All Shoe Intelligence articles in Volume 23, Issue 48+49
View all stories from this issue.
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News briefs
Global vegan footwear market forecast to reach $300bn in 2030
The vegan footwear market is expected to reach $300.19 billion by 2030 from $156.89 billion in 2020, representing a compound annual growth rate (CAGR) of 6.8 percent, according to a report published by Allied Market Research. North America contributed the highest share in terms of revenue in 2020, holding more ...
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PDF NewsletterShoe Intelligence Newsletter: Vol 23 - 48+49
Footwear volumes, prices expected to rise | CCC Group plans to triple sales | Umòja starts delivering | Shoe Carnival to increase network in 2022 | Caleres raises earnings outlook | ABG brings in two new investors | Brazilian exports surge in October | Farfetch’s Q3, outlook disappoint | Alibaba cuts 2022 guidance | Firms must be sincere about sustainability | EU proposes deforestation rules
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News briefs
India hikes consumer tax on shoes
India’s Central Board of Indirect Taxes and Customs notified that the goods and services tax (GST) on products such as footwear, apparel and textile will increase to 12 percent from 5 percent from Jan. 1.
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News briefs
Inditex reshuffles its top management
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Uterqüe, has appointed Oscar Garcia Maceiras as chief executive, effective immediately. Maceiras joined Inditex of March this year, and has served as general counsel and secretary of the board. He is replacing Carlos Crespo, ...
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News briefs
Skechers renews eyewear license with Marcolin
Skechers renewed its license agreement with the Italian eyewear manufacturer Marcolin for the design, production and worldwide distribution of sunglasses, optical frames and kids’ eyewear under the name of the American footwear brand. The partnership was extended to Dec. 31, 2024. Corrective eyewear sold under the Skechers brand is available ...
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News briefs
s.Oliver opens a flagship store in Moscow
s.Oliver, the footwear brand part of the portfolio of the German footwear firm Wortmann, has opened a flagship store in Moscow. It is the brand’s 11th store in Russia and the first in the country’s capital. “We had to wait a long time before we were able to open a ...
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ArticleCompanies must be sincere in promoting sustainability or risk a backlash
With consumers demanding more sustainable and equitable products and being increasingly aware of corporate greenwashing, footwear brands must be authentic in marketing sustainable goods. Otherwise their communication strategy may backfire, trend forecasting company WGSN warned during a couple of webinars organized by the Italian trade fair Expo Riva Schuh. Greenwashing ...
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News briefs
Belarus may face a shoe shortage
Nike, Lamoda, Sportmaster and Detsky Mir have notified the Belarusian government about a possible suspension of shoe exports to the country due to problems with a local labelling system that was introduced on Nov. 1. The companies complained, in particular, about issues arising from the Belarusian monitoring system, which generates ...
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ArticleCCC Group plans to triple sales by 2025
The Polish footwear and apparel retailer CCC Group plans to triple revenues to over 20 billion zloty (€4.2bn-$4.8bn) in 2025 largely thanks to the development of its online business and of its newly launched off-price banner HalfPrice, as well as an increased presence in apparel and accessories. The share of ...
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News briefs
New Russian Covid restrictions hit retailers
Most Russian regions have made it mandatory to present Covid-19 vaccination passes using QR codes to enter shopping centers and non-food retailers. So far, less than 35 percent of the Russian population has been vaccinated and the measure has drastically limited access to stores for a large swath of the ...
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News briefs
Caprice to source shoes from Sri Lanka
Caprice, a brand of the German footwear group Wortmann, will start sourcing shoes in Sri Lanka in order to diversify its production in South Asia. The company already imports shoes from Pakistan, Bangladesh and Myanmar. From April 2022, a factory in Sri Lanka’s capital Colombo will start manufacturing leather shoes ...
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News briefs
Rudholm Group acquires Euro Brand Management for sustainable packaging
The Rudholm Group (RH), a Swedish-based supplier of garment accessories, packaging and logistical services for apparel producers, has taken over Euro Brand Management (EBM), a Munich-based company specializing in sustainable packaging and supply chain management solutions in all the segments of the footwear market. Founded in 1951 by the eponymous ...
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News briefs
Nike settles with Skechers
Nike and Skechers have reached a settlement at undisclosed conditions of their long-standing legal battle, putting an end to three intellectual property lawsuits after the mediation of a judge for the Central District of California. The dispute started in January 2016, when Nike accused Skechers of using design elements of ...
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News briefs
New top manager and new ambitions for Footway
Indicating that it may develop into a marketplace for other retailers, the Swedish-based Footway Group announced the recruitment of a top manager from the H&M Group, Daniel Claesson, to serve as chief commercial officer, starting next Jan. 1. He acted most recently as chief product office at the H&M Group, ...
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News briefs
New Covid-19 variant detected in Belgium
The new variant of the Covid-19 virus has been identified in Belgium, according the health minister Frank Vandenbroucke. The variant, which was first detected in South Africa, had not yet been found in Europe. “We have a case, which has now been confirmed, of this variant. It’s someone who came ...
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ArticleFootwear sales volumes, prices expected to rise in the coming months
The volume of footwear and the prices of shoes are expected to increase over the next six months, according to a survey of experts published in the latest Business Condition Survey of World Footwear done in collaboration with Shoe Intelligence. Despite the improvement in the outlook, the panel expects that ...
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News briefs
Farfetch to create global e-commerce fulfilment solution for luxury brands
Farfetch, the British fashion retailer, and Clipper Logistics, a provider of e-fulfilment and returns management services, have agreed to establish a joint venture offering global e-commerce fulfilment solution for luxury brands. Farfetch and Clipper will each own 50 percent in the company. The joint venture will create a logistics offering ...
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News briefs
French lower house clears counterfeiting bill
The French lower house of parliament approved on Nov. 25 a bill proposing to harshen legislation against counterfeiting. The bill was presented by two members of the house of deputies, Pierre-Yves Bournazel and Christophe Blanchet, who are part of the government coalition. However, the outcome of the bill remains uncertain ...
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News briefs
Germany does not rule out a new lockdown
The German government cannot rule out any measure, including a lockdown, to stem the diffusion of the Covid-19 pandemic as the number of cases increase nationwide, the health minister, Jens Spahn, told the radio broadcaster Dlf. “In some states the situation is really dramatic,” he said. “We cannot rule out ...
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ArticleShelving IPO plans, ABG brings in two new investors
Placing on hold its plans to go public, as previously announced in July, the Authentic Brands Group (ABG) has decided to stay private. Instead of going for an IPO at this stage, some existing shareholders will sell significant stakes in ABG to funds advised by the private equity company CVC ...
