Product & Marketing – Page 69
-
News briefs
Lowa Austria hires new sales manager
The German mountain, outdoor and everyday footwear manufacturer Lowa has hired a new Head of Sales for its Austrian business. Footwear expert Bernd Fürthbauer, who took up the role at the beginning of April, will be responsible for developing and implementing sales strategies. The 46-year-old has many years of experience ...
-
News briefs
Zvelle discontinues women’s footwear
The Canadian footwear brand Zvelle will discontinue its women’s collection to focus solely on men’s shoes. Founded by Elle AyoubZadeh in 2016, the brand started with women’s shoes and diversified into men’s shoes a year ago.
-
ArticleGörtz moves to new headquarters
The Hamburg-based shoe retailer Görtz is leaving its current headquarters in the Hanseatic city’s Semperhaus on the Spitalerstraße, on the fourth and fifth floors of the historic Kontorhaus district building, and moving to a new, smaller location following a downsizing of its workforce. The new headquarters are located a ...
-
News briefs
Hermès’ sales beat market expectations
Hermès’ revenues amounted to €3,805 million in the first quarter of 2024, up by 12.6 percent at current exchange rates and by 17.0 percent at constant exchange rates from the previous year with growth in all geographical areas. The top line beat market expectations by about €120 million. Sales of ...
-
News briefs
Deckers creates the role of president of global marketplace
The US company Deckers Brands, owner of a portfolio of brands including Ugg, Koolaburra, Hoka, Teva, Sanuk and Ahnu brands, has promoted Marco Ellerker to the newly created role of president of global marketplace, effective Aug. 1, 2024. Ellerker has served in various operational roles at Deckers since 2017, most ...
-
News briefs
Veja opens a store in London
The French sustainable sneaker brand Veja has inaugurated its first store in London in the Seven Dials district. Nestled at 45 Monmouth Street, the 140-square-meter boutique showcases the brand’s footwear collection, complemented by an onsite cobbler station for sneaker and shoe repairs and cleaning services, catering to all brands. Veja ...
-
ArticleMajo-Schuhe takes over three MyShoes stores
The family-run company Majo-Schuhe has acquired three stores from the footwear retailer MyShoes, a spokesman for the latter’s parent company Deichmann said, according to media reports. The takeover of the stores in Bad Vilbel, Friedrichsdorf and Groß-Gerau, in the Rhine-Main area, secures the jobs of 44 of the employees ...
-
ArticleTheo Henkelman Footwear buys Bullboxer trademark rights for Europe
The Dutch footwear group Theo Henkelman Footwear has acquired the trademark rights to Bullboxer in Europe. The move marks the end of months of uncertainty for the Dutch brand, after in February the previous parent company, Unlimited Footwear Group (UFG), filed for bankruptcy. With the acquisition of the ...
-
News briefs
Diadora’s sales totaled €304m in 2023
Diadora’s sales totaled €304 million in 2023, a year during which the Italian brand terminated some commercial partnerships to focus on its core categories: running, tennis and soccer. Sales for the core categories were up by 16 percent compared with 2022, according to the daily Il Sole 24 Ore. The ...
-
News briefs
Zegna weighed down by Thom Browne
Ermenegildo Zegna’s revenues stood at €463.2 million in the first quarter, up by 8.1 percent year-on-year. The top line was up by 10.7 percent at constant currency but fell by 5.3 percent on an organic basis. Revenues for the Zegna segment amounted to €324.9 million, up by a reported 1.7 ...
-
ArticlePrada Group’s sales driven higher by Miu Miu
In the first quarter of 2024, Prada Group’s revenues rose by 11 percent to €1,187 million, driven by the Miu Miu brand and beating market expectations by nearly €50 million. At constant exchange rates, the top line was up by 16 percent. Retail sales totaled €1,071 million, up by 12 ...
-
ArticlePrimark’s sales, earnings rise
A strong rise in half-year profits at Primark helped Associated British Foods (ABF), the parent company of the fast-fashion retailer, lift its annual earnings guidance. Primark’s revenues rose by 7.5 percent to £4.5 billion (€5.23bn), while adjusted operating profit – the company’s preferred measure – was 46 percent higher at ...
-
ArticleUS regulator moves to block Tapestry’s acquisition of Capri
On April 22, the US Federal Trade Commission (FTC) decided to sue to block Tapestry’s $8.5 billion acquisition of Capri Holdings. However, the companies plan to defend their case in court and to complete the transaction by the end of 2024. “If allowed, the deal would eliminate direct head-to-head competition ...
-
ArticleGolden Goose’s revenues rise 11% in Q1
Golden Goose said that in the first quarter of 2024 revenues rose by 11 percent year-over-year on a reported basis and by 12 percent at constant exchange rates, while “maintaining strong margins.” Revenues of the direct-to-consumer channel grew by a reported 18 percent and 20 percent at constant exchange rates, ...
-
ArticleJD Sports to buy Hibbett for about $1.1bn
JD Sports has entered into a binding agreement to acquire the Nasdaq-listed retailer Hibbett at $87.50 per share in cash. The bid implies an equity value of $1.083 billion (£878 million) and an enterprise value of $1.109 billion (£899 million). JD Sports expects to fund the transaction, and refinance Hibbett’s ...
-
News briefs
German online footwear sales stabilize in the first quarter
Online clothing sales in Germany fell slightly in the first quarter of 2024, but footwear logged a small increase, a survey from the Federal association of e-commerce and mail order trade, BEVH, showed. While online sales of clothes dropped by 1.2 percent to €3.286 billion in the first quarter ...
-
News briefs
French footwear sales rise further in March
In March, French footwear retail sales rose by a seasonally and working-day adjusted 2.5 percent month-on-month, according to the Bank of France. In February, sales of footwear increased by 1.6 percent. The reading was revised up from a preliminary 0.9 percent. Overall French retail sales rose by 0.5 percent month-on-month ...
-
News briefs
Stella sales up nearly 19% in Q1
Stella International reported an 18.9 percent increase in consolidated first-quarter revenues to $338.4 million from $284.6 million a year. Revenues from manufacturing grew by 17.6 percent to $326.3 million. Shipment volume increased by 21.9 percent year-over-year, led by the sports category, to 11.7 million pairs. However, the average selling price ...
-
ArticleAustrian footwear retail under pressure but Deichmann enjoys steady growth
The Austrian footwear retail sector has undergone a dramatic transformation in recent years, encountering new challenges amid a profound shift in consumer behavior, a survey from the market research company RegioData showed. Since 2014, the number of stores in the country has dropped by a whopping 23 percent as ...
-
ArticleThe Platform Group posts strong 2023 sales
German e-commerce company The Platform Group (TPG), the owner of online footwear retailer Schuhe24 and other fashion platforms, reported strong full-year results for 2023, with sales and profits on the rise. The company said in a statement that in the 2023 financial year, gross merchandise value (GMV) increased by 19 ...
