All Shoe Intelligence articles in Volume 25, Issue 3+4 – Page 3
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ArticleZegna’s Q4 revenues dip 0.5% but shoes post ‘exceptional performance’
The Italian fashion house Ermenegildo Zegna generated revenues of €407 million in the fourth quarter of 2022, down by a reported 0.5 percent on the year earlier and 2.9 percent lower at constant exchange rates, as sales were hit by new Covid-19 restrictions affecting the Greater China region. The owner ...
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ArticlePrimark posts a rise in Christmas sales
Primark reported a rise in Christmas sales as consumers continued returning to city shopping centers and retail parks after the easing of Covid-19 restrictions. Revenues in the 16 weeks to Jan. 7 stood at £3.145 billion (€3.562 bn), up by 18 percent on a reported basis and by 15 percent ...
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News briefs
Indonesia and EU aim to reach a free trade deal in 2023
The European Union and Indonesia aim to conclude a free trade agreement by the end of 2023 despite numerous trade disputes, said Vincent Piket, the EU’s ambassador in Jakarta. Piket told journalists that European Commission’s President Ursula von der Leyen and the Indonesian President Joko Widodo had decided in the ...
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News briefsTHG appoints a new CFO
On Jan. 24, THG appointed Damian Sanders as chief financial officer (CFO) with immediate effect. Sanders takes over as CFO from John Gallemore, who has been appointed chief operating officer (COO). Sanders has been a member of the board of the British online retailer for the past two years. He ...
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News briefs
German consumer confidence continues to improve
In February, German consumer confidence is expected to rise by 3.7 points from January to -33.9 points, according to a preliminary estimate by the research institute GfK. “With the fourth increase in a row, the positive trend in consumer sentiment is consolidating. Even though the level is still very low, ...
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News briefs
Shloop to open a production site in Mississippi
Shloop, a startup footwear manufacturer, is opening a manufacturing facility in Meridian, in the U.S. state of Mississipi. The $9 million investment is due to create 56 jobs. The footwear factory is located in a 32,000 square foot building dating back to the 1930s and started as a bakery. The ...
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News briefs
Cambodia’s footwear exports up nearly 25% in 2022
Cambodia’s footwear exports rose by 24.8 percent in 2022 to $1.74 billion, according to the General Department of Customs and Excise. The country’s overall exports of garment, footwear and travel goods products totalled $12.63 billion in 2022, up by 14.9 percent year-over-year. Exports for garments grew by 12.7 percent to ...
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ArticleSosandar enters a distribution deal with Sainsbury’s
The British fashion brand Sosandar has entered into an agreement to sell a selected collection of its products through the British retailer Sainsbury’s, providing it with an omnichannel presence. Thanks to the wholesale agreement, a range of women’s items will start being sold through Sainsbury’s during 2023, initially online only ...
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News briefs
Kazakhstan could face a sharp increase in footwear prices
New labelling rules are expected to lift the retail prices of shoes on the Kazakh market by 30 percent in 2023, a group of importers told the local publication Caravan. Kazakhstan introduced mandatory digital labelling of footwear on Nov. 1, 2021, but let retailers sell unlabeled shoes during a transition ...
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News briefs
Ecuador, Mexico free trade talks at ‘dead end’
Talks to reach a free trade agreement between Ecuador and Mexico are at a “dead end”, according to the Ecuadoran President Guillermo Lasso. Lasso said that the Mexican president Andres Manuel Lopez Obrador had informed him that Mexican banana and shrimp producers are opposing a free trade deal. Ecuador had ...
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News briefs
Tod’s strengthens production footprint with new Tuscan factory
Tod’s is moving forward with the construction of a new factory in the municipality of Pontassieve, which is located in an important district for the production of leather goods near Florence in Italy’s Tuscany region. The Italian financial daily Il Sole 24 Ore estimates Tod’s will invest about €15 million ...
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News briefs
New DACH sales manager for Superga and Sebago
Superga and Sebago get a new sales manager for German-speaking markets. CMH Consulting, Management and Handel, a company based in Kufstein, Austria, which holds the license for the two brands, has hired footwear veteran Pierre Lefebvre effective from Jan. 1, 2023. The 59-year-old is currently setting up a new ...
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News briefs
Candice Cooper founder Christoph Siegel dead at 68
Christoph Siegel, the founder of the Candice Cooper footwear brand, has died in Essen at the age of 68. The Bavarian-born shoe specialist started his career in the footwear industry more than 45 years ago as a sales representative with well-known brands such as Charles Jourdan. In 2007, ...
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News briefs
Anna und Paul founder and managing director Sonja Rendez dies at 57
Sonja Rendez, the founder and long-time managing director of the Cologne-based children’s shoe company Anna und Paul GmbH, died on Dec. 14, 2022 at the age of 57. The fashion designer had been battling cancer. Rendez founded the company for baby crawling and walking shoes in 2001 and served ...
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News briefs
French footwear sales up 7.3% in December
In December, French footwear retail sales increased by a seasonally and working day adjusted 7.3 percent month on month, according to the Bank of France. In November, sales of footwear grew by 3.3 percent. Overall, retail sale volumes in France inched up a seasonally and working day adjusted 0.5 percent ...
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News briefs
U.K. retail sales unexpectedly fell in December
In December, retail sales in the U.K. fell by 1.0 percent month-on-month in volume after dropping by 0.5 percent in November, revised from an earlier reading of a 0.4 percent decline, according to data released by the Office for National Statistics that noted that sales volumes were 1.7 percent lower ...
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ArticleThe Danish trade show CIFF buys its rival Revolver
Two major Danish fashion trade fairs are merging as Copenhagen International Fashion Fair (CIFF) acquires its rival Revolver effective from summer 2023, in a move aimed at strengthening Copenhagen’s position as Scandinavia’s fashion capital. While Revolver employees will relocate to CIFF’s headquarters at the Bella Center in Copenhagen, from ...
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ArticleShoe retailer Schuh-Oase files for bankruptcy
The German footwear retailer Schuh-Oase has filed for bankruptcy, the latest of many shoe companies caught in a wave of insolvencies that has been gathering pace in Europe’s biggest economy. The coronavirus pandemic led to a significant drop in sales over the past two years and took its toll ...
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ArticleBoohoo lowers its guidance on declining sales
Boohoo has lowered its full-year revenue guidance after sales fell sharply in the last four months of 2022 due to longer delivery times and shoppers returning to physical stores. But more worrisome, the British online fashion retailer is losing market share in the U.S. and Continental Europe. Company’s sales fell ...
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ArticleC-Suite interview: NeroGiardini aims to double in three years its sales from the Covid-19 trough
After three difficult years, that led to a significant reduction in sales, NeroGiardini is focusing on new markets to sell its wholly Italian made footwear. This year the Italian company will be entering the South Korean market.
