Latest Headlines – Page 8
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ArticleAllbirds signs distribution agreements for Europe and Latin America
Allbirds has signed agreements with distributors in Europe and Latin America as part of the expansion of its international distributor model. Effective July 1, 2025, Chris Sports will be the exclusive Allbirds distributor across Austria, France, Germany, Italy, Liechtenstein and Switzerland. Chris Sports, founded 30 years ago, is based in ...
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ArticleBFShow expects over 10,000 visitors
BFShow, the trade show promoted by the Brazilian footwear association Abicalçados in partnership with NürnbergMesse Brasil, will hold its third edition in São Paulo from Nov. 11 to 13 with the presence of 330 footwear brands and 238 exhibitors. The organizers said that they have invited 160 foreign buyers from ...
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ArticleWeyco sales slump amid lower demand, warm weather
Weyco generated sales of $74.3 million in the third quarter of 2024, down by 12 percent compared to the year earlier, driven by sharp declines in the wholesale business for its Nunn Bush, Stacy Adams and Bogs labels amid soft consumer demand as consumers made cuts in discretionary spending. Net ...
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ArticleLloyd Shoes changes name to Lloyd Lifestyle
The German shoemaker Lloyd Shoes has changed its name to Lloyd Lifestyle GmbH, reflecting the brand’s new direction, the company announced. The name change follows the acquisition by Swiss sports and lifestyle firm Arklyz AG and mirrors the company’s’ new strategic direction. “This change reflects the company’s strategic shift ...
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ArticleAsos’ loss widens as sales fall by 16% like-for-like
In the full year ended Sept.1, Asos’ adjusted revenues fell by 16 percent like-for-like to €2.896 billion (€3.450bn), in line with the guidance given in September. On a reported basis, the top line was down by 18 percent to £2.906 billion. The gross margin dipped to 43.4 percent from 44.2 ...
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ArticlePrimark sees 2025 sales up by about 5%
Primark is targeting a mid-single-digit sales growth rate in the fiscal year ending in September 2025 as it continues to open stores in growth markets in Europe and the US and to focus on an increase in like-for-like sales in more mature markets. ”This will be supported by investment in ...
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ArticleZalando swings to a third-quarter profit
Zalando posted a net profit of €44.3 million in the third quarter of 2024 against a net loss of €8.2 million a year earlier, driven by higher revenues and operating profits. The gross merchandise volume (GMV) rose by 7.8 percent to €3.5 billion and revenues increased by 5.0 percent to ...
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Mec Europa launches a training academy
Mec Europa Due, an Italian producer of luxury footwear based at Verolanuova, south of the town of Brescia, inaugurated a training academy called l’Accademia delle Arti e dei Mestieri. The academy will provide theoretical and on-the-job training. “The initiative is aimed at preparing new employees and younger workers to ...
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ArticleBoohoo appoints a new CEO snubbing Frasers
On Nov. 1, Boohoo appointed Dan Finley as its Chief Executive Officer with immediate effect. Finley is the CEO of Debenhams, Boohoo’s “fast-growing” digital department store. He will replace John Lyttle, who is stepping down after five years with the British fast fashion online retailer. Boohoo made the announcement after ...
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ArticleDune London’s parent company posted a full-year loss
Dune Topco, the parent company of the British footwear retailer Dune London, posted a loss in the full year ended Jan. 27, 2024, due to a difficult business environment. In the full year, sales were virtually unchanged, rising to £142.0 million (€169.4m) from £141.5 million the previous year, with like-for-like ...
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ArticleNice Footwear buys two Italian shoemakers
Nice Footwear has bought two shoemakers, Corrado Maretto and Dyva. Both companies specialize in luxury women’s footwear and are located in the footwear cluster of Riviera del Brenta in Italy’s northeastern region of Veneto. The terms of the deals were not released but the lender Banca Popolare di Sondrio partially ...
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ArticleRocky Brands sees FY sales falling to low end of guidance
Rocky Brands expects sales for the full year to come in at the low end of its $450 million to $460 million guidance range, down slightly from the $461.8 million reported last year, following a decline in third-quarter sales and amid expectations it will not be able to completely make ...
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ArticleCrocs cautious on FY sales outlook as Heydude recovery drags on, China growth slows
Crocs Inc. posted better-than-expected results in the third quarter ended Sept. 30, but management acknowledged that a turnaround at its Heydude brand is taking longer than expected, and it has become more cautious on prospects for China this year. As a result, the company now anticipates full-year sales growth at ...
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ArticleNeroGiardini sets its sights on the Far East
After the opening of its first shop in South Korea in March 2023, NeroGiardini inaugurated a second store in the country in September 2024 as part of its strategy of expanding in the Far East. The new shop was opened in the Lotte Department Store Myeongdong Main Branch, in the ...
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ArticleBoot Barn raises FY guidance as the CEO prepares to leave
Boot Barn said it was off to a “solid start” in its fiscal third quarter and raised its guidance for the full year in the wake of better-than-expected results for the second quarter ended Sept. 28. The strong showing came as Jim Conroy, the CEO and President, announced he was ...
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ArticleVF Corp.’s turnaround continues to take shape
VF Corp. continues to make progress on its turnaround plan, delivering sequential sales improvement, a year-over-year increase in gross margin, and a 13 percent reduction in inventories in the second quarter that ended September 30.
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ArticleDeichmann acquires the footwear rights of the Esprit brand
Deichmann has struck a deal to acquire the rights to Esprit’s footwear brand in Europe and the United States, marking a key step in the restructuring of the bankrupt fashion brand. The acquisition only pertains to Esprit’s shoe trademark rights – which Deichmann sees as a valuable addition to its ...
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ArticleSkechers sees India rebound as China stumbles in Q3
Skechers’ revenues in India jumped by 24 percent in the third quarter of 2024, rebounding after suffering in the previous quarter in the face of changing regulatory requirements, while sales in the Chinese market declined by 5.7 percent to $252.4 million as an economic slowdown in that market affects consumer ...
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ArticleCapri and Tapestry’s merger blocked by a US court
A US judge has blocked an $8.5 billion planned merger between the luxury goods groups Capri Holdings and Tapestry. Capri owns the luxury footwear brand Jimmy Choo as well as the fashion labels Versace and Michael Kors. Meanwhile, Tapestry owns the premium footwear group Stuart Weitzman and the fashion brands ...
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ArticleDeckers raises guidance as Hoka continues to shine in better-than-expected Q2
Deckers Outdoor raised sales and profit guidance for its full financial year as growth at its Hoka brand accelerated and it announced better-than-expected group results in the second quarter ended Sept. 30. Second-quarter revenues increased by 20.1 percent to $1.31 billion, above a $1.20 billion analyst consensus, with growth continuing ...
