All Shoe Intelligence articles in Volume 23, Issue 29+30 – Page 2
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News briefs
Crocs makes sustainability pledge
Crocs has pledged to have net zero carbon emissions by 2030, and to this end it will be increasing the sustainability of its materials, changing its packaging and investing in “resource use” and “product afterlife solutions.” The American brand is modifying the composition of its shoes’ main ingredient, Croslite, to ...
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ArticleFerragamo’s retail sales return to pre-Covid levels in July
In the first half, Salvatore Ferragamo’s revenues grew by 44.1 percent year-on-year to €523.8 million, missing market expectations by about €20 million. At constant currency rates, the top line increased by 46.2 percent driven by the Americas. The top line was cut by the deconsolidation of the company’s fragrance business, ...
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ArticleC-Suite interview: Made in Italy Fund snaps up Autry, Ghoud sneakers and seeks synergies
The sneaker brands Autry and Ghoud are among the latest additions to the portfolio of the Made in Italy Fund, which is looking to capitalize on synergies from its growing stable of accessible luxury labels in fashion and footwear and tap into opportunities for international expansion. The fund could put ...
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ArticleExpo Riva Schuh closes with 2,700 visitors
The 95th edition of Expo Riva Schuh and the 6th edition of Gardabags attracted over 2,700 visitors from 79 different countries, confirming their international reach despite the travel limitations caused by the Covid-19 pandemic. Buyers came from Europe, especially Italy, Germany, Poland, Spain, France and the Netherlands, as well as ...
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ArticleZegna to go public and L Catterton takes over Etro
The Italian fashion group Ermenegildo Zegna will go public and list on the New York Stock Exchange later this year through a merger with Investindustrial Acquisition Corp (IIAC), a special purpose acquisition company (SPAC) sponsored by subsidiaries of Investindustrial VII, a fund managed by the private equity Investindustrial founded by ...
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News briefs
Josef Seibel opens renovated shoe factory and visitor experience center
After extensive renovation, the German shoe company Josef Seibel has opened its newly designed shoe factory and visitor experience center in Hauenstein, in the Rhineland-Palatinate region, to mark its 135th anniversary. With its wood paneling, clear lines and state-of-the-art interiors, Josef Seibel’s new factory houses an exhibition where visitors ...
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News briefs
Aerosoles partners with American Exchange Group
The U.S. company Aerosoles has entered a distribution partnership with American Exchange Group, under which the two companies will collaborate on the design, branding and strategy for a new Aerosoles collection targeted to the mass and off-price channels starting from spring 2022. “This partnership marks an exciting new chapter in ...
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News briefs
U.K. scraps Tradeshow Access Programme
The U.K.’s Department for International Trade (DIT) has scrapped the Tradeshow Access Programme (TAP) which had been running for over 30 years. It provided grant funding to small and medium businesses across different industries to cover expenses associated with exhibiting at foreign trade fairs. British fashion and textile companies were ...
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News briefs
Ecco USA president retires
Dave Quel will retire at the end of the month as president of Ecco USA. Klaus Flock, the chief financial officer of Ecco USA, will take over the job on an interim basis on Aug. 1 until a permanent replacement is appointed. Quel joined the company in 1999 as territory ...
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News briefs
Sioux takes over distribution in Benelux
The German shoe manufacturer Sioux will directly manage distribution in the Netherlands, Belgium and Luxembourg. The move, effective from Aug. 1, is aimed at being closer to customers in the growing Benelux market, the company said. The Walheim-based company was represented in the Benelux by the Dutch footwear distributor ...
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News briefs
Eddie Bauer launches gear rental service
U.S. outdoor lifestyle brand and retailer Eddie Bauer has launched a gear rental service which includes items such as hiking boots, tents and backpacks. On the company’s website a pair of men’s Guide Pro Boots is offered at $18 a pair with delivery on July 28 and return on July ...
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News briefs
Grupo Hergar 2020 sales fall to €30m
Grupo Hergar, the Spanish footwear manufacturer that owns the Callaghan and Gorila brands, saw its 2020 sales drop to slightly over €30 million due to the Covid-19 pandemic from €45 million in 2019. The Arnedo-based company told the local press that it has started to recoup lost sales but it ...
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ArticleBrazilian exports rise by a third in volume
In the first half of 2021, Brazilian footwear exports rose by 17.7 percent in value to $389 million and by 32.3 percent in volume to 57 million pairs compared with the previous year when trade was depressed by the Covid-19 outbreak, according to data released by the local footwear association ...
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News briefs
Stella Q2 sales rise by 58.1%
The sales of the Hong-Kong-based footwear group Stella International rose by 58.1 percent to $392.1 million in the second quarter from $248.0 million a year earlier, when sales were negatively impacted by the outbreak of the Covid-19 pandemic. Top line growth was also underpinned by a recovery in orders in ...
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News briefs
Lenzing and Orange Fiber cooperate on new lyocell fiber made from orange pulp
Lenzing and Orange Fiber, an Italian company that has patented the pulp production process for citrus by-products, have unveiled the first Tencel brand lyocell fiber made from orange pulp and wood sources. With this new product, the companies aim to improve sustainability in the textile and fashion industry. As part ...
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ArticleCovid outbreak closes major factories in Vietnam
A sudden and violent outbreak of the Covid-19 epidemic in Ho Chi Minh City (HCMC) and its environs is expected to delay shipments of shoes and apparel and may result in a loss orders for local manufacturers, according to the local NV Express, which cited the shutdown of 29 companies’ ...
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News briefs
Norda launches trail running shoe using bio-based Dyneema fiber
Norda, a young Canadian brand of running shoes, introduced the first seamless trail running shoe made from bio-based Dyneema fiber, produced by Royal DSM. DSM claims that bio-based Dyneema performs exactly the same as conventional Dyneema, with a carbon footprint 90 percent lower than high-performance polyethylene, thanks to the use ...
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News briefs
EU asks for comments on 'vertical' supply chain agreements
The European Commission has launched a final public consultation on the anti-trust implications of so-called “vertical agreements” between companies operating at different levels of the supply chain in order to update and improve its Vertical Block Exemption Regulation (VBER) and the related Vertical Guidelines. The EU is asking stakeholders to ...
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ArticleAsos warns of volatility ahead as global sales rise
The British online fashion firm Asos warned of volatility in the months ahead as it reported a rise in sales and maintained its annual profits guidance. It added that profits were being squeezed by increased freight costs and global supply chain disruption caused by the Covid-19 pandemic and Brexit. “The ...
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News briefs
Görtz expands its e-commerce reach
German footwear chain Görtz is further expanding its online presence with an accelerated overhaul of its retail strategy. Under the “Görtz Connected” concept, a cornerstone of the Hamburg-based company’s revamped digital-driven strategy consisting in enhancing its Goertz.de website with the opening of an online store for brand partners in ...
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