All Spartoo articles
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ArticleSpartoo posts a positive free cash flow
Spartoo booked a positive free cash flow of €0.7 million in 2023, compared with a negative €23.6 million in 2022, due to a reduction in working capital, thanks to a decrease in inventories, as well as a drop in investments to €1.3 million from €2.9 million. The group’s inventory fell ...
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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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ArticleSpartoo’s H1 sales decline but earnings improve
In the first half of 2023, Spartoo saw its gross merchandise value (GMV) decrease by 2.6 percent compared to the year earlier to €101.6 million and revenues excluding value-added tax slipped to €72.9 million from €73.9 million. The percentage of GMV generated by brands owned by the French retailer increased ...
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ArticleThe stocks of footwear companies slip led by British firms
The prices of stocks monitored by Shoe Intelligence fell by 7 percent in the second quarter of 2023 compared with the previous three months, when the cohort gained about 5 percent. Shares were driven lower by British constituents of the panel. Some companies were hit by worrisome financial situations, but ...
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ArticleSpartoo’s GMV drops slightly in 2022
In 2022, Spartoo saw its gross merchandise value (GMV) decrease by 1.9 percent compared to the year earlier to €209.6 million due to high inflation and a “slowdown in demand affecting all e-commerce players,” according to the French online retailer. GMV from B2C services slipped to €189.9 million from €192.8 ...
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ArticleStocks of U.S. footwear companies rebound in Q4
Trading remained very volatile in the fourth quarter of 2022 with the various clusters of our universe of stocks often fluctuating significantly compared with the previous three months. Overall, Shoe Intelligence’s selection of stocks continues to trend water, rising by just over 2 percent on average. Shares of Brazilian footwear ...
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News briefs
Spartoo’s TooPost gains nearly 50 clients in 2022
Spartoo said that its TooPost service has gained nearly 50 clients in 2022. The service now has more than 165 e-merchants as customers. TooPost, which offers an end-to-end transport service, delivers more than 4 million packages every year, at least 98 percent of which are delivered within the specified time, ...
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News briefs
Spartoo drops its GMV growth guidance
Spartoo announced that its guidance regarding gross merchandise value (GMV) growth for 2022 and 2023 is now “obsolete.” The French online retailer had previously set a GMV growth target of more than 10 percent per year until 2024. The decision to drop the guidance ”follows the confirmation of a slowdown ...
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ArticleSpartoo H1 GMV falls 1.6% as demand slows
Spartoo saw its gross merchandise volume (GMV) in the first half ended June 30 decrease by 1.6 percent compared to the year earlier to €104.3 million, as consumer demand slowed in the face of accelerating inflation and uncertainty tied to the war in Ukraine. GMV from B2C services was the ...
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ArticleStocks of Brazilian footwear manufacturers outperform in Q3
In the third quarter of 2022, the stock prices of footwear companies and associated sectors monitored by Shoe Intelligence were on average virtually unchanged, falling by less than 3 percent when compared with the previous three months. But, the figure conceals noticeable disparities between the panel’s subsegments. The cohort of ...
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News briefs
Spartoo completes minority stake purchase in SAAJ
Spartoo has completed the acquisition of a minority stake in the French brand SAAJ through a capital increase. No further financial details were released. SAAJ is a fast-growing digital native brand, founded in 2016 by Maelys and Jérémy. The investment will enable the SAAJ brand to accelerate its development, according ...
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News briefs
Spartoo buys a minority stake in the brand SAAJ
Spartoo has signed an agreement to buy a minority stake in the brand SAAJ through a capital increase. No further financial details were released. SAAJ is a fast-growing digital native brand, founded in 2016 by Maelys and Jérémy. ”It stands out for its original creations entirely designed and realized ...
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News briefs
Spartoo says 150 merchants are using its TooPost service
Spartoo, a French online retailer, said that 150 e-merchants have chosen its TooPost transport solution service. The service covers about 15 destinations in Europe thanks to relationships built with more than 20 local postal services. TooPost offers an end-to-end transport service that can deliver more than 4 million packages every ...
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ArticleSpartoo 2021 GMV up by 10.3%
In 2021, Spartoo’s gross merchandise volume (GMV) rose by 10.3 percent year-over-year to €213.7 million. The increase of GMV was in line with the company’s target for growth exceeding 10 percent. GMV achieved through B2C services increased by 9.5 percent to €192.8 million and that related to third-party services grew ...
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ArticleBrazilian, Indian footwear stocks outperform in a weak environment
In the first quarter of 2022, the share prices of footwear companies fell sharply, tracking global equity markets lower. But, the Indian and Brazilian companies that we monitor for our stock performance survey outperformed their peers over the period.
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ArticleShoe industry marked by IPOs and takeovers in Q4
The footwear industry witnessed further extraordinary finance transactions during the fourth quarter as companies continue to take advantage of the abundant liquidity injected into the financial system by central banks worldwide to shore up the economy after the Covid-19 outbreak last year. Allbirds, the loss-making California-based producer of Wool Runner ...
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ArticleSpartoo H1 sales up by 19%
The French footwear and fashion e-retailer Spartoo posted a 19 percent year-on-year increase in gross merchandise value (GMV) to €106.0 million during the first half of 2021 driven by the expansion of its fashion item offering and a 46 percent rise in its third-party services offering. Boris Saragaglia, the company’s ...
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ArticleFootwear stocks weaker in Q3 on profit-taking
Overall, the price of footwear stocks dropped in the third quarter of 2021 compared with the previous three months on profit-taking after the sector had enjoyed a strong rebound in the first half of the year with the re-opening of the economy, following the easing of Covid-19-related restrictions and the ...
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ArticleSpartoo raises €23.7m through a capital increase
The French footwear and fashion e-retailer Spartoo raised a gross €23.7 million through the issuance of new shares sold in an initial public offering (IPO) that completed on July 2. Based on the midpoint of its price range, the company was expecting gross proceeds of about €25 million, or €22.2 ...
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ArticleSpartoo aims to raise about €22m in an IPO
The French footwear and fashion e-retailer Spartoo intends to raise about €22 million from an initial public offering (IPO) now underway, with funds earmarked to accelerate growth of its footwear business, roll out new physical stores and invest in brand awareness. The offering of shares to retail investors runs ...
