All Shoe Intelligence articles in Volume 24, Issue 15+16 – Page 4
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News briefs
Fly Flot’s daily production reaches 18,000 pairs
Fly Flot, a company based in Calvisano, in the Northern Italian province of Brescia, has reached a daily production of 18,000 pairs, beating its target of 15,000 pairs set for 2022. “Our production has increased to 18,000 pairs per day in a few months thanks to the summer and winter ...
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ArticleAlibaba sheds light on B2B e-commerce trends and needs
The Covid-19 pandemic has accelerated the uptake of e-commerce for business-to-business transactions and the majority of companies have shifted their go-to market model from traditional to digital. The shift has fostered new needs both for sellers and buyers which must be taken into account. This was the takeaway from a ...
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ArticlePakistan is benefiting from a shift out of China
In an interview with Shoe Intelligence, Ahmed Fawad Farooq, secretary general of the Pakistan Footwear Manufacturers Association (PEMA), has outlined how Pakistan is benefiting from a transfer of production out of China and is seeking to beef up its footwear industry to meet growing demand. Many industry experts have indicated ...
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News briefsFarfetch posted a strong increase in sales of sustainable products in 2021
Farfetch experienced 92 percent growth year-over-year in gross merchandise value (GMV) for “conscious products” in 2021, with 7.4 percent of GMV being “conscious,” according to the 2021 ESG Report of the British online fashion retailer. It noted that there was an 84 percent increase of conscious products available on its ...
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News briefs
Red Wing launches online purchase of PPE
Red Wing Shoe Company has said that its unit Red Wing for Business has launched a service to order personal protective equipment (PPE) online. Clients can now purchase PPE at over 1,200 Red Wing retailers, over 170 mobile stores and online, according to the company. Established in 1905 in Red ...
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News briefs
Tallinna Kaubamaja Grupp completes the restructuring of its footwear business
The Estonian group Tallinna Kaubamaja Grupp said that it is completing the restructuring of its footwear business. After closing the ABC King and SHU physical retail networks during 2022, the group’s wholly owned subsidiary TKM King will merge its remaining footwear wholesale business with Selver, which is also fully controlled ...
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News briefs
Argentina sees 2022 footwear output around 125 million pairs
On the basis of orders already received, Argentina expects 2022 footwear production to return to 2015 levels of 125 million pairs, according to the Minister of Productive Development, Daniel Scioli. Last year, Argentine footwear production totalled 107 million pairs.
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News briefs
Lululemon enters Spanish market
Lululemon Athletica Inc. has announced its expansion into the Spanish market. Spain is the brand’s first new market in Europe since 2019. A dedicated Spanish-language e-commerce platform will go live at the end of July. In addition, two new brand stores will open in September on Calle Serrano in the ...
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News briefs
Veja opens first Berlin store
The French sneaker brand Veja has opened its first store in the German capital. The 100 square meter shop is located in the central and historic district of Berlin Mitte. In addition to the men, women, and kids’ collections, an in-store cobbler will offer to repair and clean footwear produced ...
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News briefs
Decathlon and Intersport install recycling bins
Decathlon and Intersport are setting up bins in their stores in which customers can deposit used sporting goods, textiles excluded, for recycling or other secondary use, according to the French financial paper Les Echos. Both retailers have joined the network of a non-profit organization called Ecologic, and their full system ...
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News briefs
Calzados Bestard H1 sales up 2.5%
Calzados Bestard generated revenues of €3 million in the first half of 2022, for a year-on-year gain of 2.5 percent. With its €7 million in sales, however, last year was exceptional – the best ever for the Spanish producer of mountaineering, hiking and trekking boots. Sales this year have improved ...
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News briefs
JD Sports names a new chairman
JD Sports Fashion has named Andrew Higginson as chairman of the British sports, outdoor brands and fashion retailer, effective on July 11. Higginson has over 28 years of continuous non-executive director experience on the boards of public limited companies, including senior leadership roles over nearly 15 years at the U.K. ...
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News briefs
GM Leather plans to be listed in Milan
GM Leather, an Italian leather manufacturer, has presented a request to list its shares and warrants on the Euronext Growth Milan segment of the Milan stock exchange. Controlled by the Marcigaglia family, the company makes leather products for furniture, leather goods and fashion and automotive sectors. In 2021, GM Leather ...
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ArticleCoats takes over Texon as it expands into footwear
The British industrial thread manufacturer Coats is significantly increasing its presence in the footwear industry with the acquistion of Texon, a U.S. footwear solutions provider. Coats is buying Texon at an enterprise value of $237 million and a total net cash consideration of $211 million. The acquisition is based on ...
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