All Shoe Intelligence articles in Volume 22, Issue 7+8 – Page 5
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News briefs
Rhenoflex names Marco de Gier director of marketing and sales
The German shoe component manufacturer Rhenoflex has appointed Marco de Gier as its new director of marketing and sales for global footwear. His task will be to guarantee “further professionalization of the global sales operations of the Rhenoflex Group, the expansion of international customer relations in the US, ...
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News briefs
Sanita donation
Sanita , the brand specializing in professional clogs, has announced that it will be donating a part of every purchase from April 3 through the end of the month to support medical providers and hospitality workers, in connection with the ongoing coronavirus crisis. These professional categories also happen ...
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News briefs
Neiman Marcus debt ‘unsustainable’
The credit rating of the iconic American department store was downgraded by S&P as the U.S. retailing industry suffers the impact of the novel coronavirus Covid-19 pandemic. Meanwhile, Moody’s cut its rating for J.C. Penney.
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Short stops
Results short stops
+++ From July 2019 to February 2020, the first eight months of Pakistan’s fiscal year, the country’s leathergoods exports rose by 11.7 percent to $361.9 million +++
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News briefs
Havaianas for healthcare workers
Alpargatas , the Brazilian group that owns the Havaianas brand, has converted its production lines to produce clogs for the medical sector. The company will donate 18,000 pairs of shoes designed for use by healthcare professionals in São Paulo hospitals, made in the Havaianas factories in place of flip-flop ...
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News briefs
France faces a significant rise in bankruptcies
A French legal information provider Infolegale, said that France faces the risk of experiencing a first “significant” wave of corporate bankruptcies from the end of April as the most fragile companies succumb to the economic impact of the Covid-19 pandemic. Based on bankruptcy rulings issued between April 1 and 3, ...
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News briefs
Clarks plans to permanently close some U.K. stores
Clarks intends to permanently close a “small number” of stores, which will not reopen after a nationwide lockdown is lifted in the U.K. The footwear company has 347 stores in the country, which were all closed due to the Covid-19 pandemic. According to the daily The Sun , Clarks ...
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News briefs
Foschini to forgo rent payments during South African lockdown
The South African retailer Foschini has said that it will not pay rent on its stores during the nationwide Covid-19 lockdown that began on March 27. “Once the situation normalizes we will then be able to assess the full financial impact on the business and will engage with you ...
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News briefs
Portuguese footwear factories are producing masks
Several footwear companies in Portugal’s northern towns of Felgueiras, Oliveira da Azemeis and São João da Madeira are temporarily replacing the production of footwear with the manufacturing of medical masks, according to the website of the country’s footwear association, Apiccaps . The equipment will be donated to healthcare professionals and ...
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News briefs
Aeffe’s share buyback
While many companies have dropped or suspended share buybacks to withhold cash because of the uncertain impact of the Covid-19 pandemic, Aeffe , the owner of Pollini and various fashion brands, has being purchasing its own shares in the latter part of March and early April. The last batch ...
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Article
Ferragamo’s Q1 sales drop by 30.6%
Salvatore Ferragamo said that its sales fell by 30.6 percent to €220 million in the first quarter due to the impact of the novel coronavirus, Covid-19. At constant currency rates, the top line was down by 31.4 percent.
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Article
Scarpe&Scarpe files for bankruptcy protection
Aiming to obtain an arrangement with its creditors, Scarpe Scarpe has filed for bankruptcy protection with the tribunal of Turin, where it has its headquarters. The Italian footwear and apparel retailer has 153 stores and 1,800 employees
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News briefs
Ferragamo contributes to renovation of Florentine hospital
In a move intended to alleviate the healthcare problems caused by Covid-19, Salvatore Ferragamo and a Florentine foundation have financed the renovation of two wards of a disused hospital in Florence, I Fraticini, which now has 60 beds for patients recovering from the novel coronavirus or who need to ...
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Article
Bernard Arnault becomes world’s 3rd richest man
With a family fortune of $92.0 billion, Bernard Arnault , who runs and controls the French luxury goods conglomerate LVMH , has become the world’s third-richest man, overtaking the legendary investor Warren Buffet , according to the latest ranking of the world’s billionaires compiled by Forbes . Evidently, LVMH ...
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Article
Asos raises £247 million in capital increase
Asos raised £247 million pounds (€281m-$308m) with the placement of 15,805,943 new ordinary shares. The British online fashion retailer said that the cash call was intended to protect it against a prolonged downturn stemming from the current Covid-19 pandemic and to position the business for long-term growth.
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Article
Zeis Excelsa wants to become a platform for Italian brands
Zeis Excelsa, an Italian firm based in Montegranaro, in the Marche region, is aiming to grow by an annual average of 25 percent over the next three years to 2022 by becoming a platform for Italian footwear brands. As a former president of Anci, the Italian shoe industry association now ...
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Article
Non-athletic footwear helped Shoe Carnival to a good year-end
After a sluggish first half of its last financial year, the low-priced American shoe retailer saw revenues accelerate in the second half. Sales for its fourth fiscal quarter, ended on Feb.1, increased by 2.2 percent from the year-ago quarter to $239.8 million. Comparable store sales jumped by 3.2 percent.
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Article
Cleto Sagripanti has new plans
Cleto Sagripanti , the former president of the Italian shoe industry association ( Assocalzaturifici ) and the Confederation of the European Footwear Industry ( CEC ), has set up his own consultancy following the liquidation of his shoe company near Venice, called Be71 . Using his contacts with thousands ...
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News briefs
European TCLF training
The European Confederation of the Footwear Industry ( CEC ) has announced a series of new training programs related to eight new and/or upgraded occupations, within the framework of the EU-funded project Erasmus+ “ Skills4Smart TCLF Industries 2030 Blueprint .” The acronym “TCLF” stands for Textile, Clothing, Leather, ...
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News briefs
Sergio Rossi dies at 84
The iconic footwear designer Sergio Rossi , founder of the eponymous firm, died on April 2. He had been admitted to the intensive care unit of the Bufalini hospital in Cesena, Italy, after contracting the novel coronavirus, which has heavily affected the country. The son of a shoemaker, Rossi was ...
