All Shoe Intelligence articles in Volume 22, Issue 9+10
View all stories from this issue.
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PDF NewsletterShoe Intelligence Newsletter: Vol 22 - 09+10
La Halle receives seven offers | U.K. footwear sees no e-tail benefit | Micam has support for Sept. edition | Italian footwear sales drop in Q1 | Clarks cuts jobs | Aldo files for protection | Geox’ Q1 sales down by 30% | Ugg decline offset by Hoka One One | Difficult quarter for Grendene | Heavy losses for Yue Yuen | ANWR Schuh has a new co-CEO | Zalando sees 2020 sales up
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Article
La Halle receives 7 offers for 60% of its business
La Halle , the big French low-cost clothing, footwear and accessories retailer owned by Vivarte , will have to be sold piecemeal, while more time is being granted by a court to find a buyer for André , the more high-end shoe retailer, which is currently in bankruptcy proceedings.
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Article
Italian retailers face huge downturn, slow recovery
The Italian non-food retail sector risks losing a fifth of its businesses by the end of the year and nearly half of its revenues without financial help and government support to stimulate the economy. The sector could also take more than eight years to return to pre-Covid-19 levels, according to ...
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News briefs
ZES distributes Premiata's kids shoes in Germany
First the first time, the children shoes of Premiata , an Italian producer of luxury shoes, are available in Germany with the spring/summer collection. The shoes are distributed by Zucchero e Scimmie , also known as ZES , and can be found in luxury stores such as KaDeWe in ...
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News briefs
South Africa shoe imports fall by 5.8% in 2019
South Africa imported 199 million pairs of shoes in 2019, down by 5.8 percent from 2018, while exports dropped by 9.5 percent to 3.5 million pairs. Domestic production totaled 56.9 million pairs in 2019, in line with the previous year, according to the Southern African Footwear and Leather Industries Association ...
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News briefs
Misaf trade show postponed, eyes September
The Milan-based trade show Misaf has postponed its second edition, initially scheduled for June 10-12, because of the Covid-19 pandemic. The organizer, Plum Solution , which is run by the general manager Yin Xiaomei , is considering holding the show in September but no decision has been made yet. ...
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News briefs
Caval to release shoes made of apple fibers
Caval , the Parisian brand that delights in asymmetry with its mismatched pairs of shoes, is launching a new unisex collection that trades leather for a vegan material called Pellemela (literally “apple skin”). The sole will be made in Portugal of 40 percent recycled rubber and the inserts in ...
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News briefs
DSI Samson’s ‘BBB’ rating confirmed but outlook cut to stable by Fitch
The credit rating agency Fitch has cut the outlook of Sri Lankan footwear and tire manufacturer and retailer DSI Samson Group to stable from positive but has confirmed the national long-term rating at ‘BBB(lka)’. The outlook revision reflects Fitch’s view that a rating upgrade is not probable ...
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News briefs
Zalando to appoint Rent the Runway CEO to its supervisory board
The nomination committee of the supervisory board of Zalando has proposed to elect Jennifer Hyman to the board replacing Alexander Samwer , who has been a director since 2013. Hyman is the chief executive and co-founder of the company Rent the Runway , a New York-based online service that ...
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Article
Nordstrom permanently closes 16 stores, plus its 3 Jeffrey locations
Nordstrom has decided to permanently close 16 of its full-line stores, lowering the tally to 100 in the U.S., Canada and Puerto Rico, and its three Jeffrey stores as it restructures to respond to the impact of the Covid-19 pandemic. The American luxury retailer will incur non-cash impairment ...
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News briefs
A new foundation to advise on sustainable and solid supply chains
A new platform, called the Sustainable Future Foundation (SFF) , has been launched to drive economic development in the U.K., U.S., and EU in the new world shaped by the Covid-19 pandemic. The SFF will be advocating and supporting exemplary sustainable practices across the finance, technology, fashion and retail sectors. ...
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Short stops
Marketing short stops
+++ CCC (Cea Czyni Cuda) , the Polish footwear company, will maintain its sponsorship of the Development Cycling Team until the end of this season, although with significantly reduced salaries, but no longer support the team as from 2021 +++
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Article
UK to erase import tariffs for leather from 2021
The British government has removed import duties for leather in its new tariff regime known as the U.K. Global Tariff (UKGT), and which will replace the European Union’s Common External Tariff (CET) from Jan. 1, 2021. But tariffs for leather footwear remain largely unchanged.
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News briefs
Alibaba anticipates a slowdown in sales this year
Alibaba , the Chinese e-commerce giant, expects revenues to rise by about 27.5 percent to over 650,000 million Yuan renminbi (€83,725.8m-$91,168.5m) in the current fiscal year after its top line rose by 35 percent to RMB 509,711 million (€65,647.3m-$71,487.9m) in the fiscal year ended on March 31. The company achieved ...
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News briefsFoot Locker closes its German Runners Point chain
Foot Locker said it “intends to consolidate our Runners Point business into our other operations in Europe,” after a year-long assessment of the this chain of running stores, which it had bought from Karstadt in 2003, and the competitive landscape in Europe. The company subsequently indicated that ...
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Article
Ugg’s decline offset by Hoka One One and Teva at Deckers
Despite headwinds from Covid-19, and a nearly 18 percent decline for Ugg, robust sales at Hoka One One and Teva helped limit the damage for Deckers Brands’s revenues in its fourth fiscal quarter.
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ArticleMicam has industry support for September edition and prepares a B2B site
The organizers of Micam confirmed plans to hold the trade fair on Sept. 20-23, indicating that 75 percent of the Italian and international companies surveyed believe that the Milan-based event is an essential element to relaunch the industry. Micam also plans to launch a B2B platform.
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News briefs
LWG’s Deborah Taylor heads to UNECE
Deborah Taylor has started in a new position as consultant for the United Nations Economic Commission for Europe ’s (UNECE) project to advance transparency and traceability for sustainable value chains for footwear and garments. Taylor comes to UNECE after serving five years as manager of the Leather Working Group ...
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News briefs
Johnsons Shoe Company files for creditor protection, seeks buyer
The British family-run retailer Johnsons Shoe Company has fallen victim to the Covid-19 pandemic and was placed into administration, a procedure which gives it protection from creditors. On April 23, Ian Defty and Richard Toone of the accounting and law firm CVR Global were appointed ...
