All Shoe Intelligence articles in Volume 22, Issue 19+20 – Page 4
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News briefs
Footaction sponsors a reggaetón documentary
Footaction is celebrating National Hispanic Heritage Month – from Sept. 15 to Oct. 15 in the U.S. – with a “platform” called La Música. It is in fact a short documentary, available online through social media, on four musicians of the reggaetón genre: Myke Towers, Brytiago, Arcangel and De La ...
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ArticleMicam, sister fairs attract 16,000 buyers
The footwear trade show Micam Milano, along with four other events representing the Italian fashion industry and that overlapped over a five day-period at the Fiera Milano Rho exhibition hall, attracted 16,000 buyers. The fairs united under the #strongertogether banner. The other events were Mipel, dedicated to leather goods and ...
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OpinionThe short- vs long-term perspective of retail recovery
Guest Article by Magnus Ohlsson The pandemic has led consumers to shift interests and behavior for now, but not necessarily forever. This also means that short-term gains and losses should not be translated into an everlasting future. It is important to take into the equation the brand performance of the ...
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News briefs
BIG buys Aldo U.K.
The U.K. arm of the Canadian footwear retailer Aldo Group has been acquired by Bushell Investment Group (BIG), which is based in Birmingham, England. BIG indicated that the acquisition, for which financial details were not released, will preserve 150 jobs and lead to the creation of an additional 50 roles ...
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ArticleKlarna grows in the pandemic
One clear sign of the boom in the “buy now, pay later” (BNPL) model is the latest fundraising round of Klarna, which saw the Swedish online payments group set a new record for the valuation of a European private fintech company at $10.65 billion, nearly double the $5.5 billion valuation ...
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ArticleZalando launches pre-owned trade on its platform
Zalando has started trading pre-owned, or second-hand, fashion items on its platform. The online retailer launched the service in Germany and Spain on Sept. 21, and will roll it out in Belgium, France, the Netherlands and Poland in October. If successful in those markets, Zalando could expand the service to ...
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Article
Chamatex to open “smart” footwear factory in France with Salomon and others
French textile producer Chamatex has teamed up with Salomon, Babolat and Millet as well as an investment company on the construction of a new footwear manufacturing facility called Advanced Shoe Factory 4.0 (ASF 4.0) in the Auvergne-Rhône-Alpes region of France. ASF 4.0 was founded by Chamatex with the goal of ...
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ArticleBob Gore, inventor of Gore-Tex, has died
Robert W. “Bob” Gore, chairman emeritus of the board of directors of W. L. Gore & Associates, died on Sept. 17 at the age of 83. Gore sat on the board of his family’s materials science company for 57 years, 30 of them as chairman, and served as president from ...
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News briefs
Nicholas Kirkwood takes back brands from LVMH
The British designer Nicholas Kirkwood is taking back his namesake luxury shoe brand from LVMH after a seven-year partnership. The French conglomerate said that the decision was mutual and amicable and that it would continue supporting Kirkwood over the coming months to ensure a smooth transition. No financial details were ...
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ArticleBugatti cuts jobs but its shoe license recovers
In the wake of a sharp drop in sales as a result of the Covid-19 pandemic, the German clothing supplier Bugatti announced that almost 100 of the 349 jobs at its headquarters in Herford will be axed. “All areas and hierarchical levels” are affected, it said in a statement. Current ...
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ArticleRussian fashion retailers end up with huge unsold stocks
On average, Russian fashion retailers failed to sell 30 percent of their summer collections due to the Covid-19 pandemic, resulting in record levels of unsold stocks, according to the Moscow-based think tank Fashion Consulting Group. Some retailers were unable to sell half of their summer collections, which now remain on ...
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News briefs
Alexandra Dornérus leaves NilsonGroup for Ellos Group
Alexandra Dornérus is leaving the Swedish footwear group NilsonGroup, where she was head of digital sales for over a year, and is joining on the Swedish e-commerce company Ellos Group, as new business development manager, on Oct. 1. Dornérus estimates that Ellos Group has great potential to attract new clients ...
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ArticleU.S. delays TikTok ban to Sept. 27 as Trump gives blessing to deal with Oracle, Walmart
The U.S. Department of Commerce said that it has delayed until Sept. 27 the prohibition of the Chinese mobile application TikTok. The department had previously announced that the ban would start today. The decision comes after U.S. President Donald Trump said he had given his “blessing” to a proposed deal ...
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News briefs
Reebok partners with Maison Margiela
The French luxury fashion house Maison Margiela and Reebok have started to develop a joint product line, and the partnership is “set to span several seasons,” the companies say. The first products are scheduled for a launch on Sept. 22 in the spirit of “the cyber-industrial revolution” at the Maison ...
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News briefs
Michelle Poole becomes president of Crocs
Michelle Poole has been promoted to the position of president of Crocs, taking over one of the former functions of Andrew Rees, the company’s chief executive. After working for Kangol, Timberland, Converse and Sperry Top-Sider, Poole joined Crocs in 2014 as senior vice president of global merchandising, adding responsibility for ...
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ArticleMost Italian shoe makers expects sales to fall by more than 20% this year
More than two-thirds of Italian shoe makers expect their revenues to fall by over 20 percent this year, assuming no worsening of the Covid-19 situation this autumn. In a survey carried out in July by Confindustria Moda’s research center, and released by the footwear association Assocalzaturifici, showed that 52 percent ...
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ArticleObuv Rossii’s August sales rebound sharply
Obuv Rossii has enjoyed a strong rebound in sales. In August, the company’s revenues increased by 1.5 times compared to July and exceeded 1 billion rubles (€13.3m -$11.2m), achieving the highest monthly level this year. Its top line exceeded by 16 percent the average monthly revenues seen in the first ...
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ArticlePeter Kaiser files for insolvency
Peter Kaiser Schuhfabrik has filed for insolvency with a local court in Pirmasens, Germany. The so-called protective shield procedure, which will enable the company to continue trading under restructuring, was motivated by a decline in sales stemming from the impact of the Covid-19 pandemic. “Peter Kaiser’s business operations continue without ...
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News briefs
Olukai updates two of its sneakers
OluKai, producer of Hawaii-inspired footwear, has taken two models of beach sneaker, the Lae’ahi for men and the Pehuea for women, and substituted full-grain leather for the mesh of the upper. These new, more upscale variants are called the Laeʻahi Lī Ili and Pehuea Lī Ili. Both have OluKai’s Drop-in ...
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News briefs
Burberry launches maiden sustainability bond
Burberry has priced its inaugural sustainability bond. The £300,000,000 (€330,000m-$390,000m) bond will bear an annual coupon of 1.125 percent and is due Sept. 21, 2025. The U.K. firm indicated that it is the first sustainability labeled bond issued by a luxury fashion company. It will diversify Burberry’s sources of funding, ...
