All Shoe Intelligence articles in Volume 23, Issue 33+34 – Page 2
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News briefs
Vietnamese manufacturers react to the spreading virus
More than 1,000 companies operating in various sectors in the Ho Chi Minh City region have managed to keep most of their workers on site, accommodating them in their factories or transporting them from hotels and other lodgings, to help avoid a shutdown of their operations due to the spreading ...
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News briefs
El Corte Inglés to halve its suppliers
The Spanish department store chain El Corte Inglés plans to cut down by almost one-half the number of its suppliers under a program that started three years ago, according to El Economista. Meanwhile, the group has been recovering strongly from the Covid pandemic, which led it to book a net ...
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News briefs
JD Sports and Nike launch virtual sneaker try-on event on TikTok
JD Sports is launching an interactive social media campaign, created in close partnership with TikTok’s Creative Lab, to support the release of Nike’s new Air VaporMax. Thanks to a 3D augmented reality branded effect, any TikTok user will be able to virtually superimpose the new shoes in three different colors ...
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ArticleWHP Global buys the Lotto brand, licenses it back to LSI
WHP Global, a New York-based brand management company, has purchased the global intellectual property rights of the Lotto brand from Lotto Sport Italia (LSI), which will continue to manage the brand in Italy and the rest of the EMEA region as a licensee under the leadership of its long-time CEO, ...
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News briefs
Amazon reportedly plans to open large U.S. stores
The American online retailer Amazon plans to open several large physical retail locations in the U.S. that will operate like department stores, The Wall Street Journal reported citing people familiar with the matter. Some of the first Amazon department stores are expected to be located in Ohio and California. The ...
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Article
Wildberries’s H1 sales rise by 70%
In the first half, the sales of Russia’s largest online retailer, Wildberries, jumped by 70 percent year-over-year, reaching 303 billion rubles (€3.5bn-$4.04bn). In volume, sales were up by 82 percent. The fashion segment rose by 39 percent year-on-year to 135.8 billion rubles (€1.57bn-$1.84bn). In the sole second quarter, revenues ...
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News briefs
Bally develops direct-to-consumer channel in Russia
The Swiss footwear company Bally opened its first store in Moscow in cooperation with Brand-à-porter, which also manages mono-brand stores for Escada, Kenzo, Giuseppe Zanotti, A. Testoni and Tsumori Chisato and has its own e-commerce platform. The Bally monobrand store occupies 150 square meters of shopping space in the Crocus ...
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News briefsCounterfeiting still prevails in Russian fashion purchases
In 2020, the Russian market for counterfeit luxury clothing, footwear, and accessories decreased by 12 percent, to 248 billion rubles (€2.87bn-$3.37bn). But, the legal market for premium brands remains smaller, being estimated at only 234 billion rubles (€2.71bn-$3.18bn), and experienced a stronger decline, falling by 15 percent, a research conducted ...
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News briefs
Leder & Schuh takes over 3 CCC stores in Austria
The Austrian shoe retailer Leder & Schuh is taking over three stores previously managed by the Polish company CCC which is pulling out of Austria. The stores are located in Graz, Bärnbach and Vienna and will bear the Shoe4You banner. The company is also opening four new Humanic stores, one ...
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ArticleDeichmann sales fall 20% in 2020
The German retailer Deichmann suffered a 20 percent decline in sales last year, resulting in €1 billion in lost revenues globally, due to the outbreak of the Covid-19 pandemic, the chairman, Heinrich Deichmann, told Textilwirtschaft. In the interview, he said that the group had not dismissed any employees or closed ...
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News briefs
Pitti Uomo now scheduled Jan. 11-13
Pitti Immagine announced that the menswear show Pitti Uomo will now be held on Jan. 11-13 jointly with the kidswear event Pitti Bimbo at Fortezza da Basso in Florence. Previously, the organizers had indicated that Pitti Uomo would run for four days on Jan. 11-14 and that Pitti Bimbo would ...
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News briefs
CHIC Shanghai move to Oct. 9-11
The fashion and lifestyle trade show CHIC Shanghai, which was scheduled to be held on Aug. 25-27, has been moved to Oct. 9-11. About 500 brands are registered to attend the show, where about 60,000 visitors are expected. Chen Dapeng, president of China National Garment Association and CHIC - China ...
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ArticleItaly loses 3 positions in global footwear ranking
Because of the outbreak of the Covid-19 pandemic, global footwear production fell by nearly 16 percent in 2020. Some countries such as Pakistan and Bangladesh managed to buck the trend but most producers suffered from the global drop in demand caused by widespread lockdowns. Italy was particularly hit and lost ...
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ArticleEobuwie opens its first physical store outside Poland
Eobuwie, the online retailer owned by the Polish group CCC, has opened its first brick-and-mortar store outside Poland. Eobuwie has 25 physical stores in its home market and opened on July 30 a store in the Novy Smichov shopping center in Prague. Previously, eobuwie only operated in the Czech Republic ...
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News briefs
Gen Z consumers open to clothing rental
According to a new study among consumers aged between 19 and 24 conducted by the College of Agricultural, Human and Natural Resource Sciences at the Washington State University (WSU), Gen Z adults are interested in using apparel rental services to reduce overconsumption. Ting Shi, co-author and chair of apparel, merchandising, ...
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ArticleStudy shows greater consumer awareness in use of animal products in fashion
According to a new study initiated by animal welfare organization Four Paws and executed by YouGov, there is a significant increase in awareness and sensibility among consumers worldwide regarding the use of animal products for fashion since the outbreak of the Covid-19 pandemic. There is a measurable increase in the ...
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News briefs
Wolverine plans to offer $550m in 4.000% notes
Wolverine Worldwide announced the planned issue to institutional investors of $550 million worth of new senior notes due in 2029 bearing annual interest of 4.000 percent. It will use the proceeds to redeem all its outstanding 6.375 percent notes due in 2026 and 5.000% notes due in 2026. The group ...
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ArticleYue Yuen raises sales and margins, shifting to higher-end products
Shifting to higher-end products, the world’s largest shoe manufacturer managed to raise the average selling price of the products made at its factories by 6.5 percent to $18.37 per pairs in the first half of 2021. This helped Yue Yuen Industrial (Holdings) to expand the gross margin of its footwear ...
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News briefs
Boohoo plans to invest £500m creating 5,000 UK jobs as demand soars
The online fashion retailer Boohoo is investing £500 million (€588m-$693m) in the U.K. over the next five years, creating 5,000 jobs and increasing its ability to meet rising domestic and international demand. The British company, which focuses on clothing, shoes, accessories and beauty products for 16 to 30-year olds, said ...
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News briefs
Diadora grows strongly in the U.S.
Diadora is projecting growth in the mid-teens for this year. In 2020, the pandemic led the Italian brand to a decline in consolidated revenues to €138 million from €168 million in 2019. Sales are on the rise particularly in the U.S. and the Benelux countries. In the U.S., Diadora expects ...
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