All Shoe Intelligence articles in Volume 22, Issue 11+12 – Page 6
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ArticleWGSN sees three major consumer groups emerging from the crisis
The coronavirus pandemic has accelerated societal changes and is forcing industries worldwide to adapt to the resulting changes in consumption. Thus, WGSN has set out to predict what consumers will be looking for in the next couple of years.
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Article
Macy’s’ credit rating downgraded to ‘BB’ by Fitch
Macy’s credit rating was cut by Fitch , as, like many other American department stores, the retailer suffered from coronavirus-related lockdowns and has seen its leverage increase.
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Article
Jimmy Choo returns to last’s year sales levels in China
Jimmy Choo has returned to last year’s sales levels in Mainland China over the past two months, as volumes gradually built up since the end of the coronavirus-related lockdown in the country. Capri Holdings , which owns the shoe maker along with the Versace and Michael brands, pointed ...
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News briefs
Prada sales rise over 10% in China in May
Prada ’s sales in China rose “significantly” more than 10 percent in May compared with April, the company’s chief executive officer Patrizio Bertelli told Bloomberg TV . But, the rise is still far from sufficient to compensate for the decline in sales in the country following the lockdowns introduced ...
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News briefs
Superga reopens its stores in Spain
Superga , which is owned by the Italian group BasicNet along with brands such as Kappa , K-Way , Sabelt and Sebago , about a week ago reopened its three Spanish mono-brand stores that had been shuttered during the nationwide lockdown caused by the Covid-19 pandemic. The ...
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News briefs
Adidas teams up with Allbirds
Adidas announced a collaboration with Allbirds, the well-known American brand of sustainable footwear, to develop the sport performance shoe with the lowest-ever carbon footprint. The project will involve exploring recyclable material resources as well as the use of renewable energies in manufacturing and transportation. Adidas said the project is part ...
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News briefs
Vida Shoes laying off staff, cutting wages
U.S. footwear group Vida Shoes International is laying off staff and temporarily cutting salaries of employees as the Covid-19 crisis makes cost-cutting measures necessary. Vida did not reveal how many workers would be affected by the measures. The company said its restructuring would also involve an intensified focus on ...
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News briefs
Klaus Magele leaves Salamander Austria
Klaus Magele , chief executive of Salamander Austria , will be leaving the company after 25 years. Salamander Austria, which is owned by the Ara Group , manages the Salamnder stores in Austria as well as Hungary, the Czech Republic, Poland and Slovakia. The Delka shoe retail chain is ...
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Article
Steve Madden posts $17.5m loss in Q1
After a great year in 2019, Steve Madden was hit hard by the coronavirus pandemic and posted lower-than-expected results for the first quarter. The New York-based company recorded a net loss of $17.5 million, compared with a net income of $34.5 million for the year-ago quarter. Revenues decreased by ...
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News briefs
ANWR, Sabu and HDS/L to set up new seasonal schedule
ANWR and Sabu , two of the major German shoe retailing cooperatives, have decided to set up a new seasonal schedule for the presentation of new products in concert with HDS/L , the German shoe and leathergoods industry association. Many partners from the shoe, leathergoods and textile industries have ...
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News briefs
boohoo fully acquires prettylittlething.com
boohoo , the UK fashion online retailer, has taken full control of prettylittlething.com (PLT) by buying out its minority shareholders Umar Kamani and Paul Papworth in cash and shares. boohoo is paying an initial consideration of £269.8 million (€300.2m-$332.4m) for the 34 percent it does not ...
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ArticleFerragamo calls back Michele Norsa as deputy chairman
Salvatore Ferragamo reformed its corporate governance and appointed its former chief executive Michele Norsa , 71, as executive deputy chairman, rekindling speculation of a possible change of ownership.
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News briefs
Micam Americas postponed to Sept. 29-Oct. 1
Informa Markets , a British organizer of exhibitions and events, has postponed to Sept.29-Oct.1 its summer edition of the Las Vegas fashion marketplace that features Micam Americas and two other important events, WWDMagic and Project . The shows were previously planned for Aug. 17-19. The venue is the ...
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Article
UK stores look to June 15 reopening with concern
The UK’s non-essential retailers are getting ready for a June 15 reopening date, after retail sales volumes tumbled in the wake of lockdown measures imposed to slow the spread of the Covid-19 outbreak. But, shopkeepers are concerned about the business environment, and more than a third of women and youth ...
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News briefs
Tempe’s 2019 sales rose by 6.2% to €1.4 billion
Tempe , the Spanish unit of Inditex that develops and distributes shoes and accessories for the group’s eight brands, including Zara , Pull Bear and Massimo Dutti , recorded an increase in sales of 6.2 percent to €1.4 billion last year, while its net profit rose ...
