All Shoe Intelligence articles in Volume 24, Issue 3+4
View all stories from this issue.
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News briefs
Kazakh fashion manufacturers lose market share
During the first three quarters of 2021, clothing and footwear manufactured in Kazakhstan accounted for only 10 percent of sales on the domestic market, 4.6 percentage points less than during the same period of the previous year, the Kazakh Committee for Industrial Development estimated. The overall market size totaled $2 ...
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Surf4shoes expands its management team in online push
The German shoe retailer Surf4shoes has expanded its top management team to push further the development and implementation of its online strategy. Janis Salmen, 37, who has been with the company as chief operating officer since March 2021, joined the management board on Dec. 15, 2021. Salmen, an expert ...
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News briefs
Rexor posts positive results in 2021
Rexor, the German buying group controlled by ANWR, posted positive results in 2021. Despite months-long lockdowns and delivery bottlenecks rippling through the supply chain, the Düsseldorf-based company reported a sales increase of 0.4 percent to €177.1 million. In Belgium, where lockdowns had a smaller impact on retail, the company outperformed ...
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PDF NewsletterShoe Intelligence Newsletter: Vol 24 - 3+4
Turkish manufacturers benefit from reshoring | Brazilian exports rise 32% | Micam postponed to March 13-15 | Expo Riva Schuh parent invests €25m | Nice Footwear posts positive results | How supply disruption, inflation impact Valleverde | Tod’s looks to 2022 with optimism | Dr. Martens’ wholesale business suffers | Perlie targets millions in revenues | Skechers sets its sights on metaverse | UGG, Hoka grow but higher costs hit Deckers | American Exchange Group buys Aerosoles | PriceRunner sues Google
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ArticleTurkish footwear manufacturers are benefitting from a reshoring from the Far East
Exports of Turkish footwear rose by 22.9 percent in 2021 to over $1 billion for the first time. Overall exports of leather and leather goods reached $1.73 billion, with footwear representing 58.3 percent of the total. Russia was the main export market for Turkish shoes, up by 24.5 percent to ...
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News briefs
Puma to release collection with Minecraft
Puma is releasing a streetwear collection co-branded with Minecraft, the video game produced by Mojang Studios, a division of Xbox Game Studios, itself owned by Microsoft.The Puma x Minecraft range will include T-shirts, hoodies, trousers and Puma’s Suede shoe, all sized for both children and adults. It is due for ...
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ArticlePriceRunner sues Google for at least €2.1bn
The Swedish price comparison firm PriceRunner is suing Google for a preliminary amount of almost €2.1 billion at the Patent and Market Court in Stockholm. It claims that the U.S. company is overcharging European consumers, especially for apparel and footwear. The lawsuit follows the conclusion of the European General Court ...
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News briefs
Genesco doubles its share buyback program
Genesco’s board of directors has authorized a $100 million increase to its existing $100 million share repurchase authorization. Under the existing share repurchase authorization announced in September 2019, the U.S. footwear company has bought roughly 1.72 million shares at a total cost of about $99.0 million, at an average price ...
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News briefs
A quarter of Nike shoes in Russia are fakes
Roughly 25 percent of all Nike shoes on the Russian market are fakes, showed a research conducted by the Russian business union Social Consumer Initiative. The share of counterfeit products ranges between 0 and 5 percent for Adidas, Asics, New Balance, Reebok, Puma and Skechers, said Oleg Pavlov, head of ...
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News briefs
Allbirds opens a store in Charlotte
Allbirds, the California-based producer of Wool Runner merino shoes and other eco-friendly sneakers and apparel, opened its first store in Charlotte, U.S. The 2,964 square foot space is the company’s 36th store worldwide. ”Displays around the shop call attention to the merino wool, sugarcane, tree, and other materials that its ...
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News briefs
Earth Shoes names former Aerosoles head
Earth Shoes has apppointed Alison Bergen as CEO. She takes over day-to-day management from the former president Mark Parsley, who left the company. She reports to the company’s founder and chairman Phil Meynard. Bergen was previously CEO of Aerosoles for over three years. She relaunched the company that was bought ...
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Shoes 53045 launches its first virtual shoe
On Feb. 3, Shoes 53045 launched its first-ever virtual shoe in partnership with the blockchain company MetaJuice. Buyers can purchase the limited edition Cyb’Air non-fungible tokens (NTFs) and then bring them into the IMVU metaverse and showcase them in a specially-designed room. Cyb’Air is a virtual platform-heeled bubble air sneaker ...
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News briefs
Global women’s luxury footwear sales to rise $39 bn in 2029
The global women’s luxury footwear market is estimated to rise from $30 billion in 2022 to $39 billion by 2029, growing by an annual average of 5 percent over the period, according to Future Market Insights. The segment is very concentrated with the top five suppliers having a combined 55 ...
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News briefs
Foot Solutions buys the Florida-based retailer Happy Feet Plus
Foot Solutions, a U.S. retailer of wellness footwear and custom orthotic insoles, is buying the Florida-based retailer Happy Feet Plus. Details of the transaction were not disclosed. Foot Solutions also announced the promotion of Taylor Berry to vice president of operations and Bryan Scott to senior vice president of ...
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News briefs
OrthoLite celebrates 25 years
OrthoLite celebrates its 25th anniversary in 2022, after posting the best year in its history in 2021 thanks to a vertically-integrated structure which helped lift sales. The U.S. producer of insoles was founded in 1997 by Glenn Barrett, its current CEO. OrthoLite claims that 2022 will be devoted toward finding ...
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ArticleSkechers sets its sights on metaverse after a record 2021
Skechers revealed plans to seek growth opportunities in the metaverse after posting better-than-expected results in the fourth quarter of 2021 and sales records in every quarter of the year. Revenues in the three months ended Dec. 31 increased by 24.4 percent to $1,648 million, topping analysts expectations by about $100 ...
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News briefs
The Italian helmet firm Kask takes over the U.S. bootmaker Vogel
Kask, an Italian company founded in 2004 specialized in sports and work helmets, announced the acquisition of Vogel, a Manhattan-based maker of riding boots and other footwear since 1879. The purchase is part of Kask’s strategy of increasing its presence in the fashion business while remaining an established company in ...
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ArticleUGG and Hoka grow but higher costs hit Deckers’ margins
UGG and Hoka One One drove Deckers Brands’ growth in the third quarter ended Dec. 31, but higher transport costs and supply chain bottlenecks impacted negatively on the company’s margins. The company noted that the most significant impact of supply chain disruptions are extended transit lead times and cost pressures ...
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News briefs
Nexgen Packaging invests in Mexico, Guatemala
Nexgen Packaging, an American supplier of packaging for the retail, apparel and footwear industry, is expanding its manufacturing capacity in Latin America with two new strategic investments. The expansion will allow it to meet the increasing demand from retailers and manufacturers, as required by the fast-growing omnichannel retail market, ...
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ArticleCapri expects to post record full-year earnings
In the fiscal third quarter, Capri Holdings’ revenues and earnings exceeded the company’s own expectations. This prompted the luxury goods conglomerate, that owns Versace, Jimmy Choo and Michael Kors, to raise its full-year adjusted diluted earnings per share guidance to $6.00, the highest level in its history, while targeting double-digit ...
