All Shoe Intelligence articles in Volume 25, Issue 13+14
View all stories from this issue.
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ArticleJD Sports expands into Middle East through a franchise deal
JD Sports Fashion signed the first franchise agreement for the JD banner with GMG, a Dubai-headquartered company. The partnership will enable the group ”to deliver on the roll out of its ‘JD Brand First’ strategy and is a pivotal move in the continued expansion into underpenetrated markets,” the British ...
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ArticleThe stocks of footwear companies slip led by British firms
The prices of stocks monitored by Shoe Intelligence fell by 7 percent in the second quarter of 2023 compared with the previous three months, when the cohort gained about 5 percent. Shares were driven lower by British constituents of the panel. Some companies were hit by worrisome financial situations, but ...
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PDF NewsletterShoe Intelligence Executive Edition: Vol. 25 - 13+14
Expo Riva Schuh attracts 9,000 visitors | Expo Riva Schuh to expand its exhibition surface for the 100th edition | Ecco’s 2022 sales rise by 30% to €1,586m but earnings remain below pre-Covid levels | Titan Industries buys Clergerie | Coats launches a new footwear division | Unbound can’t find a buyer, mulls a capital increase | Apparel Group to open more than 20 Clarks stores in Saudi Arabia in 5 years | C-Suite interview: Autry’s owner looks to cash in on success as it puts the brand up for sale | C-Suite interview: On-demand production is key to Alohas’ success | The U.S. wholesale channel is Skechers’ most challenged marketplace | Designer Brands to resume selling Nike in Q4 | Authentic Brands Group emerges as ‘stalking horse’ for Rockport | White Mountain expands into footwear for girls | Allbirds is giving away the secrets of its net-zero shoe | VF names a new CEO | JD Sports expands into Middle East through a franchise deal | Primark’s Q3 sales up 13% | M&S adds Skechers, Crocs and Toms to its online platform | The stocks of footwear companies slip led by British firms
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News briefs
La Sportiva buys its supplier Meet Italia
La Sportiva, an Italian provider of technical footwear and apparel for outdoor enthusiasts, bought an 80 percent stake in Meet Italia, an Italian manufacturing of mountain footwear. For over 20 years, Meet Italia, which employs 150 people, has been producing footwear and providing semi-finished goods to La Sportiva. In an ...
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News briefs
Assocalzaturifici’s youth section picks a new president
Federica De Pascale is the new president of the Young Entrepreneurs of Assocalzaturifici, the trade association group Italian shoemakers. Born in 1999, she takes over from Elisa Lanciotti and will remain in office for the four-year term ending in 2027. Currently enrolled in the Economics and Business School of the ...
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News briefs
India’s DPIIT approves a footwear cluster near Mumbai
India’s Department for Promotion of Industry and Internal Trade (DPIIT), which is under the authority of the Ministry of Commerce and Industry, has approved in principle the creation of a leather footwear and accessories cluster park covering 151 acres in Ratwad in Maharashtra’s Raigad district. The project is part ...
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News briefs
H&M’s profits continue to be hit by costs and dollar
H&M said that in the second quarter ended May 31 operating profit fell to SEK 4.741 billion (€400.6m) from SEK 4.988 billion the year earlier, with the operating margin narrowing to 8.2 percent from 9.2 percent as high raw material and freight costs and a strong U.S. dollar continued to ...
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ArticleTitan Industries buys Clergerie
On June 29, a Paris-based commercial court approved the takeover of Maison Clergerie by the California-based footwear company Titan Industries. The French maker of luxury footwear was placed into receivership on March 29 after failing to reach an arrangement between shareholders and creditors. Titan Industries is acquiring Clergerie for €700,000 ...
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News briefs
Aquazzura opens a flagship in London
Aquazzura, a luxury brand based in Florence, opened a store at 26 New Bond Street, London. The store offers all the brand’s collections, including footwear and bags. The shop was designed by Marie-Anne Oudejans, a Dutch artist and interior designer, in collaboration with the brand’s founder and creative director, Edgardo ...
