All Article articles – Page 6
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ArticleShoe Carnival lifts earnings guidance as rebranding strategy gains momentum
Shoe Carnival raised its earnings guidance for the full year after posting higher-than-expected profits in the second quarter ended Aug. 2 as a strategy of rebranding stores to its premium Shoe Station label gained momentum. The footwear retailer now expects to report earnings per share of $1.70 to $2.10 for ...
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ArticleZegna’s H1 earnings lifted by exceptional items
Ermenegildo Zegna posted a net profit of €47.9 million in the first half of 2025 compared to €31.3 million a year earlier, driven up by the fair value remeasurement of liabilities for put options and a positive impact from foreign currency exchanges with the depreciation of the US dollar compared ...
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ArticleGolden Goose continues to post a double-digit growth rate
Golden Goose, the Italian brand of premium sneakers controlled by the investment firm Permira, said that in the first half of 2025 net revenues rose by 13 percent year-over-year at constant exchange rates to €342.1 million, driven by the direct-to-consumer (DTC) channel. In the sole second quarter, the top line ...
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ArticleMarc O’Polo expands in Europe with first store in Italy, new outlet in Poland
The Swedish-German fashion label Marc O’Polo is accelerating its European expansion with the opening of additional locations. The brand has entered the Italian market with its first flagship store in the country, located in the historic Palazzo Menz on Piazza Walther in Bolzano. The 215-square-meter space features Marc O’Polo’s men’s ...
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ArticleColombia poised to increase its exports
Colombia consumes 110 million pairs of shoes per year. However, its annual production capacity is only ten million pairs, of which three million pairs are exported. Despite the huge imbalance between domestic consumption and local manufacturing, the South American country is seeking to increase its exports, as its shoemakers have ...
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ArticleMicam to host 870 brands
Micam, scheduled to take place from Sept. 7 to 9 at the Fieramilano Rho exhibition center outside Milan, will host 870 brands, including 401 Italian ones and 469 foreign labels. The top five exhibiting countries after Italy are Spain, Turkey, Brazil, Germany and Portugal. Exhibitors will be presenting their ...
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ArticleGenesco raises sales outlook as Journeys' momentum continues but margins under pressure
Genesco raised its sales guidance for the full year, as the momentum of the Journeys banner continues to drive better-than-expected top-line growth. The footwear retailer now anticipates total sales growth for the year of 3-4 percent and comparable sales growth of 4-5 percent, an improvement on prior guidance for a ...
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ArticleId.Eight plans to double its sales and is open to new investors
Id.Eight, an Italian sneaker startup that uses waste materials, is aiming to double its revenues this year and continue expanding internationally. In 2024, A/Impact, a venture capital firm, backed by Avanzi - Sostenibilità per Azioni and the asset manager Etica SGR, decided to invest €350,000 in the company for its ...
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ArticleHow Stanbee uses innovation to cut component costs, improve athletic shoe performance
The US shoe component manufacturer Stanbee uses a patented foaming process to infuse nitrogen gas into the polymer core of its Nitro line of heel counters and toe boxes, replacing part of the core with gas to bring down costs and turn out a product that is lighter in weight ...
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ArticleGlobal footwear production rose by 6.9% in 2024
In 2024, global footwear production increased by 6.9 percent to 23.9 billion pairs, recovering from the 6 percent decline posted in 2023, according to the World Footwear Yearbook 2025 released by the Portuguese footwear association Apiccaps. The recovery was driven by stronger consumption in key markets, such as China, where ...
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ArticleGerman online retail rebound continues, footwear sales accelerate
Online sales in Germany continued to pick up through the first half of 2025 after a steady rise in the first quarter. Footwear sales, in particular, continued to outperform, according to a survey released by the federal association of e-commerce and mail order trade, BEVH. Total online sales ...
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ArticleAuthentic Brands Group takes over Guess
Guess has agreed to be taken private by a group of investors including Authentic Brands Group (ABG) in a deal valuing the American apparel company $1.4 billion, including debt. Under the terms of the deal, some of Guess’ existing shareholders, including Paul Marciano, Maurice Marciano, Nicolai Marciano and the company’s ...
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ArticleBirkenstock’s sales lifted by higher volumes and average selling price
In the fiscal third quarter ended June 30, Birkenstock Holding, the UK-based parent company of the German sandal maker, posted revenues of €635.0 million, up by 12 percent on a reported basis and by 16 percent in constant currency rates compared to the previous year. Revenue growth was supported by ...
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ArticleGabor launches a new brand strategy, cuts jobs at its Portuguese plant
The German footwear manufacturer Gabor Shoes is revamping its brand identity for the spring/summer 2026 season in a bid to expand its international footprint and customer base. The new brand strategy, “Gabor One,” aims to unify its digital and physical presence across products, packaging and marketing materials, with a focus ...
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ArticleWolverine launches a junior board
Wolverine Worldwide launched an inaugural junior board, an advisory body consisting of 11 early-career professionals “responsible for elevating the voices and perspectives of the company’s emerging talent and further strengthening its culture of innovation and collaboration,” according to a statement. The members of the junior board were selected after an ...
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ArticleSabu reports steady performance for 2024 after a record 2023
The German shoe retail cooperative Sabu reported stable results for 2024, with its wholesale unit, Sabu Schuh & Marketing GmbH, posting a sales drop following record figures in 2023, while Unitex GmbH saw an increase in sales. Sabu said it was satisfied with the overall performance and confirmed that member ...
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ArticleYue Yuen’s manufacturing business underpins revenues
Yue Yuen recorded higher shipment volumes, driven by increased orders from multiple brands in the first half of 2025, as well as a rebound in average selling prices. However, the world’s largest manufacturer of footwear was again saddled with uneven production leveling and higher labor costs, both of which ...
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ArticleSkechers surprises with strong Q2
After a varied start to the year, Skechers surprised with strong momentum in the second quarter – thanks mainly to a boom in demand in Europe and positive currency effects. While US markets are stagnating and China is weakening, the company is benefiting from its strong international presence. Sales rose ...
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ArticleTrump extends tariff truce with China for 90 days
The US president, Donald Trump, has extended the trade tariff truce with China for 90 days, which was due to expire Aug. 12. The new deadline for the world’s two largest economies to reach a trade agreement is now Nov. 10. “I have just signed an Executive Order that will ...
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ArticleAzzas 2154’s adjusted footwear sales rise slightly
The Brazilian footwear and apparel group Azzas 2154 said that gross revenues for its footwear and accessories business unit fell by 2.0 percent in the second quarter of 2025 compared to the year earlier, reaching 1,105 million reais (€173.2m). But, when adjusted to only continued brands, the top line of ...
