All Shoe Intelligence articles in Volume 22, Issue 7+8 – Page 3
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Article
Crocs’ Q1 sales decline, despite strong growth in America
Coronavirus hampered Crocs’ results early in the first three months of the year, especially in Asia, but this was partly offset by high store comparable sales in America, where the virus disrupted retail late in the quarter. Revenues for the first quarter declined by 5.0 percent from the year-ago ...
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News briefs
Wolverine changes its brand structure
By May 30 at the latest, Todd Spaletto will be stepping down as president of Wolverine Worldwide ’s Michigan Brands group, which consists of the Merrell , Chaco , CAT Footwear , Hush Puppies and Sebago brands. Rather than replace him in the post, Wolverine is ...
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Article
VF books $380 million impairment for underperforming Timberland
VF Corporation booked a goodwill impairment charge of $320 million on Timberland , which has not been performing as well as its other brands. In the full year ended on March 28, the group expects operating profit to be between $1.0 billion and $1.1 billion for its continuing operation. It ...
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Article
Yue Yuen’s manufacturing revenues fall by 10%
Yue Yuen Industrial Holdings is warning investors that its results for the first quarter of 2020 will show a net loss of $50 million to $70 million, compared with a gain of $75 million in the year-ago period, because of the disruption of its supply chain and the ...
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News briefs
Allbirds to label carbon footprint
Allbirds will be labeling all of its products with a carbon footprint. The ambition of the company is to get consumers to think about carbon while they shop, in the same way as they do when they look at nutritional labels with calories in grocery stores, the company said. ...
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Article
Europe and e-commerce helped Wolverine in Q1
After posting record financial results in the fourth quarter of 2019, Wolverine Worldwide also fared relatively well in the first quarter ended on March 28, given the challenging conditions caused by Covid-19, thanks mainly to higher online sales, a strong performance in Europe and the Saucony brand.
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News briefs
Schuh Trust makes Covid-19 donations
The British Schuh Trust is donating £2 million (€2.3m-$2.5m) to the National Emergencies Trust and £1 million (€1.1m-$1.2m) to the NHS Charities Together Covid-19 Appeal . In total this is about a 12-fold increase from the trust’s average yearly charitable donations since 2011, when it was founded by ...
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News briefs
Wolverine Worldwide launches several support initiatives in Covid-19 fight
Wolverine Worldwide, based in Rockford, Michigan, has launched a series of initiatives to support health services and people under financial stress due to the Covid-19 pandemic. The group has donated more than 35,000 face masks to Spectrum Health in Grand Rapids, Michigan. The protective equipment will be used ...
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News briefs
Legero United receives Austrian Ecolabel
Legero United , the Austrian-based footwear group that markets brands such as Legero , Superfit , Vios and Think , received the Austrian Ecolabel at the annual energy saving’s trade show in Wels in early March. The five-day event focused on ecology, renewable energy and energy efficiency. Legero’s women’s ...
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Article
APLF postponed to 2021, offers digital matching solutions
In the wake of the Covid-19 pandemic, the organizers of the Asia Pacific Leather Fair (APLF) have finally decided to postpone until next year the annual edition of the event. To keep the business community connected, APLF is offering digital solutions and on May 7 is holding a sourcing event ...
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News briefs
eBay appoints new CEO
eBay has appointed Jamie Iannone , most recently chief operating officer of Walmart’s e-commerce division, as its new chief executive officer, effective Apr. 27. He succeeds Devin Wenig , who left eBay in September 2019. Scott Schenkel has acted as interim CEO. He was previously the group’s ...
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News briefs
Peter Kaiser manufactures face masks
Peter Kaiser started manufacturing face masks at its production site in Germany. The masks are made from black or white cotton and can be attached to the head with elastic straps. They are only intended for personal use and have not been certified.
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News briefs
Isa-Traesko signs licensing deal with Walt Disney
Isa-Traesko , the shoe manufacturer from Neumünster, Germany, has signed a footwear licensing deal with Walt Disney for Europe and Australia. According to the company, it has acquired the right to manufacture shoes and insoles under the Disney, Marvel and Lucas (Star Wars) brands and to distribute them in Europe ...
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News briefs
Ara Shoes donates shoes to people working in the health care system
Ara Shoes has donated shoes for every employee of a hospital in Heinsberg, Germany. The company also launched a social media campaign via Facebook and Instagram on March 30 to support and pay tribute to people who work in the health care sector, food retailing or help ...
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Article
Ecco goes more digital
The expansion of Ecco’s store portfolio growth slowed to the addition of only six extra shops, with 200 openings and 194 closures. On the other hand, investments in direct-to-consumer sales channels continued in 2019, with net sales from retail and e-commerce combined increasing by 10.9 percent. Revenues from online channels ...
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Article
Covid-19 will shake the Russian footwear market
The Russian footwear market is expected to suffer a double whammy consisting of higher prices, due to the depreciation of the ruble, and lower demand, stemming from the lockdown to combat the Covid-19 pandemic and economic hardship. The price of shoes is predicted to jump by 20 to 35 percent ...
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News briefs
Joya announces collaboration with Ikea
Joya Shoes announced a collaboration with Ikea on April 1. According to the Swiss footwear company, it plans to transform used Ikea bags into shoes, called ”Ikea Billy,” so that employees and customers can move comfortably through the endlessly long aisles in the furniture stores. However, the announcement ...
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News briefs
Hunter launches collaboration with Sony Pictures
Hunter , the Edinburgh-based company, has recently signed a new collaboration with Sony Pictures Consumer Products . The British shoe manufacturer will launch a limited edition of shoes and accessories for women and children celebrating the launch of Peter Rabbit 2 , the successor of the worldwide popular cartoon, this ...
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News briefs
Camper supports regional health services
Camper has embarked on numerous initiatives to help fight the Covid-19 pandemic. The Spanish shoe brand has started to use its own 3D printers to manufacture components for medical protective visors. One hundred pieces can be printed each week at its facilities in the Balearic Islands to be given ...
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News briefs
Caprice manufactures face masks in Pirmasens
Caprice , the shoe brand owned by Wortmann , started manufacturing face masks to be donated to healthcare facilities in Pirmasens, Germany, where the company is based. Caprice is sewing face masks from pure cotton on machines used to make prototypes of leather shoes.
