All Shoe Intelligence articles in Volume 24, Issue 1+2 – Page 3
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News briefs
CPC sells JackRabbit to Fleet Feet
CriticalPoint Capital (CPC), a Californian private investment firm, has completed the sale of JackRabbit, a running specialty retailer in the U.S., to Fleet Feet, an American franchisor of locally owned and operated running stores. CPC entered the footwear industry in early 2017 with the acquisition of JackRabbit. In October 2020, ...
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News briefs
Shoe Carnival pledges $100,000 to tornado victims
Shoe Carnival pledged to donate $100,000 to the American Red Cross. The donation will benefit relief efforts for those affected by the tornadoes that devastated portions of the South and Midwest of the U.S. from late Dec. 10 to early Dec. 11. Shoe Carnival stores in Arkansas, Illinois, Indiana, Kentucky, ...
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News briefs
Genesco to hold Etonic license in U.S., Canada
Genesco has signed a three-year licensing agreement with the running brand Etonic making it the exclusive footwear licensee in the U.S. and Canada. The deal includes two three-year renewal options, which would extend the partnership through to Jan. 31, 2030. Genesco will design and manufacture Etonic brand lifestyle footwear for ...
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News briefs
Brian Atwood launches a new collection
Brian Atwood is launching a new footwear collection with his brother Zak Rodriguez. The new collection will be called Il Fratellino (the little brother in Italian) and is scheduled to be launched in spring 2022. It will target young customers and will be inclusive and sustainable, according to the designers. ...
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News briefs
Skechers extends and expands its credit facility
Skechers has expanded its senior unsecured credit facility from $500 million to $750 million, extending its maturity date from November 2024 to December 2025. It will retain a $250 million accordion feature that allows the company up to $1 billion worth of liquidity. The syndicate of lenders features Bank of ...
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ArticleBoohoo warns returns, weak U.S. sales are hitting profits
The British fast-fashion retailer Boohoo issued a profit warning on its full-year profits because of higher returns in the U.K. and a weaker-than-expected performance in the U.S. The company now expects a net sales growth of 12-14 percent, down from a previous growth guidance of 20-25 percent, for the year ...
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ArticleU.K. clothing sales above pre-Covid levels
In November, for the first time, sales of clothing stores in the U.K. surpassed their pre-Covid levels, according to the Office for National Statistics (ONS). Clothing stores reported an increase of 2.9 percent month-over-month in sales volumes, which were 3.2 percent above levels in February 2020, the last month not ...
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News briefs
H&M returns to pre-Covid levels
In the fourth quarter ended Nov. 30, the Swedish fashion retailer H&M posted fourth quarter-revenues of SEK 56.813 billion (€5.53bn-$6.22bn), up by 8 percent from a year ago, while in the full year the top line was up by 6 percent to SEK 198.967 billion (€19.38bn-$21.79bn). In local currencies, fourth-quarter ...
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Article
Inditex posts record Q3 results
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Uterqüe, posted revenues of €19.33 billion in the first nine months to Oct. 31, up by 37 percent from a year earlier, and a gross margin of 59 percent after posting record-breaking third-quarter results. ...
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News briefs
Francesco Russo to create a capsule with Charles de Vilmorin
The Italian shoemaker Francesco Russo, which is a supplier of the Italian fashion house Salvatore Ferragamo, has teamed up with the French designer Charles de Vilmorin to create a capsule of five shoe styles. The collection, retailing from €595 to €1,500, will be available on Francesco Russo’s website and at ...
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News briefs
Michele Norsa to leave Ferragamo at year end
Salvatore Ferragamo’s executive vice chairman Michele Norsa will leave on Dec. 31, 2021, ahead of the arrival of the company’s new chief executive, Marco Gobbetti, who starts on Jan. 1, 2022. Norsa was the company’s CEO from 2006 to 2016. He rejoined the company in May 2020 to help ...
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