Product & Marketing – Page 90
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ArticleCaleres sees Famous Footwear sales continuing decline in Q4, growth at Brand Portfolio
Caleres expects sales at its Famous Footwear chain will continue to decline in the fourth quarter of its financial year at roughly the same pace seen in the third quarter, while its Brand Portfolio segment is poised to resume year-on-year growth. In the third quarter ended Oct. 28, sales at ...
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News briefs
Frankie4 opens a flagship store in Seattle
Frankie4, an Australian women’s footwear, has opened a permanent store, its first in the U.S., at the Bellevue Collection mall, located outside Seattle. The store was designed by JPC Architects and features 1,844 square feet of retail space. The store follows the success of a pop-up location in Bellevue Square ...
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ANWR launches new sports and outdoor trade fair format
The German footwear buying group ANWR has launched a new trade fair format focusing on the sports and outdoor footwear segment. The new ANWR Order Lifestyle-Sport & Outdoor fair will be held on Dec. 12 and 13, 2023 in ANWR’s Mainhausen Campus, near Darmstadt. So far, around 50 ...
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Gerry Weber to be delisted
The German fashion group Gerry Weber is set to undergo a capital cut and to delist from the stock market as part of its restructuring plan, which was confirmed on Oct. 25 by the Essen Restructuring Court. The plan, which also includes a €50,000 capital increase, “was approved with ...
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Aku inaugurates a new production line
Italian-based outdoor footwear maker Aku has inaugurated a new line of production at its factory in Montebelluna. The new state-of-the-art machine for outdoor and professional footwear reportedly represents an investment of €1.3 million. The project has been developed in partnership with Stemma, also an Italian company which specializes in the ...
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Xero Shoes hires new directors for design and product merchandising
Colorado-based barefoot footwear specialist Xero Shoes has hired Kristina Funck as design director and Megan Elias as director of product merchandising. As design director, Funck will lead Xero Shoes’ design strategy, innovation and seasonal storytelling. She has contributed to the design development and success of several global footwear brands, including ...
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New Balance starts construction of new factory in New England
New Balance has begun construction of a 9,500-square meter factory in Londonderry, New Hampshire. It is the first factory in the state and the sixth footwear manufacturing facility in the U.S.. The investment totals $70 million, will create more than 150 jobs and is expected to be operational by 2025. ...
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Tod’s joins the Aura Blockchain Consortium
Tod’s has joined the Aura Blockchain Consortium, securing digital product passports for the handbag Di Bag.“Using Aura Blockchain technology and the NFC tag that guarantees its authenticity and traceability, you are able to access all the information about the bag and its supply chain directly through your smartphone. This unique ...
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ArticleGolden Goose’s revenues rise by 19% in the first nine months
Golden Goose’s revenues in the first nine months of 2023 stood at €421 million, up by 19 percent year-over-year and up by 60 percent compared with 2021. The brand achieved 69 percent through direct-to-consumer channels. In the sole third quarter of 2023, revenues of the Italian sneaker brand were up ...
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News briefs
Ralf Ringer faces bankruptcy due to a dispute with the tax authorities
Ralf Ringer, a prominent Russian footwear retailer, faces the risk of being declared bankrupt for failing to pay the lease for a manufacturing facility. The company is locked into a dispute with the Russian tax authorities, which has blocked its bank accounts. As a result, the footwear retailer has missed ...
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ArticleCoats’ sales trends improve in H2
In the four months running from July 1 to Oct. 31, Coats’ overall revenues fell by a reported 9 percent year-on-year, while organic revenues dropped by 12 percent at constant currency rates, an improvement on the first half of the year. In the first six months of 2023, organic growth ...
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News briefs
Generational change at Schneider Schuhe
A new generation has taken the helm at the Swiss footwear and fashion retailer Schneider Schuhe as Monika and Ueli Schneider handed over the family business to Helen and Samuel Schneider. The company said in a statement that the move, which marks a generational change from the 6th to ...
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ArticleGruppo Florence plans a Milan-based ‘hub’ in 2024
Gruppo Florence, an Italian holding company that owns 28 suppliers to the luxury goods industry, including three footwear manufacturers, is planning to create a “hub” in Milan to exhibit the know-how of its various businesses. The hub dubbed “villaggio delle meraviglie” (the village of wonders) by Gruppo Florence’s CEO, Attila ...
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News briefs
Chaussea’s parent buys Pataugas
VGM Holding, which owns the French footwear retailer Chaussea, has bought the footwear brand Pataugas from the Hopps Group. No financial details were released. Created in the Basque region of France in 1950, Pataugas is particularly well-known in France for its comfortable walking shoes with rubber soles. The brand was ...
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ArticleISPO Munich 2023: 7 extraordinary speakers you can’t miss
ISPO Munich has put together an impressive line-up of speakers. We present our top pick of 7 speakers you shouldn’t miss.
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ArticleShoe Carnival sees Q4 comparable sales down 9-12%, cuts FY guidance after disappointing Q3
Shoe Carnival forecast that comparable sales would decrease by 9 to 12 percent in its fourth quarter ending in January 2024 and cut its guidance for the full year, amid limited visibility on consumers’ buying behavior in the upcoming holiday season and after unseasonably hot weather in September and October ...
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ArticleHow an Italian shoe maker is dealing with the change of aspirations of its workers
The footwear industry in Italy, as in many other developed countries, is having to tackle with an aging workforce and a lack of appeal for young people, which has resulted in a shortage of skilled staff. But, the situation is aggravated by growing competition for resources from well-funded brands which ...
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Prada COO reportedly leaves for Gucci
Massimo Vian, the chief operating officer of Prada Group, will quit on Nov. 30 to join Gucci, according to various media reports. Vian started with the Italian fashion group in May 2020. His position will be held on an interim basis by Prada Group’s CEO, Andrea Guerra. Separately, fashionmagazine.it reported ...
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Scarpa could sell a 25% stake to an outside investor
Scarpa is believed to have hired the investment bank Finint to find an investor ready to buy an about 25 percent in the Italian footwear company, according to the daily Corriere della Sera. The transaction would enable the company to raise funds to accelerate its expansion, which could include acquisitions, ...
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Christian Louboutin, Meta jointly sue an alleged Mexican counterfeiter
Christian Louboutin and Meta Platforms, which owns the social networks Instagram and Facebook, filed a joint lawsuit in the U.S. against a Cesar Octavio Guerrero Alejo, who allegedly sold counterfeit products from Mexico. According to the complaint filed with the U.S. District Court for the Northern District of California, the ...
