All Shoe Intelligence articles in Volume 24, Issue 5+6 – Page 3
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News briefs
Pikolinos streamlines its structure
Pikolinos has streamlined its structure by absorbing its leather supplier Pies Cuadrados, which like Pikolinos is owned by the Perán family. Through the reorganization, the company Molicopi, which owned Pies Cuadrados is being liquidated. In 2019, Pikolinos already modified its structure with a partial spin-off of its parent company. The ...
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News briefs
Designer Brands invests $2 m in black-owned factory
Designer Brands, the parent of the shoe retailer DSW Designer Shoe Warehouse, is investing $2 million in the first Black-owned footwear factory in the United States – JEMS by Pensole – to produce shoes designed by graduate students of the Pensole Lewis College of Business & Design (PLC). The shoes ...
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News briefs
Kering posts record full-year sales
Kering achieved record revenues in 2021 at €17.019 billion, up by 34 percent as reported and up by 35 percent on a comparable basis. The recurring operating income rose by 60 percent year-on-year to a record €5.017 billion. Online sales continued to grow, up by 55 percent. The online channel’s ...
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News briefs
Globo’s parent buys Conte of Florence
Cosmo, which manages about 100 stores in Italy under the Globo banner selling apparel, footwear and accessories, has bought for €3.1 million the Conte of Florence brand, along with the website domain and some stock, according to the website Pambianconews. Conte of Florence became famous in the 1970s when it ...
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News briefs
Crocs completes the acquisition of Heydude
Crocs completed the purchase of the privately-owned casual footwear brand Heydude on Feb. 17. The acquisition was funded by $2.05 billion in cash and 2,852,280 Crocs shares issued to Heydude’s founder. Heydude is expected to deliver annual revenues of $700 to $750 million, including the period of time prior ...
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News briefs
Clarks hires two new managers
Clarks has hired Olivier Motteau as the head of its European business, excluding the U.K. and Ireland. Motteau spent 14 years with New Balance. He was initially hired in 2007 as country manager for France and was promoted to run the European operations in 2010. He expanded the European footprint ...
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News briefs
Tod’s wins public tender for exclusive Milan store
Tod’s has won an auction to rent a store in Galleria Vittorio Emanuele II, Milan’s iconic shopping arcade, which is next to the city’s cathedal. In a public tender, the Italian luxury leather goods producer offered to pay an annual rent of €1.805 million for the 249-square-meter store, which is ...
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News briefs
Wildling Shoes enters North American market
The German shoe maker Wildling Shoes, which manufactures minimalist footwear using sustainably sourced materials according to ethical manufacturing practices, will make its debut in North America with its spring/summer 2022 collection. The shoes will be sold exclusively online at us.wilding.shoes and are available in the U.S. and Canada. According ...
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ArticleScarpe & Scarpe plans to continue on its own
The Italian footwear retailer Scarpe & Scarpe, which is currently under a creditor protection scheme, plans to remain independent. The company will outline its business plan and debt repayment proposal to creditors on Feb. 28. The retailer was created in 1961 in Turin and currently has 137 stores across Italy. ...
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ArticleAllbirds launches a resale platform
Allbirds, the B Corporation certified Californian brand of footwear and apparel, has launched the resale platform Allbirds ReRun in partnership with Trove, which specializes in branded recommerce. ReRun will initially offer customers at three stores the option of trading in their Allbirds shoes for $20 in store credit. Following the ...
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News briefs
A new plant-based textile fiber from Finland
Nordic Bioproducts Group, a Finnish start-up and a spin-off from Aalto University, has developed a new plant-based textile fiber called Norratex, made without any toxic chemicals or expensive solvents. In Nordic Bioproducts’ patented AaltoCell technology, the cellulose is first hydrolyzed in an environmentally friendly manner; then, it is further processed ...
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ArticlePortugal adopts stricter rules for the labeling of leather substitutes
The Portuguese government adopted new regulations (Decreto-Lei n.o 3/2022) at the end of January 2022 to label all textile products that are man-made to replace genuine leather and also established fines for companies that do not comply. The new law defines the term leather and specifies its use. Accordingly, the ...
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News briefs
Metaverse market to exceed $100 bn in 2022
Management consultancy Boston Consulting Group (BCG) expects a strong surge in growth for products and services for the so-called metaverse. “The market for augmented reality will exceed the 100 billion US dollar mark this year,” said BCG partner Tibor Mérey in an interview with the German business magazine Capital. The ...
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ArticleBasicNet sees significant sales growth in Q4
BasicNet said it posted “significant” growth at the end of 2021, with consolidated revenues in the fourth quarter jumping by 26.5 percent from the year-earlier period to €80.0 million, marking an improvement of over 14 percent on 2019. BasicNet, the Italian-based parent company for brands such as Kappa, K-Way, Superga ...
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ArticleHotter Shoes in tie-up with M&S as revenues rise
Unbound Group, the parent company of Hotter Shoes, announced that the footwear brand enjoyed a surge in fourth-quarter revenues and will sell its comfort shoes through the British retailer chain Marks & Spencer (M&S). Unbound said that M&S will immediately start selling 32 Hotter products on its “Brands at M&S” ...
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ArticleGabor 2021 sales drop 13.6% as Covid continued to weigh
The German shoe manufacturer Gabor took a hit from the coronavirus pandemic for a second straight year as extended lockdowns in the first half of the year, supply chain disruptions and rising procurement and logistics costs weighed on results. The Rosenheim-based company’s sales stood at €260 million in 2021, ...
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ArticleCrocs targets $6 bn in sales in 2026
Crocs exceeded $2.3 billion in revenues last year and expects to reach a turnover of $6 billion in 2026, thanks to the takeover of Heydude and organic growth driven by its digital business. The U.S. footwear company posted a strong fourth quarter with an increase of 42.6 percent in sales ...
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News briefs
Kamik’s new CEO comes from Keds
Gillian Meek has been hired as the new CEO of Kamik, a family-owned Canadian company. Meek was previously president of Keds, a brand of canvas sneakers and leather shoes owned by Wolverine Worldwide. Meek was part of Wolverine’s senior leadership team. She is also a member of Women in Footwear ...
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News briefs
Cole Haan releases its first sustainable shoe
Cole Haan has released its first sustainable shoe. The Generation Zerøgrand has an outsole made of a material called FlowerFoam, at least 25 percent of which consists of natural dandelion rubber and for which the American brand has filed a patent. The vegan microfiber suede of the upper is 21 ...
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ArticleVietnam sees leather goods, footwear exports up 10-15% in 2022
Vietnam’s exports of leather, footwear and bags this year are expected to increase by 10-15 percent in 2022 to $23-25 billion, according to the Vietnamese leather, footwear and handbag association, Lefaso. In 2021, Vietnamese exports of leather, footwear and handbags increased by 4.6 percent to $20.78 billion, with footwear exports ...
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