All Shoe Intelligence articles in Volume 22, Issue 11+12
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PDF NewsletterShoe Intelligence Newsletter: Vol 22 - 11+12
Shoe Zone reopens most stores | Sioux’s wholesale unit files for insolvency | Hotter plans to downsize | Hunter goes under review | Ferragamo calls back Michele Norsa | Shoe Carnival’s online sales soar | Genesco ends Q1 deep in the red | CCILU open to partnerships | Mandatory shoe tagging in Russia | La Halle receives 25 bids | Mid-Dec. timing for Expo Riva Schuh | Material Exchange rides digital wave
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News briefs
Golden Goose names Maureen Chiquet chair
Golden Goose has appointed Chanel’s former chief executive Maureen Chiquet as non-executive chairwoman, replacing Patrizio Di Marco. The announcement was made as the British private equity group Permira completed its previously announced acquisition of a majority stake in the Italian producer of upscale sneakers from its U.S. peer Carlyle, which ...
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ArticleShoe Zone has reopened 416 stores out of 470
The British footwear retailer Shoe Zone has reopened most of its store network, which is exiting the lockdown streamlined, as the company decided to permanently close 20 locations. Meanwhile, online sales were up by 32 percent in the fiscal first half.
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ArticleShoe Carnival’s online sales soar
After a difficult first quarter, Shoe Carnival is experiencing a strong rebound in sales, so much so that it has issued a business update. For this second fiscal quarter, which began on May 6, so far comparable store sales have surged by 28.1 percent from the same period last year, ...
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Article
Sioux’s wholesale division files for insolvency as coronavirus lockdowns hit sales
Plummeting department store sales amid business-wrecking coronavirus lockdowns and market uncertainty have driven Sioux Group’s wholesale division off the rails.
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News briefs
Amazon, Valentino file joint shoe counterfeiting suit
E-commerce giant Amazon and the Italian fashion group Valentino filed a joint lawsuit against New York-based Kaitlyn Pan Group for allegedly counterfeiting the Valentino Garavani Rockstud shoes and selling them online. The lawsuit was Amazon’s first joint litigation with a luxury fashion brand and Valentino’s first with an online retailer. ...
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Article
Farfetch launches tool to measure environmental impact of purchases
Farfetch has created a tool to measure the environmental impact of goods bought on its e-commerce platform. The software is part of its efforts to help customers make environmentally-sensible choices, thus promoting the purchase of second-hand items. The British company, that specializes in luxury fashion, claims that the tool will ...
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News briefs
Amazon launches $2 billion fund to invest in decarbonization
Amazon has launched The Climate Pledge Fund to support the development of sustainable technologies and services that will enable the U.S. e-commerce retailer and other companies to meet a commitment to be carbon free, on a net basis, by 2040. The fund will have an initial $2 billion endowment and ...
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News briefsBreuer returns to Lorenz Shoe as global sales director for Högl
Högl Shoe Fashion, the Austrian shoe brand that is part of the Lorenz Shoe Group, has appointed Walter Breuer to the position of global sales director. As a new member of the company’s executive board, Breuer will support Gerhard Bachmaier and Patrick Lorenz, managing partners at Högl, from July 1. ...
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Article
Designer Brands misses expectations in Q1
The Covid-19 pandemic has taken its toll on Designer Brands, the American shoe retailing group previously called DSW. It recorded significantly lower sales and heavy losses for its first quarter ended on May 2 – both worse than analysts’ expectations - hampered by strong markdowns and store closures from March ...
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News briefs
Global children’s footwear market seen up annual 4% to 2024
The global market for children’s footwear is expected to grow by $8.65 billion between 2020 and 2024, representing an average annual increase of almost 4 percent, with the launch of exclusive designer footwear being instrumental in driving the market higher, according to the research and advisory firm Technavio. In a ...
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News briefs
Riccardo Sciutto to head Cercal footwear school
Riccardo Sciutto, the chief executive of the Italian company Sergio Rossi, has been appointed president of the footwear school Cercal located in San Mauro Pascoli, in the Emilia Romagna region. He replaces Cesare Casadei, who oversaw the school for seven years. Massimo Pazzaglia, project manager of the company Giglioli Production, ...
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News briefs
Christian Prazzoli is the new CEO of Baldinini
The Italian high-end shoemaker Baldinini has appointed Christian Prazzoli as its chief executive, while the company’s previous helmsman, Gimmi Baldinini, will continue as chairman. The appointment comes after the Bologna-based company Finross, owned by the Rossetti family, earlier this year bought a 60 percent stake in Baldinini for €13 million ...
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News briefs
Obuv Rossii starts selling bicycles
As in many other countries, bicycles have become a hot commodity in Russia as an ecological alternative to public transport, in order to avoid contamination from the novel coronavirus, while keeping fit. Even a leading Russian footwear retailer, Obuv Rossii, has begun selling bicycles, handling after-sale servicing in its own ...
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News briefs
Spanish footwear employers, unions call for more help
The Spanish employers association Fice and the trade unions CCOO and UGT met on June 16 to analyze the impact of the Covid-19 pandemic on the footwear industry and have called on the authorities to help by extending the temporary lay-off mechanism ERTES at least until the end of the ...
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News briefs
Who’s Next confirms Sept show, adds digital platform
Although many summer and autumn trade shows have already been cancelled, the organizers of Who’s Next announced their intention to continue with the next edition of the French fashion show. They said that 80 percent of the buyers surveyed three weeks ago declared that they were still planning to ...
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ArticleCCILU open to partnerships on new green material
CCILU, the Taiwanese brand of lifestyle footwear, has launched Greenplax, a new ecological raw material for outsoles, insoles and upper fabric upcycled from plastic bottles. The announcement is accompanied by a $20,000 crowdfunding and marketing campaign on Kickstarter for a shoe model called Renee, said to incorporate the equivalent of ...
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News briefs
Crocs starts building a new European distribution center in Holland
Crocs has started building a 35,000 square meter distribution center in Dordrecht, in the province of South Holland in the Netherlands, which will become its main logistics hub in Europe. The new center is expected to open in April 2021 and create 200 to 350 jobs. The Amercian company known ...
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Article
Hotter plans to downsize with creditors’ support
Electra Private Equity, which owns the British footwear manufacturer and retailer Hotter Shoes, plans to downsize the company through a company voluntary arrangement (CVA) process. A CVA enables an insolvent company to seek an agreement with its creditors. But, the arrangement has to be approved by creditors holding at least ...
