All Shoe Intelligence articles in Volume 24, Issue 9+10 – Page 4
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ArticleWar in Ukraine threatens German eco-friendly manufacturing
The war in Ukraine will have a significant impact on environmentally-friendly footwear manufacturing as it disrupts supply chains and forces factories across the country to shut down, according to the German shoe industry’s sustainability initiative, Cads. Before the conflict, Ukraine was an important supplier of material for eco-friendly shoe ...
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ArticleDesigner Brands upgrades its full-year guidance
Designer Brands improved its guidance for the fiscal year ending in January 2023 and now expects earnings per share (EPS) to be $1.80-$1.90, up from a previous guidance of $1.75-$1.85. The U.S. footwear company is also reinstating a dividend of 0.05 dollars per share for the first quarter of fiscal ...
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News briefs
Silvateam launches Ecotan Shoes
Silvateam has launched Ecotan Shoes, which it claims is the first shoe that can be “easily and completely” turned into an organic fertilizer. The sneaker is made from an ecofriendly leather, called Ecotan, naturally tanned with chestnut and quebracho wood tannins, which are PEFC (Programme for Endorsement of Forest Certification) ...
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News briefs
Zappos confirms Scott Schaefer as CEO
Zappos.com has confirmed Scott Schaefer as chief executive officer. He had been acting CEO since December 2021. Prior to becoming CEO, Schaefer served as vice president of finance which was preceded by multiple positions with financial, operational, and strategic scopes at the company. Before joining the U.S. online retailer of ...
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ArticleMerrell unveils a multi-year sustainability initiative
Merrell has unveiled “This Is Home,” a multi-year sustainability initiative designed to inspire consumers to protect nature. The campaign focuses on digital, social and connected TV and showcases Merrell footwear and apparel made from more sustainable materials. It aims to inspire people to go outside with as little impact on ...
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News briefs
Aquafil and Itochu to expand nylon circular business
Aquafil, the creator of the branded Econyl regenerated nylon, and Tokyo-based Itochu Corporation signed a non-exclusive business alliance agreement to expand and accelerate the nylon circular business. The two companies announced a strategic partnership in February last year. Aquafil created its Econyl Regeneration System in 2011. Econyl nylon is made ...
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ArticleFarfetch invests $200m in Neiman Marcus
Farfetch and Neiman Marcus Group (NMG) have announced a global partnership, under which the British online fashion retailer will make an investment of up to $200 million in the U.S. luxury retailer and become a minority shareholder. The funds will be used by NMG to bolster growth and innovation by ...
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News briefs
Zegna posts higher-than-expected Ebit margin
The Italian fashion group Ermenegildo Zegna posted an adjusted Ebit of €149 million in 2021, resulting in an adjusted Ebit margin of 11.5 percent, above guidance for a margin of about 10 percent provided in February. Zegna, whose shares are listed on the New York stock exchange, attributed its better-than-expected ...
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News briefs
Sosandar lifts earnings guidance after strong second half
The British online women’s fashion brand Sosandar lifted annual earnings and revenues guidance again after recording profits in successive quarters. The company, founded by two fashion journalists in 2016, expects at least £29 million (€34.7m) in revenues, up by 138 percent year-on-year, and for underlying losses to be cut by ...
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News briefs
50 Italian brands take part in trade fair held in Kazakhstan
Fifty Italian brands are taking part in La Moda Italiana@Almaty, an event organized by the Italian footwear association, Assocalzaturifici, in partnership with the Italian fashion industry association, Ente Moda Italia, and with the collaboration with the Italian furriers’ association, AIP, and the Italian leather goods association, Assopellettieri. The event also ...
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News briefsFootwear start-up Hylo raises €2.9 million for low-CO2 vegan shoes
The U.K.-based brand Hylo Athletics, co-founded by ex-football professional Michael Doughty in 2020, has secured €2.9 million in a Series A funding round for its vegan-friendly sneakers that are made with natural rubber, cotton, algae and corn fiber. The company claims the “corn runners” have a 52 percent lower carbon ...
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News briefs
Lululemon hires two executives for its new footwear business
Just days after announcing its first own footwear line, Lululemon is bolstering its executive team with the hiring of Simon Atkins as SVP of footwear and Phil Dickinson as SVP, global creative director. Atkins most recently led basketball and U.S. sports at Adidas and has held several senior management and ...
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News briefsNew U.S. brand introduces recovery footwear
Velous Footwear, founded in early 2022, has launched its first line of sandals designed to promote and optimize active recovery for athletes of all levels. Velous’ sandals are designed to help feet, ankles, knees and legs recover quickly from athletic or strenuous activities. The sandals incorporate the company’s patent-pending TriMotion ...
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News briefsFrank Schuffelen appointed CEO of ANWR Group
Source: ANWR Frank Schuffelen, ANWR The ANWR Group, headquartered in Mainhausen, Germany, has appointed Frank Schuffelen as CEO, effective April 1. Schuffelen was previously spokesman of the board and responsible, among other things, for corporate development, human resources, finance, controlling and corporate communications. He will now head ...
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News briefsTod’s wants to enhance the value of its brands
Tod’s wants to enchance the value of its four brands this year and has stopped trading with Russia following the country’s invasion of Ukraine on Feb. 24, according to the company’s chairman and chief executive Diego Della Valle. The group owns the brands Tod’s, Hogan, Roger Vivier and Fay. Speaking ...
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ArticleIndia expects to double trade with Australia
The India-Australia Free Trade Agreement, officially called the Australia-India Economic Cooperation and Trade Agreement (AIECTA), is the first trade agreement India has signed with a developed economy in more than a decade. Negotiations began in 2011 but were suspended in 2015 as talks stalled over issues such as market access ...
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News briefsVeja launches sneaker with Sea Sheperd
Source: Veja Veja xSea Sheperd Dekkan French footwear brand Veja has partnered with NGO Sea Sheperd to launch a new vegan sneaker that is available in several countries (in Europe: Switzerland, Italy and France) through the Sea Sheperd online store and at Veja’s website for €150. The ...
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News briefsScarpa unveils the eco-friendly Mojito Planet Denim
Scarpa has unveiled the Mojito Planet Denim, an all-terrain shoe made using recycled fabrics from production waste that are regenerated and transformed into new yarns. The process is based on an energy-saving technology that allows saving more than 65 percent of water compared with traditional systems, Scarpa says. The upper ...
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News briefsHunter introduces slippers and sandals with algae
Hunter, one of the bigger players in the rubber boots market, has introduced a capsule of summer slippers and sandals made from blown EVA and a share of a new material made with algae that are harvested by cleaning up waterways. The colorful “Bloom” line consists of a sandal and ...
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News briefsKlarna acquires PriceRunner
Klarna, the fintech company that intermediates between retailers and customers, handling direct payments, payments after delivery and installment plans, has acquired all of PriceRunner, a comparison-shopping service operating in Sweden, Denmark, Norway and the U.K. Klarna will be adding PriceRunner’s product discovery, price comparisons and product reviews to its own ...
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