All Shoe Intelligence articles in Volume 25, Issue 1+2 – Page 3
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ArticlePayPal and the world of digital payments
PayPal appears to be far and away the West’s top provider of e-wallets, according to the specialized market analysts at eCommerceDB, who have compiled survey results from Statista. But how did this come about, who are the competitors and what is the situation in other parts of the world?
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ArticleEuropean footwear demand may drop in 2023
In 2023, demand for footwear could drop by 1 percent, or by an estimated 55.6 million pairs, in Europe, according to a survey of experts published in the latest Business Conditions Survey of World Footwear. The European continent would underperform the rest of the world, where demand is expected to ...
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News briefs
Saysh expands delivery service to Canada
Saysh, a U.S. community-focused lifestyle brand for women founded in the summer of 2021 by Olympian Allyson Felix and her brother Wes Felix, has expanded its delivery service to all Canadian provinces. Saysh, which can be found in select wholesale doors across North America, noted that the launch of its ...
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News briefs
China starts authorizing Covid infected people to work
Local Chinese authorities are allowing people to return to work even if they have Covid-19 symptoms. Previously, a single case of Covid-19 could lead to the lockdown of several thousand people in the country. In December, the government changed its zero-Covid policy and eased its harsh restriction measures. The measures ...
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ArticleLanvin Group’s roller coaster market debut
Shares in Lanvin Group, the Chinese luxury goods group that owns the Italian shoemaker Sergio Rossi, plummeted about 25 percent on their market debut on the New York Stock Exchange, but the stock recovered most of its lost ground the following day. Lanvin’s flotation stems from the merger with Primavera ...
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ArticleGolden Goose ranks among the fastest growing luxury goods brands
Golden Goose, the Italian producer of luxury sneakers, ranked third among the 20 fastest growing luxury goods companies over the past three years, according to Deloitte’s report Global Powers of Luxury Goods 2022. In the 2021 fiscal year, Golden Goose’s estimated revenues were $456 million, up by 45.0 percent from ...
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ArticleOerlikon expands its luxury goods component business
The Swiss industrial group Oerlikon has signed a definitive agreement to acquire Riri, a Swiss-based provider of coated metal accessories for the luxury fashion industry, including footwear. No financial details were released but the transaction is expected to close in the first quarter 2023. Last year, Oerlikon bought Coeurdor, a ...
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News briefs
High energy costs change Germans’ buying habits
The German Retail Association (HDE) reports that the high price increases for energy in Germany have significantly changed the shopping behavior of consumers. For example, the latest HDE “Consumer Monitor Prices” for 2022/23 shows that eight out of ten consumers are affected by rising energy costs, and a third are ...
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News briefs
Vans and Timberland launch a joint capsule collection
VF’s brands Vans and Timberland have teamed up to design a capsule collection together for the first time. Celebrating the 30th anniversary of Vans’ iconic Half Cab, the two brands offer a brand new style based on Vans’ iconic model first released in 1992 and Timberland’s Euro Hiker boot, created ...
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News briefs
Asos appoints a new board member
Asos has appointed Wei Gao as non-executive director of its board. Wei was previously chief operating officer at Hopin, an online events platform, and brings over 16 years of e-commerce and data experience in senior roles at Amazon. Wei will join the board on Feb. 1, 2023 and will ...
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News briefs
H&M FY sales up 10%
H&M said that in the fourth quarter, that ran from Sept. 1 to Nov. 30, net sales reached SEK 62.451 billion (€6.045bn), up by 10 percent from a year ago. In local currencies, they were unchanged. Excluding Russia, Belarus and Ukraine, the increase was 11 percent on a reported basis ...
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News briefs
Inditex's 9-mth sales up 19%
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho, said that in the nine months ended Oct. 31 its sales reached €23.1 billion, up by a reported 19 percent from a year ago and up by 20 percent at constant currencies. Store and ...
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News briefs
Havaianas releases app for custom flip-flops
According to Lorena, Havaianas is celebrating its 60th anniversary with the release of an app that will enable customers to customize the flip-flops they purchase through it. Limited to the Brazilian brands’ two most traditional models, the Top and the Slim, the service covers prints and color combinations for straps ...
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News briefs
The Prada brand appoints a new CEO
Gianfranco D’Attis was appointed chief executive of the Prada brand, effective Jan. 2. D’Attis is president for the Americas at Christian Dior. Prada previously said that Andrea Guerra would be the new chief executive of the group. The appointment will be made at board meeting scheduled on Jan. 26.
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ArticleCasual footwear sales rebound in 2021
As the world returned to more pre-Covid 19 normalcy, to the office and to social events, the branded casual footwear market recovered strongly by rising 19.5 percent in 2021 to $14,671 million from $12,272 million a year earlier. While impressive, the percentage gain did not equal those made by the ...
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News briefsPlan to take Tod’s private is dropped
DeVa Finance, the investment vehicle of Diego Della Valle, the chairman, CEO and controlling shareholder of Tod’s, announced it was abandoning plans to merge with Tod’s in order to delist the Italian luxury goods group from the Milan stock exchange. Uncertainty about the fate of Tod’s’ shares had continued since ...
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News briefs
Asos reportedly in talks with lenders about hiring restructuring expert
Asos and its lenders are reportedly discussing whether to hire a restructuring expert following the departure of Katy Mecklenburgh, the interim chief financial officer of the British online fashion retailer. A number of turnaround professionals held informal talks about a role, which would sit below executive level, but no decision ...
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News briefs
Only 5% of companies understand their impact on nature, new study reveals
The World Benchmarking Alliance (WBA) has just published its first-ever “Nature Benchmark,” a study that measures how companies are reducing their negative impacts on nature and contributing to the protection and restoration of ecosystems. The study found that only 5 percent of the companies reviewed to understand their impact on ...
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News briefs
Zalando reappoints Schröder as COO
Zalando’s supervisory board has reappointed David Schröder as chief operating officer. According to the company, he will continue to expand Zalando’s European multi-channel logistics network and develop new growth opportunities, such as helping partners increase their direct-to-consumer business across various channels. Chief business and product officer Jim Freeman is leaving ...
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News briefs
New management at Havaianas’ European hub
Havaianas has made several changes to the executive suite at its European hub in Madrid, according to Modaes. The Alpargatas-owned brand has promoted Vanessa Sosa, a 12-year brand veteran formerly with Tommy Hilfiger, from head of Spain to sales director for Europe, the Middle East and India. To succeed Sosa ...
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