All Shoe Intelligence articles in Volume 26, Issue 5+6 – Page 2
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News briefs
Red tape, higher costs and shopper reluctance weigh on German fashion retailers
Increasing bureaucracy, soaring costs and consumers’ reluctance to buy are putting a strain on German fashion retailers, a survey from the country’s textile, shoes and leather goods trade association, BTE, showed. Bureaucracy is currently seen as the greatest concern as it is rated by the retailers participating in the ...
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News briefs
Tre Zeta Group continues its buying spree
Tre Zeta Group has acquired a 100 percent stake in Walking World, an Italian producer of insole. The company located in Porto Recanati, in the Marche region, was founded in 1990 by Antonio Giampaoli and Sonia Mangialardo. Walking World specializes in components for sneakers and has increased annual revenues by ...
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ArticleGerman shoemakers expect a challenging 2024
The German footwear and leather goods industry is facing “a challenging 2024” but a turnaround is possible towards the end of the year, according to Manfred Junkert, the general manager of the German footwear and leather goods trade association, HDS/L. “In spite of manufacturers having considerable resilience and creativity, a ...
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News briefs
Moreschi to outsource its manufacturing
Moreschi, an Italian producer of upscale shoes, plans to outsource its production to third parties. In a statement, the Italian footwear company controlled by the Swiss group Hurley deems its own production “not adequate to the required standards” of the brand. According to media reports, the move will lead to ...
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ArticleSergio Rossi posts a decline in FY revenues due to a weak H2
Sergio Rossi, the Italian shoemaker owned by the Chinese luxury goods firm Lanvin Group, finished 2023 with a 4 percent decline in revenues to €60 million after suffering a 24 percent drop in the top line to €27 million during the second half of the year. During the first six ...
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News briefs
Veldskoen Shoes expands in the US
Veldskoen Shoes, a South African footwear brand, has opened new offices in Atlanta as it expands in the US. The expansion plan includes increased availability in major retail outlets, strategic pop-ups in major cities and a strengthened e-commerce platform to make the brand accessible to consumers across the country. “We ...
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ArticleCCC Group posts record Q4 sales as margins rise sharply
CCC Group generated revenues of 2.5 billion zloty (€579.4m) in its fourth quarter ended Jan. 31, 2024, a new quarterly record and up from the PLN 2.4 billion posted the year earlier, as off-price banner Halfprice continued to lead the way with 53 percent growth in its top line. The ...
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News briefs
Della Valle family does not plan to sell Tod’s
The Della Valle family that controls Tod’s has no intention of selling the Italian producer of luxury goods, said Diego Della Valle, the chairman and CEO of Tod’s. “We don’t have to sell anything, we have a family business with young people who want to do this job,” Della Valle ...
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ArticleUFG files for bankruptcy
Unlimited Footwear Group (UFG) has unexpectedly filed for bankruptcy in the Netherlands. The proceedings started on Feb. 20 and a Breda-based court appointed an administrator. The announcement comes as a shock as UFG’s stand was bustling with activity at Expo Riva Schuh & Gardabags, an international trade show specializing in ...
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ArticleHow a French startup helps to manage unsold stocks
The clearance of unsold stock is a financial and environmental conundrum for manufacturers and retailers and the issue is likely to become more acute in the current poor business environment and amid growing pressure to avoid waste and promote a circular economy. Data by the Federal Reserve Bank of St. ...
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ArticleMicam attracts 40,821 visitors
Micam, the footwear fair which ran from Feb. 18 to 21 at the Fieramilano Rho exhibition center at the outskirts of Milan, along with the trade shows Mipel, The One Milan and Milano Fashion&Jewels attracted 40,821 visitors, from 150 countries. The trade fairs, which are held biannually, attracted 48,276 visitors ...
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News briefs
Skechers opens a new distribution center in Japan
Skechers is launching a new high-tech distribution center in Minato City, Tokyo. The facility was built with technology from Hai Robotics, with support from material handling consulting company MHE Solutions. The investment is meant to help Skechers meet the growing demand for its products on the Japanese market. The Hai ...
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Article
Wolverine makes progress on turnaround but more bumps likely
Six months on the job, Wolverine World Wide’s president and CEO, Chris Hufnagel, had to oversee changes in many aspects of the group’s overall business, including excess inventory, shedding businesses, lowering debt levels, and improving the supply chain. Progress has been made, but the turnaround will take more time ...
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News briefs
Oerlikon to spin off its Polymer Processing Solutions division
The Swiss industrial group Oerlikon plans to spin off its Polymer Processing Solutions business in order to focus on surface solution markets. “Today, we announce our final strategic step to become a pure-play leader in the broad surface solutions markets with attractive organic and inorganic growth opportunities. We will further ...
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ArticleFor Ever to produce compostable soles with Balena’s technology
For Ever, a Portuguese sole brand created in 1973, is joining forces with Balena to produce compostable soles. Balena is a circular economy startup founded in 2020 and located in Tel Aviv. The collaboration, unveiled on Feb. 20 during the Milan-based trade show Lineapelle, will combine For Ever’s mold injection ...
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News briefs
Germany could lose 5,000 stores in 2024
The retail sector in Germany is set to lose 5,000 more stores across all consumer goods segments in 2024, extending a downward trend, according to a forecast by the German Retail Association (HDE). By the end of this year, store closures since 2020 are expected to reach 46,000, the ...
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News briefs
Schuh-Welt files for restructuring under self-administration
The German shoe retailer Schuh-Welt has filed for restructuring under self-administration with the Pirmasens district court, as sluggish demand and rising rent and energy costs have taken their toll on the company’s finances. The retailer operates ten stores in southwestern Germany, including its headquarters in Waldfischbach-Burgalben, in the Rhineland-Palatinate ...
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News briefsShiekh Shoes launches a credit card
Shiekh Shoes, a US footwear and apparel retailer, is introducing the Shiekh Credit Card in partnership with Sunbit, a financial technology firm. The co-branded retail credit card is built on the Sunbit Credit Card platform and ”designed to enhance the shopping experience and foster brand loyalty,” Shiekh Shoes said. By ...
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ArticleItalian shoemakers concerned about the first half of 2024
After having experienced a decline in revenues in the second part of 2023, Italian footwear manufacturers expect the negative trend to continue during the first half of 2024. After gains posted in the first half of 2023, driven by a 13.6 percent year-over-year surge in the first quarter and a ...
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News briefsSkechers’ store network exceeds 5,000 units
Skechers’ store network has exceeded 5,000 locations, and the US company indicates that it is on track to doubling its footprint. The 5,000th store was opened in Bogotá, Colombia. The US footwear company opened its first Skechers store in 1995 in Manhattan Beach, near its corporate offices in Los Angeles. ...
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