Latest Headlines – Page 67
-
ArticleCapri plans to significantly boost shoe sales
Capri Holdings aims to significantly increase the footwear and accessories sales of its brands Jimmy Choo, Versace and Michael Kors, For Versace, footwear revenues are forecast to rise from $200 million in the full year ended April 2, 2022, to $300 million over time, while for Michael Kors shoe sales ...
-
ArticleGoogle installs seamless shopping with new Shopify tool on Youtube
By installing a new Shopify connection on Youtube, the internet company is expanding the business opportunities for content creators, like influencers and brands. Up to now, Youtube creators were able to promote and sell products in live videos on Youtube – but for the purchase transaction, a change of platforms ...
-
ArticleItalian footwear sales slow down due to war in Ukraine
Revenues of Italian footwear manufacturers are estimated to have risen by 8.1 percent in the first half of 2022 following a sharp slowdown in sales during the second quarter due to Russia’s invasion of Ukraine on Feb. 24. According to a survey carried out by Confindustria Moda’s research center among ...
-
ArticleFootwear stocks track global markets lower in Q2
In the second quarter of 2022, footwear stocks declined significantly in line with global markets, which suffered their strongest pullback in decades. In the U.S., the S&P 500 index posted its worst performance in the first half of the year since 1970. Global markets were hit by raising inflation, a ...
-
ArticleSinking euro signals EU’s slowing economic growth
For the first time in nearly two decades, the euro and U.S. dollar yesterday nearly reached 1-for-1 parity. That suggests a recession is on the horizon for the European Union, contends some economists. Experts contend there are several reasons the euro against the dollar has depreciated 12 percent since the ...
-
ArticleC-Suite interview: Bioeco gears up for big push in Europe, prepares to test the U.S. market
Bioeco by Arka 1927, the brand of the Polish company Arka, is looking for agents in Germany, France, Spain and Italy as it readies for a big push in sales. The company will also be present at Magic Las Vegas, scheduled from Aug. 8 to 10, to test the U.S. ...
-
ArticleAlibaba sheds light on B2B e-commerce trends and needs
The Covid-19 pandemic has accelerated the uptake of e-commerce for business-to-business transactions and the majority of companies have shifted their go-to market model from traditional to digital. The shift has fostered new needs both for sellers and buyers which must be taken into account. This was the takeaway from a ...
-
ArticlePakistan is benefiting from a shift out of China
In an interview with Shoe Intelligence, Ahmed Fawad Farooq, secretary general of the Pakistan Footwear Manufacturers Association (PEMA), has outlined how Pakistan is benefiting from a transfer of production out of China and is seeking to beef up its footwear industry to meet growing demand. Many industry experts have indicated ...
-
ArticleCoats takes over Texon as it expands into footwear
The British industrial thread manufacturer Coats is significantly increasing its presence in the footwear industry with the acquistion of Texon, a U.S. footwear solutions provider. Coats is buying Texon at an enterprise value of $237 million and a total net cash consideration of $211 million. The acquisition is based on ...
-
ArticleHotter Shoes parent unveils partner brands for fashion, lifestyle platform
Hotter Shoes parent company Unbound Group has unveiled the names of brands that will feature on its new fashion and lifestyle platform for its core customer demographic aged 55 years old or more. The site will start on July 28. The group is initially launching the offering in the fashion ...
-
ArticleBrazil footwear exports continue to rise strongly
In May, Brazilian footwear exports rose by 19.8 percent in volume to 10.5 million pairs and by 59.5 percent in value to $104 million, according to data released by the Brazilian footwear association, Abicalçados. In the first five months of 2022, footwear exports rose by 30.2 percent in volume to ...
-
ArticleKohl’s terminates talks to be bought by Franchise Group
The U.S. department store retail chain Kohl’s has put an end to talks to be taken over by the Franchise Group (FRG) at $60 a share. The offer valued Kohl’s at about $8 billion. Kohl’s said that its board “unanimously determined to conclude its strategic review process. The current financing ...
-
ArticleSaye sees 2022 sales reaching €8m on new model launches
Saye, a fast-growing Barcelona-based company specialized in sustainable footwear, posted sales of €5 million in 2021, up by 80 percent year-over-year, and expects the top line to reach more than €8 million this year. Growth will be supported by the launch of four new models in the coming months compared ...
-
ArticleHow Dr. Martens is handling the refurbished market
With consumers starting to tighten their belts and seek value amid rising prices and inflation, the iconic British shoe and bootmaker Dr. Martens is looking to step into the refurbished product market with a trial repair and resale service. The company has teamed up with online secondhand clothing marketplace Depop, ...
-
ArticleZalando cuts its FY guidance again
Zalando has further cut its full-year guidance as macroeconomic conditions deteriorated in the second quarter. The company had already issued a profit-warning in May with the release of its first-quarter results, which included the first decline in quarterly sales of the history of the German online fashion retailer. For the ...
-
ArticleEU to use trade agreements to promote sustainability
The European Commission said that it took ”a major step in making EU trade greener, fairer and more sustainable” thanks to a new plan to enhance the contribution of trade agreements in protecting the climate, environment and labor rights worldwide. In a communication on “The power of trade partnerships: together ...
-
ArticleJD Sports’ FY earnings surge
In the full year ended Jan. 29, JD Sports Fashion’s basic earnings per ordinary share rose to 7.17 pence (8.4 euro cents) from 4.61 pence as revenue grew to £8.563 billion (€9.977 bn) from £6.167 billion. Adjusted earnings per ordinary share doubled to £12.84 pence (€14.90) from 6.44 pence. The ...
-
ArticleC-Suite interview: Safety Jogger to launch a workwear collection in November
Safety Jogger, the leading brand of the Belgian footwear and apparel company Cortina, is diversifying into workwear after having entered the outdoor market with the Safety Jogger Adventure footwear collection launched in May. The workwear range, which will include 6,000 stock-keeping units (SKUs) of footwear, apparel and accessories, will be ...
-
ArticlePrimark to trial a click-&-collect service in the U.K.
The clothing, shoe and accessories retailer Primark is making its first move into online shopping in the U.K., where it will trial a ‘click-and-collect’ service as it reported a sharp rise in third-quarter sales. The company, owned by Associated British Foods (ABF), is launching the trial at 25 stores in ...
-
ArticleExpo Riva Schuh continues to expand its International reach
The summer edition of Expo Riva Schuh & Gardabags, which was held from June 11 to 14 in Riva del Garda, Italy, was a vibrant event and a throwback to the pre-pandemic days when trade shows were paramount in aggregating the footwear business community. Obviously, the trade fair continued to ...
