All Shoe Intelligence articles in Volume 24, Issue 11+12 – Page 5
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News briefs
Designer Brands buys Shoes.com
Designer Brands has bought the Shoes.com domain and associated intellectual property assets for an undisclosed sum, Footwear News reported citing the parent company of the U.S. footwear retailer DSW. A spokesman told Footwear News that Designer Brands did not buy any of Shoes.com’s underlying business assets. The last known owner ...
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ArticleMoncler sees footwear representing 10% of revenues
Moncler expects footwear to represent 10 percent of its revenues in 2025, driven by demand for luxury sneakers in the U.S. The Italian luxury goods brand, known for its down jackets, generated sales of €589.9 million in the first quarter of 2022, up a reported 61 percent on the year ...
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ArticleEMEA paces Havaianas’ growth for Alpargatas
Alpargatas realized 17 percent currency-neutral growth for its rubber sandal brand outside of Brazil in the first quarter to 342 million Brazilian reais (€58.2m) as total pairs sold increased 11 percent to 8.9 million. The EMEA region led Havaianas’ sales gains internationally, rising 25 percent currency-neutral to R$207.9 million (€35.4m) ...
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ArticleZalando launches a profit warning as sales decline for the first time
Zalando posts the first decline in quarterly sales of its history and launched a profit warning for the full year. In the first quarter, the German online retailer reported a 1 percent increase in the gross merchandise volume (GMV) to €3.2 billion, but a 1.5 percent decline in revenues ...
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ArticleBoohoo to source closer to U.K. as profits fall
Boohoo reported plunging annual profits as it was hit by Covid-19-related costs and surging return rates. In an effort to optimize its operations, the British online fashion retailer plans to increase sourcing from suppliers closer to the U.K., reduce inventory levels and cut costs. It will also focus resources and ...
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News briefs
Next Q1 sales in line with guidance
In the thirteen weeks to April 30, which corresponds to its fiscal first quarter, Next’s full price sales rose by 21.3 percent year-over-year, in line with the guidance of the British apparel retailer. The company maintained its full-year guidance of full price sales up by 5.0 percent, profits before tax ...
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News briefs
ThredUp debuts Recommerce 100 report
U.S.-based company ThredUP, a large online resale service provider and platform for women’s and kids’ apparel, shoes and accessories, has started a monthly index that tracks which brands and retailers have launched resale programs and monitors their potential impact on the planet. The monthly Recommerce 100 report, conducted by the ...
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ArticleRocky Brands posts strong Q1 sales, profits
Net income rose 61 percent to $7.34 million from $4.49 million for the period ended March 31, as total sales soared 90.5 percent to $167.03 million from $87.67 million. But the parent of the Durango and Xtratuf brands, among others, admittedly has work to be done cutting expenses and inventories ...
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ArticleVulcabras bolstered by sports brands, e-commerce
Vulcabras’ net income soared by 270 percent to 54.0 million Brazilian reais (€9.2m) in the first quarter of 2022. Operating earnings (Ebit) jumped by 203 percent to R$64.4 million (€10.9m) in the period ended March 31, as the gross margin increased by 1.2 percent to 35.2 percent versus 34.0 percent ...
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News briefs
Crocs releases 2021 ESG report
Crocs has released its 2021 environmental, social and governance (ESG) report, highlighting its efforts and plans to improve sustainability topics. As announced last year, the U.S footwear company plans to have become net zero and cut half of the emissions occurring during shoe production by 2030. Furthermore, Crocs wants to ...
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News briefs
Gucci to accept cryptocurrency payments
Gucci will begin to accept payments in cryptocurrencies in a selection of its U.S. stores at the end of May. The Italian fashion house owned by the French luxury goods conglomerate Kering will initially allow payments for purchases in cryptocurrencies in the following stores: Gucci Wooster in New York, Rodeo ...
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ArticleWeyco Q1 sales nearly double in Q1
Weyco Group’s revenues reached $81.4 million in the first quarter ended March 31, a record for the period and nearly double the $46.9 million seen the year earlier, when sales were heavily impacted by the Covid-19 pandemic. Revenues were 10 percent higher than the first quarter of 2019, ahead ...
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SponsoredLast-minute chance: Become an exhibitor at OutDoor by ISPO
The Who’s Who of the outdoor industry will meet from June 12 to 14 in Munich at the MOC. Your company is not there yet? Then use your last-minute chance.
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