All Shoe Intelligence articles in Volume 17, Issue 24
View all stories from this issue.
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News briefs
Issuing its second profit warning in three months, Pittards, the...
Issuing its second profit warning in three months, Pittards, the U.K.-based leather producer, said it will make a reasonable profit for this year, but it will be materially below forecasts, due to the slowdown in China and Russia. These two factors are apparently offsetting the impact on margins from lower ...
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Article
Nordstrom invests in Shoes of Prey
Nordstrom has participated in a $15.5 million round of investment raised by Shoes of Prey, an Australian start-up that pioneered on-demand customizable fashion footwear. The Aussie start-up has raised $24.6 million so far, with other investors including BlueSky Venture Capital, which has led the latest funding round, as well as ...
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Article
Macintosh is insolvent
Macintosh Retail Group and some of its subsidiaries have filed for “suspension of payments” to banks, suppliers and other creditors, and they have been granted . It could be the prelude to a change of ownership for the largest shoe retailer in the Benelux countries.The insolvency proceedings cover the parent ...
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News briefs
WWD reports that Tamara Mellon is set to reduce her...
WWD reports that Tamara Mellon is set to reduce her stake in Tamara Mellon Brands from 52 percent to just over 16 percent as part of a refinancing proposal that has received the approval by the District Court of Delaware, allowing her company to get out of Chapter 11 bankruptcy ...
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Short stops
Högl is going to work more intensely with Gore-Tex in...
Högl is going to work more intensely with Gore-Tex in terms of the product range and merchandising, starting in February
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German shoe retailers' sales fell by one percent in...
German shoe retailers' sales fell by one percent in the first ten months of 2015 in spite of slight increases in September and October
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News briefs
Tiramisù-Delishoes, the first “fashion dessert restaurant” ever, has just opened...
Tiramisù-Delishoes, the first “fashion dessert restaurant” ever, has just opened in Milan, in the central Brera district. The store, whose motto is “Taste the glamour,” reflects a new concept which combines shoe fashion and food. The 230-square-meter store, on two floors, is located at via Formentini 2, and is opened ...
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News briefs
Shoes For Crews, the Florida-based specialist in slip-resistant work footwear,...
Shoes For Crews, the Florida-based specialist in slip-resistant work footwear, has hired Stuart Jenkins as president, chief executive officer and chief innovation officer as well as a member of the company's board of directors, effective Jan. 25, 2016. Matt Smith, the company's founder and current chief executive, will become chairman ...
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News briefs
Fouad Gross is leaving as country manager of Timberland for...
Fouad Gross is leaving as country manager of Timberland for Germany, Austria and Switzerland after more than ten years in the job. His role will be taken over on a temporary basis by Mariano Alonso, vice president of sales of Timberland for Europe, the Middle East and Africa (EMEA). Timberland ...
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Pablosky has integrated its corporate website with its web store...
Pablosky has integrated its corporate website with its web store
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Marcus Englert, a management consultant, is taking over from Norbert...
Marcus Englert, a management consultant, is taking over from Norbert Lang as chairman of Rocket Internet's supervisory board
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News briefs
In the U.K. the GfK consumer confidence Index was positive...
In the U.K. the GfK consumer confidence Index was positive every month of the year in 2015. Consumer confidence remained strong for all of 2015, with a monthly average at +3. In December the index rose one point to +2. It is the first time since the Consumer Confidence Barometer ...
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News briefs
A new management headed up by Jutta Horezky is conducting...
A new management headed up by Jutta Horezky is conducting the re-launch of Tiggers, a German footwear brand that gets its shoes made in Portugal. It has launched its own web store and it is planning to show at the GDS, presenting an innovative boot. The brand and other assets ...
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News briefs
Zalando is taking over Nugg, a German company that supplies...
Zalando is taking over Nugg, a German company that supplies targeted digital marketing solutions, from the German Post Office, in order to address specific target groups in different ways. In the U.S., meanwhile, Amazon is reportedly planning to set up its own fleet of cargo airplanes to avoid delayed deliveries ...
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News briefs
A Hong Kong-based financial service company registered in the Seychelles...
A Hong Kong-based financial service company registered in the Seychelles islands, Yucheng International, has agreed to acquire the 64.15 percent stake held by Pegasus Footgear Management in its shoe factory in Guangzhou, Pegasus International Holding, subject to various conditions. It would subsequently make a bid for the remaining shares of ...
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Evereste, the Portuguese footwear company operated by the Fernandes family,...
Evereste, the Portuguese footwear company operated by the Fernandes family, is reported to be working on a customization program
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Article
Valleverde is making a comeback
After two months of sales, the well-known Italian brand of comfort shoes has received initial orders for about 150,000 pairs for its spring/summer 2016 collection, developed very quickly after the bankruptcy court picked Silver 1 as Valleverde's new owner in May. Orders have been placed by 850 dealers, way up ...
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News briefs
Snipes, the German-based chain of sneaker stores, is reportedly planning...
Snipes, the German-based chain of sneaker stores, is reportedly planning to launch a women-specific format of shoe stores under a different name, which would also offer high-heeled shoes and clothing. Meanwhile, Snipes has opened its first Spanish store in the Gran Casa shopping center of Zaragoza. It is said to ...
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News briefs
The Footwear Technology Center of La Rioja (CTCR) in Spain...
The Footwear Technology Center of La Rioja (CTCR) in Spain is working on a new project called Lactishoe which uses microencapsulated lactic acid in the soles and linings of shoes for enhanced comfort. Technologists plan to develop a new hybrid fermentation process to extract lactic acid with high levels of ...
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Short stops
Casadei inaugurated a new store concept, meant to express...
Casadei inaugurated a new store concept, meant to express innovation and craftmanship, as it opened a new 400-square-meter store in Piazza San Lorenzo in Lucina last month
