All Shoe Intelligence articles in Volume 24, Issue 5+6 – Page 4
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ArticleHow DIS reinvented itself after being hit by Covid-19
Design Italian Shoes (DIS) suffered severely from Covid-19-related lockdowns, which stopped clients from visiting stores fitted with its feet scanners and ordering customized shoes. In dire straits, the company, led by the brothers Andrea and Francesco Carpineti, had to re-invent itself and is now a thriving technological startup. “2021 was ...
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News briefs
Steve Madden in jewelry licensing deal with Centric
Centric Brands entered an exclusive licensing agreement with Steve Madden in the jewelry and hair accessories categories. Centric has been producing jewelry under Madden’s Betsey Johnson brand for the past four years. Edward Rosenfeld, chairman and chief executive officer of Steve Madden, said that “Centric has done an excellent job ...
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News briefs
Sympatex strengthens footwear business with new hire
Christoph Alexander Schnell will join Sympatex in February as business development manager for the footwear segment. Situated in Munich, the company provides high-tech functional materials used in apparel, footwear, accessories, contract & work wear and technical applications since 1986. A trained shoe technician, Schnell has designed formative projects at ...
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News briefs
JD fined while divesting Footasylum
JD Sports Fashion is questioning a fine of almost £5 million (€5.9m) imposed by the British anti-trust authority for “sharing of commercially sensitive information” with Barry Bown, CEO of the Footasylum chain it acquired in May 2019. On the other hand, the company confirmed that it will “continue to work ...
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News briefsTimberland’s icon boot heads into the metaverse
Timberland, a VF Corp. brand, has entered the metaverse with a digital gaming experience called “TimbsTrails.” “TimbsTrails provides a unique and fun platform to celebrate the footwear innovations and cultural moments that have shaped our past, and to explore our collective journey into the future,” said Chris McGrath, VP of ...
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News briefs
U.K. online retailer Studio Retail files for administration
The British online retailer Studio Retail Group filed for administration for itself and Studio Retail Limited, its wholly owned subsidiary, after failing to obtain a £25 million (€30m) short-term loan. The company also suspended its shares on the London Stock Exchange while it begins the U.K.’s form of bankruptcy proceedings. ...
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ArticleOver 12 million pairs of Havaianas sold in EMEA in 2021
Havaianas, the Alpargatas-owned sandal brand, generated the equivalent of €115.4 million in revenues in Europe, the Middle East and Africa (EMEA) last year, representing a 35 percent year-over-year increase. Results were driven by the Sparkle flip-flop line and the Beyond Core category that grew 28 percent in unit volume. The ...
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ArticleInflationary pressures are mounting across the board
Thanks to the collective work of the editorial teams of Shoe Intelligence and its sister publication Sporting Goods Intelligence Europe, we have put together a comprehensive analysis of the impact of inflation on the footwear industry. We tried to cover the economic, industrial, financial and some social aspects of inflation ...
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ArticleStuart Weitzman sales return to pre-Covid levels
Stuart Weitzman, the footwear brand of the U.S. fashion group Tapestry, returned to pre-Covid sales levels in the second quarter ended Jan.1, and posted an operating profit. In the quarter, Stuart Weitzman increased sales to $115.8 million from $84.5 million. At constant currency rates, sales were up by 37 percent ...
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News briefs
Hengst files for bankruptcy
Hengst Footwear, which is based in the Dutch town of Steenwijk, has filed for bankruptcy, according to the local media. “This step was a difficult decision for our family,” Karen Hengst, who owns the company with her husband Hans, was quoted as saying. She cited the impact of the ...
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ArticleMillennials and Gen Z are more likely to embrace luxury than older generations
As a new generation of younger, digitally-savvy shoppers comes to the fore in the luxury marketplace, new trends are emerging, a survey conducted by the Swedish retail banking, payment and shopping service Klarna showed. These include a stronger focus on sustainability, which leads to favor quality products that will last ...
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News briefs
Piquadro Q3 sales up over 36%
In the third quarter ended Dec. 31, the Italian leather goods firm Piquadro posted sales of €45.7 million, up by 36.4 percent from a year earlier. In the first nine months of the fiscal year, it posted revenues of €109.4 million, up by 33.3 percent. The company had a net ...
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ArticleCovid to cost $9-17 bn to North American footwear, apparel industry in 2022
The Covid-19 pandemic could lead to $9-17 billion in lost Ebitda in 2022 for the North American apparel and footwear industry, which generates about $400 billion in annual revenues, according to the findings of the consultancy Kearney published in a survey titled ”The Cost of Covid for North American Apparel ...
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News briefs
Shoe Zone distributes treasury shares to managers
Shoe Zone distributed 12,878 ordinary shares out of treasury to its finance director, Terry Boot, the general counsel, Catherine Bowen, and the operations director, Steve Orr, in connection with their remuneration packages. Boot, who is also a director of the British footwear retailer, received 7,626 shares. As a result of ...
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ArticleNew global store concept for Hoka launched in Asia
Green Room, an experimental design agency based in Birmingham, England, has partnered with footwear and apparel brand Hoka One One to develop a new global store concept that has been launched first in China and Southeast Asia. The partnership has developed a community-focused retail concept that will be rolled out ...
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News briefs
Pittards sees 25% increase in January sales order book
Pittards, the British producer of leather and luxury leather goods, said its sales order book in January increased by 25 percent compared to the year earlier, with sales momentum continuing after revenues in 2021 jumped by 30 percent to £19.8 million (€23.5m). In a trading update on 2021 financial results, ...
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