All Shoe Intelligence articles in Volume 23, Issue 37
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PDF NewsletterShoe Intelligence Newsletter: Vol 23 - 37
First Chinese delegation at Micam | Italian footwear output up 12.9% in H1 | Vietnamese Covid restrictions hitting hard | Tod’s foresees FY sales of €800m | Ferragamo’s strong retail continues after profitable H1 | JD raises FY guidance after record H1 | Primark enjoys pent-up demand, sees inventories declining | Inditex posts record results in Q2 | Kantar study sees strong local advertising outside digital
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ArticleInditex posts record results in Q2
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Uterqüe, posted record results in the second quarter ended July 31, as sales rose by 7 percent at constant currency rates compared with the second quarter of 2019, which was not affected by the ...
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News briefs
H&M Q3 sales rise 14% in local currencies
In the third quarter ended Aug. 31, Hennes & Mauritz (H&M) posted a 9 percent increase in net sales to a provisional SEK 55.585 billion (€5.470bn-$6.470bn). In local currencies, the rise reached 14 percent, lifted by more full-price sales. Covid-19-related lockdowns and restrictions continued to hamper development, particularly in Asia, ...
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News briefs
On Holding raises IPO price to $20-22
The parent company of On Running has informed the U.S. Securities & Exchange Commission that it has decided to raise the price of its initial public offering from a range of $18 to $20 to a range of $20 to $22. The company has also indicated that the full overallotment ...
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Article
Extended Covid restrictions in Vietnam are hitting companies hard
Footwear brands expected to suffer considerable damage from a decision by Vietnamese authorities to extend their strict Covid-19 restrictions in the Ho Chi Minh City region until the end of the month. They were originally scheduled to be lifted on Sept. 15, but the measures taken so far have prevented ...
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ArticleJD raises FY guidance after record-setting H1 profits
JD Sports Fashion reported a profit before exceptional items and taxes of 439.5 million pounds (€515.1m-$608.8m) for the first half ended July 31, up sharply from £61.9 million in the same period a year ago, as acquisitions, the U.S. government’s stimulus package and pent-up demand allowed it to rebound strongly ...
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News briefs
Astor Mueller’s founder dies at 85
The Swiss footwear company Astor Mueller, which holds the Bugatti and Daniel Hechter licenses for footwear, announced the passing of its founder Hans Müller. “With deep sadness, but at the same time with great gratitude for his work, Astor Mueller AG announces the death of company founder Hans Müller. He ...
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News briefs
Kennel & Schmenger’s former head passes away
Klaus Kennel, the long-time managing director of the Pirmasens shoe manufacturer Kennel & Schmenger, died after a long illness on Sept. 12 at the age of 83. In 1961, Kennel joined the company, which had been founded by his grandfather, Fritz Kennel, in 1918. He was on the management board ...
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News briefs
Sam Edelman debuts in kids’ footwear
The U.S. brand Sam Edelman, which is part of the Caleres group, debuted kids footwear with a collection designed exclusively in-house for the fall 2021 season. The designer Sam Edelman explained that “designing a kids collection in-house was a no-brainer. I saw a space in the market for amazing quality ...
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News briefs
Amazon hires 125,000 people in the U.S.
The US online retailer Amazon plans 125,000 local hires throughout the U.S., on top of the 40,000 corporate and technology jobs announced earlier this month. The roles in fulfillment and transportation offer an average starting wage of more than $18 per hour, reaching up to $22.50 per hour in some ...
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News briefs
Dune London technology and digital product director leaves
Cécile Delforge has left the U.K. retailer Dune London, where she was technology and digital product director, to join the tennis organization Wimbledon as head of system development and integration. “After just over six years at Dune London, it is time for me to say goodbye and open a new ...
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News briefs
Dr. Martens, Suicoke in new collaboration
The British brand Dr. Martens and the Japanese shoemaker Suicoke have reunited to create a new sandal called DM Mura, which incorporates the Lorsan outsole from Dr. Martens and the slip-on “Mura” silhouette from Suicoke. The shoes come in Black Smooth Leather or Black New Vibrance Croco, which includes crocodile ...
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News briefs
Holding Industriale buys the Italian leather goods firm Gab
Holding Industriale, an Italian investment firm which focuses on small and medium-sized companies, has bought a majority stake in the Florentine company Gab through its unit Holding Moda. No financial details were released regarding the transaction. Gab specializes in the production of bags and accessories for high-end Italian and French ...
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News briefs
Eurofins names new head for BLC Leather Technology Centre
The Luxembourg testing firm Eurofins appointed Andrew Hudson as managing director of its BLC Leather Technology Centre business unit located in the U.K.BLC provides testing, consulting and auditing services to the leather industry. Hudson joins BLC from the U.S. chemical group Buckman, where he was global market development manager for ...
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News briefs
JD adopts the OOOOO video commerce platform
JD Sports Fashion has started an exclusive partnership in the U.K. with OOOOO Entertainment Commerce to develop market-leading video commerce content on its young rapidly growing platform. OOOOO describes itself as a technology platform that enables retailers, brands and influencers to share product-based opinions directly to consumers through live, interactive, ...
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News briefs
Vans to stream its Musicians Wanted concert
Vans will be streaming a concert for the 2021 Vans Musicians Wanted competition, scheduled for Sept. 22. Musicians from the Americas, Europe and Asia-Pacific will be competing to win products from Vans and Kramer, contracts for global music distribution, and playlisting on Spotify and Apple Music.The finalists will be performing ...
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News briefs
Sans Matin launches in the U.S.
The British start-up Sans Matin is launching its line of ”ethically handmade” unisex trainers in the U.S. The brand was created by the cousins Charly and Lockie Cunningham while backpacking across South America in 2015. The company aims to launch at least one new shoe every month over the next ...
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News briefs
Hunter launches a new campaign
Hunter Boots launched a new campaign called ‘For The World Outside’ celebrating seven individuals with strong connections to nature while highlighting Hunter’s Original Tall and Short Wellington boot. It is the first campaign under the leadership of the CEO, Paolo Porta, who joined the company from Jimmy Choo. Porta replaced ...
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ArticlePrimark benefits from pent-up demand, sees inventories declining
Associated British Foods (ABF) expects the adjusted operating profit of its food business and Primark to exceed its expectation for the fourth quarter ending Sept. 18. “Primark’s operating profit margin in the period was strong despite lower than expected sales,” ABF said in a statement. Primark is expected to post ...
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News briefs
Global supply chain disruptions to continue in 2022
The American parcel delivery company UPS expects supply chain problems to continue in 2022 after this year’s disruptions caused by the Covid-19 pandemic, but does not expect the situation to cause further significant increases in transport costs. “The logistics industry does not see 2022 as having any less disruption in ...
