Japanese performance sportswear firm ASICS is stepping up expansion in India with plans to add over 20 mono-brand stores by next year. It is also intensifying presence on e-commerce platforms while growing business through regional distribution channels to cater to growing demand in tier II cities. The company, which sells its footwear and apparel products through franchise model, is also […]
Japan-based fast-fashion designer brand, stepped its foot in India and opened its first store at the Ambience Mall, VasantKunj in New Delhi following established strategic relationships with nearly 60 countries and successfully opening stores in 30 countries including the U.S., Canada, Australia, Russia, the United Arab Emirates, Singapore and Korea. Spread over 2,000 sq. ft., the store […]
Undandy is a footwear brand focused on customised footwear sold through an online store. The customer can choose the model, color and material when making an order. The personalization process, all made online, is very straightforward with only five stages. The customer visits the brand’s website and picks the last that better fits their style, […]
Consolidated sales posted by Puma in the second quarter increased by 16% in currency adjusted terms (17% in reported terms), totaling 969 million euros, compared to 827 million euros in the second quarter last year. The operating result (EBIT) in the second quarter 2017 increased to approximately 43 million euros, more than three times year-ago […]
Edward Rosenfeld, Chairman and Chief Executive Officer, commented: “The strong momentum in our business continued into the second quarter, as we delivered another quarter of robust sales and earnings growth despite the challenging retail environment. Once again, we saw outstanding performance in our core Steve Madden Women’s wholesale footwear division, where our trend-right product assortment […]
“As an organization, we have always been active portfolio managers, with a sharp focus on our highest-value opportunities. We have recently completed a strategic review of our existing portfolio and have been exploring a variety of alternatives for some of our smaller brands and businesses”, commented Blake Krueger, Chairman, Chief Executive Officer and President, adding: […]
This deal takes part of Aldo’s continued expansion, and according to their management it will “significantly increase both companies’ capabilities and reach, and enhance their ability to offer the widest selection of footwear, handbags, and accessories through all channels, including owned stores, franchise, online and wholesale”. David Bensadoun, Aldo Group’s Chief Executive Officer, commented: “We’re […]
“Our second quarter performance validates the strength of our multiple growth levers to deliver solid results in today’s dynamic global environment”, stated Under Armour Chairman and CEO Kevin Plank, adding: “More than doubling our business over the last three years has required significant investments and resources to build our brand. We are utilizing 2017 to […]
According to the 7th edition of the World Footwear Yearbook, the worldwide footwear production stalled at 23 billion pairs in the last two years, after climbing 15% between 2010 and 2014. At continental level, the geographical structure of the industry remains broadly unchanged. In 2016 Asia’s share of the world production was 86.7%, only marginally […]
“Deflating pricing in retail continues to aggravate measurements of spending in June. Consumers continue to make purchases, but total sales reflects depressed prices on the volume of goods purchased”, commented NRF Chief Economist Jack Kleinhenz, adding: “Nonetheless, consumer fundamentals remain solid, with no expectations for spending to cool off in the remaining summer months. Sales […]
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