Latest Headlines – Page 43
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ArticleVF shareholder pushes for turnaround plan
In a presentation, California-based activist investor Engaged Capital outlined that the parent company of Vans, The North Face (TNF), Timberland, Supreme and others is suffering from bloated overhead that is driving down shareholder value and called for a more detailed turnaround plan for VF Corp. It said that the overhead ...
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ArticleSalamander and Klauser find a new owner
The German footwear retailers Salamander Deutschland GmbH & Co KG and Schuhhaus Klauser GmbH & Co KG have found a new owner. Prime Footwear Investors AG, backed by a group of experienced managers and retail experts, is taking over the two companies, according to the insolvency administrator Christian Holzmann. A ...
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ArticleFirst Italian companies ready for ESG certification under trade association’s aegis
Out of the nine companies that have engaged into a self-assessment of environmental, social and governance (ESG) performances under the aegis of Assocalzaturifici, the Italian footwear association, three are now ready to enter the certification phase. The audit phase, which will be carried out by ICEC, an independent certification institute ...
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ArticleShoe Zone's FY revenues rise 6.1%
Shoe Zone said that in the full year ended Sept. 30 revenues increased by 6.1 percent year-on-year to £165.7 million (€190.9 million), with store revenues growing to £134.8 million (€149.6m) from £129.8 million and digital revenues increasing to £30.9 million (€35.6m) from £26.4 million. Digital revenues now represent 18.7 percent ...
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ArticleFrasers to acquire SportScheck in Germany
The British retailer Frasers Group has entered into a binding agreement with Signa Retail Department Store Holding GmbH to acquire SportScheck, one of the leading sports retailers in Germany. Completion of the transaction will be subject to regularory clearance. Frasers expects the transaction to close in the first quarter of ...
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ArticleCCC Group posts softer sales in Q3 led by the CCC and eobuwie banners
With most of its fiscal third quarter over, CCC Group has registered softer sales, amid above average temperatures through September and weakened “but slowly recovering” consumer demand. In the period from Aug. 1 to Oct. 10, sales at the Polish footwear and fashion group were down by 4 percent compared ...
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ArticleThe Chinese brand Zuliz opens its first store abroad
The Chinese footwear brand Zuliz has opened a store in Singapore, its first outside China as it starts its internationalization. The store was opened in the mall Chinatown Point. During the soft opening period that ran from Oct. 1 to Oct. 6 the store exceeded $17,600 (€12,200) in revenues. It ...
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ArticleBrazilian shoemakers are relying on domestic demand to grow
Brazilian footwear manufacturing are having to rely on domestic consumption, which is supported by growing purchasing power, to bolster production this year as exports drop due to weaker demand in key markets such as the U.S. and the return of Chinese companies on international markets after having been constrained by ...
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ArticleA weak ruble pushes up footwear prices in Russia
Russian footwear retailers anticipate prices to soar in the next few months following the weakening of the national currency. The Russian ruble has dropped by nearly 30 percent this year against the U.S. dollar as a result of a collapse in export revenues and growing budget spending, making it one ...
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ArticleDeichmann 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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ArticleWorld 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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ArticleC-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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ArticleSkechers 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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ArticleLVMH’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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ArticleFitFlop 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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ArticleANWR 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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ArticleCaleres 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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ArticleRussia 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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ArticleThe 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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ArticleSpartoo’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 ...
