All Shoe Intelligence articles in Volume 23, Issue 50+51 – Page 2
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News briefs
Centric Software takes over Armonica Retail
Silicon Valley-based Centric Software, which provides product lifecycle management solutions to various sectors, including footwear, fashion and luxury, has acquired the retail planning solution provider, Armonica Retail. No financial details were released. Armonica Retail was founded in 2018 in Milan by Simone Pozzi and Riccardo Pron. Centric Software is majority-owned ...
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News briefs
Metro Brands IPO to run Dec 10-14
The Italian footwear retailer Metro Brands is scheduled to hold an initial public offering open to subscription from Dec. 10 to 14. The transaction will comprise 2.5 billion rupees (€29.4m-$33.2m) worth of new shares and 21.9 million rupees (€2.6m-$2.9m) of existing equity sold by shareholders. The company will use the ...
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ArticleGenesco sees supply chain problems lasting most of next year
Genesco’s operating margins have been hit by higher freight costs and it believes that supply chain disruptions will probably continue for most of next year. The strain on deliveries has helped reduce promotional activity but has also led to a depletion in inventories. During a conference call on the company’s ...
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ArticleShoe Carnival buys Shoe Station
Shoe Carnival is buying substantially all of the assets of family-owned Shoe Station, a footwear retailer which operates stores in five Southeastern U.S. states. The assets are being acquired for $67 million and funded through cash on hand. Mark Worden, Shoe Carnival’s president and CEO said that the deal accelerates ...
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News briefs
Skechers launches Our Planet Matters collection
Skechers announced the release of a new collection of durable men’s, women’s and children’s sneakers using recycled materials and washable technologies, called Our Planet Matters. The recycled materials will be listed on hangtags and the packaging. It also announced a multi-year partnership with The Nature Conservancy, starting with a minimum ...
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News briefs
eBay buys the sneaker-authentication business of Sneaker Con Digital
eBay bought the sneaker-authentication business of Sneaker Con Digital, which operates in the U.S., the U.K., Canada, Australia and Germany. Terms of the deal, which was closed on Nov. 24, were not disclosed. The companies have been collaborating since October 2020, with Sneaker Con providing a panel of experts ...
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ArticleSnipes buys the U.S. chain Jimmy Jazz
Snipes, the sneaker retail chain owned by the Deichmann Group, has agreed to acquire Jimmy Jazz, an American chain of sneaker stores with a hip-hop vibe and headquarters in Secaucus, New Jersey. The deal was signed on Dec. 1 and should close before the year is out. Terms remain undisclosed. ...
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News briefs
Ecco picks Stratasys 3D printers for molds, shoe lasts
The Danish shoemaker Ecco has opted for Stratasys’s Origin One 3D printing technology to accelerate product development in its facilities in Portugal and Denmark. The printers are employed to produce molds and shoe lasts using a photopolymer from Henkel Loctite. “In our search to find the right partner, we tested ...
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News briefs
L.K. Bennett joins forces with Mode for new payment system
L.K. Bennett has entered a partnership with the fintech group Mode to offer customers of the U.K.-based fashion retailer a simpler way of paying for purchases. Mode’s app enables an instant and cardless payment through a QR code or a click of a button, with real-time authorization through biometric security ...
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ArticleAllbirds' Q3 sales rise 33% but loss nearly doubles
Reporting its first quarterly results as a public company, Allbirds said its revenues grew by 33 percent to $62.7 million in the three months ended Sept. 30, as compared to the same period a year ago, driven by a 42 percent increase in the U.S. to $47.7 million. Sales in ...
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ArticleKhadim India sees business returning to pre-Covid levels
Khadim India, a Kolkata-based manufacturer and retailer of footwear products and accessories, primarily in eastern and southern parts of India, expects its business to return to pre-Covid levels in the second half of its fiscal year ending on March 31, 2022. The top line recovery is underpinned by increased ...
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ArticleC-Suite interview: U-Power bides its times for an IPO as it continues to grow
In July 2021, U-Power pulled the plug on an initial public offering (IPO) because the Italian group, which specializes in safety footwear and workwear, was unsatisfied with market evaluations. The company is waiting for better market conditions to go public while it continues to expand in Europe. Fin Reporter, the ...
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ArticleClarks 2-month strike over
The troubled British footwear company Clarks has reached an agreement with about 100 workers to end a two-month strike at its distribution centre in Somerset. The deal with the Community trade union, which follows mediation with the U.K.’s Advisory, Conciliation and Arbitration Service (Acas), is understood to protect hourly pay ...
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