All Shoe Intelligence articles in Volume 24, Issue 3+4 – Page 2
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ArticleHow supply disruption, inflation impact Valleverde’s international expansion
Valleverde, the Italian brand of comfort shoes, was a household name in its home country, underpinned by a vast network of directly-operated and franchised mono-brand stores and high-profile advertising campaigns featuring domestic and international celebrities such as the winners of the Miss Italia beauty contest and the Hollywood star Kevin ...
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News briefs
Genesco picks Syndic8 for data content delivery
Genesco has stepped up its e-commerce expansion with a new partnership. The Nashville-based footwear and accessories specialty retailer signed a deal with Syndic8 to use its product content management platform, the provider of cloud-based and collaborative, digital product distribution solutions. Syndic8 claims that its platform will enable Genesco’s sales ...
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News briefsU.S. fiber company Circular Systems joins C.L.A.S.S. material hub
California-based company Circular Systems is a new C.L.A.S.S. material hub partner, promoting its circular, regenerative solutions for transforming waste into net positive fibers, yarns and fabrics through the platform based in Milan, Italy. In its own words, C.L.A.S.S. identifies fibers, yarns, fabrics that embody creativity, innovation and sustainability at the ...
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News briefs
Unbound starts trading on AIM and renews its management
Unbound Group, the owner of the British footwear retailer Hotter Shoes, started trading on the AIM segment of the London Stock Exchange on Feb. 1. The company, which was previously called Electra Private Equity, previously announced that it was moving from the stock exchange’s main market to the AIM as ...
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News briefs
India to introduce a digital rupee by March 2023
The Indian government plans to launch a digital rupee based on blockchain technology by March 2023. “Introduction of central bank digital currency will give a big boost to (the) digital economy. Digital currency will also lead to a more efficient and cheaper currency management system,” the finance minister, Nirmala Sitharaman, ...
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ArticleBrazilian exports rise 32% in volume in 2021
In 2021, Brazilian footwear exports rose by 32.0 percent year-over-year in volume to 123.6 million pairs and by 36.8 percent in value to $900.3 million, according to data released by the trade association Abicalçados. When compared with 2019, exports grew by 7.3 percent in volume but fell by 7.4 percent ...
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News briefs
Brazilian brands generate $7.5m in sales at Expo Riva Schuh
The 26 Brazilian footwear brands that attended Expo Riva Schuh are expected to generate more than $7.5 million in revenues, through the sale of 670,000 pairs, thanks to their participation to the Italian trade fair held between Jan. 15 and 18, in Riva del Garda, according to the trade association ...
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News briefs
BASF to boost HMD, polyamide 6.6 production
BASF has decided to build a new hexamethylene diamine (HMD) plant in Chalampé, France. Production is expected to start in 2024 and will increase the German group’s annual capacity to 260,000 metric tons. Furthermore, BASF will bolster its polyamide 6.6 production in Freiburg, Germany, starting 2022. The planned investments will ...
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News briefs
EU probes Pierre Cardin, Ahlers for alleged breach of competition rules
The European Commission has launched a formal antitrust investigation to assess whether Pierre Cardin and Ahlers have breached European Union competition rules by restricting cross-border and online sales of Pierre Cardin-licensed products. The French fashion house licenses its trademark for the manufacture and distribution of products. The German clothing manufacturer ...
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News briefs
Material shortages ease for German manufacturers
The shortage of materials in German manufacturing eased in January, with 67.3 percent of companies reporting bottlenecks and problems procuring intermediate products and raw materials, according the Ifo research institute. In December, the figure was 81.9 percent. “Despite this development, companies still have much to worry about,” said Klaus Wohlrabe, ...
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News briefs
Global sports shoe market to grow strongly this decade
Global sales of athletic footwear are expected to grow strongly this decade according to two separate reports. The surveys have different estimates but both highlight the robust upward trend of the industry. The market is expected to reach $165 billion in 2030, representing a 50.4 percent increase from the $109.7 ...
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News briefs
Pikolinos CEO leaves
Pikolinos’ CEO, Manel Jadraque, is leaving the Spanish footwear company as the founding family takes over full control. The company explained that the three children of the founder Juan Perán Ramos, who have been with the company for more than a decade, are taking on all executive powers in ...
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News briefs
US footwear sales exceed $100bn in 2021
Footwear sales in the U.S. rose by 29.8 percent in 2021 to a record $100.7 billion, according to the trade association Footwear Distributers and Retailers of America (FDRA), which claims to represent 95 percent of all U.S. shoe companies. It noted that the record was helped by a 20.5 percent ...
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News briefs
Legero and Gore-Tex expand collaboration with new product display
The Austrian-based footwear group Legero United and the fabric manufacturer Gore-Tex have decided to expand their long-standing collaboration. The two companies announced an innovative, interactive installation display for the Humanic store on Graz’s Herrengasse. Their joint shoe models will be displayed alongside projected moving images of natural landscapes ...
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News briefs
Bisgaard to launch a women’s collection in Germany
Bisgaard is launching a women’s collection in Germany, collaborating with Düsseldorf-based agency Muth. The Danish brand already sells children’s shoes in about 700 doors in Germany. Under the partnership deal, Muth will manage the distribution of Bisgaard’s women’s collection in the new market starting from the next autumn/winter season. The ...
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News briefs
LVMH fashion and leather goods business posts strong Q4
LVMH saw organic sales of its fashion and leatherwoods division rise by 51 percent in the fourth quarter of 2021 compared to the same quarter of 2019, as the French luxury goods conglomerate expressed confidence in “its ability to maintain its current growth momentum.” For the full year, reported revenues ...
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ArticleNice Footwear posts positive results despite headwinds
Nice Footwear announced ”substantially positive” first-half results despite the negative impact of the Covid-19 pandemic and the rising of shipping costs and duties. In the six month ended Oct. 30, 2021, the Italian footwear group reported €14.8 million in total revenues, of which €7.37 million generated in Italy and €7.49 ...
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ArticleExpo Riva Schuh parent invests €25m to upgrade its exhibition center
Riva del Garda Fierecongressi is investing €25 million to upgrade the exhibition center where is organized twice a year Expo Riva Schuh & Gardabags, the footwear and accessories exhibition held in Riva del Garda, Italy. The company has already spent €9 million to buy hall D of the exhibition complex. ...
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ArticleANWR posted a decline in footwear sales in 2021
A diversification across many activities, industries and regions helped the ANWR Group weather the pandemic and offset a decline in the footwear business. In 2021, the group increased its revenues by 11 percent to €19.8 billion, thanks to the contribution of its financial services businesses DZB Bank and Aktivbank. In ...
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ArticleFerragamo Q4 sales up by nearly 21%
Salvatore Ferragamo reported preliminary results that showed that fourth-quarter sales increased by 20.8 percent year-over-year to €350.2 million, thanks to a strong contribution from North America and its digital channel. At constant currency rates, revenues were up by 23.5 percent. Analysts at the broker Websim said the Italian fashion house’s ...
