Latest Headlines – Page 6
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ArticleNRW-Forum in Düsseldorf showcases sneakers in upcoming exhibition
From popular street shoes worn by billions of people throughout the world to cult objects that epitomize a lifestyle, reflect socio-cultural changes over the years, and even enter the realm of high fashion: sneakers take center stage at a new exhibition opening on Feb. 17 at the NRW-Forum in Düsseldorf, ...
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ArticleBoot Barn sees Q4 sales drop as same-store sale headwinds continue, bad weather hurts business
Boot Barn now expects sales for fiscal year 2024 to stagnate, once again cutting its top-line guidance as revenues from new stores are offset by a continued decline in same-store sales and after poor weather in January led to a “significant disruption” in business and contributed to a sharp decline ...
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ArticleH&M appoints a new CEO
The board of H&M Hennes & Mauritz has appointed Daniel Ervér, responsible for the H&M brand, as the new president and CEO of the Swedish fashion retailer, with immediate effect. He succeeds Helena Helmersson, who has decided to step down as CEO and leave the group. Ervér, born in 1981, ...
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ArticleHow Expo Riva Schuh continues to modernize and expand its international reach
Expo Riva Schuh & Gardabags and its stakeholders are investing to modernize the trade show and expand its pool of exhibitors and buyers. In an exclusive interview with Shoe Intelligence, Alessandra Albarelli, the general manager of Riva del Garda Fierecongressi, outlines the strategy enacted to enable the event to continue ...
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ArticleSanctions weigh on Turkish plans to expand exports to Russia
A fresh round of U.S. sanctions is reportedly jeopardizing the planned growth of Turkish footwear exports to Russia and other post-Soviet countries. Turkish footwear companies are looking to expand exports to Russia, Central Asia and the Middle East to compensate for the losses suffered in Europe, according to the Turkish ...
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ArticleThe stocks of footwear companies inched up in Q4
The prices of stocks monitored by Shoe Intelligence grew by 4 percent on average in the fourth quarter of 2023, compared with the previous three months, but trading remained volatile, with significant fluctuations among the companies of the cohort. The quarter was marked by the initial public offering (IPO) of ...
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ArticleTod’s hints at positive profit news as sales momentum continues
Diego Della Valle, the chairman and CEO of Tod’s, said he was “very positive” about profits and growth potential at the Italian fashion house after it reported 2023 figures that showed continuing sales momentum. Full-year sales increased by 11.9 percent last year to reach €1,127 million, growing by 14.0 percent ...
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ArticleC-Suite interview: Rohde enters the U.S. market and expands its European online business
Rohde is continuing its recovery by entering the U.S. market and expanding to most of Europe its business-to-consumer (B2C) online platform, which is currently limited to Germany. On May 3–4, 2023, Rohde took part as an “education sponsor” in the Leadership Conference of the US National Shoe Retailers Association held ...
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ArticleRevenues fall at Dr. Martens as U.S. business remains out of step
Dr. Martens’ revenues fell by a fifth during the key Christmas period because of continuing weak performance in the US and a slump in wholesale demand. The British footwear company, which issued four profit warnings last year, posted revenues of £267 million (€313m) for the last three months of 2023, ...
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ArticleEurope underpins Ferragamo’s sales
Salvatore Ferragamo’s total revenues in the fourth quarter of 2023 fell by 5.6 percent on a reported basis, and by 5.9 percent at constant exchange rates, to €312.5 million, roughly in line with market expectations. During the quarter, net sales, which exclude certain revenues such as licenses, registered a “positive ...
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ArticleBrazilian footwear exports collapse in December
In December, Brazilian footwear exports fell by 41.5 percent year-over-year in volume to 7.45 million pairs and by 33.3 percent in value to $73.44 million, according to data released by the Brazilian footwear industry association, Abicalçados. For the whole of 2023, exports dropped by 16.6 percent in volume to 118.34 ...
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ArticleBrazilian footwear firms expect to generate $19.6m in sales thanks to Expo Riva Schuh
At Expo Riva Schuh & Gardabags, the Italian trade show specializing in footwear, bags and accessories held from Jan. 13 to 16 in Riva del Garda, Brazilian exhibitors sold 223,000 pairs of shoes for a total value of $4.1 million. Judging by the deals struck during the trade fair, the ...
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ArticleConsumer sentiment worsens in Germany
Consumer sentiment has taken a nose dive in Germany at the start of 2024, according to a survey published jointly by the research institute GfK and the Nuremberg Institute for Market Decisions (NIM). “The year 2024 starts off very disappointingly for consumer sentiment in Germany: both economic and income expectations ...
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ArticlePrimark does not expect severe disruption due to Red Sea tension
Primark’s sales grew by 2.1 percent on a like-for-like basis over the Christmas quarter despite a warm autumn, however they were down from an 8 percent rise in the previous three months. The British fast-fashion retailer added it did not expect severe supply disruptions from attacks on commercial shipping in ...
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ArticleHow French retailers can save up to a year’s rent on their lease
In a comprehensive interview, Tanguy Pissembon, a Paris-based legal counsel in real estate, explains how commercial tenants in France can significantly save on their rents when renewing their leases by properly using the country’s legislation.
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ArticleBoohoo’s CFO quits with immediate effect
Boohoo’s chief financial officer Shaun McCabe has left the British fast-fashion online retailer with immediate effect and has been replaced by Stephen Morana, a former non-executive director of the company. The Manchester-based business, which owns the brands Karen Millen, PrettyLittleThing and Dorothy Perkins, said that McCabe had left the firm ...
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ArticleANWR Group's FY sales down 5%
ANWR Group reported a 5.0 percent decrease in business volumes to €20.7 billion in 2023, with all divisions suffering a decline. “2023 was a particularly challenging year,” said Frank Schuffelen, the CEO of the ANWR Group. “Inflation rates, high cost pressure and the depressed consumer sentiment caused by the geopolitical ...
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ArticleBirkenstock targets running specialty shops with its footbed
In the U.S., Birkenstock is targeting running specialty stores by offering its signature sandals with an orthopaedic footbed as recovery footwear for athletes after their workout. The move is part of the German brand’s diversification strategy in a key market. “In Q4, we took advantage of the macroeconomic situation to ...
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ArticleStella’s Q4 sales rise on inventory replenishment by some customers
In the fourth quarter of 2023, Stella International Holdings posted a rise in manufacturing revenues to $380.3 million from $335.1 million a year earlier as footwear shipment grew by 10.9 percent to 13.2 million pairs from 11.9 million and the average selling price (ASP) inched up to $28.8 a pair ...
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ArticleBirkenstock’s earnings and guidance disappoint
Birkenstock released a disappointing first set of earnings as a public company prompting its stock to plummet nearly 8 percent on the day. The company also warned of a further Ebitda margin squeeze in the new fiscal year due to ramp-up costs at its new factory near Pasewalk in Germany. ...
