All Shoe Intelligence articles in Volume 25, Issue 21+22 – Page 6
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News briefs
Dunlop Protective Footwear picked Nexterus to automate transportation processes
Dunlop Protective Footwear has chosen Nexterus to automate its transportation processes. According to a joint statement, the use of the Nexterus’ Transportation Management System (TMS) and automating freight bill audit and payment processes has saved the Dunlop Boots business ”tens of thousands of dollars in freight costs and hundreds of ...
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ArticleCaleres to leverage lead brands to resume growth in 2024 after September sales disappoint
Caleres warned that its third-quarter and full-year sales are likely to come in at the lower end of guidance following a disappointing sales season in September, as unseasonably warm temperatures, higher interest rates and the impending Oct. 1 end to a student loan moratorium in the U.S. put a damper ...
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News briefs
Frasers hikes its stake in Boohoo to 13.44%
The British retailing group Frasers Group has further increased its stake in the online fashion retailer Boohoo to 13.44 percent from 10.42 percent, according to a filing with the London Stock Exchange. Frasers has been building up a stake in Boohoo. At the end of August and early September, it ...
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News briefs
Coats appoints a new board member
Coats Group, the British manufacturer of industrial thread and footwear components, said that Sarah Highfield will join its board as a non-executive director, effective Nov. 1. In addition, she will join the audit and risk committee, as chair designate, and the nomination committee. Highfield will succeed Nicholas Bull as chair ...
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News briefs
ACI International extends its licensing agreement with Perry Ellis International
ACI International, a manufacturer and marketer of footwear in the U.S. and Canada, has extended its license agreement with Perry Ellis International (PEI) to include a men and boys’ footwear line under the Original Penguin brand. The agreement marks the continuation of PEI’s 16-year relationship with ACI, which currently produces ...
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ArticleRussia mulls creating footwear clusters to boost local production
The Russian government is discussing the establishment of footwear clusters in the European part of the country, aiming to meet at least 10 percent of domestic demand. The clusters are planned in the Dagestan Republic, Rostov and Moscow province, or oblast, the Russian newspaper Izvestia reported, citing sources close to ...
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News briefs
Carbios inaugurates textile recycling facility in France
Green biotech company Carbios inaugurated its new textile preparation plant, a major innovation in polyester recycling, at the company’s demonstration facility in Clermont-Ferrand, France, on Oct. 2, 2023, in the presence of French Industry Minister Roland Lescure. To optimize the preparation of textiles for recycling, Carbios has developed a fully ...
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ArticleThe stocks of footwear companies continued to be under pressure in Q3
The prices of stocks monitored by Shoe Intelligence fell by 7 percent on average in the third quarter of 2023 compared with the previous three months amid ongoing concern about the economic outlook due to weak demand, higher interest rates and stubborn inflation. In the second quarter, the panel was ...
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ArticleSpartoo’s H1 sales decline but earnings improve
In the first half of 2023, Spartoo saw its gross merchandise value (GMV) decrease by 2.6 percent compared to the year earlier to €101.6 million and revenues excluding value-added tax slipped to €72.9 million from €73.9 million. The percentage of GMV generated by brands owned by the French retailer increased ...
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News briefs
Kamik celebrates 125 years
Founded in October 1989, Kamik, a Canadian footwear and apparel manufacturer, is celebrating its 125th anniversary with a fully redesigned website and a special refresh of the collection introducing new materials, colors, and patterns to some of its classic pillar styles including the Sienna 3. The company is also holding ...
