All Shoe Intelligence articles in Volume 25, Issue 23+24
View all stories from this issue.
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PDF NewsletterShoe Intelligence Executive Edition: Vol. 25 - 23+24
EU to ban the destruction of unsold clothing and footwear | CEC elects Rosana Perán as president | German retailers expect a weak Christmas shopping season | Dr. Martens cuts its guidance as it continues to struggle in the U.S. | Coats’ sales trends improve in H2 | Jimmy Choo’s sales fall on weaker consumer demand | Golden Goose’s revenues rise by 19% in the first nine months | Geox’s store rationalization ‘almost’ completed | Tod’s’ sales growth stalls in Q3 | Pollini’s sales growth turns negative | A new acquisition for Tre Zeta Group | How an Italian shoe maker is dealing with the change of aspirations of its workers | Birkenstock pays down its debt | Austrian children’s shoe manufacturer Richter files for bankruptcy | Russia’s footwear imports rise sharply | Caleres sees Famous Footwear sales continuing decline in Q4, growth at Brand Portfolio | Genesco sees promotional activity driving sales, pressuring margins in Q4 | Shoe Carnival sees Q4 comparable sales down 9-12%, cuts FY guidance after disappointing Q3 | Wolverine lowers outlook as overhaul moves forward | Warson to provide occupational footwear under Roxy, DC brands | Manitobah appoints a new CEO | Stuart Weitzman sales drop on lower off-price shipments, slower recovery in China | Allbirds sees Q4 sales down by 15-22% | Steve Madden enjoys strong growth in Europe | Weyco expects another sales decline in Q4 | Below-average order rates continue to impact Yue Yuen | Arezzo sales up 13% in Q3 despite lower shoe, handbag volumes | Veldskoen Shoes diversifies into the travel industry
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ArticleEU to ban the destruction of unsold clothing and footwear
During the night of Dec. 4, the European Parliament and the European Council reached a provisional agreement, at a technical level, on revising the European Union’s ecodesign framework for sustainable products, the parliament said. The parties plan to introduce “ecodesign” rules for products, ban the destruction of unsold clothing and ...
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News briefsAerosoles signs licensing agreement with Maze for women's pants
Aerosoles signed a new licensing agreement with Maze Collections for the distribution of women’s pants. The partnership follows Aerosoles’ expansion into sleepwear earlier this year and “marks a strategic move into the apparel industry, introducing a line of work-appropriate career pants designed to redefine workplace comfort,” it said. Aerosoles, which ...
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News briefs
Zegna sees sales up over 10% annually in the medium term
Zegna aims for a compound annual growth rate (CAGR) in revenues at group level of over 10 percent in the medium term and adjusted Ebit growth of around 20 percent. “This will generate significant cash surplus even while taking into consideration higher, targeted investments in marketing and capital expenditure to ...
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Article
CEC elects Rosana Perán as president
The general assembly of the European Footwear Confederation (CEC) held on Dec. 1 in Elche, Spain, elected Rosana Perán, as its president for the next two years. She is the first woman to head CEC and succeeds Luis Onofre, president of the Portuguese footwear association, Apiccaps. Perán is president of ...
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ArticleGenesco sees promotional activity driving sales, pressuring margins in Q4
Genesco has raised its guidance for full-year sales while lowering expectations for profit margins following a strategic decision to increase promotional activity going into the holiday season as retailers continue to compete for more selective consumers. In the third quarter ended Oct. 28, group sales decreased by 4 percent compared ...
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News briefs
Frasers increases its stake in Boohoo to over 17%
Frasers Group has increased its stake in the online fashion retailer Boohoo to 17.22 percent from 16.50 percent, according to a stock exchange filing. The British retailer has been gradually building up a stake in Boohoo over the past months. It previously said that it saw “potential synergies and an ...
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News briefs
Tod’s appoints Matteo Tamburini as creative director
The Tod’s brand has appointed Matteo Tamburini as the new creative director of its women’s and men’s collections. He will be presenting his first women’s collection for autumn/winter 2024-2025 at Milan’s next fashion week in February 2024. The appointment comes five months after the departure of Walter Chiapponi, who became ...
