All Shoe Intelligence articles in Volume 26, Issue 3+4 – Page 2
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ArticleThe stocks of footwear companies inched up in Q4
The prices of stocks monitored by Shoe Intelligence grew by 4 percent on average in the fourth quarter of 2023, compared with the previous three months, but trading remained volatile, with significant fluctuations among the companies of the cohort. The quarter was marked by the initial public offering (IPO) of ...
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ArticleTod’s hints at positive profit news as sales momentum continues
Diego Della Valle, the chairman and CEO of Tod’s, said he was “very positive” about profits and growth potential at the Italian fashion house after it reported 2023 figures that showed continuing sales momentum. Full-year sales increased by 11.9 percent last year to reach €1,127 million, growing by 14.0 percent ...
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ArticleC-Suite interview: Rohde enters the U.S. market and expands its European online business
Rohde is continuing its recovery by entering the U.S. market and expanding to most of Europe its business-to-consumer (B2C) online platform, which is currently limited to Germany. On May 3–4, 2023, Rohde took part as an “education sponsor” in the Leadership Conference of the US National Shoe Retailers Association held ...
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ArticleRevenues fall at Dr. Martens as U.S. business remains out of step
Dr. Martens’ revenues fell by a fifth during the key Christmas period because of continuing weak performance in the US and a slump in wholesale demand. The British footwear company, which issued four profit warnings last year, posted revenues of £267 million (€313m) for the last three months of 2023, ...
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ArticleEurope underpins Ferragamo’s sales
Salvatore Ferragamo’s total revenues in the fourth quarter of 2023 fell by 5.6 percent on a reported basis, and by 5.9 percent at constant exchange rates, to €312.5 million, roughly in line with market expectations. During the quarter, net sales, which exclude certain revenues such as licenses, registered a “positive ...
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ArticleBrazilian footwear exports collapse in December
In December, Brazilian footwear exports fell by 41.5 percent year-over-year in volume to 7.45 million pairs and by 33.3 percent in value to $73.44 million, according to data released by the Brazilian footwear industry association, Abicalçados. For the whole of 2023, exports dropped by 16.6 percent in volume to 118.34 ...
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ArticleConsumer sentiment worsens in Germany
Consumer sentiment has taken a nose dive in Germany at the start of 2024, according to a survey published jointly by the research institute GfK and the Nuremberg Institute for Market Decisions (NIM). “The year 2024 starts off very disappointingly for consumer sentiment in Germany: both economic and income expectations ...
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News briefsWortmann obtains a court victory against Birkenstock
The Wortmann Group says that its subsidiary shoe.com GmbH & Co. KG has obtained a victory in the Higher Regional Court of Cologne against Birkenstock in a case alleging copyright infringement. In a ruling issued on Jan. 26, the court overturned a decision made on May 11, 2023, by the ...
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ArticleBrazilian footwear firms expect to generate $19.6m in sales thanks to Expo Riva Schuh
At Expo Riva Schuh & Gardabags, the Italian trade show specializing in footwear, bags and accessories held from Jan. 13 to 16 in Riva del Garda, Brazilian exhibitors sold 223,000 pairs of shoes for a total value of $4.1 million. Judging by the deals struck during the trade fair, the ...
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News briefs
JD Worldwide opens a warehouse in Paris
JD Worldwide has announced plans to open its first warehouse for fashion goods in Paris. This initiative is key in fulfilling the company’s cross-border e-commerce strategy, aiming to bring more European brands into the Chinese market by offering efficient solutions. The warehouse will be located in Val-d’Oise, on the outskirts ...
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News briefs
Footway secures a debt settlement
Footway Group’s restructuring plan has been approved, resulting in a debt settlement where the e-commerce company will pay approximately 70 million Swedish kronor (€6.17m) to its creditors in mid-March. The decision had broad support among creditors and Footway expects to exit the restructuring program in mid-February. According to the company, ...
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News briefs
Nike sues Global Heartbreak over alleged Air Jordan imitations
Nike has filed a lawsuit in New Jersey District Court against Global Heartbreak and its founder Naadier Riles for trademark infringement of the Air Jordan 1 High. According to the complaint, the defendant copied Nike’s silhouette and outsole design and replaced the branding with his own. Riles allegedly admitted that ...
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News briefs
Sung Choi returns to Clae as creative director
After founding Clae, a Los-Angeles based sneaker brand, in 2001 and leaving the company in 2016, Sung Choi returns as its new creative director. Prior to founding Clae, Choi was footwear designer for neary four years at DC Shoes and director of footwear design at Lakai Footwear for over three ...
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News briefs
Ferragamo hires a new CFO
Salvatore Ferragamo has appointed Pierre La Tour as chief financial officer (CFO), effective March 18. He is currently CFO of Biesse, an Italian producer of machines to process wood, glass, stone, plastic and metal. La Tour succeeds Alessandro Corsi, who left the Italian fashion group in Sept.30. Corsi had been ...
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ArticlePrimark does not expect severe disruption due to Red Sea tension
Primark’s sales grew by 2.1 percent on a like-for-like basis over the Christmas quarter despite a warm autumn, however they were down from an 8 percent rise in the previous three months. The British fast-fashion retailer added it did not expect severe supply disruptions from attacks on commercial shipping in ...
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News briefs
Fessura raises €1.8m in crowd funding
Fessura, a sneaker company based in Italy’s Marche region, raised €1.8 million in a crowdfunding that attracted 161 investors. The fund raising was carried out on the Mamacrowd platform and closed on Jan. 17. The minimum goal of the crowd funding was €800,000 and the maximum size €2.1 million. The ...
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ArticleHow French retailers can save up to a year’s rent on their lease
In a comprehensive interview, Tanguy Pissembon, a Paris-based legal counsel in real estate, explains how commercial tenants in France can significantly save on their rents when renewing their leases by properly using the country’s legislation.
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ArticleBoohoo’s CFO quits with immediate effect
Boohoo’s chief financial officer Shaun McCabe has left the British fast-fashion online retailer with immediate effect and has been replaced by Stephen Morana, a former non-executive director of the company. The Manchester-based business, which owns the brands Karen Millen, PrettyLittleThing and Dorothy Perkins, said that McCabe had left the firm ...
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News briefs
Ara appoints new sales manager for specialist retailers
The German footwear group Ara has appointed a new sales manager for specialist retailers in the domestic market. Christian Kühn joined the company on Jan. 1, succeeding Sven Krafft. He reports directly to the head of sales, Frank Lüttig. Kühn previously worked as sales manager for the Dielmann ...
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ArticleANWR Group's FY sales down 5%
ANWR Group reported a 5.0 percent decrease in business volumes to €20.7 billion in 2023, with all divisions suffering a decline. “2023 was a particularly challenging year,” said Frank Schuffelen, the CEO of the ANWR Group. “Inflation rates, high cost pressure and the depressed consumer sentiment caused by the geopolitical ...
