All Shoe Intelligence articles in Volume 22, Issue 17+18 – Page 3
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News briefsHannah Colman confirmed as Jimmy Choo’s CEO
Hannah Colman has been appointed chief executive officer of the luxury shoe maker Jimmy Choo, reporting to John Idol, the chairman and CEO of the parent company, Capri Holdings. She has been holding the job on an interim basis since May. Colman was one of the brand’s earliest employees when ...
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ArticleShoe Carnival’s sales soar to record highs in Q2
After a difficult first quarter, Shoe Carnival recorded a strong rebound in sales in the second fiscal quarter ended Aug. 1, led by e-commerce. The American footwear retailer reported record revenues that were up by 12.1 percent year-on-year to $300.8 million, exceeding the previous record set in the third quarter ...
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News briefsWalmart launches Walmart+ membership program
Walmart is launching the membership program Walmart+, its much anticipated response to Amazon Prime. Membership will be available to all U.S. customers on Sept. 15. It will cost $98 a year or $12.95 a month and includes a 15-day free trial period. Members will receive unlimited free delivery from stores, ...
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ArticlePayPal to launch buy now, pay later solution in Q4
PayPal, the American online payment provider, announced that it will launch early in the fourth quarter “Pay in 4”, a short-term installment payment scheme for customers in the U.S. The service will permit merchants to be paid upfront while customers can pay for purchases between $30 and $600 over a ...
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Article
Profectus appoints new sales managers for Brax license
In the wake of a management shake-up at the German casual fashion brand Brax, the footwear licensee Profectus Brand Construction has appointed new area sales heads after Ralf Düsterdiek, the brand’s sales manager, stepped down in July this year, after just seven months in the job to join Ara Shoes. ...
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ArticleMK Gruppe and Merkur Shoe Group join forces
The German purchasing groups MK Gruppe and Merkur Shoe Group have struck a deal to work together in a bid to tackle and respond to the changes in the footwear market through a shared strategy. The collaboration is set to start with the orders for the autumn/winter 2021 season ...
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ArticleANWR expands sales channels by partnering with Gaxsys
ANWR, the German purchasing association, has created an interface to Gaxsys’ order fulfilment system, providing its affililiates with another important sales channel. ANWR’s members can sell via the association’s own platforms shoes.de, Sport2000 and Bagmondo. But, ANWR’s software solution Qualibet also enables them to offer their products to online marketplaces ...
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ArticleWalmart eyes TikTok’s U.S. business as it reviews it e-commerce business
The U.S. retailer Walmart is interested in bidding jointly with the software group Microsoft for the U.S. business of the Chinese videosharing app TikTok as it continues to review its e-commerce activity. In a statement, Walmart noted that that the way TikTok has integrated e-commerce and advertising capabilities has been ...
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News briefs
Russian shoe market may recover from mid-2021
The most optimistic forecast envisages that the sales on the Russian fashion market will recover only around mid-2021, Anna Lebsac-Kleimans, director of the Russian analytical agency Fashion Consulting Group said. In 2020, sales are likely to contract by 25 to 40 percent compared to the previous year, she said. The ...
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News briefs
Zappos’ CEO Tony Hsieh steps
Tony Hsieh, 46, has retired as the chief executive of the online shoe and clothing retailer Zappos.com after nearly 20 years at the helm. He has been replaced by the company’s chief operating officer Kedar Deshpande. Zappos started as Shoesite.com, founded by Nick Swinmurn. The company’s name was changed to ...
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ArticleDeichmann unit vanHaren to buy 43 Brantano stores in Belgium
The Dutch footwear retailer vanHaren, a unit of the German retailer Deichmann, will take over 43 Brantano stores located in Belgium on Oct. 1. This represents less than half of Brantano’s more than 100 stores in the country. The details of the agreement still have to be defined, including the ...
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News briefs
Directa Plus's G+ graphene obtains patent for rubber outsoles
Directa Plus, an Italian producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, has been granted a patent in Italy for its G+ graphene that aims to improve the performance of rubber-based shoe outsoles. The patent covers both the formula containing G+ and the ...
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ArticleObuv Rossii parent launches capital hike to finance its development
OR PJSC, the parent company of the Russian footwear group Obuv Rossii, is planning to place additional shares worth 2.8 billion rubles (€31.7m-$37.4m) to finance the group’s development. The company is offering 28,264,000 new ordinary shares, which corresponds to 24 percent of the previously placed ordinary shares. In 2017, OR ...
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News briefs
Lanxess sells organic leather chemicals business, launches Adiprene Green
The German specialty chemicals company Lanxess is selling its organic leather chemicals business to TFL Ledertechnik. The purchase price is made up from a fixed component of €80 million and a performance-related component of up to €115 million. In addition, TFL will assume certain liabilities associated with the business. Lanxess ...
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News briefs
New flip flop brand FoamLife launches spring collection
FoamLife, a new brand of flip flops developed during the Covid-19 related lockdown in the U.K. by Daniel Macaulay, Karl Read, and Timo Mullen, has launched its maiden spring/summer collection to the wholesale trade. The collection comprises 12 men’s and 12 women’s designs. The materials include the use of ...
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ArticleSelfridges launches Project Earth
Selfridges has launched Project Earth, an initiative which explores “more sustainable ways to shop” by setting new sourcing standards and creating repair, resale and rental businesses. Under the scheme, the British department store pledges that by 2025 it will only stock products that respect its new sourcing standards on cotton, ...
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News briefs
UFG obtains G-Star RAW license
The Dutch company Unlimited Footwear Group (UFG), through its Brands-360 subsidiary, has obtained the license to produce adult footwear under the name of the jeans manufacturer G-Star RAW. Brands-360, which is responsible for licenses, will oversee the design, production, sales and marketing of the brand from the autumn/winter 2021 season. ...
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News briefs
APLF director Perrine Ardouin leaves
Perrine Ardouin is leaving her post as a director of the exhibition company APLF after 24 years in charge of the portfolio of trade fairs and events. She has decided to leave Hong Kong and move on to a new page of her life. After her departure, she will continue ...
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News briefsFinn Comfort and Kaufregional bring businesses and customers together
Finn Comfort, the German comfort shoe manufacturer, has joined the Kaufregional e-commerce platform in a bid to boost its visibility in the local market and gain access to an additional sales channel as the coronavirus crisis drags on. Finn Comfort was established 75 years ago in the small town of ...
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ArticleStella posts $9 million loss in H1
Stella International posted a net loss of $9.3 million for the first half, against net income of $39.2 million last year, on revenues that dropped by 32 percent to $511.5 million. The gross margin fell by 1.4 percentage points to 16.6 percent, due to cancelled or delayed orders, as well ...
