All Shoe Intelligence articles in Volume 24, Issue 19+20 – Page 2
-
ArticleTod’s’ minority shareholder buyout to start on Sept. 26
DeVa Finance, which is controlled by DI.VI. Finanziaria di Diego Della Valle & C, announced that its offer to buy out Tod’s’ minority shareholders will run from Sept. 26 to Oct. 25. The company is offering €40 per share and is seeking to buy a 25.55 percent stake in the ...
-
News briefs
U.K. consumer confidence at record low - GfK
In September, consumer confidence in the U.K. fell to -49, the worst overall index score since records began in 1974, and down from -44 in August and -13 a year ago, according to the latest survey released by market research firm GfK. The component on personal finances in the coming ...
-
News briefs
FedEx to hike rates from Jan. 2
FedEx said its FedEx Express, FedEx Ground and FedEx Home Delivery will increase rates by an average of 6.9 percent effective January 2, 2023 as the the U.S. courier service tries to align costs with demand. Meanwhile, FedEx Freight rates will increase by an average of 6.9 percent to 7.9 ...
-
News briefs
Turkish lira falls to record low against the dollar
The Turkish lira fell to a record low against the U.S. dollar after the Turkish central bank cut its policy rate, the one-week repo auction rate, to 12 percent from a previous 13 percent, as it pointed to a global economic slowdown and the increased risk of recession. The currency ...
-
ArticleSecondhand online marketplaces on the rise
Cross-border marketplaces are developing fast, and the C2C trend is one of the drivers.
-
News briefs
Alibaba’s Tmall Luxury Pavilion enhances metaverse experience
Tmall Luxury Pavilion, the Alibaba luxury shopping platform, introduced a so-called Meta Pass and hosted an augmented reality fashion show in Shanghai. As Alibaba reported, Luxury executives tried on AR glasses, held a virtual item (such as a digital luxury bag), and placed it in a gift box. When they ...
-
ArticleItaly faces a huge population decline
Italy is facing a huge decline in population as well as significant demographic changes that are likely to prompt further labor shortage and modify consumption patterns. Italy’s population is expected to drop from an estimated 59.2 million on Jan. 1, 2021, to 57.9 million in 2030, 54.2 million in 2050 ...
-
News briefs
The Russian fashion market has nearly halved
Between February and August of 2022, the sales of shoes, clothes and accessories in Russia plummeted by 40.5 percent against the same period of the previous year, according to Anush Gasparyan, spokesperson for the Moscow-based think tank Fashion Consulting Group. As many as 23 percent of the Russian customers surveyed ...
-
ArticleGörtz and Surf4Shoes file for bankruptcy amid uncertainty, soaring inflation
Görtz and Surf4Shoes are among the latest companies caught in a wave of bankruptcies that appears to be gathering pace in Germany. Heightened consumer uncertainty, sky-rocketing inflation and rising energy prices are seen as the main destabilizing factors, as the war in Ukraine rages and the European Union’s sanctions against ...
-
ArticleHotter Shoes lifts sales but notes pressure on consumer spending
Hotter Shoes’ owner, Unbound Group, reported higher half-year sales and margins driven by strong demand, despite the tougher economic outlook. Unbound, formerly known as Electra Private Equity, said revenues rose to £27.6 million (€31.60m) from £25.0 million, driven by its multi-channel sales model. It posted a pre-tax loss of £2.14 ...
-
News briefs
More than half of German clothing retailers hit by supply issues
Overall German retailers are “very concerned” about the replenishing of their inventories and the situation could continue into the Christmas season, according to a survey carried out by the ifo Institute. In August, on average 77.5 percent of retailers complained about supply problems, up from 77.3 percent in July. Retailers ...
-
News briefs
World faces a winter of discontent - UN
The secretary general of the United Nations, António Guterres, warned that the world will face a difficult winter due to the effects of the multiple ongoing crises including the war in Ukraine, increasing poverty and inequality, and the impact of global warming. “These crises threaten the very future of humanity ...
-
News briefs
Norway wealth fund asks invested firms for net zero by 2050
Norges Bank Investment Management, Norway’s sovereign wealth fund, will ask the over 9,000 companies in its investment portfolio to reach net zero emissions by 2050. ”We set a target of net zero emissions by 2050 at the latest for all companies,” said Carine Smith Ihenacho, chief governance and compliance officer ...
-
ArticleEU expects to strike a trade deal with Indonesia in 2024
The European Union expects to be able to reach a free trade agreement with Indonesia within two years, despite a trade dispute regarding palm oil and nickel, according the European Commission’s Executive Vice President and Commissioner for Trade, Valdis Dombrovskis. Dombrovskis believes it is possible to reach a comprehensive economic ...
-
News briefs
German producer prices at record highs
In August, German producer prices for the domestic market rose by 7.9 percent month-on-month and grew by 45.8 percent year-on-year, according to the statistics office Destatis. The monthly and annual readings are the highest on record. Annual producer price growth reached 37.2 percent in July and 32.7 percent in June. ...
-
News briefs
Mike Ashley to quit Frasers Group’s board
Mike Ashley, the founder of Frasers Group, will not be standing for re-election as a director at the forthcoming annual general meeting (AGM) of the British retailer. He will therefore step down from the board upon the conclusion of the AGM on Oct. 19. Ashley will continue to be available ...
-
News briefs
On unveils first shoe made from carbon emissions
In partnership with LanzaTech, Borealis and Technip Energies, Swiss sports brand On is launching a shoe called Cloudprime. Described by the company as “the first-ever shoe made from carbon emissions,” the Cloudprime is made of CleanCloud ethylene vinyl acetate (EVA) foam, which uses industrially emitted carbon as a raw material. ...
-
ArticleA report confirms the shift out of China into Vietnam
A report available on ResearchAndMarkets.com indicates that Nike and Adidas are leading a move out of China into Vietnam for the manufacturing of shoes, confirming a trend that has been observed in data and analyses that Shoe Intelligence has collected over the past years. The document called “Research Report on ...
-
ArticleHalf of Italian footwear companies' revenues still below pre-Covid levels
After a year-on-year increase of slightly more than 16 percent in the second quarter of 2022, revenues of Italian footwear manufacturers grew by 14.5 percent in the first half of the year, beating expectations. However, growth remains uneven, benefitting mainly to established brands while small producers, which are the backbone ...
-
ArticleNice Footwear’s sales and profits rise sharply
Nice Footwear posted strong top line and bottom line growth in the full year ended on April 30, 2022, despite a rise in costs. Revenues grew by 51 percent to €32.8 million, with €17.1 million of sales achieved in Italy and €15.7 million abroad. The top line of Italian footwear ...
- Previous Page
- Page1
- Page2
- Page3
- Page4
- Next Page
