Latest Headlines – Page 80
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ArticleA strong quarter and a new CFO for Boot Barn
Boot Barn posted a strong recovery from last’s year Covid-19-related lockdowns and appointed a new chief financial officer. Net sales of the California-based shoe retailer were $312.7 million in the second fiscal quarter ended Sept. 28, up from by 69.5 percent year-over-year and up by 67.1 percent from the same ...
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ArticleSkechers sees 19% sales gain in Q3, but supply chain woes will stretch into 2022
Skechers saw revenues in the third quarter ended Sept. 30 rise by 19.2 percent to a record $1,551 million, an achievement that the company described as “remarkable” amid supply chain bottlenecks that have constrained sales growth and are seen extending into 2022. At constant currency rates, sales rose by 17.1 ...
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ArticleDeckers’ Q2 sales grow by 16% on Hoka’s gains, but margins are squeezed
Deckers Brands saw revenues increase by 15.8 percent to $721.9 million in its second quarter ended Sept. 30, led by the continued strong performance of its Hoka brand, but delays in deliveries capped top line growth at Ugg. On a constant-currency basis, revenues increased by 14.8 percent, but net earnings ...
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ArticleItalian luxury sector expects a rebound in U.S., European sales
Italian luxury firms are currently focusing on the Asia Pacific region but they expect a sales rebound in key markets such as Europe and the U.S. following the slump caused by the Covid-19 pandemic. An omnichannel strategy will remain a key driver to reap the benefits of the expected growth, ...
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ArticleEmerging designer: Marcus Alexander launches on Stitch Fix
On Oct. 8, rising shoe designer Marcus Thomas, CEO & Creative Director of Marcus Alexander, saw four of his sneaker designs launch on Stitch Fix, the U.S.-based online personalized shopping site, which is also available in the U.K. U.S.-born Marcus Thomas, along with five other entrepreneurs in fashion, is the ...
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ArticleZalando more than triples its fleet of Magazino robots
Zalando has ordered 20 order picking robots specifically designed for the footwear industry from the German start-up Magazino. Zalando, which has invested in Magazino, initially bought two of the robots called Toru in 2018, before increasing the fleet by an additional six in 2019. Once the latest robots are fully ...
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ArticleAllbirds valued up to $2.2bn in IPO
Allbirds, the loss-making, B Corporation certified Californian brand of footwear and apparel, has set a price range of $12.00 to $14.00 dollars per share for its initial public offering (IPO), valuing the company up to $2.2 billion. The company applied to list its Class A common stock on The Nasdaq ...
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ArticleStella remains ‘cautiously optimistic’ for the remainder of 2021
The Hong Kong-based footwear manufacturer and retailer Stella International has posted a 27.5 percent year-over-year increase in third quarter revenues to $439.3 million. The quarter marked a slowdown from the first half, due to a tougher comparative basis. In the first nine months of the year, the top line grew ...
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VF raises FY outlook although supply chain strains cap Q2 sales growth
VF Corp. improved its guidance for this year’s revenues to $12.0 billion from $11.8 billion despite an operating environment that was more challenging than expected in the second quarter. The overall quarterly revenues of the group - which owns brands such as Vans, The North Face, Timberland, Icebreaker, Smartwool and ...
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ArticleCasual footwear market fell by 13.1% in 2020
According to a study conducted by Shoe Intelligence in collaboration with Sporting Goods Intelligence, the branded casual footwear market fell by 13.1 percent in terms of invoiced dollars to an estimated level of $18.33 billion in 2020 due to the devastating impact of the Covid-19 pandemic on retailing and demand. ...
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ArticleCCC Q2 sales up by 41%
The Polish footwear and apparel group CCC said that in the second quarter ended in July it posted record quarterly sales of 2,048 million zloty (€444.4m-$517.7m), up 41 percent from a year earlier. Compared with the second quarter of 2019, the top line was up by 5 percent. The group ...
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ArticleCrocs posts an Ebit margin of over 32% on higher sales
Performing better than what analysts had estimated, Crocs reported a sales increase of 73.0 percent in the third quarter to a record level of $625.9 million, with a gain of 72.2 percent on a constant-currency basis. The company posted an exceptionally high operating margin of 32.2 percent, up from 19.9 ...
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ArticleEurope, U.S. reach a deal defusing their trade dispute
The U.K., France, Italy, Spain, Austria and the U.S. have reached an agreement under which the European countries will drop their national digital services taxes as they prepare to implement a new global corporate tax defined through the Organisation for Economic Co-operation and Development (OECD). A two-year transition period for ...
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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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ArticleMicam sets dates for 2022
Micam, the footwear trade show which is held at the Fieramilano Rho exhibition center at the outskirts of Milan, has released the dates of its two editions scheduled in 2022. For the first edition scheduled from Feb. 20 to 22 and focusing on the fall/winter 2022-2023 season, the organizers unveiled ...
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ArticleClarks distribution center strike continues over fire and rehire threat
Workers at the British shoe maker Clarks are continuing their strike action over threats to fire them if they reject new contracts on lower pay, with the company claiming it had made “significant concessions” in recent days. The strike started on Oct. 4 when more than 100 staff walked out ...
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ArticleSpanish shoemakers expect to emerge from Covid-19 crisis by 2022
The Spanish footwear industry suffered severely from the outbreak of the Covid-19 pandemic in 2020 but has since enjoyed a 35 percent rebound in production during the first half of 2021. In an interview with Shoe Intelligence, Imanol Martínez, the marketing & international business development director of the Spanish footwear ...
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ArticleC-Suite interview: UFG plans to continue expanding its brand portfolio
The Dutch company Unlimited Footwear Group (UFG) is in talks regarding the possible acquisition of two brands and of a license agreement. Any deal is expected to be struck by the end of the year, Bart van Helvoirt, co-founder and CEO of UFG, explains in an interview with Shoe Intelligence. ...
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ArticleEmerging designer: Arnaud Barboteau puts old tires back on the road
O.T.A. Paris, the brainchild of Arnaud Barboteau, was one of the 12 international up-and-coming footwear brands showcased on the Emerging Designers stand at the Micam footwear show at the Rho Fiera Milan fairgrounds from Sept. 19-21. Featuring soles made from redundant vehicle tires, O.T.A. Paris sneakers are distributed in 14 ...
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ArticleEobuwie issues convertible bonds for SoftBank
Eobuwie, the online retailer owned by the Polish group CCC, has sold 500 million zloty (€109.4m-$129.1m) worth of bonds to SoftBank Vision Fund 2. The proceeds of the bonds will help finance Eobuwie’s international expansion. The online retailer plans to more than double its annual sales to PLN 5 billion ...
