Product & Marketing – Page 9
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ArticleFormer Görtz CEO Frank Revermann takes over Onygo
Görtz’s former CEO Frank Revermann took over Deichmann’s sneaker and streetwear subsidiary Onygo, said the former parent company confirming media reports. At the beginning of October, Deichmann announced that Onygo would cease operations by August 2024 at the latest, citing major structural changes in the fashion retail sector, exacerbated ...
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Allbirds finalises distribution agreements in Japan and Australasia
Allbirds has finalized two distribution agreements in Australasia and Japan. With the completion of the deals, Allbirds has transitioned four international regions from direct selling to a distributor model. The shift from a direct go-to-market model to a third-party distributor model is one of the key pillars under Allbirds’s previously ...
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ArticleFerragamo’s full-year profits shrink on weaker sales, higher investments
Salvatore Ferragamo’s full-year net profit plummeted by 59 percent to €26 million as total revenues fell by a reported 7.6 percent, and 8.1 percent in local currencies, to €1,157 million, with all categories, channels and regions, except the Europe, Middle East and Africa (EMEA) area, lower. The company had already ...
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ArticleFootwear sales rose by 4% in 2023 in Germany while 15% of stores closed
Footwear retail sales in Germany increased in 2023 by approximately 4 percent, or €480 million, to €11.6 billion (including VAT), despite a few spectacular bankruptcies, estimates from the country’s textile, shoes and leather goods trade association, BTE, showed. The figure includes brick-and-mortar shoe stores (€6.8 billion), online sales (€2.7 ...
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ArticleGrendene’s Q4 bottom line underpinned by lower raw material costs
Grendene realized 13 percent year-over-year Ebitda growth to 168.2 million Brazilian reais (€31.3m) in the fourth quarter of 2023, while the net profit grew by 20 percent higher to R$243.0 million (€45.2m) as lower raw material costs offset weak sales. Fourth-quarter net revenues slipped by 0.4 percent to R$760.8 million ...
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Teva celebrates 40th anniversary with ‘Where to Next?’ campaign
Born in the Grand Canyon in 1984 by a resourceful river guide looking for a way to prevent sandals from floating downstream, the US outdoor footwear brand Teva introduced the world to the first sport sandal. To celebrate this major milestone, the brand, a division of Deckers Brands, has introduced ...
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Footasylum appoints a new CEO
Barry Bown, the CEO of Footasylum, is set to transition into a consultancy role with Aurelius, the company’s owner. Bown was CEO for nearly six years and during his tenure he saw significant growth, with the company’s revenues climbing by 7 percent to £320 million (€374m) and Ebitda reaching an ...
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Style Capital reportedly close to finalizing deal to buy Autry
The Italian private equity group Style Capital is about to close a deal to acquire a majority stake in the Italian sneakers brand Autry that would value the company at €300 million, according to media reports. Il Sole 24 Ore has reported that Style Capital could purchase 50.1 percent of ...
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Footasylum’s annual sales and profits surge
The British retailer Footasylum saw its sales and profits for the year to Jan. 27, 2024 surge, driven by store openings and the implementation of an omnichannel point-of-sale system. The retailer opened a 1,850 square meter flagship in London’s Oxford Street in September, among other openings. Revenues in the year ...
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ArticleC-Suite interview: Sioux sees light at the end of the tunnel in the German footwear market
Despite overtaking Japan to become the world’s third largest economy, Germany is a matter of concern for many observers due to its weak economy and depressed consumer confidence. In a comprehensive interview with Shoe Intelligence, Lewin Berner, the CEO of the German footwear company Sioux outlines his view about the ...
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ArticleSpanish footwear exports rose in value but slipped in volumes in 2023
Spanish footwear exports totaled €3,260 million in 2023, up by 6.6 percent compared to the previous year when exports breached the €3 billion threshold for the first time. In 2022, exports rose by 22 percent to €3,056 million, according to data released by Fice, the Spanish footwear association. However, in ...
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Falc’s 2023 sales total €95m
Falc finished 2023 with sales of nearly €95 million and expects to grow slightly in 2024, which marks the 50th anniversary of the Italian footwear group, the CEO Salina Ferretti, told fashionmagazine.it. Created in 1974, Falc has six brands: Falcotto, Naturino, Voile Blanche, W6YZ, Flower Mountain and Candice Cooper. ...
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Bata joins the Leather Working Group
Bata has joined the Leather Working Group (LWG), a non-profit organization promoting responsible leather by minimizing the environmental impact of its production through a suite of tools and environmental, social and corporate governance (ESG) certification. “By joining forces with LWG, we gain the tools to adopt cleaner solutions, reduce ...
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ArticleBrazilian brands generate $31.7m in business at Micam
Brazilian brands generated $31.7 million in business, through on-site and pre-arranged deals at Micam, the footwear fair which ran from Feb. 18 to 21 at the Fieramilano Rho exhibition center at the outskirts of Milan. The event focused on the autumn/winter 2024-2025 season. The Brazilian delegation, which comprised 76 brands, ...
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ArticleBirkenstock reassures investors on profits, makes progress in closed-toe shoe sales
Birkenstock reassured investors that the pressure on profits from its ongoing production capacity investments is only temporary and will set the stage for future expansion. The company confirmed its guidance for top-line growth of 17-18 percent at constant foreign exchange rates in the current fiscal year. Sales in the first ...
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Kuehne+Nagel buys City Zone Express
Kuehne+Nagel, the Swiss logistics group, has entered into an agreement to acquire City Zone Express, a subsidiary of Chasen Holdings, a Singapore-listed company. Headquartered in Malaysia and established in 2006, City Zone Express has over 500 employees and operates in Malaysia, Singapore, Vietnam, Thailand, and China. The company has a ...
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GXO Logistics bids for Wincanton
GXO Logisticsis is offering 605 pence (€7.06) per share for the British logistics firm Wincanton, outbidding CEVA Logistics, a French logistics and supply chain company. CEVA, a unit of French shipping group CMA CGM, recently upped its offer to buy Wincanton to 480 pence (€5.60) per share from a previous ...
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ArticleRocky Brands’ Q4 sales fall 9.3% amid unexpected headwinds
Rocky Brands reported sales of $126.0 million in the fourth quarter of 2023, down by 9.3 percent compared to the year earlier but still an improvement on the previous quarter and the slowest rate of sales decline for the year. Sales were down by 6 percent when service brand sales, ...
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Creditors approve Schuhhaus Kocken’s restructuring plan
The creditors of the insolvent German shoe retailer Schuhhaus Kocken GmbH & Co unanimously cleared the company’s restructuring plan, which was then confirmed by the Mönchengladbach district court. The family-run retailer started insolvency proceedings under self-administration at the end of August 2023, after taking a hit from sluggish ...
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SAC changes names to Cascale
The Sustainable Apparel Coalition (SAC), a global nonprofit alliance that promotes sustainable business practices in the consumer goods industry has changed names to Cascale. The “Cas” in Cascale is “SAC” reversed, while “CA” refers to “collective action,” and “scale” references scaled ambitions, according to a statetement. Cascale comprises over 300 ...
