All Shoe Intelligence articles in Volume 24, Issue 3+4 – Page 3
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News briefs
Vulcabras gets top ratings for sustainability
Vulcabras has been certified by three Brazilian industry bodies, as a most sustainable shoe manufacturer in the country. The Brazilian parent of Olympikus, which manufactures 25 million pairs of shoes a year at its own factories in the country, It is the first one in the sector to be using ...
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Article
VF Corp. cuts sales guidance after a good quarter
VF Corp. - the owner of brands including Vans, The North Face and Timberland - cut its sales guidance for the financial year ending in March 2022 to $11.85 billion from a previous $12.0 billion, as it once again lowered the forecast for its Active segment while increasing that for ...
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ArticleH&M sales up 20% in December-January
Between Dec. 1 and Jan. 31, 2022, H&M expects sales in local currencies to increase by 20 percent compared with the same period last year. Despite the rise, it noted that the period was negatively affected by the latest wave of the Covid-19 pandemic in many of its larger markets. ...
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ArticleBoot Barn aims to boost annual sales to $2bn in 3 years
Boot Barn exceeded a billion in sales in the nine months ended Dec. 25 and aims to achieve annual revenues of $2 billion in less than three years by expanding its store network and e-commerce business. The net sales of the California-based shoe retailer increased by 74.1 percent to $1.1 ...
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ArticleIndian footwear market forecast to grow 50% in 3 years
In the fiscal year ending in March 2021, the Indian footwear market declined to 660 billion rupees (€7.9bn-$8.8bn) from 960 billion rupees in the previous year due to the Covid-19 pandemic. But by March 2025, the market is expected to increase by about 50 percent to 1,380-1,450 billion rupees (€16.5-17.3bn-$18.3-19.3bn) ...
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News briefs
Aeffe full-year footwear, leather goods sales up 30%
Aeffe, the Italian fashion house that owns the footwear brand Pollini, posted overall revenues of €324.6 million in 2021, up a reported 20.8 percent on the year earlier and 20.6 percent higher at constant exchange rates. The group highlighted an acceleration of sales in the U.S., up by 41.4 percent, ...
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ArticleDr. Martens’ wholesale business suffers from Covid impact
Dr. Martens suffered a slowdown in revenue growth in the third quarter compared with the first half of its fiscal year due to a drop in wholesale revenues as the company prioritized e-commerce and its own stores, which offer higher margins. But, news of weak wholesale revenues prompted a significant ...
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News briefs
Unbound applies to be listed on the AIM
The British investment company Unbound Group has applied for the cancellation of its shares on the main market of the London Stock Exchange in order to be admitted on the AIM segment from Feb. 1. Unbound, which changed names from Electra Private Equity, owns the footwear brand Hotter.
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News briefs
Uzbek shoe imports rise in first 11 months
In the first 11 months of 2021, Uzbekistan imported 3.5 million pairs of shoes from 46 countries for a total value of $12.8 million, up by $4.8 million from the same period in 2020, according to the State Statistics Committee. The top three countries from which Uzbekistan imported footwear during ...
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ArticleRussian bank takes over Stockmann to boost its e-commerce business
SberBank has signed a binding agreement to buy a 100 percent stake in the Russian fashion retailer Stockmann during the first half of 2022. The Russian bank plans to combine the retailer with its own multi-category marketplace, SberMegaMarket. The investment will be made “after conducting a comprehensive investment review” and ...
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News briefs
Frankie4 opens its first store in the U.S.
Frankie4, an Australian brand of premium comfort footwear, opened its first store in the U.S., as well as its U.S. headquarters, in Capitol Hill, one of Seattle’s hippest neighborhoods. The move comes after the launch in 2021 of the brand’s American e-commerce business. The store will offer the full Frankie4 ...
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News briefs
Sabu launches new business and organizational development unit
Sabu launched a new business and organizational development division that will be led, effective immediately, by Kay Wegerhoff. The new unit will allow to more closely identify the current and future needs of members and suppliers, sort them by priority and implement projects and measures as needed, in the ...
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News briefs
Aquazzura picks Cegid Retail for its stores
Aquazzura has chosen Cegid’s unified commerce and point-of-sale (POS) platform Cegid Retail to offer a more personalized consumer experience and further the digital transformation of its stores. The Italian luxury footwear brand was founded in Florence in 2011 and has stores in Italy, France, the U.K., Middle East and America. ...
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News briefs
Yoox launches a marketplace in Europe
Yoox, which is part of the Yoox Net-a-Porter online retailing group, has launched its marketplace in almost 30 countries across Europe, with plans for further expansion across the U.S., Middle East and North Africa and Japan. The service supplements Yoox’s brand portfolio. The marketplace gives customers access to over 150,000 ...
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News briefs
Kurt Geiger plans to open 13-15 stores in 2022
Kurt Geiger plans to open a new shop every month this year as the British luxury footwear and accessories retailer gains clients, the chief executive Neil Clifford told the daily The Times. This could result in the opening of 13-15 Kurt Geiger stores this year, the highest number since 2008. ...
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News briefs
Deichmann hires new digital director from About You
The German footwear company Deichmann has hired a new digital director in a bid to further expand its online business. Alexander Bellin, 33, previously chief revenue officer at the online fashion retailer About You, will join the Essen-based shoe chain on February 1. He will take the helm of ...
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News briefs
Bally hires a new creative director
Bally has appointed Rhuigi Villaseñor as its new creative director. He will oversee the artistic direction across the brand and his first collection for the brand is scheduled for the spring-summer 2023 season. A Filipino-American, Villaseñor was born in Manila and emigrated to the U.S. aged nine. He has been ...
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News briefs
Paul Green has a new management team
Paul Green has appointed a team of new managing directors as part of a generational change at the Austrian footwear manufacturer, which specializes in women’s shoes. From Jan. 1, Barbara Aichinger, who is responsible of sales and marketing, Jürgen Posch, who oversees production, Torsten Tesche, who is charge of ...
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News briefs
Church’s has a new CEO
The Prada Group has appointed Denni Manzatto as the CEO of Church’s & Co, the luxury British footwear brand bought by the Italian fashion house in 1999. The appointment is effective from January and Manzatto replaces Anthony Romano, who was with Church’s since 2017. Manzatto has been with the ...
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ArticleAmerican Exchange Group acquires Aerosoles
American Exchange Group (AX Group) has finalized an agreement to acquire the assets of the luxury comfort footwear brand Aerosoles. With the takeover, AX Group will expand Aerosoles’ distribution channels and diversify the brand into new categories with the objective of reaching new audiences. “Our strategy is to have the ...
