Product & Marketing – Page 61
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ArticleC-Suite interview: Lack of personnel is a global issue for the footwear industry
Over the past 18 months, the management of Expo Riva Schuh & Gardabags has visited the main footwear manufacturing countries of the world, as well as key consumer markets, as part of its efforts to promote the trade show and bolster its international reach. In an interview with Shoe Intelligence, ...
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News briefs
Vamos and Groundies not affected by Weltbild’s insolvency
The sneaker label Vamos and the barefoot shoe brand Groundies were not affected by the insolvency of part of their parent company, the e-commerce holding company WB D2C Group, according to media reports. The German retailer filed for bankruptcy last month for a second time in ten years as ...
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News briefs
Authentic Brands Group names a new head for Japan
Authentic Brands Group has appointed Jeff Daggett as senior vice president - head of Japan. With more than thirty years of industry experience, Daggett is expected to play an integral role in strengthening the group’s presence and driving brand growth in the Japanese market. Daggett has extensive leadership experience and ...
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ArticleFootway transfers e-commerce business to new corporate group
Footway Group AB announced on July 4 that it is separating the company’s e-commerce business as part of a strategic review. The separation is in line with the Swedish company’s efforts over the last four years to split e-commerce and platform into separate business areas. The company’s platform has grown ...
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News briefs
Turkish inflation may have peaked
In June, Turkish inflation slowed down to 71.60 percent year-on-year after reaching 75.45 percent in May, according to the statistics office Tuik. Month-on-month, consumer prices rose by 1.64 percent in June. “The disinflation process has started,” wrote the economy minister, Mehmet Simsek, on X. However, independent economists at the Inflation ...
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Shoe Zone cuts its guidance on higher transport costs, poor weather conditions
Shoe Zone further cut its full-year guidance and now expects adjusted profit before tax for the financial year ending Oct. 2 to be “not less” than £10.0 million pounds (€11.8m). The British footwear retailer said that it has continued to experience cost pressures associated with container prices due to a ...
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News briefs
OrthoLife expands its European hub
The US-based insole specialist OrthoLite announced the expansion of its European hub, OrthoLite Europa (OEU), focusing on its facility in Almansa, Spain. “Our commitment to invest in our global manufacturing footprint brings agility and reliability for OrthoLite’s brand partners and our T1 factory partners,” said Richard Bevan, Vice President of ...
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News briefs
Hogan offers the best customer service in Italy among footwear firms
Hogan was voted the footwear company offering the best customer service in Italy, according to Statista’s survey Italy’s Best Customer Service 2024/2025. With a score of 9.06 points, the brand, which is part of the Tod’s group, is among a cohort of 20 companies from different categories to have a ...
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ArticleShoes For Crews emerges from Chapter 11 process after asset sale
Shoes For Crews, a US firm specializing in slip-resistant footwear, said that it has completed the sale of substantially all of its assets to its first lien secured lenders via a stalking horse credit bid. The sale marks the company’s emergence from its Chapter 11 process. Through the transaction, the ...
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News briefs
Revolve buys Alexandre Vauthier
Revolve, a Los-Angeles based fashion group, has acquired a majority stake in Alexandre Vauthier, a French designer brand. “The strategic move further differentiates Revolve Group, Inc. in the premium and high-end fashion market, taking a significant step forward in its mission to redefine the fashion landscape,” the US company said ...
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ArticleItalian footwear production slumps in the first quarter
In the first quarter of 2024, revenues of Italian footwear manufacturers fell by 10.1 percent year-on-year, while production declined by 20.5 percent. In the whole of 2023, sales of Italian shoemakers grew by 0.6 percent to €14.58 billion, according to the latest data released, but the increase was underpinned by ...
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News briefs
Crocs releases its Comfort Report
Crocs has released its third annual Comfort Report, highlighting the company’s progress in corporate responsibility, including initiatives in social responsibility and sustainability. In the report, the company claims to have reached a “milestone” in material innovation by exceeding a monthly average of 20 percent bio-circular content in its proprietary Croslite ...
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Golden Goose introduces summer retail concept
Italian luxury sneaker brand Golden Goose is unveiling Bar Golden, a new retail experience inspired by the Italian culture and design of the 1960s. The new concept is launching in the seaside resorts of Forte dei Marmi, Italy, and Bodrum, Turkey. The stores showcase a selection of vintage objects such ...
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ArticleKienast rebrands all ABC and K+K stores as Reno
The German family-owned shoe retailer Kienast Group has announced that between August and October this year it will rebrand approximately 250 of its stores as Reno. The change will affect stores currently operating under the ABC Schuh-Center and K+K Schuh-Center brands. The decision to switch to the Reno banner ...
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ArticleH&M warns that business conditions are more challenging
H&M Hennes & Mauritz continues to expect a 10 percent operating margin this year but warned that conditions have become more challenging to achieve the target. In the fiscal second quarter, which ran from March 1 to May 31, the Swedish fashion retailer’s sales rose by 3 percent in both ...
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ArticleRohde starts building up its US sales team
Rohde has hired its first agent in the US, who will cover the northeast of the country from Pennsylvania to Maine. The German footwear producer of slippers and sandals aims to hire a couple more agents by the end of the year to cover the southeast and the Midwest. “The ...
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News briefs
Caprice reorganizes the sales team of newly acquired Peter Kaiser brand
Caprice, a brand of the German footwear group Wortmann Schuh-Holding KG, is revamping the sales team of the newly acquired women’s footwear brand Peter Kaiser in a bid to further expand the market presence of both brands in Germany. Caprice acquired Peter Kaiser in December last year. The Pirmasens-based ...
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Deichmann’s subsidiary Supremo to distribute Kappa in Germany and Austria
The German footwear company Supremo is taking over distribution of the Italian sports lifestyle brand Kappa in Germany and Austria as it further expands its portfolio of licensed brands, which already includes Tom Tailor, Lurchi and Romika. The retail prices for the new Kappa collection from Supremo are expected ...
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ArticleVelasca plans new store openings but pushes back its €100m sales target
Velasca, an Italian startup launched in 2013 by Jacopo Sebastio, the chief executive officer, and Enrico Casati, continues to enjoy strong growth thanks to the extension of its product line and store openings, but warned that it may take longer than expected to reach its annual revenue objective of €100 ...
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News briefs
Birkenstock’s controlling shareholder sells down its stake
BK LC Lux MidCo S.à r.l. (MidCo), an entity affiliated with the US private equity L Catterton, is proposing 14 million ordinary shares in Birkenstock in an underwritten secondary public offering. MidCo is selling 9,880,814 of the shares it owns, while 4,119,186 are sold by executive officers and certain other ...
