All Shoe Intelligence articles in Volume 23, Issue 48+49 – Page 2
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ArticleEmerging designer: Umòja starts delivering its plant-based sneaker
Umòja, a Franco-African startup, has began delivering its newly created plant-based sneaker. The company, which is based in Brest, France, is a hand-made sneaker brand that combines tradition, modernity, and innovation while valorizing West African textile craftsmanship. Founded in 2018, the company, whose name means “unity” and “creating a link” ...
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News briefs
Inspiramais to focus on sustainability
Inspiramais 2023_I, which will be held on Jan. 25-26 in Porto Alegre, Brazil, will focus on sustainability and innovation. The trade show aims to bring together solutions in design, innovation and sustainability for segments such as footwear and components, clothing, furniture and jewelry in the same environment. It will present ...
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ArticleShoe Carnival to resume increasing store network in 2022
With the release of its best quarterly results in its 43-year history, Shoe Carnival announced plans to accelerate the refurbishing of its stores and to resume increasing the network from 2022. Ultimately, the U.S. footwear retailer wants to become a “multibillion-dollar” corporation in “the years ahead.” In the current full ...
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News briefs
Paciotti names Diego Dolcini head of women’s footwear
Diego Dolcini was appointed rebranding and design director for women’s footwear at Paciotti, an Italian producer of luxury footwear. Dolcini has nearly three decades of experience in the luxury and fashion sector. According to his LinkedIn account he is creative director and owner of his namesake brand since 1994 and ...
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News briefs
Scarosso partners with Brian Atwood for high-heeled shoes
Scarosso, a footwear company owned by the Milan-based Level Group, has teamed with the American designer Brian Atwood to launch its first collection of high-heeled shoes. Last year, Scarosso and Atwood already collaborated on a capsule collection of velvet slippers for Breast Cancer Awareness Month. Scarosso produces about 90 percent ...
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News briefs
Gruppo Florence mulls acquisitions in footwear, leather goods
Gruppo Florence, an Italian holding company controlling various fashion brands, is considering acquistions, especially in footwear and leather goods, the CEO Attlia Kiss told Pambianconews. He said that after completing the creation of an apparel hub, which occurred last year, “in 2022 our project will be extended to leatherwear and ...
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ArticleFarfetch’s Q3, outlook disappoint
Farfetch posted results below expectations in the third quarter and cut its full-year guidance prompting its share price to fall by nearly 14 percent on the day. The British online fashion retailer posted a 28 percent year-on-year increase in gross merchandise value (GMV) to $1.017billion. GMV generated by the digital ...
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News briefs
Shoepassion sales above pre-Covid levels
The Berlin-based footwear company Shoepassion said that in the third quarter overall sales were above pre-Covid-19 levels for the first time since the outbreak of the pandemic last year thanks to its e-commerce business. It noted that online sales were growing at double-digit rates compared with 2019, with August up ...
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ArticleCaleres raises earnings outlook as Famous Footwear shows ‘exceptional upward momentum’
Caleres raised its earnings guidance for its full financial year, after reporting a record bottom line in the third quarter ended Oct. 30 as the Famous Footwear retail chain saw “continued, exceptional upward momentum” and recovery at the Brand Portfolio business progressed despite headwinds from higher freight costs. Caleres reported ...
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News briefs
Erem launches a new hiking boot
Erem, a Nevada-based company founded in 2021, has unveiled a new hiking boot that is ”high on performance and low on environmental impact.” The collection launches with the men’s and women’s Xerocole and Xerocole Expedition boots, named after animals that thrive in desert environments. The uppers of the Xerocole collection ...
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News briefs
OrthoLite launches new sustainable insole technologies
The U.S. brand OrthoLite is introducing two new sole technologies that elevate the total eco content of the insoles to 57 percent and 50 percent, respectively. The new soles, called HybridPlus-Bio and HybridPlus-Recycled, have been developed in the framework of Ortholite’s zero-waste initiative. While the “recycled” soles are made with ...
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News briefs
StockX acquires Scout
StockX is making its first acquisition, and the target company is Scout, which has developed a the cloud-based inventory-management software topShelf. Once the deal goes through and the integration is completed, StockX will be inviting certain subscribers to use Scout’s automation, inventory management, distribution and pricing tools free of charge. ...
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News briefs
Austria reintroduces a general lockdown from Nov. 22
The Austrian government announced a general lockdown starting Nov. 22 and lasting for three weeks, amid a resurgence of Covid-19 cases in the country and increasing pressure on intensive care units. It is the first European Union country to reimpose a lockdown. “Despite months of persuasion, we haven’t succeeded in ...
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ArticleAlibaba cuts 2022 guidance after Q2 earning, revenue miss
Alibaba cut its guidance for the full year after revenues and earnings in its second quarter ended Sept. 30 came in below expectations amid a slowdown in economic growth in China and an ongoing regulatory crackdown on tech companies in the country. Alibaba now expects revenues to grow between 20 ...
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News briefs
Nice Footwear share price up 60% in bourse debut
The share price of Nice Footwear rose by 60.0 percent to €16.00 on Nov.18, the first day of trading for the Italian footwear company on the Euronext Growth segment of the Milan stock exchange. The stock was sold at €10.00 in an initial public offering comprising only newly issued shares. ...
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News briefs
Prada sees sales rising to €4.5bn in the medium term
The Italian fashion house Prada expects to achieve revenues of about €4,500 million in the medium term with an Ebit margin of around 20 percent, while doubling online’s share of retail revenues to 15 percent of the total. In 2020, Prada posted overall revenues of €2,423 million and retail sales ...
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News briefs
Macy’s to launch a digital marketplace
The U.S. retailer Macy’s plans to launch in the second half of 2022 a digital marketplace to build on its digitally led omnichannel model. The company is partnering with Mirakl to power the platform. “The new marketplace will significantly expand the company’s assortment in existing categories and brands and introduce ...
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ArticleBrazilian exports surge in October
In the first 10 months of 2021, Brazilian footwear exports rose by 32.2 percent year-over-year in volume to 99.07 million pairs and by 30.7 percent in value to $712.4 million, according to data released by the trade association Abicalçados. When compared with the first 10 months of 2019, exports grew ...
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News briefs
Clarks Originals opens second store
Clarks Originals, a brand of the British shoemaker Clarks, has opened a store in the town of Street, England, in the building where the company was first founded in 1825. The other Clarks Originals store is on Berwick Street in London.
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ArticleEU proposes new rules to fight deforestation, promote circular economy
The European Commission has adopted three new initiatives proposing rules to curb deforestation, to facilitate intra-EU waste shipments to promote circular economy and tackle the export of waste to third countries. From 1990 to 2020 the world has lost 420 million hectares of forest, an area larger than the European ...
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