All Hotter Shoes articles – Page 2
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ArticleHotter sales surge as shift to digital pays off
Hotter Shoes reported a surge in first-half sales after it overhauled its channel strategy to focus on digital sales. In the first half of fiscal 2022, which ended in July, U.K. sales surged by 39 percent year-over-year to £25 million (€29.2m-$33.8m). The British footwear company posted earnings before interest, tax, ...
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ArticleHotter Shoes increases outdoor, active models in autumn/winter collection
The British footwear brand Hotter Shoes has decided to take advantage of the surge in people taking more exercise during the Covid pandemic by focusing on outdoor and active additions to its autumn/winter range. The omnichannel firm has added 18 styles to its active range out of 34 new designs ...
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News briefs
Hotter uses BASF’s Infinergy in comfort shoe range
The British footwear retailer Hotter Shoes has struck a deal to use BASF’s Infinergy material in its range of comfort shoes. Hotter has included the material in more than 41 styles to complement the brand’s own Cushion+ technology and is aiming the collection at its core audience of over 55s, ...
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ArticleHotter Shoes in online partnership with John Lewis
From October, Hotter Shoes, a British brand of comfort footwear, will start selling its products via the online platform of the British department store group John Lewis. The move is part of Hotter’s strategy to reach more consumers within its core demographic of over 55 years old and it will ...
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ArticleHotter Shoes outperforms U.K. retail sector
The British comfort footwear brand Hotter Shoes reported a strong increase in sales during the month of July, despite the overall weak performance of U.K. retail since stores reopened in April after a Covid-19-related lockdown. The company said July sales increased 24 percent against June. Total sales were up 82 ...
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ArticleHotter’s parent to diversify into apparel and wellness brands
Electra Private Equity, the parent company of the British brand of comfort footwear Hotter Shoes, will undergo a radical transformation that will result in it expanding its offering beyond footwear to include apparel and wellness brands as well as complementary third-party labels. The company will be targeting consumers aged over ...
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ArticleHotter slated for stock market listing in the fourth quarter
Electra Private Equity plans to list Hotter Shoes on the AIM segment of the London Stock Exchange in the fourth quarter of this year as part of its efforts to maximize the value of its investments and return cash to shareholders. The private equity also intends to ...
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News briefsHotter owner prepares to sell the company
Electra Private Equity has hired the investment bank Stifel Nicolaus Europe to prepare the sale of Hotter Shoes . The timing of the disposal will be determined over the coming months as trading patterns normalize in Hotter’s new business model focused on direct to consumer channels predominantly in the ...
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ArticleHotter Shoes to close 46 stores as CVA approved by creditors
UK footwear chain Hotter Shoes will press ahead with plans to close 46 stores after creditors approved a Company Voluntary Arrangement (CVA) to restructure the firm during the coronavirus pandemic. The CVA was approved by 99.5 percent of voting creditors, including an “overwhelming majority of landlords”, passing the ...
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Article
Hotter Shoes submits debt restructuring plan to creditors
UK footwear chain Hotter Shoes has reportedly gone ahead with plans to file a company voluntary arrangement (CVA) proposal to creditors and shareholders seeking approval to close 46 stores as it deals with the impact of the coronavirus pandemic. The plan would leave the company, owned by Electra Private ...
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