Shoe Intelligence Executive Edition: Vol. 25 - 17+18

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Indian footwear sector revenues seen up 11% driven by higher prices | How after a stellar 2022, Spanish shoemakers are facing a challenging environment | How Turkey is still benefiting from Covid-19 reshoring, even if some production has returned to the Far East | Sergio Rossi boosts H1 sales | Ferragamo’s sales weakness expected to continue until Q4 | Russian footwear retailer Kotofey speeds up expansion program | Baozun to buy 51% stake in Hunter’s IP in Greater China, Southeast Asia | Wolverine sells Hush Puppies IP in China, Hong Kong, Macau, divests U.S. leather business | Stella improves its operating margins in H1 | Soft global footwear demand continues to impact Yue Yuen | Caleres maintains guidance as profits increase in Q2 despite ‘choppy’ market | Wolverine’s new CEO to spearhead turnaround as Q2 results tumble | Steve Madden’s expects an improvement in H2 after Q2 sales fall 17% | Schuh shines for Genesco in Q2, but company retains ‘cautious’ FY view | Shoe Carnival cuts guidance again but makes inroads among higher-income customers | Weyco posts higher profit, margin despite lower Q2 sales | Tapestry to buy Capri in a deal worth $8.5bn | Foot Locker suspends dividend payments amid falling sales | Boot Barn’s Q1 sales rise, beating the company’s forecast | KYX re-emerges as a platform for secondhand sneakers | Grendene is optimistic about H2 despite a weak Q2 | Arezzo continues to book record sales | Frasers increases its stakes in Boohoo and Asos | Next hikes stake in Reiss to 72%

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