All Article articles – Page 71
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ArticleCaleres expects to meet many ESG commitments ahead of 2025 schedule
Caleres has published its 2021 environmental, social, governance (ESG) report indicating the progess made last year and in early 2022 against its 2025 targets. The U.S. footwear company pointed out that it is on track to meet many of its commitments ahead of schedule. “Since we debuted our 2025 ESG ...
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ArticleGlobal high heels footwear market to rise 1.35% annually - Technavio
The global market for high heel shoes is expected to increase by an annual average of 1.35 percent between 2021 and 2025, representing an accumulated gain of $1.70 billion over the period, according to a report published by the research and advisory company Technavio. The survey, titled High Heels ...
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ArticleItalian fashion event in Kazakhstan attracts over 200 buyers
Fifty Italian brands took part in La Moda Italiana@Almaty, an event organized by the Italian footwear association, Assocalzaturifici, in partnership with the Italian fashion industry association, Ente Moda Italia, and with the collaboration with the Italian furriers’ association, AIP, and the Italian leather goods association, Assopellettieri. The event also had ...
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ArticleAsos warns about surging inflation
The British online fashion retailer Asos reported a plunge in first-half profits due to supply chain issues and warned its expectations for a much better second half could be hit by surging inflation. The company also revealed a £14 million (€16.8m) hit from its decision to stop selling clothes in ...
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ArticleHow a Ukrainian footwear expert is helping her country and rebuilding her business
Krystyna Mandrykina In an exclusive interview with Shoe Intelligence, Krystyna Mandrykina, a Ukrainian-born footwear manager and consultant currently working in Turkey, explains how the Russian invasion of Ukraine has shattered her personal and professional life. She also provides a riveting account of how the Ukrainians are reorganizing ...
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ArticleEmerging designer: Gabriela Machado, from tax specialist to designing sustainable shoes
Gabriela Machado, a former tax specialist and the creator of Momoc shoes, launched a collection of sustainable and elegant office shoes for women after a sabbatical leave and a resourcing trip to the antipodes. Her endeavor resulted in her exhibiting on the Emerging Designers stand, at the Milan-based Micam footwear ...
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ArticleAldo Bruè looks to Asia to offset the crisis in Russia
Aldo Bruè is turning to Asia to offset the impact of international sanctions on Russia, one of the Italian brand’s main markets, after the country’s invasion of Ukraine on Feb. 24. “Aldo Bruè has been present in the country since the 70s with a strong brand identity. The Russian market ...
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ArticleDesigner Brands upgrades its full-year guidance
Designer Brands improved its guidance for the fiscal year ending in January 2023 and now expects earnings per share (EPS) to be $1.80-$1.90, up from a previous guidance of $1.75-$1.85. The U.S. footwear company is also reinstating a dividend of 0.05 dollars per share for the first quarter of fiscal ...
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ArticleWar in Ukraine threatens German eco-friendly manufacturing
The war in Ukraine will have a significant impact on environmentally-friendly footwear manufacturing as it disrupts supply chains and forces factories across the country to shut down, according to the German shoe industry’s sustainability initiative, Cads. Before the conflict, Ukraine was an important supplier of material for eco-friendly shoe ...
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ArticleMerrell unveils a multi-year sustainability initiative
Merrell has unveiled “This Is Home,” a multi-year sustainability initiative designed to inspire consumers to protect nature. The campaign focuses on digital, social and connected TV and showcases Merrell footwear and apparel made from more sustainable materials. It aims to inspire people to go outside with as little impact on ...
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ArticleFarfetch invests $200m in Neiman Marcus
Farfetch and Neiman Marcus Group (NMG) have announced a global partnership, under which the British online fashion retailer will make an investment of up to $200 million in the U.S. luxury retailer and become a minority shareholder. The funds will be used by NMG to bolster growth and innovation by ...
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ArticleIndia expects to double trade with Australia
The India-Australia Free Trade Agreement, officially called the Australia-India Economic Cooperation and Trade Agreement (AIECTA), is the first trade agreement India has signed with a developed economy in more than a decade. Negotiations began in 2011 but were suspended in 2015 as talks stalled over issues such as market access ...
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ArticleSpartoo 2021 GMV up by 10.3%
In 2021, Spartoo’s gross merchandise volume (GMV) rose by 10.3 percent year-over-year to €213.7 million. The increase of GMV was in line with the company’s target for growth exceeding 10 percent. GMV achieved through B2C services increased by 9.5 percent to €192.8 million and that related to third-party services grew ...
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ArticleBrazilian, Indian footwear stocks outperform in a weak environment
In the first quarter of 2022, the share prices of footwear companies fell sharply, tracking global equity markets lower. But, the Indian and Brazilian companies that we monitor for our stock performance survey outperformed their peers over the period.
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ArticleACBC plans an IPO within two years
ACBC, a fast-growing Italian B Corporation which focuses on sustainable footwear, aims to be listed on the New York Stock Exchange within the next two years. In an exclusive interview with Shoe Intelligence, Gio Giacobbe, who founded the company in 2017 with Edoardo Iannuzzi, explained that the company has preferred ...
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ArticleC-Suite interview: Bulgarian shoemaker VES profits from reshoring to Europe
In a recent article, we spoke to Turkish footwear manufacturers who benefited from the reshoring to Europe and the Mediterranean basin of production previously located in the Far East and other Asian countries. The move is motivated by the proximity of European markets, the need for brands to rapidly respond ...
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ArticleEU proposes new consumer rights on sustainability and a ban on greenwashing
The European Commission is proposing to amend the European Union Consumer Rights Directive to oblige traders to provide consumers with information on products’ durability and reparability with the aim of empowering consumers for the green transition. The measure is one of many included in a wider package called the European ...
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ArticleHow UFG created a new structure for the Gap brand and to expand its license portfolio
Unlimited Footwear Group (UFG), the Dutch group managing an extensive portfolio of proprietary and licensed brands, has created a new wholly-owned unit to manage the Gap license that it has obtained for the European Union, the U.K., Switzerland and Scandinavia. The first Gap footwear collection produced by UFG for men, ...
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ArticleItalian self-assessment ESG program to start beta trials
A software package allowing the self-assessment of companies’ environmental, social and governance (ESG) performances is scheduled to be rolled out for beta tests at several Italian companies over the coming weeks. The indicative number of companies involved in the trials could be four to six, according to the developers of ...
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UFG enters a licensing partnership with Gap
Unlimited Footwear Group (UFG) has entered into a strategic licensing partnership with the American retailer Gap Inc. to design, produce and distribute Gap footwear throughout the entire European Union, the U.K., Switzerland and Scandinavia, in a deal brokered by IMG. In a statement, UFG said that the “upcoming footwear collections ...
