All Shoe Intelligence articles in Volume 22, Issue 22+23
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PDF NewsletterShoe Intelligence Newsletter: Vol 22 - 22+23
Global footwear down by 22.2% in 2020 | Clarks reaches £100m rescue deal | Geox suffers accelerated sales decline | Improvements for Skechers | Wolverine outperforms | Grendene recovers sharply in Q3 | Losses continue for Yue Yuen | Jimmy Choo sees opportunity to hike prices | Tod’s enjoys recovery in Asia | Steve Madden to boost private label | Zalando Q3 sales up by 29.9% | For EU, Amazon is anti-competitive
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News briefsSperry names Elizabeth Drori head of marketing
Sperry has appointed Elizabeth Drori as chief marketing officer. Before joining Sperry, which is part of Wolverine Worldwide, Drori worked for nearly three years at Walmart, where she became head of fashion marketing. Prior to Walmart, she was vice president in charge of strategic initiatives and brand marketing at Shoes.com ...
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News briefsCCC starts 60-minute delivery service in Warsaw
CCC has launched a new service to deliver shoes within 60 minutes. Currently, it is only available in Warsaw, where it is being tested. The service provides for online orders, which are directed to a local store rather than to the company’s warehouse. The goods are then shipped from the ...
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News briefs
Josef Seibel inaugurates Kenyan factory
Josef Seibel Group inaugurated its factory in Ukunda, Kenya, on Nov. 9. The ceremony was attended by the owner of the group, Carl-August Seibel, and the chief executive Stefan Wentzel. The factory will produce leather school shoes destined to the Kenyan market under the Romika brand. The brand was sold ...
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News briefs
Schuhe24 buys an online platform for bike dealers
The German Schuhe24 Group, which manages an online marketplace for independent retailers in many sectors, is branching out into the hot bicycle segment by joining Bike-Angebot.de and taking over majority control. That company claims it operates the largest platform for bicycle dealers in Germany, carrying over 25,000 bicycles offered by ...
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News briefsCaleres names Michael Edwards head of Famous Footwear
Caleres has appointed Michael Edwards as president of Famous Footwear, effective Nov. 20. He replaces Molly Adams, who resigned to pursue an opportunity outside the organization. Edwards joined Caleres in June 2008, most recently serving as senior vice president of digital commerce, planning, allocation and stores. Prior to that he ...
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News briefs
Cole Haan releases hiking boots and sneakers
Cole Haan has released a new hiking boot as well as a sneaker from its collaboration with the comedian and writer Hasan Minhaj. Introduced back in September, the 4.ZERØGRAND Hiker ($250) comes in men’s and women’s versions and in a number of colorways. The brand calls it its “most advanced ...
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ArticleFarfetch benefits from shift to buying luxury goods online
Luxury e-tailer Farfetch reported a sharp rise in third-quarter sales as it benefits from the growing trend of buying high-end products online. Revenues for the three months to Sept. 30 soared by 71 percent to $438 million, while gross merchandise value (GMV) increased 62 percent to $798 million. Online GMV ...
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News briefs
Asos axes commissions to help sellers through new Covid lockdown
British fashion e-tailer Asos is stopping commissions on its marketplace platform to help businesses during the second wave of the Covid-19 pandemic and related lockdown as they face the busy Christmas period. New and existing sellers will pay no commission until the end of the year, Asos said. The move ...
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News briefsAeffe Q3 sales lifted by delayed shipments
In the first nine months of 2020, Aeffe, the Italian fashion house that owns Pollini and other brands, suffered in its footwear and leathergoods division a decline in sales of 15.4 percent, both on a reported basis and in constant currencies, to €81.9 million because of the Covid-19 pandemic. The ...
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ArticleTod’s enjoys recovery in Asia
Tod’s is seeing signs of recovery in Japan and South Korea on top of the strong growth already enjoyed in China. But the company warned that to meet market expectations, it would need some “respite” in store closures in the fourth quarter. Financial analysts anticipate full-year sales of €647 million. ...
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ArticleLosses continue for Yue Yuen
Despite China’s resilience against the pandemic in the third quarter, Yue Yuen Industrial Holdings remained in the red, following two quarters of losses. The company was strongly impacted by government measures to contain the spread of the disease at the start of the year, and although the Pou Sheng Chinese ...
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News briefsHotter owner prepares to sell the company
Electra Private Equity has hired the investment bank Stifel Nicolaus Europe to prepare the sale of Hotter Shoes. The timing of the disposal will be determined over the coming months as trading patterns normalize in Hotter’s new business model focused on direct to consumer channels predominantly in the U.K. and ...
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News briefs
Mizuno plans lifestyle footwear for Europe
The Japanese sports equipment and sportswear company Mizuno is planning to develop non-sports products like lifestyle footwear for the European market. In the first half of its fiscal year ending on March 31, 2021, Mizuno’s overall revenues declined by 22.5 percent from the year-ago period to 66.2 billion yen (€537.7m-$639.0m). ...
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ArticleGeox suffers accelerated sales decline amid new lockdowns
Geox has suffered a 30.0 percent decline in like-for-like sales in the fourth quarter to date - bringing the like-for-like sales decline in the year so far to 32.0 percent - amid new temporary store closures due to a second wave of the Covid-19 pandemic in its main markets. Comparable ...
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News briefsUnichel claims tagging has not eradicated counterfeiting in Russia
The mandatory tagging of shoes has not solved the problem of the wide presence of counterfeit footwear in Russia, according to Ekaterina Zheleznyakova, development director of the shoe producer and retailer, Unichel. So far, the project has only had a negative impact on legitimate businesses, resulting as an additional control ...
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ArticleL.K. Bennett plans to close stores, axe jobs
Upmarket British retailer L.K. Bennett plans to close up to five stores and move its remaining shops to turnover-based rents under a proposed company voluntary arrangement (CVA). The plan will lead to a small number of job losses as the company tries to mitigate the financial impact of the Covid-19 ...
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News briefsFLO enters the Ukrainian market
The Turkish footwear brand FLO Mağazacılık is opening its first store in the Ukraine, in the Ocean Plaza shopping center in Kiev. The company will sell its own and third-party brands, including Kinetix, Polaris, Lumberjack, Butigo, Dockers by Gerli, and Mercedes. In the future, FLO plans to introduce the Nine ...
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ArticleFerragamo books strong sales growth in China
Salvatore Ferragamo enjoyed very strong growth in China during the third quarter and in October. At constant-currency rates, retail sales in the Asian country surged by 38.3 percent year-on-year during the quarter and further accelerated in October. The Italian fashion company also posted “solid” retail sales growth in South Korea ...
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ArticleGörtz makes its CEO a shareholder, hires a new CFO
The German footwear chain Görtz is opening its capital to its top manager as it undergoes a management shake-up and further advances its multichannel strategy by pushing its online presence. The chief executive, Frank Revermann, who has served in this position since the end of 2015, will acquire shares ...
