All Shoe Intelligence articles in Volume 22, Issue 17+18
View all stories from this issue.
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PDF NewsletterShoe Intelligence Newsletter: Vol 22 - 17+18
Micam’s exhibitor and buyer projections | ANWR footwear sales drop in first 7 months | Deichmann to buy 43 Brantano stores | Dr. Martens full-year sales up 48% | Office obtains rescue package | Tod’s posts operating loss in H1 | Tretorn reinforces its management team | Obuv Rossii in deal with Wildberries | Yue Yuen posts loss in H1 | Genesco foresees long back-to-school | Grendene’s sales tumble by 86% in Q2 | Timberland’s ambitious green goals
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Article
Shoepassion launches ID solution to buy shoes
The Shoepassion group, a multichannel shoe retailer based in Berlin that owns the Heinrich Dinkelacker brand of traditional high-end men’s shoes, has launched an identity management (ID) solution for the sale of footwear. The system was tested during the summer in a pop-up store at the Bikini shopping center in ...
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Article
Klarna valued $10.65 billion in funding round
Klarna, the Swedish provider of online payment services, raised $650 million in an equity funding round, which values the whole company $10.65 billion. Klarna claims that the valuation ranks it as the highest-valued private fintech in Europe and the 4th worldwide. The funding round was led by Silver Lake, a ...
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News briefs
Gabor has 500,000 pairs in stock for autumn/winter season
Gabor has around 500,000 pairs of shoes in stock for the current autumn/winter season to enable retailers to reorder at short notice. Orders can be made continuously through the B2B online shop. Telephone orders are also possible.
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Article
Obuv Rossii offers pick-up points for Wildberries clients
Obuv Rossii has concluded an agreement under which the clients of Wildberries, Russia’s largest online retailer, can pick up their orders in the stores of the Russian footwear group. The first pick-up points have started to operate in 100 Obuv Rossii locations in Siberia and the Far East. By the ...
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News briefs
Ferragamo posts €86 million net loss in H1
Salvatore Ferragamo posted a net loss of €86 million in the first half of 2020, down from a profit of €60 million a year earlier due to the impact of the Covid-19 pandemic. As previously reported, sales amounted to €377 million, declining by 46.6 percent year-on-year on a reported basis ...
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News briefs
Amazon hires extra 100,000 people in U.S., Canada
Amazon is hiring an additional 100,000 people in the U.S. and Canada on top of 33,000 corporate and technology jobs announced last week. The roles offer a starting wage of at least $15 per hour, and in select cities the online retailer is offering sign-on bonuses up to $1,000 ...
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News briefs
Ugg sponsors art exhibition in L.A.
Ugg is sponsoring the opening weekend of the Hammer Museum’s “Made in L.A. 2020,” an exhibition organized in partnership with The Huntington, the combination library, museum and botanical gardens in the Los Angeles suburb of San Marino. This fifth edition of the biennial will run from autumn through the end ...
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News briefs
Camper names Achilles Ion Gabriel global creative director
The Spanish shoe maker Camper has appointed Achilles Ion Gabriel as its global creative director. In 2019, the Finnish shoe designer was named creative director of the company’s sub-brand CamperLab. His first Camperlab collection was presented in January and has been available in the stores since the end of August. ...
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Article
Santoni sees 2020 sales down by 20-30%
Santoni expects 2020 sales to drop by 20-30 percent from the €83 million posted in 2019 due the impact of the Covid-19 pandemic. The Italian brand of high-end shoes anticipates to resume growing in 2021 but the target of reaching an annual turnover of €100 million within a couple of ...
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News briefsSuzanne McKenna manages Clarks brand
Suzanne McKenna was appointed managing director of C. & J. Clark International in August and is in charge of developing the core Clarks brand in all markets. She reports to the company’s chief executive Giorgio Presca, the former head of Geox and Golden Goose. McKenna was previously global head of ...
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News briefsCrocs sees Q3 sales up by 10%
Crocs expects third-quarter revenues to rise by about 10 percent compared to $312.8 million in the third quarter of 2019 thanks to ”exceptional consumer demand and strong sell throughs,” said Andrew Rees, president and chief executive officer. “We expect revenue growth of approximately 10% in the third quarter and anticipate ...
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Article
Tretorn reinforces its management team in its move to accelerate DTC shift
Tretorn, the Swedish footwear and outerwear brand, continues to reinforce its management team as it seeks to overhaul its business model and develop direct-to-consumer channels. In the summer of 2019, the company, which was established in 1891, appointed Magnus Månsson as its new chief executive. Before joining Tretorn, Månsson served ...
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News briefs
Vivobarefoot obtains B Corp certification
Vivobarefoot has obtained B Corporation certification, which is granted to businesses that “meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose,” according to B Lab, a non-profit organization that manages the certification scheme. Vivobarefoot was founded by its chief ...
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News briefs
Shoe Zone CEO and chairman increase their stakes
Anthony Smith, the chief executive of Shoe Zone, and Charles Smith, the company’s chairman, have increased their stakes in the British footwear retailer by buying the shares owned by Jeremy Sharman, a non‐executive director of the company who has decided to leave the board after holding a seat for nine ...
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News briefs
Buffalo beefs up its sales team
Buffalo, the German footwear brand acquired by Deichmann in October 2016, has hired three new sales representatives for the German and Austrian markets. Torben-Friis Steffen will oversee the East/West region in Germany, Klaus Kaiser will cover Southern Germany and Austria and Magnus von Dobbeler will be responsible for customers in ...
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ArticleANWR footwear revenues drop 19% in first seven months of the year
In the first seven months of this year, the total business volume of the ANWR Group went up by 53 percent to €10.2 billion, driven by a 76 percent increase to €8.6 billion in financial services, but the buying groups of ANWR suffered a 10.7 percent decrease in their own ...
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News briefs
Tamaris wins German Brand Award
Tamaris has won the German Design Council’s annual German Brand Award in the “Excellence in Brand Strategy and Creation” category for its Fashletics collection. The brand has credited the ad agency Men at Work for its “conceptual support.” Marlena Hanke, head of creation at Tamaris, describes Fashletics as a “combination ...
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News briefs
German shoe chain Dielmann seeks investors
On Sept. 1, the Darmstadt District Court opened creditor protection proceedings for the local footwear chain Schuhhaus Dielmann and the sports retailer Sporthaus Robert Hübner. Self-administration was decided for both companies. The previous managements stepped down from both companies in June with the application of so-called protective shield proceedings. The ...
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News briefsAra Shoes wants to modernize operations and cut jobs
Due to the coronavirus crisis, the German company Ara Shoes wants to accelerate the restructuring process it started in early 2020. This will include a workforce reduction at the Langenfeld site in order to compensate for the loss of sales this year and the negative forecast for the next two ...
