All Shoe Intelligence articles in Volume 22, Issue 11+12 – Page 4
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ArticleMaterial Exchange rides the digitalization wave
Material Exchange , an online platform for the procurement of materials based in Stockholm, has seen growth in the number of its footwear and fashion supplier and brand members accelerate as the Covid-19 pandemic gives a new impetus to digitalization.
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News briefs
Daniel Kraus leaves Bernd Hummel
On May 31, Daniel Kraus left Bernd Hummel , the German-based licensee of Kangaroos and owner of the Flip Flop brand. In May 2018, Bernd Hummel had appointed Kraus to the newly created position of vice president for sales and marketing, responsible for sales of the ...
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News briefs
Hunter secures £18.5 million funding
Hunter Boots has received rescue funding to help it cope with the economic repercussions of the coronavirus crisis, and to support future growth. According to a report by the London Evening Standard citing the company, Hunter’s existing backers have agreed to inject £18.5 million (€20.8m-$23.5m) into the business. ...
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News briefs
Sebago in co-branding partnership with Baracuta
Sebago , the brand owned by Italy’s BasicNet , has joined forces with British fashion group Baracuta for a new spring-summer 2020 capsule collection known as “Sebago with Baracuta”. The collection hit stores in late May after a preview at the Pitti Immagine Uomo trade fair in June 2019 ...
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News briefs
Klekt taps Sally Scott as first CEO
Online sneaker and streetwear marketplace Klekt hired Sally Scott to be its chief executive, a newly created position at the group. Scott comes to Klekt from beauty box subscription service Birchbox , where she was UK managing director from July 2018 until February 2020.
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News briefs
McArthurGlen to launch rent relief package for its retail partners
McArthurGlen , the international operator of designer factory outlet centers, has launched a rent relief package for its retail partners until the end of this year. The group is waiving all minimim base rent, turnover-based rent and marketing charges for tenants in all of its centers that were closed from ...
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News briefs
Germany’s VAT cut may hit retailers across the border
Germany decided on June 3 to reduce the value-added tax (VAT) rate on non-food products to 16 percent from 19 percent, starting from July 1 and through the balance of this year, to give a boost to consumption and the economy. It has also cut the VAT rate for restaurants ...
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News briefs
Wolverine performs better than expected
Wolverine Worldwide told analysts at the Baird 2020 Global Consumer, Technology, and Services Conference on June 4 that its sales were better than expected in the first nine weeks of its second quarter, falling by less than 50 percent overall. The impact of the coronavirus-related retail lockdown was ...
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News briefs
Pitti fairs postponed from September to January
In what its president, Claudio Marenzi , calls a “painful but inevitable” decision, Pitti Immagine is postponing all its physical trade shows in Florence from September of this year to January 2021. After a meeting of Pitti Immagine’s board of directors, Marenzi justified the decision with the fact that ...
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News briefs
Phillip Lim partners with The RealReal to sell unsold stock
The American fashion brand designer Phillip Lim has struck an agreement with the online luxury consignment marketplace The RealReal to sell unsold items from previous collections of the 3.1 Phillip Lim brand at discounted prices, reported WWD . Brand products are placed in a dedicated online shop ...
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News briefs
Buffalo to launch vegan shoe collection
Buffalo , the German footwear brand acquired by Deichmann in October 2016, launched its first vegan shoe models, developed in cooperation with the designer Marina Hoermanseder . The collection for the forthcoming autumn/winter season consists of five shoe models that are wholly made with vegan materials. They will be ...
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News briefs
EU clears Permira’s purchase of Golden Goose
The European Commission has cleared the acquisition of the Italian firm Sneakers Maker , the owner of luxury footwear and apparel brand Golden Goose , by the private equity firm, Permira because the deal does not raise competition concerns. Permira, which is buying the company from fellow private equity ...
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News briefs
Premium Group to launch digital trade show format
By banning trade shows and mass events in Berlin through Oct. 24, the local senate has caused the cancellation of the Premium and Seek fashion trade shows. Thus, the Premium Group, which organizes them, has decided to launch a new digital trade show format. Together with a ...
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News briefs
Walter Breuer to leave Think!
Walter Breuer, long-time chief executive of Think!, is leaving. This shoe brand is owned and managed by Legero United, the Austrian-based footwear group that also markets brands such as Superfit, Legero and Vios. Legero United is integrating Think! into the sales organization of its Superfit and Legero shoe brands, and ...
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News briefs
Timberland continues to invest in regenerative agriculture
Timberland has partnered with the Savory Institute , a non-profit focused on the large-scale regeneration of the world’s grasslands, to build a regenerative leather supply chain. This new initiative builds on the brand’s announcement, in November 2019, of a collaboration with Other Half Processing to build a leather ...
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News briefs
Felix Finger has left the HR Group
Felix Finger , a member of the executive board of the Hamm-Reno Group , left the German shoe retailing company on March 31 by mutual agreement. He was responsible for IT, logistics and e-commerce. Finger joined the HR Group in 2002 and was mainly responsible for the development of the ...
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News briefs
Görtz calls for sales-related store rental contracts
According to a German trade magazine Schuhkurier , Görtz is asking for more flexible rents for the shoe retail industry. The Hamburg-based shoe retailing company, which has already reopened all of its 180 stores in the country, is calling for an adjustment of rental costs following the retail lockdown ...
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News briefs
Schuhe24 to connect its retailers with another platform
The Schuhe24 group, the German-based company that owns and manages the Schuhe24, Outfits24 , Sportmarken24 and Taschen24 online marketplaces for independent shoe, sporting goods and fashion retailers, has joined forces with Locamo , another German-based company that manages regional online marketplaces. It currently offers about three million ...
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News briefs
GMS offers to renegotiate rents for its members
Introducing a new service, GMS , the German voluntary group of shoe retailers, is offering to renegotiate rents with landlords on its members’ behalf. GMS would coordinate each single procedure beforehand with its members and would then take over the negotiations, if so desired. Many independent retailers have managed ...
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News briefs
Leomil to take over European license for Lee Cooper brand
Leomil , the Dutch shoe company that belongs to the Cortina Group , has taken over the European footwear license for the Lee Cooper brand. Leomil will develop its first shoe collections for women, men and children for the spring/summer 2021 season, presenting them in June. The licensing deal ...
