All Shoe Intelligence articles in Volume 26, Issue 15+16 – Page 3
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News briefs
Cambodia's first-half footwear exports up by 10.4%
In the first half of 2024, footwear exports from Cambodia rose by 10.4 percent to $774 million from $700.6 million dollars a year earlier, according to the Ministry of Commerce. Cambodia’s exports of garments, footwear and travel goods rose by 16.5 percent to $6,246 million during the period. Garments represented ...
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News briefs
No new class in the coming school year at Pirmasens shoe school
For the first time in 20 years, the shoe school (Schuhfachschule) in Pirmasens, in the Rhineland-Palatinate region of Germany, will not have a new class for the coming school year due to a lack of applicants. This marks a sharp downturn from just a few years ago, when the ...
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ArticleEsprit’s Austrian subsidiary files for bankruptcy
Esprit’s Austrian subsidiary, Esprit Handelsgesellschaft m.b.H., has filed for bankruptcy at the Salzburg Regional Court. The announcement follows the insolvency application filed in May by the parent company Esprit Europe GmbH, headquartered in Ratingen, Germany. The bankruptcy affects 12 directly operated stores across Austria and approximately 170 employees. ...
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News briefs
Skechers sues L.L. Bean for alleged patent infringement
Skechers USA has filed a lawsuit against L.L. Bean, accusing the Maine-based retailer of allegedly copying a shoe design, according to local media. The lawsuit, filed in New York City federal court, claims that L.L. Bean’s Freeport casual shoes infringe two patented designs for “heel cups” that surround the back ...
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ArticleVietnam’s leather, footwear, handbag exports seen reaching $26-27bn in 2024
Export revenues for the Vietnamese leather, footwear and handbag industry are expected to reach $26 billion to $27 billion in 2024, according to Lefaso, the Vietnam leather, footwear and handbag association. In 2023, Vietnam generated $24 billion in revenues from leather and footwear exports, down by 15 percent year-on-year. ...
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News briefs
Belledonne raises €1m in funding
Belledonne Paris raised €1 million from external investors to finance its expansion. Since its launch in 2018 thanks to a crowdfunding effort via the Paris and Montreal-based platform Ulule, Belledonne has been self-financed. The brand has also benefited from the support of Au delà du cuir (ADC), the leading French ...
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ArticleItalian shoemakers agree on a new labor contract
Assocalzaturifici, which represents the Italian footwear industry, and the trade unions Filctem - CGIL, Femca - Cisl and Uiltec - Uil signed on July 17 a new nationwide collective labor agreement. The contract is effective from Jan. 1, 2024 and will last until Dec. 31, 2026. The previous contract expired ...
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ArticleThe stocks of footwear companies weaken in Q2 on soft economic prospects
The prices of stocks monitored by Shoe Intelligence fell by 4.6 percent on an equal-weighted average in the second quarter of 2024, compared with the previous three months as many economies continue to show signs of weakness. Meanwhile, interest rates in Western countries are staying higher for longer than expected ...
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News briefs
Diadora hires a chief marketing officer for the US
Diadora has hired Ryan Eckel as its chief marketing officer for the US. For five years, Eckel was brand president of Tracksmith, a Boston-based running brand that debuted in footwear in September 2022. Diadora expects Eckel to focus on developing marketing strategies, enhancing brand visibility and driving product launches. ...
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News briefs
Footway’s sales continue to plummet in Q2
As in the first quarter, Footway Group AB’s net sales dropped sharply to SEK 114.9 million (€9.9 million) in the second quarter from €239.8 million as suppliers were unable to obtain credit insurance to sell products to the troubled Swedish retailer that underwent a so-called reconstruction period completed on Feb. ...
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News briefs
Lowa takes over its Austrian distributor
With the acquisition of the Austrian Lowa Sportschuhe GmbH sales company, based in St. Martin im Innkreis, and the change of name to Lowa Austria GmbH, Germany-based Lowa Sportschuhe GmbH has finally united all German-speaking core markets under one roof. Matthias Wanner, the chief sales officer of Lowa, will join ...
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News briefs
Allbirds names a new vice president of design
Allbirds appointed Jason Israel vice president of design, reporting to the chief design officer, Adrian Nyman. Nyman and Israel, along with the recent addition of a new head of color and materials, Ailsa Cordon-Michell, formerly of The North Face and Burberry, further strengthen Allbirds’ product team, which is focused on ...
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ArticleArmani, Dior under investigation for working conditions at suppliers
The Italian competition authority, AGCM, said that it has launched an investigation against the luxury goods groups Giorgio Armani and Christian Dior for alleged “unfair commercial practices.” According to the watchdog, “in some cases”, the companies may have used suppliers employing workers who may have received “inadequate wages”. In addition, ...
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News briefs
EssilorLuxottica to buy Supreme for $1.5bn
EssilorLuxottica, a Franco-Italian eyewear producer, has entered into a definitive agreement to buy the Supreme brand from the US clothing company VF Corporation for $1.5 billion in cash. The transaction is expected to close by the end of 2024. The Supreme brand runs a digital-first business and 17 stores in ...
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News briefs
Leguano appoints a new sales manager
The German barefoot footwear specialist Leguano has promoted Corina Gati to sales manager. In 2016, Gati became Leguano’s District Manager for Western Germany before joining the headquarters in 2018 as product manager. In 2019, she took over the role of production manager and at the same time devoted herself ...
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News briefs
Sør closes eight stores
The German fashion retailer Sør is closing eight stores as part of its ongoing self-administration proceedings. According to the restructuring plan approved by creditors, the stores in Aachen, Baden-Baden, Frankfurt am Main, Cologne, Minden, Münster, Oberstdorf and Wiesbaden will shutter in the fall. Around 30 employees will lose their ...
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News briefs
Macy’s ends talks to be bought by activist investors
Macy’s said its board had unanimously determined to terminate discussions with the activist investors Arkhouse Management and Brigade Capital Management that had been trying to take the department store retailer private. In a statement the company said the investor funds’ revised proposal lacked certainty of financing, remained non-actionable and did ...
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News briefs
Burberry changes CEO on poor Q1 results
Burberry appointed Joshua Schulman as chief executive officer, succeeding Jonathan Akeroyd who is stepping down and leaving the company with immediate effect by mutual agreement with the board. Schulman was the CEO of the US fashion brands Michael Kors from 2021 to 2022 and was brand president for Coach from ...
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News briefs
Deckers sues a Brazilian cybersquatter
Our US sister publication SGI News reports that Deckers Brands, the parent company of Hoka and Teva, has filed a complaint in a federal court in Louisiana against an unnamed Brazilian-based company, accusing it of cybersquatting and infringing its Ahnu trademark. According to the lawsuit, Deckers had been using the ...
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News briefs
Skechers expands its retail presence in Spain
Skechers is expanding its retail presence in Spain under the guidance of retail property consultancy Newmark Retail. The American footwear brand is opening two flagship stores in Madrid and one in A Coruña. The new flagships in Spain’s capital city will be in the Parque Oeste and Rivas Futura shopping ...
