All Shoe Intelligence articles in Volume 23, Issue 33+34
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PDF NewsletterShoe Intelligence Newsletter: Vol 23 - 33+34
Italy down 3 in footwear ranking | Ecco’s CEO steps down | Covid spawns Italian start-up Accricco | Hotter’s parent to diversify | Hunter launches Hunter Protect | Deichmann’s sales fall 20% in 2020 | Eobuwie opens its 1st store outside Poland | Stuart Weitzman sees profitability this year | Vulcabras’ sales growth accelerates | Yue Yuen raises sales and margins
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News briefs
Deichmann may double its store network in the U.K. over time
The German footwear company Deichmann plans to expand in the U.K., where it could gradually double its network of 109 stores. In an interview with the Financial Times, Samuel Deichmann, the 28-year-old great grandson of the chain’s founder who manages the British business, said that the company sees ”a lot ...
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Tata International names a new head of its leather division
The Indian group Tata International has promoted Atul Nagrath to the helm of its leather products division, replacing Vembu Muthukumaran who is leaving the group after nearly 20 years. The appointment is effective on Sept. 1. Atul Nagrath is in charge of procurement at the leather products division. Prior to ...
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ArticleStuart Weitzman plans to be profitable this fiscal year
Tapestry, the American group which owns Stuart Weitzman, expects the footwear company to become profitable again in the fiscal year that just started after undergoing a significant restructuring. In the fiscal fourth quarter ended on July 31, Stuart Weitzman managed to significantly cut its operating losses thanks to higher revenues ...
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ArticleHotter’s parent to diversify into apparel and wellness brands
Electra Private Equity, the parent company of the British brand of comfort footwear Hotter Shoes, will undergo a radical transformation that will result in it expanding its offering beyond footwear to include apparel and wellness brands as well as complementary third-party labels. The company will be targeting consumers aged over ...
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News briefs
Klarna launches in Poland
Klarna, the Swedish banking, payment and shopping service with over 90 million users worldwide, officially launched in Poland on Aug. 18, partnering with H&M to introduce the “Pay in 30 Days” option and the Klarna app. Klarna will expand its presence in Poland with a local team and office in ...
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News briefs
U.K. consumer confidence at pre-pandemic level - GfK
According to their latest consumer survey of around 2,000 citizens, market analysts at GfK see the U.K. Consumer Confidence Index at pre-pandemic levels of -8 in August, against a backdrop of cooling headline inflation and rising house prices. Expectations regarding personal financial situations over the next 12 months continue, and ...
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Japanese sneaker platform Soda raises $56 million
Japanese sneaker platform Soda raised 6.2 billion yen (€48.1m-$56.4m) in a Series C funding. The main investor was Kream Corporation, a South Korean sneaker reselling platform that is part of the portfolio of South Korean SoftBank Ventures Asia, which in turn is also one of the Series C investors, along ...
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News briefs
Superga confirms Hailey Bieber as global ambassador
Superga, the Italian brand known for its cotton canvas sneaker, has confirmed Hailey Bieber as its global ambassador for the autumn campaign. The American model, who married the Canadian singer Justin Bieber in 2018, featured in Superga’s spring 2021 advertising campaign.
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News briefs
Shoepassion turns N91 into a lifestyle brand
The Berlin-based footwear company Shoepassion has decided to transform its N91 sneaker label into a lifestyle brand. “N91 reinterprets the urban lifestyle around the sneaker cult and at the same time relies on the highest ethical and ecological standards. With N91 we present contemporary designs from the heart of Berlin ...
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ArticleC-Suite interview: Covid-19 spawns the Italian leather sneaker start-up Accricco
Accricco Shoes is the story of three friends – Alessandro Canullo, 27 years old, Leonardo Lucarelli (27) and Matteo Romagnoli (29) – all from the same town of Monte San Giusto in the Italian region Marche, home to one of the country’s most renowned footwear cluster. When the first Covid-19-related ...
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ArticleHunter launches Hunter Protect
The British brand Hunter Boots has launched Hunter Protect, its program to protect the environment based on seven pledges. By 2025, all the company’s rubber footwear will be Forest Stewardship Council (FSC) certified. It pledges to work with World Land Trust “to protect endangered forests, the species that depend ...
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News briefs
Asos’ chairman quits
Adam Crozier, the chairman of the British online retailer Asos, has been appointed chairman of the U.K. telecommunications operator BT, where he will succeed Jan du Plessis when he retires from the board on Dec. 1. Crozier will join BT’s board as an independent non-executive director and chairman designate on ...
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News briefs
Farfetch GMV rises 40% in Q2
In the second quarter, the British online fashion retailer Farfetch posted a 40 percent year-on-year increase in gross merchandise value (GMV) to $1.008 billion, driven by a similar growth to $913.4 million in GMV generated by the digital platform. GMV stemming from the brand platform grew to $72.7 million from ...
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Skechers commits to $1m donation to Haiti earthquake relief
Skechers is supporting Haiti earthquake relief efforts with a $1 million donation to be given to three charitable organizations: CORE, Hope For Haiti and World Central Kitchen. On Aug. 14, Haiti was hit by a 7.2-magnitude earthquake in which more than 2,100 people have died and over 12,000 injured. ...
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ArticleEcco’s CEO steps down
Ecco’s chief executive Steen Borgholm stepped down “by mutual consent” with the firm on Aug. 20 after four years in the job and over two decades with the Danish footwear company. He is being replaced by Panos Mytaros, who has been with the company for 27 years. ”Borgholm has been ...
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News briefs
ABG may lose its rating if it delays its IPO
Standard & Poor’s indicated that it may downgrade its ratings for the Authentic Brands Group (ABG) if it delays its planned public offering, which would help it to finance its €2.1 billion acquisition of Reebok, or if the IPO would lead the institutional investors that have been sponsoring its expansion ...
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ArticleMarket share of preferred fibers and materials continues to increase
After years of growth, global fiber production, hit by the Covid-19 pandemic, decreased from 111 million tons in 2019 to 109 million tons in 2020. While overall fiber production declined, the market share of preferred fibers and materials is increasing. According to a new report by Textile Exchange, entitled ”Preferred ...
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News briefs
Saucony introduces the new Triumph 19 shoe
Saucony has announced the launch of the all-new Triumph 19 running shoe, available in men’s and women’s sizes at saucony.com and selected running specialty retailers globally. The Triumph 19 features the brand’s PWRRUN+ responsive cushioning, an upgrade from the underfoot cushioning in the Triumph franchise, as well as the brand’s ...
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News briefs
New Balance sues Michael Kors over allegedly similar “N” mark
New Balance has filed a trademark infringement lawsuit against Michael Kors, claiming that two models of its sneakers use an “N” in their design that is “confusingly similar” to the iconic “N” in New Balance footwear. New Balance specifically targeted Michael Kors’ Olympia and Pippin shoe collections. The case was ...
