All Shoe Intelligence articles in Volume 25, Issue 3+4 – Page 4
-
News briefs
StockX breaks records in 2022, reveals most traded sneakers
In a new report, Detroit-based resale platform StockX details the top-traded and fastest-growing brands on its platform over the last year. StockX’s annual report – Big Facts: Current Culture Index 2023 – notes that the company surpassed 1.5 million lifetime sellers, 12 million lifetime buyers and 40 million lifetime trades ...
-
ArticleFrance introduces new anti-greenwashing rules
As part of its legislative arsenal to combat climate change, the French government has now introduced the next stage of its anti-greenwashing legislation, effective January 1, 2023. The new rules are a major step in controlling advertising claims on carbon offsetting and carbon neutrality, following laws that came into effect ...
-
News briefs
Go Sport placed into receivership
A Grenoble-based commercial court has placed under controlled administration, or receivership, the French retailer of sporting goods Groupe Go Sport after having established that it was insolvent. The court said that it “has ascertained the insolvency of the company Groupe Go Sport and launched proceedings for receivership.” It noted that ...
-
ArticleExpo Riva Schuh attracts 8,610 visitors
Expo Riva Schuh & Gardabags attracted 8,610 visitors from more than 100 countries. The organizers of the volume footwear and accessories exhibition held from Jan. 14 to 17 in the Italian town of Riva del Garda, described the attendance as “extremely positive” and higlighted that visitors from outside Europe increased ...
-
ArticleDr. Martens stumbles again due to supply bottlenecks in the U.S.
Dr. Martens issued its second profit warning in three months after the iconic British brand was hit by a bottleneck at its new Los Angeles distribution center and weak trading in the U.S. direct-to-consumer (DTC) segment. The company estimates lost wholesale revenues and incurred costs will cut full-year Ebitda by ...
-
ArticleHotter Shoes’ parent issues profits warning after ‘disappointing’ H2
Unbound Group, the British company that owns Hotter Shoes, has issued a profits warning and said it would review operations after a weaker second half. The company, which focuses on the over 55-year-old customer demographic, expects to report an adjusted pre-tax loss for the year to Feb. 5 of £4.25-4.75 ...
-
ArticleDesigner Brands appoints a new CEO
Designer Brands said that its board has appointed Doug Howe, currently the president of the group’s footwear chain DSW, to succeed Roger Rawlins as chief executive officer, effective April 1, 2023. Rawlins, who has been CEO for seven years, will also quit the board but will continue to work with ...
-
ArticleAmerican Exchange Group buys White Mountain Footwear
American Exchange Group has bought White Mountain Footwear, a U.S. company specialized in women’s shoes. The announcement comes a year after American Exchange Group’s purchase of Aerosoles in January 2022. American Exchange Group said that it plans to ”integrate and leverage the solid structure, sourcing and manufacturing capabilities, management and ...
-
News briefs
THG’s FY sales rise 3.3%
THG said that in 2022 revenues rose by a reported 3.3 percent to £2.253 billion (€2.544bn). Excluding Russia, the top line grew by 4.1 percent. The British online company said that it normalized inventory levels through the second half of 2022, with an about £75 million (€84.7m) reduction in group ...
-
ArticleC-Suite interview: Producers and retailers have to work together to prosper
In a wide-ranging interview, Bart van Helvoirt, the co-founder and CEO of Unlimited Footwear Group (UFG), outlines his views on the overall economic situation, the evolution of the supply chain and the shifting relationship between shoe makers, resellers and end users. Before discussing about your company and ...
-
ArticleDune London is enjoying strong international growth
Dune London claims that it is enjoying “significant growth” in its international sales which now represent 26 percent of the total top line thanks to a network of 131 franchise stores as well as 48 European stores and concessions. Dune London said that its recent online collaboration with Nordstrom and ...
-
News briefs
Merrell has a new head for U.S. sales
Merrell has appointed Jessica Adler as the brand’s vice president of U.S. sales. With nearly 20 years of experience in retail, Adler will be responsible for the evolution of Merrell’s U.S. wholesale strategy which will further advance the brand’s roadmap for future growth. In her new role, Adler will report ...
-
News briefs
Caleres confirms FY outlook
Caleres confirmed its financial outlook for consolidated sales, adjusted earnings per share and inventory position for fiscal year 2022. The U.S. footwear company expects full-year sales up by between 4 percent and 6 percent year-over-year, adjusted earnings per share to come in between $4.30 and $4.40 and inventory to ...
-
News briefs
Aerosoles launches a shoe collection for kids
Aerosoles is launching a collection of children’s footwear as it seeks to establish itself as a global lifestyle brand by expanding beyond women’s shoe. The U.S. brand recently announced that it would be introducing men and women’s flip flops as well as men’s socks, slippers and roller skates to its ...
-
News briefs
Oeko-Tex joins ban on PFAS
The Swiss testing, labeling and certification body Oeko-Tex has issued new guidelines for a number of its standards, which are due to come into force in the first quarter of 2023 after a transition period. In addition to a brand new certification for organic cotton (Oeko-Tex Organic Cotton), Oeko-Tex has ...
-
News briefs
Timberland has new head for the EMEA region
VF Corporation has announced new appointments to its leadership team in the EMEA region, including for the Timberland brand, effective Jan. 31. Nina Flood, the current president VF Global Packs (Eastpak, JanSport, and Kipling), is to be the new general manager of Timberland EMEA. She succeeds Mariano Alonso, who is ...
-
ArticleWolverine Worldwide’s profitability will be impacted by inventory reductions
Wolverine Worldwide reduced its fourth quarter inventory total from the prior quarter by 8.5 percent to $805 million, but the effort is forecast to weigh negatively on the company’s full year and fourth quarter adjusted diluted earnings. Wolverine warned that final earning results, when reported next month, will be at ...
-
News briefs
YNAP fined €5.25m in Italy for alleged misleading pricing, limiting returns
Italy’s antitrust authority has fined Yoox Net-a-Porter (YNAP) €5.25 million for allegedly misleading prices and limiting the right to return merchandise during a period running from 2019 to 2022. In particular, the regulator claims that the company limited consumers’ right to return merchandise by unilaterally blocking completed online orders, without ...
-
ArticleAsos insists turnaround plans on track despite sales fall
Asos insisted its turnaround remained on track, despite a slide in sales over the Christmas trading period and plans to cut more than £300 million (€338.5m) in costs this year to boost profitability. The British fast-fashion online retailer said that group revenues fell by 6 percent year-on-year in the four ...
-
ArticleGenesco lowers FY earnings guidance
Genesco trimmed its full-year earnings forecast in the wake of its sale performance in the first eight weeks of its fiscal fourth quarter. In the eight weeks ended Dec. 24, Genesco’s comparable sales, including both stores and direct sales, increased by 3 percent year-over-year. Same store sales decreased by 2 ...
