All Shoe Intelligence articles in Volume 26, Issue 21+22 – Page 2
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News briefs
German consumer sentiment improves
In November, German consumer sentiment is expected to improve to -18.3 points from -21.0 points in October, according to a survey published jointly by GfK and the Nuremberg Institute for Market Decisions (NIM). The preliminary reading for October was -21.2 points. “Following the slight improvement in the previous month, the ...
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ArticleVF Corp.’s turnaround continues to take shape
VF Corp. continues to make progress on its turnaround plan, delivering sequential sales improvement, a year-over-year increase in gross margin, and a 13 percent reduction in inventories in the second quarter that ended September 30.
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News briefs
Ochsner Shoes opens a redesigned flagship store in Zurich
The Swiss shoe retailer Ochsner Shoes has reopened its modernized flagship store on Zurich’s Bahnhofplatz, featuring open, light-filled spaces with natural wooden elements. Product display is enhanced by digital features such as screens and Bita Touch technology, which fit into the overall store concept, providing customers with additional information ...
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ArticleDeichmann acquires the footwear rights of the Esprit brand
Deichmann has struck a deal to acquire the rights to Esprit’s footwear brand in Europe and the United States, marking a key step in the restructuring of the bankrupt fashion brand. The acquisition only pertains to Esprit’s shoe trademark rights – which Deichmann sees as a valuable addition to its ...
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News briefs
Permira buys a 40% stake in K-Way
Permira, the private equity that owns an 83 percent stake in Golden Goose, the Italian brand of premium sneakers, has entered into an agreement to buy a 40 percent stake in K-Way from BasicNet. BasicNet will retain a 60 percent stake in the brand known for its waterproof jackets. The ...
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News briefs
Baffin launches protective footwear range for first responders
Baffin launched the Hero Collection, a protective footwear range designed specifically for technical and emergency services. The collection debuts the Ice Hero, available with a safety toe and plate or plain toe, in men’s and women’s sizes. The Hero Collection is available through Baffin.com and retailers across North America. ...
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ArticleSkechers sees India rebound as China stumbles in Q3
Skechers’ revenues in India jumped by 24 percent in the third quarter of 2024, rebounding after suffering in the previous quarter in the face of changing regulatory requirements, while sales in the Chinese market declined by 5.7 percent to $252.4 million as an economic slowdown in that market affects consumer ...
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News briefs
OrthoLite hires a new Vice President of Operational Excellence
The US-based insole specialist OrthoLite hired Raj Santhana as the new Vice President of Operational Excellence. He will be responsible for OrthoLite’s manufacturing excellence and innovation, as well as automation and digital transformation. He will work closely with the company’s Global Foam Innovation Team in a new satellite office located ...
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News briefs
Alaïa’s fishnet ballet flats rated the hottest fashion product in Q3
Alaïa’s fishnet ballet flats were the hottest fashion product in the third quarter, according to The Lyst Index. “Hero Alaïa products are holding their cachet; well over a year since the mighty Alaïa flats first appeared in the Hottest Products ranking in Q2 2023, the fishnet style is this quarter’s ...
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ArticleCapri and Tapestry’s merger blocked by a US court
A US judge has blocked an $8.5 billion planned merger between the luxury goods groups Capri Holdings and Tapestry. Capri owns the luxury footwear brand Jimmy Choo as well as the fashion labels Versace and Michael Kors. Meanwhile, Tapestry owns the premium footwear group Stuart Weitzman and the fashion brands ...
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ArticleDeckers raises guidance as Hoka continues to shine in better-than-expected Q2
Deckers Outdoor raised sales and profit guidance for its full financial year as growth at its Hoka brand accelerated and it announced better-than-expected group results in the second quarter ended Sept. 30. Second-quarter revenues increased by 20.1 percent to $1.31 billion, above a $1.20 billion analyst consensus, with growth continuing ...
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ArticleFrasers urges to appoint its owner to run Boohoo
Frasers is urging Boohoo to appoint Mike Ashley as a director and CEO and name Mike Lennon, a restructuring specialist, as a board director. Ashley controls the UK sportswear retailer Frasers, which in turn is Boohoo’s largest shareholder with an about 27 percent stake. In an open letter sent to ...
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News briefs
Hermès’ sales up over 10% in Q3
Hermès generated sales of €3.704 billion in the third quarter of 2024, up by 10.1 percent on a reported basis and 11.3 percent at constant exchange rates. All regions showed growth, despite a “particularly high” comparison base in Europe and Asia Pacific. In the first nine months of the year, ...
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News briefs
Leder & Schuh opens three new stores
The Austrian shoe retailer Leder & Schuh is continuing its expansion with the opening of three new stores. On Oct. 3, two Humanic shops were launched, one in the Eisenstadt shopping center in the Burgenland region of Austria and in the HEY! Steyr shopping center in Steyr, Upper Austria, ...
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ArticleDecline in retail space in Austria accelerates, with footwear among the worst hit
Austria is losing retail space at an increasing pace, with a decline observed over the last decade accelerating in the past two years, and the footwear retail sector is among the worst hit, a survey from market researcher RegioData showed. Companies are less inclined to expand, some are downsizing ...
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ArticlePajar Canada buys Cougar Shoes
The Canadian footwear group Pajar Canada bought its peer Cougar Shoes. No financial details were released, but Pajar described the acquisition as a “significant milestone.” Thanks to the takeover, Cougar shoes will be able to leverage the group’s “combined expertise to create unique products that resonate with both longstanding ...
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News briefs
Ghost raises $40 million in funding
The private B2B marketplace for worldwide brands, Ghost, has raised $40 million in Series C funding. The funding was led by L Catterton, with participation from existing investors USV, Cathay Innovation, Equal Ventures, and Eniac, a private B2B marketplace for global brands to sell excess inventory to new buyers. Ghost’s ...
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ArticleHow an Italian 3D scanner manufacturer has stormed the footwear industry
The startup Covision Media decided to initially focus on the footwear industry to commercialize its 3D scanner developed in Bressanone, near the northern Italian town of Bolzano. The company, which was founded on Feb. 9, 2024, after having spun off from the technology group Covision Lab, currently has a slate ...
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ArticleBirkenstock starts direct sales in South Korea
On Oct. 23, Birkenstock launched a country-specific e-commerce website for South Korea as part of its strategy to bolster its presence in Asia. The website, www.birkenstock.com/kr, lays “the foundation for further expansion in the dynamically growing country, which is home to 52 million people,” explained the footwear brand. From ...
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ArticleBoohoo’s CEO steps down
Boohoo’s CEO, John Lyttle, is stepping down after five years with the British fast fashion online retailer. He will continue to work with the leadership team and the board over the coming months while a successor is found and to ensure a smooth transition, the company said. Boohoo added that ...
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