Product & Marketing – Page 56
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News briefs
Coats appoints a board director
Coats said that Srinivas Phatak will join the board as a non-executive director, effective Sept. 1. In addition, he will join the audit and risk committee and the nomination committee. Phatak is currently the Deputy Chief Financial Officer and Group Controller at the consumer goods company Unilever PLC. He has ...
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News briefs
S.Oliver Group hires new Country Manager for Austria and Italy
The German footwear brand s.Oliver appointed Marcel Peters as Country Manager for Austria and Italy. Peters took over his new duties on June 1, 2024, succeeding Felix Kinnen, and is now responsible for the wholesale, franchise, depot and retail divisions, the Rottendorf-based company said in a statement. “In ...
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ArticleGabor’s management overhaul continues
Another long-serving manager is leaving the German footwear manufacturer Gabor Shoes. On Sept. 30, Rainer Bachl, who joined the company in 1982 and led Gabor’s comfort shoes division for many years, will depart the Rosenheim-based shoemaker. The company announced Bachl’s exit without disclosing specific reasons. No successor has yet ...
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News briefs
Generational change starts at safety shoe manufacturer Baak
A new generation has been called to the helm at the safety shoe manufacturer Baak as Andrea Grusa steps down to give way to her son Christian Grusa, marking the beginning of a planned generational transition at the family-owned company. Thirty-one-year-old Christian, who has overseen organizational and brand development ...
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News briefs
Werner 1911 strengthens its sales team
The footwear manufacturer Werner 1911 is strengthening its sales team. Starting with the spring-summer 2025 order season, sales expert Holger Heide will represent the company in northern, eastern and western Germany, presenting its collection at regional trade fairs in Breitscheid, Hamburg, Berlin and Hanover. Heide’s trading agency is active ...
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News briefs
Adrian Wick to take over representation of Högl brand in Switzerland
The Austrian women’s shoe manufacturer Högl Shoe Fashion has appointed Adrian Wick as its new representative for Switzerland. He will take up the role starting from the spring/summer 2025 sales season. He succeeds Patric Schneider, who stepped down after many years at the company. Wick will manage operations ...
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News briefs
Bata India’s sales inch down on sluggish demand
Bata India said that in the first quarter end June 30 revenues fell by 1.4 percent year-on-year to 9,446 million rupee (€103.1m), despite expanding its retail network, due to weak consumer demand. “Bata India navigated well through the slugging consumption environment further accentuated due to the elections and extreme heat ...
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News briefs
Designer Brands launches the Designer Brands Foundation
Designer Brands launched the Designer Brands Foundation whose purpose is “to advance the empowerment of individuals by removing barriers and helping them put their best foot forward.” It added that “notable contributions” have already been made through the foundation, including a $50,000 donation from the DSW Foundation, which is part ...
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News briefs
Manolo Blahnik's 2023 sales down 10%
Manolo Blahnik reported that it posted a 10 percent drop in sales to €106.5 million in 2023 due to the “well-documented global luxury market slowdown.” Despite the decline, 2023 was the “second-best year ever” for the luxury footwear and accessories brand, according to the CEO, Kristina Blahnik. The pretax profit ...
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ArticleVirola starts exporting non-leather footwear
Virola International, an Indian company that is one of the country’s major exporters of high-quality leather shoes, has started supplying non-leather footwear to a European client. “Buying non-leather footwear from India is a big mental change for clients,” explains Ishaan Sachdeva, who runs the family-business with his father Sushil Sachdeva. ...
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ArticleWolverine posts better-than-expected Q2 results
Wolverine Worldwide, Inc (WWW) posted better-than-expected sales and earnings in the second quarter of 2024 as the US company benefits from the results of its turnaround plan launched a year ago. Total revenues fell by 27.8 percent, or by 27.7 percent at constant exchange rates, to $425.2 million and ongoing ...
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ArticleGrendene’s foreign sales pick up in Q2
Grendene’s gross revenues rose by 3.1 percent year-over-year to 604.4 million reais (€100.5m) in the second quarter of 2024, underpinned by its key Melissa brand and a surge in exports. The group’s domestic sales were up by 1.5 percent to R$506.7million (€84.3m), as higher prices offset a decline in volumes, ...
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News briefs
Allbirds reduces Q2 operating loss
Allbirds reported another quarterly Ebitda loss and lower revenues for the second quarter but said the results were within its guidance range as it made further operational and financial progress. Additionally, the San Francisco lifestyle footwear company moved forward with its international strategy focused on distributors and licensees. The group ...
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ArticleVF optimistic that EMEA will spearhead Vans’ turnaround
Having shed its Supreme business for $1.5 billion and moving forward with a transformation plan under CEO Bracken Darrell and a cast of new brand leaders, VF Corp. is expressing optimism that its flagging Vans segment is finally on the road to full recovery. And the EMEA appears to be ...
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ArticleJimmy Choo’s Q1 sales drop on soft demand
In the fiscal first quarter ending June 29, Jimmy Choo, the luxury footwear brand owned by Capri Holdings, posted revenues of $173 million, down by 5.5 percent on a reported basis and by 3.8 percent on a constant currency basis compared to the prior year. This decline was driven primarily ...
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ArticleAlpargatas turns Q2 profit but sales in Europe sag
After more than a year of work strengthening many aspects of its business model, Alpargatas is seeing signs that its recovery on the right track. In second quarter of 2024, the Brazilian footwear company that owns the Havaianas brand generated a net profit of $23 million Brazilian reais (€3.75m) against ...
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ArticleBoot Barn raises its full-year guidance on better-than-expected first-quarter results
Thanks to better-than-expected first-quarter results, Boot Barn lifted its sales and earnings guidance for the full-year ending March 29, 2025. In the three months ended June 29, the US company increased net sales by 10.3 percent to $423.4 million thanks to higher comparable sales and the opening of 11 stores, ...
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ArticleWeyco ‘cautiously optimistic’ about the autumn selling season
Weyco’s sales in the second quarter of 2024 dropped by 5 percent year-on-year to $63.9 million, driven lower by the North American wholesale business and the Florsheim Australia subsidiary. However, the group indicated that “retailer inventory levels are starting to normalize” in the US after an inventory pile-up last year ...
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News briefs
ILM announces trade fair dates for 2025
The 161st edition of ILM, the international leather goods fair held in Offenbach am Main, near Frankfurt, is scheduled from Feb. 15 to 17, 2025, the organizer of the event, Messe Offenbach, announced. The 162nd edition of the trade fair will take place from Aug. 30 to Sept. 1, ...
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News briefs
Berkemann and Everybody part ways
The German comfort shoe manufacturer Berkemann Group and the Italian women’s shoe brand Everybody have decided to dissolve the joint venture they formed in 2021. Under the partnership, Everybody’s’ Venetian designer, Gianni Ziliotto, was in charge of design and product development in Stra, Italy, while sales, customer service, accounting ...
