All Shoe Intelligence articles in Volume 23, Issue 35+36
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PDF NewsletterShoe Intelligence Newsletter: Vol 23 - 35+36
Birkenstock invests €100m to expand | U.K. opposes JD’s takeover of Footasylum | CCC buys a minority stake in delivery company | Hotter Shoes outperforms | Stella building up its foreign base | Designer Brands gains market share | Genesco sees lower Q3 margins | Shoe Carnival hikes full-year guidance | Caleres benefits from full-price selling | Sequential files for bankruptcy protection | Allbirds files for IPO
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News briefs
Higg Index adds new analytics tool to identify risks and opportunities
After identifying a rising demand for environmental data from companies worldwide, the sustainability insights platform Higg (spun out of the Sustainable Apparel Coalition in 2019 as a public-benefit technology company) has introduced a new analytics tool to make it easier for brands and buyers to understand and act to improve ...
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Zalando to join the DAX index
The German online retailer Zalando will join the DAX blue-chip index of the Frankfurt stock exchange on Sept. 20. The stock started trading on Oct. 1, 2014, and has been a constituent of the MDAX index since 2015. Zalando co-founder and co-CEO Robert Gentz said “we are proud to see ...
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Tesco’s F&F to stop selling footwear next year - sources
The British supermarket chain Tesco will stop selling footwear and accessories from spring next year, according to industry sources. The retailer is understood to have been carrying out a review of its F&F clothing business and has decided to gradually withdraw footwear from the range, with completion expected by next ...
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Amazon to open 8 extra warehouses in Germany
By mid 2022, Amazon plans to open additional eight warehouses in Germany that will lead to the creation of 3,000 jobs. The sites will be located in Dummerstorf, Erding, Friedrichsdorf, Helmstedt, Hof/Gattendorf, Neu-Ulm, Weiterstadt and Wenden. This year, the company expects to complete the distribution centers of Friedrichsdorf, Neu-Ulm and ...
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News briefs
Puma unveils latest collaboration with Animal Crossing
Puma has announced the launch of the new Puma x Animal Crossing: New Horizons Collection. The collaborative collection comprises apparel and footwear for adults and children. The collection’s streetwear silhouettes have been reimagined with natural colors and authentic graphics from the video game developed by Nintendo. The collection features some ...
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News briefs
Covestro proposes to use digital printing to glue shoes
Covestro, a German manufacturer of polymer materials is proposing hot-melt adhesives based on its Desmomelt U thermoplastic powder to glue the upper and outsole of shoes by using digital printing. “Polyurethane dispersions have proven their worth in adhesives for manual shoe production. But attempts to automate manual application with robot-assisted ...
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News briefs
German shoe makers H1 sales up by 12.5%
German shoe manufacturers with 50 or more employees enjoyed a 12.5 percent increase in revenues in the first half to €1.44 billion from €1.28 billion a year earlier but have not yet returned to pre-Covid-19 levels. Domestic revenues rose by 12.7 percent to €1.2 billion and foreign sales increased ...
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News briefs
NEWD.Tamaris launches online store
The German brand Tamaris has launched an international online store for its NEWD.Tamaris sub-brand in a move to increase its presence in the premium segment. The store, which is available in 25 countries, will not focus on “fast-moving trends, but on pure value,” it pointed out. The launch is supported ...
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News briefs
True Motion enters the U.K. market
Hamish Stewart, who has been working with Brooks Running for more than 20 years, has become U.K. country manager for True Motion, a German running shoe start-up. He will be assisted by another former running shoe veteran, Richard Outterside, as account manager. The brand, which was founded in 2018, ...
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News briefs
Lotus picks A.P. Hallqvist as distributor for Scandinavia
The British brand Lotus, which was founded in 1759, has appointed A.P. Hallqvist as the official distributor of its footwear and bag collections in Sweden, Denmark, Norway and Finland. ”With roots in footwear manufacturing since 1874, A.P. Hallqvist is a well-suited partner to represent the oldest British footwear brand in ...
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ArticleCaleres benefits from full-price selling and plans price increases from Q4
In the second quarter ended July 31, Caleres posted record quarterly earnings driven by more full-price selling and lower promotional activity as a result of tighter inventories due to disruptions and delays across the supply chain caused by the Covid-19 pandemic. The group’s inventories were about 28 percent below the ...
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ArticleGenesco sees lower Q3 margins on higher freight costs after strong Q2
Genesco forecast that its margins will be squeezed in the third quarter of its 2022 fiscal year amid persistent supply chain challenges and resulting higher freight costs that are seen lasting at least until the end of the year. The warning comes after the American retailer posted better-than-expected profits and ...
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News briefs
Rizzo introduces a consignment model with its suppliers
Rizzo Group has entered a partnership with the fintech company Future of Retail (FoR) which enables it to propose a consignment model to its main suppliers. The deal also allows the troubled Swedish retailer to be less exposed to liquidity constraints while increasing its assortment. Under the arrangement, preferred suppliers ...
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ArticleBirkenstock invests €100m to expand Görlitz plant, build new factory
Birkenstock announced two investment projects worth a combined €100 million and aimed at increasing brand awareness and strengthening its position in the market as a premium manufacturer of German-made shoes. Birkenstock will invest €50 million in its factory in Görlitz, in the eastern Saxony region, and a similar ...
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ArticleSequential files for bankruptcy protection
After many loss-making quarters and the sale of four brands - Heelys, DVS Footwear, Caribbean Joe and Ellen Tracy - earlier this year, the heavily indebted Sequential Brands Group commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware on Aug. 31 to protect it ...
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News briefs
Nike to explore Newlight's carbon-negative material
Nike and California-based Newlight Technologies have entered a partnership to explore the use of AirCarbon, an energy storage material, in a variety of applications within Nike’s supply chain and manufacturing. According to a press release, the collaboration is part of Nike’s plans to accelerate its carbon reduction plans, as materials ...
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News briefs
Keen launches recycled content certification program
Portland-based footwear company Keen is starting a new sustainability initiative based on its growing Harvest line partly made from recycled materials. The new Harvest certification program is part of Keen’s “Detox the Planet” Initiative and is primarily a communication tool that offers transparency on how much industrial waste is recycled ...
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Vans launches a virtual environment for customization, play
Vans is launching a game on Roblox, a development environment and platform for multi-player video games. Vans World, as the game is called, combines skateboarding, fashion and networked gaming. Players can use it as a tool with which customize any of four Vans shoe silhouettes or as a full skate ...
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News briefs
French advertising body agrees that Adidas has stretched its sustainability claims
The ARPP, a non-governmental association for the self-regulation of advertising in France, has sided with a consumer against Adidas. The consumer contends that the German brand’s claims made earlier this year with regard to both the recycled content of its Stan Smith Forever shoes and the extent to which the ...
