All Article articles – Page 75
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ArticleHow DIS reinvented itself after being hit by Covid-19
Design Italian Shoes (DIS) suffered severely from Covid-19-related lockdowns, which stopped clients from visiting stores fitted with its feet scanners and ordering customized shoes. In dire straits, the company, led by the brothers Andrea and Francesco Carpineti, had to re-invent itself and is now a thriving technological startup. “2021 was ...
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ArticleOver 12 million pairs of Havaianas sold in EMEA in 2021
Havaianas, the Alpargatas-owned sandal brand, generated the equivalent of €115.4 million in revenues in Europe, the Middle East and Africa (EMEA) last year, representing a 35 percent year-over-year increase. Results were driven by the Sparkle flip-flop line and the Beyond Core category that grew 28 percent in unit volume. The ...
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ArticleInflationary pressures are mounting across the board
Thanks to the collective work of the editorial teams of Shoe Intelligence and its sister publication Sporting Goods Intelligence Europe, we have put together a comprehensive analysis of the impact of inflation on the footwear industry. We tried to cover the economic, industrial, financial and some social aspects of inflation ...
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ArticleStuart Weitzman sales return to pre-Covid levels
Stuart Weitzman, the footwear brand of the U.S. fashion group Tapestry, returned to pre-Covid sales levels in the second quarter ended Jan.1, and posted an operating profit. In the quarter, Stuart Weitzman increased sales to $115.8 million from $84.5 million. At constant currency rates, sales were up by 37 percent ...
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ArticleCovid to cost $9-17 bn to North American footwear, apparel industry in 2022
The Covid-19 pandemic could lead to $9-17 billion in lost Ebitda in 2022 for the North American apparel and footwear industry, which generates about $400 billion in annual revenues, according to the findings of the consultancy Kearney published in a survey titled ”The Cost of Covid for North American Apparel ...
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ArticleMillennials and Gen Z are more likely to embrace luxury than older generations
As a new generation of younger, digitally-savvy shoppers comes to the fore in the luxury marketplace, new trends are emerging, a survey conducted by the Swedish retail banking, payment and shopping service Klarna showed. These include a stronger focus on sustainability, which leads to favor quality products that will last ...
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ArticleNew global store concept for Hoka launched in Asia
Green Room, an experimental design agency based in Birmingham, England, has partnered with footwear and apparel brand Hoka One One to develop a new global store concept that has been launched first in China and Southeast Asia. The partnership has developed a community-focused retail concept that will be rolled out ...
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ArticleTurkish footwear manufacturers are benefitting from a reshoring from the Far East
Exports of Turkish footwear rose by 22.9 percent in 2021 to over $1 billion for the first time. Overall exports of leather and leather goods reached $1.73 billion, with footwear representing 58.3 percent of the total. Russia was the main export market for Turkish shoes, up by 24.5 percent to ...
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ArticlePriceRunner sues Google for at least €2.1bn
The Swedish price comparison firm PriceRunner is suing Google for a preliminary amount of almost €2.1 billion at the Patent and Market Court in Stockholm. It claims that the U.S. company is overcharging European consumers, especially for apparel and footwear. The lawsuit follows the conclusion of the European General Court ...
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ArticleSkechers sets its sights on metaverse after a record 2021
Skechers revealed plans to seek growth opportunities in the metaverse after posting better-than-expected results in the fourth quarter of 2021 and sales records in every quarter of the year. Revenues in the three months ended Dec. 31 increased by 24.4 percent to $1,648 million, topping analysts expectations by about $100 ...
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ArticleUGG and Hoka grow but higher costs hit Deckers’ margins
UGG and Hoka One One drove Deckers Brands’ growth in the third quarter ended Dec. 31, but higher transport costs and supply chain bottlenecks impacted negatively on the company’s margins. The company noted that the most significant impact of supply chain disruptions are extended transit lead times and cost pressures ...
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ArticleCapri expects to post record full-year earnings
In the fiscal third quarter, Capri Holdings’ revenues and earnings exceeded the company’s own expectations. This prompted the luxury goods conglomerate, that owns Versace, Jimmy Choo and Michael Kors, to raise its full-year adjusted diluted earnings per share guidance to $6.00, the highest level in its history, while targeting double-digit ...
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ArticleHow supply disruption, inflation impact Valleverde’s international expansion
Valleverde, the Italian brand of comfort shoes, was a household name in its home country, underpinned by a vast network of directly-operated and franchised mono-brand stores and high-profile advertising campaigns featuring domestic and international celebrities such as the winners of the Miss Italia beauty contest and the Hollywood star Kevin ...
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ArticleBrazilian exports rise 32% in volume in 2021
In 2021, Brazilian footwear exports rose by 32.0 percent year-over-year in volume to 123.6 million pairs and by 36.8 percent in value to $900.3 million, according to data released by the trade association Abicalçados. When compared with 2019, exports grew by 7.3 percent in volume but fell by 7.4 percent ...
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ArticleANWR posted a decline in footwear sales in 2021
A diversification across many activities, industries and regions helped the ANWR Group weather the pandemic and offset a decline in the footwear business. In 2021, the group increased its revenues by 11 percent to €19.8 billion, thanks to the contribution of its financial services businesses DZB Bank and Aktivbank. In ...
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ArticleExpo Riva Schuh parent invests €25m to upgrade its exhibition center
Riva del Garda Fierecongressi is investing €25 million to upgrade the exhibition center where is organized twice a year Expo Riva Schuh & Gardabags, the footwear and accessories exhibition held in Riva del Garda, Italy. The company has already spent €9 million to buy hall D of the exhibition complex. ...
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ArticleNice Footwear posts positive results despite headwinds
Nice Footwear announced ”substantially positive” first-half results despite the negative impact of the Covid-19 pandemic and the rising of shipping costs and duties. In the six month ended Oct. 30, 2021, the Italian footwear group reported €14.8 million in total revenues, of which €7.37 million generated in Italy and €7.49 ...
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ArticleFerragamo Q4 sales up by nearly 21%
Salvatore Ferragamo reported preliminary results that showed that fourth-quarter sales increased by 20.8 percent year-over-year to €350.2 million, thanks to a strong contribution from North America and its digital channel. At constant currency rates, revenues were up by 23.5 percent. Analysts at the broker Websim said the Italian fashion house’s ...
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VF Corp. cuts sales guidance after a good quarter
VF Corp. - the owner of brands including Vans, The North Face and Timberland - cut its sales guidance for the financial year ending in March 2022 to $11.85 billion from a previous $12.0 billion, as it once again lowered the forecast for its Active segment while increasing that for ...
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ArticleH&M sales up 20% in December-January
Between Dec. 1 and Jan. 31, 2022, H&M expects sales in local currencies to increase by 20 percent compared with the same period last year. Despite the rise, it noted that the period was negatively affected by the latest wave of the Covid-19 pandemic in many of its larger markets. ...
