All Shoe Intelligence articles in Volume 25, Issue 5+6 – Page 4
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News briefsAsos hires ex Matchesfashion finance boss as interim CFO
Asos has appointed former Matchesfashion chief financial officer Sean Glithero as its new interim CFO as the British online fashion retailer pursues its ‘Driving Change’ transformation programme. Glithero will replace the current interim CFO Katy Mecklenburgh, who leaves in May. He has already joined the company to allow for a ...
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ArticleStuart Weitzman’s Q2 sales down nearly 24%
Stuart Weitzman, the premium footwear brand of the U.S. fashion group Tapestry, posted sales of $85 million in the fiscal second quarter ended Dec. 31, down 23.6 percent year-on-year at constant currency rates. “Revenue declined in the quarter, impacted by the brand’s significant exposure to China as well as a ...
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News briefs
Piquadro sees FY sales at €170-175m
Piquadro reported revenues of €126.8 million in the first nine months ended Dec. 31, up by 15.9 percent compared to the year earlier. The figures were in line with preliminary figures released in January. Piquadro’s net financial positive was positive for €14.6 million, compared with a positive figure of €13.9 ...
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News briefsVibram's FY sales up over 30%
Vibram recorded sales of €300 million in 2022, representing an increase of more than 30 percent from 2021, FashionNetwork.com reported. The increase was driven by sales growth across all the main markets and product categories. The U.S. market accounted for 50 percent of the company’s sales. E-commerce sales accounted for ...
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News briefsSaucony turns 125 and celebrates with new release
Saucony is celebrating its 125th anniversary with the release of its “lightest, fastest and energy-efficient shoe.” Endrophin Elite Source: Saucony The Endorphin Elite combines PWRRUN HG foam with an articulated and forked carbon plate, an upper of knitted fabric and mesh, and a “race-ready” midfoot webbing. The ...
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ArticleVF takes action to improve performance, divesting pack brands
VF Corp. is vowing to take all necessary actions to improve its operating performance heading into its FY24
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ArticleiHeel presents an extendable heel for women’s shoes
iHeel, an Italian company proposing an extendable heel for women’s shoes, is obtaining a lot of interest from end users, resellers, distributors and e-commerce companies, according to Veronica Crisafulli, the company’s co-founder along with Alessandro Filosa. The pair has been working for three years on the heel’s prototypes and invested ...
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ArticleJimmy Choo’s quarterly sales hit by Covid resurgence in China
In the fiscal third quarter ended Dec. 31, Jimmy Choo posted revenues of $168 million, down by 5.6 percent year-over-year on a reported basis but up by 3.4 percent at constant currency rates. The brand’s performance was affected by the surge in Covid-19 cases in China as the country reopened. ...
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ArticleANWR Group FY revenues rise nearly 10%
ANWR Group reported a 9.6 percent increase in business volumes to €21.7 billion in 2022 driven by the footwear, sports and leather goods divisions, which posted double-digit growth. “This is a remarkable development given the challenging conditions we faced in 2022,” said Frank Schuffelen, the CEO of the German ...
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News briefsSosandar plans to raise £4.5m
Sosandar plans to raise gross proceeds of £4.5 million (€5.6m) by issuing new ordinary shares. The British fashion brand plans the placing of at least 18,181,818 new ordinary shares via an accelerated bookbuild at a price of 22 pence (€0.25) per share in order to raise minimum gross proceeds of ...
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