All Shoe Intelligence articles in Volume 25, Issue 15+16
View all stories from this issue.
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ArticleAra to sell Lloyd and Salamander
The German footwear group Ara is parting ways with its subsidiaries Lloyd Shoes and Salamander. The group announced plans to reorganize and focus exclusively on the Ara Shoes brand, which was founded more than 70 years ago and which in the past three years, similarly to many other brands ...
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PDF NewsletterShoe Intelligence Executive Edition: Vol. 25 - 15+16
Global footwear production up 7.6% in 2022 | The outlook for global footwear consumption improves | U.S. footwear imports to plunge in 2023 due to bloated inventories | Italian shoemakers increase Q1 revenues by 13.6% | French footwear manufacturing revenues rise 10% in 2022 | How Turkey is rebuilding Antakya’s shoe cluster after the earthquake | How Portugal is planning to spend €120m to boost its footwear industry | The French brand Heschung is taken over | Görtz’s insolvency proceedings are over, CK Technology is the new owner | Ara to sell Lloyd and Salamander | Coats forecasts gradual demand improvement in H2 | Hotter Shoes rescued by WoolOvers in £6.7m sale | Richemont buys controlling stake in Gianvito Rossi | Tod’s’ H1 sales rise 21.7%, Ebit expected to double | Prada’s footwear sales rise 20% in H1 | C-Suite interview: Pablosky ready to leave the beaten track to explore new markets | Footway applies for voluntary company reorganization due to ‘acute’ liquidity situation | Stella Q2 sales momentum improves in Q2 | Authentic Brands Group takes over Rockport | Skechers raises earnings guidance for the year as DTC, international operations shine in Q2 | Concern about a slowdown at Heydude weighs on Crocs | VF cuts its FY revenue guidance | Hoka paces Deckers in Q1, company lifts FY guidance | SafeSize beefs up its management team | The family office MKCP takes over Bama | The Brazilian trade show BFShow to hold its first edition Nov. 21-23
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News briefs
Havaianas renews eyewear license with Safilo
Alpargatas, the Brazilian footwear group, has renewed the license agreement between its brand Havaianas and the Italian eyewear manufacturer Safilo. Under the agreement, Safilo has the right to design, produce and distribute frames for corrective eyewear and sunglasses under the Havaianas brand until Dec. 31, 2028. Safilo first announced its ...
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News briefs
Pollini’s sales rise slightly in H1
Pollini, the luxury footwear brand owned by the Italian fashion house Aeffe, posted sales of €17.2 million in the first half of 2023, up by a reported 3.4 percent from a year earlier. The brand represented 10.5 percent of the group’s revenues. During the period, Aeffe posted sales of €162.9 ...
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News briefs
Eulero Capital takes over Mondeox
The investment firm Eulero Capital has acquired a 60 percent stake in the Italian footwear manufacturer Mondeox from the Florian family, according to the daily Il Sole 24 Ore. Mondex was founded in 1993 by Maurizio Florian and his wife Maria Antonia. The company specializes in outdoor footwear and work ...
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ArticleCoats forecasts gradual demand improvement in H2
Coats, the U.K.-based maker of industrial yarns and structural components for footwear, suffered headwinds during the first half of 2023 due to difficult year-over-year comparisons and widespread industry destocking. Adjusted operating profit slipped by 14 percent to $107 million the six months ended June 30 from $125 million a year ...
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ArticleVF cuts its FY revenue guidance
VF Corp., the parent of brands such as Vans, Timberland and The North Face, reporting a loss of $57.4 million in the first quarter ended July 1 against a loss of $55.96 million in the year-ago period on an 8 percent revenue decline to $2.09 billion from $2.26 billion. Adjusted ...
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News briefs
Rocky Brands sees business positioned for H2 improvement
Despite experiencing strong sell-throughs at several major U.S. wholesale accounts, the U.S. footwear company Rocky Brands reported a 38 percent decline in second-quarter sales to $99.8 million from $162.0 million a year earlier. Revenues in the wholesale segment declined by 45.5 percent to $71.5 million and fell by 3.6 percent ...
