All Shoe Intelligence articles in Volume 25, Issue 1+2
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PDF NewsletterShoe Intelligence Executive Edition: Vol. 25 - 1+2
European footwear demand may drop in 2023 | Italian shoemakers’ 2022 revenues rose by 13.2% | Stocks of U.S. footwear companies rebound in Q4 | Casual footwear sales rebound in 2021 | Golden Goose ranks among the fastest growing luxury goods brands | Copenhagen launches in France | Bos Group obtains the Scotch & Soda footwear license | How a fast-growing footwear brand is further boosting growth with apparel | Balena launches fully biodegradable slides | Russian shoe retailers diversify their offer to replace Western brands | Coats de-risks exposure to its pension scheme | Oerlikon expands its luxury goods component business | Lanvin Group’s roller coaster market debut | Wolverine Worldwide announces divestitures, staff cuts | EU court rules that Amazon may be liable for sale of counterfeit Louboutin shoes | Emerging designer: Pineapples, grape-skins an apples step out in style in Id.Eight’s sneakers | EU institutions reach preliminary deal to combat deforestation | C-suite interview: Covid has highlighted the importance of trade fairs
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ArticleItalian shoemakers’ 2022 revenues rose by 13.2%
Italian footwear manufacturers estimated that in 2022 aggregate revenues rose by 13.2 percent compared with 2021 and were slightly above pre-Covid levels, up by 0.4 percent from 2019, when the industry’s sales totaled €14.3 billion. However, growth remains uneven, with 43 percent of companies expected to finish the year with ...
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News briefs
Cotélac obtains a safeguard procedure
Cotélac, a French ready-to-wear retailer, obtained a safeguard procedure on Jan. 4 from a Bourg-en-Bresse-based commercial court. The troubled company said that the procedure will provide it with protection from creditors in order to restructure its business after suffering a significant decline in trade due to various factors including ...
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ArticleNext lifts guidance as Christmas sales are more resilient than expected
Next lifted its full-year profit guidance as it reported better-than-expected sales over the Christmas period, but struck a cautious note on the outlook for the year ahead. Full-price sales rose by 4.8 percent year-over-year in the nine weeks to Dec. 30, £66 million (€74.5m) ahead of the company’s previous guidance ...
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ArticleStocks of U.S. footwear companies rebound in Q4
Trading remained very volatile in the fourth quarter of 2022 with the various clusters of our universe of stocks often fluctuating significantly compared with the previous three months. Overall, Shoe Intelligence’s selection of stocks continues to trend water, rising by just over 2 percent on average. Shares of Brazilian footwear ...
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News briefs
Meta not allowed to use personal data for advertising
Facebook owner Meta will no longer be allowed to use the personal data of its users in Europe for advertising personalization without being asked. This was the decision of the responsible Irish data protection authority DPC. At the same time, the authority imposed a fine of €390 million. According to ...
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News briefs
Re:store acquires fashion and lifestyle marketplace Trouva
Trouva, a London-based online marketplace focused on showcasing independent boutiques and brands focused on homewares, fashion and lifestyle, has been acquired by Cambridge-based startup Re:store from its previous owner, the clothing brand Next. Terms of the deal were not disclosed. In its press release, Trouva states that Re:store’s goal with ...
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News briefs
Germany requires Covid tests for travelers from China
Travelers coming into Germany from China will be required to present a Covid-19 test to enter the country, announced the German Health Minister Karl Lauterbach. Passengers from China must present “at least a rapid antigen test,” Lauterbach said in a note. At the same time, he added that there would ...
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News briefs
First wave of Chinese Covid cases may peak on Jan. 13
A first wave of Covid-19 cases in China is expected to peak on Jan. 13 with 3.7 million cases a day, according to Airfinity, a British provider of global health intelligence and analytics. Deaths are estimated to peak 10 days later at approximately 25,000 a day. By that stage, China ...
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News briefs
Amazon to lay off 18,000 people
Amazon will lay off over 18,000 employees, with the majority focused on Amazon Stores and the People, Experience, and Technology (PXT) organizations, announced Andy Jassy, the company’s CEO. The U.S. online retailer plans to start talking to employees or representative bodies from Jan. 18. “Amazon has weathered uncertain and difficult ...
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News briefs
China condems Covid tests on its travelers
China has condemned the imposition of Covid-19 tests by about a dozen countries for travelers from the country and has warned that “countermeasures” are possible. “Some countries have taken entry restrictions targeting only Chinese travellers,” Foreign Ministry spokesperson Mao Ning said during a regular briefing. “This lacks scientific basis and ...
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News briefs
Turkish inflation slows down
Turkish consumer prices rose by 64.27 percent year-on-year in December, slowing down from an 84.39 percent increase in November, according to the statistics office Tuik. Prices for clothing and footwear were up by 25.87 percent. It was the category that registered the lowest annual increase in December. Month-on-month, overall inflation ...
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News briefs
ANWR Garant Austria appoints a new managing director
ANWR Garant Austria is appointing a new managing director. On March 1, 2023, the former professional soccer player Andreas Mayer will succeed Georg Schachl, who will retire at the end of April. For the past five years, 48-year-old Mayer led the retail consulting department for the Sport 2000 Österreich ...
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ArticleCopenhagen launches in France
The German footwear and accessories brand Copenhagen Studios is entering the French market. After Denmark, Sweden, Norway, the Netherlands, Belgium, Austria, Switzerland and Italy, France is the ninth European market in which the label will expand its distribution network. From January this year, the label’s fall/winter 2023 collection will ...
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News briefs
Go Sport names a turnaround specialist at its head
About two weeks before Grenoble’s commercial court is expected to rule on the possible insolvency of Go Sport, its parent company Hermione, People & Brands (HPB) announced that Patrick Puy was appointed as the new general manager of the French sports chain, effective Jan. 4. Go Sport, based in Sassenage ...
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ArticleEmerging designer: Pineapples, grape-skins an apples step out in style in Id.Eight’s sneakers
Ideas come easy at Id.Eight. Which is to be expected when its two creators come from such a solid background in footwear design (him), and fashion marketing (her). He is Dong Seon Lee, from Seoul, South Korea, who built on his Fashion Design degree from KMU (Kookmin University) in 2005, ...
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News briefs
Florence buys an Italian embroidery manufacturer
Gruppo Florence, an Italian holding company that owns suppliers to the luxury goods industry, has acquired the Italian embroidery firm Ricamificio GS located in Sant’Egidio alla Vibrata in the Abruzzo region. The company was bought from the Galiffa family. No financial details were released. Ricamificio GS is the 22nd company ...
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ArticleRussian shoe retailers diversify their offer to replace Western brands
Following a mass exodus of Western brands from Russia, caused by the country’s invasion of Ukraine on Feb. 24, 2022, several shoe retailers plan to add apparel and accessories to their product range to fill a gap in the market, according to the Russian think tank NF Group. Rendez-Vous, Ralf ...
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ArticleOpportunities and challenges arise for fashion brands as consumers embrace sustainability
A consumer shift towards sustainable products and production practices is creating key opportunities and new challenges for global fashion brands, a Bain & Company and WWF Italy report found. The study examines consumer behaviors related to sustainability and fashion, surveying 5,900 consumers across six countries (China, France, Germany, Italy, Japan, ...
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News briefs
Spain introduces Covid controls for passengers from China
Spain is introducing Covid-19 controls in its airports for passengers coming from China, announced the health minister Carolina Darias. Passengers will have to prove that they have been tested negative or are fully vaccinated, she said. Other countries including, Italy, have also introduced mandatory tests on travelers coming from China, ...
