Product & Marketing – Page 65
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ArticleShoes For Crews obtains court approval to sell its assets
Shoes For Crews said that on May 24 it received approval from the United States Bankruptcy for the District of Delaware for the sale of substantially all of its assets to its first lien secured lenders via a stalking horse credit bid. The sale will eliminate more than $300 million ...
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ArticleBoohoo U-turns on executive bonuses after investor outrage
Boohoo has been forced to climb down over plans to pay three of its top executives £1 million (€1.17m) each in bonuses after shareholder anger over widening losses and missed performance targets. The directors, including co-founders Mahmud Kamani and Carol Kane, along with Chief Executive John Lyttle, were in line ...
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ArticleMarketplaces increasingly important in German e-commerce
Marketplaces are playing an increasingly important role in German e-commerce and shoppers rely more and more on their smartphones to make purchases, according to a survey from HDE, the German trade association. In 2023, sales via online marketplaces accounted for more than half of total online sales in Germany (54 ...
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News briefs
Uzbekistan incentives the creation of footwear clusters
Uzbekistan’s government plans to create clusters for the leather and footwear industries in the Sharaf-Rashidov and Akhangaran districts and has defined incentives to attract investors. Until Jan. 1, 2026, companies established in the areas are exempt from property tax, land tax and tax for the use of water resources, according ...
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News briefs
French footwear sales slump in April
In April, French footwear retail sales fell by a seasonally and working-day adjusted 5.9 percent month-on-month, according to the Bank of France. In March, sales of footwear increased by 2.8 percent. The March reading was revised up from a preliminary estimate of a 2.5 percent rise. Overall French retail sales ...
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ArticleShoe Carnival continues to eye M&A as Rogan’s contributes to solid Q1 sales growth
Shoe Carnival expects that mergers and acquisitions (M&A) will remain a key part of its growth strategy after the recently acquired the US work and family footwear brand Rogan’s Shoes contributed to solid growth in its top line in the first quarter of its 2024 fiscal year. “Going forward, we ...
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News briefs
Scan-to-print circular footwear from Vivobarefoot
London-based footwear brand Vivobarefoot has launched the first commercially available limited edition Vivobiome barefoot shoes. Vivobiome is a scan-to-print system for circular footwear and a clear move away from complex and, according to Vivobarefoot, extremely wasteful analog manufacturing to a simpler, low-waste and connected system that is fit for a ...
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ArticleArklyz completes the acquisition of Lloyd Shoes
The Swiss sports and lifestyle firm Arklyz AG has completed the takeover of the German premium footwear brand Lloyd Shoes, including all its subsidiaries, from Ara AG. The financial terms of the deal were not disclosed. With the acquisition of the German shoe manufacturer, Arklyz adds another footwear brand ...
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ArticleExpo Riva Schuh’s management visits China, US, Portugal, Brazil
As part of its efforts to further develop its international network, the management of Expo Riva Schuh & Gardabags visited China, the US and Brazil in April and May. Traditionally, China has a large delegation of almost 300 exhibitors at the footwear and bag trade show held biannually in Riva ...
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ArticleDeckers sees FY25 sales up 10%
Deckers Brands, the parent company of the Hoka and Ugg brands, ended a successful fiscal year by reporting a 36.3 percent operating income increase in the fourth quarter to $144.3 million from $105.9 million. Gross margin expanded by 6.20 percentage points to 56.2 percent in the quarter ended March 31. ...
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ArticleVF Corp. fails to deliver yet again
VF Corp. failed to exceed consensus estimates for quarterly sales and profit for a fourth consecutive quarter. The latest bad news for the parent of The North Face, Vans, Timberland and Dickies, among others, sent VF’s shares down 11.7 percent on the day of the announcement. The operating loss was ...
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News briefs
Coats’ sales underpinned by recovery in footwear
Coats said that in the four months to April 30 reported revenues rose by 4 percent while currency-neutral revenues increased by 7 percent at group level. Revenues for the apparel business grew a reported 11 percent and 14 percent at constant exchange rates. The footwear business increased revenues by 6 ...
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News briefs
Dray obtains the Lotto license for Brazil
WHP Global announced a long-term license agreement for Lotto giving Dray Indústria e Comércio the exclusive rights to develop, manufacture, promote and distribute the brand in Brazil. Aiming for a public launch in the second half of 2024, the Lotto product portfolio offered in Brazil will feature footwear, apparel, accessories ...
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News briefs
Lululemon’s chief product officer quits
Lululemon announced organizational changes following the resignation of Sun Choe, its chief product officer, to pursue a new opportunity. Choe’s exit marks the end of her seven-year tenure with the company. The Canadian producer of performance apparel for yoga, running and training will not seek a new chief ...
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ArticleThe Russian footwear industry calls for trade protectionism
Foreign companies that had declared plans to sever ties with Russia, still control nearly 80 percent of the local footwear market, Andrey Pavlov, president of Zenden, a prominent Russian footwear manufacturer and retailer, outlined during the Moscow Economic Forum. Leading brands, including Nike, Adidas, Reebok and Ecco, are still widely ...
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ArticleGerman brick-and-mortar shoe retail grows, online sales drop slightly
Brick-and-mortar footwear sales grew in 2023 in Germany, as online retail slowed down after the Covid lockdowns ended and consumers returned to physical stores, a survey showed. While the footwear market has steadily grown since 2021, brick-and-mortar retail still remained below the pre-pandemic levels of 2019, according to the ...
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ArticleShoe Zone cuts full-year earnings guidance on higher costs
Shoe Zone has cut its full-year earnings guidance due to higher labor and shipping costs as well as additional expenses stemming from store closures. The British footwear retailer cut its full-year profit before tax forecast to £13.8 million (€16.2m) from £15.2 million. It noted that the original forecast was based ...
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ArticleGaleria Karstadt Kaufhof investors to pledge up to €100m, plan overhaul with store closures, name change
Galeria Karstadt Kaufhof’s new owners are poised to inject up to €100 million in the company to revamp its remaining department stores over the next two to three years, according to media reports. The insolvent retailer sees Sunday shopping as a cornerstone of its restructuring efforts, according to the ...
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News briefs
Brazilian footwear exports seen down 6-9% in 2024
In 2024, Brazilian footwear exports are expected to decline by 6 to 9 percent in volume as an improvement in the second half of the year is expected to offset a sharp decline in the first four months of the year, according to the Brazilian footwear industry association, Abicalçados. Data ...
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ArticleKizik expands in the US and abroad
Kizik, a US brand specializing in slip-on shoes, is opening two more stores in the US as part of its aggressive expansion strategy at home and abroad. The Lindon, Utah, based company aims to become “the next billion dollar shoe brand.” On May 17, the brand opened its second US ...
