Product & Marketing – Page 108
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ArticleStella Q2 sales momentum improves in Q2
Stella International, the Hong-Kong based footwear manufacturer and retailer, said that in the second quarter of 2023 it posted a 3.1 percent decline in manufacturing revenues to $419.5 million from $432.8 million as footwear shipments dropped by 6.7 percent to 14.0 million pairs from 15.0 million a year earlier. The ...
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ArticleUnbound appoints administators to sell Beaconsfield Footwear
Unbound Group, the owner of British footwear retailer Hotter Shoes, said that it has decided to appoint administrators for its main operating subsidiary, Beaconsfield Footwear Limited, after having failed to find a buyer for the business or to raise fresh cash to restructure it. The appointment of the administrators is ...
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News briefs
An online course on AI for footwear
Footwearology, the self-described “only academy for footwear professionals” with operations in Barcelona, has introduced a course called “AI for Footwear.” Taught by Nicoline van Enter, one of the founders of Footwearology and Footwearology Lab, the course is designed for managers seeking an understanding of AI as well as for designers ...
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ArticleU.S. footwear imports to plunge in 2023 due to bloated inventories
U.S. footwear imports are likely to plummet to below 2.0 billion pairs this year after a nearly 30 percent growth in 2022 to nearly 2.75 billion pairs, according to data from the U.S. International Trade Commission and a forecast from the The Footwear Distributors & Retailers of America (FDRA). Correspondingly, ...
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ArticleFootway launches a capital hike as its liquidity is under pressure
Footway announced a SEK100 million (€8.7m) capital increase and a reduction of its inventory as its liquidity “is under pressure” due to tighter credit terms from suppliers in an ”already weak market.” On July 14, Swedish e-commerce company had a market capitalization of SEK 825 million (€72m). During the first ...
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News briefs
Gerry Weber to close most of its stores in broad reorganization
The troubled German fashion group Gerry Weber plans a sweeping round of store closures in the coming months as it switches its focus back to wholesale retail. The company will shut down 122 of its 171 stores in Germany by the end of September this year as part of ...
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News briefs
Insolvent shoe retailer P.S. Shoes closes 8 stores out of 12
The German footwear retailer P.S. Schuhe is shutting down most of its stores after restructuring under self-administration failed to put the company back on track. P.S. Schuhe, which belongs to the Osnabrück-based company Lemax Shoe-Fashion, operated twelve stores, including an outlet in Osnabrück, before recently filing for bankruptcy. ...
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News briefs
Feine Wiener Schuhmanufaktur files for bankruptcy
The Austrian shoe company Feine Wiener Schuhmanufaktur has filed for bankruptcy. Insolvency proceedings without self-administration were opened by a commercial court in Vienna, which appointed the lawyer Günther Hödl as provisional insolvency administrator. Under Austrian law, in the case of insolvency proceedings without self-administration, the court-appointed administrator takes ...
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ArticleItalian shoemakers increase Q1 revenues by 13.6%
Italian shoemakers increased their revenues by an estimated 13.6 percent year-over-year in the first quarter of 2023, according to a survey carried out by Confindustria Moda’s research center among members of the Italian footwear association Assocalzaturifici. The survey showed that 53 percent of companies enjoyed an increase in revenues during ...
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ArticleThe French brand Heschung is taken over
The French footwear company Heschung is being taken over by PPL Finance following a court ruling issued on July 5. On April 11, the nine stores of the Alsace-based brand had been placed into receivership while a liquidation process was launched for the production site situated in Steinbourg, about 40 ...
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News briefsMicam unveils the “Walk Your Way” campaign
Micam unveiled the new campaign called Walk Your Way for the edition scheduled from Sept. 17 to 20 at the Fieramilano Rho exhibition center at the outskirts of Milan. ”This encouragement is much more than just a motto: it is a message promoting individuality, authenticity and self-expression through the shoes ...
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News briefs
Shoe Zone lifts guidance again after ‘exceptional’ trading month
Shoe Zone has lifted its full-year profit forecast for the second time in five weeks after an “exceptional” month of sales since its last update on June 9 as consumers seek value amid the U.K.’s cost-of-living crisis. “Trading has significantly exceeded management expectations due to continued strong demand with volumes ...
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ArticleHotter Shoes’ parent considers bankruptcy as funding crisis deepens
Unbound Group, the owner of British footwear retailer Hotter Shoes, has admitted it is considering going into administration, the U.K.’s form of bankruptcy, unless it can resolve its funding crisis. The company was forced to issue a statement to the London Stock Exchange after media reports suggested it was scrambling ...
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News briefs
Dr. Martens trading in line with its expectations
Dr. Martens said that trading since the start of the current financial year, which kicked off on April 1, has been in line with expectations. The fiscal first quarter is the British company’s smallest period of the year as it is marked by the end of spring/summer trading. The firm ...
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ArticleThe outlook for global footwear consumption improves
The outlook for global footwear consumption has improved significantly, based on the findings of the latest survey of experts published in the current Business Conditions Survey of World Footwear. The members of the panel expect footwear prices to increase by an average of 7.3 percent worldwide and the quantity of ...
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News briefs
Vince Camuto launches Fly365
Vince Camuto, a division of Camuto Group which is part of Designer Brands, launched the men’s franchise Fly365. The collection currently has two models, the sneakers Talmai and Tayden, but is expected to extend its offering in the autumn and next spring. The shoes retail at $169 a pair. Fly365 ...
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News briefs
Salvatore Ferragamo CFO to leave in September
Salvatore Ferragamo’s chief financial officer Alessandro Corsi has resigned and will leave the Italian fashion house on Sept. 30 to ”take on a new professional challenge.” The company has yet to announce a replacement. Corsi has been with Ferragamo for 20 years, starting as head of business development and e-commerce. ...
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News briefs
Tod’s’ creative director leaves
After four years in the job, Walter Chiapponi is stepping down as creative director of Tod’s. He will leave the Italian luxury shoemaker after the presentation of his latest collection at the Milan Fashion Week on Sept. 22. Tod’s said that the name of the new creative director will be ...
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News briefs
Designer Brands names new head for DSW
Designer Brands has appointed Laura Denk as president of DSW Designer Shoe Warehouse and executive vice president of Designer Brands, effective as of July 24. Denk will be responsible for leading DSW’s nearly 500 U.S. store locations and e-commerce channel, DSW.com. She will report directly to Designer Brands’ chief executive ...
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News briefs
Crocs sues former employee over company secrets
Crocs has sued former executive Kellen McCarvel and his company Joybees in a Colorado district court. The company alleges McCarvel left Crocs with several thousand highly confidential trade secrets that he downloaded onto a personal thumb drive and then used to build a competing shoe company. Some of the documents ...
