Product & Marketing – Page 99
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News briefs
Ralph Lauren expands its presence in Canada
Ralph Lauren is expanding Canada with the launch of dedicated digital commerce and the opening of a Ralph Lauren store in the country. The store was opened in Toronto’s Yorkdale Shopping Centre and is the first in a planned expansion in Canada, building on the company’s existing wholesale and outlet ...
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News briefs
E-commerce sales continue to grow in Europe, but at a slower pace
In 2022, B2C European e-commerce grew to €899 billion, representing a 6 percent growth from 2021, according to the 2023 European E-commerce Report. The growth rate decreased from a 12 percent growth in 2021. The deceleration was attributed to saturation in e-commerce markets after the fading of the Covid-19 pandemic ...
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News briefs
Kurt Geiger opens Oxford Street store
Kurt Geiger has opened a 2,916 square-foot store on the corner of Oxford Street and Holles Street in London. The British footwear and accessories brand is also planning the opening of stores in the Americas over the coming months. In October, the brand will open three stores in Mexico with ...
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News briefs
Stuart Weitzman in an eyewear license deal with Safilo
Stuart Weitzman, the New York luxury footwear brand owned by Tapestry, has entered into an exclusive global licensing agreement with Safilo that runs through June 2029. Under the deal the Italian eyewear company will design, manufacture and distribute Stuart Weitzman branded sunglasses and optical eyewear collections. The first collection will ...
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ArticleAsos lowers guidance as wet summer hits U.K. sales
The British online fast fashion retailer Asos said that operating profits for the full year will come in at the bottom end of expectations and free cash flow will be significantly lower than guidance after domestic sales in July and August were hit by wet weather. In a fourth-quarter trading ...
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News briefsAPL’s partnership with True Fit led to 15% drop in returns
A partnership between Athletic Propulsion Labs (APL), an American brand of luxury performance athletic footwear, and True Fit, an artifical intelligence driven fit platform, has led to a 2 percent increase in revenues while reducing fit-related returns by 15 percent on the Shopify platform, the companies said in a joint ...
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News briefs
Hobby Lobby, Orly Shoe, Amoji cleared of Crocs trademark violation
The U.S. companies Hobby Lobby and Orly Shoe and Chinese-owned Amoji were cleared of violations of Crocs’ trademark by the U.S. International Trade Commission, according to a notice published in the Federal Registar. The commission issued a limited exclusion order against defaulting respondents La Modish Boutique, Star Bay Group, Huizhou ...
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Articlea.k.a Brands in 1-for-12 reverse share split
a.k.a. Brands Holding Corp. will carry out a one-for-12 reverse stock split of its common stock, that will become effective on Sept. 29 at 5:01 PM Eastern Time, after the close of trading on the New York Stock Exchange (NYSE). On Oct. 2, 2023, the company’s common stock will begin ...
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News briefs
Shoe Carnival appoints a new CFO
On Sept. 25, Shoe Carnival announced that Patrick Edwards was named senior vice president, chief financial officer, secretary and treasurer, effective immediately. Edwards served as the company’s chief accounting officer and secretary since 2021 and served as vice president and controller since he joined Shoe Carnival in 2019. ”Mr. Edwards ...
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ArticleRussian online retailer Lamoda plans to open 300 physical stores
Major Russian marketplace Lamoda plans to invest 30 billion rubles (€300m) over the next three years to open 300 brick-and-mortar stores in the country, partly taking over a former Adidas branch. The first 50 stores are expected to be operational by the end of 2023, a source close to the ...
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ArticleLeder & Schuh reports strong increase in sales for 2022
Austria’s Leder & Schuh, one of Europe’s largest shoe retailers, reported a strong increase in sales in 2022, confirming the previous year’s positive sales trend. Revenues rose to €351 million from €280 million in 2021, an increase of around 25 percent. The company’s gross profit rose to €147.5 million ...
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News briefsShoe Carnival hikes dividend by 20%
Shoe Carnival has declared a quarterly cash dividend of $0.12 per share, representing an increase of 20 percent from $0.10 per share previously. The dividend will be paid on Oct. 17 to shareholders of record as of the close of business on Oct. 3. “This marks our 46th consecutive quarterly ...
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News briefsGeox picks Penélope Cruz as brand ambassador
Geox has chosen Penélope Cruz as its first-ever brand ambassador. The Spanish actress-cum-model and designer will feature on the Italian brand’s advertising campaign for the forthcoming autumn/winter collection. Cruz has also developed with her sister Mónica a capsule collection with Geox for spring/summer 2024 that will be launched in February. ...
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ArticleThe attendance at Micam and its sister fairs rises by 21%
Micam, the footwear fair which ran from Sept. 17 to 20 at the Fieramilano Rho exhibition center at the outskirts of Milan, along with the trade shows Mipel, The One Milan and HOMI Fashion&Jewels Exhibition attracted 42,273 visitors, up by 21 percent compared with the September 2022 edition, from 129 ...
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ArticleNext lifts guidance again as strong summer, wage rises boost sales
Next lifted full-year guidance for the third time in four months after better-than-expected summer sales and said easing inflationary pressures could see a fall in prices next year. Pre-tax profits are now forecast to come at £875 million (€1bn) from a previous guidance of £845 million (€974.2m), with the brand ...
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News briefs
Golden Goose shareholder reportedly hires an advisor for an IPO
The private equity Permira has hired a financial advisor to study an initial public offering (IPO) on the Milan stock exchange for Golden Goose, according to the business newspaper Il Sole 24 Ore. The advisor is believed to be a US investment bank present in Europe. The IPO could be ...
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News briefs
Reebok unveils new premium sportstyle line in partnership with Farfetch's NGG
Reebok has unveiled Reebok LTD, a new premium line led by New Guards Group (NGG), with the goal of further elevating the Reebok brand through new products and collaborations. Reebok defines LTD as “a playground for creative evolution” under the motto “LEARN. TEST. DESIGN.” (LTD); a platform to unleash personal ...
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News briefs
Asos appoints William Barker to its board
Asos has appointed William Barker as a non-executive director. Barker is the founder and CEO of Camelot Capital Partners, a California-based investment management company. Camelot Partners holds 16,722,381 ordinary shares in Asos, representing 14.02 percent of the issued share capital of the British online fashion retailer. “Asos has a long-standing ...
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ArticleHuntsman launches a liquid thermoplastic polyurethane for midsoles with framas
Huntsman said that it has developed a liquid thermoplastic polyurethane (LTPU) that enables the rapid manufacture of high-performing midsoles and is “aligned with the circularity ambitions of brands manufacturing sports and athleisure footwear.” The system is being launched jointly with framas, a German firm specializing in injection moulding and plastic ...
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News briefs
Novelship secures $9.5 million in Series B funding
Novelship, a Singapore-based marketplace founded in 2018, has received US$9.5 million in its Series B funding round led by East Ventures, iGlobe Partners and GSR Ventures. The company said the new funding will accelerate its efforts to strengthen its brand presence across Southeast Asia. This includes improving logistics capabilities, refining ...
