Latest Headlines – Page 12
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ArticleUS footwear brands call for tariff exemption
The Footwear Distributors and Retailers of America (FDRA) has addressed an open letter to the US President, Donald Trump, asking the removal of reciprocal tariffs for footwear. The letter was signed by 76 brands, including the sneaker giants Nike, Adidas, Puma and Skechers. The letter dated April 29 started by ...
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ArticleGörtz closes its flagship store in Hamburg
The troubled Hamburg-based shoe retailer Görtz has closed its flagship store in the Spitalerstrasse in Hamburg’s city center, handing it over to its landlord on April 30, according to media reports. First opened in the 1980s, the flagship store spanned more than 4,000 square meters of retail space. When it ...
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ArticleZalando’s Q1 revenues beat market expectations
In the first quarter of 2025, Zalando posted a net income of €9.9 million against a loss of €8.9 million a year earlier on rising revenues and improved operating profitability. Gross merchandise volume (GMV) rose by 6.5 percent to €3.5 billion and revenues grew by 7.9 percent to €2.4 ...
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ArticleAndré placed into receivership, again
The French footwear retailer André was placed in receivership on April 30 by a Paris-based commercial court. It is the third time in five years that the banner has been placed in receivership. On May 4, 2023, the Belgian company Optakare, run by Karim Redjal, was chosen by a Nanterre-based ...
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ArticleSkechers goes private as it is acquired by 3G Capital
Skechers has agreed to be acquired by the investment firm 3G Capital in a $9.4 billion deal that will lead to the delisting of the US footwear company. Skechers will continue to be led by its Chairman and CEO, Robert Greenberg, President, Michael Greenberg, and Chief Operating Officer, David Weinberg. ...
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ArticleHumanoid robot launches likely this year
This year could be significant for the launch of humanoid robot models and application expansions, according to the Japanese investment bank Daiwa. It noted that production rates and cost reductions for key components have exceeded its expectations. Daiwa believes that 2025 will be a year for product launches while 2026 ...
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ArticleRocky Brands maintains full-year guidance after better-than-expected Q1
Rocky Brands maintained its full-year sales and earnings guidance after a better-than-expected performance in the first quarter of the year, while it prepares to hike prices and shuffle manufacturing in the wake of new US import tariffs. In the three months ended March 31, Rocky Brands reported sales of $114.1 ...
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ArticlePrada Group’s sales driven higher by Miu Miu
The Prada Group posted net revenues of €1,341 million in the first quarter of 2025, up by 13 percent year-on-year both on a reported basis and at constant exchange rates thanks to the Miu Miu brand. At actual and constant exchange rates, retail sales were up by 13 percent to ...
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ArticlePrimark committed to US expansion
Primark said it is committed to the expansion of its store network in the US despite the unreliable approach to tariffs by the US President Donald Trump. The current chain of 29 US stores accounts for about 5 percent of Primark’s sales. It has also signed leases on an extra ...
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ArticleLowa’s sales rise nearly 2% in 2024
German outdoor footwear brand Lowa Sportschuhe GmbH announced that it achieved the second-best financial result in its history in fiscal 2024, posting revenues of €233.9 million, an increase of 1.9 percent year-over-year. The company also sold 2.97 million pairs of shoes, up 0.8 percent compared to the previous year. “Our ...
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ArticleAsos narrows its losses as the turnaround plan takes hold
Asos reported lower sales in the first half of its fiscal year as it continued to clear excess inventory, but said its new business model was showing signs of progress and left it better placed to deal with the impact of US trade tariffs. The company narrowed pre-tax losses to ...
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ArticleCapezio changes hands but the CEO remains
Argand Partners, a New York-based private equity firm, has bought Ballet Makers, the US owner of the Capezio brand of dance shoes. The terms of the transaction were not disclosed. Founded in 1887, Capezio designs and manufactures premium and highly technical footwear, apparel, and accessories that support dancers and athletes ...
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ArticleSkechers pulls FY guidance amid trade uncertainty after ‘exceptional’ Q1
Skechers withdrew its sales and earnings guidance for the full year amid heightened macroeconomic uncertainty and signs of weakening US consumer sentiment due to global trade policy developments. “As we began 2025, we communicated our belief reflected in our annual guidance that this would be another year of growth on ...
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ArticleUS Treasury Secretary sees de-escalation in trade war with China
During a private summit with investors hosted by JPMorgan Chase held in Washington, the US Treasury Secretary Scott Bessent said he expects “there will be a de-escalation” in the trade war with China in the “very near future,” CNBC reported citing a person attending the meeting. “No one thinks the ...
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ArticleArc’teryx sets up a footwear business unit
Arc’teryx Equipment has announced the creation of a standalone footwear business unit to accelerate its presence in the high-performance mountain footwear category. The move comes on the heels of a strong Spring 2025 product launch, including the Norvan LD 4 and Vertex Speed trail models, and signals the brand’s deepened ...
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ArticleGyrus Capital takes over ACBC
Gyrus Capital, a Geneva-based investment firm is buying a majority stake in ACBC, an Italian firm specializing in product innovation and sustainable, circular solutions for the fashion and lifestyle industries. Following the acquisition, which is expected to close in the second quarter of 2025, Gyrus Capital will be partnering with ...
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ArticleHermès plans to hike prices in the US due to tariffs
Hermès plans to increase prices in the US to fully compensate for the 10 percent tariff on most imported introduced by the administration of US President Donald Trump. The price increase will become effective from May 1 on all of Hermès’ product categories, said Eric Halgouët, the Chief Financial Officer ...
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ArticleC-Suite interview: Rohde expects to continue growing in 2025
After increasing revenues by 4.5 percent in 2024 to €24.2 million, Rohde expects to continue growing this year as it expands its fledgling US and online businesses. “In 2025, we should go up by another 10-11 percent to €27 million in turnover,’ says the Chief Executive Officer, Renato Lo Presti, ...
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ArticleAstorMueller sets up a joint venture in India
AstorMueller has set up a joint venture in India called Nuvora as the Swiss footwear group aims to make the fast-growing Asian country one of its main markets. AstorMueller is the exclusive worldwide license holder for Bugatti and Daniel Hechter shoes. In August 2023, it acquired the trademark rights to ...
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ArticleAldo in license agreement with G.H.Bass
Aldo Product Services (APS), a division of the Canadian footwear group Aldo, has entered an exclusive seven-year licensing agreement with G-III Apparel Group regarding the G.H.Bass brand. Under this agreement, APS will design, manufacture, distribute, market and sell G.H.Bass footwear, bags, and small leather goods. The Canadian group will have ...
