All Shoe Intelligence articles in Volume 24, Issue 11+12 – Page 3
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News briefs
Allbirds opens two stores in the U.S.
Allbirds, the B Corporation certified Californian brand of footwear and apparel, opened two stores in the U.S., bringing its global network to 43 units. The brand opened a new 3,975 square foot space retail store and community center in Fulton Market. It is its third store in the Chicago area. ...
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News briefs
Pimkie is up for sale
The Mulliez family, which also owns Decathlon and Auchan, has put up the French clothing retailer Pimkie for sale only a few months after hiring a turnaround specialist, Philippe Favre, as CEO to relaunch the banner. Pimkie said in a statement that the Mulliez family is seeking an external investor ...
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ArticleGlobal footwear prices are expected to rise significantly due to higher costs
On average, global shoe prices will increase by 8.4 percent over the next six months, with a maximum rise of 9.8 percent forecast for Europe and a minimum surge of 5.7 percent expected in North America, according to a survey of experts published in the latest Business Condition Survey of ...
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News briefs
Richemont’s sale of YNAP is taking time
Richemont said that talks involving third parties to restructure its online retailing unit Yoox Net-a-Porter (YNAP) are proceding ”well” but require time. In November 2021, Richemont announced that it was in advanced talks to enhance its partnership with Farfetch. At the time, the Swiss group unveiled that the deal under ...
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News briefs
THG rejects a takeover offer
THG, also known as the The Hut Group, turned down a 170 pence (201 eurocents) per share takeover offer made by the private equity firms Belerion Capital Group Limited and King Street Capital Management. The British online retailer said that it had received a “third unsolicited, highly preliminary and indicative ...
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News briefsWendy Yang steps down from Deckers Brands’ performance lifestyle division
Deckers Brands has announced that Wendy Yang will step down from her role as president of performance lifestyle at the end of the month after seven years of leading the Hoka and Teva brands. Stefano Caroti, president of omnichannel and a 30-year industry veteran, will assume Yang’s duties on an ...
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News briefsLowa’s 2021 revenues over €229m
The German mountain, outdoor and everyday footwear manufacturer Lowa has ended 2021 with record figures for both the number of pairs of shoes sold and revenues, thanks to the ongoing boom for outdoor equipment. Sales climbed from 2.49 million pairs in 2020 to 3.17 million pairs in 2021. Meanwhile, revenues ...
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ArticleVans posts no sales growth in Q4
VF Corp reported a revenue increase of 9 percent to $2.8 billion (€2.65bn) in the fiscal fourth quarter ended April 2, although sales at Vans were flat during the period at $991 million (€938m). Group sales were boosted by a 15 percent increase in the EMEA region and 12 percent ...
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ArticleDeckers’ FY revenues top $3 bn for first time, Hoka set to surpass $1 bn
Net income rose by 106 percent to $68,819,000 from $33,458,000 for the three months ended March 31 as total revenues grew by 31 percent to $736.0 million from $561.2 million. Operating income rose to 11.0 percent from 10.1 percent. Deckers Brands’ gross margin declined to 48.7 percent from 53.2 percent, ...
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ArticleArezzo & Co posts best Q1 sales ever
Arezzo & Co posted record sales for a first quarter, with gross revenues reaching 1,042 billion Brazilian reais (€200.7m), up by 64 percent from the previous year and by 125 percent compared with the first quarter of 2019. The Brazilian company achieved 28 percent of its gross revenues with franchisees, ...
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News briefs
Russell and Bromley to open a store in Dublin
The British footwear brand Russell and Bromley plans to open a store in Dublin, its first outside its domestic market, this autumn. The 1,300 square-feet store will be located in Grafton Street and will comprise the brand’s men and womenswear collections. The chief executive, Andrew Bromley, described the opening as ...
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ArticleShoe Carnival returns to a normal product sales split
Shoe Carnival saw a return to retail normality in the fiscal first quarter, as the sales split moved back to the pre-pandemic division of 50 percent athletic and 50 percent non-athletic footwear. As expected, sales and earnings dipped in the three months ended April 30, as the U.S. retail chain’s ...
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ArticleShoe Zone resumes dividend distribution after paying back Covid loan
Shoe Zone reinstated dividend payments after having fully paid off the outstanding balance of 4.4 million pounds (€5.2m) of the Coronavirus Large Business Interruption Loan Scheme (CLBILS). The scheme was launched to during the Covid-19 pandemic to help medium and large sized businesses access loans and other kinds of finance ...
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News briefs
Zegna targets annual revenues above €2 bn
The Italian fashion house Ermenegildo Zegna is aiming for annual revenues of over €2 billion and an adjusted Ebit margin of at least 15 percent in the medium-term. In 2021, the company posted revenues of €1.292 billion and an adjusted Ebit margin of 11.5 percent. In the first quarter of ...
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News briefs
German painter Norbert Bisky designs new comfort shoe for Finn Comfort
The German shoe manufacturer Finn Comfort has partnered up with the Berlin-based artist Norbert Bisky to design a new comfort shoe. The figurative painter designed a limited leather comfort sneaker based on his 2013 series of works entitled “Masse”. Inspired by the Berlin club scene, they were exhibited as ...
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ArticleStuart Weitzman sales continue to recover
Stuart Weitzman, the footwear brand of the U.S. fashion group Tapestry, posted in the third quarter ended April 2 sales of $63.9 million, up by 11 percent on a reported basis and 10 percent at constant currency rates. Digital sales represented 20 percent of quarterly revenues. The group pointed out ...
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ArticleGeox confirms sales outlook despite Ukraine conflict
Geox confirmed a full-year target for sales of over €700 million after posting strong and accelerating growth in the year to date, although it warned the target could be challenging should there not be a rapid resolution to the conflict in Ukraine and highlighted persistent pressures on margins due to ...
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ArticleDesigner Brands launches a new store format
Designer Brands, the parent company of the footwear retailer DSW Designer Shoe Warehouse, has launched a new retail store format called “Warehouse Reimagined”. The new format is smaller, around 15,000 square feet rather than the typical 25,000 square feet of existing DSW stores, but Designer Brands’ chief executive officer, Roger ...
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ArticleGlobal second hand footwear market seen reaching $43.1bn in 2032
The global second hand footwear market is expected to grow by a compound annual growth rate (CAGR) of 12.5 percent reaching a valuation of $43.1 billion by the end of 2032, according to Persistence Market Research. The market will be mainly driven by growing importance of the sustainability concept. But ...
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News briefs
Golden Goose’s annual sales reach €386m
The Italian footwear and apparel company Golden Goose, known for its premium sneakers, posted sales of €385.6 million in 2021, up by 45 percent from a year earlier and by 328 percent from 2019. Revenues in the Americas rose by 75 percent compared with 2020 and by 111 percent from ...
