All Shoe Intelligence articles in Volume 24, Issue 13+14
View all stories from this issue.
-
PDF NewsletterShoe Intelligence Executive Edition: Vol. 24 - 13+14
Brazil footwear exports continue to rise strongly | Expo Riva Schuh continues to expand its International reach | Sioux looks forward to returning to direct personal contacts at trade shows | Hotter Shoes parent unveils partner brands for fashion, lifestyle platform | How Dr. Martens is handling the refurbished market | C-Suite interview: Safety Jogger to launch a workwear collection in November | Saye sees 2022 sales reaching €8m on new model launches | How a fast-growing Italian footwear e-tailer started as a game for two millennials | Tecovas poaches Deckers Brands’ CCO | Scarpa FY sales €134m, up 22% | Primark to trial a click-&-collect service in the U.K. | Zalando cuts its FY guidance again
-
News briefs
TikTok drops e-commerce plans in Europe, U.S. - FT
TikTok has abandoned plans to expand its live e-commerce initiative in Europe and the U.S., according to the Financial Times. The Chinese-owned company’s initiative called “TikTok Shop” was launched in the U.K. last year, its first market outside Asia. TikTok had planned to launch the feature in Germany, France, Italy ...
-
ArticleBrazil footwear exports continue to rise strongly
In May, Brazilian footwear exports rose by 19.8 percent in volume to 10.5 million pairs and by 59.5 percent in value to $104 million, according to data released by the Brazilian footwear association, Abicalçados. In the first five months of 2022, footwear exports rose by 30.2 percent in volume to ...
-
ArticleHotter Shoes parent unveils partner brands for fashion, lifestyle platform
Hotter Shoes parent company Unbound Group has unveiled the names of brands that will feature on its new fashion and lifestyle platform for its core customer demographic aged 55 years old or more. The site will start on July 28. The group is initially launching the offering in the fashion ...
-
ArticleKohl’s terminates talks to be bought by Franchise Group
The U.S. department store retail chain Kohl’s has put an end to talks to be taken over by the Franchise Group (FRG) at $60 a share. The offer valued Kohl’s at about $8 billion. Kohl’s said that its board “unanimously determined to conclude its strategic review process. The current financing ...
-
News briefs
EU, New Zealand conclude talks for trade agreement
After four years of talks, the EU and New Zealand concluded negotiations for a trade agreement. The deal includes sustainability commitments, including respect of the Paris Climate Agreement and core labour rights, which are enforceable through trade sanctions. The agreement is the first one to integrate the EU’s new approach ...
-
News briefs
Inov-8 appoints a new CEO
The British sports brand Inov-8 has appointed Mike Snell as its new CEO. Snell is commercial director for the supermarket chain Asda and will join Inov-8 in October. Inov-8 is currently managed by its founder Wayne Edy, who bought back the company in 2020 after selling it to Descente in ...
-
News briefs
Global luxury market to grow 6% annually to 2026
After returning to pre-Covid levels in 2021, the global luxury industry is forecast to rise by 6 percent annually, on average, to reach €494 billion in 2026 against an estimated €388 billion this year, according to a survey by the Boston Consulting Group and the French luxury goods association, Comité ...
-
News briefs
StockX to lay off 8% of workforce
StockX plans to lay off 8 percent of its workforce. The Detroit-based company employs more than 1,500 people. The sneaker marketplace cited “macroeconomic challenges currently impacting our global economy continue to affect consumer behavior” as the reason, as well as the need to “adapt and pivot to deliver the highest ...
-
News briefs
Wolverine sells Champion footwear license to HanesBrands
Wolverine Worldwide has announced that its wholly-owned subsidiary Keds, LLC has sold the Champion trademarks for footwear in the U.S. and Canada to HanesBrands Inc for $90 million in cash. As part of the agreement, Wolverine retains a perpetual license to continue using the Champion trademark on certain footwear styles, ...
-
News briefs
Frasers buys stake in MySale
Frasers Group, the owner of Sports Direct, has acquired a 28.7 percent stake in MySale, an off-price fashion marketplace headquartered in Sydney. The financial terms of the deal have not been disclosed. Frasers explained that the move will allow end-of-line group products to be cleared via an established clearance channel. ...
-
News briefs
H&M Q2 sales up 12% in local currencies
In the second quarter running from March 1 to May 31, H&M grew net sales by 17 percent to SEK 54.504 billion (€5.96bn) with a 12 percent increase in local currency terms. Excluding Russia, Belarus and Ukraine, sales were up by 17 percent in local currencies. Gross profit increased to ...
-
News briefs
Shoe Zone sees FY adjusted pretax profit of at least £8.5m
Shoe Zone expects adjusted profit before tax for the full year ending on Oct. 2, to be “not less” than £8.5 million (€9.8m). The British footwear retailer said that since the publication of its interim results in May its business has been trading well and has also seen strong margin ...
-
News briefs
Global luxury goods market to approach $300 bn in 2026
The global luxury goods market is expected to reach $296.9 billion by 2026, according to the report “Global Luxury Goods Industry” released by Reportlinker.com. This compares with an estimated size of the market of $224.8 billion in 2020 and represents a compound annual growth rate (CAGR) of 4.8 percent over ...
-
News briefs
Skechers opens a superstore in New Jersey
Skechers has opened its biggest East Coast retail destination in New Jersey. The nearly 22,000-square-foot store is on the second floor of The Mills at Jersey Gardens retail center. The superstore features dedicated Skechers Performance and Skechers Work shop-in-shop areas, a 4,000-square-foot dedicated Skechers apparel shop, as well as a ...
-
News briefs
Gucci’s Pigini unit to build a new upper plant in Italy
Pigini, a footwear subsidiary of the fashion house Gucci, will buid a new production site in Recanati, in the Italian region of the Marche, home to a large footwear cluster. The more than 10,000 square meter facility is expected to employ about 400 people in three years’ time and will ...
-
News briefs
Spartoo buys a minority stake in the brand SAAJ
Spartoo has signed an agreement to buy a minority stake in the brand SAAJ through a capital increase. No further financial details were released. SAAJ is a fast-growing digital native brand, founded in 2016 by Maelys and Jérémy. ”It stands out for its original creations entirely designed and realized ...
-
News briefs
China shortens Covid quarantine to 10 days for incoming visitors
China has decided to cut the mandatory quarantine period for incoming visitors to 10 days from up to three weeks previously, according to new Covid-19 guidelines from the national health commission. People entering the country must now spend seven days in a government-controlled facility before monitoring their health a further ...
-
News briefs
German consumer confidence falls to record low - GfK
After the U.K., German consumer confidence is estimated to have dropped to record low due to the war in Ukraine and rising inflation. Consumer confidence in Germany in July is expected to decline to a record low of -27.4 from -26.2 points in June, revised from a preliminary estimate of ...
-
ArticleSaye sees 2022 sales reaching €8m on new model launches
Saye, a fast-growing Barcelona-based company specialized in sustainable footwear, posted sales of €5 million in 2021, up by 80 percent year-over-year, and expects the top line to reach more than €8 million this year. Growth will be supported by the launch of four new models in the coming months compared ...
