Product & Marketing – Page 96
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ArticleVF shareholder pushes for turnaround plan
In a presentation, California-based activist investor Engaged Capital outlined that the parent company of Vans, The North Face (TNF), Timberland, Supreme and others is suffering from bloated overhead that is driving down shareholder value and called for a more detailed turnaround plan for VF Corp. It said that the overhead ...
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News briefs
H&M issues a maiden €500m green bond
H&M has issued an inaugural €500 million euro green bond with a maturity of eight years under its Euro Medium Term Note (EMTN) programme. According to the Swedish fashion retailer, the bond “generated great interest among a broad international base” of institutional investors and was more than 3.5 times oversubscribed. ...
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ArticleSalamander and Klauser find a new owner
The German footwear retailers Salamander Deutschland GmbH & Co KG and Schuhhaus Klauser GmbH & Co KG have found a new owner. Prime Footwear Investors AG, backed by a group of experienced managers and retail experts, is taking over the two companies, according to the insolvency administrator Christian Holzmann. A ...
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News briefs
AstorMueller names Achim Tischer head of women’s footwear
The Swiss shoe manufacturer AstorMueller has bolstered the management of its women’s footwear division with the appointment of the shoe veteran Achim Tischer to the newly created role of vice president Product Women. Tischer is now responsible for women’s footwear for all the company’s brands, including Bugatti and Salamander, ...
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ArticleFirst Italian companies ready for ESG certification under trade association’s aegis
Out of the nine companies that have engaged into a self-assessment of environmental, social and governance (ESG) performances under the aegis of Assocalzaturifici, the Italian footwear association, three are now ready to enter the certification phase. The audit phase, which will be carried out by ICEC, an independent certification institute ...
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News briefs
Online retailers enjoy a surge in footwear sales in Russia
During the first half of 2023, Ozon registered a threefold rise in turnover in the fashion segment. Ozon, Russia’s second largest marketplace, said that footwear and clothing remain one of the fastest-growing categories. In general, the company estimated that half the shoes or other fashion items in the country this ...
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ArticleShoe Zone's FY revenues rise 6.1%
Shoe Zone said that in the full year ended Sept. 30 revenues increased by 6.1 percent year-on-year to £165.7 million (€190.9 million), with store revenues growing to £134.8 million (€149.6m) from £129.8 million and digital revenues increasing to £30.9 million (€35.6m) from £26.4 million. Digital revenues now represent 18.7 percent ...
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News briefs
Metro Brands opens its 800th store in India
On Oct. 17, the Indian footwear retailer Metro Brands Limited opened its 800th store in its home country. Located in the Banjara Hills area of Hyderabad, the store, which operates under the FitFlop banner, has a total retail space of 716 square feet and is part of the group’s plans ...
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ArticleFrasers to acquire SportScheck in Germany
The British retailer Frasers Group has entered into a binding agreement with Signa Retail Department Store Holding GmbH to acquire SportScheck, one of the leading sports retailers in Germany. Completion of the transaction will be subject to regularory clearance. Frasers expects the transaction to close in the first quarter of ...
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News briefs
Timberland appoints new CMO
Timberland has hired Maisie Willoughby as the brand’s new vice president and chief marketing officer, effective Oct. 16. In her new role, Willoughby will drive the global brand strategy and vision for Timberland, which is owned by VF Corp. The company said she will lead the global marketing team in ...
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News briefs
Footway’s sales fall, losses widen in Q3
Footway Group AB, the Swedish operator of specialized online stores, which has been undergoing restructuring since July 25 this year, has presented its latest figures for the third quarter of the current fiscal year. Sales amounted to 136 million Swedish kroner (€11.77m) compared to SEK 261.6 million (€22.63m) in the ...
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ArticleCCC Group posts softer sales in Q3 led by the CCC and eobuwie banners
With most of its fiscal third quarter over, CCC Group has registered softer sales, amid above average temperatures through September and weakened “but slowly recovering” consumer demand. In the period from Aug. 1 to Oct. 10, sales at the Polish footwear and fashion group were down by 4 percent compared ...
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News briefs
Caleres rolls out Bluecore’s platform across its brands
Bluecore, a retail shopper identification and customer movement technology, announced that Caleres is implementing the platform across its portfolio of brands. It was selected by the U.S. footwear group to help identify, personalize, and orchestrate automated marketing across the customer lifecycle and will become a key component of Caleres’ marketing ...
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ArticleThe Chinese brand Zuliz opens its first store abroad
The Chinese footwear brand Zuliz has opened a store in Singapore, its first outside China as it starts its internationalization. The store was opened in the mall Chinatown Point. During the soft opening period that ran from Oct. 1 to Oct. 6 the store exceeded $17,600 (€12,200) in revenues. It ...
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News briefs
BTE elects Mark Rauschen as its president
Germany’s textile, shoes and leather goods trade association BTE has a new president. Mark Rauschen, 49, managing partner of the Osnabrück-based fashion house L&T Lengermann & Trieschmann, was unanimously elected by BTE’s delegate assembly, the trade association announced. The outgoing president, Steffen Jost of the Jost fashion house, ...
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News briefs
Frasers increases its stake in Boohoo again
Frasers Group has increased its stake in the online fashion retailer Boohoo to 13.44% from 10.42%, according to a stock exchange filing. The British retailing group has been building up a stake in Boohoo. It previously said that it saw “potential synergies and an opportunity to strengthen our own brand ...
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ArticleBrazilian shoemakers are relying on domestic demand to grow
Brazilian footwear manufacturing are having to rely on domestic consumption, which is supported by growing purchasing power, to bolster production this year as exports drop due to weaker demand in key markets such as the U.S. and the return of Chinese companies on international markets after having been constrained by ...
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ArticleA weak ruble pushes up footwear prices in Russia
Russian footwear retailers anticipate prices to soar in the next few months following the weakening of the national currency. The Russian ruble has dropped by nearly 30 percent this year against the U.S. dollar as a result of a collapse in export revenues and growing budget spending, making it one ...
