All Shoe Intelligence articles in Volume 23, Issue 38+39 – Page 3
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News briefs
Kick Game raises £3.5m in new funding round
The British retailer of luxury sneakers Kick Game has obtained £3.5 million (€4.1m-$4.8m) in funds from the investment company VGC Partner, which had already made an initial investment of £2.5 million in May 2020. The funds will be used to boost the company’s online business and expand the store network ...
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Article
Next to sell the Gap brand in the U.K., Ireland
The British apparel retailer Next has reached an agreement under which it will sell the Gap brand in the U.K. and Ireland after the U.S. brand decided to close its own stores in those markets. The two groups have created a joint venture to operate Gap’s e-commerce business across Next’s ...
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News briefs
Spanish government and unions agree on minimum wage hike
The Spanish government and trade unions have reached an agreement on a slight increase in the minimum monthly salary, which will increase by 15 euros a month to a gross 1,125 euros a month over a 12-month period. The increase is retroactive, going into effect as of Sept. 1, 2021. ...
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News briefs
ASF 4.0 shoe factory starts production in France
One year after laying the foundation stone and despite the pandemic, the Advanced Shoe Factory 4.0 (ASF 4.0) in Ardoix, in the heart of the Auvergne-Rhône-Alpes region of France, started up its automated production facility for sports footwear on Sept. 16. ASF 4.0 is a subsidiary of textile specialist Chamatex ...
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News briefs
Adidas sneaker ties in with the newest Bond film
Adidas will be introducing four Ultraboost sneakers for its 007 collection for the debut of the new James Bond movie, No Time to Die, which will have its global premiere in the U.K. on Sept. 30. To promote them, the German sportswear giant is organizing an augmented reality contest featuring ...
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ArticleBrazilian exports return to pre-Covid levels in volume
In the first eight months of 2021, Brazilian footwear exports rose by 33.4 percent year-over-year in volume to 75.2 million pairs and by 23.9 percent in value to $541.34 million, according to data released by the trade association Abicalçados. When compared with the first eight months of 2019, exports fell ...
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News briefs
Some footwear factories closed in Putian due to Covid-19
Some shoe factories have been temporarily closed in China’s footwear cluster of Putian, in the Fujian province, because of an outbreak of Covid-19, according to Footwearbiz.com. According to Business of Fashion, some of Putian’s cases could be traced back to employees of a shoe factory, of which there are believed ...
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News briefs
Wildberries workers hold a go-slow
Some members of the staff of the Russian online retailer Wildberries have announced a go-slow against wage cuts. In a petition which reached nearly 2,500 signatories, the employees announced the start of the protest in several Russian regions. In a statement, the workers said that they work the minimum required ...
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News briefs
Asos aims to be fully carbon neutral by 2030
The British online fashion retailer Asos aims to be carbon neutral in its direct operations by 2025 and achieve “net zero” across its value chain by 2030. The company also plans to shift towards more circular systems, ensuring 100 percent of own-brand products and packaging are made from more sustainable ...
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ArticleCrocs wants to triple sales in five years
Crocs said it is targeting an operating margin of at least 26 percent on annual sales of $5 billion by 2026, with 50 percent of the turnover or more due to be generated through digital channels. This would compare with an adjusted operating margin of 18.9 percent in 2020 on ...
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News briefs
On runs to New York Stock Exchange to go public
A hundred runners, along with the founders of On, David Allemann, Caspar Coppetti and Oliver Bernhard, and co-CEOs Martin Hoffmann and Marc Maurer ran alongside the Hudson River and over to Wall Street on the morning of Sept. 15 to ring the opening bell on the New York Stock Exchange. ...
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News briefs
Courir buys Naked Copenhagen
Courir, the international French-based athletic footwear chain sold by Groupe Go Sport to Equistone Partners Europe at the end of 2018, is taking over Naked Copenhagen, an international online and offline retailer specializing in top-tier releases of sneakers and streetwear for young women. The price of the transaction has not ...
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