All Shoe Intelligence articles in Volume 22, Issue 9+10 – Page 5
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News briefs
Allbirds introduces its first running shoe
Going in the same direction as Veja , the French brand of sustainable footwear that launched its firt running shoes at the Ispo show in Munich earlier this year, Allbirds , the brand that focuses on environment-friendly footwear, has released its first running shoe. The Tree Dasher is ...
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News briefsStandard & Poor’s downgrades Wolverine to ‘BB’
Wolverine Worldwide ’s share buyback policy and the impact of Covid-19 have lifted its debt leverage, prompting Standard Poor’s (S P) to downgrade its credit rating. A further downgrade is possible if the company fails to reduce its leverage in 2021, said S P. A few days ...
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News briefsTimberland releases 2019 CSR report
In 2019, Timberland , a VF Corp. brand, continued to push forward with its sustainability goals. For all cotton sourced by Timberland, including licenced apparel and accessories, Timberland increased its use of sustainably sourced cotton by 3 percentage points over the previous year to reach 77.5 percent. As for ...
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News briefsAdidas fell by 19% in Q1, sees Q2 down by over 40%
The Adidas Group reported a sharp drop in profit margins on a 19.2 percent decline in sales for the first quarter, due to the coronavirus outbreak, but warned that the second quarter will be worse. With more of its store base still closed at the time of of the release ...
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News briefs
ANWR Schuh appoints a new chief executive
Tobias Eichmeier was appointed joint chief executive of ANWR Schuh on May 1. He will be leading the German buying group shoe retailers together with Heike Discher . Eichmeier, 44, previously worked for Globetrotter , responsible for purchasing and the development of the German outdoor retail chain’s product ...
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News briefs
UNIC webinar on May 5 to discuss tannery reopening guidelines
UNIC-Lineapelle will be holding a webinar on May 5, from 16:00 to 17:00, to present the ”Protocol on the Reopening of Tanneries in Italy.” The Italian tanners’ association reached an agreement on the guidelines with the trade unions on April 21, in view of the resumption of manufacturing at ...
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Article
Tapestry books huge impairment charges for Stuart Weitzman
Tapestry , the parent company of Stuart Weitzman, Coach and Kate Spade , reported strong losses for its third fiscal quarter ended April 30. Net loss reached $677 million, against a net income of $117 million for the year-ago period. This is mainly due to impairment charges of $267 million ...
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News briefs
Sabu launches campaign for the reopening of stores
Sabu , the German shoe retailers’ cooperative, has launched a marketing campaign for the reopening of its members’ stores. Together with a local advertising company, BSS Brand Communication , Sabu has started an online and offline campaign. The slogan of the campaign, ”Live here. Buy here - Your specialist shoe ...
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