All Shoe Intelligence articles in Volume 23, Issue 44+45 – Page 2
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ArticleNice Footwear valued up to €16.5m in IPO
Nice Footwear, an Italian company specializing in sneakers, presented a request to be listed on the Euronex Growth market in Milan. The company set a price range of €9.00-€11.00 per share, valuing the company between €13.5 million and €16.5 million. The valuation does not include the possible proceeds of the ...
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News briefs
Hoka collaborates with Moncler
Hoka One One has collaborated with the outdoor brand Moncler to produce a limited edition of its Mafate Speed 2 trail running shoe. The Mafate S is designed for both mountains and, thanks to the addition of reflectors, city streets. The outsole is made of Vibram Megagrip, the detailing is ...
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News briefs
Allbirds opens its first store in New Jersey
Allbirds, the B Corporation certified Californian brand of footwear and apparel, has opened a 3,140-square-foot retail store and community center at the Garden State Plaza in Paramus. It is the brand’s first store in New Jersey and 35th globally, with locations across North America, Asia and Europe. Displays around the ...
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News briefs
American Exchange Group enters a partnership with Aerosoles
American Exchange Group has entered a partnership with the footwear brand Aerosoles to deliver a value-oriented footwear line. Together the two companies will collaborate on the design, branding and strategy for a new Aerosoles collection targeted to the mass and off-price channels. “This partnership marks an exciting new chapter in ...
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ArticleAlpargatas to invest €92 million to finance Havaianas expansion
Alpargatas will invest 600 million Brazilian reais (€92.0m-$106.4m) in 2022 to meet growing demand for its Havaianas brand. The investment will be destined to the expansion of manufacturing capacity and of the logistics network, especially in Brazil, as well as to product development. The Havaianas is the company’s key brand ...
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ArticleGrendene’s Q3 sales rise thanks to higher prices
The Brazilian shoemaker Grendene posted third-quarter gross revenues of 818.3 million reais (€125.5m-$145.2m), up by 5.9 percent from a year earlier despite a decline in sales volumes, which was offset by higher prices per pair. It was the company’s highest ever third-quarter revenues. Unit sales fell by 17.1 percent to ...
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ArticleMost U.S. footwear companies plan to increase the use of sustainable materials
Sustainability continues to be a hot topic for U.S. footwear companies with 69 percent planning to use more bio-materials or recycled content in their upcoming collections while 49 percent of them are already asking material suppliers for certifications or life cycle assessments to verify claims, according to the 2021 Shoe ...
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ArticlePons Quintana expects stable sales in 2021
The Menorcan footwear company Pons Quintana expects 2021 sales to be stable compared with last year when the top line dropped by 17 percent due to the impact of the Covid-19 pandemic. The company exports about 80 percent of its footwear, its main foreign markets being Italy, Germany, France, the ...
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ArticleA strong quarter and a new CFO for Boot Barn
Boot Barn posted a strong recovery from last’s year Covid-19-related lockdowns and appointed a new chief financial officer. Net sales of the California-based shoe retailer were $312.7 million in the second fiscal quarter ended Sept. 28, up from by 69.5 percent year-over-year and up by 67.1 percent from the same ...
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News briefs
VF appoints new investor relations head
VF Corp. has appointed Allegra Perry to the position of vice president, investor relations, effective Jan. 2022. She will report to VF’s chief financial officer, Matt Puckett, and work closely with the group’s executive leadership team and executives across the company’s 12 brands, including The North Face, Timberland, Vans and ...
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News briefs
Puma raises FY sales guidance
Puma raised its outlook for full-year sales after reporting solid growth in sales and earnings in the third quarter ended Sept. 30 despite persistent supply chain headwinds and difficulties for Western brands in China. Sales in the three month period increased by a reported 20.0 percent to a quarterly record ...
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News briefs
Wolverine amends its credit facilities
Wolverine Worldwide has amended and extended its credit agreement with JP Morgan Chase, refinancing a $200 million term loan and taking its existing revolving credit up from $800 million to $1 billion. The maturity of both credit facilities has been stretched to end on Oct. 21, 2026. There was an ...
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News briefs
BasicNet boosts sales, Ebitda
BasicNet said its Ebitda for the third quarter ended Sept. 30 was 23.7 percent higher than in the same period of a year ago and 6.3 percent higher than in the third quarter of 2019. Without providing a quarterly breakdown for other key indicators, the Italian-based parent company of Kappa, ...
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News briefs
Galaxy will buy Sequential’s active brands for $330m
Galaxy Universal announced that it has won the auction for the active brands portfolio of the bankrupt Sequential Brands Group, which includes And1, Avia, Gaiam and SPRI. The $330 million deal, which is still subject to court approval, is expected to close in mid-November. Galaxy had already made a “stalking ...
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ArticleSkechers sees 19% sales gain in Q3, but supply chain woes will stretch into 2022
Skechers saw revenues in the third quarter ended Sept. 30 rise by 19.2 percent to a record $1,551 million, an achievement that the company described as “remarkable” amid supply chain bottlenecks that have constrained sales growth and are seen extending into 2022. At constant currency rates, sales rose by 17.1 ...
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ArticleDeckers’ Q2 sales grow by 16% on Hoka’s gains, but margins are squeezed
Deckers Brands saw revenues increase by 15.8 percent to $721.9 million in its second quarter ended Sept. 30, led by the continued strong performance of its Hoka brand, but delays in deliveries capped top line growth at Ugg. On a constant-currency basis, revenues increased by 14.8 percent, but net earnings ...
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ArticleItalian luxury sector expects a rebound in U.S., European sales
Italian luxury firms are currently focusing on the Asia Pacific region but they expect a sales rebound in key markets such as Europe and the U.S. following the slump caused by the Covid-19 pandemic. An omnichannel strategy will remain a key driver to reap the benefits of the expected growth, ...
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ArticleEmerging designer: Marcus Alexander launches on Stitch Fix
On Oct. 8, rising shoe designer Marcus Thomas, CEO & Creative Director of Marcus Alexander, saw four of his sneaker designs launch on Stitch Fix, the U.S.-based online personalized shopping site, which is also available in the U.K. U.S.-born Marcus Thomas, along with five other entrepreneurs in fashion, is the ...
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