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News briefs
Authentic Brands Group raises $500m from General Atlantic
Authentic Brands Group (ABG) has announced a $500 million primary follow-on investment from global growth equity firm General Atlantic, its current investor. The continued partnership with General Atlantic is meant to support ABG’s worldwide expansion. General Atlantic first partnered with ABG in October 2017. The latest investment brings General Alantic’s ...
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ArticleCoats launches a new footwear division
Coats, the U.K.-based manufacturer of industrial yarns and structural components for apparel and footwear, has launched a new footwear division following its acquisition of Texon and Rhenoflex in 2022. Following a period of integration, Coats Footwear was launched, offering an expanded range of components and material solutions to footwear and ...
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ArticleAllbirds is giving away the secrets of its net-zero shoe
Allbirds has released the details of its net zero carbon shoe, M0.0NSHOT, and, in a bid to encourage competitors to create their own version, is giving away its entire methodology. M0.0NSHOT, set to launch commercially in spring 2024, is a high-top shoe wrapped in carbon-negative regenerative wool. The midsole features ...
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News briefs
SportsShoes.com's Q1 sales up 20%
SportsShoes.com has announced sales figures for its first quarter of the fiscal year that began March 1, 2023. According to the report, the British e-tailer, which was founded in 1982, saw its sales surge by 20 percent year-on-year to £83.8 million (€97.3m). At the same time, it added 140,000 new ...
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ArticleC-Suite interview: Autry’s owner looks to cash in on success as it puts the brand up for sale
The owner of the fast-growing sneakers brand Autry is looking to cash in on its success with a sale to a new investor. The private equity Made in Italy Fund, managed by the Italian asset management company Quadrivio and the fashion consultancy Pambianco, acquired a controlling stake in Autry along ...
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News briefs
Vans appoints former Nike, Timberland executive as global marketing chief
Vans has appointed Drieke Leenknegt as global chief marketing officer, effective July 5. In her new role, she will report directly to Kevin Bailey, Vans global brand president. Leenknegt has held marketing and communications roles for more than 20 years. Most recently, she has served as global CMO at Timberland ...
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News briefs
OrthoLite appoints new GM for India
OrthoLite, the U.S.manufacturer and provider of insoles and material solutions for footwear, announced the appointment of Vikash Bajargyan as the new general manager of OrthoLite India (OIN). In his new position, Bajargyan will oversee OIN’s overall operations. This includes leading manufacturing and business development, as well as building and managing ...
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ArticleUnbound can’t find a buyer, mulls a capital increase
Shares in Hotter Shoes’ owner Unbound Group plunged after the company said it had taken itself off the market after receiving no buyout offers and was now looking at an equity raising to support a restructuring plan. The shares were down by over 18 percent on the day. “No potential ...
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News briefs
Zalando challenges the EU on its designation as a VLOP
Zalando said that on June 27 it filed a legal challenge with the Court of Justice of the European Union (CJEU), contesting its designation by the European Commission, under article 33 of the Digital Services Act (DSA), as a “Very Large Online Platform” (VLOP) because it has more than 45 ...
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ArticleJD Sports’ growth slows down in May
JD Sports Fashion said that it benefited from ”further positive trading in all regions” through May with overall growth in organic sales at constant exchange rates up around 8 percent year-on-year. In the first three months of the company’s fiscal year, which ends on Feb. 3, 2024, growth in organic ...
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News briefs
Global personal luxury goods market may rise 5-12% this year - Bain
Bain & Company and Altagamma’s 2023 spring luxury study showed that the global personal luxury goods market is projected to grow 5-12 percent in 2023 to between €360 billion and €380 billion, following a record year in 2022, despite uncertain economic conditions. Last year, the market generated estimated revenues of ...
