All Shoe Intelligence articles in Volume 25, Issue 19+20
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PDF NewsletterShoe Intelligence Executive Edition: Vol. 25 - 19+20
The attendance at Micam and its sister fairs rises by 21% | Italian shoemakers suffer a sharp slowdown in Q2 | Main footwear producing countries suffer sharp falls in exports | Brazil’s footwear exports continue to decline | Birkenstock valued up to $9.2bn in IPO | C & J Clark International hit by post-Covid supply issues, but group results step ahead | Reno completes partial restructuring but creditors’ claims triple | Leder & Schuh reports strong increase in sales for 2022 | Tod’s’ operating profits beat expectations | Russian online retailer Lamoda plans to open 300 physical stores | Designer Brands sees tailwinds from Nike sales, ‘softer’ comps as economic pressures continue | How a Malaysian shoemaker is hedging the China risk and trying to expand in the US and Europe | Coats Footwear joins forces with Lenzing | Huntsman launches a liquid thermoplastic polyurethane for midsoles with framas | Jungheinrich takes over the robotics firm Magazino | Zalando tops the ranking of European fashion e-tailers | Boohoo cuts its sales guidance | Asos lowers guidance as wet summer hits UK sales | China becoming more challenging for foreign investors - AmCham Shanghai
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ArticleBoohoo cuts its sales guidance
Boohoo has warned that full-year sales are likely to fall more than expected after a weak first half of the fiscal year. The British online fashion retailer said that in the six months to Aug. 31 revenues fell by 17 percent year-on-year to £729.1 million (€841.2m), with domestic sales down ...
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News briefs
Wolverine Boots celebrates 140 years by selling 140 pairs at $1.40
Wolverine Boots is celebrating 140 years by giving 140 people the opportunity to purchase the 140th-anniversary 1000 Mile Boot for just $1.40 a pair. From Sept. 29 to Oct.16 customers are invited to visit wolverine.com/140. Winners will be notified on Oct. 24 and given priority access to purchase. The remaining ...
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ArticleBirkenstock valued up to $9.2bn in IPO
Birkenstock has set a value of up to $9.2 billion at the top end of the price range for its initial public offering (IPO), or more than seven times its annual sales. Birkenstock Holding Limited, which is registered in Jersey and has its headquarters in London, has filed for an ...
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News briefs
Meta reportedly planning to launch paid versions of Facebook and Instagram
Meta is planning to launch a subscription service for ad-free Facebook and Instagram in Europe, according to a report in the Wall Street Journal. The newspaper said the proposal has been made to regulators in recent weeks as it seeks a way to handle European Union rules that threaten to ...
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News briefs
Ecco USA names a new president
Ecco USA has appointed Deniz Erda as interim president replacing Tom Berry. Erda was previously senior vice president and general manager for Ecco Middle East and Africa. Berry had joined the company in January 2022 as president and CEO. “The U.S. remains a key market for Ecco. This change demonstrates ...
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News briefs
Stuart Weitzman launches a men’s collection
Stuart Weitzman, the premium footwear brand of the U.S. fashion group Tapestry, is launching its first collection of men’s shoes. The collection will be available in February for the spring/summer 2024 seaon. The collection will consist of four segments - Premiere, Club, Resort and Sport - and will be distributed ...
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ArticleHow a Malaysian shoemaker is hedging the China risk and trying to expand in the U.S. and Europe
Sweetkiss Shoes Footwear Co., a Malaysian incorporated footwear group known for its Dr Shooz brand, launched a new factory in Ho Chi Minh City, Vietnam, in July 2023 to supplement its Chinese facility, which is located in Guangzhou and has been operational since November 2012. Source: Sweetkiss Shoes ...
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News briefs
Cougar Shoes launches a collection with Michelin soles
Cougar Shoes, a Canadian footwear brand, has launched a winter collection featuring Michelin soles. The collaboration delivers footwear that is designed for women and made for ”real outdoor performance,” Cougar Shoes said in a statement, noting that the boots are temperature rated to - 40°C/-40°F. “I am so excited to ...
