Retail News CRM

Tag: leather

  • Paragon flagship for Tod’s Singapore

    Paragon flagship for Tod’s Singapore

    Italian luxury leathergoods specialist Tod’s has opened a new-concept flagship boutique at Paragon shopping mall on Orchard Road.

    While known for its classic Gommino driving shoes, Tod’s introduces more accessories at its new flagship, featuring a limited-edition Wave backpack.

    Covering 190sqm, the boutique has high-gloss ceilings, freestanding handbag rails, marbled flooring and features a concept exhibition space.

    Centre stage this season is the Surf collection, a range of shoes and accessories inspired by the sun, sea, sand and laidback style of Malibu, California. Exclusive to the store, the Wave backpack is available in metallic gold or silver, with contrasting multicoloured or rich-gold studs.

  • Da Milano eyes an increased revenue with adding 150 new stores

    Da Milano eyes an increased revenue with adding 150 new stores

    High-end leather products retailer Da Milano is eyeing Rs 300 crore turnover and plans to open 150 new outlets across the country for its three brands in three years.

    “We are looking at a turnover of Rs 300 crore by fiscal 2020-21. We will grow our business through our network of retail stores and focus on customer loyalty and satisfaction,” Da Milano Managing Director Sahil Malik told.

    Da Milano expects to close the current fiscal year with a turnover of Rs 200 crore.

    The company currently operates 70 stores in India and six abroad. It is also looking at expanding its overseas operations and plans to open stores in Singapore and London by next fiscal.

    Da Milano recently opened its new store in Dubai.

    “We expect overseas operations to contribute to our turnover in a big way. We are an affordable luxury leather brand and the price points at which offer our products makes the brand attractive,” Malik said.

    Da Milano sells three brands — Da Milano, Rosso Brunello and Wooba.

    “We plan to open 150 stores across our three brands in three years time,” he added.

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  • Il Bisonte plans to open shops in Asia

    Il Bisonte plans to open shops in Asia

    Italian leather goods label Il Bisonte, owned by UK investment fund Palamon since 2015, plans to open a directly owned shop in Hong Kong as a way into China.

    Founded by Wanny Di Filippo in 1970, the company expects to close this year with revenue exceeding €27 million (US$32 million), says CEO Sofia Ciucchi, who was appointed in January. This would be up 27 per cent on last year’s revenue.

    As well as eyeing Asia, the brand has growth plans closer to home. It will open an 800sqm showroom next month on the top floor of Florence’s historic Palazzo Corsini, with a launch event celebrating the fact that Il Bisonte’s entire output is produced with a 30km radius of the city. The showroom will also house the company’s offices, while manufacturing and product development remain in Pontassieve.

    At the end of next month Il Bisonte will open a six-month pop-up store in Rue St Honore, Paris, and its two permanent Parisian stores will be later renovated.

    Overseas plans include a possible second store in London and an opening in the US, most likely New York.

    Another main focus for the label is e-commerce, to which end it will expand its manufacturing and logistics infrastructure next year, building a 2000sqm warehouse in Pontassieve.

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  • Vietnam expects 10 percent rise in leather, shoe exports

    Vietnam expects 10 percent rise in leather, shoe exports

    Viet Nam’s leather and footwear industry expects to reach a total export value of US$18 billion this year, up 10 per cent from last year, said the Viet Nam Leather, Footwear and Handbag Association (Lefaso)

    According to Lefasco, there are plenty of chances for expanding exports given that orders for footwear and bag processing may be diverted from factories in China that have cut back on incentives for investment in garment and footwear manufacturing to focus on high technology.

    Another promising element is the Viet Nam-European Union free trade agreement, which will take effect in 2018 and afford Vietnamese footwear makers more opportunities to boost exports.

    To achieve this year’s target, the leather and footwear sector needs to boost technological innovation, invest in new equipment and modernise existing equipment, expand the production scale of domestic enterprises to increase productivity as well as improve the quality of products, Lefasco said.

    Lafesco reported that the sector raked in $16.2 billion from export last year, up 8.8 per cent from 2015. Of which, $13 billion came from footwear and the remaining was from handbags and leather items, marking respective annual increases of 8.2 per cent and 11.1 per cent.

    According to Lefaso, leather and footwear exports last year faced many difficulties as orders from the EU market plummeted and the sector’s export to ASEAN markets was also unstable.

    Since January 1, 2016, the tax levied on footwear and leather handbags and items circulated within the ASEAN bloc have been reduced to 0 per cent, leading to stiffer competition from regional rivals.

    Vietnamese enterprises also confronted obstacles due to the lack of capital and increasing input costs, which significantly affected the footwear sector’s export. Footwear currently ranks fourth and suitcase-bag-briefcase ranks tenth among Viet Nam’s top 10 foreign currency earners.

    The sector’s manufacturing index in 2016 rose a modest 3.7 per cent year-on-year, much lower than the 17.4 per cent and 22 per cent growth in 2015 and 2014, respectively.

  • Furla reports 13pc sales increase for 2014

    Furla reports 13pc sales increase for 2014

    Furla reports 13pc sales increase for 2014

    https://www.cpp-luxury.com/furla-reports-13-percent-sales-increase-for-2014/

    Leather-wear maker Furla reports rising sales in 2014 of EUR258 million (USD288.2 million), a +13 percent increase on 2013. “This growth is the result of hard work, both in terms of product distribution. We are growing in all segments and in all regions in which we operate.

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