All Shoe Intelligence articles in Volume 23, Issue 31+32
View all stories from this issue.
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News briefs
ILM to be held Sept. 4-6
A local magistrate has authorized the organization of a physical edition of the international leather trade show ILM on Sept. 4-6 in Offenbach am Main, near Frankfurt. Previous physical editions of the show, organized by Messe Offenbach, had been canceled because of the Covid-19 pandemic. A digital version, ILM Virtual ...
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PDF NewsletterShoe Intelligence Newsletter: Vol 23 - 31+32
Geox closes its Serbian site | Dr. Martens warns of shipping delays | Jimmy Choo sees FY sales at $550m | Obuv Rossii enters kids market | Steve Madden Q2 above expectations | Weyco benefits from demand for dress shoes | Wolverine raises FY outlook | Grendene Q2 hit by Covid-19 resurgence | Alpargatas’ Q2 sales jump 71% | OrthoLite pushes for zero insole waste | Zalando posts strong growth
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News briefs
Leder & Schuh sees sales returning to pre-Covid levels in 2022
Leder & Schuh Group, the Austrian shoe retailer which owns the Humanic and Shoe4You brands, posted a loss of almost €35 million in 2020 compared to a net profit of €1.6 million in 2019, as revenues of its Austrian business dropped to €150.6 million from €194.6 million due to the ...
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News briefs
YNAP joins forces with Klarna
Yoox Net-a-Porter (YNAP), the fashion online retailer owned by the Swiss luxury goods group Richemont, has entered an international partnership with the Swedish retail banking, payment and shopping service Klarna. Thanks to the agreement, YNAP’s customers will be able to pay using Klarna’s ”buy now, pay later” solutions, including its ...
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Article
Alpargatas’ Q2 sales jump 71%
Alpargatas, the parent company of Havaianas and Osklen, reported sales of 1,095 million Brazilian reais (€177.8m-$209.2m) in the second quarter, up by 71.4 percent on the year earlier and 46 percent higher than the second quarter of 2019, led by growth on international markets, the continued expansion of its online ...
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News briefs
Designer Brands to be exclusive distributor of Hush Puppies in North America
The U.S. footwear producer and retailer Designer Brands will become the exclusive in-store distributor of Hush Puppies in North America from 2022. “DSW customers have enjoyed Hush Puppies for years, and we are delighted to become the sole physical destination for this iconic brand in North America,” said DSW’s chief ...
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News briefs
Melania declared bankrupt
On July 23, a court based in the Italian town of Fermo declared Melania Italia bankrupt following a request lodged by several employees. Melania was founded in 1966 by Manfredo Gironacci and the company filed for creditor protection in September 2020. The Fermo-based court accepted the request and gave the ...
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ArticleWeyco benefits from renewed demand for dress shoes
In the second quarter of 2020, the brands Florsheim, Nunn Bush and Stacy Adams of the U.S. company Weyco bounced back strongly thanks to renewed demand for dress shoes as people returned to their offices and social gatherings resumed with the easing of Covid-19 restrictions. It noted that Florsheim was ...
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News briefs
Wolverine buys Sweaty Betty
Wolverine Worldwide has bought Sweaty Betty, a fast-growing U.K.-based brand of women’s fitness and lifestyle apparel that was going to develop a collaboration with Merrell, which is owned by Wolverine, in the area of footwear. The all-cash transaction was closed on Aug. 2, giving the business an enterprise value of ...
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ArticleObuv Rossii enters kids market with Universal Studios license
Obuv Rossii Manufacture, which is part of Russia’s OR Group, has obtained a license from Universal Studios to produce and sell footwear under the brands Minions, Jurassic World, Trolls, and Spirit in Russia and other members of the Commonwealth of Independent States for 2.5 years. No financial details were released. ...
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Article
Zalando posts strong double-digit sales growth in Q2
Zalando posted group revenues of €2,733.1 million in the second quarter, up by 34 percent from the second quarter of 2020. The gross merchandise value (GMV) jumped by 40 percent to €3.8 billion. GMV is the value of all merchandise sold to customers after cancellations and returns and including VAT. ...
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News briefs
Russian shoe firms intend to hike prices on rising costs
Russian footwear companies said that they plan to raise prices in the coming few months due to higher costs. Andrey Pavlov, the owner of the Russian footwear producer and retailer Zenden Group, explained that prices are being driven up by logistics costs and raw materials. Pavlov claimed that disruptions in ...
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News briefs
Ukraine introduces sanctions against Wildberries
The Ukrainian government has imposed sanctions on Russia’s e-commerce leader Wildberries and its subsidiaries in Ukraine, Belarus, Poland and other countries, freezing the company’s assets for three years, banning capital withdrawal, business contacts and exchange of technologies among other things. In a statement, Ukrainian Minister of Culture Oleksandr Tkachenko explained ...
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News briefs
Iconix redeems its notes while merging with Lancer
The Iconix Brand Group has announced the full redemption of its outstanding 5.75 percent convertible senior notes, which were due in 2023, at their initial aggregate price of $125 million plus accrued interest, in connection with its planned merger with Lancer Capital on Aug. 4. The announcement coincided with the ...
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ArticleAlibaba Q1 revenues rise 34% but miss expectations
The Chinese e-commerce group Alibaba posted revenues of RMB 205.7 billion (€26.9bn-$31.9bn) in the first quarter ended June 30, an increase of 34 percent on the year earlier but below analyst expectations of a top line of at least RMB 209 billion (€27.3bn-$32.3bn) and lower than the 64 percent growth ...
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News briefs
Twitter tests an e-commerce feature for brands
Twitter has announced that it is beginning to allow businesses to add a shopping section at the top of their profile page. The “Shop Module” pilot has started with a dozen brands in the U.S. By tapping a product, the consumer reaches a listing with the option of making a ...
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Article
BasicNet posts double-digit sales increases in H1
BasicNet, the parent company of Kappa, Superga, Sebago, K-Way and other brands, has reported aggregated wholesale-equivalent sales of group products of €443 million in the first half of 2021, representing a 20.5 percent increase as compared to the same period last year. The figure includes commercial licensees’ sales of €334 ...
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ArticleWolverine raises FY outlook again after strong Q2
Wolverine Worldwide raised its guidance for the full year for the second time after achieving strong results in the second quarter ended July 3, led by the record quarterly sales performance by its two largest brands, Merrell and Saucony, on which the group has been investing more than on the ...
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ArticleAmazon’s sales slow down in Q2
Amazon posted net sales of $113.1 billion in the second quarter ended June 30, representing a 27 percent increase as compared to the prior year quarter. It was also, however, a significant slowdown from the second quarter of 2020, when sales jumped by 40 percent. Excluding the $2.5 billion favorable ...
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ArticleSquare to buy Afterpay in $29bn all-stock deal
The American fintech Square has reached an agreement to buy the Australian firm Afterpay in an all-stock deal with an implied value of about $29 billion based on Square’s share price on July 30. Afterpay specializes in buy now, pay later (BNPL) services. The transaction is expected to close in ...
