All Shoe Intelligence articles in Volume 21, Issue 9-10 – Page 3
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Article
Prada will further downsize its wholesale business
Prada has decided to further reduce its wholesale business to control its pricing policy better as it seeks to erase markdowns in its directly operated stores. The group said that the move is “essential to ensure greater consistency in pricing policies” in physical stores and online. This will enable it ...
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News briefs
At least a couple of footwear brands are exploring the...
At least a couple of footwear brands are exploring the use of wool in footwear, and they are doing this in collaboration with specialists. BasicNet, which bought Sebago from Wolverine Worldwide last year, is using Solaro, a bio-based fabric made of wool and nylon, in a new line of Docksider ...
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News briefs
Caprice, the shoe brand owned by Wortmann, has reorganized its...
Caprice, the shoe brand owned by Wortmann, has reorganized its middle management structure, effective from May 1. The newly created positions are filled by people who are already familiar with the German firm. Christian Burmeister, 33, was appointed head of international sales & e-commerce. He has held several positions at ...
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News briefs
Leonardo Ferragamo, a member of both Salvatore Ferragamo's board of...
Leonardo Ferragamo, a member of both Salvatore Ferragamo's board of directors and the family that controls the firm, has created a new holding company, called Sawa, to manage part of his personal interests. Sawa is the contraction of the first names of his parents, Salvatore Ferragamo and Wanda Miletti. The ...
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Short stops
Michael Kors has left the board of directors of Capri...
Michael Kors has left the board of directors of Capri Holding, the company formerly called Coach that has bought his eponymous brand, but he will remain as honorary chairman
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News briefs
Boa Technology, the maker of the patented Boa Fit System,...
Boa Technology, the maker of the patented Boa Fit System, is launching its first consumer campaign, entitled Dialed In, to inspire consumers to get “dialed in” to Boa products. In addition, the company has announced the launch of its revamped global web-based platform, at Boafit.com.
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Article
Farfetch continues to bleed red ink
It will certainly take more time for Farfetch to make a profit, as it has been the case for older e-tailers like Amazon and Zalando. While the online luxury marketplace grew more strongly than expected in the first quarter ended on March 31, with its revenues rising by 38.6 percent ...
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News briefs
Vögele Shoes opened its biggest store in the Swiss market...
Vögele Shoes opened its biggest store in the Swiss market on May 2. The new three-level store, which was designed in line with a new store concept that includes digital elements, offers a wide range of products on 1,500 square meters of retail space. To celebrate its opening, Vögele offered ...
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Article
Better-than-expected results for Alibaba
Despite the Sino-U.S. trade war and a slowing domestic economy, the Chinese e-commerce giant recorded strong revenues for its fourth fiscal quarter ended on March 31, 2019, which topped analysts' estimates.Alibaba's sales rose by 51 percent from the year-ago quarter to 93,500 million yuan renminbi (€12.1bn-$13.6bn), led by the core ...
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News briefs
Mr Porter, YNAP's menswear e-tailer, is launching Best of British...
Mr Porter, YNAP's menswear e-tailer, is launching Best of British Loafers, an exclusive capsule collection focusing on British heritage. The collection features contemporary loafers from seven different brands which also highlight the importance of classic style to luxury menswear. The brands taking part in the collection include Church's, Cheaney, John ...
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News briefs
Bernd Hummel, the long-time German-based licensee of Pentland Group for the Kangaroos brand,...
Bernd Hummel, the long-time German-based licensee of Pentland Group for the Kangaroos brand, has appointed Andreas Hemprich as European senior key account manager for its recently launched Rooskickx brand of children's sneakers. The 37-year-old joined Kangaroos on May 1. He reports directly to Daniel Kraus, vice president for marketing and sales at Kangaroos. ...
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Short stops
Berluti is opening a new store in Monte Carlo, Monaco...
Berluti is opening a new store in Monte Carlo, Monaco
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Short stops
Dr. Martens is opening a second store in Berlin...
Dr. Martens is opening a second store in Berlin
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News briefs
Panorama Berlin will further expand its fashion and lifestyle segment...
Panorama Berlin will further expand its fashion and lifestyle segment in July by adding a new hall to the show. In a new Hall 7, visitors will check out fashion trends for celebrations and special occasions and place direct orders for various fashion items, for promotional evenings, weddings and such. ...
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Article
Shoe Zone benefits from falling rental costs
Shoe Zone saw revenues slip to £73.00 million pounds (€83.27m-$92.94m) in the first half ended on March 30 from £73.67 million a year earlier, but the British low-cost shoe retailer's pre-tax profit rose marginally to £1.02 million (€1.16m-$1.30m) from £0.96 million thanks to lower rental costs.The gross product margin increased to 62.0 ...
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News briefs
StockX, the U.S.-based sneaker resale platform, has begun to operate...
StockX, the U.S.-based sneaker resale platform, has begun to operate in Germany by taking part in conferences and other events. Its first European launch, in October of last year, was in the U.K., with Italy and France coming next. StockX' shoes, whose quality is certified in London, are already sold ...
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News briefs
Régis Feuillet has been elected as the new president of...
Régis Feuillet has been elected as the new president of the French Shoe Industry Federation (FFC), replacing Claude-Eric Paquin. He is the managing director of Richard Pontvert, the French company that manufactures and sells the Paraboot line of shoes, using its own recently modernized factory in France. He joined the ...
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News briefs
In a further step toward becoming an online marketplace, Instagram...
In a further step toward becoming an online marketplace, Instagram has launched its own internet retail account internationally under @shop. Its own team recommends products such as shoes, handbags and pullovers, tracking trends and posting their pictures on its social media platform, which is owned by Facebook, just like its ...
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News briefs
Josef Renner has become the new chief executive of Ferdinand...
Josef Renner has become the new chief executive of Ferdinand Richter, the Austrian children's shoe producer. He has been involved in sales at Legero since 2001. Prior to that he worked at Leder & Schuh, starting as a buyer in 1986. Renner takes the place of two joint managing directors ...
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News briefs
Zalando wants to reinforce its partnership with brick-and-mortar stores because...
Zalando wants to reinforce its partnership with brick-and-mortar stores because it is losing about 20-30 million transactions per year, which equals about €1 billion in sales, due to a lack of stock in its own warehouses. Zalando is already working with more than 1,000 shops in Germany, but wants to ...
