All Shoe Intelligence articles in Volume 22, Issue 7+8 – Page 4
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News briefs
Lloyd presents new store concept
Lloyd Shoes presented a new store concept at an 80-square meter location in Ludwigsburg on March 12. The format aims to represent the international image of the German footwear brand, making a clear differentiation between product segments, including men’s and women’s shoes, bags and other leathergoods and accessories. ...
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Article
Vivarte turns to courts to save La Halle
To avoid a total collapse of La Halle , hit by the closure of all of its stores due to Covid-19, the Vivarte retail group has opened a ”safeguard procedure” with the Paris Commercial Court. The aim is to restructure the debt of the big French chain of low-priced ...
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Article
Spain, Portugal to benefit from accelerated reshoring
The novel coronavirus Covid-19 pandemic could lead to an acceleration in the reshoring of manufacturing to Europe. Alicia Garcia-Herrera , senior fellow at the European think tank Bruegel , said in an interview with Exame magazine that the shift could be significant for countries such as Spain and Portugal. ...
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ArticleGlobal footwear consumption seen down by 22.5% in 2020
The Covid-19 pandemic is expected to slash global footwear consumption by 22.5 percent this year and prompt the industry to rethink the organization of the supply chain. Sneakers and e-commerce continue to be viewed as the growing segments of the market over the next three years.
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News briefs
Schuh restarts e-commerce business
The Scottish footwear retailer Schuh has reopened its e-commerce platform, which new health and safety standards in the U.K. had temporarily closed because of the Covid-19 pandemic. The site will now operate with a maximum staff of 10, two-meter spacing between workers and site sanitization. According to the company, ...
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News briefs
Debenhams files for administration
On April 6, Debenhams filed a notice of intent to appoint an administrator. The British retailer’s move would provide protection from any legal action that could push the business into liquidation, especially while the nationwide lockdown over the Covid-19 pandemic keeps its 142 department stores shuttered. Debenhams is preparing ...
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News briefs
Edcon’s liquidity sufficient only to pay wages
Edcon , a South African non-food retailer which offers clothing and footwear throughout Southern Africa, has only sufficient liquidity to pay wages after revenues and cash were 400 million rands (€19.5m-$21.1m) below its forecast in March. “As a result, Econ is unable to honour any other accounts payable during this ...
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News briefs
Superfeet masks
Superfeet and sister company Flowbuilt Manufacturing have started producing PPE (personal protective equipment) masks with 3D-printed elements, using their printing and manufacturing facilities in Ferndale, in the state of Washington. Around 30,000 of these masks will be made and immediately distributed to medical facilities in need in the ...
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News briefs
Tod’s scraps dividend, chairmen waive 2020 pay
Because of the uncertainty surrounding the Covid-19 pandemic, Tod’s has decided to cancel its full-year dividend. The company had previously declared a dividend of €0.6 per share on its 2019 results. It still plans to spend 1 percent of net profit on solidarity projects. It added that its chairman, ...
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Article
U.S. shoe retail chains react to Covid-19
Genesco furloughed several employees at its corporate offices, call centers and distribution centers, slashing its workforce by 90 percent. More highly compensated employees will have their pay reduced. The group said it will continue to maintain health benefits for all furloughed employees. On a positive note, Genesco said that ...
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Article
CCC’s online sales mitigate coronavirus impact
CCC , the international Polish-based shoe manufacturer and retailer, saw revenues for the first quarter of 2020 decline by 9 percent from the year-ago quarter to PLN 944 million (€207.9m-$226.5m).
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News briefs
Finn Comfort introduces EDI
Finn Comfort , the German brand for comfort shoes that is owned by the Waldi Schuhfabrik , has adopted an electronic data exchange (EDI) program as an option for its clients. Business data can then be exchanged in a fully automated manner via an EDI interface. Finn Comfort will be ...
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News briefs
Clarks temporarily closes stores in the U.K. Ireland and the U.S.
Clarks has closed all of its stores in the U.K., Ireland and the U.S. to help curb the Covid-19 pandemic. According to its general manager for the U.K. and Ireland, Joe Ulloa , store employees will continue to receive pay and benefits, and the company’s online store will remain open. ...
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News briefs
Nilson Group invests in sustainability
Nilson Group , the leading shoe retailer in Sweden, undertook a number of initiatives last year to make its shoe production more sustainable. In addition to introducing the “ A Better Choice ” collection, made in part from recycled or organic materials, the group increased its support for Human Bridge ...
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News briefs
Peta invests in luxury brands
The American animal-rights group People for the Ethical Treatment of Animals (Peta) has taken advantage of the stock market’s decline caused by the Covid-19 pandemic to purchase stakes of undisclosed sizes in approximately 20 companies in the luxury industry, among them Kering , Burberry , Ralph Lauren and ...
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News briefs
Hidesign to expand retail footprint in India
According to an English-language Indian daily, the Deccan Herald , Hidesign will be expanding its retail footprint in its home country of India. The producer of leathergoods will be opening flagships – every one exceeding 1,000 square feet and carrying the brand’s full range of products – in Pondicherry, ...
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News briefs
LVMH donates ventilators, makes masks
LVMH , the luxury giant controlled by Bernard Arnaul t, is donating 261 ventilators to French hospitals to help fight the coronavirus pandemic. Twenty of these devices have already been delivered to hospitals, according to Bloomberg . LVMH has also reopened 12 of its 16 Louis Vuitton handbag factories ...
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News briefs
ID Factory offers free platform access to leathergoods companies
According to the online portal Footwearbiz , the ID Factory of Arzignano, Italy, is offering a six-month access, free of charge, to a basic version of its platform to companies in leather industry. The company provides cloud-based data-sharing systems for businesses in the fashion supply chain, and its service ...
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News briefs
Tod’s owners help healthcare workers’ families
In an appropriate gesture of solidarity, the family of Diego and Andrea Della Valle , which controls Tod’s , has reportedly allocated €5 million to support the families of healthcare workers who have lost their lives in the fight against Covid-19. The funds will be managed by Protezione Civile ...
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News briefs
Tourism drought expected to reduce European luxury sales
LVMH said it expects revenues to drop by 10 to 20 percent year-on-year in the first quarter of 2020, as restrictions to combat the Covid-19 pandemic have forced the group to close production sites and stores in several countries. Separately, the bank RBC Europe said that overall global ...
