All Shoe Intelligence articles in Volume 24, Issue 5+6
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PDF NewsletterShoe Intelligence Newsletter: Vol 24 - 5+6
Italian footwear industry revenues more than expected | Micam to host 821 brands | Global footwear market seen at $440bn in 2026 | Geox starts 2022 strongly | ANWR Schuh digital strategy in higher gear | Gabor 2021 sales drop 13.6% | Maypol recovers after being hit by Covid-19 | Wolverine posts better-than-expected Q4 | Crocs targets $6 bn in sales in 2026 | Grendene’s export business shines | OrthoLite launches a recyclable midsole foam | Portugal adopts stricter rules for leather substitutes | Vito Artioli passes away
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News briefsAku adopts carbon footprint systemic approach
With the help and ISO 14067 certification of Bureau Veritas, the Italian footwear specialist Aku has started to implement a three-step carbon footprint systemic approach to all of its operations from sourcing to a product’s end of life. In the process, more than 800 components have been analyzed according to ...
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News briefs
Diadora and Ducati announce multi-year deal
Diadora and Ducati have announced a multi-year sponsorship agreement that includes clothing and footwear for the team. As the technical partner and official supplier for the Ducati Lenovo Team, Diadora will provide clothing, accessories and footwear for all occasions during the championship, including travel and representation, all activities on the ...
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News briefs
Michael Kors' CEO leaves
Joshua Schulman stepped down as the head of Michael Kors only seven months after taking the job. Schulman was also slated to take over the helm of Capri Holdings, the parent company of the U.S. fashion brand and owner of Versace and Jimmy Choo. Schulman joined Capri in August 2021, ...
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News briefs
Ukraine conflict to have 2-3% impact on luxury goods market
The conflict between Russia and Ukraine is expected to impact by 2-3 percent, or at least €7 billion, global spending in personal luxury goods, according to an estimate made by consultancy Bain & Company. The percentage corresponds to the estimated annual expense of Russian consumers in luxury clothing, accessories, ...
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ArticleItalian footwear industry revenues rise more than expected in 2021
Revenues of Italian footwear manufacturers rose by 18.7 percent in 2021 to €12.7 billion, according to an estimate made by Confindustria Moda’s research center. The estimate is above a prior forecast of a 16.2 percent rise for 2021, but remains 11 percent below the revenues achieved in 2019, the last ...
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News briefs
Russia allows to repay foreign debt in rubles
The Russian government has established a list of “hostile” countries whose debt towards Russian individuals and corporations can be repaid in rubles. The list includes member states of the European Union, Australia, the U.K., Canada, Monaco, South Korea, the U.S., Switzerland and Japan. Under the new legislation, Russians will be ...
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ArticleVito Artioli passes away
Vito Artioli passed away at the age of 85 in Tradate, north of Milan, where is located the family company Calzaturificio Star, a producer of luxury men’s footwear under the Artioli brand. Artioli was chairman of the Italian footwear association Assocalzaturifici, then called Anci, from 2007 to 2011 and headed ...
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ArticleMicam to host 821 brands
After having been postponed to March 13-15 from Feb. 20-22 due to the uncertainty and travel restrictions caused by the surge in Covid-19 cases driven by the Omicron variant, Micam is ready to kick off with 821 brands. The previous edition of the footwear show, held last year from Sept. ...
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News briefsLenzing opens world’s largest Lyocell plant in Thailand
Lenzing has announced the completion of its €400 million Lyocell expansion project in Thailand. The new plant, which is described by the company as the largest of its kind in the world, has a nameplate capacity of 100,000 tons per year. Construction work started in the second half of 2019 ...
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ArticleRocky Brands targets savings as Q4 net sales soar
U.S. footwear company Rocky Brands said it is targeting cost savings and synergies after integrating Honeywell International’s performance and lifestyle footwear business last year as it reported a 93.4 percent surge in fourth-quarter net sales. The company, which called the $230m acquisition “transformational”, said sales for the three months to ...
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ArticleSnipes with second major acquisition in the U.S. since December
Snipes continues its expansion in the U.S. with the acquisition of New England-based sneaker retailer Expressions, which operates 35 stores in Massachusetts, Connecticut and Rhode Island. Terms of the deal were not disclosed. Expressions was founded in 1989 as a fashion-oriented family business. In the years that followed, the company ...
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ArticleOrthoLite launches a recyclable, compostable midsole foam
OrthoLite has launched Cirql, which it claims to be the first-ever ethylene-vinyl acetate (EVA) plastics free, recyclable and compostable midsole foam “with an end of life solution” that can be applied for athletic, casual, fashion, work and children footwear. The U.S. producer of insoles, which is celebrating its 25th anniversary ...
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ArticleSberBank pulls out of the EU
The Russian leader SberBank is withdrawing from the European market, after being hit by massive financial sanctions in retaliation for Russia’s invasion of Ukraine. “Sberbank has decided to withdraw from the European market. The group’s subsidiary banks face abnormal outflows of funds and threats to the security of their employees ...
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ArticleGlobal footwear market seen at $440bn in 2026
In 2020, the global footwear market was estimated at $384.2 billion and is expected to rise by a compound annual growth rate (CAGR) of 2.3 percent to reach $440 billion in 2026, according to Reportlinker, a research institute using artificial intelligence to compile reports. Casual footwear, one of the segments ...
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ArticleZalando releases a disappointing 2022 guidance
Zalando posted better-than-expected sales in 2021 but released a disappointed guidance for 2022, which prompted the company’s share price to drop nearly 10 percent on the day. In the full year ended Dec. 31, the German online fashion retailer posted a 29.7 percent increase in revenues to €10.35 billion, compared ...
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ArticleC-Suite interview: Maypol recovers after being hit by Covid-19
There’s a place where jute, the material used to produce espadrilles, is considered a cultural heritage. This place is Caravaca de la Cruz in the footwear cluster of Spain’s Murcia region. Maypol, among other footwear companies, is based there since 1992. A family-run company whose name stems from the combination ...
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News briefs
German retail supply problems worsen in February
Supply problems in German retail have worsened again in February but the clothing industry faired better than other sectors, according to a survey by the research institute ifo. In February, 76.3 percent of overall retailers said that they did not receive all the goods they ordered. In January, the figure ...
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News briefs
Hotter Shoes partners with True Fit
Hotter Shoes has entered a partnership with True Fit, a customer experience platform that decodes fit and size, to help customers shop online. The British footwear brand claims that 90 percent of new clients are now acquired through digital channels. True Fit will leverage its AI-powered algorithm to enable Hotter ...
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News briefs
Unbound Group hires a chief product officer
Unbound Group, the owner of the footwear brand Hotter Shoes, has appointed Sarah Davies as chief product officer. Davies, who has over 20 years of experience in the fashion retail industry will oversee strategy and product development for Hotter, as well as lead on the development of Unbound’s apparel categories. ...
