All Shoe Intelligence articles in Volume 24, Issue 21+22
View all stories from this issue.
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PDF NewsletterShoe Intelligence Executive Edition: Vol. 24 - 21+22
Global footwear market to enjoy sustained growth in the coming years | Data fails to show significant reshoring is underway | Brazilian exports already exceed the whole of 2021 | Shoe Zone lifts earnings guidance as revenues surge | Sante + Wade plans to expand to physical stores | Frasers Group buys Australia’s Sneakerboy out of administration | Tod’s’ first delisting attempt fails | Zegna Q3 sales up 27.5% | Future Fashion enters a new financing round | Berkemann takes over Däumling | Mephisto launches its Nature Is Future collection worldwide | How Dirty Harry helped a Spanish shoemaker conquer the world from his garage | Russian shoe factories ramp up military production | Russian children’s footwear market faces turmoil | Skechers cuts Q4 outlook as Q3 net dips | VF braces for weaker consumer environment, lowers FY outlook | Boot Barn lowers its full-year guidance | Spartoo H1 GMV falls 1.6% as demand slows | The global secondhand market has tripled since 2020 | Asos to write off stock as new CEO launches reorganization
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ArticleRussian children’s footwear market faces turmoil
The bankruptcy of Russia’s leading manufacturer of children’s footwear heralds harsh times for the industry, which is facing supply issues, higher costs and a shrinking product line. Skorokhod, a St. Petersburg-based shoe factory, has gone bust, dragged down by the weight of its debts. It was one of the largest ...
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News briefs
Swiss consumer sentiment at record low
Consumer sentiment in Switzerland has continued to decline, falling to -46.6 points in October from -41.7 in July, and reaching its lowest level since the consumer survey began in 1972, according to the State Secretariat for Economic Affairs. The decline comes amid high inflation and cloudy economic prospects, although perceptions ...
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News briefs
EU considering further Belarus sanctions
The European Union will examine the possibility of imposing sanctions against Belarus for its role in supporting Russia in its war against Ukraine, according to Czech prime minister Petr Fiala. The Czech Republic holds the rotating presidency of the European Union. “We are currently examining…Belarus’ role and the potential need ...
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News briefs
Nike launches shoe recycling program on Alipay
Nike Greater China has joined Ant Group’s Green Energy Initiative and launched an official mini-program on Alipay to encourage more Chinese consumers to recycle worn-out shoes. Consumers can search for the “Recycle-A-Shoe” mini-program on the Alipay app and have their old Nike shoes picked up. The shoes are then disassembled ...
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News briefs
Russian e-commerce up by 39%
In the first eight months of 2022, Russia’s e-commerce industry experienced a 39 percent year-over-year rise in sales to 3.08 trillion rubles (€51.6 bn), the Association of Internet Trade Companies (AKIT) reported. In 2022, Russia’s e-commerce revenues are expected to exceed 5 trillion rubles (€83.7 bn), Artem Sokolov, the ...
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News briefs
Ilse Jacobsen passes away
Ilse Rohde Jacobsen died on Oct. 23 at the age of 62. The Danish designer had been fighting cancer since last summer, according to a statement by her company IJH A/S. ”She fell asleep peacefully surrounded by her family,” the statement said. According to the daily B.T., Jacobsen was stricken ...
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ArticleBerkemann takes over Däumling
From Nov. 1, the Berkemann Group is taking over the children’s footwear brand Däumling and its shoe factory in Bruchweiler, in Rhineland-Palatinate. The brand is being bought from the the founding family and all 50 employees at the German site will be retained. “With this step, we are expanding our ...
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News briefs
Baffin launches a new women’s boot
Baffin, a Canadian producer of outdoor performance footwear and apparel, has launched Jasper, a new women’s boot available online on Baffin.com and in select outdoor retailers in North America. The model is an expansion of the Canadian Collection which launched in the fall of 2021. Baffin is committed to manufacturing ...
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News briefs
Allbirds cuts carbon footprint by 12%
Allbirds, the B Corporation certified Californian brand of footwear and apparel, cut by 12 percent its average product carbon footprint between 2020 and 2021, according to its latest sustainability report. “We have a specific, actionable plan to cut our per product carbon footprint in half by 2025 and drive ...
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ArticleMilspeed recycles fishing nets for shoe components
Milspeed, a U.K.-based manufacturer and supplier of footwear components, has revealed that since March 2020, it has been working on a program to reprocess discarded nylon fishing nets and recycle them into plastic shoe parts, such as toe puffs and counter material. The initiative, called Ocean Recovery Project, is carried ...
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News briefs
Global kids’ footwear market to grow 8% a year
In a report called “Global Children Shoes Market 2022-2026” the market research firm Reportlinker.com estimates that the market will grow $5.32 billion over the period, representing a compound annual growth rate (CAGR) of 8 percent. The study identifies the introduction of smart shoes as one of the prime reasons driving ...
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News briefs
Clarks opens first U.S. store in 3 years
Clarks opened a 2,300 square feet store in the Amerian Dream mall in East Rutherford, New Jersey. It is the first store opened by the British footwear brand in the U.S. in three years. In an interview with Footwear News, Gary Champion, the president of Clarks Americas, said “this store ...
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ArticleDeckers sees big potential for Hoka brand
Deckers Brands believes its Hoka brand, already wildly successful, has plenty of upsides ahead as a head-to-toe brand serving running, trail and hiking consumers worldwide like rivals Salomon and VF Corp.’s North Face, and less like running-centric Brooks. “We are re-looking at our category approach,” proclaimed Dave Powers, president ...
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News briefs
Rugged outdoor footwear market rebounds in 2021
After a disappointing 2020, impacted adversely by the global pandemic, the global branded outdoor shoe market returned to growth last year. Worldwide rugged outdoor footwear sales climbed 28 percent higher to $6,756 million in 2021, based on research conducted by the Outdoor Industry Compass in partnership with Sporting Goods Intelligence. ...
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News briefs
BasicNet posts strong 9-month results
BasicNet, the Italian parent of various brands including Kappa, K-Way, Sebago, Superga and Sabelt, generated a 31 percent increase in Ebitda to €44.1 million from €33.6 million for the nine months ended Sep. 30. Ebit increased 37 percent to €33.3 million over the period. A 30 percent improvement in consolidated ...
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Article
VF braces for weaker consumer environment, lowers FY outlook
VF Corp is maintaining its full-year revenue growth guidance of 5-6 percent, citing its balanced portfolio and a building recovery in China as two examples, but has lowered expectations on some key financial metrics due to currency headwinds, higher inventory levels and a more promotional environment. The North Face parent ...
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ArticleBoot Barn lowers its full-year guidance
Boot Barn topped expectations in the second fiscal quarter but slightly reduced its full-year guidance due to market uncertainty. In the three months ended Sept. 24, the California-based shoe retailer posted sales of $351.5 million, up by 12.4 percent compared to the previous year, better than the company’s expectations of ...
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ArticleZegna Q3 sales up 27.5%
The Italian fashion house Ermenegildo Zegna, owner of the Zegna and Thom Browne brands, generated revenues of €357 million in the third quarter of 2022, up by 27.5 percent compared to the year earlier. Revenues for the first nine months of the year reached €1.09 billion, 22.9 percent higher than ...