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News briefs
New chief marketing officer for Merrell
Merrell appointed Pallav Tamaskar as its new chief marketing officer (CMO), effective Nov. 30. As CMO, Tamaskar will be responsible for leading Merrell’s global marketing strategy and “directing the creation of modern and integrated global marketing campaigns, elevating full-funnel media planning, and driving cultural relevance through innovative product collaborations and ...
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ArticleRussia’s footwear imports rise sharply
In the third quarter of 2023, Russia imported 106.5 million pairs of shoes, 47 percent more compared with the same period of the previous year, the Russian Center for Prospective Technologies (CRPT) estimated. CRPT specializes in the development of digital labeling, marketing and tracking systems for goods in various industries. ...
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News briefs
SMCP enters the Indian market
SMCP, the French fashion group which owns the brands Sandro, Maje, Claudie Pierlot and Fursac, is entering the Indian market thanks to a partnership with Reliance Brands. Under the deal, Reliance Brands becomes the exclusive distributor for Sandro and Maje in the country.
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ArticleDr. Martens cuts its guidance as it continues to struggle in the U.S.
Dr. Martens cut its guidance for its full fiscal year as it warned that it is taking longer than anticipated for a turnaround of its business in the U.S., where it faces an increasingly difficult consumer environment and lacks visibility on wholesale sales. The U.K. footwear company said it now ...
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ArticleGerman retailers expect a weak Christmas shopping season
Retailers across Germany have a bleak outlook for the Christmas shopping season, according to the German Retail Federation (HDE). More than half of retailers in the non-food sector in Europe’s biggest economy are expecting weaker sales during the key Christmas period this year, as geopolitical concerns are set to put ...
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News briefs
Caleres hires a new SVP of international
Erica Mackoul has joined Caleres as senior vice president of international. In this role, Mackoul and her team will partner with Caleres brand portfolio leadership to target and drive strategic growth initiatives globally, with a specific focus on the group’s four lead brands - Sam Edelman, Allen Edmonds, Naturalizer and ...
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News briefs
Foot Locker expands to India
The U.S. specialty athletic retailer Foot Locker has entered into a long-term partnership with Metro Brands Ltd. and Nykaa Fashion to enter the Indian market. While Metro Brands will have exclusive rights to own and operate Foot Locker stores in India, Nykaa Fashion will be the exclusive e-commerce partner to ...
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ArticleA new acquisition for Tre Zeta Group
Tre Zeta Group has acquired a 100 percent stake in Solettificio Do.Gi., an Italian company specializing in the design and production of insoles for women’s shoes for the world’s leading luxury brands. Situated in Civitella in Val di Chiana, in the Tuscan province of Arezzo, Do.Gi. was founded in 1977 ...
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News briefs
Permira reportedly picks the banks for Golden Goose's IPO
The private equity Permira has selected the pool of banks that will arrange the initial offering (IPO) of Golden Goose, according to the dailies Financial Times and Il Sole 24 Ore. The coordinators of the IPO are JP Morgan, BofA Merrill Lynch and Mediobanca. Il Sole 24 Ore does not ...
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News briefs
JD Sports in partnership with Instacart for same-day deliveries in North America
JD Sports Fashion and Instacart have entered a partnership to launch same-day delivery from more than 500 JD Sports and Finish Line stores in North America via the Instacart app and website. ”JD Sports is one of the first sports-fashion retail partners to leverage Instacart’s technologies, giving customers access to ...
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News briefs
Shein reportedly files for an IPO in the U.S.
Shein, the Singapore-based fast fashion online retailer, has confidentially filed to go public in the U.S., according to The Wall Street Journal. Goldman Sachs, JP Morgan Chase and Morgan Stanley have been hired as lead underwriters on the offering, which could happen in 2024, it added. Shein was valued at ...
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ArticleGenesco appoints a new head for Journeys
Genesco has appointed Andy Gray as the new president of the Journeys Group, effective Jan. 3, 2024. He succeeds Mario Gallione, whose planned retirement was announced in August. Source: Business Wire Andy Gray “In this role, Gray will drive strategic growth for the company’s largest business, building ...
