Product & Marketing – Page 68
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ArticleRussia’s Ekonika enjoys a strong start to 2024 as it doubles the size of its stores
Ekonika, a major Russian footwear retailer, enjoyed a 51 percent rise in revenues during the first two months of 2024, on higher sales volumes following the launch of a new store format. Sergey Sakrisov, the Vice President of Novard, the parent company for Ekonika, noted that contrary to the past ...
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ArticleCard payments are increasingly popular in Germany
Card payments are becoming more and more popular in Germany. Last year, cashless transactions in the country reached record levels, with sales in brick-and-mortar retail exceeding €300 billion, a survey from the EHI research institute showed. Payment habits changed significantly during the Covid-19 years, and the shift largely persisted ...
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News briefs
Otto opens new headquarters in Hamburg
The German mail order company Otto has opened its new headquarters in Hamburg. The company invested over €100 million in the project. “Over a five-year construction period, a warehouse built in 1969 was transformed into a state-of-the-art New Work environment. In future, a total of 1,600 workstations, 170 meeting ...
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News briefs
Clarks’ CEO steps down
After two years in the job, Jonathan Ram has stepped down as the chief executive officer of Clarks. The British footwear group said that Ram had decided to leave to “pursue other opportunities” and thanked him for his “leadership and contribution to Clarks over the last two years.” According to ...
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News briefsNext warns on Q2 but confirms FY guidance
Next said first-quarter sales came in ahead of forecasts and maintained its guidance for the full year but warned that the next three months would be weaker due to wet spring weather. Full-price sales in the thirteen weeks to April 27 were up by 5.7 percent year on year, slightly ...
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News briefs
Hoka opens a store in Paris
Hoka is reinforcing its European retail presence with the opening of its first Parisian address. The new store is located at 35 Boulevard des Capucines, in a 140-square meter space formerly occupied by footwear label Bally, at walking distance from the historic Opéra and not far from the busy shopping ...
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News briefs
Columbia names a vice president for the Sorel brand
Columbia Sportswear Company announced that Michael Minter joined the company as Sorel’s vice president, brand, effective April 29. Minter has spent nearly 20 years in creative and marketing leadership roles for brands such as Sanuk, Billabong, Keen, DC, and Reef. Along with the Sorel brand, the group owns the labels ...
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News briefs
Denmark to ban PFAS in clothing and footwear
The Danish government has unveiled plans for a national ban on the use of per- and polyfluoroalkyl substances (PFAS) in clothing, footwear and sealants. “The proposed ban is a crucial step towards reducing emissions and will significantly benefit Denmark’s environment. It also sends a clear message internationally about the ...
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ArticleSteve Madden’s Q1 sales lifted by Europe
In the first quarter of 2024, Steve Madden posted a 19.1 percent growth in revenues to $552.4 million. Almost Famous, the business the group bought in October 2023 to expand its apparel business, contributed $41 million in revenues during the quarter. Excluding Almost Famous, revenues rose by 10.3 percent. Steve ...
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ArticleVida Shoes signs a licensing agreement for Merrell, Saucony kids footwear
Wolverine Worldwide has inked two new global licensing deals as part of its strategic evolution into a brand-focused growth entity. Vida Shoes International will take on the role of global licensee for Merrell and Saucony kids footwear under the first agreement. This partnership grants Vida rights to these products across ...
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ArticleRocky Brands' Q1 sales lifted by Durango and Xtratuf
Bolstered by double-digit sales increases for its Durango and Xtratuf footwear brands, Rocky Brands reported a 2.2 percent jump in first-quarter revenues to $112.9 million from $110.4 million. Excluding Servus, a brand divested in March, sales rose by 7.6 percent year-over-year. First-quarter wholesale sales were $79.8 million compared to $80.1 ...
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ArticleUS Q1 footwear sales flat year-on-year
In the first quarter of 2024, sales revenue for the US footwear industry remained unchanged year-over-year at $9.1 billion, while volumes rose by 1 percent, according to Circana. “The footwear market turned a corner in Q1,” said Beth Goldstein, footwear and accessories analyst at Circana. “After four consecutive quarters of ...
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Article
European Chemical Agency apologizes for misleading claims on leather goods
Following the complaint of the European leather and footwear industries, the European Chemical Agency (ECHA) formally apologized for wrongly conveying the impression that leather goods or footwear have possible cancer-causing properties because of the use of chromium VI (Cr VI), the Confederation of National Associations of Tanners and Dressers of ...
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News briefs
US court hearing on Tapestry, Capri merger due Sept. 9
Jennifer Rochon, a US District Judge for the Southern District of New York in Manhattan, has set Sept. 9 as the date for the hearing regarding Tapestry’s proposal to acquire Capri Holdings, according to Bloomberg. On April 22, the US Federal Trade Commission (FTC) decided to sue to block Tapestry’s ...
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News briefs
Hooijer Footwear Group takes over DACH sales for Spanish footwear company Toni Pons
The Dutch distribution and wholesale company Hooijer Footwear Group continues to expand its brand portfolio by taking over the distribution of Spanish shoemaker Toni Pons in Germany, Austria and Switzerland, collectively known as the DACH region. Hooijer was already responsible for the distribution of Toni Pons’s shoes in the ...
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News briefs
Skechers expands its presence in Belgium
Skechers opened its first store in Brussels in Rue Neuve. The 5,270-square-foot store houses the US brand’s footwear, apparel and accessory collections. With the planned openings in Kortrijk and Bruges, the brand will have seven stores in Belgium by mid-May.
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News briefs
Hue diversifies into footwear
Hue, the New York-based womenswear brand, is expanding into footwear with the launch of a new line of shoes, “Liflats”. The collection is set to hit the market in April 2024. Liflats will retail from $119 to $139.
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News briefs
Birkenstock opens its first flagship store in India
Birkenstock has opened its first flagship store in India. Spread over 1,600 square metres, the store is located in E-278, Durga Chambers, Linking Road, Mumbai. “We are thrilled to announce the opening of our first flagship store in India, marking a significant milestone in our commitment to the Indian market,” ...
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ArticleSkechers raises sales, profit guidance for 2024 as wholesale sales recovery kicks in
Skechers expects its sales will rise to between $8,725 million and $8,875 million in its 2024 financial year, up by 9 to 11 percent compared to the previous year, after wholesale sales posted a recovery in the first quarter and momentum continued in its direct-to-consumer (DTC) business. The guidance is ...
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ArticleMiu Miu x New Balance sneaker ranked hottest fashion item in Q1
The collaboration sneaker between the Italian fashion Miu Miu and New Balance was the first quarter’s “hottest product” in the fashion industry, according to the Lyst Index. Miu Miu, which is owned by Prada Group, also became the hottest fashion brand in the quarter overtaking its sister brand Prada, according ...
