All Shoe Intelligence articles in Volume 24, Issue 9+10 – Page 2
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News briefs
Baffin launches new Citizenship Boot Project
The Canadian shoemaker Baffin launched a new Citizenship Boot Project to provide cold-weather footwear to those in need. Produced with a mix of recycled materials and donated goods, over 1,300 boots were manufactured in Baffin’s Stoney Creek, Ontario, factory and will be donated to North American organizations. The Citizenship ...
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News briefs
Campus Activewear IPO runs April 26-28
The initial public offering (IPO) of Campus Activewear will be held on April 26-28. The transaction aims to raise about 14,000 million rupees (€170m) by selling 47.9 million shares. The price range of the IPO is 278-292 rupees (€3.38-3.63) per share. The shares are being sold by the businessmen Hari ...
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News briefs
Global smart shoes market to rise nearly 11% a year - report
The global smart shoes market is estimated to rise from an estimated $150.25 milllion in 2021 to $250.34 million by 2026, growing at a compound annual growth rate of 10.75 percent, according to a report released by ResearchAndMarkets.com titled ”Global Smart Shoes Market (2021-2026) by Product Type, End-User, Distribution Channel, ...
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ArticleGales enters a partnership with MedResults Network
Gales has started a partnership with MedResults Network, a U.S. purchasing group that provides equipment to over 3,400 medical practices and med spas. Gales, based in Malibu California, was founded by Rob Gregg, who enjoys over ten years in footwear design, with the purpose to provide lightweight and protective shoes ...
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ArticleUin enters a collaboration with London’s National Gallery
Uin started a collaboration with London’s National Gallery to renew the brand’s shoes using designs inspired by masterpieces housed in the museum. The deal for the Spanish brand to acquire the creative rights, excluding China, for the new “A Timeless Journey” collaborative collection that features art pieces by era-defining impressionist ...
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ArticleRussia seeks to replace Western footwear brands
Russia has ramped up footwear production and is seeking new ways of sourcing shoes abroad amid the exodus of Western brands, following the country’s invasion of Ukraine on Feb. 24 and subsequent international sanctions and voluntary withdrawal of some foreign companies. In March 2022, Russian footwear production climbed by 14.8 ...
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ArticlePikolinos aims to be a leader in sustainability
Pikolinos decided in January to adopt a new corporate structure giving to the three children of the founder Juan Perán Ramos full control of the Spanish footwear company, which is expected to end the fiscal year finishing in April 2022 with revenues of around €100 million. Under the new organization, ...
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ArticleNearly half of U.S. shoppers to spend less on shoes
A survey released by the Footwear Distributors and Retailers of America (FDRA) indicated that 48 percent of U.S. consumers plan to spend less on shoes this spring than last year and that 49 percent of shoppers are putting off footwear purchases because of inflation. In March, footwear prices rose by ...
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News briefs
Naturalizer partners with the designer Tracy Reese
Naturalizer, founded in 1927 with the ambition to design shoes specifically for women, and Tracy Reese, an American designer who launched her namesake fashion brand in 1996, jointly launched the “Hope for Flowers” footwear collection. The limited single run collection will range in price from $110-$148 a pair. The collection ...
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News briefs
Gucci’s Q1 sales disappoint
Kering reported revenues of €4.956 billion in the first quarter of 2022, up by a reported 27 percent and by 21 percent on a comparable basis. Sales of the key Gucci brand amounted to €2.591 billion in the quarter, an increase of 20 percent on a reported basis and 13 ...
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News briefs
Puma starts testing Re:Suede model
Puma has launched the testing phase of Re:Suede to determine whether a biodegradable version of its Suede model – made of Zeology-tanned suede, biodegradable TPE and hemp fibers – will withstand everyday use and biodegrade usefully. Distribution of the new sneaker has begun. Testers will be wearing them for half ...
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News briefsAquafil releases its sustainability report
Aquafil, the creator of the branded Econyl regenerated nylon, has released online its Sustainability Report 2021. The report revolves around the company’s flagship product Econyl, which is described as putting Aquafil “at the forefront of the circular economy revolution in textiles.” Econyl is made from regenerated waste materials like old ...
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ArticleTHG sees FY Ebitda margin in line with 2021
In 2021, THG, also known as the The Hut Group, suffered a decline in its gross operating margins due to adverse foreign exchange movements, investments, increasing raw material costs and freight costs which saw a marked acceleration in the second half of the year. The British online retailer expects this ...
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News briefsCrocs appoints Deanna Bratter as vice president and global head of sustainability
Following Crocs’ announcement of its ambitious sustainability strategy in July 2021, under which it aims to achieve a net-zero footprint by 2030 and become a more sustainable brand overall, the company has now announced that Deanna Bratter has joined the company as vice president and global head of sustainability. In ...
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News briefsMerrell launches beta version of shoe advisor app
Verifyt, a product of Boston-based company NetVirta, a developer of smartphone 3D body scanning technologies, is the fit-scanning technology used in the beta version of Merrell’s new Merrell Shoe Advisor mobile app, the industry’s first consumer app designed to ensure an accurate, personalized shoe fitting recommendation. Verifyt is said by ...
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Article
VF Foundation releases latest social impact report
In its second impact report, the VF Foundation, the philanthropic arm of VF Corp., reveals details of its humanitarian and community engagement, reaching out to more than three million people in 73 countries during the period between March 29, 2020, to April 3, 2021. Within the 12 months relevant ...
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ArticleCaleres expects to meet many ESG commitments ahead of 2025 schedule
Caleres has published its 2021 environmental, social, governance (ESG) report indicating the progess made last year and in early 2022 against its 2025 targets. The U.S. footwear company pointed out that it is on track to meet many of its commitments ahead of schedule. “Since we debuted our 2025 ESG ...
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News briefs
Castañer 2021 sales rise to over €19m
Castañer said that it posted a signficiant increase in sales last year to €19.3 million, however without giving an exact figure for the rise. The Spanish producer of espadrilles indicated that retail sales rose by 45 percent, with the gross margin improving by 2 percentage points, and digital revenues grew ...
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News briefsMaterial Exchange raises €25 million in Series A funding round
Material Exchange, the Swedish marketplace that helps firms source more sustainable materials, has secured €25 million via a Series A funding round. The round was led by Molten Ventures, with the continued support of previous seed investors, including Partech, Inventure, Norrsken, Lyra, and Day One Capital. Material Exchange said ...
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News briefs
Fratelli Rossetti 2021 sales rise by 40%
Fratelli Rossetti posted sales of €40 million in 2021, up by 40 percent year-over-year. In an interview with the daily Corriere della Sera, Diego Rossetti, the chairman of the Italian luxury footwear producer, indicated that the company does not rule out opening its capital to investment funds to finance ...
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