All Shoe Intelligence articles in Volume 24, Issue 17+18 – Page 2
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ArticleOR Group puts its Siberian shoe factory up for sale
The Russian shoe retailer OR Group, formerly known as Obuv Rossii, has started searching a buyer for its Berdsk-based shoe factory S-TEP, the Novosibirsk regional government said in a statement. S-TEP suspended operations on Aug. 1 due to financial difficulties. The factory was launched in the early 2000s and currently ...
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ArticleShoe Carnival Q2 hit by lack of athletic inventory
Shoe Carnival’s net sales in the second quarter ended on July 30 fell by 6.0 percent year-over-year to $312.3 million. Nevertheless, it was the group’s second highest second-quarter sales ever and the top line was up by 16.4 percent compared with the second quarter of 2019, prior to the outbreak ...
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News briefs
Skechers picks Myleene Klass as brand ambassador
Skeckers has signed on the musician, presenter and entrepreneur Myleene Klass as ambassador for the brand’s footwear and apparel offering across the U.K. and Ireland.
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News briefsGlobal luxury footwear market seen at nearly $26bn this year
The global luxury footwear market is expected to grow by 5.8 percent from $24.37 billion in 2021 to $25.78 billion in 2022, according to the Luxury Footwear Global Market Report 2022 available on ResearchAndMarkets.com. North America was the largest market for luxury footwear in 2021 followed by Western Europe. The ...
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News briefsOnly two foreign brands entered Russian market in H1
In the first half of 2022, only two foreign brands, the Chinese sporting goods supplier Li-Ning and the perfume company Vilhelm Parfumerie, entered the Russian fashion market, which is the lowest figure since 2014, according to a research conducted by Knight Frank Russia. On the other hand, nearly 180 brands ...
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News briefsZegna improves FY guidance
Ermenegildo Zegna posted a net profit of €21.02 million in the first half of 2022, down from €32.23 million a year earlier, while sales rose by 21 percent to €729 million. During the period, adjusted Ebit grew to €82.69 million from €66.81 million and the margin widened to 11.3 percent ...
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News briefs
Farfetch Q2 earnings decline but sales rise
Farfetch, the British internet platform for luxury goods, realized an 18.7 percent decline in attributable profit to $70.5 million in the second quarter ended June 30 from $86.6 million a year earlier. Ebit was down by 29 percent to $60.4 million from $84.7 million as the operating loss widened by ...
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ArticleRichemont to sell majority stake in YNAP to Farfetch and Emirati businessman
Richemont has signed a deal to initially sell a 47.5 percent stake in its online fashion retailing unit Yoox Net-a-Porter (YNAP) to Farfetch and a 3.2 percent stake to Symphony Global, one of the investment vehicles of the Emirati businessman Mohamed Alabbar. The move will make YNAP a neutral distribution ...
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ArticleCaleres raises sales outlook after record Q2
Caleres maintained its guidance for earnings in the full year and raised and tightened its outlook for sales after a record second quarter for sales and earnings, projecting that it would maintain its momentum despite high inflation and uncertainties about consumer spending. Sales in the three months ended July 30 ...
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News briefs
Clarks US picks TPP Retail for labelling
Clarks US, the American unit of the British footwear group Clarks, has chosen TPP Retail’s Label IQ application to provide a comprehensive labelling solution for its stores. The TPP Retail’s solution was already rolled out in the group’s stores in the U.K., Ireland and Europe. “The TPP solution was a ...
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News briefs
Tapestry’s CFO takes on the extra role of COO
Tapestry, the New York-based fashion house which owns Coach, Kate Spade and Stuart Weitzman, announced that its chief operations officer (COO), Tom Glaser, 61, has decided to retire. He will remain with the company until Oct. 1. Scott Roe, who has been chief financial officer since June 2021, has taken ...
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News briefsUFG strikes a licensing deal with Lyle & Scott
Unlimited Footwear Group (UFG) has entered a licensing agreement with the British brand Lyle & Scott, under which the Dutch footwear group will design, produce and distribute all upcoming branded Lyle & Scott footwear collections throughout the entire European Union, the U.K., Switzerland, Scandinavia and the U.S. The Lyle & ...
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News briefs
Macy’s cuts FY guidance on deteriorating consumer spending
In the second quarter ended July 30, the net sales of the American department store chain Macy’s slipped to $5.600 billion dollars from $5.647 billion a year earlier as comparable sales were down by 1.5 percent for owned stores and down by 1.6 percent for owned and licensed stores. Digital ...
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News briefs
Adidas' CEO to step down in 2023
Adidas said that its CEO, Kasper Rorsted, and the supervisory board have mutually agreed upon that Rorsted will hand over the CEO position during the course of 2023. The search for a succession has started, the German sportswear group added. Rorsted will remain CEO until a successor has been ...
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News briefs
Diego Della Valle files document to delist Tod’s
Tod’s said that its main shareholder, Diego Della Valle, has filed documents with the Italian market regulator Consob for a public offer to delist the Italian fashion house from the Milan stock exchange. As announced earlier in August, DeVa Finance, which is controlled by DI.VI. Finanziaria di Diego Della Valle ...
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News briefsMexico footwear industry faces slow recovery
Mexico’s footwear industry may not return to pre-Covid-19 production levels before 2024, according to Ignacio Irurita, vice president of the local trade association Canaical. The country produced 190.5 million pairs of shoes in 2021, up about 20 percent from 2020 but about 60 million pairs less than in 2019. Irurita ...
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ArticleGrendene sees sales jump as Brazilian market recovers
Grendene saw its revenues in the second quarter of 2022 jump by 46.5 percent to 641.4 million reais (€123.5m), as its domestic sales surged by 49.4 percent to R$498.6 million (€96.0m) after an 8.9 percent drop in the previous quarter and export revenues improved by 37.4 percent to R$142.8 million ...
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ArticleBrazilian footwear exports continue to be strong
In July, Brazilian footwear exports rose by 35.3 percent in volume to 12 million pairs and by 50.8 percent in value to $111.8 million, according to data released by the Brazilian footwear association, Abicalçados. In the first seven months of 2022, footwear exports rose by 31.8 percent in volume to ...
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ArticleArezzo continues to post record sales
After a record-breaking first quarter, Arezzo & Co posted its highest sales for a second quarter, with gross revenues reaching 1,165 million Brazilian reais (€224.5m), up by 65.1 percent from the previous year and by 138.0 percent compared with the second quarter of 2019. The Brazilian company achieved 24.8 percent ...
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News briefs
U.S. footwear imports rise sharply in H1
Trade data released by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis showed that in first half of 2022, seasonally-adjusted U.S. footwear imports rose to $13,576 million from $9,451 million a year earlier. In the sole month of June, imports reached $2,449 million against $2,580 million in ...
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