Product & Marketing – Page 64
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News briefs
Schuh Mücke expands management
Schuh Mücke, the German shoe and sporting goods retail chain within ANWR Group, has hired a new chief sales officer. Eik Lippmann will join the company’s management team on July 1 and will be in charge of sales, e-commerce and facility management, the group said in a statement. ...
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ArticleDesigner Brands expands in Canada as Q1 sales inch up
Designer Brands returned to modest sales growth in its first quarter ended May 4, as it bolstered its presence in Canada with the acquisition of the Canadian footwear retailer Rubino and its 28 stores. “Rubino currently operates stores that offer nearly identical atmospheres and assortments to that of our own ...
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News briefs
Skechers donates more than $11m to animal welfare through BOBS
Skechers has raised a total of $11 million in donations through the sale of its BOBS from Skechers collection, which has helped rescue and support over 2 million animals in need since its launch in 2015. To celebrate this milestone, the company has launched a month-long celebration that includes pet ...
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News briefs
Metro Brands has recycled the equivalent of half the shoes it sold
Metro Brands, one of India’s largest footwear retailers, said that through the Old Discarded Footwear (ODF) initiative, it has recycled the equivalent of approximately half the shoes it sold in a year in “an eco-friendly” manner. The ODF initiative includes ReCircle and other partners. In fiscal 2021-2022, Metro Brands initiated ...
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ArticleClarks swings to annual loss as ‘discount-hungry’ consumers spurn full prices
C&J Clark (No1) Limited, the parent company of the Clarks brand, swung to a full-year loss as it grappled with inflation, weak demand for full-price stock, global conflict, oversupply and a large asset impairment charge in 2023. Revenues for the 12 months to December 31 rose by 14 percent to ...
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News briefs
HanesBrands sells Champion to Authentic Brands Group
HanesBrands has entered into a definitive agreement to sell the intellectual property and certain operating assets of the Champion business to Authentic Brands Group for $1.2 billion, with the potential to reach up to $1.5 billion through an additional contingent cash consideration of up to $300 million based on achievement ...
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News briefsDesigner Brands names a CMO at DSW
Designer Brands has appointed Sarah Crockett chief marketing officer (CMO) of DSW Designer Shoe Warehouse, effective June 6. Crockett will be responsible for overseeing the planning, development and execution of all marketing and advertising initiatives for DSW’s nearly 500 US stores and e-commerce channel, DSW.com, ”furthering the implementation of comprehensive ...
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ArticleVF names a new brand president for The North Face
VF Corporation has named Caroline Brown global brand president of The North Face. She will be starting the week of June 10 and succeeds Nicole Otto. As a result of her appointment, Brown has resigned as a member of VF’s board of directors. In February, the US apparel and footwear ...
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ArticleGenesco Q1 sales fall 5% but beat expectations as Journeys makes progress
Sales at Genesco declined by a reported 5 percent to $457.6 million in the first quarter of fiscal year 2025 but were above management expectations of a mid-to high percentage decrease amid signs of progress at Journeys, the division whose turnaround remains the company’s main priority. At constant-currency rates, sales ...
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News briefs
Görtz launches the GLDN fashion line
Görtz is venturing into fashion with the launch of its first-ever clothing line, GLDN, as it expands its ‘lifestyle’ concept. The new product line made its debut with an event at Görtz’s Hamburg flagship store on the Spitalerstrasse 11. The GLDN spring/summer 2024 collection includes boxy T-shirts and black ...
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News briefs
White Mountain expands into men’s, boys’ footwear
White Mountain is expanding into men’s and boys’ footwear as it continues to diversify its product range since its acquisition by American Exchange Group in January 2023. In June 2023, the brand introduced its girls’ footwear line, departing from its emphasis on women’s footwear. The men’s collection ranges from dress ...
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ArticleCaleres maintains outlook after Q1 sales fall short of expectations
Caleres maintained its guidance for a top line this year that is flat to up 2 percent compared to the year earlier after reporting sales in the first quarter ended May 4 that were slightly worse than expectations. First-quarter sales at Caleres fell by 0.5 percent to $659.2 million, versus ...
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ArticleJimmy Choo suffers from softening demand for luxury goods
In the fourth quarter ended March 30, Jimmy Choo, the luxury footwear brand owned by Capri Holdings, posted revenues of $137 million, down by 9.3 percent on both a reported and constant currency basis. The group said that the decline was driven primarily by “softening demand globally for fashion luxury ...
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News briefs
VF names Sun Choe global brand president of Vans
VF Corp. appointed Michelle “Sun” Choe as the global brand president of Vans, starting in late July. Choe brings nearly three decades of experience from top brands, including Lululemon, Marc Jacobs and Levi’s, to her new role. Having recently served as chief product officer at Lululemon, she drove significant revenue ...
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ArticleDr. Martens targets up to £25m in cost savings as FY sales, profits slump
Dr. Martens is targeting up to £25 million (€29.3m) in cost savings and maintained its full-year guidance outlined in its profit warning last month as continuing woes in the US led to a slump in annual revenue and profit. Previously, the company indicated that overall earnings could slump by as ...
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ArticleBirkenstock hikes FY guidance after record Q2 revenues
Birkenstock Holdings increased its full-year guidance after reporting record sales in the second quarter ended March 31. The group now expects full-year revenues to grow by 20 percent at constant exchange rates, up from a previous guidance of 17-18 percent, and predicts an adjusted Ebitda margin of 30.0 to 30.5 ...
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ArticleCreditors approve Galeria’s restructuring plan
Another hurdle has been cleared on Galeria Karstadt Kaufhof’s path to recovery. The creditors of the troubled German department store chain approved its pending reorganization plan, insolvency administrator Stefan Denkhaus said on following a creditors’ meeting. The clearance is a significant step towards the completion of Galeria’s insolvency proceedings, ...
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ArticleGolden Goose plans listing on Milan stock exchange in June
Golden Goose, an Italian fashion brand known for its premium sneakers, said that it plans to hold an initial public offering (IPO) on the Milan stock exchange consisting of existing shares held by Astrum, its sole shareholder, and newly issued shares stemming from a capital increase. The brand will use ...
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News briefs
Coats' CEO steps down
Coats’ chief executive, Rajiv Sharma, will leave by the end of 2024 after 14 years with the group, the last eight years as CEO. The British industrial thread and global footwear component manufacturer said that its board has appointed David Paja as chief executive designate. Paja is expected to join ...
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News briefs
Pimkie placed under court administration
A Lille-based commercial court has placed Pimkie into a “safeguard procedure”, enabling the French fast fashion label and chain store for young women to continue operating while undergoing a restructuring, the news agency AFP reported citing trade union representatives. Frédérique Dupont, of the CFE-CGC trade union, said that the ...
