All Shoe Intelligence articles in Volume 25, Issue 15+16 – Page 2
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ArticleHoka paces Deckers in Q1, company lifts FY guidance
Deckers Brands, intent on growing both its direct-to-consumer and international businesses in the months ahead, generated a 42 percent increase in net income to $63.6 million in the first quarter ended June 30 versus $44.8 million a year earlier. Operating income was 26 percent higher year-over-year at $70.7 million. ...
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News briefs
Xero Shoes hires new chief product officer
Following the retirement of Dennis Driscoll after a nearly 50-year career in the footwear industry, Xero Shoes has hired Michael Pao as its new chief product officer, effective immediately. Pao joins Xero from Timberland, where he served as vice president of global merchandising. In his 20-year career, the former professional ...
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Zegna's H1 sales rise nearly 24%
The Italian fashion group Ermenegildo Zegna’s first-half revenues rose by 23.9 percent to €903 million. Revenues at constant currency were up by 24.7 percent, and organic growth was 21.5 percent. The top line was underpinned by the consolidation of Tom Ford International and Pelletteria Tizeta from April 29. Revenues for ...
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ArticleTod’s’ H1 sales rise 21.7%, Ebit expected to double
Tod’s released preliminary sales data for the first half of 2023 that come in at €569.1 million, up by 21.7 percent year-on-year on a reported basis and by 22.8 percent at constant currency rates. The figure was in line with market expectations. Financial analysts expect that the Italian fashion house ...
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ArticlePrada’s footwear sales rise 20% in H1
In the first half of 2023, footwear sales for the Prada group in the retail channel rose by 20 percent at constant currency rates to €374 million. Shoes represented 19 percent of the group’s quarterly retail sales. The group posted growth in all footwear collections: lifestyle, sneakers and formal. Growth ...
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News briefs
H&M sues Shein in Hong Kong
H&M is sueing the Singapore-based fast-fashion retailer Shein in Hong Kong for alleged copyright infringement. An H&M spokesperson told the news agency AFP that “in multiple cases” Shein infringed on the designs of the Swedish fashion retailer. The lawsuit also involves Zoetop Business, the Hong Kong-based entity that previously owned ...
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Amazon’s remedies to Marketplace satisfy the U.K.'s watchdog
The Competition and Markets Authority (CMA), the British competition watchdog, said the offer from Amazon to change the way it treats third-party sellers using its Marketplace platform in the U.K. addressed its competition concerns. “The CMA’s preliminary view is that the offer from Amazon addresses its competition concerns and the ...
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ArticleGörtz’s insolvency proceedings are over, CK Technology is the new owner
A long period of uncertainty may have come to an end for the Hamburg-based shoe retailer Görtz with the completion of insolvency proceedings and a new owner. According to the Frankfurter Allgemeine Zeitung newspaper, the district court of Hamburg has declared that all proceedings were over, with all debts registered ...
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News briefs
Converse's FY revenues rise 3%
Converse’s revenues in the fiscal year ended May 31 rose by 3 percent to nearly $2.43 billion. Currency-neutral sales increased by 8 percent last year due to revenue growth in North America, Western Europe and licensee markets that was partially offset by declines in Asia, according to the financial report ...
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News briefs
Beverage mogul takes majority stake in Nobull
Impact Capital, the private equity arm of billionaire Mike Repole, last week acquired an unspecified majority stake in Nobull, a training footwear and apparel brand co-founded by ex-Reebok executives Marcus Wilson and Michael Schaeffer in 2015. His plans for the brand may include an eventual initial public offering. Repole, ...
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ArticleC-Suite interview: Pablosky ready to leave the beaten track to explore new markets
Even though Spain remains its main market, Pablosky, a Spanish company specialized in children’s shoes, has been very active over the past decades at developing its international reach. And in doing so, it often abandoned the beaten track to explore new geographies. The company, which was founded in 1969, first ...
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ArticleGlobal footwear market seen growing nearly 6% annually to 2027
The size of the global footwear market is set to grow by $133.09 billion from 2022 to 2027 and register a compound annual growth rate (CAGR) of 5.69 percent, according the estimates in Technavio’s latest market research report. The market is forecast to grow by 4.73 percent in 2023 and ...
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News briefs
B.A.V. Shoes takes over Donna Più
B.A.V. Shoes, an Italian footwear company situated in Vigevano, about 36 kilometers south of Milan, has bought the brand Donna Più, which had been withdrawn from the market about three years ago due to the disruption caused by the Covid-19 pandemic. The relaunch of the brand will start with the ...
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News briefs
Pakistan footwear exports rise nearly 36% in volume
Pakistan’s footwear exports rose by 35.50 percent in volume to 25.25 million pairs and by 13.74 percent in value to $178.6 million in the 12 months to June 2023, which corresponds to the country’s fiscal year, according to the Pakistan Bureau of Statistics. During the period, Pakistan shipped 10.23 million ...
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ArticleThe Brazilian trade show BFShow to hold its first edition Nov. 21-23
Brazilian Footwear Show-BFShow, promoted by the Brazilian footwear association Abicalçados in partnership with NürnbergMesse Brasil, will hold its first edition on Nov. 21-23 in Porto Alegre at the FIERGS exhibition center. The trade fair also has the support of the Brazilian export and investment promotion agency Apex Brasil and of ...
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News briefs
SUN68 sees 2023 sales rising to €80m
SUN68, the Italian fashion brand created in 2005 by Enrico Spinazzé, increased its sales by 20 percent to €73 million and expects to reach a turnover of €80 million this year. The brand started by selling only apparel and now achieves half its sales thanks to footwear. The brand, which ...
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ArticleFrench footwear manufacturing revenues rise 10% in 2022
Revenues for French footwear manufacturers rose by 10 percent to €651 million in 2022 from €590 million in 2021, according to the trade association Conseil National du Cuir. In volume, footwear production rose by 0.4 million pairs to 15.2 million last year from 14.8 million in 2021. The manufacturing industry ...
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News briefs
French footwear retail sales continue to rise in June
In June, French footwear retail sales rose by a seasonally and working-day adjusted 1.1 percent month-on-month, according to the Bank of France. In May, sales of footwear increased by 2.9 percent. Overall, retail sales of manufactured goods in France grew by a seasonally and working-day adjusted 0.7 percent compared with ...
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News briefs
VF promotes Andreas Olsson to general manager EMEA for the Vans brand
VF Corp. has announced the promotion of Andreas Olsson, current vice president of sales at Vans for the Europe, Middle East and Africa (EMEA) region, to VP and general manager Vans EMEA. Olsson previously held a variety of roles at Vans and The North Face. He has also served as ...
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News briefs
Pittards in talks with investor ready to invest £1m
Pittards said that it has successfully concluded discussions with an unnamed trade investor, who has agreed to invest up to £1 million (€1.2m) via the subscription of up to 25,000,000 new ordinary shares at the price of 4 pence (4.6 euro cents) each under the current open offer to shareholders, ...
