFO of Papa John’s since July 2023 and served as interim Chief Executive Officer from March ...
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News briefs
United Commerce Group buys Greats from Steve Madden
New York-based Unified Commerce Group (UCG) bought the premium sneaker brand Greats from Steve Madden, which had bought the label in 2019. As part of the deal, Steve Madden will take a stake in UCG, according to Footwear News. UCG also invested in the Utah-based womenswear retailer Böhme. “Today we ...
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ArticleTapestry’s takeover of Capri given 30% chance of succeeding
The stock market gives an about 30 percent chance that Tapestry’s planned takeover of Capri Holdings will succeed after it was challenged by the US government over concerns that the aggregation could harm competition, according to the brokerage Raymond James. On April 22, 2024, the US Federal Trade Commission decided ...
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ArticleGlobal footwear production fell 6% in 2023
In 2023, global footwear production decreased by 6 percent to 22.4 billion pairs, the lowest point in a decade barring the pandemic years of 2020 and 2021, according to the World Footwear Yearbook 2024 released by the Portuguese footwear association Apiccaps. Production declined by 1.5 billion pairs, following a drop ...
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News briefs
Asian brands increase their presence in the Russian market
In the first half of 2024, several new foreign footwear brands emerged in the Russian market, according to CORE.XP, a local consultancy. For example, the Chinese footwear brand Josiny and the Chinese children’s clothing and footwear brand Balaba officially launched operations in the country. In total, 15 new brands started ...
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News briefs
Sioux appoints a new sales representative for Austria
Sioux has appointed a new sales representative for the Austrian market. Starting from the spring/summer 2025 season, Michael Bachmayer will oversee the company’s sales in the country, the German shoe manufacturer said. The 35-year-old manager brings extensive experience from working with renowned footwear brands such as Rohde, Peter ...
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News briefs
Leder & Schuh launches Delka in Humanic and Shoe4you stores
After its recent acquisition by the Austrian shoe retailer Leder & Schuh, the footwear brand Delka is now being integrated into a new comfort shoe line exclusively available at the group’s Humanic and Shoe4you stores. “Initially, the brand will be sold exclusively at Humanic and Shoe4you stores, but could ...
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News briefs
Stuart Weitzman hires five global ambassadors
Stuart Weitzman announced five new global ambassadors: Aly Raisman, Christy Turlington, Issa Rae, Lucy Liu and Ming Xi. They are set to star in the brand’s new campaign film “How Lovely to Be a Woman,” premiering Sept. 4.
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ArticleLolë acquires Sanuk from Deckers
Lolë Brands, a Canadian athleisure, active and outerwear brand, announced the acquisition of the outdoor lifestyle footwear brand Sanuk from Deckers Brands. In October 2023, Deckers had indicated its intention to sell the brand. In the financial year ended March 31, Sanuk’s revenues plummeted by 33 percent to $25.4 million. ...
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ArticleGerman online sales swing back to growth in Q2, footwear up 3.4%
Online sales in Germany turned back to growth in the second quarter of 2024 after two sluggish years, with footwear sales exceeding the €1 billion as the market starts to normalize, according to a survey released by the federal association of e-commerce and mail order trade, BEVH. In the second ...
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ArticleSecond hand reselling enjoys booming popularity in Russia
The Russian fashion market has witnessed a staggering 30 percent surge in the sale of secondhand goods in 2023, a trend that is rapidly gaining momentum, as estimated by the Moscow-based think tank, Fashion Consulting Group. Last year, the segment was valued at 200 billion rubles (€2bn), which was equivalent ...
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ArticleYue Yuen experiences order book ‘normalization’
The globe’s largest footwear manufacturer Yue Yuen realized a whopping 121 percent growth in profit attributable to company owners at $184.4 million for the six months ended June 30 versus $83.6 million a year earlier. Ebit rose by 85 percent to $265.2 million against $143.2 million in the year-ago period. ...
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News briefs
Timo Schmermund becomes Head of Sales for DACH at Relife
Timo Schmermund joined the Relife shoe brand last month as Sales Manager for the so-called DACH region, which covers Germany, Austria and Switzerland. Schmermund comes from the German shoemaker Rohde, where he worked from July 2021 as Key Account Manager starting in July 2021, and as Head of Sales for ...
