All Shoe Intelligence articles in Volume 25, Issue 23+24 – Page 4
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ArticleWarson to provide occupational footwear under Roxy, DC brands
Warson Brands signed a licensing agreement with Authentic Brands Group (ABG) to design, develop and distribute occupational footwear for men and women under the DC Shoes brand as well as women’s styles under the Roxy brand in the U.S., Canada and Europe, including the U.K. “We look forward to expanding ...
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ArticleManitobah appoints a new CEO
Manitobah, an Indigenous-rooted footwear brand known for its Manitobah mukluks and founded in Winnipeg in 1997 by Sean McCormick, has appointed a new senior management. Carolyn MacNaughton will assume the role of chief executive officer, Tom Hildrum will step into the position of chief financial officer and Mike Wodtke has ...
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ArticleLegero United wins eAward business prize for its ecological database
The footwear group Legero United was awarded the Austrian business prize eAward for its ecological database. The company won the award, one of the largest IT business awards in Austria and German-speaking countries, in the “Sustainability and smart data” category. The company’s own ecological database allows to calculate ...
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ArticleBirkenstock appoints a managing director for Greater China
Birkenstock has appointed Tiffany Wu to the newly created position of managing director for Greater China, effective Nov. 1. She reports to Klaus Baumann, the group’s chief sales officer. The German footwear manufacturer said that it currently operates “a rapidly growing e-commerce business in China, which will be supplemented by ...
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ArticleStuart Weitzman sales drop on lower off-price shipments, slower recovery in China
Stuart Weitzman, the premium footwear brand of the U.S. fashion group Tapestry, posted sales of $52.6 million in the fiscal first quarter ended on Sept. 30, down by 19 percent year-over-year on a reported basis and by 18 percent at constant currency rates. “Results in the quarter were pressured against ...
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ArticleGeox’s store rationalization ‘almost’ completed
Geox said that the rationalization of its network of mono-brand stores is “almost” completed. The Italian footwear company has slashed the network from 974 units at the end of 2019 to 656 at the end of September and expects to finish 2023 with 655 stores. Over the past 12 months, ...
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ArticleTod’s’ sales growth stalls in Q3
Tod’s‘ sales in the third quarter of 2023 rose by 1 percent year-over-year to €259.0 million due to a challenging comparison base and adverse exchange rates. At constant currency rates, the top line grew by 5 percent. In the first half of the year, the Italian fashion group had enjoyed ...
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News briefs
Walmart and Vans settle trademark dispute
Walmart and Vans have settled a trademark lawsuit, under which Vans, which is owned by VF Corp. accused the U.S. retailer of copying the designs of its shoes, according to a filing with a Californian District Court. The trial was scheduled to start on Nov. 28. The companies said that ...
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News briefs
Comfort One Shoes buys Saxon Shoes
Comfort One Shoes, a Northern Virginia-based retailer, has bought Saxon Shoes, a footwear retailer based in Richemont and founded by the Weiner family 70 years ago. No financial details were available. Comfort One Shoes intends to retain the Saxon Shoes brand and keep the store at the Short Pump Town ...
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News briefs
Bata India’s sales slip on inflationary pressure
Bata India said that in the second quarter end Sept. 30 revenues fell by 1.3 percent year-on-year to 8,191 million rupee (€92.0m), despite expanding its retail network, as inflationary pressure affected demand. In September, annual inflation in India stood at 5.02 percent, down from 6.83 percent in August. Ebitda rose ...
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News briefs
Orangenkinder opens new factory
The German children’s shoe manufacturer Orangenkinder opened a new factory as it expands its production capacity amid increasing demand. The company moved operations to a new factory in Wilhelmsdorf, near Erlangen, six kilometers away from its previous location in Oberreichenbach, at the end of September. The managing director, Verena ...
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News briefs
New CEO for Garmont
Garmont International, the Italian manufacturer of technical footwear, has appointed Andrea Nalesso as its new CEO. Nalesso takes over from Pierangelo Bressan, who remains chairman of the board and a shareholder in Garmont. After several years as sales manager at Geox and Dainese, Nalesso was managing director of several equipment ...
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News briefs
Italian economy may slow down in the coming months
Italy’s economy could slow down in coming months as business and consumer surveys indicate a continued decline in confidence, wrote statistics institute Istat in its monthly note on the Italian economy. Istat noted that consumer confidence fell for the fourth consecutive month in October, reaching its lowest level since January. ...
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ArticleWolverine lowers outlook as overhaul moves forward
Wolverine World Wide’s third-quarter results weren’t pretty, but they did exceed Street estimates on several fronts as the Merrell, Saucony, and Sweaty Betty parent moved forward with numerous initiatives aimed at reducing annualized costs by $215 million and turning the company’s fortunes in the right direction again. Net income ...
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ArticleWolverine accelerates its transformation plan
Wolverine World Wide, the owner of a large brand portfolio, including Merrell, Saucony, Sperry, Sweaty Betty, Hush Puppies and Wolverine, announced actions to accelerate its ongoing strategic transformation into a “brand-led and consumer-obsessed growth company.” Chris Hufnagel, President and CEO, said: “We are moving with speed and urgency to transform ...
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ArticleAlpargatas reports a Q3 loss despite improving trends
Despite reporting 23 percent less unit volume to 51 million pairs, a 10.4 percent drop in period revenues to $896 million (€171.7m), and a net loss of R$8.5 million (€1.6m), Alpargatas realized improving trends in product sellthrough levels in the third quarter ended Sept. 30. The result was a normalization ...
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ArticleAllbirds sees Q4 sales down by 15-22%
Citing a negative impact on revenues due to its transition to a direct selling model in both Canada and South Korea, as well as plans for “heightened” promotional activity during the holiday season, Allbirds expects fourth-quarter revenues to sink by 15 to 22 percent to a range of $66 million ...
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ArticleSteve Madden enjoys strong growth in Europe
In the third quarter of 2023, Steve Madden enjoyed strong growth in Europe, but the performance in the region was not sufficient to enable the U.S. company to increase overall sales during the three-month period. “Our EMEA (Europe, Middle East and Africa) region was a standout,” commented Edward Rosenfeld, the ...
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ArticleWeyco expects another sales decline in Q4
Weyco Group said it anticipates another decline in sales in the fourth quarter of 2023 in the face of a drop in consumer demand and an inventory backlog among wholesalers. “Not only are we going up against a strong fourth quarter last year, but retail market conditions remain challenging as ...
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ArticleGerman online footwear sales down 18.6% in Q3
Online sales continued to drop in Germany in the third quarter of 2023 after two weak quarters this year and a decline in 2022, with the footwear sector again plummeting amid heightened uncertainty, a survey from the Federal association of e-commerce and mail order trade, BEVH, showed. In particular, ...
