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  • amazon-logo
    Article

    Amazon’s sales slow down in Q2

    2021-08-02T15:36:00Z

    Amazon posted net sales of $113.1 billion in the second quarter ended June 30, representing a 27 percent increase as compared to the prior year quarter. It was also, however, a significant slowdown from the second quarter of 2020, when sales jumped by 40 percent. Excluding the $2.5 billion ...

  • AFTERPAY Logo
    Article

    Square to buy Afterpay in $29bn all-stock deal

    2021-08-02T08:36:00Z

    The American fintech Square has reached an agreement to buy the Australian firm Afterpay in an all-stock deal with an implied value of about $29 billion based on Square’s share price on July 30. Afterpay specializes in buy now, pay later (BNPL) services. The transaction is expected ...

  • VF_Corp_Logo
    Article

    VF raises FY guidance as Q1 sales and profits beat estimates

    2021-08-02T07:55:00Z

    VF Corp lifted annual guidance after posting better-than-expected earnings and sales in its first quarter as retail demand for the company’s top brands continued to recover from the impact of the Covid-19 pandemic. Revenue for the three months to June 30 more than doubled year-on-year to $2.19 billion against ...

  • Tapestry
    Article

    Tapestry creates foundation, boosts ESG targets

    2021-08-02T07:46:00Z

    Tapestry , the New York-based owner of Coach , Kate Spade and Stuart Weitzman , has formed the Tapestry Foundation to advance access and equity initiatives and to combat climate change. In addition, the American group is accelerating and amplifying its environmental, social and governance (ESG) targets and ...

  • Grendene
    Article

    Grendene Q2 hit by Covid-19 resurgence

    2021-08-02T07:44:00Z

    In the second quarter of 2021, the Brazilian shoe maker Grendene was affected by a resurgence of the Covid-19 pandemic in Brazil between March and April, resulting in lockdowns and lower-than-expected orders during the two months as more than 65 percent of the country’s retailers were closed. Under ...

  • Jimmy Choo logo
    Article

    Jimmy Choo sees annual sales at $550m

    2021-08-02T07:43:00Z

    In the first quarter ended June 26, Jimmy Choo posted revenues of $142 million, up by 178 percent from the prior year when results were badly hit by the outbreak of the Covid-19 pandemic. The top line grew by 147 percent on a constant currency basis. The brand posted ...

  • Geox breathes
    Article

    ​Geox closes its Serbian factory

    2021-08-02T03:26:00Z

    Geox is closing down its Serbian plant in Vranje due to a decline in demand for formal men’s and women’s shoes, in which the factory is specialized. The plant was built between 2014 and 2015 and became fully operational in 2016. Its construction was heavily subsidized by the ...

  • Deckers
    Article

    Deckers Brands posts Q1 sales growth, raises FY outlook

    2021-08-01T12:25:00Z

    Deckers Brands reported a first-quarter revenue increase of 78.2 percent to $504.7 million, while the company’s earnings per share increased to $1.71 compared to basic loss per share of $0.28 for the same period last year. The company has raised its full-year fiscal 2022 outlook and now expects earnings ...

  • Dr. Martens logo
    Article

    Dr. Martens warns of shipping delays due to Covid-19

    2021-08-01T11:20:00Z

    The iconic British shoemaker Dr. Martens reported a big jump in first-quarter revenues, driven by continued growth in online sales and the reopening of stores. Revenues in the three months to June 30 rose by 52 percent year-on-year to £147.3 million (€173m-$205.6m). This was against a Covid-19-impacted comparative ...

  • prada logo
    Article

    Prada operating profit above pre-Covid level

    2021-07-30T10:04:00Z

    Prada finished the first half with earnings before interest and taxes (Ebit) above pre-Covid levels thanks to a recovery in sales and disciplined cost management. In the first six months of 2021, overall revenues totaled €1,501 million, up by 60 percent year-over-year on a reported basis and by ...

