All Shoe Intelligence articles in Volume 24, Issue 1+2
View all stories from this issue.
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ArticleShoe Zone returns to an annual profit
Shoe Zone swung to an annual profit, driven by lower costs and online sales as it aimed to push forward with its “Big Box” and hybrid store expansion strategy. Annual pre-tax profit for the year to Oct. 2 was £9.5 million (€11.4m-$13.0m) compared with a loss of £14.6 million in ...
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PDF NewsletterShoe Intelligence Newsletter: Vol 24 - 1+2
Industry marked by IPOs and takeovers in Q4 | Italian shoemakers’ revenues up 16.2% | Portuguese shoemakers to invest €140m | Alpargatas buys a 49.9% stake in Rothy’s | Hotter Shoes sales up 9% over Xmas | Shoe Zone returns to a profit | Crocs buys Heydude for $2.5bn | Boot Barn’s Q3 sales reach $486m | Skechers downsizes its board | Texon launches a more sustainable heel-counter
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News briefs
CTC names Françoise Nicolas as general director
Centre Technique du Cuir (CTC), the French-based research and training group that redistributes funds collected among its members to support the national leather industry, has appointed Françoise Nicolas as its general director. Her primary objectives will be to support the leather industry in digital transition, sustainable development and skills management. ...
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News briefs
Rizzo’s debt restructuring to be discussed Jan. 24
The Stockholm District Court will hold hearings on Jan. 24 to discuss a debt restructuring proposal for Rizzo and its subsidiary Rizzo International. The court also approved to Rizzo’s request to extend its restructuring period for an additional three months to March 21. The Swedish retailer’s composition offer involves the ...
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Article
Global orthopedic footwear sales to rise nearly 6% a year
The global orthopedic footwear industry is expected to reach $11,741 million by the end of 2028 compared with $7,513 million in 2020, representing a compounded average growth rate (CAGR) of 5.85 percent over the period, according to Kenneth Research. In a recently released report called “Orthopedic Footwear Market: Global Demand ...
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Article
Hotter Shoes revenues up 9% over Christmas
Hotter Shoes’ revenues jumped by more than 9 percent during the key November-December trading period as its soon-to-be rebranded parent company gets set to list on the AIM segment of the London Stock Exchange (LSE) at the end of January. In a trading update, Electra Private Equity – which will ...
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Article
Boot Barn's Q3 sales reach $486m
In its third fiscal quarter ended Dec. 25, Boot Barn posted net sales of $485.9 million, up by 71.1 percent from the quarter ended Dec. 28, 2019, according to preliminary data released by the company. Compared with two years ago, same-store sales increased by 61.0 percent, including an increase in ...
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News briefs
Crocs improves its 2021 sales guidance
Crocs expects to post record 2021 revenues with growth reaching 67 percent against 2020. This compares with a previous guidance of a 62-65 percent sales increase. The company also estimates adjusted operating margin of nearly 30 percent in the full year. It noted that share repurchases in 2021 reached $1 ...
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ArticleShoe industry marked by IPOs and takeovers in Q4
The footwear industry witnessed further extraordinary finance transactions during the fourth quarter as companies continue to take advantage of the abundant liquidity injected into the financial system by central banks worldwide to shore up the economy after the Covid-19 outbreak last year. Allbirds, the loss-making California-based producer of Wool Runner ...
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News briefs
Superfeet founder passes away
Dennis Brown, the founder of Northwest Podiatric Laboratory and Superfeet Worldwide, a leading American supplier of comfort insoles, died on Dec. 31 at his home in Blaine, Washington. He was 96 years old. He started Northwest Podiatric Laboratory in 1964, where he developed patented orthotic products and casting techniques. ...
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ArticlePortuguese shoemakers to invest €140m to bolster their competitiveness
The Portuguese footwear industry will invest €140 million over the next three years through Cluster do Calçado e Moda (the footwear and fashion cluster), a progam led by Apiccaps, the Portuguese footwear, components and leather goods manufacturers association, and the Portuguese footwear technological center, CTCP, to become “the international reference ...
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News briefs
Shopping via social media seen reaching $1.2 trillion in 2025
Shopping through social media platforms is expected to grow three times as fast as traditional e-commerce, according to a report issued by Accenture. Boosted by the Covid pandemic, it should rise from $492 billion a year to $1.2 trillion globally by 2025. The report shows that 64 percent of the ...
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News briefs
A new sustainable collab between Adidas and Prada
Adidas has unveiled a new partnership with Prada with a sustainable twist. The new Adidas for Prada Re-Nylon collection consists of a wide range of Adidas Originals products made in Italy with the permanently recyclable Re-Nylon fabric introduced by Prada in 2019, which is made by recycling textile waste and ...
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News briefs
ABG cancels its IPO registration
The Authentic Brands Group has officially withdrawn the application that it had made with the U.S. Securities & Exchange Commission on July 6, 2021 for an initial public offering. ABG, which is still in line to take over Reebok before the end of the current quarter, had indicated in November ...
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News briefs
Eram appoints a new head for its downtown stores
The French footwear retailer Eram has appointed Antony Bâcle to head its retail business, which includes the group’s Eram, Texto, Bocage and Mellow Yellow stores, operating in downtown areas. Bâcle, who has been with the Eram group for nearly 13 years, was previously in charge of operations for the business, ...
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News briefs
Dr. Martens’ main shareholder sells down its stake
IngreLux, a Luxembourg company owned by funds advised by the investment firm Permira, has sold 65 million ordinary shares in Dr. Martens at a price of 395 pence (€4.73-$5.35) each in a placing, raising gross proceeds of approximately £257 million (€307.7m-$347.8m). The price represents a 6 percent discount from the ...
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News briefsCher is the new face of Ugg
Ugg has chosen Cher to feature in its latest marketing campaign. The brand dispatched Neil Favila to the singer’s house in Malibu, California, to photograph her while she meditated, watched movies and discussed her values and social causes. Cher donned Ugg’s Classic Mini and Coquette for the occasion. ...
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News briefs
Expo Riva Schuh has 520 exhibitors confirmed
Expo Riva Schuh & Gardabags, the Italian footwear and accessories exhibition scheduled in Riva del Garda from Jan. 15 to 18, has 520 confirmed exhibitors from 32 countries, mainly Italy, Turkey, Spain, Portugal and India. The exhibitors will be presenting their 2023 autumn/winter collections. The trade show noted that registrations ...
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ArticleItalian shoemakers' revenues seen rising 16.2% in 2021
Revenues for Italian footwear manufacturers is expected to rise by 16.2 percent in 2021, but would remain about 10-15 percent below the levels registered in 2019, before the onset of the Covid-19 pandemic, according to a survey carried out in October by Confindustria Moda’s research center among the members of ...
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News briefs
Sergio Rossi to open a store in Milan’s Spiga 26 hub
The Italian shoe maker Sergio Rossi has decided to rent an about 200-square-meter space at the Spiga 26 hub located in the heart of Milan’s fashion district. Sergio Rossi is the second tenant of the real estate project after the brand Moschino, owned by the fashion group Aeffe. The shoemaker’s ...
