All Shoe Intelligence articles in Volume 22, Issue 15+16 – Page 2
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ArticleAlpargatas thrives abroad amid challenging context
Despite the economic impact of the coronavirus pandemic, Alpargatas, the parent company of Havaianas and Osklen, managed to grow its revenues abroad in the second quarter. Overall sales declined by 19.6 percent to 680.5 million Brazilian reais (€108.6m-$128.6m), while the gross margin expanded by 2.1 percentage points to 53.0 percent. ...
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ArticleFrench court clears André’s takeover by its former CEO
On July 28, a commercial court based in Grenoble, France, authorized François Feijoo to take over from Aug. 5 the footwear retailer André. The company filed for bankruptcy on March 23 after its owner Spartoo was unable to obtain sufficient financing to continue the business. Feijoo was the only investor ...
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News briefs
Tamaris introduces single-pair delivery from spring/summer 2021
Tamaris, the shoe brand owned by the Wortmann Group, will allow dealers within the European Union the possibility of reordering individual pairs, beginning with the spring/summer 2021 season. The service called “Endless Aisle” already underwent a pilot phase with Tamaris system partners. It is available only for the reorder business, ...
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News briefs
ANWR Group invests in online seminars to help retailers
The German ANWR Group estimates that orders for the next spring/summer season will be around 30 percent below the average volume of the past years. For this reason, the shoe retailing cooperative recommends its members to be even better prepared than usual and organized an online seminar, “Limit Planning.” A ...
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ArticlePrimark launches recycling for clothes, footwear, bags
Primark is rolling out a recycling programme across the U.K., inviting customers to donate clothes, textiles, footwear and bags from any brand to be reused, recycled or repurposed, with nothing going to landfills. Through the Primark In-Store Recycling Scheme, collection boxes will be available in 190 of the fast-fashion retailer’s ...
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News briefsKering H1 revenues down by 30%
Revenues of the French luxury goods group Kering amounted to €5,378 million in the first half, down by 29.6 percent year-on-year on a reported basis and by 30.1 percent on comparable structure and exchange rates due to the impact of the Covid-19 pandemic. The recurring operating income fell by 57.7 ...
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ArticleGeox sees gradual recovery after H1 sales drop by 39.0%
Geox has reopened all its directly-operated stores (DOS) temporarily closed due to the Covid-19 pandemic and is seeing a gradual recovery in its performance after first half sales took a hit from store closures during lockdowns. Yet it cautions that uncertainties about the “still very much ongoing” pandemic make forecasts ...
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ArticleVF expects some improvement in the second fiscal quarter
Despite posting steep declines in revenues and earnings for its first quarter ended on June 30, the management of VF Corp. insisted that the company is in a strong position to get through the coronavirus pandemic because of its “financial and operational rigor” and the progress it has made in ...
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ArticleHoka’s momentum saves Deckers’ quarter
Despite headwinds from Covid-19, and a 10 percent decline for Ugg, robust sales at Hoka One One helped Deckers Brands grow in its first fiscal quarter ended on June 30. They progressed by 2.3 percent from the same period last year to $283.2 million, or by 2.8 percent in constant ...
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News briefs
Ricosta doubles daily production in Germany
The German children’s shoe manufacturer Ricosta has doubled the daily production of shoes at its headquarters in Donaueschingen from 1,000 to 2,000 pairs. With this, the company wants to signal to its trading partners that it is still able to deliver despite the coronavirus crisis and intends to maintain its ...
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ArticleHotter Shoes to close 46 stores as CVA approved by creditors
UK footwear chain Hotter Shoes will press ahead with plans to close 46 stores after creditors approved a Company Voluntary Arrangement (CVA) to restructure the firm during the coronavirus pandemic. The CVA was approved by 99.5 percent of voting creditors, including an “overwhelming majority of landlords”, passing the legal 75 ...
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Article
Josef Seibel plans shoe factory in Africa
Josef Seibel Group plans to open a new shoe factory in Ukunda, Kenya, in autumn 2020. It is a humanitarian project by the German company’s chief executive, and president of the Federal industrial footwear and leather goods’ association HDS/L, Carl-August Seibel. He had already financed and built a primary school ...
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ArticleCrocs’ results boosted by e-commerce
While many brick-and-mortar stores were closed during the second quarter, Crocs saw record sales in e-commerce, as consumers migrated to online shopping during the pandemic. Revenues for the three months ended on June 30 declined by 7.6 percent from the year-ago quarter to $331.5 million, or by 6.0 percent on ...
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ArticleFerragamo sales improve in July after plummeting in Q2
Salvatore Ferragamo’s first-half sales amounted to €376.5 million, declining by 46.6 percent year-on-year on a reported basis and by 46.9 percent at constant currency rates. In the second quarter, revenues were down by 60.1 percent at current exchange rates and by 59.4 percent in local currencies when the impact of ...
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News briefs
Timberland hires new VP of global marketing
Timberland hired Drieke Leenknegt in June to be its vice president of global marketing and join its global leadership team. She is succeeding Argu Secilmis, who has become vice president of global apparel. Leenknegt will be liaising with the brand’s marketing regional teams, in the Americas, Asia-Pacific and Europe, the ...
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News briefs
Moda Made in Italy show cancelled
The Moda Made in Italy footwear trade show, that was scheduled to be held Sept. 27-29 in Munich has been cancelled. The March edition of the show had already been abandoned due to the Covid-19 pandemic. The Italian footwear association, Assocalzaturifici, which organizes the event, said that it will continue ...
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News briefs
Santoni to open a store in Milan
Santoni will open a store in Galleria Vittorio Emanuele, Milan’s iconic shopping arcade, which faces the city’s cathedal. In a public tender, the Italian manufacturer of luxury shoes offered to pay an annual rent of €589,000 for the 60-square meter store, which was previously occupied by the Italian fashion brand ...
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ArticlePrada first-half sales down by 40 percent
The Italian fashion house Prada posted first-half sales of €938 million, down by 40 percent at constant currency rates, as 40 percent of its retail network was closed on average from February to May, reaching a peak of 70 percent in April due to coronavirus-related lockdowns. Global retail sales were ...
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ArticleFootwear production is on the rise, while retailers review their strategy
Footwear manufacturers have returned to production levels ranging from an estimated 50-80 percent in India, China and Portugal after the havoc caused by the Covid-19 pandemic. But the outlook remains uncertain and the crisis has led some players to rethink distribution and retailing.
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News briefs
Canada Goose sends a signal with strategic hire of GM Footwear
Canada Goose appointed Adam Meek to the new role of general manager of footwear & accessories. Meek brings more than 20 years of global footwear experience to this role. Most recently, he served as senior vice president of product at Sperry (Wolverine Worldwide), where he led global product teams in ...
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