All Article articles – Page 10
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ArticleHow Cortina took advantage of an ‘incredible opportunity’ to shake up its private label business
For Cortina, its private label business has been at the core of the company’s operations since the company was set up in 1950. After decades of expanding its design, sourcing, sales and logistics capabilities, the Belgian footwear designer and distributor recently decided to shake up its private label operations with ...
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ArticleInditex posts disappointing Q1 sales
In the first quarter ended April 30, Inditex saw its sales grow by 1.5 percent to €8.3 billion. The top line was 4.2 percent higher at constant currencies and up by 5.3 percent adjusted for the calendar effect of the leap year. The group said that its spring/summer collections were ...
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ArticleDr. Martens to cut discounts, widen offering as part of new CEO’s turnaround plan
Dr. Martens is cutting discount sales and promoting other products as it forecast a return to profit this financial year under a turnaround plan led by its new boss Ije Nwokorie. The British footwear group said its narrow focus on boots “failed to take full advantage of our strong shoes, ...
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ArticleGenesco reaffirms earnings guidance after better-than-expected Q1
Genesco reaffirmed its earnings guidance for its full fiscal year, after turning in a better-than-expected top and bottom line performance in the first quarter and putting in place mitigation measures to offset the impact of US import duties. In the three months ended May 3, Genesco’s sales rose by 4 ...
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ArticleOofos starts opening physical stores
Oofos, a US brand of recovery footwear, is launching its first brick-and-mortar stores, all located in the US. During May and June, the brand is opening stores at Pentagon City in Arlington, Virgina, the Mall of Georgia in Buford, Georgia, and the Florida Mall in Orlando, Florida, “all high-traffic areas ...
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ArticleKizik names a new CEO
Kizik, a US brand specializing in slip-on shoes, and its parent company, HandsFree Labs, have appointed Gareth Hosford as Chief Executive Officer to lead the group’s expansion. “A proven footwear and fitness industry leader with more than two decades of experience scaling global brands including Nike, Converse, and performance apparel ...
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ArticleShoe Carnival accelerates rebannering, confirms guidance as Shoe Station outperforms
Shoe Carnival announced it was once again speeding up plans to rebrand stores to its premium Shoe Station label, with Shoe Station now set to represent over 80 percent of its store fleet by March 2027, a significant increase from its previous 51 percent target. The footwear retailer’s ambitious plans ...
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ArticleCaleres cuts costs, accelerates shift away from China after worse-than-expected Q1
Caleres said it will cut costs and continue a shift away from sourcing from China, after posting worse-than-expected sales and earnings in its first quarter ended May 3. The disappointing performance came as US import tariffs started to have an effect and amid signs of worsening customer credit issues. Sales ...
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ArticleAI adoption rises in German retail, but rollout remains difficult
An increasing number of German retailers are turning to artificial intelligence, making the technology an integral part of the retail sector in Europe’s economic powerhouse, but company-wide implementation remains challenging for many, a survey from the German retail association HDE and Safaric Consulting showed. Over the past few years, ...
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ArticleJimmy Choo’s sales weighed down by the Americas, Asia
In the fiscal fourth quarter ended March 29, Jimmy Choo, the luxury footwear brand owned by Capri Holdings, posted revenues of $133 million, down by a reported 2.9 percent and by 1.5 percent at constant currency rates, due to lower sales in the Americas and Asia-Pacific Revenues in the Europe, ...
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ArticleDr. Martens hires a new Chief Brand Officer
Dr. Martens has appointed a new Chief Brand Officer (CBO) and a new manager for the Americas. Carla Murphy will be joining the British bootmaker in July as CBO. “Carla will be responsible for driving our brand strategy, vision and creative direction, and will oversee our global product, strategy, marketing, ...
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ArticleUS court rules Trump cannot impose trade tariffs
The United States Court of International Trade ruled that President Donald Trump did not have the authority under the International Emergency Economic Powers Act (IEEPA) to impose on April 2 so-called reciprocal tariffs on a string of countries. It also rejected separate tariffs imposed on China, Mexico and Canada related ...
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ArticleTrump postpones plan to introduce 50% tariff on EU to July 9
The US President Donald Trump has postponed the deadline to introduce a 50 percent import tariff on goods from the European Union to July 9 from June 1, after speaking with Ursula von der Leyen, the president of the European Commission. “I received a call today from Ursula von der ...
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ArticleTwo-thirds of international firms are facing higher costs due to the trade war
Global businesses are facing surging costs and supply chain disruptions, prompting a strategic rethink of operations and planned investments due to higher tariffs and shifting trade policies, according to a survey carried out by the British bank HSBC. The survey involved 5,750 internationally exposed companies across 13 markets. “Two-thirds of ...
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ArticleDeckers’ Q1 sales seen rising less than expected as tariffs start to bite
Deckers Brands forecasted that sales in the first quarter ending June 30 will rise to $890-910 million from the $825 million reported the year earlier, falling below an analyst consensus for a top line of about $919 million. Deckers said the first-quarter forecast factored in the impact of US import ...
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ArticleAllbirds signs new distribution deals
Allbirds has signed distribution agreements for multiple countries in Central and South America as well as in Southern Europe, further expanding the global presence of the US footwear brand. Effective this spring, Kiwi Life Group becomes the exclusive Allbirds distributor in Central America, the Caribbean, Chile and Colombia, and Trendy ...
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ArticleCoats upbeat despite US tariff uncertainty
Coats said that its first-half results are on track to finish higher than last year, despite US President Donald Trump’s global tariff regime causing “elevated uncertainty” in a number of its markets. The industrial thread and footwear components maker said revenues in the four months to April 30 had risen ...
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ArticleShoe Zone stumbles to H1 loss on weaker demand, weather
Shoe Zone has swung to a half-year loss and scrapped its dividend, blaming weakening consumer confidence and unseasonal winter weather conditions in the first quarter, sending shares in the retailer crashing by a fifth. The British footwear retailer posted a pre-tax loss of £2.3 million (€2.72m) for the 26 weeks ...
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ArticleUS court rules that Iconix improperly terminated the Pony license with Fashion Footwear
A New York Appellate Court ruled that Iconix’s decision to end a footwear license agreement regarding the Pony brand with New York-based Fashion Footwear was “unlawful”, according to a statement released by Oved & Oved LLP, the law firm counseling Fashion Footwear. The law firm pointed out that it will ...
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ArticleClergerie is taken over by the Spanish company Petrel 92 SL
Clergerie has been taken over by the Spanish group Petrel 92 SL, but the future of the staff of the French manufacturer of luxury footwear remains uncertain. Petrel 92 SL’s takeover offer was placed after the commercial court of Romans-sur-Isère, France, announced on April 8 the liquidation of the French ...
