All Shoe Intelligence articles in Volume 20, Issue 21-22 – Page 5
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Short stops
On Nov. 8, Birkenstock elected a works council, with 445...
On Nov. 8, Birkenstock elected a works council, with 445 out of 1,265 employees at its factory in Görlitz voting for a new works committee chairman
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News briefs
Zalando booked a net loss of €41.7 million in the...
Zalando booked a net loss of €41.7 million in the third quarter, up sharply from €11.1 million in the year-ago period, while sales growth slowed down to 11.7 percent from 28.7 percent. The adjusted operating profit (Ebit) sank to a negative level of €38.9 million on total turnover of €1.2 ...
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News briefs
Alibaba's Single's Day festival collected orders worth $30.8 billion in...
Alibaba's Single's Day festival collected orders worth $30.8 billion in terms of merchandise value on Nov. 11, or 27 percent more than one year ago. The 24-hour event in China was much more successful than the 36-hour Amazon Prime Day in July, which racked an estimated $4.2 billion.
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Article
Geox releases disappointing Q3 results
Geox has announced disappointing third-quarter results and an unconvincing business plan for the three years to 2021, prompting a massive stock market sell-off that has driven the company's share price to record low levels.The top line declined by 8.2 percent to €672.4 million in the first nine months, missing market ...
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News briefs
Dominik Benner, the owner of Schuhe24, the German-based online marketplace...
Dominik Benner, the owner of Schuhe24, the German-based online marketplace for independent shoe retailers, has acquired 40 percent of We Want Shoes, the German online brand marketing and networking platform. The price paid for the acquisition was not reported. Saydou Bangoura, founder of We Want Shoes, remains chief executive of ...
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News briefs
Adidas and Nike were among the 237 brands that generated...
Adidas and Nike were among the 237 brands that generated sales of more than 100 million yuan renmimbi (€12.6m-$14.4m) at Alibaba's Single's Day consumption festival on Nov. 11. New Balance was also a winner with 60,000 pairs of shoes ordered during a pre-sales program. Overall, consumers placed orders for a ...
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Article
The personal luxury goods market should grow by 5% in 2019, with shoes up by 7%
The global market for personal luxury goods is expected to continue to grow at a slightly reduced rate of 5 percent in 2019, according to the Altagamma Consensus 2019. Footwear and accessories are expected to go up by 7 percent, followed by a 5 percent increase for perfumes and cosmetics, while ...
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Short stops
Vans came out on Nov. 2 with a collection of...
Vans came out on Nov. 2 with a collection of space-inspired NASA shoes, clothing and bags
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Article
Global Fashion Group reached 11M active customers in Q3
The Global Fashion Group (GFG), the international online fashion and lifestyle retailer headquartered in Luxembourg, reported revenues of €264.6 million in the third quarter of its fiscal year ended on Sept. 30, representing a 16.9 percent increase on a constant-currency basis. Net merchandise value – the value of goods sold ...
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News briefs
On Dec. 9-10, for the 45th anniversary of its famous...
On Dec. 9-10, for the 45th anniversary of its famous Yellow Boot, Timberland will be hosting an exhibition at the Vinyl Factory in London. On display will be collaborative designs with Stüssy, Supreme, Off-White, Opening Ceremony, OVO and Pharrell Williams as well as a 45th-anniversary limited-edition boot, which will go ...
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Article
Geox hopes to reach sales of €1 billion
Geox sees 2021 sales rising to €950-1,000 million by 2021 under a revised three-year business plan, representing an average annual increase of 6.5 percent. Footwear and apparel would grow at similar paces.Under the plan, sales would increase at an average annual rate of 5 percent a year in Italy to ...
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