All Shoe Intelligence articles in Volume 25, Issue 17+18 – Page 2
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ArticleWhy footwear brands are reluctant to be fully transparent about the supply chain despite client demand
Consumer demand for traceability in the footwear supply chain is here to stay but many brands around the world are still failing to pay enough attention to the trend, according to Bruno Venditti, chief operating officer of the Italian digital product passport start-up Blockvision. In an interview with Shoe Intelligence, ...
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ArticleHow after a stellar 2022, Spanish shoemakers are facing a challenging environment
Last year, the Spanish footwear industry returned to levels similar to the pre-pandemic period. Exports exceeded €3 billion for the first time, with almost 160 million pairs of shoes sold abroad. But, export growth has slowed down early 2023 and the Spanish industry continues to struggle with structural shortcomings while ...
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News briefs
Skechers sues Laforst Shoes for allegedly copying its slip-in shoe design
Skechers has filed a patent infringement lawsuit accusing California-based Laforst Shoes of copying its slip-in shoe design. Skechers is accusing Laforst of infringing on five patents related to its slip-in, hands-free sneakers. The lawsuit was filed on Aug. 17 in the central district of California. In June, Skechers filed a ...
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News briefs
New Balance files lawsuit against Golden Goose for allegedly copying its Dad sneakers
New Balance has filed a lawsuit against luxury Italian label Golden Goose, claiming that the brand copied New Balance’s signature Dad sneakers, notably its Model 990 line. The lawsuit was filed on Aug. 18 in the US District Court for the District of Massachusetts. According to the complaint, Golden Goose’s ...
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ArticleRussian footwear retailer Kotofey speeds up expansion program
Kotofey, one of the leaders in Russia’s children and teenager footwear market, has unveiled plans to add 50 doors to its retail network in 2024, on top of 40 planned openings this year. The need to replace foreign brands, which exited the Russian market after the country invaded Ukraine on ...
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ArticleIndian footwear sector revenues seen up 11% driven by higher prices
Revenues for the Indian footwear sector are expected to increase by about 11 percent in the fiscal year ending March 31, 2024, largely due to higher selling prices, according to a research by CRISIL Ratings. Sales volumes are forecast rising by some 4 percent during the period. Exports, which constitute ...
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News briefs
Russia’s former New Balance distributor launches a new chain
Jamilco, the former Russian distributor of New Balance, announced the launch of the multi-brand footwear retail chain Trendzone. Initially, the company will open 32 stores at sites formerly run under the New Balance banner. The company has already opened an online store, trendzone.ru, to which users are automatically redirected from ...
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ArticleGerman economy expected to continue contracting after a quarter of stability
After stabilizing in the second quarter of 2023, German GDP is expected to contract again in the coming months. In the second quarter, GDP was flat compared with the previous three months on a price, seasonally and calendar adjusted basis, according to the statistics office Destatis. Year-on-year, German GDP ...
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ArticleCanada probes Walmart, Hugo Boss, Diesel for alleged use of Uyghur forced labor
The Canadian Ombudsperson for Responsible Enterprise (CORE) will launch investigations regarding the alleged use of Uyghur forced labor in China by the Canadian units of Walmart, Hugo Boss and Diesel. CORE has published initial assessment reports regarding complaints about Walmart Canada, Hugo Boss Canada and Diesel Canada for allegedly benefitting ...
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ArticleHow Turkey is still benefiting from Covid-19 reshoring, even if some production has returned to the Far East
Turkish footwear exports are set to break a new record in 2023, partly thanks to the reshoring of some production from the Far East during the Covid-19 pandemic. After reaching an all-time high of $1.2 billion in 2022, Berke Içten, head of the association of Turkish footwear manufacturers TASD, forecasts ...
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News briefs
Görtz’s CEO has left
Görtz’s CEO Frank Revermann has left the company after almost eight years at the helm. Revermann, who joined the Hamburg shoe retailer in November 2015 after working for the textile retailer Bonita, stepped down at the end of July “at his own request”, according to reports. Tobias Volgmann ...
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ArticleFoot Locker suspends dividend payments amid falling sales
Foot Locker announced the suspension of its dividend payments and a cut in its full-year guidance after posting a decline second-quarter sales. The news led to an over 28 percent plunge in the company’s share price on the Nasdaq market in New York. In the second quarter ended July 29, ...
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News briefs
Impo International names a new chief revenue officer
The Californian footwear company Impo International has appointed Bruce Kaplan as its new chief revenue officer. Kaplan has over 45 years of experience in retail and wholesale. Most recently, he was executive vice president of Ara North America.
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News briefs
VF appoints a new chief people officer
VF Corp. has named Brent Hyder chief people officer (CPO), effective Sept. 5. Hyder will report to president and CEO Bracken Darrell and will be a member of the company’s leadership team. He succeeds Anita Graham, who departed to join Labcorp earlier this year. Hyder joins VF after spending nearly ...
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News briefs
Psudo launches a new style in partnership with Blumaka
The Los Angeles-based sneaker brand Psudo said that it is launching its latest style, Psudo blu in partnership with Blumaka, a shoe and insole manufacturer allowing brands to develop foam parts that have up to 85 percent recycled content. Psudo blu sneakers will be produced at Blumaka’s solar-powered factory in ...
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News briefs
Frankie4 expands its presence in North America
Two years after launching its U.S. e-commerce platform, Frankie4, is expanding its presence in North America thanks to wholesale partnerships and the opening of a flagship store. The Australian women’s footwear brand rolled out in August wholesale partnerships with Nordstrom and J.Jill. In September, it will be opening a 1,300-square-foot ...
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News briefs
ANWR and Sabu cooperate towards long-term strengthening of footwear retail sector
The German footwear buying group ANWR and the German shoe retail cooperative Sabu have joined forces, launching an in-depth cooperation aimed at developing new industry solutions and fostering innovation to boost sales potential. The partners will focus on two “strategic fields of action”: revitalizing the trade fair landscape and ...
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News briefs
Pittards prolongs creditor protection as sale proceeds
On Aug. 22, Pittards, a British producer of leather and luxury leather goods, filed a second notice of intention to appoint administrators to provide protection against creditors for a further 10 business days while a buyer for the business and assets is sought. On Aug. 8, the company announced the ...
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News briefsA Nike factory opens in Uzbekistan
The Chinese group SinoInternational has started a factory for manufacturing Nike footwear in Andijan, Uzbekistan, the Uzbek association of leather, footwear and fur products, Uzcharmsanoat, said on its website. Nike granted permission to build the factory in 2019, but construction was delayed by the Covid-19 pandemic. In addition, it took ...
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News briefs
U.S. retail rents at highest level in a decade
Asking rents for retail space in the U.S. are at their highest in at least a decade, averaging more than $23 a square foot, according to CBRE. The Wall Street Journal reports that the increase is largely the result of a drop in retail construction since the 2008-09 financial crisis, ...
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