Latest Headlines – Page 13
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Deichmann names a new head of brand & licensing and ends the Onygo brand
The German shoe retailer Deichmann has appointed Dražen Pehar as its new head of brand & licensing, succeeding Jürgen Achenbach, who left the company in May to pursue a new role. Pehar, who has been working for the company since September, will be responsible for marketing activities for the ...
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World Shoe opens a shoe factory in Ghana
On Oct. 10, World Shoe announced the opening of its inaugural factory in Ghana to produce the first antimicrobial, eco-friendly footwear brand manufactured in Africa. ”The production launch represents a collaborative effort among public, private, and civil service sectors to provide high-quality, low-cost products for retail consumers throughout African and ...
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C-Suite interview: Italy shoe making is attracting investments but faces labor constraints
The Italian footwear industry is attracting investment from luxury goods brands and financial investors, which is bolstering its competitiveness. However, the industry’s development remains hamstrung by a lack of skilled labor, explains Giovanna Ceolini, the president of Assocalzaturifici, the Italian footwear association, in an exclusive interview with Shoe Intelligence. ...
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Skechers wins EU-wide injuction against Dockers by Gerli
Skechers has obtained a European Union-wide preliminary injunction against Dockers by Gerli for selling a shoe style that the U.S. footwear company claims infringes on its proprietary Skechers Hands Free Slip-ins designs. Skechers sued Dockers for design infringement in the Düsseldorf Regional Court, Germany. In an October 5, 2023 opinion, ...
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LVMH’s sales growth slows down in Q3
LVMH’s fashion and leather goods division posted revenues of €30.912 billion in the first nine months of 2023, up by a reported 11 percent and by 16 percent organically. However, third-quarter sales only rose by an organic 9 percent year-over-year compared with a 20 percent growth in the first half ...
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FitFlop picks Bleckmann as its logistics partner
The London-based footwear company FitFlop selected Bleckmann as its partner to provide omnichannel logistics for its clients in the U.K. and in the European Union. The five-year agreement is designed to support FitFlop’s “rapid growth in its home market while providing scope for streamline expansion across the EU,” according ...
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ANWR and Sabu maintain their trade fair pattern “for the time being”
After announcing in August plans to redesign the domestic trade fair landscape, the German footwear buying group ANWR and the German shoe retail cooperative Sabu now intend to maintain the existing model for the ”time being.” In their initial announcement, ANWR and Sabu said that they wanted to focus on ...
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Caleres to leverage lead brands to resume growth in 2024 after September sales disappoint
Caleres warned that its third-quarter and full-year sales are likely to come in at the lower end of guidance following a disappointing sales season in September, as unseasonably warm temperatures, higher interest rates and the impending Oct. 1 end to a student loan moratorium in the U.S. put a damper ...
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Russia mulls creating footwear clusters to boost local production
The Russian government is discussing the establishment of footwear clusters in the European part of the country, aiming to meet at least 10 percent of domestic demand. The clusters are planned in the Dagestan Republic, Rostov and Moscow province, or oblast, the Russian newspaper Izvestia reported, citing sources close to ...
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The stocks of footwear companies continued to be under pressure in Q3
The prices of stocks monitored by Shoe Intelligence fell by 7 percent on average in the third quarter of 2023 compared with the previous three months amid ongoing concern about the economic outlook due to weak demand, higher interest rates and stubborn inflation. In the second quarter, the panel was ...
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Spartoo’s H1 sales decline but earnings improve
In the first half of 2023, Spartoo saw its gross merchandise value (GMV) decrease by 2.6 percent compared to the year earlier to €101.6 million and revenues excluding value-added tax slipped to €72.9 million from €73.9 million. The percentage of GMV generated by brands owned by the French retailer increased ...
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Boohoo cuts its sales guidance
Boohoo has warned that full-year sales are likely to fall more than expected after a weak first half of the fiscal year. The British online fashion retailer said that in the six months to Aug. 31 revenues fell by 17 percent year-on-year to £729.1 million (€841.2m), with domestic sales down ...
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Birkenstock valued up to $9.2bn in IPO
Birkenstock has set a value of up to $9.2 billion at the top end of the price range for its initial public offering (IPO), or more than seven times its annual sales. Birkenstock Holding Limited, which is registered in Jersey and has its headquarters in London, has filed for an ...
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How a Malaysian shoemaker is hedging the China risk and trying to expand in the U.S. and Europe
Sweetkiss Shoes Footwear Co., a Malaysian incorporated footwear group known for its Dr Shooz brand, launched a new factory in Ho Chi Minh City, Vietnam, in July 2023 to supplement its Chinese facility, which is located in Guangzhou and has been operational since November 2012. Source: Sweetkiss Shoes ...
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Reno completes partial restructuring but creditors’ claims triple
The ailing German shoe retailer Reno has completed a partial restructuring, the insolvency administrator said. “It is a positive development for a procedure that initially offered little hope of an even remotely satisfactory result,” Immo Hamer von Valtier from the InsoTreu law firm said in a statement. “By ...
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C & J Clark International hit by post-Covid supply issues, but group results step ahead
C & J Clark International reported lower turnover and profits last calendar year as post-Covid pandemic supply chain issues hit stock availability. The company is the unit of the Clarks group that manages the activities in the U.K., all of the wholesale business in Asia as well as some of ...
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Asos lowers guidance as wet summer hits U.K. sales
The British online fast fashion retailer Asos said that operating profits for the full year will come in at the bottom end of expectations and free cash flow will be significantly lower than guidance after domestic sales in July and August were hit by wet weather. In a fourth-quarter trading ...
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a.k.a Brands in 1-for-12 reverse share split
a.k.a. Brands Holding Corp. will carry out a one-for-12 reverse stock split of its common stock, that will become effective on Sept. 29 at 5:01 PM Eastern Time, after the close of trading on the New York Stock Exchange (NYSE). On Oct. 2, 2023, the company’s common stock will begin ...
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Russian online retailer Lamoda plans to open 300 physical stores
Major Russian marketplace Lamoda plans to invest 30 billion rubles (€300m) over the next three years to open 300 brick-and-mortar stores in the country, partly taking over a former Adidas branch. The first 50 stores are expected to be operational by the end of 2023, a source close to the ...
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Leder & Schuh reports strong increase in sales for 2022
Austria’s Leder & Schuh, one of Europe’s largest shoe retailers, reported a strong increase in sales in 2022, confirming the previous year’s positive sales trend. Revenues rose to €351 million from €280 million in 2021, an increase of around 25 percent. The company’s gross profit rose to €147.5 million ...