All Shoe Intelligence articles in Volume 22, Issue 15+16
View all stories from this issue.
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PDF NewsletterShoe Intelligence Newsletter: Vol 22 - 15+16
New records in footwear pre-Covid-19 | Moreschi in turmoil | Chaussea gets 128 La Halle stores | Geox sees gradual recovery | Jimmy Choo Q1 sales down by 67.7% | Ferragamo sales improve in July | VF sees better Q2 | Skechers posts loss in Q2 | Hoka saves Deckers | Crocs’ boosted by e-commerce | Alpargatas thrives abroad | Hotter Shoes to close 46 stores | Vögele Shoes focus on digitalization
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Article
Wildberries doubled H1 sales amid the Covid-19 pandemic
In the first half of 2020, the Russian online retailer Wildberries boosted turnover by 110 percent year-on-year to 178.7 billion rubles (€2.05bn-$2.42bn). In the second quarter alone, sales rose a record-breaking 123 percent to RUB 103.4 billion (€1.18bn-$1.4bn). In volume, sales tripled during the second quarter, when offline sales in ...
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ArticleNew records in footwear production and exports before Covid-19
Global production of footwear reached a record of 24.3 billion pairs in 2019, according to the latest edition of the World Footwear Yearbook, published annually by Apiccaps, the Portuguese industry association of footwear, leathergoods and related components. This new record marks a 21.2 percent increase from the production figure registered ...
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Article
German shoe industry joins forces to launch data sharing platform
Germany’s shoe industry has joined a wide-ranging alliance to set up a data exchange and clearing platform for the sector. The footwear buying groups ANWR and Sabu, the shoe and leather goods industry association HDS/L and the merchandise management providers ETOS and Brandt Retail groups have agreed on a joint ...
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News briefs
Golden Goose opens a store on Tmall Luxury Pavilion
The Italian luxury sneaker brand Golden Goose has opened a flagship store on Tmall Luxury Pavilion, the B2C marketplace of the Chinese group Alibaba. The store will carry some of the brand’s most iconic products such as the sneakers Superstar, Stardan, Pure and Yeah, along with a new collection of ...
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News briefs
Samuel Deichmann joins operational management team
Samuel Deichmann, 27, has joined the six-member operational management team of the family-owned Deichmann group. Since Aug. 1, he is in charge of digital innovation, investments and corporate development, including parts of the physical retailing activity. Samuel Deichmann is the fourth generation of the family involved in the German footwear ...
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ArticleZalando benefits from the lockdown as Q2 sales, profits surge
Zalando ‘s net profit rose to €122.6 million in the second quarter from €45.5 million a year earlier as its client base expanded. The German online fashion retailer now serves 34.1 million active customers across Europe, up by 20.4 percent year-on-year. Gross merchandise volume (GMV) increased by 33.0 percent to ...
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News briefs
Chanel buys Italian tannery Conceria Gaiera
The French fashion house Chanel has further tightened the control of its supply chain by buying the Italian tannery Conceria Gaiera that supplies leather for footwear and leathergoods, according to the website La Conceria. The tanner was founded in 1946 and is based in Robecchetto con Induno, Lombardy. It will ...
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News briefs
Russian customs wants to check parcels for counterfeit shoes
The Russian Federal Customs Service is seeking to obtain authorization from the government to inspect parcels entering the country for the presence of counterfeit products purchased through foreign online stores, according to Sergey Shklyaev, director of the trade restrictions department of the Customs Service. Shoes and clothes are the biggest ...
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News briefs
Roccamore donates profits to needy women
Roccamore has completed its pledge to donate all profits over a 30-day period to single mothers, female refugees and other women. The Danish footwear company, which uses scrap leather in its women’s shoes, ended up raising £15,000 for 75 women. It ran the campaign in collaboration with Dress for Success, ...
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News briefsKavat closing down some showrooms in digitalization move
Kavat, the Swedish family-owned company based in the shoe-making town of Kumla, is closing down its traditional showrooms in Düsseldorf, Oslo and Gothenburg as it intends to rely on a new B2B platform, scheduled to come on stream in August, and using flagship stores as showrooms and meeting places with ...
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News briefsHurley family takes over Simple
Kandui Holdings, founded by the Hurley family, has acquired the assets and intellectual property of the American brand Simple from KTSimple. Financial details were not disclosed. The acquisition is being carried through Simple Shoes, that will continue all ongoing operations with plans to enhance and evolve the Simple brand over ...
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News briefs
Louboutin moves Parisian store
The French luxury footwear brand Christian Louboutin has moved its Parisian store, previously 68 rue du Faubourg Saint-Honoré, nearer to the city center. The shop is now close to Place Vendôme, that hosts the Ritz. Situated at 400 rue Saint-Honoré, it covers 260 square meters over three levels, offering the ...
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News briefs
The shoe chains Sacha and Manfield go bankrupt in Belgium
The footwear chains Sacha and Manfield, representing a total of 17 stores and 140 employees, filed for bankruptcy in Belgium. But Termeer, the Dutch company that owns the banners, expects to restart the businesses. The chains’ stores in the Netherlands and their online activity are not affected by the filing. ...
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ArticleMoreschi’s relaunch is in turmoil
The Moreschi family is seeking to block the transfer of a 50.37 percent in the namesake company to Hurley, a Swiss company run by Guido Scalfi, on the grounds that an agreement to relaunch the company is not being respected. In a statement, the Moreschi family said “we will not ...
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News briefsAeffe’s leathergoods business H1 sales down by 21.4%
In the first half, Aeffe, the Italian fashion house that owns Pollini and other brands, suffered a decline in sales in its footwear and leathergoods division of 21.4 percent, both on a reported basis and in constant currencies, to €47.7 million due to the impact of the Covid-19 pandemic. The ...
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ArticleWeyco ends Q2 with loss, sales tumble by 72%
Weyco Group posted a net loss of $8.9 million in the second quarter, compared to net earnings of $1.5 million in last year’s corresponding quarter, on revenues that dropped by 72 percent to $16.7 million, hampered by store closures and lockdowns. During the past few months, the group adjusted its ...
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ArticleFashion retail in Russia fails to return to pre-crisis sales levels
In Moscow, turnover of the fashion retail market has stabilized at 72 to 75 percent of pre-coronavirus crisis levels, research conducted by the Moscow-based IT company Evotor showed. Fashion retail is recovering slower than other retail segments, and as of the end of July the growth in turnover on this ...
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ArticleAktiv Schuh files for bankruptcy as pandemic ravages sales
Aktiv Schuh filed for bankruptcy at the district court of Berlin-Charlottenburg on July 23, applying for self-administration due to an impending insolvency as a result a sharp decline in sales stemming from the restrictions caused by the coronavirus pandemic. After a promising start to 2020, sales dipped from March to ...
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ArticleJimmy Choo Q1 sales down by 67.7%
Jimmy Choo posted a 67.7 percent year-on-year decline in sales to $51 million in the first quarter ended on June 27 due to the impact of the Covid-19 pandemic. The operating loss was $29 million compared to an operating income of $11 million a year ago, resulting in a negative ...
