All Shoe Intelligence articles in Volume 26, Issue 1+2
View all stories from this issue.
-
PDF NewsletterShoe Intelligence Executive Edition: Vol. 26 - 1+2
Italian footwear companies suffer a decline in sales in the second half of 2023 | Luís Onofre re-elected at the helm of Apiccaps | Minelli partially saved | Clarks set to axe UK 103 jobs and announces Benelux tie-up with GAB | Next lifts guidance again but warns of potential stock delays from Red Sea shipping attacks | JD Sports cuts profit guidance as sales disappoint | C-Suite interview: Easywalk aims to consolidate the Covid-19 boom | Fessura plans to raise €2.1m in a crowdfunding | Moody’s upgrades Golden Goose’s credit rating outlook to positive | Pikolinos’ full-year sales rise to a record €138m | ANWR Media relaunches the e-commerce platform Schuhe.de | Deichmann ends MyShoes brand, closes 90 stores | Caprice takes over Peter Kaiser | Görtz plans comeback in Austria with new openings, retail concepts | CCC Group starts Q4 with 10% sales boost led by HalfPrice | New brands enter the Russian market, but face an uncertain future | Wolverine sells assets in Asia for $70m | Wolverine’s inventory and debt are below expectations at the end of 2023 | Genesco slashes FY earnings guidance after disappointing Christmas period | Designer Brands slashes guidance after sharp decline in Q3 boot sales, post-Cyber Monday ‘lull’ | Crocs hikes its FY guidance | Lanvin Group appoints a new CEO | Emerging designer: The Peshawari chappal: Çaplait! | CEC welcomes EU comprise on ecodesign
-
ArticleMinelli partially saved
The French footwear retailer Minelli is being acquired by three investors and avoids going into liquidation, the news agency AFP reported citing a decision by a Marseille-based commercial tribunal. However, the investors will only keep a third of Minelli’s employees and less than half its stores. The retailer, rebranded Maison ...
-
ArticleCrocs looks to international business to drive growth
Crocs expects international markets to outperform its domestic business in coming years, after a 2023 marked by a strong performance for the U.S. footwear group in Asia, led by “extraordinary” growth in China. Markets outside of the U.S. now represent nearly 40 percent of the group’s business, said Andrew Rees, ...
-
News briefs
U.K. retail sales hit by weak consumer confidence in December
In December, total retail sales in the U.K. rose by 1.7 percent compared with 6.9 percent growth in the same period of 2022 and below the three-month average increase of 2.3 percent and the 12-month average rise of 3.6 percent, according to the latest survey released by the British Retail ...
-
ArticleLuís Onofre re-elected at the helm of Apiccaps
Luís Onofre was re-elected president of Apiccaps, the Portuguese association of footwear, components and leather goods manufacturers, for a new three-year term. Joaquim Moreira will chair the association’s general meeting and Domingos Ferreira the supervisory board. In a statement, Onofre said that “it should be recognized that in recent years, ...
-
News briefs
Caleres reiterates its full-year guidance
Caleres reaffirmed its financial outlook for consolidated sales and earnings per share (EPS) for the fiscal year 2023. The U.S. footwear company expects net sales to be down by 4.5 percent to 5.5 percent compared to fiscal 2022, diluted EPS of $3.96 to $4.06 and adjusted diluted EPS of $4.10 ...
-
ArticleGenesco slashes FY earnings guidance after disappointing Christmas period
Genesco slashed its full-year earnings guidance in the wake of weak Christmas sales. In the nine weeks to Dec. 30, which represent about two-thirds of the company’s fiscal fourth quarter, like-for-like sales decreased by 4 percent. Same-store sales decreased by 6 percent and comparable sales for the company’s e-commerce businesses ...
-
ArticleWolverine’s inventory and debt are below expectations at the end of 2023
Wolverine World Wide confirmed its sales and earnings guidance released in November, while inventory and net debt are below expectations. The U.S. company expects full-year and fourth-quarter revenues of approximately $2.24 billion and $527 million, respectively. The annual and quarterly revenues for the ongoing business are estimated at $2.20 billion ...
