All Shoe Intelligence articles in Volume 24, Issue 3+4 – Page 5
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News briefs
Sorel offers three styles on Zappos Adaptive
Sorel is partnering with Zappos.com, a subsidiary of Amazon, to launch three styles on Zappos Adaptive, which offers products that combine fashion and function to meet the needs of people with disabilities. Sorel chose the styles Explorer II Joan Dual Zip, Emelie II Chelsea Heel Zip and Explorer Boot Dual ...
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News briefs
S&P has a negative credit outlook for Crocs
Having completed its review of Crocs following its $2.5 billion takeover of Hey Dude, Standard & Poor’s gave a negative outlook to the company, in contrast with the stable outlook assigned by Moody’s. S&P indicated that it might downgrade Crocs if it fails to integrate the casual footwear brand as ...
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ArticleJD raises its profit forecast again
JD Sports Fashion expects that its pre-tax profit for the financial year ending Jan. 29 year will reach a level of at least £875 million (€1,050m-$1,197m), well ahead of the analysts’ consensus averaging £810 million, as its sales went up by more than 10 percent on a same-store basis in ...
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News briefs
Next cuts sick pay for unvaccinated staff isolating after Covid contact
The British fashion retailer Next is cutting sick pay for unvaccinated staff who must self-isolate due to exposure to Covid-19. The move means that unvaccinated workers required to isolate after being identified as a close contact of someone with Covid could receive as little as the UK’s statutory sick pay ...
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News briefs
StockX is reportedly working on its IPO
StockX, the fast-growing auction platform for heritage sneakers and other collectibles, has started working on a public offering with Morgan Stanley and Goldman Sachs, said Bloomberg, quoting “people with knowledge of the matter.” The report, which could not be confirmed, comes a couple of months after StockX announced its first ...
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News briefs
Rodolfo Zengarini obtains Bikkembergs license
Rodolfo Zengarini has obtained a five-year license to produce footwear under the Bikkembergs brand, starting with the 2023 spring/summer collection. The companies have however already started a partial collaboration on the forthcoming autumn/winter collection. The license was previously held by Hong Kong-based Global Brands Group (GBG) that went bankrupt last ...
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ArticleAsos’ Christmas season revenues disappoint
Asos reported weaker-than-expected sales over the Christmas period due to “challenging” market conditions. Nevertheless, it announced plans to transfer to the London Stock Exchange’s main list by the end of February to be more appealing to large investors. in the four months to Dec. 31, total revenues for the British ...
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News briefs
Premiata launches a ready-to-wear collection
Premiata launched its first ready-to-wear collection at the 101st edition of Pitti Immagine Uomo, held in Florence from Jan. 11 to 14, as part of its product diversification. The Italian footwear company known for its sneakers launched a collection of backpacks early last year. The cloths are genderless and manufactured ...
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News briefs
Sergio Rossi appoints Evangelie Smyrniotaki as artistic director
The Italian shoe maker Sergio Rossi has appointed Evangelie Smyrniotaki, the founder in 2011 of the fashion blog Style Heroine, as its new artistic director. Smyrniotaki has frequently collaborated with high-end fashion brands such as Chanel, Prada and Versace. She will manage the brand’s image, including the supervision of the ...
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News briefs
Piquadro starts footwear collaboration with ACBC
The Italian leather goods company Piquadro presented its first collection of unisex sneakers called Corner20 at the Pitti Immagine Uomo trade show held in Florence from Jan. 11 to 14. The shoes were produced in collaboration with ACBC and are matched with a selection of backpacks. ACBC is an Italian ...
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News briefs
Caleres hikes its full-year guidance
Caleres raised its earnings per share outlook for the fiscal year ending Jan. 29. The U.S. footwear company now anticipates reported earnings of $3.29-3.39 per share. Adjusted earnings per share is seen reaching a record $4.00-4.10.
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