All Shoe Intelligence articles in Volume 25, Issue 7+8
View all stories from this issue.
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ArticleArezzo sales jump 23% in Q1, looks to bolster U.S. business
Arezzo & Co reported sales of 1,286 million reais (€231.8m) in the first quarter of 2023 rising by 23.4 percent compared with the year earlier and coming on top of the roughly 64 percent growth in the top line seen in the first quarter of 2022. The sellout in the ...
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PDF NewsletterShoe Intelligence Executive Edition: Vol. 25 - 7+8
About 400 Turkish footwear factories were destroyed in February’s earthquakes | Italian shoemakers’ 2022 revenue growth revised upwards to 14.0% | Görtz brings in a new investor to exit insolvency procedure | Gabor resumes growth in 2022 after the pandemic collapse | ANWR Group FY revenues rise nearly 10% | San Marina goes into liquidation | Jimmy Choo’s quarterly sales hit by Covid resurgence in China | Sergio Rossi more than doubles 2022 sales | ACBC more than doubles 2022 sales, enters partnership with Diadora | iHeel presents an extendable heel for women’s shoes | How a new collection has prompted Safety Jogger to review its supply chain | Pouyuen Vietnam to axe 6,000 jobs | Steve Madden sees about 20% drop in wholesale revenues in H1 | Stuart Weitzman’s Q2 sales down nearly 24% | Crocs brand gains traction in EU; Heydude prepares for expanded distribution | Rocky Brands sees 2023 sales down 7-9% after 18% dip in Q4 | Wolverine Worldwide forecasts meaningful profit progress in H2 | Designer Brands buys Keds from Wolverine Worldwide | VF takes action to improve performance, divesting pack brands | Alpargatas swings to Q4 loss as inflation erodes purchasing power | Online footwear sales plummeted in 2022 in Germany | Farfetch Q4 sales dip 5%, profits squeezed but company sees ‘solid’ start to 2023 | Zalando to axe several hundred jobs
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News briefsAmazon destroyed over 6m counterfeit items in 2022
Amazon claims that it destroyed over 6 million counterfeit goods in 2022 compared with some 3 million in 2021 and about 2 million in 2020. “Our efforts to identify and dismantle counterfeit organizations are working and making a positive impact. In 2022, Amazon’s Counterfeit Crimes Unit sued or referred for ...
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News briefs
Adidas x Gucci returns with new sneakers for spring/summer
The Adidas x Gucci collection, which first launched in 2022, is back in spring/summer 2023 with a series of new sneakers that celebrate the legacies of both labels. Alongside the return of the Adidas x Gucci Gazelle, this season marks the arrival of a new take on the ZX8000, one ...
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News briefs
FitFlop obtains new $30m long-term revolving credit facility
London-based Aurelius Finance Company announced that it has provided FitFlop, a footwear company also based in London, with a new $30 million five-year revolving credit facility to support the company’s long-term growth objectives. Aurelius Finance Company, a member of the Aurelius Group, is an independent secured lender providing asset-based financing ...
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News briefs
Clergerie placed into receivership
On March 29, a Paris-based commercial tribunal placed Maison Clergerie into receivership after failing to reach an arrangement between shareholders and creditors. The French maker of luxury footwear, which is based in Romans-sur-Isère, in the Drôme department, has been loss-making for several years, according to its interim manager, Dominique Bernard, ...
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ArticleDeichmann to invest €500 mln in 2023
Deichmann plans to invest around €500 million this year, half of which is earmarked for Germany. Investments will focus on the modernization and expansion of the store network, as well as in international growth, digitalization and logistics. The German footwear retailer plans to open 200 new stores worldwide. At the ...
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News briefs
Zalando plans to reduce its brand portfolio
Zalando is planning to scale down its global brand assortment in order to increase the relevance of its assortment. “In the beginning, Zalando was all about unlimited choice. This was a bold vision. And for a long time, this assortment span was one of our strongest selling points and exactly ...
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News briefs
Boot Barn's COO retires
Boot Barn Holdings said that Gregory V. Hackman, its executive vice president and chief operating officer, plans to retire later this year. He will continue with the U.S. footwear retailer until his retirement date, currently estimated for June, and transition his responsibilities to other executives. Hackman has been Boot Barn’s ...
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News briefs
Boohoo appoints a new deputy chairman
Boohoo has appointed Alistair McGeorge as a non executive director. He will succeed Brian Small as the deputy chairman of the British online fashion retailer from March 31. McGeorge will also act as interim chair of the audit committee until the search for an additional non-executive director to fulfill the ...
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News briefs
U.K. completes talks to join CPTPP
The British government said that it has “substantially” concluded negotiations on the U.K.’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a free trade agreement including 11 members: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. The U.K. applied to join CPTPP ...
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News briefs
Ralf Ringer to stop selling footwear through third-party stores
Ralf Ringer plans to stop selling shoes through third-party multi-brand stores. The move is part of a new strategy under which the Russian footwear manufacturer and retailer intends to increasingly focus on developing its own stores and franchises. The company claims that multi-brand stores in Russia are massively moving towards ...
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ArticleReno files for bankruptcy
The shoe retailer Reno has filed for bankruptcy amid a deepening crisis in Germany’s shoe sector that has led to a string of insolvencies across the country in recent months. Reno’s parent company Reno Schuhcentrum GmbH and the subsidiary Reno Schuh GmbH applied for insolvency proceedings at the Hameln ...
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News briefs
Prada to hire 400 people mainly in central Italy
Prada plans more than 400 hires by the end of 2023, mainly in the central Italian regions of Tuscany, Umbria and Marche, as it aims to bolster its production capacity and sustain growth. It noted that the Prada Group Academy will train more than 200 people. “The more than 400 ...
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ArticleH&M posts an operating profit in Q1
In the first quarter that ended Feb. 28, H&M unexpectedly posted an operating profit of SEK 750 million (€66.4m), up from a profit of SEK 458 million a year earlier. Financial analysts were expecting a loss of more than SEK 1.0 billion (€88.5m). The operating margin widened to 1.3 percent ...
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ArticleSpanish footwear exports at record levels in 2022
The year 2022 marked a record for Spanish footwear exports. For the first time, exports exceeded the €3 billion mark at €3.059 billion, up by 22.0 percent over 2021. In volume, exports increased by 6.1 percent to 159 million pairs. The average price was €19.26 a pair, up by 15.0 ...
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News briefs
Schuurman Schoenen to use Magazino robots
Schuurman Schoenen has selected the TORU picking robots from the German start-up Magazino for its warehouse in Neede, Netherlands. The Dutch footwear retailer has 45 shops and an e‑commerce website. It offers shoes for women, men and children under third-party and proprietary brands.
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News briefs
Macy’s head to retire in February 2024
Macy’s said that its chairman and chief executive officer, Jeff Gennette, plans to retire in February 2024 after serving the company for 40 years. It added that Tony Spring, Macy’s’ executive vice president and Bloomingdale’s chairman and chief executive officer, has been appointed by the board of directors as the ...
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News briefs
Consumer confidence improves in Germany and Italy, weakens in France
Consumer confidence has improved in Germany and Italy, but slipped slightly in France over the past months. In April, consumer confidence in Germany is expected to improve to -29.5 from -30.6 in March, marking the sixth improvement in a row even if momentum has weakened, according to advance data released ...
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ArticleNext cautious on outlook but sees inflationary pressures easing
Next reported a better-than-expected annual profit but warned that it still expects sales and earnings to fall in a “very challenging” current fiscal year. Inflationary pressures were forecast to ease as freight costs drop and the cost of goods improve, but higher wages and energy costs are still expected to ...
