All Shoe Intelligence articles in Volume 22, Issue 9+10 – Page 4
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News briefs
Xingye Leather joins Material Exchange
The Chinese tanning group Xingye Leather has become a member of Material Exchange , an online platform for the procurement of material for footwear and fashion companies. Based in Stockholm, Material Exchange was launched in 2016. It was rolled out in the U.S. in 2018 and in China in ...
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News briefs
ANWR Schuh launches new social media campaign
ANWR Schuh, the German buying group for shoe retailers, has launched a social media campaign to create awareness of independent shoe retailers. The campaign, with the slogan #LocalShoeLove, was started on Facebook and retailers are invited to share the campaign with clients in order to increase viewings. ...
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News briefs
British Footwear Association launches online “Shoe School”
The British Footwear Association (BFA) has announced the launch of an online “Shoe School,” designed for people who work with footwear but have no formal training in shoe manufacturing. The training covers subject areas like design, footwear and sizing, materials, components, ethics and sustainability in footwear, among others.
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News briefs
U.S., Brazilian footwear industries suffer severe job losses
Both the U.S. and Brazil have seen large job losses in the shoe sector amid the spread of the coronavirus both in the two countries and globally. Data from the Footwear Distributors and Retailers of America showed that estimated employment in the U.S. shoe industry, including manufacturing, repair, ...
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News briefs
Keen switches part of production in Thailand to face masks
Keen Footwear has converted a production line at one of its factories in Thailand to manufacture reusable and washable face masks. As part of its “Together we can help” campaign, the American outdoor footwear brand has donated 100,000 masks worldwide to people working in the retail industry. In Germany ...
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News briefs
Munich reopens 5 Spanish stores
The Catalan footwear group Munich reopened five out of its 20 stores on May 11, as Spain partially lifted a nationwide lockdown. Munich closed its stores on March 14, when the government introduced a state of emergency to combat the Covid-19 pandemic. The stores are open from 11.00 ...
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News briefs
March shoe and clothing retail sales down 38.9% in Eurozone
Retail sales of clothing and footwear fell by 38.9 percent year-on-year in March across the Eurozone, according to the statistics office Eurostat, due to the widespread retail lockdowns across the region. The drop in total eurozone retail sales amounted to 11.2 percent, including a decline of 23.1 percent in the ...
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News briefs
JD’s takeover of Footasylum is blocked
After a more in-depth review of JD Sports Fashion ’s acquisition last year of the Footasylum chain in the U.K., Britain’s Competition and Markets Authority ( CMA ) announced on May 6 its decision to block it, arguing that it would lead to a “substantial lessening of competition nationally,” ...
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Article
Puma posts a 1.5% drop in Q1
Doing better than some competitors, Puma reported sales declines of only 1.5 percent in euros and 1.3 percent in local currencies during the first quarter, leading to a 61.6 percent drop in net earnings to €36.2 million on sales of €1,299.8 million, although the company started the year with ...
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Article
Aldo Group files for bankruptcy protection to restructure
Montreal-based Aldo Group has filed for bankruptcy protection in Canada and in the U.S. as it prepares to restructure and stabilize its business after turnaround plans for its already loss-making business were derailed by the Covid-19 pandemic.
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News briefs
Leomil to launch a Baby Shark collection
Through a licensing deal arranged by the WildBrain CPLG agency, Leomil has established a partnership with Nickelodeon , the American television channel, and Pinkfong , the brand that produced Baby Shark , to launch a new Baby Shark-branded collection. The first products will be available for the back-to-school ...
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Article
Altagamma predicts 20 percent drop in global luxury goods sales this year
Global sales of luxury goods are forecast to fall by 20 percent this year, with Europe most affected. It could take until 2023 to return to 2019 levels, according to forecasts by Altagamma and the consultancy Bain Company .
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Article
Neiman Marcus files for Chapter 11 bankruptcy protection
Neiman Marcus , the U.S. retailer, on May 7 entered into a restructuring support agreement (RSA) with most of its creditors to undergo a financial overhaul, substantially reducing its debt load and interest payments and supporting continued operations during the Covid-19 pandemic and afterwards. The deal represents over two-thirds ...
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Article
Zalando sees 2020 revenues up by 10-20%
Zalando issued a new full-year guidance which takes into account the impact of the Covid-19 pandemic and sees gross merchandise volume (GMV) and revenues up by 10-20 percent. It noted that its forecast growth is significantly above the expected increase for the overall fashion industry.
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Article
Geox’s Q1 sales fall by 30%
Geox ’s sales fell sharply in the first quarter of 2020, which was heavily affected by temporary store closures due to the Covid-19 pandemic in all regions the company is present. It warned that the second quarter will be worse.
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Article
Weyco Q1 sales down by 14%
Revenues for the Weyco group declined by 14 percent to $63.6 million in the first quarter after having to close its domestic U.S. retail locations on March 18 due to the Covid-19 pandemic. Wholesale and retail businesses in Australia, Asia, South Africa, and Europe were similarly affected by retail ...
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News briefs
Schuhe.de appoints two new product managers
Schuhe.de , the ANWR group’s online platform for shoe retailers, appointed two new product managers. Arlett Ruhtz will from now on be responsible for marketing, communications and public relations. She was previously responsible for the conception, coordination and strategic development of communication with end consumers. She will also ...
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Article
Vivarte prepares to reopen stores on May 11
Vivarte , the French retailer that owns the banners La Halle , Caroll and Minelli , will reopen its 1,350 stores after eight weeks of closure on May 11. Stringent hygienic rules will be introduced, especially for fittings.
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News briefs
Micam scheduled for Sept. 20-23
The organizers of the Micam trade show are preparing the next edition to be held at the Rho exhibition hall, near Milan, on Sept. 20-23. The theme of the fair will be the second chapter in the #micamtales series, dedicated this year to Micam in Wonderland, The creative ...
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News briefs
Wolverine issues $300 million in senior notes
Like other U.S. companies in our sector and others, Wolverine Worldwide is resorting to a bond offering to help raise more cash as security against the impact of Covid-19. The company announced on May 6 that it is offering $300 million worth of senior notes due in 2025 to ...
