Product & Marketing – Page 66
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ArticleGrendene’s Q1 sales are underpinned by the Brazilian market
Grendene maintained its first-quarter revenues stable thanks to domestic sales led by the Melissa brand. Gross revenues rose by 0.7 percent year-over-year to 662.4 million reais (€119.0m) in the first quarter of 2024, with domestic sales up by 6.7 percent to R$528.3 million (€94.9m) and exports down by 17.5 percent ...
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News briefs
British Footwear Association names Richard Shetliffe as CEO
The British Footwear Association (BFA) appointed Richard Shetliffe as its new Chief Executive Officer, effective May 14. Shetliffe has over 30 years of experience in the footwear and accessories industry. He held leadership positions at brands such as Dr. Martens, Ben Sherman, Vagabond, VF Corporation, The Dune Group and ...
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News briefs
Three UK footwear companies awarded royal warrant
The British Footwear Association (BFA) announced that three of its members, Tricker’s, Crockett & Jones and John Lobb have been awarded the royal warrant by king Charles III. ”This honour recognizes their exceptional craftsmanship and solidifies their status in the luxury footwear industry,” the BFA said. The Northampton-based shoemaker Tricker’s ...
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ArticleGeox sees 2024 sales decline after wholesale sales suffer in Q1
Geox now expects sales to fall by a mid-single-digit percentage this year, after revenues in the first quarter tumbled by a reported 13.5 percent to €193.6 million led by a steep decline in wholesale sales. At constant currency rates, sales were down by 11.7 percent. Geox, which had previously forecast ...
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News briefs
Nice Footwear obtains Ellesse license for the French market
Nice Footwear has obtained the footwear license regarding the French market for the Ellesse brand owned by the US group Pentland. Nice Footwear said that it will rely on its “solid experience” of the French market to develop the brand. Since January 2022, the Italian footwear company has a showroom ...
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News briefs
Alibaba Q4 revenues up 7%
Alibaba reported revenues of RMB22.9 billion (US$30.7bn) for the fourth quarter ended March 31, representing an increase of 7 percent year-over-year. Income from operations was RMB14.8 billion (US$2.0bn), a decrease of 3 percent year-over-year. Net income attributable to ordinary shareholders was RMB3.3 billion (US$453 million). Net income was RMB919 million ...
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ArticleAlpargatas maps out new business strategy, turns Q1 profit
Alpargatas spent much of the first quarter working on cash generation, capitalizing on efficiencies, and simplifying its business. The effort, largely focused on its home market, included better alignment between sell-in and sell-out levels and cash generation of $260 million Brazilian reais (€46.7m) versus cash consumption of R$271 million a ...
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News briefs
Skechers enters a footwear partnership with John Deere
Skechers has entered a footwear partnership with John Deere, an American producer of agricultural and forestry machinery as well as heavy and lawn care equipment. The companies are joining forces to offer a co-branded professional and lifestyle offering. The footwear collection is designed for ”agricultural professionals, construction workers, outdoor enthusiasts ...
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ArticleFootwear drags Tod’s’ sales lower
Tod’s‘ sales in the first quarter of 2024 fell by 6.7 percent year-over-year to €252.3 million due to the weakness of the Chinese market. At constant currency rates, the top line declined by 4.7 percent. Shoes were the weakest product category with quarterly sales down by 8.3 percent, or by ...
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ArticleBoot Barn sees sales growth in new fiscal year as store openings continue
Boot Barn expects to resume sales growth in fiscal year 2025, after closing off the fourth quarter of fiscal 2024 with a nearly 9 percent decline in revenues, as new store openings are seen more than offsetting a continued projected decline in same-store sales. With the opening of a planned ...
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News briefs
Golden Goose’s sales and earnings continue to rise
In the first quarter of 2024, Golden Goose posted revenues of €148 million, up by 11 percent year-over-year on a reported basis and by 12 percent at constant exchange rates. Direct-to-consumer revenues grew by 18 percent, and by 20 percent in local currencies, to €106 million, driven by the EMEA ...
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ArticleZalando reshuffles its top management
Zalando has reorganized its top management as part of its efforts to enact its so-called “ecosystem strategy” to expand its business-to-business (B2B) and business-to-consumer (B2C) activities in order to cover 15 percent of the European fashion market The German online fashion retailer is promoting its chief operating officer (COO), David ...
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Neonyt trade fair moves to new location, opens to wider audience
The sustainable fashion trade fair Neonyt is moving to a new venue and is opening up to a wider audience. The fair, until now held at the Areal Böhler in the German city of Düsseldorf is moving to the Bilker Bunker, close to the city center and “at the ...
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Articles.Oliver ends footwear licensing partnership with Wortmann
The footwear brand s.Oliver prepares to venture on its own path as its owner, the German fashion company s.Oliver Bernd Freier GmbH & Co. KG, plans to end its licensing partnership with the Detmold Wortmann Group on Dec. 31, 2025 after more than 20 years, in a bid to “realign ...
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ArticleYue Yuen’s profits double in Q1
Profit attributable to owners of the Chinese group Yue Yuen increased by 97 percent year-over-year to $100.0 million for the first quarter ended March 31 from $50.8 million a year earlier. Ebit rose by 82 percent to $145.1 million from $79.7 million despite a 4.9 percent decline in total revenues ...
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ArticleCrocs extends its shoe takeback program to whole of continental US
Crocs has extended its “Old Crocs. New Life” shoe takeback program to the whole of continental US. All Crocs retail and outlet locations in the country, excluding Hawaii and Puerto Rico, are now equipped with designated collection boxes to drop off Crocs shoes in any condition. Anyone with used Crocs ...
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News briefs
Superfeet appoints a new CFO
The insole specialist Superfeet appointed Kathryn McKenzie as its new chief financial officer. The company said McKenzie will play a crucial role in activating Superfeet’s expansion into medical and industrial/work communities. McKenzie most recently served as CFO at HealthTrackRx, a premier national molecular diagnostic laboratory. Prior to this, she held ...
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ArticleArezzo sales jump 23% in Q1, looks to bolster U.S. business
Arezzo & Co reported sales of 1,286 million reais (€231.8m) in the first quarter of 2023 rising by 23.4 percent compared with the year earlier and coming on top of the roughly 64 percent growth in the top line seen in the first quarter of 2022. The sellout in the ...
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ArticleHow Gerli is relaunching Camel Active
After HC Footwear, a unit of Hamm Market Solutions which held the Camel Active license for footwear and handbags, filed for bankruptcy in May 2022, the license was taken over for seven years by the German footwear company Schuh-Import und Export Gerli in November of the same year. “The previous ...
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ArticleAllbirds confirms FY guidance as Q1 sales plummet
In the first quarter of 2024, Allbirds’ net revenues decreased by 27.6 percent to $39.3 million primarily due to lower overall demand, as well as the impact of the transition to distribution models in some foreign markets and store closures in the US. The company has completed the transition to ...
