Kazakhstan 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.
Aeffe’s footwear and leather goods sales decline in 2023
The revenues of Aeffe’s footwear and leather goods division amounted to €142.1 million, down by 13.1 percent, both at constant and current exchange rates, compared to 2022. The division comprises the luxury footwear brand Pollini.
Heydude 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.
Shoe Carnival hikes its dividend
Shoe Carnival’s board has approved the payment of a quarterly cash dividend of $0.135 per share, representing a quarterly increase of 12.5 percent and an annualized dividend rate of $0.54 per share.
Caleres hires Liz Dunn as head of corporate development and strategic communications
Liz Dunn has joined Caleres as Senior Vice President of corporate development and strategic communications.
Shoepassion’s creditors clear its restructuring plan
Shoepassion’s creditors have cleared its restructuring plan, the insolvent Berlin-based footwear company said. The plan was confirmed by the Berlin-Charlottenburg district court.
Düsseldorf shoe retailer Koch files for bankruptcy
The German shoe retailer Schuhparadies Michael Koch GmbH has shut down after 37 years of activity as it slips into bankruptcy on rising energy, insurance, staff and rent costs.
Vans’ chief product and merchandising officer quits
Marissa Pardini, Vans’ chief product and merchandising oOfficer, has announced her departure from the brand by the end of March. This follows a series of turnovers within VF Corp, the brand’s parent company.
Shoes Düsseldorf announces dates for 2025
The German trade fair organizer Igedo has announced next year’s dates for its Shoes Düsseldorf trade fair, held at the Areal Böhler in the German city.
Yue 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.
Skechers renews eyewear licensing deal with Marcolin
Skechers has renewed its global eyewear licensing agreement with the Italian company Marcolin.
Tod’s doubles its FY net profit
Tod’s more than doubled its 2023 net profit to €50.0 million from €23.1 million a year earlier, as Ebit rose to €94.7 million from €58.2 million.
Zalando aims to resume growth and cover 15% of the European fashion market
Zalando posted lower sales in 2023 but expects to at least stabilize revenues this year and resume growth from 2025. The German online fashion group also outlined its long-term plans to cover 15 percent of the European fashion market.
Inditex posts record full-year sales and earnings
Inditex posted record sales and earnings in the full year ended Jan. 31 and announced an extraordinary plan to invest €1.8 billion over the next two years to increase its logistics capacities.
Gaastra to cease operations for the second time in 3 years
Following the insolvency filing of Unlimited Footwear Group (UFG),the Gaastra brand will cease operations, according to 1st-blue.com.
Allbirds names a new CEO as losses continue to grow
Allbirds appointed its chief operating officer, Joe Vernachio, as its new CEO and member of the board of directors, effective March 15. He succeeds Joey Zwillinger, the co-founder and CEO, who will continue to serve as a member of the board and as a special advisor to the company. With ...
Puma loses patent case over Avanti shoe design
Puma has suffered a setback in a patent dispute over a sports shoe associated with Rihanna, according to a press release from the Court of Justice of the European Union. The case revolves around the Avanti trainer design, which Puma’s Dutch wholesaler, Handelsmaatschappij J. Van Hilst (HJVH), sought to patent ...
Shoe Zone warns it is trading below expectations on higher wages, Red Sea attacks
Shoe Zone warned that it was trading “marginally” below expectations, because of a rise in the UK’s minimum wage, the National Living Wage, higher costs and attacks of commercial shipping in the Red Sea which have disrupted supply chains.
Russian footwear brands adapt their product range to better suit online marketplaces
As e-commerce consolidates its dominance in the Russian footwear market, brands are looking into opportunities to improve their positioning in this segment.
How returns can be an opportunity to boost sales
Returns represent a significant cost for online retailers and a scourge for the environment. In the US alone, e-commerce customers returned 17 percent of goods for a total value of $816 billion (€754bn) in 2022, according to the National Retail Federation. The figure is even higher in the EU, where ...