  • steve madden logo
    Article

    Steve Madden Q2 above expectations

    2021-07-29T16:23:00Z

    Steve Madden saw a 178.6 percent increase in revenues in the second quarter of 2021 to $397.9 million from $142.8 million a year earlier, when sales were badly affected by the the Covid-19 pandemic. Over the period, the gross margin widened to 42.7 percent from 39.1 percent. Revenues ...

  • Ortholite
    Article

    OrthoLite pushes for zero waste in insoles

    2021-07-28T16:36:00Z

    U.S. insole specialist OrthoLite , a supplier for over 350 footwear brands worldwide, has announced a widespread zero waste initiative to reduce the environmental impact of its products that are used in roughly 500 million pairs of shoes every year. The company’s commitment includes investment in a proprietary manufacturing system ...

  • Juanma Peràn - Pikolinos
    Article

    C-Suite interview: Pikolinos believes it will take several years to return to pre-Covid levels

    2021-07-26T13:58:00Z

    “We are closing fiscal 2021 with a decline of about 30 percent in revenues compared to the previous years,” said Juan Manuel Perán , CEO of the Spanish shoe company Pikolinos in an exclusive interview with Shoe Intelligence. The company’s fiscal year runs from May 1 to April 30. ...

  • Article

    StockX's GMV up 90% thanks to new categories

    2021-07-25T08:26:00Z

    In a mid-year snapshot of its “Culture Index,” which was first launched last year, StockX reported a 90 percent increase in the gross merchandise value (GMV) going through its marketplace in the first half of 2021, led by a growth of 250 percent from “emerging categories” such as gaming ...

  • Skechers_Logo
    Article

    Skechers’ Q2 sales rise by 127.3%, driven by comfort trends

    2021-07-25T08:16:00Z

    Skechers reported a 127.3 percent increase in revenues to a record level of $1.66 billion for the second quarter ended June 30, with a growth of 117.5 percent in local currencies. Compared with the second quarter or 2019, the top line grew by 31.7 percent on a reported basis. ...

  • crocs
    Article

    Crocs raises guidance as Q2 revenues stride ahead

    2021-07-25T08:06:00Z

    Crocs reported better-than-expected second-quarter sales and raised its full-year guidance on the back of strong global demand for its products, despite supply chain disruptions caused by the Covid-19 pandemic. Easily beating an analyst consensus forecast of $565.2 million, the company posted record revenues of $640.8 million for the ...

  • Salvatore Ferragamo
    Article

    Ferragamo’s retail sales return to pre-Covid levels in July

    2021-07-22T08:19:00Z

    In the first half, Salvatore Ferragamo ’s revenues grew by 44.1 percent year-on-year to €523.8 million, missing market expectations by about €20 million. At constant currency rates, the top line increased by 46.2 percent driven by the Americas. The top line was cut by the deconsolidation of the company’s fragrance ...

  • grange1
    Article

    C-Suite interview: Made in Italy Fund snaps up Autry, Ghoud sneakers and seeks synergies

    2021-07-22T08:19:00Z

    The sneaker brands Autry and Ghoud are among the latest additions to the portfolio of the Made in Italy Fund , which is looking to capitalize on synergies from its growing stable of accessible luxury labels in fashion and footwear and tap into opportunities for international expansion. The ...

  • Expo_Riva_Schuh_Logo_w1200_h629
    Article

    Expo Riva Schuh closes with 2,700 visitors

    2021-07-21T17:25:00Z

    The 95th edition of Expo Riva Schuh and the 6th edition of Gardabags attracted over 2,700 visitors from 79 different countries, confirming their international reach despite the travel limitations caused by the Covid-19 pandemic. Buyers came from Europe, especially Italy, Germany, Poland, Spain, France and the Netherlands, as well ...

  • Zegna
    Article

    Zegna to go public and L Catterton takes over Etro

    2021-07-21T06:13:00Z

    The Italian fashion group Ermenegildo Zegna will go public and list on the New York Stock Exchange later this year through a merger with Investindustrial Acquisition Corp ( IIAC ), a special purpose acquisition company (SPAC) sponsored by subsidiaries of Investindustrial VII, a fund managed by the private ...