All Shoe Intelligence articles in Volume 25, Issue 13+14 – Page 5
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News briefs
Shoe Zone sees FY adj pretax profit of at least £10.5m
Shoe Zone expects adjusted profit before tax for the financial year ending Oct. 2 to be not less than £10.5 million (€12.2 m). In the fiscal year that ended Oct. 1, 2022, reported pre-tax profits rose to £13.6 million from £9.5 million a year earlier, while adjusted pretax profit stood ...
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ArticleDesigner Brands to resume selling Nike in Q4
Designer Brands unexpectedly announced that it will resume selling Nike shoes from the fourth quarter of this year, as the U.S. sportwear brand reverses its policy of dropping wholesale clients to focus on direct-to-consumer channels. Earlier, on June 1, Macy’s announced that it would be selling Nike apparel from October, ...
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News briefs
Asos suppliers reportedly cutting ties over credit insurance worries
Suppliers to Asos are reportedly cutting ties with the fast fashion retailer over credit insurance concerns. They are responding to insurers reducing or withdrawing trade credit insurance following a slide in earnings at the British online fashion retailer. Allianz Trade is understood to have withdrawn cover entirely, while Atradius has ...
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ArticleInditex’s Q1 sales rise 13%
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho, said that in the first quarter ended April 30 sales reached €7.6 billion, up by 13 percent year-over-year on a reported basis and grew 15 percent in constant currencies. Gross profit rose by 14 ...
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