All Shoe Intelligence articles in Volume 22, Issue 7+8
View all stories from this issue.
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News briefs
Ferragamo launches new website
Salvatore Ferragamo has launched a new e-commerce site, that includes editorial content about the Florence-based firm and its collections. The company said that in the light of the Covid-19 pandemic and subsequent lockdowns, the digital world is proving invaluable to reduce distance that would otherwise be unbridgeable. In February, the ...
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News briefs
India extends lockdown for 2 weeks from May 4
The Indian government is extending a nationwide lockown for two weeks from May 4. The lockdown was scheduled to end on May 3 and will now run until May 17. The Ministry of Home Affairs however indicated that there would be significant relaxations in low risk parts of the country, ...
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Article
Rohde plans e-commerce platform this year
The German shoemaker Rohde intends to launch a business-to-business (B2B) online platform this summer, followed by a business-to-consumer (B2C) site.
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Article
Prada resumes production in Italy
Prada has launched a gradual reopening in Italy of its prototyping and sample-making departments, which are essential for developing its forthcoming footwear, leathergoods and apparel collections. It is also introducing serological testing of all employees.
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Short stops
Schuhe24 launches new online marketplace for jewelers
The Schuhe24 group, the German-based company that owns and manages the Schuhe24, Outfits24, Sportmarken24 and Taschen24 online marketplaces for independent shoe, sporting goods and fashion retailers, is launching a new online platform for jewelers. The online platform, dein-juwelier.de will be launched at the end of May, but retailers are invited ...
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News briefs
The Italian fashion industry lacks a single representative body to discuss with the government
The Italian fashion industry lacks a single business organization giving it more clout to discuss with the government, as the metalworkers do, according to Prada’s chief executive, Patrizio Bertelli. He noted that the metalworking industry has a smaller workforce than in the fashion one but it historically gets more attention ...
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News briefs
German retailers suggest “Corona checks” of €500 per adult
HDE, the German retail federation, suggested so-called ”Corona checks” of €500 per person in order to boost local purchasing power and the domestic economy. According to HDE, €500 per inhabitant would lead to a surge in demand of up to €40 billion and would have a ripple effect on the ...
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News briefs
Deckers sues Steve Madden over Fuzz sandals
Deckers Brands – the parent company of Ugg, Sanuk, Teva, Hoka One One and Koolaburra – filed a lawsuit in a California federal court against Steven Madden for allegedly acting in “bad faith” to manufacture and sell its own alleged imitation of Ugg’s best-selling Fluff Yeah furry sandal-slipper. Deckers accuses ...
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News briefs
Lloyd uses social media to present new collection
Lloyd, the German-based shoe company, has decided to present its new collection to its clients in a different way. In a time when social contacts are limited and various trade shows have been cancelled, it has used the livestreams of social media channels like Facebook or Instagram to present it ...
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News briefs
France to reopen stores on May 11
The French prime minister Edouard Philippe said yesterday that all stores will reopen on May 11 after the country introduced a nationwide lockdown to combat the Covid-19 pandemic. Prefects will however have the right to keep closed shopping centers over 40,000 square meters in the administration areas they oversee. The ...
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News briefs
Hassia and Ganter improve payment terms for retailers
The brands Hassia and Ganter, owned by the Austrian-based Lorenz Shoe Group, aim to support retailers during the coronavirus crisis. When stores had to close down, Hassia and Ganter stopped deliveries immediately and improved the payment terms for retailers for all outstanding 2020 spring/summer invoices. The Lorenz Shoe Group also ...
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News briefs
Farfetch launches $350 mln convertible note
Farfetch has announced the issuance of $350 million in convertible senior note due on May 1, 2027. The offering is scheduled to close on April 30. The securities will bear an annual interest rate of 3.75 percent and coupons will be paid twice a year on May 1 and Nov.1. ...
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News briefs
Schuhe24 launches kit for retailers that reopen their stores
From April 20, stores of up to 800 square meters were allowed to reopen in most German states. Schuhe24, a German-based online marketplace for independent shoe retailers, is supporting its affiliates with a starter kit. First of all, retailers will receive face masks free of charge. The German online marketplace ...
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PDF NewsletterShoe Intelligence Newsletter: Vol 22 - 07+08
Footwear sales down globally | E-tailers gain ground with Covid-19 | Italy to restart shoe industry | More fairs cancelled, virtual | India seeks to enforce contracts | Geox expects cash absorption | Ecco goes more digital | Zeis Excelsa’s platform strategy | Rohde plans e-commerce platform | Skechers down by 55% in Q1 | Yue Yuen’s mixed results | Vivarte seeks legal solution
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News briefs
European, American footwear companies join international industry call for government action
The European Footwear Confederation (CEC) and the American Apparel & Footwear Association (AAFA), along with 64 other industry groups worldwide, urged governments and international financial institutions to implement coordinated efforts to address the economic crisis caused by the Covid-19 pandemic. The trade associations represent the textile, apparel, footwear, travel goods, ...
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Article
India urges foreign buyers to honor contracts
The Council for Leather Exports (CLE) has called for foreign buyers to fulfil purchase contracts, as falls in demand due to Covid-19 prompted them to cancel orders and delay payments, putting at risk the Indian industry.
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Article
Consumers are buying less footwear, while re-evaluating the internet
Consumers are reducing spending on non-essential goods such as apparel and footwear because of Covid-19, but they are making more use of the internet for their purchase during the lockdown, developing new habits and creating new opportunities for the brands, based on research conducted by McKinsey & Company.
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Article
Stella’s Q1 revenues drop by 16%
In a business update for the first quarter, Stella International said it recorded a fall in manufacturing revenues and shipment volumes, due to the delayed resumption of production at its factories in China after the Lunar New Year owing to the coronavirus outbreak.
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News briefs
CCC plans to sell Vögele Shoes
CCC, the Polish-based retail giant, plans to sell Vögele Shoes, the Swiss shoe retail chain, or to restructure the company. CCC acquired a 70 percent stake in the company in 2018. Vögele Shoes has 170 stores in Switzerland. CCC is currently looking for a new investor for Vögele Shoes. ...
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News briefs
Steffen Liebich acquires the Schuhkay retail chain
Steffen Liebich has acquired Schuhkay, a Hamburg-based shoe retailer that is also known as Schuhkay 1882, via its Goal investment company. Schuhkay has currently 30 stores, most of them are located in northern Germany. In the course of the takeover, Thomas and Joachim Kay, who are the fifth generation of ...
