All Shoe Intelligence articles in Volume 20, Issue 23-24 – Page 4
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Shoe Carnival has announced a new share repurchase program for...
Shoe Carnival has announced a new share repurchase program for up to $50 million of its outstanding common stock, effective Jan. 1, 2019. It will replace the existing $50 million share repurchase program that was authorized on Dec. 14, 2017, which will expire on Dec. 31, 2018. Under the new ...
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Article
Obuv Rossii uses more click & collect and blockchain
Obuv Rossii, the big Russian shoe producer and retailer, has announced plans to expand PickPoint's network in Russia by opening pick-up locations for products it sells online within its stores. This will allow the company to increase customer flows and take advantage of growing sales in the online segment.Obuv Rossii launched a ...
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Peter Bird, former finance director of Clayton & Sons, has...
Peter Bird, former finance director of Clayton & Sons, has bought the assets of the bankrupt British supplier of leather for shoes and accessories from the Clayton Leather Group, according to Drapers magazine. The group itself went into administration, a form of bankruptcy on Oct. 4, retaining only 12 employees. ...
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Zalando announced that it would not organize the Bread &...
Zalando announced that it would not organize the Bread & Butter by Zalando fashion festival in 2019, leaving the door open for similar events in selected cities. The online retailer launched the consumer-oriented marketing event for the first time three years ago at the former Tempelhof airport in Berlin, after ...
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Karl-Heinz Müller, the founder of the Bread & Butter show,...
Karl-Heinz Müller, the founder of the Bread & Butter show, has canceled the L.O.C.K. trade show that was scheduled to take place on Jan. 15-17, 2019, at the former Tempelhof airport in Berlin. In a statement, Müller says that there were uncertainties surrounding the rental of the airport's Hangar 7 ...
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Led by Mukhtarul Amin, chairman of India's Council for Leather...
Led by Mukhtarul Amin, chairman of India's Council for Leather Exports, a delegation of 15 Indian footwear and leathergoods manufacturers visited the Mexican state of Guanajuato a few weeks ago to meet with 36 potential buyers. According to Amin, Mexico is a new export market for Indian leathergoods and shoes. ...
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Footwear Distributors & Retailers of America (FDRA) is teaming up...
Footwear Distributors & Retailers of America (FDRA) is teaming up with the Asia-Pacific Leather Fair (APLF) as co-organizer of the Global Footwear Executive Summit (GFES) that will be held on March 12, the day before the Fashion Access and APLF – Leather & Materials exhibitions in Hong Kong. Interacting with ...
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Article
Mixed quarterly results for Alpargatas
Alpargatas' consolidated net earnings jumped by 71.3 percent to 119.8 million reais (€27.6m-$31.3m) in the third quarter ended on Sept. 30, but this was partly due to non-recurring items. Excluding them, the Brazilian group's Ebitda margin fell by 1.3 percentage points to 12.3 percent on 2.2 percent lower revenues of R$ ...
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News briefs
Alfred Pusswald has recently left Vögele Shoes, where he worked...
Alfred Pusswald has recently left Vögele Shoes, where he worked as head of purchasing for about one year. Vögele Shoes belongs to Karl Vögele and operates about 260 shoe shops in Switzerland. According to Vögele Shoes, Pusswald had a different opinion on the alignment of the company's product line and ...
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News briefs
While aiming for a more premium positioning in the market,...
While aiming for a more premium positioning in the market, Henri Lloyd, a British brand of lifestyle sportswear inspired by sailing, is contemplating the launch of complementary ranges of footwear and eyewear. Formerly based in Manchester, the brand recently transferred its head office of Gothenburg following its acquisition in June ...
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Article
Farfetch and Yoox introduce new AI tools
With its special algorithms, artificial intelligence is increasingly considered very useful in helping customers choose the right products from among the multitude of items offered on inclusive websites like those of Farfetch and Yoox-Net-A-Porter. Farfech alone, which recently went public, gives customers a choice among about 20,000 different styles of ...
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Article
Record Black Friday sales in Russia ahead of VAT hike
Black Friday 2018 brought an unprecedented level of sales to the shoe stores all over Russia, according to a market research agency, Infoline Analytics, rising by between 70 to 100 percent as compared to November 2017.Sales increases in brick-and-mortar stores ranged between 30 and 40 percent, while online stores recorded a ...
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News briefs
Crocs has agreed to repurchase the preferred convertible shares of...
Crocs has agreed to repurchase the preferred convertible shares of Blackstone Capital Partners, which had acquired them in 2014 as part of a $200 million investment in the company. Crocs will buy back half of the preferred shares at $26.64 each for a total of $183.7 million. The other half ...
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Article
Caleres slashes profit expectations after mixed results
Caleres has posted mixed results for the third quarter ended on Nov. 3. The group's consolidated sales for the quarter remained flat at $775.8 million, with a decline at its Famous Footwear retail chain offset by higher revenues from its growing portfolio of wholly-owned footwear brands including Allen Edmonds, Blowfish ...
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Short stops
After launching its Google Shopping Actions in the U.S. in...
After launching its Google Shopping Actions in the U.S. in March, Google is reportedly planning to launch its marketplace also in Europe next year, starting with a beta test that has started France with big retailers like Auchan, Carrefour, Boulanger, Darty and Fnac
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Article
Italy’s Spernanzoni seeks partners to expand abroad
Spernanzoni, a family-owned company that trades under the Spernanzoni and Il Gergo brands, is looking for a partner to expand its business internationally. The upmarket Italian shoemaker, located in the Marche region, was created in 1965 by the late Vittorio Spernanzoni and continues to be run by his three children.In ...
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News briefs
In celebration of his 40-year career, Manolo Blahnik was named...
In celebration of his 40-year career, Manolo Blahnik was named a Luxury Legend at this year's Walpole British Luxury Awards, on Nov. 19. Alison Loehnis, president of Net-a-Porter and Mr Porter, was named a Luxury Leader. Founded in 1992, Walpole is a non-profit “official sector body” representing 210 luxury brands ...
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News briefs
After over 30 years of activity in the women's segment,...
After over 30 years of activity in the women's segment, Vic Matié is launching a men's collection for autumn-winter 2019/2020. It will be largely unisex and positioned at the entry price level of the luxury segment, targeting mainly fashion boutiques and department stores worldwide. The collection will be presented, along ...
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Article
Italy made 5% fewer shoes in Q3
Italy's shoe production fell by 5.0 percent in volume in the third quarter of 2018, resulting in a 2.4 percent decline for the first nine months of the year, according to a survey released by the Italian shoe industry association, Assocalzaturifici.The association noted that domestic demand was not showing any ...
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News briefs
Schuhe24 is entering the Swiss market. The online shoe retail...
Schuhe24 is entering the Swiss market. The online shoe retail portal that was created four years ago by Dominik Benner, a German shoe retailer and former member of ANWR's supervisory board, has signed a cooperation agreement with Digitec Galaxus, the leading online retailer from Switzerland. According to Digitec Galaxus, it ...
