All Shoe Intelligence articles in Volume 21, Issue 21-22
View all stories from this issue.
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Article
Shoe Zone’s revenues progress
Shares in the British low-cost footwear retailer jumped by more than 8 percent after it reported a sales increase for the year ended on Oct. 5, 2019, while profits matched analysts' expectations.Revenues rose by 0.8 percent from the previous year to 161.9 million pounds (€187.5m-$207.8m), lifted by the retailer's new ...
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Article
Variable speeds in the luxury market
The demand for footwear will be one of the main drivers of growth in the luxury market over the next few years. According to the Luxury and Cosmetic Financial Factbook 2019, published by Ernst and Young (EY), sales of footwear will grow at a compound annual growth rate (CAGR) of ...
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Short stops
Mephisto has opened its third store in New York at...
Mephisto has opened its third store in New York at 488 Madison Avenue
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News briefs
McKinsey has issued a report on sustainability for purchasing officials...
McKinsey has issued a report on sustainability for purchasing officials in the fashion industry, entitled “Fashion's New Must-have: Sustainable Sourcing at Scale.” The report, which is the fifth in the series since 2011, highlights that social and environmental sustainability has grown as a major priority for apparel companies, and not ...
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Article
Zalando improves results
For the first time in its history, Zalando received more than a billion visits to its web stores in a single quarter, or a total of 1,000.3 million, up by 37.3 percent year-on-year from 728,700. The share of mobile visits was 84.8 percent. The number of active customers reached 29.5 ...
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News briefs
Gucci is opening themed pop-up stores in various parts of...
Gucci is opening themed pop-up stores in various parts of the world, with an emphasis on big cities – Chengdu, São Paulo, Taipei, Mexico City, Dubai and Bangkok – that have relatively few brick-and-mortar points of sale. The “Gucci Pin” pop-ups will come in three waves, each with a separate ...
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Article
Grendene improves its profitability
Thanks to several cost-cutting measures – including staff reductions – the parent company of Ipanema, Grendha, Rider and Melissa returned to profit growth in the latest quarter, after several months of declining earnings. The company also benefited from a one-off tax refund of 38 million reais (€8.3m-$9.2m). However, sales continued ...
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Short stops
In the seven months to July, Japan's imports of footwear...
In the seven months to July, Japan's imports of footwear rose by 3.5 percent to $525 million while exports fell by 9.5 percent to $56 million
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News briefs
Marypaz, a low-priced Spanish footwear retailer, has filed for insolvency...
Marypaz, a low-priced Spanish footwear retailer, has filed for insolvency proceedings after a local private equity firm, Black Toro, which rescued the company in 2016, failed to find €15 million in working capital to pay suppliers, according to the daily Cinco Dias. In 2016, after a debt restructuring procedure, Black ...
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Article
Zalando is raising standards and fees
Zalando has taken a series of measures to make its delivery services more efficient, to increase revenues and profitability, and to reduce the environmental impact of its operations. One such measure is to terminate home pick-up for premium German customers who wish to return items.This service, which was part of ...
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News briefs
At this year's Micam show in February, a team from...
At this year's Micam show in February, a team from the Católica Porto Business School conducted a blind test to elucidate perceptions of footwear made in Portugal. Specifically, they sought to determine the effects of communication from Apiccaps, Portugal's footwear and leathergoods industry association; the influence on customers of knowing ...
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News briefs
At the start of its next fiscal year, on Feb....
At the start of its next fiscal year, on Feb. 2, 2020, Genesco will be promoting Mimi Eckel Vaughn from senior vice president and chief operating officer to president and chief executive. She will be succeeding Robert J. Dennis, who has spent nine years as chairman and 11 as president ...
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News briefs
The ITE Group, which owns several fashion trade shows in...
The ITE Group, which owns several fashion trade shows in the U.K., is changing its name to Hyve Group. The group runs about 120 events – among them Pure London, Jacket Required, Moda and Scoop – in 14 countries. The rebranding is a late stage in the group's “Transformation and ...
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News briefs
Timberland has opened its first “purpose-led” flagship store in Europe...
Timberland has opened its first “purpose-led” flagship store in Europe at 5-7 Carnaby Street in London, following the opening of similar stores in Philadelphia and New York. The 2,594-square-foot store in London features living trees, a real green wall and other natural elements. The purpose is to combine nature with ...
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Article
Ferragamo reports some encouraging results
Salvatore Ferragamo posted a slowdown in sales and a worsening in operating margins in the third quarter, largely due to a negative trend in North America and a collapse in sales in Hong Kong stemming from the protests in the former British colony. But, operating earnings were higher than the ...
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Article
VF reshuffles EMEA functions
In a reshuffle of roles at VF Corporation's Swiss headquarters for Europe, the Middle East, and Africa (EMEA), the group has installed Mariano Alonso as the new managing director of Timberland for the region, effective from Nov. 1. He succeeds Timo Schmidt-Eisenhart, who will become the president of the group's ...
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Article
Putting soles in the eco game
The rise in eco-consciousness is having an effect. An increasing number of people around the world simply don't want the products they buy to end up in landfills or incinerators, and they are voting for environmental changes with their wallets.In the footwear industry, one company feeling the pressure is the ...
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News briefs
The latest Social Innovation Tournament, held in Dublin and sponsored...
The latest Social Innovation Tournament, held in Dublin and sponsored by the European Investment Bank, has named its finalists. Zouri Shoes, the Portuguese company that develops ecological and vegan footwear, has won second-best project of the year in the circular-economy category, beating many of the 200 other proposals from all ...
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Article
Tod’s posts a lower-than-expected drop in sales
After a string of disappointing quarterly sales figures, Tod's beat market expectations by about €2 million in the third quarter, resulting in a top line of €677.7 million for the first nine months of the year. However, sales were down by 4.0 percent on a reported basis and down by ...
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Article
Vans and The North Face drive VF’s results
Despite strong earnings and robust sales, VF Corp. posted results in the latest quarter that missed Wall Street's expectations. Total sales improved by 5 percent to $3,393 million for the company's second fiscal quarter ended on Sept. 30, or by 7 percent in constant currencies. Adjusted to exclude the spin-off ...
