All Article articles – Page 8
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ArticleDeckers’ Q1 sales jump 17% as international business outperforms, tariff costs grow
Deckers Brands saw sales in its first quarter ended June 30 jump by 17 percent to $965 million, $55 million above the top end of its sales guidance, as both its Hoka and Ugg brands did better than expected and management highlighted sales growth in Europe and China. Sales at ...
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ArticleGerman shoe sales drop to €9.5bn in 2024
The German footwear market faced another challenging year in 2024, as persistent consumer caution and shifting spending priorities led to a modest decline in overall sales amid rising prices and the impact of global crises, a survey showed. Sales across the industry fell to €9.5 billion last year, down by ...
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ArticleUK and India sign a free trade agreement
India and the UK, estimated to respectively the 5th and 6th largest economies in the world, have signed a free trade agreement (FTA). “A new chapter begins today in the India–UK economic partnership! The signing of the Comprehensive Economic and Trade Agreement (CETA) reflects our shared commitment to enhancing trade, ...
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ArticleAssocalzaturifici celebrates 80 years and repositions Micam
This year marks the 80th anniversary of Assocalzaturifici, the Italian footwear association, as well as the 100th edition of Micam Milano, scheduled to take place Sept. 7 to 9 at the Fieramilano Rho exhibition center outside Milan. Anci Servizi, Assocalzaturifici’s commercial arm, organizes various events, including Micam. Under the leadership ...
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ArticlePiccadilly aims to double exports by 2028
Piccadilly aims to almost double its footwear exports by 2028, despite the possibility of a sharp increase in US trade tariffs. The US is the largest export market, in value, for Brazilian shoemakers. Piccadilly anticipates its overall exports to rise from 2.5 million pairs in 2024 to 4.3 million in ...
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ArticleMass plans to triple revenues thanks to support of a private equity firm
Advance Capital Partners, a Slovenian private equity firm, has reached a deal to acquire a 60 percent stake in Mass in order to finance the development of the Slovenian footwear retailer across Central and Eastern Europe and triple its revenues in five years. The deal is expected to be finalized ...
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ArticleBos Group obtains the footwear license for PME Legend
The Dutch fashion retailer Just Brands has signed a long-term licensing deal with Bos Group International, granting the latter exclusive distribution rights for PME Legend shoes across Europe. The transition is aimed at bolstering PME Legend’s growth and brand presence in the European footwear market. Under the agreement, Bos Group ...
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ArticleCoats buys OrthoLite
Coats, a British manufacturer of industrial threads and footwear components, signed a definitive agreement to acquire OrthoLite Holdings, a leading US manufacturer of open-cell foam insoles, for an initial enterprise value of $770 million. The transaction, which also includes Cirql, a new biodegradable midsole technology backed by over 80 ...
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ArticleBrazil’s footwear exports rise by nearly 9% in volume in the first half
In the six months of 2025, Brazil exported 52.7 million pairs of shoes, up by 8.8 percent year-over-year, generating $497.34 million in revenues, up by 3.0 percent. In the sole month of June, exports also grew by 24.5 percent year-over-year to 6.87 million pairs, resulting in $70.17 million in revenues, ...
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ArticleAllbirds signs up three new distributors
Allbirds has struck deals with three new distributors, raising its worldwide total to 16. Beosport will be the exclusive Allbirds distributor the Balkans as of January 2026, 911 Fashion will be handling Israel as of October 2025, and Tradist Distribution will be overseeing Turkey and Central Asia as of ...
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ArticleDr. Martens trading in line with expectations
Dr. Martens said that trading since the start of its financial year has been in line with expectations and its full-year guidance remains unchanged. The fiscal year of the British footwear company runs until the end of March 2026. The company said that it continued to see positive trading in ...
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ArticleUS threatens Brazil with a 50% tariff
The US President Donald Trump said that starting Aug. 1 Brazilian exports to the US will face a 50 percent tariff. The levy, referred to as a reciprocal tariff, is ”separate from all sectoral tariffs,” according to a letter sent to the Brazilian President Luiz Inacio Lula da Silva. The ...
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ArticleC-Suite interview: Blusun enters second year looking to ramp up sales, expand outside of Europe
When Dirk Pfeffer and Silvia Brindlmayer set up their barefoot footwear brand Blusun last year, they knew what they wanted and what they did not. At the heart of their vision were shoes featuring high quality materials, reasonable prices and a sustainable and socially responsible supply chain. Pfeffer and Brindlmayer ...
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ArticleSchuh Graf files for bankruptcy
Schuh Graf has filed for bankruptcy and initiated restructuring proceedings under self-administration as persistently adverse market conditions continue to put a strain on the German shoe retailer. The Stuttgart District Court granted the application and appointed Tibor Daniel Braun, from the Stuttgart-based law firm Illig Braun Kirschnek, as the provisional ...
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ArticleOnygo files for insolvency after failed rescue attempt
The German shoe and fashion retailer Onygo, previously owned by Deichmann, has filed for insolvency proceedings under self-administration with the Hamburg District Court after a recent rescue attempt proved unsuccessful. All 23 stores nationwide and 150 employees are affected. In October 2023, Deichmann announced that its sneaker and streetwear ...
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ArticleChina is expected to see a significant decline in its exports as a result of the trade war
The introduction of higher import tariffs by the US is expected to lead to a significant decline in China’s market share in global footwear exports, but the Asian powerhouse will remain the world’s leading manufacturer for the foreseeable future as the efficiency of its manufacturing base continues to attract buyers, ...
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ArticleLeder & Schuh reports moderate sales growth
Leder & Schuh increased its sales in 2024 as the launch of a new private label, the further expansion of its store network and an optimization of its product range helped spur growth. Last year, sales increased by approximately 1.1 percent year-on-year, reaching €371 million, while the gross profit ...
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ArticleThe US and Vietnam reach a trade agreement
The US has reached a trade agreement with Vietnam which is seen as open to intepretation and detrimental to China. It is the second trade deal struck by the North American powerhouse, after the agreement with the UK, since the US administration announced a review of arrangements with its trade ...
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ArticleGerry Weber closes all its stores
Gerry Weber is shutting down all its remaining stores in Germany and Europe and selling its trademark rights to the Spanish Victrix Group. The demise of the German fashion group is the result of the latest insolvency proceedings, the third in just a few years, and its unsuccessful restructuring efforts. ...
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ArticleAllbirds sets up new financing agreements
Allbirds entered new financing agreements to optimize its working capital and enhance its financial flexibility to support long-term growth plans. A new $75 million asset-based revolving credit facility with Second Avenue Capital Partners, consisting of a $50 million tranche and a $25 million accordion feature, replaces the company’s previous $50 ...
