Product & Marketing – Page 74
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ArticleTempe to build a new distribution center in Valencia region
Tempe, the footwear unit of Inditex, will build a new 141,000 square-meter distribution center in the Valencia region. The announcement was made by Inditex which plans to invest €900 million a year in 2024 and 2025 to increase its logistics capacity. The other projects include a new 286,000 square-meter distribution ...
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ArticleLululemon says response to footwear collection exceeds expectations
Lululemon said that the response to the launch in February of its new footwear collection, which includes its first models for men, “is exceeding” expectations. The Canadian producer of performance apparel for yoga, running and training entered the footwear market in March 2022 with the launch of its first running ...
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ArticleNext maintains its guidance despite expectations of lower full-price sales
Next maintained its guidance for the year ending in January 2025 despite warning that growth in full-price sales could slow down. The British fashion company said it is still expecting pre-tax earnings of £960 million (€1.12bn) based on a 2.5 percent increase in full-price sales, with a 5 percent rise ...
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News briefs
Italian regulator clears bid to delist Tod’s
The Italian stock market regulator Consob has approved the prospectus for the offer on Tod’s launched by the investment vehicle of L Catteron, a private equity firm backed by the French luxury goods group LVMH. The bid is for 9,255,498 ordinary shares, representing 27.968 percent of the share capital of ...
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ArticleDesigner Brands hit by a weaker footwear market
Designer Brands reported a decline in fourth-quarter sales due to a deterioration of the footwear market in North America. When announcing the results for the quarter ending on Feb. 3, the CEO, Doug Howe, said that the footwear company enjoyed a rebound in the latter part of the period but ...
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News briefs
Roam opens a store in Los Angeles
The California-based footwear brand Roam has opened its first store in Los Angeles. The 1,000 square foot store is located in the Glen Centre. It offers the brand’s footwear, apparel and accessories. Launched in 2018, Roam specializes in women’s sandals comprising vegan materials, a certifiable Bio Eva outsole derived from ...
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News briefs
Générale pour l’Enfant placed into receivership
Générale pour l’Enfant (GPE), the parent company of the French brands Du Pareil Au Même (DPAM), Sergent Major and Natalys, was placed into receivership on March 14, according to the news agency AFP, citing a ruling by a commercial tribunal based in Bobigny, near Paris. GPE suspended payments on March ...
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ArticleCaleres to bolster international presence with “outsized investments”
Caleres is focusing first on China as part of a strategy to build its international business, announcing the opening of 45 new Sam Edelman stores in the country this year and the return of its Naturalizer brand to China with 10 new stores in autumn 2024 and a digital relaunch. ...
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News briefs
Vince Camuto extends apparel license with BCI
Authentic Brands Group has renwewed Vince Camuto’s apparel licensing agreement with BCI Brands. Through the extension, BCI will continue to serve as the brand’s licensing partner for its core women’s apparel category until the end of 2030, with two consecutive five-year renewal options to follow. “BCI is proud of the ...
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News briefs
Heydude launches in the UK
Heydude, the casual footwear brand owned by Crocs, debuted in the UK on March 20. The brand was launched in 191 doors and through a country specific website.
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ArticleSpartoo posts a positive free cash flow
Spartoo booked a positive free cash flow of €0.7 million in 2023, compared with a negative €23.6 million in 2022, due to a reduction in working capital, thanks to a decrease in inventories, as well as a drop in investments to €1.3 million from €2.9 million. The group’s inventory fell ...
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ArticleDeichmann continues to grow in 2023
Deichmann continued to grow in 2023 despite difficult business conditions, especially in its home market. The German footwear retailer, which is present in 34 countries, generated gross revenues of €8.7 billion, or a net €7.4 billion, in 2023, up by just over 7 percent on a currency-adjusted basis. Like-for-like sales, ...
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News briefs
The German fashion retailer Sør files for bankruptcy
Bonavest GmbH, the owner of the German multi-label retail chain Sør, has filed for bankruptcy as falling sales, high rents, as well as increasing energy, logistics and personnel costs took a heavy toll on the company. The Mönchengladbach-based retailer, which operates 24 stores and an online shop, applied for ...
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News briefs
Exor, WWICL invest in the fashion brand Subdued
The holding company Nuo has acquired a 30 percent stake in Osit, a Rome-based company active in the teenage fashion segment with the brand Subdued, for about €70 million. Nuo is equally owned by Exor, the holding company owned by Italy’s Agnelli family, and the Hong Kong family office The ...
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ArticleGabor’s sales are steady
The German shoe manufacturer Gabor Shoes reported steady sales in the fiscal year 2023 after a sharp rebound in 2022 and announced a management reorganization. The company, based in Rosenheim, in Upper Bavaria, said that total sales of all brands including licenses reached €322 million last year, less than 1 ...
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ArticleKazakhstan sees a rise in footwear imports as local production remains low
Kazakh footwear manufacturers only covered a tiny part of domestic demand, and their market share is shrinking, a recent research showed. In 2023, Kazakh footwear companies manufactured 1.8 million pairs of shoes, up by 3.6 percent compared with the previous year, according to the Bureau of National Statistics. But last ...
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ArticleShoepassion’s creditors clear its restructuring plan
Shoepassion’s creditors have cleared its restructuring plan, the insolvent Berlin-based footwear company said. The plan was confirmed by the Berlin-Charlottenburg district court. The omnichannel company started insolvency proceedings under self-administration on March 6 last year, joining a host of footwear companies swept away by a tidal wave of bankruptcies ...
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News briefs
Caleres hires Liz Dunn as head of corporate development and strategic communications
Liz Dunn has joined Caleres as Senior Vice President of corporate development and strategic communications. “In this newly created role, Dunn will leverage her nearly 30 years’ experience spanning equity research, investment banking, consulting, and finance to ensure Caleres aligns its growth ambitions and strategic communications with delivering shareholder value. ...
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News briefs
Shoe Carnival hikes its dividend
Shoe Carnival’s board has approved the payment of a quarterly cash dividend of $0.135 per share, representing a quarterly increase of 12.5 percent and an annualized dividend rate of $0.54 per share. The quarterly cash dividend will be paid on April 22 to shareholders of record as of the close ...
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ArticleHeydude is the hottest casual footwear brand in the US - Brand Heat Index
Heydude is the hottest casual footwear brand, both among men and women in the US, while Allbirds fell out of the top 10 both for men and women, according to the 2024 U.S. Footwear and Apparel Brand Heat Index released by L.E.K. Consulting. “In 2024, competition in the footwear space ...
