Product & Marketing – Page 80
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News briefsSchuh Austria to be held Feb. 13–15 in Salzburg
The Schuh Austria trade fair, which is scheduled to run from Feb. 13 to 15 at the Brandboxx exhibition center in Bergheim, on the outskirts of Salzburg, will host nearly 400 Austrian and international brands, including companies from the Netherlands, England and Italy. Held twice a year, in February ...
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ArticleStuart Weitzman’s sales trend improves
Stuart Weitzman, the premium footwear brand of the U.S. fashion group Tapestry, posted sales of $82.2 million in the fiscal second quarter ended on Dec. 30, down by 4 percent year-over-year on a reported basis and by 3 percent at constant currency rates. Despite still being negative, the trend was ...
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ArticleJimmy Choo’s Q3 sales and profitability decline
In the third fiscal quarter ended on Dec. 30, Jimmy Choo posted revenues of $166 million, down by 1.2 percent compared with the prior year on a reported basis and by 3.0 percent at constant currency rates. The brand’s retail sales were approximately flat, while wholesale revenue decreased by a ...
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News briefsZegna to build a footwear and accessories factory near Parma
Ermenegildo Zegna plans to build a new luxury footwear and leather-goods production facility near Parma, which will boost the group’s production capacity and promote Italian craftsmanship. The Italian fashion house said the new “cutting-edge center for excellence,” which will be constructed on a ten-hectare plot of land ten kilometers from ...
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ArticleHow Kidderminster Footwear weathered Brexit
Like other British exporters, Kidderminster Footwear suffered the double-whammy of the Covid-19 pandemic, which broke out in Europe in the latter part of the first quarter of 2020, and the UK’s departure from the European Union on Jan. 1, 2021, the so-called Brexit. The company states that its business, excluding ...
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News briefsChiara Ferragni rarely attended Tod’s’ board meetings
The Italian influencer Chiara Ferragni has rarely attended Tod’s’ board meetings since her appointment as director on April 21, 2021. According to the daily Il Sole 24 Ore, Ferragni took part in only three meetings out of 17, missing 82.4 percent of the total – a record for a ...
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ArticleVF starts a strategic review of its assets
VF Corp., whose current portfolio includes The North Face, Vans, Timberland and Dickies, has initiated a strategic review of its brand assets. The announcement comes after the company’s shareholder Engaged Capital made in October a presentation “highlighting the actionable and significant opportunities for long-term value creation at the company.” According ...
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News briefs
New Balance launches a resale program
New Balance has initiated a new resale program, allowing customers to browse and purchase pre-owned goods from the brand online. Dubbed “Reconsidered,” the program aims to enable customers to trade in their gently worn shoes via mail or in-store drop-offs in exchange for a voucher to use toward their next ...
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News briefsChristian Louboutin enters eyewear with Marcolin
The Italian eyewear company Marcolin and Christian Louboutin have signed an exclusive global licensing agreement for the design, manufacture and distribution of sunglasses and optical frames under the name of the French brand of luxury footwear. The deal, which runs until 2029, marks Christian Louboutin’s debut in eyewear. ”Christian Louboutin ...
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News briefs
Ugg creates new styles with old fabrics
California-based lifestyle brand Ugg has unveiled their latest innovation, dubbed ReImagined by Ugg. The offering includes new shoes crafted from leftover leather and suede. The collection introduces a fresh twist on the company’s classic models while also addressing the surplus materials accumulated from previous seasons. With this new iteration of ...
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ArticleParallel imports rise in Russia
Parallel imports of fashion goods in Russia are increasing despite calls by Russian footwear manufacturers for a clampdown. A surge in Russian shoe imports at the end of 2023 was primarily attributed to the parallel imports, disclosed Igor Ulyanov, vice president of the Russian union of light industry, Soyuzlegprom. In ...
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News briefsLululemon launches its first men’s collection
Lululemon has revealed its footwear offering for spring/summer 2024 with new casual and performance models, including the brand’s first men’s collection. 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 shoe, Blissfeel, for women. ...
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ArticleDeckers announces CEO change as record-breaking streak continues
After another record-breaking quarter, Deckers has announced that Dave Powers will retire as president and chief executive officer on Aug. 1 and will be replaced by the current chief commercial officer, Stefano Caroti. Powers retires after 13 years at the helm, during which Deckers grew explosively, although he will continue ...
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News briefs
Copardo launches capsule shoe collection with Gitta Banko
Sustainable high-end footwear brand Copardo has launched a first joint capsule collection with the influencer, creative director and entrepreneur Gitta Banko for the fall/winter 2024/25 season. The collection consists of five shoe styles: sandals, pumps, lace-ups, loafers and flat boots. The designs are based on Copardo’s flagship products in ...
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News briefsLong-standing Lowa managing director Werner Riethmann retires
An era comes to an end for the German mountain, outdoor and everyday footwear manufacturer Lowa as its long-standing managing director Werner Riethmann stepped down after more than 30 years in the role, retiring from active management. Riethmann, 75, will continue as a shareholder in the company with a ...
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ArticleLenzing, Recyc Leather launch Pélinova with Ganni’s Slouchy Boots
Lenzing, an Austrian producer of wood-based specialty fibers, has partnered with Recyc Leather, a leather alternative expert, to introduce Pélinova, an innovative material that fuses Lenzing’s Tencel Lyocell fibers and recycled leather fibers for high-end fashion applications. The duo joined forces with the Danish brand Ganni to bring the material ...
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ArticleSkechers cautiously optimistic on wholesale sales turnaround, DTC growth seen continuing
Skechers is cautiously optimistic about prospects for a turnaround in its wholesale business in 2024. Its direct-to-consumer (DTC) business is expected to continue growing, although likely at a slower pace than last year, as it reports that sales in the last quarter of 2023 inched up by 4.4 percent to ...
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News briefsZegna’s FY sales reach €1.9bn
Ermenegildo Zegna, the owner of the Zegna and Thom Browne brands and exclusive licensee for the Tom Ford Fashion business, says that full-year revenues for 2023 have come in at €1.9 billion, up by 27.6 percent year-over-year and by 29.7 percent on a constant currency basis, with an organic growth ...
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ArticleBoot Barn sees Q4 sales drop as same-store sale headwinds continue, bad weather hurts business
Boot Barn now expects sales for fiscal year 2024 to stagnate, once again cutting its top-line guidance as revenues from new stores are offset by a continued decline in same-store sales and after poor weather in January led to a “significant disruption” in business and contributed to a sharp decline ...
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ArticleNRW-Forum in Düsseldorf showcases sneakers in upcoming exhibition
From popular street shoes worn by billions of people throughout the world to cult objects that epitomize a lifestyle, reflect socio-cultural changes over the years, and even enter the realm of high fashion: sneakers take center stage at a new exhibition opening on Feb. 17 at the NRW-Forum in Düsseldorf, ...