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News briefsFrom 3D printer to foot to compost heap
With the help of a materials-science company, designer Kitty Shukman has produced a slide with the look and circularity of tree roots. Its synthetic tendrils wrap around the foot like a banyan around a Cambodian temple. The shoe model is in fact called Roots and is produced with 3D printers ...
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ArticleShein calls for review of U.S. “de minimis” trade rule in a move to stem criticism
Shein, the Singapore-based online fashion retailer, has proposed to work with the U.S. retail industry in order to jointly propose a new framework for Section 321 of the Tariff Act of 1930, known as the “de minimis” exemption. The company said that in a letter sent to the American Apparel ...
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ArticleGlobal footwear production up 7.6% in 2022
In 2022, global footwear production increased by 7.6 percent to 23.9 billion pairs, returning to pre-Covid-19 levels, according to the World Footwear Yearbook 2023 released by the Portuguese footwear association Apiccaps. Footwear manufacturing continues to be strongly concentrated in Asia where almost nine out of every 10 pairs of ...
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ArticleSkechers raises earnings guidance for the year as DTC, international operations shine in Q2
Skechers raised its guidance for earnings in the full year, after its direct-to-consumer (DTC) and international operations performed strongly in the second quarter ended June 30. While its domestic wholesale business underperformed as expected, overall revenues rose by a reported 7.7 percent to $2,012.5 million and were 9.1 percent higher ...
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ArticleAuthentic Brands Group takes over Rockport
Authentic Brands Group (ABG) is taking over the troubled U.S. footwear firm The Rockport Company, following a decision by the United States Bankruptcy Court for the District of Delaware, and will rely on Marc Fisher Footwear to develop the brand in the United States. Further partnerships for Rockport are expected ...
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ArticleFootway applies for voluntary company reorganization due to ‘acute’ liquidity situation
Footway Group, a Swedish operator of specialized online stores, has applied for voluntary company reorganization. According to the company, the decision is based on “the very challenging conditions that the sports retail industry in Sweden and Norway has faced in recent months,” which have led to an “acute” liquidity situation. ...
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News briefs
Relaxo’s Q1 profitability surges on higher sales
Relaxo Footwears, an Indian group that sells shoes under various brands including Sparx, Flite and Bahamas, posted revenues from operations of 738.8 crore rupee (€81.5m) in the first quarter ended June 30, up by 10.74 percent year-on-year. Total income grew by 11.14 percent to INR 746.1 crore (€82.3m). In the ...
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News briefs
BasicNet's H1 earnings decline
BasicNet, the Italian parent of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands, suffered a 30.8 percent decline in first-half net profit to €7.4 million as the bottom line was weighed down by amortization charges and financial items. Ebitda was steady, rising slightly to €22.6 million from €22.4 ...
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News briefsHermès’ H1 sales rise by over 22%
Hermès’ first-half revenues were €6,698 million, up by a reported 22.3 percent and by 25.2 percent at constant currency rates, with growth of 20 percent or above in all geographical areas. The leather goods and saddlery division booked sales of €2,780 million, up by a reported 17.9 percent and by ...
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News briefs
Gap names a new CEO from Mattel
Gap Inc. has appointed Richard Dickson as president and CEO, effective Aug. 22. Dickson joins Gap from his most recent role as president and chief operating officer of Mattel, where he was ”a lead architect in a global corporate transformation that has reinvigorated Mattel’s iconic brands, including Barbie, Hot Wheels ...
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ArticleRichemont buys controlling stake in Gianvito Rossi
Richemont has acquired a controlling stake in Gianvito Rossi, an Italian luxury shoemaker. No financial details were released. Gianvito Rossi, the founder, CEO and creative director of the eponymous brand, will retain a stake in the company and continue to “nurture and develop” the brand in partnership with Richemont, the ...
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ArticleConcern about a slowdown at Heydude weighs on Crocs
Crocs Inc. generated more than $1 billion in second-quarter revenues on 12 percent constant-currency growth. The company increased its annual revenue guidance on to surpass the $4 billion mark, but the company’s share price plummeted 14 percent on the day on worries that the group’s pace of revenue growth, particularly ...
