All Shoe Intelligence articles in Volume 23, Issue 29+30
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PDF NewsletterShoe Intelligence Newsletter: Vol 23 - 29+30
Expo Riva Schuh closes with 2,700 visitors | Pikolinos sees years to return to pre-Covid | Made in Italy Fund snaps up Autry, Ghoud | Ferragamo’s retail sales return to pre-Covid levels | Zegna to go public | Skechers’ Q2 sales rise by 127.3% | Crocs raises guidance | Brazilian exports rise by a third | Covid outbreak closes factories in Vietnam | StockX’s GMV up 90%
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News briefs
Dr. Martens opens a store in Hamburg
On July 22, Dr. Martens opened its first store in Hamburg on Mönckebergstrasse in Hamburg. The 107 square meter store contains artwork made by the local graffiti artist Anna T-Iron. Mönckebergstrasse is close to the main train station and one of the city’s busiest shopping streets.
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News briefs
LVMH fashion and leather goods sales surge
Organic sales of the fashion and leathergoods division of the French luxury goods conglomerate LVMH rose by 81 percent year-over-year in the first half. On a reported basis, sales for the division were up by 74 percent to €13.863 billion. When compared with the first half of 2019, organic sales ...
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News briefs
YouTube acquires Indian social commerce platform Simsim
Google Inc, a subsidiary of technology holding Alphabet Inc, announced it has reached a definitive agreement for YouTube to acquire the Indian social commerce startup Simsim, which has a reach of more than 450 million active users per month, for more than $70 million. The acquisition is expected to help ...
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News briefs
Klarna acquires influencer and performance marketing solution APPRL
Klarna, the Swedish retail banking, payment and shopping service, has announced the acquisition of APPRL, a SaaS platform that enables content creators and retailers to work together seamlessly to deliver informative shopping content to consumers around the world. Klarna sees itself as a global growth partner for its more than ...
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News briefs
New study says contactless card transactions will reach $2.5 trillion by 2021
The value of global contactless card transactions will reach $2.5 trillion in 2021, up from $1.7 trillion in 2020, and cards will continue to account for the largest share of total transaction value in 2021, at 79 percent, according to a new report from U.K.-based market research firm Juniper Research. ...
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News briefs
Ferragamo board director leaves to head RAI
Salvatore Ferragamo said that Marinella Soldi, an independent non-executive board director and chairwoman of the nomination and remuneration committee, has resigned with immediate effect for professional reasons. At the time of her resignation Soldi did not hold any shares in the company. Soldi was appointed chairwoman of the Italian state ...
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ArticleC-Suite interview: Pikolinos believes it will take several years to return to pre-Covid levels
“We are closing fiscal 2021 with a decline of about 30 percent in revenues compared to the previous years,” said Juan Manuel Perán, CEO of the Spanish shoe company Pikolinos in an exclusive interview with Shoe Intelligence. The company’s fiscal year runs from May 1 to April 30. Perán remains ...
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News briefs
Clarks launches style using surplus materials
Clarks Originals has released a new style called Wallabee Patch whose upper is made by using surplus materials to create a ”unique camouflage design.” The company said that Wallabee Patch ”combines sustainable production with our iconic moccasin silhouette.” It added that the rubber crepe sole is Forest Stewardship Council-certified and ...
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News briefs
Genesco wins board battle
The management of Genesco has won a battle for the control of the board of directors against the activist shareholder Legion Partners Asset Management, which owns 5.6 percent of the capital of the U.S. footwear company. Genesco said that shareholders voted ”overwhelmingly” to re-elect all nine of the company’s director ...
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News briefs
LIR 2020 net profit shrinks to €0.6m
LIR, the family holding company that controls Geox and Diadora as well real estate assets through Domicapital, posted a net profit of €627,000 in 2020 compared with earnings of €6.52 million in 2019. The company ended 2020 with €817 million in equity and €268 million in liquidity. ...
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News briefs
Brazil supports footwear presence at Playtime NY
The footwear export promotion program Brazilian Footwear, developed by the Brazilian footwear association Abicalçados and the trade and investment promotion agency Apex-Brasil, is supporting the participation of Brazilian brands at Playtime NY, children’s and maternity trade show held biannually in New York. The next edition takes place on Aug. 1-3. ...
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News briefs
Holger Rosemann becomes CEO of AstorMueller
Swiss shoe manufacturer AstorMueller has announced the name of its new CEO. Starting on Sept. 1, Holger Rosemann will take the helm of the company from Peter Schüpbach, who has been serving as interim CEO since May 1. Rosemann, 52, was most recently head of operations value chain and ...
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News briefs
Bally signs up Johnny Huang as global ambassador
Bally has signed up Chinese actor and model Huang Jingyu, also known as Johnny Huang, as the face of its autumn/winter campaign and as its brand ambassador. It is the first time a Chinese person is the global ambassador for the brand. In China, the Swiss company has 60 stores ...
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News briefs
Skechers launches kansaïyamamoto limited edition
Skechers launched a limited edition collection inspired by the late iconic Japanese designer Kansai Yamamoto. The Skechers x kansaïyamamoto collection of four fashion sneakers for men and women was launched on July 21, the one-year anniversary of the passing of the designer, in Japan, North America and Europe.
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News briefs
Nexgen Packaging buys Ditto Sustainable Brand Solutions
Nexgen Packaging, an American supplier of packaging for the retail, apparel and footwear industry, announced the acquisition of the assets of Oakland, California, based Ditto Sustainable Brand Solutions. Nexgen said that the acquisition strengthens its position in supplying retailers and brands with environmentally conscious packaging solutions.
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News briefs
Sequential sells DVS Footwear to Elan Polo
While exploring strategic options to keep afloat, the Sequential Brands Group sold on July 19 its 65 percent stake in DVS Footwear to Elan Polo International for $2 million in cash. DVS is a global American brand of skate shoes founded in 1995. In April, Sequential sold another footwear brand ...
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Article
StockX's GMV up 90% thanks to new categories
In a mid-year snapshot of its “Culture Index,” which was first launched last year, StockX reported a 90 percent increase in the gross merchandise value (GMV) going through its marketplace in the first half of 2021, led by a growth of 250 percent from “emerging categories” such as gaming consoles, ...
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ArticleSkechers’ Q2 sales rise by 127.3%, driven by comfort trends
Skechers reported a 127.3 percent increase in revenues to a record level of $1.66 billion for the second quarter ended June 30, with a growth of 117.5 percent in local currencies. Compared with the second quarter or 2019, the top line grew by 31.7 percent on a reported basis. Improving ...
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ArticleCrocs raises guidance as Q2 revenues stride ahead
Crocs reported better-than-expected second-quarter sales and raised its full-year guidance on the back of strong global demand for its products, despite supply chain disruptions caused by the Covid-19 pandemic. Easily beating an analyst consensus forecast of $565.2 million, the company posted record revenues of $640.8 million for the three months ...
