All Shoe Intelligence articles in Volume 24, Issue 13+14 – Page 4
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News briefs
StockX defends itself against Nike
While online resale platform StockX continues to claim that Nike has a fundamental misunderstanding of NFT, as it originally argued, the company defended its anti-counterfeiting measures in response to Nike’s amended complaint. In a June 6 filing, StockX said the platform has one of the strongest authentication processes in the ...
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News briefs
Rocky Brands to cut non-manufacturing headcount
Rocky Brands will close the Boston office it obtained with the acquisition of Honeywell International’s lifestyle footwear business as well as cut the non-manufacturing headcount related to the acquired brands by approximately 13 percent. The actions are expected to result in $3.0-$4.0 million in annualized savings for the company that ...
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ArticleScarpa FY sales €134m, up 22%
Scarpa, an Italian producer of outdoor footwear, posted sales of €134 million in 2021, up by 22 percent year-over-year, following a 4 percent increase in 2020, as more people took up walking during the Covid-19 pandemic. Last year, the company achieved 82 percent of its revenues outside Italy. Its main ...
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ArticleInditex posts highest gross margin in a decade
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho, posted a 36 percent increase in revenues to €6.74 billion in the first quarter ended April 30 thanks to a strong performance across all geographies with the exception of Ukraine, Russia and China. The ...
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