All Shoe Intelligence articles in Volume 24, Issue 17+18 – Page 4
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News briefs
Spartoo completes minority stake purchase in SAAJ
Spartoo has completed the acquisition of a minority stake in the French 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. The investment will enable the SAAJ brand to accelerate its development, according ...
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News briefs
ThredUP hires a chief marketing officer
U.S.-based company ThredUP, a large online resale service provider and platform for women’s and kids’ apparel, shoes and accessories, has hired Noelle Sadler as its chief marketing officer (CMO). She is the company’s first dedicated CMO in nearly five years and will report to president Anthony Marino, who previously oversaw ...
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News briefs
Lane Eight partners with Carbonfact to lower carbon footprint
Lane Eight, a U.S. performance footwear brand, has partnered with Carbonfact to achieve an assessment of its carbon footprint, which it aims to reduce to net zero by 2030. Lane Eight footwear is made using material such as eucalyptus, provided by Tencel, and algae, thanks to Bloom, as well as ...
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ArticleWeyco’s main brands rise sharply, Forsake’s relaunch scheduled next year
Weyco Group reported double-digit sales increases for its each of its four major footwear brands in the second quarter ended June 30, prompting total revenues to rise by 29 percent to $74.4 million from $57.6 million a year earlier. The group’s brands Florsheim and Stacy Adams saw their sales rise ...
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ArticleRocky Brands to hike prices in September to improve margins
Despite having increased prices at the beginning of 2022, Rocky Brands suffered a significant decline in second-quarter gross margin due to higher product and inbound freight costs coupled with higher logistics expenses. The company now plans another round of price increases in September. ”We raised our prices at the start ...
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News briefs
Global apparel and footwear sales to grow 2.6% a year
The size of the global apparel and footwear market is estimated at $1,395,930 million in 2021 and is forecast reach $1,496,720 million by 2028 with a compound annual growth rate of 2.6 percent between 2022 and 2028, according to a survey released by Absolute Reports.
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ArticleCrocs lowers its full-year outlook
Crocs lowered its annual revenue guidance and reported a significant decline in its second-quarer operating margin,. The company is now forecasting 14 to 17 percent constant currency revenue growth for its Crocs brand (10 to 13 percent on a reported basis) for the fiscal year to a range of ...
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ArticleAlibaba’s e-commerce sales decline
In Alibaba’s first quarter ended on June 30 revenues fell very slightly to RMB 205.555 billion ($30.689bn) from RMB 205.740 billion a year earlier due to a 1 percent decline in revenues in the China commerce segment to RMB 141.935 billion ($21.190bn), offset by revenue growth of the cloud segment ...
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ArticleZalando sees return to growth in H2
Zalando expects to return to growth in the second half of the year after posting a 4 percent drop in second-quarter revenues to €2.6 billion and seeing its adjusted Ebit slump to €77.4 million from €184.1 million a year ago. In the second quarter, the number of active customers grew ...
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News briefs
Next Q2 sales ahead of expectations
In the second quarter ended on July 30, Next’s full-price sales rose by 5.0 percent versus last year and were £50 million (€59.4m) more than it had expected. The British apparel retailer maintained its full-price sales growth guidance second half at 1.0 percent. But, Next increased its full-year profit guidance ...
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ArticleDella Valle wants to delist Tod’s
Tod’s’ main shareholder, Diego Della Valle, is offering €40 per share with the objective of delisting the Italian luxury goods company. The bid is being made by DeVa Finance, which is controlled by DI.VI. Finanziaria di Diego Della Valle & C,. and concerns 25.55 percent of Tod’s capital. The price ...
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