Product & Marketing – Page 73
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News briefs
New head at Marco Tozzi
Christian Böhm is the new managing partner at the Wortmann Group’s subsidiary Marco Tozzi Shoes GmbH & Co. KG starting from June 1. Böhm, 42, will take the helm from Carsten Humke, who has been working for the Wortmann Group for 39 years and has been managing partner at Marco ...
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ArticleTod’s shareholder calls for higher bid price to delist company
Tabor Asset Management, a US investment company that has a 1.1 percent stake in Tod’s, is urging shareholders to reject a public tender to delist the Italian fashion group on the grounds that it does not fully value the company. On March 22, the Italian stock market regulator Consob approved ...
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News briefs
Craft Sportswear uses Vittoria tire technology for running shoes
The Swedish brand Craft Sportswear and the Italian bicycle tire firm Vittoria have teamed up to create the Craft Xplor, a running shoe that utilizes Vittoria gravel cycling technology. The Craft Xplor, inspired by the versatility of gravel bikes, is meant to provide the same hybrid capabilities, feeling like a ...
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ArticleH&M continues to target a 10% operating margin
In the first quarter ended Feb. 29, H&M Hennes & Mauritz significantly improved its bottom line as the Swedish fashion retailer strives to bolster its operating margins. The company saw sales gradually improve during the month of February thanks to “well-received” spring collections and confirmed its target of a 10 ...
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ArticleAsos, Boohoo, George at Asda commit to green claim rules in the UK
The UK’s Competition and Markets Authority (CMA) said that Asos, Boohoo and George at Asda have signed undertakings that commit them to an agreed set of rules around the use of green claims. The regulator also issued an open letter urging fashion retailers to review their claims and practices in ...
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ArticleAsos’ sales plunge 18% in the first half but guidance maintained
Asos reported a sharp fall in sales for the first half of its fiscal year due to slowing demand and large discounts to clear excess stock, but the British online fashion retailer insisted that its turnaround plan was on track and maintained annual guidance. Sales plunged by 18 percent in ...
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News briefs
Visa and Mastercard to cut fees for US merchants
Visa and Mastercard will reduce their fees following an antitrust class action settlement with US merchants, according to a statement released by the law firm Hilliard Shadowen LLP. The settlement is expected to generate at least $29.79 billion in savings for US merchants in the five years following approval of ...
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News briefs
Alibaba logistics unit Cainiao drops IPO plans
Alibaba announced that its logistics subsidiary Cainiao Smart Logistics Network Limited has withdrawn its initial public offering and listing application on the Hong Kong stock exchange. The Chinese online retailer plans to offer to minority shareholders of Cainiao, including employees, the possibility to sell all their shares for $0.62 per ...
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ArticleStella improves its operating profits despite a decline in sales
In 2023, Stella International Holdings bolstered its operating and net profits despite declining revenues, down by 8.5 percent to $1,493 million. Shipments slumped by 12.5 percent year-on-year to 49.0 million pairs, but the average selling price grew to $29.7 a pair from $28.5 in 2022. By product categories, ...
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ArticleShoe Carnival sees growth resuming this year
Shoe Carnival expects its top line to grow by 4.0 percent to 6.0 percent in fiscal year 2024 after falling by 6.8 percent to $1,176 million the year earlier, as the recent acquisition of Rogan’s Shoes, continued strength at the Shoe Station banner, e-commerce growth and improving trends at its ...
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News briefs
OTB takes over Calzaturificio Stephen
OTB, the Italian fashion group that owns the brands Diesel, Jil Sander, Maison Margiela, Marni and Viktor&Rolf, has bought a majority stake, through its unit Staff International, in the shoemaker Calzaturificio Stephen. No financial details have been disclosed. Founded in 1967 by Francesco Bertollo, Calzaturificio Stephen specializes in luxury women’s ...
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News briefs
French footwear sales rise in February
In February, French footwear retail sales rose by a seasonally and working-day adjusted 0.9 percent month-on-month, according to the Bank of France. In January, sales of footwear increased by 1.4 percent. Overall French retail sales rose by 0.2 percent month-on-month in February and sales of manufactured goods grew by 0.5 ...
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News briefs
Humanic continues to expand its retail network
The Austrian footwear chain Humanic continues to expand its retail network with the opening of three new stores, respectively in the southwestern German city of Karlsruhe and in the Austrian cities of Baden and Bregenz. In April, the retailer will open a store in Karlsruhe in the Ettlinger Tor ...
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News briefs
Paige launches a collection of men’s footwear
Paige, a Los-Angeles based premium denim brand, has launched its first collection of men’s footwear. The spring collection comprises four sneakers and two boots retailing between $228 and $378 a pair. The shoes are available on the brand’s website and stores. Paige introduced its first collection of women’s shoes in ...
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News briefs
Noat to launch a collection of dress shoes
Noat will launch a collection of dress shoes with 10 styles in the autumn called Ayelet by Naot. The Israeli footwear company is best known for its sandals. According to Footwear News, the dress shoes will be produced in Italy rather than in Israel, where most of the brand’s shoes ...
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News briefs
Erasmus+ ShoeGame is being rolled out
The Erasmus+ ShoeGame, a project aimed at attracting younger generations to study footwear manufacturing, will be available on its website by the end of March. On March 7 and 8, project partners from Belgium (European Footwear Confederation - CEC), Greece (CTD), Portugal (CTCP and Virtual Campus), Romania (Tuiasi) and Spain ...
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News briefs
Capri Holdings buys the Tuscan shoemaker Sicla
Capri Holdings has agreed to acquire the Tuscan shoemaker Sicla to bolster its manufacturing capabilities. In 2019, Capri had already bought a Tuscan shoemaker, Alberto Gozzi, located in Pistoia, which supplies the group’s three brands. Sicla produces for Jimmy Choo, the luxury footwear brand owned by Capri along with Michael ...
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News briefs
A/Impact invests in the Italian sustainable sneaker brand Id.Eight
A/Impact, a venture capital firm, backed by Avanzi - Sostenibilità per Azioni and the asset manager Etica SGR, investing in social and environmentally responsible projects, has decided to invest €350,000 in Id.Eight, a Florence-based sneaker brand that uses waste materials. The funds will help support the brand in its internationalization ...
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ArticleLloyd Shoes grows by 9% in 2023
Lloyd Shoes continued to grow last year “as a result of positive developments across all business areas”, despite a “difficult overall situation,” the German shoemaker announced. Sales were up by 9 percent in the 2023 financial year, climbing to €128 million, up from €114.95 million in 2022, when the ...
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ArticleGolden Goose’s sales rose 18% in 2023
In 2023, Golden Goose increased sales by 18 percent at constant exchange rates to €587 million, amid speculation that it is preparing to be listing on the Milan stock exchange. The Italian premium sneaker brand increased adjusted Ebitda by 19 percent to €200 million, and adjusted Ebit by 22 percent ...
