All Shoe Intelligence articles in Volume 22, Issue 9+10 – Page 2
-
ArticleFacebook wants to become a shopping platform
In response to the current coronavirus crisis with the worldwide closure of many physical shops, Facebook has started to integrate a shopping function into its main social network, as it has already been doing on Instagram . Mark Zuckerberg , founder and chief executive of Facebook, said in a ...
-
News briefs
Aldo closes Irish business
Aldo is winding down its Irish business, the daily The Times reported. The Canadian footwear retailer has filed for bankruptcy protection in Canada, the U.S. and Switzerland, where it has its European headquarters, to restructure. The company has stopped shipping orders to Ireland and has closed its local ...
-
Article
Spain permits large stores to open in “Phase 1” regions
Spain’s Ministry of Health has revised its initial guidelines for stores re-openings in Phase 1 regions. By the estimate of the Spanish daily El País , about 70 percent of Spain is currently in Phase 1 of the country’s “de-escalation” of the Covid-19 lockdown. Madrid, Barcelona, certain other populous cities ...
-
News briefs
Vans helps retailers with “Foot the Bill” initiative
VF Corporation’s Vans brand is seeking to help the small skate shops that have underpinned its success and other local businesses weather the Covid-19 storm. Its “Foot the Bill” customization initiative – which involves the brand’s small business partners designing their own Vans and pocketing the net proceeds from their ...
-
News briefs
Wock contributes to Covid-19 fight
Wock , the professional footwear brand owned by the Procalçado group along with the label Lemon Jelly , is donating 3,000 pairs of shoes to healthcare professionals in its home country of Portugal at the forefront of the fight against Covid-19. Under the motto “Somos por ti,” (We ...
-
News briefs
Pasito Fricker is insolvent
Pasito Fricker , the Swiss shoe retailer previously owned by Görtz , has gone bankrupt. The retail chain was experiencing difficulties becaus e of a diversion of shopping tourism from Switzerland to neighboring countries and increasing competition from online retailers. The recent coronavirus-related retail lockdown worsened the situation as the ...
-
News briefs
Pakistan footwear exports rose by 15.86% in July-March
In the first nine months of its fiscal year that runs to the end of June, Pakistan’s footwear exports grew by 15.86 percent to $104.351 million. Leather footwear exports represented 84.55 percent of the total and increased by 11.26 percent, according to the Pakistan Bureau of Statistics (PBS). During the ...
-
News briefs
Havaianas diversifies
Havaianas has launched a full-fledged collection of beachwear, T-shirts and other textile products for spring/summer 2020 on its website in Europe. The Brazilian brand of rubber shoes has also teamed up with Eastpak on a range of co-branded products. The collaboration has resulted in four items in the ...
-
Article
Visa witnesses “massive” surge in e-commerce use
Confirming other studies showing that the Covid-19 pandemic and subsequent lockdowns have spurred online sales, the financial services company Visa said that it is seeing a “massive acceleration toward e-commerce adoption.”
-
Article
Clarks reshuffles its staff
Clarks has decided to eliminate a further 900-odd jobs around the world as part of a strategy to build a more “sustainable and successful” future for the company, placing its focus on the changing consumer needs. The new wave of layoffs follows 170 cuts already implemented at the end ...
-
News briefs
CCC’s chairman sells some of his shares
Dariusz Milek , founder and chairman of CCC Shoes Bags , has reduced the stake he holds in the international Polish-based shoe retailing company indirectly through Ultro Holding of Luxembourg and a subsidiary. He now owns 24.84 percent of the ordinary and preferred shares in CCC, leaving ...
-
Article
Ferragamo enjoys strong recovery in China
The Italian fashion house Salvatore Ferragamo is experiencing a strong recovery in sales in China as the situation in the country returns to normality after the Covid-19 outbreak and subsequent lockdown, according to chief executive Micaela Le Divelec Lemmi.
-
Article
Footwear did not benefit from surge in online purchases in the U.K.
A couple of suveys have confirmed that online sales surged during the lockdown in the U.K. but unfortunately footwear did not profit from the rising tide. The situation is also changing consumers’ behaviors to the detriment of clothing.
-
News briefs
Crowdfunding delivers a new brand of vegan shoe
As Fashion Network reports, a two-year partnership between Lionel Le Floch , the designer behind the Le Flow footwear brand, and Carole Beauverger , co-founder of the showroom Showtime Paris , has produced a new brand of vegan shoes, Supergreen . The brand’s shoes are made of corn ...
-
News briefs
Aeffe’s leathergoods business suffers lower profitability in Q1
In the first quarter, Aeffe , the Italian fashion house that owns Pollini and other brands, suffered a decline in the Ebitda of its footwear and leathergoods division to €4.5 million from €6.3 million a year earlier, with the margin narrowing to 14.7 percent from 18.9 percent. The ...
-
Article
Stuart Weitzman parent company reopens over 300 stores in North America
Tapestry and Columbia Sportswear , like many other retailers, are reopening stores in North America, after U.S. sales of clothing and footwear fell by over 89 percent year-on-year in April due to the lockdown imposed to combat the Covid-19 pandemic.
-
News briefs
Paraboot returns to full capacity
Paraboot , the French manufacturer of high-end footwear, has returned to full capacity production from May 4 at its factory in Saint-Jean-de-Moirans. The site closed down following the outbreak of Covid-19 in France but resumed partial manufacturing on April 6 and gradually increased production. The facility has an annual capacity ...
-
News briefs
Former Chanel CEO may head Golden Goose
In view of the change of ownership from the US private equity Carlyle to its British peer Permira , Maureen Chiquet could replace Patrizio Di Marco as chairman of Golden Goose , according to the Corriere Economia , a weekly insert of the daily Corriere della Sera ...
-
News briefs
Farfetch continues to grow strongly in Q1 and lose money
The British online fashion retailer Farfetch saw gross sales value rise by 46 percent in the first quarter of 2020 to $610.87 million, while the net loss increased slightly to $79.18 million from $77.69 million a year earlier. Revenue increased by 90 percent to $331.44 million. The gross ...
-
Article
Italian footwear sales drop by 38.4% in Q1
In the first quarter, the Italian footwear industry suffered a 38.4 percent year-on-year drop in sales, representing a €1.7 billion loss in revenues, and a 46.2 percent decline in orders due to the impact of the Covid-19 pandemic. Among the means seen necessary to relaunch the industry is the organization ...
