All Shoe Intelligence articles in Volume 22, Issue 22+23 – Page 3
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News briefsDr. Martens to take over wholesale distribution in Italy
From June 1, 2021, Dr. Martens will bring in-house wholesale distribution in Italy. Asap has been the brand’s distributor in the country for over 30 years. Dr. Martens will manage sales directly from the next autumn/winter collection. In the meantime, the two companies will be working together to ensure a ...
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News briefsGenesco’s CFO leaves
Melvin Tucker, Genesco’s senior vice president and chief financial officer, has resigned, effective Nov. 27, in order to pursue an opportunity outside of the company. The American footwear retailer has started searching for a new CFO. In the interim, the position will be held by the company’s president and chief ...
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News briefsFootway widens e-commerce for its brands to 24 markets
Footway, the international Swedish-based shoe e-tailer, has launched a new integrated internet platform for all its operations including Sportamore, the sporting goods e-tailer that it recently acquired, widening its presence to a total of 24 markets all over Europe. The platform also houses a couple of house brands, Hoppe and ...
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News briefs
Dior offers AR experience on Snapchat for B27 sneaker
Dior is offering an augmented reality (AR) experience on Snapchat for the launch of its new B27 sneaker. The French luxury brand allows Snapchat users to virtually try on six variations of the shoe and to buy them directly from Dior’s channel on Snapchat or through Dior.com. The sneakers retail ...
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News briefs
Premium Group cancels Berlin shows scheduled in January
After having surveyed exhibitors, partners and buyers, the Premium Group has decided not to hold the Premium, Seek and Fashiontech events scheduled in January in Berlin due to the environment caused by the Covid-19 pandemic. On the group’s website, Anita Tillmann, the managing partner of Premium Group, said that “as ...
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Article
Primark faces £375 mn loss of sales due to Covid restrictions
The Irish fast fashion retailer Primark, which is owned by Associated British Foods (ABF), could lose £375 million pounds (€415.9m-$484.0m) in sales due to the closure of stores following restrictions imposed by local authorities throughout Europe to combat the Covid-19 pandemic. The estimate includes a planned lockdown in England. As ...
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ArticleGrendene recovers sharply in Q3 driven by domestic market
Grendene posted the best third quarter in its history in terms of gross revenues, and the third best in volumes, as the company recovered, thanks to domestic demand, from a dismal second-quarter performance, caused by the Covid-19 pandemic. The Brazilian footwear manufacturer posted a 9.5 percent increase in gross revenues ...
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News briefsLiu Jo footwear unit sees 2020 sales up 30%
Eli, the company that manages the footwear of the Italian apparel brand Liu Jo, expects to close 2020 with sales of €44 million, up more than 30 percent from 2019, according to Fashionmagazine.it. The company, which opened a new showroom in Milan in September, benefited from a more than 30 ...
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News briefsGenesco appoints an investment banker to its board
Genesco has appointed John F. Lambros to its board of directors. Lambros is president of GCA-U.S., a global investment bank. He serves as the head of GCA’s digital media banking practice, is a member of its board of directors and executive committee, and is the head of the firm’s New ...
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ArticleStuart Weitzman’s sales improve from the previous quarter
In the fiscal first quarter ended on Sept. 26, Stuart Weitzman posted net sales of $56 million, down by 35 percent from $87 million in the same period of the prior year. Nevertheless, sales exceeded the company’s expectations and marked a sharp improvement from the previous quarter, when they stood ...
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ArticleSteve Madden to boost private label business, cut Chinese production
Steve Madden expects that its private label business with Walmart and Target will increase notably next year as the mass retailers have shown strong resilience and benefited from the market disruption caused by the Covid-19 pandemic. Last year, Walmart and Target represented nearly a third of the fashion company’s accounts ...
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News briefs
The second-hand market is growing in Russia
The Covid-19 pandemic has spurred the demand for second-hand shoes and clothes in Russia, a research conducted by the Russian consulting agency Fashion Research Group showed. As of today, this segment accounts for 6 percent of sales of the Russian fashion market. The continuing deterioration in purchasing power is likely ...
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ArticleU.S. footwear market showing signs of stabilization
The U.S. footwear industry suffered sharp sales declines in 2020 due to lifestyle changes and shifts in consumer behavior due to the Covid-19 pandemic, but trends are expected to stabilize and recover through 2021, according to NPD’s Future of Footwear report. The fashion category, which has been hit the hardest ...
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News briefs
Nike manager switches to Snipes
The Deichmann group has appointed a long-time Nike manager to the new position of European general manager for Snipes, its international chain of sneaker shops. Starting on Nov. 1, he will join Snipes’ founder and chief executive, Sven Voth, and Tim Spickenborn, the chief financial officer, as the third member ...
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News briefsRalf Ringer suffers staff shortage due to pandemic
The Russian footwear group Ralf Ringer is seeking 200 employees to replace labor migrants, who had to leave Russia because jobless during the Covid-19-related lockdown. The company manufactures 2 million pairs per year at four factories in Vladimir, Zarajsk, Moscow, and Taldom. Ralf Ringer also runs a retail network of ...
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ArticleSequential quarterly improvements for Skechers
While Skechers’ third-quarter sales decreased by 3.9 percent year-on-year and net earnings dropped by 37.6 percent to $64.3 million, it was a significant improvement from the second quarter, when sales where 78.3 percent lower and the company ended with a net loss of $68.1 million. The pandemic significantly impacted Skechers ...
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ArticleHoka’s momentum shows no signs of slowing
Once again Hoka One One posted very strong results, helping Deckers Brands grow in its second fiscal quarter ended on June 30. Despite headwinds from Covid-19, the group’s sales progressed by 15.0 percent from the same period last year to reach a new quarterly record of $623.5 million, with ...
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Article
Puma returns to profit and growth
Puma’s revenues for the third quarter rose by 13.3 percent in constant currencies to €1,583, leading to a 13.0 percent rise in net income to €100.5 million. This is in sharp contrast with the second quarter, when the company was hit by a 32.3 percent drop in revenues and ended ...
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ArticleShoe Zone threatens to close 90 stores due to U.K. tax
Shoe Zone could close up to 90 stores over the next couple of years if the British government goes ahead with plans to reintroduce the “antiquated business rates system” in April 2021. The British shoe retailer said that the suspension of rates in April 2020 by the government to help ...
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ArticleRocky Brands’ Q3 profits up by 36%
As the wholesale channel bounced back after a decline in the second quarter, Rocky Brands’ net income rose by 36.0 percent to $7.6 million in the third quarter, on revenues that progressed by 15.8 percent from the year-ago quarter to $77.8 million. The management highlighted strong demand for its product ...
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