All Shoe Intelligence articles in Volume 23, Issue 35+36 – Page 2
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ArticleU.K. regulator still opposes JD’s takeover of Footasylum
Leaving the door open for comments by Sept. 16 before making a final decision in October, the U.K. Competition and Markets Authority (CMA) restated on Sept. 2 its provisional ban on JD Sports Fashion’s already completed acquisition of the Footasylum, in spite of criticism expressed by the Competition Appeal Tribunal ...
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News briefs
Alibaba pledges 100bn yuan for charitable causes
The Chinese internet company Alibaba pledged to invest RMB 100 billion (€13.1bn-$15.5 bn) in ten key initiatives to “promote common prosperity in China.” The announcement comes after Chinese President Xi Jinping urged the wealthy to tackle inequality but dragged down the company’s share price on concern about its impact on ...
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News briefs
Hoka One One opens its first physical retail stores
Hoka One One is opening its first retail shops, in New York and Los Angeles, after introducing its first lines of running apparel. The two pop-up stores are expected to stay open through December. The 185-square-meter store in NYC is located in the Flatiron district, at 142 Fifth Avenue. The ...
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News briefs
Chinese marketplace Shein expands in Russia
Over the past 12 months, the Chinese fast fashion marketplace Shein has tripled daily visits, surpassing its Russian peer Lamoda, a research conducted by the Russian analytical firm Mediascope showed. Shein has the potential to increase its presence in Russia over the next few months and compete with market leaders, ...
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ArticlePrada requires health pass or Covid testing for Italian staff
Starting Sept. 6, Prada is asking its over 3,000 workers in Italy to submit proof of Covid-19 vaccination or recovery from the virus to access its facilities. As of that date, employees of the luxury group in Milan and the Tuscany region will be asked to show the digital Covid ...
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News briefs
Russia continues to be submerged with counterfeit shoes
Andrey Pavlov, the general director of the Russian shoe company Zenden, claims that the Russian market continues to be submerged with counterfeit footwear and that law enforcement agencies are not acting to stem the flow. In 2020, some 40 to 50 million pairs of counterfeit shoes landed on the Russian ...
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ArticleDesigner Brands gains market share in athleisure, kids’ footwear
In the second quarter ended July 31, Designer Brands posted a 66.9 percent year-on-year increase in net sales to $817.3 million, with comparable sales up by 84.9 percent as it continues to focus on athleisure and kids’ footwear. The U.S. retail business posted an 83.5 percent increase in sales to ...
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News briefs
K-Swiss teams up with YG on “Disco” sneaker
K-Swiss has collaborated with YG on a new co-designed sneaker collection at the intersection of the sneaker culture and hip-hop. The K-Swiss Classic LX, one of the brand’s most enduring silhouettes, has been reimagined in a glittering silver motif. The shoe is called “Disco”. K-Swiss’ 50-year-old silhouette retains the brand’s ...
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ArticleAllbirds files for IPO but remains loss-making
Allbirds, the B Corporation certified Californian brand of footwear and apparel, has filed an application with the U.S. Securities and Exchange Commission for an initial public offering. The document indicates the size of the transaction at $100 million, which is an estimation solely made to define the registration fee of ...
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ArticleShoe Carnival hikes full-year guidance after strong second quarter
The American footwear retailer Shoe Carnival increased its full-year guidance after posting strong second-quarter results. “Sales and profit results are far exceeding our expectations for fiscal 2021. And as such, we are significantly raising our annual guidance,” said Mark Worden during a conference call. Worden is chief customer officer but ...
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ArticleCCC buys a minority stake in delivery company
The Polish shoe and apparel company CCC is buying a minority stake in Xpress Delivery, a company providing logistics and IT solutions for the delivery of parcels. The companies started cooperation nine months ago by introducing the CCC Express service in Poland. The service is availabe in 37 Polish towns, ...
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News briefs
Allbirds opens a store in Atlanta
Allbirds, the B Corporation certified Californian brand of footwear and apparel, has opened a 3,000 square foot retail store and community center at Atlanta’s Ponce City Market. It is the brand’s first store in the Atlanta area and 30th globally, with locations across North America, Asia, and Europe. In 2019, ...
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News briefs
Shopify launches Tik Tok Shopping in the U.S. and U.K.
The Canadian e-commerce platform Shopify has launched a TikTok Shopping pilot in the U.S. and in the U.K. for its merchants. A select group of merchants in Canada will participate in the pilot in the coming weeks, and the feature will roll out to additional regions in the coming month, ...
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Peroni launches limited sneaker edition with M.Gemi
The Italian beer producer Peroni Nastro Azzurro, premium Italian birra, has launched a limited-edition of luxury sneakers in collaboration with the leather shoes and accessories brand M.Gemi. The Peroni x M.Gemi collection features leather footwear for both men and women handcrafted in Italy. The shoes are available on mgemi.com. Founded ...
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News briefs
Global kids’ footwear market to grow 4% a year - Technavio
The global children’s footwear market is expected to rise by an annual average of 4 percent between 2020 and 2024 after growing 3.28 percent in 2020, according to a report published by the research and advisory company Technavio. The market is expected to grow by $8.65 billion during 2020-2024, ...
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News briefs
Sam Edelman launches its first fragrance
The U.S. women’s footwear company Sam Edelman, launched its first-ever eau de parfum, Signature by Sam Edelman. The fragrance is inspired by ”the effortless elegance, feel-good spirit and aspirational style of the Sam Edelman brand,” it said. The fragrance was created by Raymond Matts in partneship with Frank Voelkl, principle ...
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News briefs
Invista to double nylon 6,6 polymer capacity at Shanghai site
In an effort to answer the domestic demand for nylon 6,6 polymers, Invista Nylon Chemicals (China) announced plans to double its current production at the Shanghai Chemical Industry Park. The plan follows a 40,000-tonne/year capacity increase that was installed in 2020. Thanks to an investment of RMB 1.5 billion (€197m-$230m), ...
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ArticleSOLE launches climate accountability initiative and carbon-negative insoles
Canadian footwear company SOLE has launched CO2negative, an initiative in collaboration with ReCORK to promote and facilitate the accurate labeling of the climate impact of consumer products and the certification of CO2-negative products, and simultaneously announced its first CO2negative-certified insoles, the Performance footbed collection. Made from ReCORK recycled cork, the ...
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ArticleFormer Coach head to become Capri’s CEO
On Aug. 24, Capri Holdings, the luxury goods group that owns the brands Jimmy Choo, Versace and Michael Kors, appointed Joshua Schulman as CEO of Michael Kors. In September 2022, he is due to succeed John Idol as CEO of Capri, when Idol will become executive chairman. Idol is currently ...
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ArticleHotter Shoes outperforms U.K. retail sector
The British comfort footwear brand Hotter Shoes reported a strong increase in sales during the month of July, despite the overall weak performance of U.K. retail since stores reopened in April after a Covid-19-related lockdown. The company said July sales increased 24 percent against June. Total sales were up 82 ...
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