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News briefs
Nike brand Q1 footwear sales up by 3.8%
Nike reported a 10 percent Ebit decline in the first quarter ended Aug. 31 to $1.65 billion on a 2 percent revenue expansion to $12.94 billion. Ebit margin dipped 2.00 percentage points to 12.5 percent from 14.5 percent in the year-ago period and fell in all geographic regions except ...
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ArticleReno completes partial restructuring but creditors’ claims triple
The ailing German shoe retailer Reno has completed a partial restructuring, the insolvency administrator said. “It is a positive development for a procedure that initially offered little hope of an even remotely satisfactory result,” Immo Hamer von Valtier from the InsoTreu law firm said in a statement. “By ...
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ArticleC & J Clark International hit by post-Covid supply issues, but group results step ahead
C & J Clark International reported lower turnover and profits last calendar year as post-Covid pandemic supply chain issues hit stock availability. The company is the unit of the Clarks group that manages the activities in the U.K., all of the wholesale business in Asia as well as some of ...
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News briefs
Zalando creates VP of creative direction role
Zalando has appointed Morten Grubak as vice president of creative direction, effective Oct. 1. Grubak will be responsible for the creative direction of the Zalando brand in the newly created role. Grubak, who joins from the Vice Media Group where he led the group’s Global Innovation Lab (part of the ...
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News briefs
Ralph Lauren expands its presence in Canada
Ralph Lauren is expanding Canada with the launch of dedicated digital commerce and the opening of a Ralph Lauren store in the country. The store was opened in Toronto’s Yorkdale Shopping Centre and is the first in a planned expansion in Canada, building on the company’s existing wholesale and outlet ...
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News briefs
E-commerce sales continue to grow in Europe, but at a slower pace
In 2022, B2C European e-commerce grew to €899 billion, representing a 6 percent growth from 2021, according to the 2023 European E-commerce Report. The growth rate decreased from a 12 percent growth in 2021. The deceleration was attributed to saturation in e-commerce markets after the fading of the Covid-19 pandemic ...
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News briefs
Kurt Geiger opens Oxford Street store
Kurt Geiger has opened a 2,916 square-foot store on the corner of Oxford Street and Holles Street in London. The British footwear and accessories brand is also planning the opening of stores in the Americas over the coming months. In October, the brand will open three stores in Mexico with ...
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News briefs
Stuart Weitzman in an eyewear license deal with Safilo
Stuart Weitzman, the New York luxury footwear brand owned by Tapestry, has entered into an exclusive global licensing agreement with Safilo that runs through June 2029. Under the deal the Italian eyewear company will design, manufacture and distribute Stuart Weitzman branded sunglasses and optical eyewear collections. The first collection will ...
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ArticleAsos lowers guidance as wet summer hits U.K. sales
The British online fast fashion retailer Asos said that operating profits for the full year will come in at the bottom end of expectations and free cash flow will be significantly lower than guidance after domestic sales in July and August were hit by wet weather. In a fourth-quarter trading ...
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News briefs
Hobby Lobby, Orly Shoe, Amoji cleared of Crocs trademark violation
The U.S. companies Hobby Lobby and Orly Shoe and Chinese-owned Amoji were cleared of violations of Crocs’ trademark by the U.S. International Trade Commission, according to a notice published in the Federal Registar. The commission issued a limited exclusion order against defaulting respondents La Modish Boutique, Star Bay Group, Huizhou ...
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News briefsAPL’s partnership with True Fit led to 15% drop in returns
A partnership between Athletic Propulsion Labs (APL), an American brand of luxury performance athletic footwear, and True Fit, an artifical intelligence driven fit platform, has led to a 2 percent increase in revenues while reducing fit-related returns by 15 percent on the Shopify platform, the companies said in a joint ...
