- Save article
ArticleRussia claims to have virtually eradicated illegal footwear sales
Since 2020, the mandatory labelling of fashion goods has secured additional income of 84.6 billion rubles (€848 million) on aggregate for the Russian federal budget, estimated the Russian Center for Prospective Technologies (CPT), a government agency authorized to supervise the labelling reform. Footwear labelling on its own provided additional income ...
- Save article
ArticleVF expands its partnership with GMG
VF Corp. is expanding its partnership with the retail conglomerate GMG in order to grow in the Middle East and North Africa (MENA) and South East Asia (SEA) regions. The US group, whose portfolio includes the brands Vans, The North Face and Timberland, has been collaborating with the Dubai-based retail ...
- Save article
PDF NewsletterShoe Intelligence Executive Edition: Vol. 26 - 7+8
Footwear sales rose by 4% in 2023 in Germany while 15% of stores closed | Venezuelan shoemakers rely on government intervention to regain market share | Kazakhstan sees a rise in footwear imports as local production remains low | Giovanna Ceolini confirmed president of Assocalzaturifici | Tempe to build a new distribution center in Valencia region | Tod’s shareholder calls for higher bid price to delist company | Prada posts strong fourth-quarter results | Ferragamo’s full-year profits shrink on weaker sales, higher investments | Golden Goose’s sales rose 18% in 2023 | Style Capital snaps up Autry, launches retail expansion plan | Deichmann continues to grow | Lloyd Shoes grows by 9% in 2023 | Gabor’s sales are steady | Former Görtz CEO Frank Revermann takes over Onygo | Coats sees recovery in footwear as customer destocking winds down | Manolo Blahnik opens a store in Hong Kong | Shoepassion’s creditors clear its restructuring plan | Caleres to bolster international presence with “outsized investments” | Shoe Carnival sees growth resuming this year | Genesco sees sales decline continuing as Journeys turnaround takes time | Designer Brands hit by a weaker footwear market | Allbirds names a new CEO as losses continue to grow | Shoes For Crews files for Chapter 11 to sell a refinanced US business | Kidpik and Nina Footwear are merging | Grendene’s Q4 bottom line underpinned by lower raw material costs | Yue Yuen’s profit, sales slip in 2023 | Stella improves its operating profits despite a decline in sales | Zalando aims to resume growth and cover 15% of the European fashion market | Spartoo posts a positive free cash flow | Asos, Boohoo, George at Asda commit to green claim rules in the UK | How returns can be an opportunity to boost sales
- Save article
ArticleDesigner Brands hit by a weaker footwear market
Designer Brands reported a decline in fourth-quarter sales due to a deterioration of the footwear market in North America. When announcing the results for the quarter ending on Feb. 3, the CEO, Doug Howe, said that the footwear company enjoyed a rebound in the latter part of the period but ...
- Save article
ArticleKazakhstan sees a rise in footwear imports as local production remains low
Kazakh footwear manufacturers only covered a tiny part of domestic demand, and their market share is shrinking, a recent research showed. In 2023, Kazakh footwear companies manufactured 1.8 million pairs of shoes, up by 3.6 percent compared with the previous year, according to the Bureau of National Statistics. But last ...
- Save article
ArticleHeydude is the hottest casual footwear brand in the US - Brand Heat Index
Heydude is the hottest casual footwear brand, both among men and women in the US, while Allbirds fell out of the top 10 both for men and women, according to the 2024 U.S. Footwear and Apparel Brand Heat Index released by L.E.K. Consulting. “In 2024, competition in the footwear space ...
- Save article
ArticleYue Yuen’s profit, sales slip in 2023
Yue Yuen, the globe’s largest manufacturer of footwear, suffered a down year in 2023 due to inventory de-stocking by retailers worldwide and conservative ordering by its portfolio of brand clients that include Nike, Adidas, Asics and New Balance, among others. Yue Yuen’s annual Ebit declined by 5.6 percent to $390.2 ...
- Save article
PDF NewsletterShoe Intelligence Executive Edition: Vol. 26 - 5+6
German shoemakers expect a challenging 2024 | C-Suite interview: Sioux sees light at the end of the tunnel in the German footwear market | Italian shoemakers concerned about the first half of 2024 | Spanish footwear exports rose in value but slipped in volumes in 2023 | Micam attracts 40,821 visitors | Birkenstock reassures investors on profits, makes progress in closed-toe shoe sales | Klingel sells the Wenz and Impressionen brands to Witt | Creditors clear Richter’s restructuring plan | UFG files for bankruptcy | How Cortina wants to disrupt the sneaker market with its new SJ brand | Sergio Rossi posts a decline in FY revenues due to a weak H2 | New delisting attempt for Tod’s | How Kidderminster Footwear weathered Brexit | CCC Group posts record Q4 sales as margins rise sharply | For Ever to produce compostable soles with Balena’s technology | Stuart Weitzman’s sales trend improves | Steve Madden’s Q4 results beat expectations | Rocky Brands’ Q4 sales fall 9.3% amid unexpected headwinds | Crocs brand starts 2024 with momentum but $5 billion sales target will take longer to reach | Shoe Carnival buys Rogan Shoes | VF to extend its board in agreement with Engaged Capital | How Starlet continues to develop its fashion line as it grapples with adverse forex | Town Team is seeking to expand its footwear offer | Kenyan footwear producer seeks a partner to launch leather-shoe production | How a French startup helps to manage unsold stocks
- Save article
News briefsDeckers names Robin Green head of Hoka
Deckers Brands has named Robin Green as president of the brand Hoka, with immediate effect. Green will serve on the executive leadership team, reporting directly to Dave Powers, the CEO and president of Deckers Brands. ”Green has an extensive track record of leading and operating complex global businesses while delivering ...
- Save article
PDF NewsletterShoe Intelligence Executive Edition: Vol. 26 - 3+4
Expo Riva Schuh attracts 9,000 visitors | How Expo Riva Schuh continues to modernize and expand its international reach | Brazilian footwear exports collapse in December | C-Suite interview: Rohde enters the U.S. market and expands its European online business | Birkenstock’s earnings and guidance disappoint | ANWR Group’s FY sales down 5% | Arklyz to buy Lloyd Shoes from Ara | Revenues fall at Dr. Martens as U.S. business remains out of step | Shoe Zone to phase out Original format stores by end 2026 | NeroGiardini is expanding in South Korea, Japan and the U.S. | Alviero Martini under court administration amid supply chain labor exploitation charges | Sanctions weigh on Turkish plans to expand exports to Russia | Wolverine World Wide sells the Sperry brand to ABG and the inventory to Aldo | Skechers cautiously optimistic on wholesale sales turnaround, DTC growth seen continuing | Deckers announces CEO change as record-breaking streak continues | Genesco targets rents, moving non-selling activities out of stores to cut costs, boost profits | Boot Barn sees Q4 sales drop as same-store sale headwinds continue, bad weather hurts business | Stella’s Q4 sales rise on inventory replenishment by some customers | Primark does not expect severe disruption due to Red Sea tension | How French retailers can save up to a year’s rent on their lease
