All Shoe Intelligence articles in Volume 26, Issue 11+12 – Page 3
-
News briefs
Alibaba Q4 revenues up 7%
Alibaba reported revenues of RMB22.9 billion (US$30.7bn) for the fourth quarter ended March 31, representing an increase of 7 percent year-over-year. Income from operations was RMB14.8 billion (US$2.0bn), a decrease of 3 percent year-over-year. Net income attributable to ordinary shareholders was RMB3.3 billion (US$453 million). Net income was RMB919 million ...
-
ArticleAlpargatas maps out new business strategy, turns Q1 profit
Alpargatas spent much of the first quarter working on cash generation, capitalizing on efficiencies, and simplifying its business. The effort, largely focused on its home market, included better alignment between sell-in and sell-out levels and cash generation of $260 million Brazilian reais (€46.7m) versus cash consumption of R$271 million a ...
-
News briefs
Skechers enters a footwear partnership with John Deere
Skechers has entered a footwear partnership with John Deere, an American producer of agricultural and forestry machinery as well as heavy and lawn care equipment. The companies are joining forces to offer a co-branded professional and lifestyle offering. The footwear collection is designed for ”agricultural professionals, construction workers, outdoor enthusiasts ...
-
ArticleFootwear drags Tod’s’ sales lower
Tod’s‘ sales in the first quarter of 2024 fell by 6.7 percent year-over-year to €252.3 million due to the weakness of the Chinese market. At constant currency rates, the top line declined by 4.7 percent. Shoes were the weakest product category with quarterly sales down by 8.3 percent, or by ...
-
ArticleBoot Barn sees sales growth in new fiscal year as store openings continue
Boot Barn expects to resume sales growth in fiscal year 2025, after closing off the fourth quarter of fiscal 2024 with a nearly 9 percent decline in revenues, as new store openings are seen more than offsetting a continued projected decline in same-store sales. With the opening of a planned ...
-
News briefs
Golden Goose’s sales and earnings continue to rise
In the first quarter of 2024, Golden Goose posted revenues of €148 million, up by 11 percent year-over-year on a reported basis and by 12 percent at constant exchange rates. Direct-to-consumer revenues grew by 18 percent, and by 20 percent in local currencies, to €106 million, driven by the EMEA ...
-
ArticleZalando reshuffles its top management
Zalando has reorganized its top management as part of its efforts to enact its so-called “ecosystem strategy” to expand its business-to-business (B2B) and business-to-consumer (B2C) activities in order to cover 15 percent of the European fashion market The German online fashion retailer is promoting its chief operating officer (COO), David ...
-
News briefs
Neonyt trade fair moves to new location, opens to wider audience
The sustainable fashion trade fair Neonyt is moving to a new venue and is opening up to a wider audience. The fair, until now held at the Areal Böhler in the German city of Düsseldorf is moving to the Bilker Bunker, close to the city center and “at the ...
-
Articles.Oliver ends footwear licensing partnership with Wortmann
The footwear brand s.Oliver prepares to venture on its own path as its owner, the German fashion company s.Oliver Bernd Freier GmbH & Co. KG, plans to end its licensing partnership with the Detmold Wortmann Group on Dec. 31, 2025 after more than 20 years, in a bid to “realign ...
-
ArticleYue Yuen’s profits double in Q1
Profit attributable to owners of the Chinese group Yue Yuen increased by 97 percent year-over-year to $100.0 million for the first quarter ended March 31 from $50.8 million a year earlier. Ebit rose by 82 percent to $145.1 million from $79.7 million despite a 4.9 percent decline in total revenues ...
-
ArticleCrocs extends its shoe takeback program to whole of continental US
Crocs has extended its “Old Crocs. New Life” shoe takeback program to the whole of continental US. All Crocs retail and outlet locations in the country, excluding Hawaii and Puerto Rico, are now equipped with designated collection boxes to drop off Crocs shoes in any condition. Anyone with used Crocs ...
-
News briefs
Superfeet appoints a new CFO
The insole specialist Superfeet appointed Kathryn McKenzie as its new chief financial officer. The company said McKenzie will play a crucial role in activating Superfeet’s expansion into medical and industrial/work communities. McKenzie most recently served as CFO at HealthTrackRx, a premier national molecular diagnostic laboratory. Prior to this, she held ...
-
ArticleHow Gerli is relaunching Camel Active
After HC Footwear, a unit of Hamm Market Solutions which held the Camel Active license for footwear and handbags, filed for bankruptcy in May 2022, the license was taken over for seven years by the German footwear company Schuh-Import und Export Gerli in November of the same year. “The previous ...
-
ArticleAllbirds confirms FY guidance as Q1 sales plummet
In the first quarter of 2024, Allbirds’ net revenues decreased by 27.6 percent to $39.3 million primarily due to lower overall demand, as well as the impact of the transition to distribution models in some foreign markets and store closures in the US. The company has completed the transition to ...
-
ArticleArezzo’s sales lifted driven by e-commerce and own stores
Arezzo & Co posted gross revenues of 1,358 million Brazilian reais (€244.2m) in the first quarter of 2024, up by 5.6 percent compared to the year earlier driven by e-commerce and own stores. The number of shoes sold rose by 1.3 percent year-on-year to 4.653 million pairs the three-month period, ...
-
News briefs
Tod’s can be delisted after a successful public tender
Crown Bidco, the investment vehicle used by L Catterton to buy out Tod’s’ minority shareholders at €43 per share, has obtained sufficient acceptances to delist the Italian luxury goods group. In the public tender that ended on May 8, Crown Bidco obtained acceptances for 5.855 million shares, representing 17.691 percent ...
-
News briefs
Moreschi proceeds with the firing of 59 workers
As announced in February, Moreschi, an Italian producer of upscale shoes, has proceeded with the firing of 59 people as part of its plans to outsource its production to third parties. In February, the Italian footwear company controlled by the Swiss group Hurley said that its own production was “not ...
-
ArticleFerragamo’s Q1 sales decline sharply
Salvatore Ferragamo’s first-quarter revenues fell by 18.3 percent to €227 million, with sharp declines in all regions and missing market expectations by about €3 million. At constant exchange rates, the drop was limited at 16.6 percent. Net sales, which exclude certain revenues such as licenses, dropped by 19.2 percent as ...
-
ArticleWolverine starts to see the signs of a turnaround
In a self-proclaimed “transition year,” Wolverine Worldwide is beginning to witness ”proof points” of its efforts to turn around its business. These developments in the first quarter, when the company exceeded Wall Street’s revenue expectations, included higher gross margins, less promotion in the direct-to-consumer channel, a sharply lower inventory level, ...
-
News briefs
Dr. Martens’ new CFO joins early
Dr. Martens said that Giles Wilson, who has been appointed to the role of Chief Financial Officer, will join the company and the board on May 13, two weeks earlier than the previously announced date of May 27. Wilson is replacing Jon Mortimore, who is retiring from the ...
- Previous Page
- Page1
- Page2
- Page3
- Page4
- Next Page
