All Shoe Intelligence articles in Volume 21, Issue 9-10 – Page 2
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Article
Sioux’ Portuguese plant shuts down
The Portuguese factory of Sioux, the German group best known for its comfortable moccasins, closed its doors a few weeks ago, filing for insolvency at the beginning of May. About 150 people at the factory, located in the area of Lousada, are affected by the decision, and some of them ...
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News briefs
A new site to showcase France's shoe manufacturing and design...
A new site to showcase France's shoe manufacturing and design tradition has been inaugurated in Romans-sur-Isère, in southeastern France. “La Cité de la Chaussure” (French for “Shoe City”) is a €3.3 million privately funded project gathering together start-ups and artisans, who can produce and sell their creations in the same ...
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News briefs
Moreschi has signed a deal with Italy's Giglio Group to...
Moreschi has signed a deal with Italy's Giglio Group to help the footwear brand expand its online sales in Europe and the U.S. through its iBoxDigital platform. Giglio says it is helping similar companies to work with the most important fashion-oriented marketplaces.
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Article
Van Dal takes over Padders
The Florida Group, owner of the Van Dal brand of shoes, has completed the acquisition of T. Groocock & Co., owner of Padders. The terms of the contract were not disclosed. T. Groocock, which takes its name from the man who founded the company in 1914, will be renamed Padders ...
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News briefs
Tax-free sales to Middle Eastern customers in Milan's Montenapoleone district,...
Tax-free sales to Middle Eastern customers in Milan's Montenapoleone district, the high-end shopping area in town, jumped by 56 percent in the first quarter of 2019. According to recent data from Global Blue, the average spent also increased significantly, with a 19 percent rise versus the same period in 2018. ...
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Article
Zalando expands its customer reach
Zalando reported that the number of active customers increased by 14.1 percent year-on-year during the first quarter of 2019 to 27.2 million, with site visits rising by 29.5 percent to 924 million. The larger customer base placed more frequent orders than before. The number of orders per active customer grew ...
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Article
Crocs’ first-quarter revenues exceed expectations
Crocs' revenues reached $295.9 million in the first quarter ended on March 31, growing by 4.5 percent from the first quarter of 2018, or by 9 percent on a constant-currency basis, despite the negative impact of store closures and changes in the business model, which reduced revenues by around $6 ...
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News briefs
Le Coq Sportif and Opium, a dedicated sneaker shop in...
Le Coq Sportif and Opium, a dedicated sneaker shop in the dead center of Paris, have collaborated on a limited-edition sneaker. Based on the Freestyle, a mountain-bike shoe from Le Coq's back catalogue, the LCS R1000 was designed in part by – and exists in tribute to – the three ...
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Article
Tod’s continues to post disappointing sales
Tod's disappointed investors again, with its first-quarter top line missing market expectations by about €3 million, and the group failing to fulfill its pledge of relaunching sales, a task that was due to be achieved in the second half of 2018.In the first quarter, group sales dropped by 4.3 percent ...
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News briefs
Tapestry, the parent company of Coach, Stuart Weitzman and Kate...
Tapestry, the parent company of Coach, Stuart Weitzman and Kate Spade, has announced the release of its new 2025 corporate responsibility goals. Among its environmental targets are the sourcing of 90 percent of leather from eco-friendly tanneries, the reduction in greenhouse gas emissions by 20 percent, the 95 percent traceability ...
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Article
Deichmann closes its Roland stores
Deichmann has decided to stop trading under the Roland banner, closing its 45 stores in Germany by the end of 2020, after major investments in the format, to focus on MyShoes. The big shoe retailing group said it took the decision due to structural changes in the shoe retail market, ...
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Article
Cinven is reportedly in informal talks to sell Kurt Geiger
Cinven, the British private equity investment company that bought Kurt Geiger in 2015 for £245 million (€278.7m-$311.3m), has held informal talks with new investors based in the U.S. to sell the British shoe retail chain, according to The Telegraph. The British daily newspaper named potential buyers like Steve Madden, Capri ...
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Article
Global luxury market to be driven by millennials and the Chinese
The global luxury market was worth €920 billion in 2018, and is expected to grow at an average annual rate of 4.6 percent until 2025. Millennials are expected to bring 130 percent of 2018-25 market growth, growing from 32 percent to 50 percent of the personal luxury market in that ...
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Article
A new generation of Chinese luxury consumers
The global luxury market will be massively impacted by a new generation of Chinese consumers in the coming years. According to McKinsey's “China Luxury Report 2019,” based on UnionPay transaction data, the Asian country will have generated 65 percent of the world market's growth from 2018 to 2025, and will ...
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News briefs
Spain's Chie Mihara is launching an updated version of its...
Spain's Chie Mihara is launching an updated version of its web store in English, Spanish and French, welcoming orders from 82 different countries. Reportedly, the company had sales of €14 million last year, servicing more than 600 stores around the world.
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News briefs
Two Spanish labor unions, UGT Fica and CCOO Industria, have...
Two Spanish labor unions, UGT Fica and CCOO Industria, have come to a preliminary consent with Fice, the Spanish shoe industry federation, for a new, three-year collective bargaining agreement to cover Spain's footwear industry. Among other points, the parties have agreed to annual wage raises of 2 percent, payroll disbursement in ...
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Short stops
Thomas Camille is replacing Jean-Marc Tailleu as general manager of...
Thomas Camille is replacing Jean-Marc Tailleu as general manager of Pataugas
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Article
The Flexx buys Rapisardi
The Flexx, which has made a name for itself as a producer of comfortable and fashionable shoes that use the stitch-and-turn process, has made two important investments. It has taken over 90 percent of the shares in NR Rapisardi, a small supplier of women's shoes in Florence. Also it has ...
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Article
Xtep will buy the parent of K-Swiss and Palladium
Xtep International Holdings, the Chinese sportswear group that announced in March a joint venture with Wolverine Worldwide for the sale of Merrell hiking gear and Saucony running shoes in mainland China, has agreed to buy a 100 percent stake in E-Land Footwear USA, the owner of K-Swiss, Palladium, Supra, PLDM ...