-
News briefs
Christmas shopping fails to boost online sales in Germany
Online Christmas sales again failed to bring a holiday cheer to German retailers, despite strong sales during the ‘Black Week’. Total online retail sales in the country in the run-up to Christmas, from the beginning of October to the end of November, were down by 7.7 percent, unadjusted for inflation, ...
-
ArticleDestruction of new shoes is an absolute exception in Germany
The destruction of new apparel and footwear is the absolute exception and new items only make up a small fraction of the goods sent to the landfill, according to Germany’s textile, shoes and leather goods trade association, BTE. The remarks followed the European Union’s steps in early December of ...
-
ArticleCrocs hikes its FY guidance
Crocs now expects to post record 2023 revenues of approximately $3.95 billion, which would represent more than 11 percent growth year-over-year, compared with the previous guidance of a 10-11 percent increase. “2023 was a strong year for Crocs, Inc. that culminated in a successful holiday season with market share gains ...
-
News briefs
Piquadro’s revenues up by 3.7% in first 9 months
The Italian leather goods company Piquadro generated revenues of €131.5 million in the nine months ended Dec. 31, up by 3.7 percent compared to the previous year. At constant exchange rates, revenues rose by 4.8 percent. Revenues at the Piquadro brand increased by a reported 9.8 percent, and by 11.7 ...
-
News briefs
Gabor appoints Sascha Negele as board member for customer and brand
The German shoe manufacturer Gabor Shoes has hired a new customer, brand and sales director. The Rosenheim-based company appointed sales expert Sascha Negele as board member for customer and brand. After the CEO, Achim Gabor, stepped down in mid July 2023 for health reasons, these departments were co-managed by ...
-
ArticleItalian footwear companies suffer a decline in sales in the second half of 2023
After the gains posted in the first half of 2023, driven by a 13.6 percent year-over-year surge in the first quarter and a timid 1.2 percent rise in the second quarter, revenues of Italian shoe makers are estimated to have dropped by 5.8 percent year-over-year in the third quarter, according ...
-
News briefs
Emilio Zamberlan has passed away
Emilio Zamberlan has passed away at the age of 80. His father, Giuseppe, was the founder of the Italian footwear company Calzaturificio Zamberlan, which specializes in handmade outdoor and hunting footwear, in 1929. The company is now led by the third generation with Marco and Maria. Emilio Zamberlan projected Calzaturificio ...
-
News briefs
LuisaViaRoma buys Holding IT
The Florence-based online multibrand retailer LuisaViaRoma has acquired Holding IT, the owner of Playground, a retailer of luxury sportswear stores operating under the banner Soft, and of FFW, a creator and manager of e-commerce sites for fashion brands. The combined group had sales of nearly €400 million in 2023 and ...
-
ArticleGenesco appoints a new chief merchandising officer for Journeys
Genesco appointed Chris Santaella as executive vice president and chief merchandising officer of the Journeys Group, effective Feb. 5. He replaces Pete Hicks, who retired in October 2023, and will report to Andy Gray, Journeys’ president. “An accomplished and diversified global merchant, Santaella will lead Journeys’ buying, merchandising, planning and ...
-
News briefs
Boot Barn reports a sharp drop in same-store sales
In the fiscal third quarter ended Dec. 30, Boot Barn estimated that net sales grew by 1.1 percent year-over-year to $520.4 million thanks to new store openings. The company opened 11 new stores in the third quarter, or 37 stores year-to-date, bringing the total store count to 382. Same-store sales ...
-
News briefs
K-Swiss appoints a new head of lifestyle
K-Swiss has appointed Andrew Richard, most recently vice president and general manager for North America at FootBalance System, as its new vice president of lifestyle. He will report to Barney Waters, who rejoined K-Swiss in November as its international brand president. Richard will be tasked with leading lifestyle sales for ...
-
News briefs
Amer Sports files registration form for planned U.S. IPO
Finnish Amer Sports, Inc., which includes the Arc’teryx, Salomon, Wilson, Peak Performance and Atomic brands, among others, announced on Jan. 4, that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. The number ...
