All Shoe Intelligence articles in Volume 26, Issue 5+6 – Page 3
-
ArticleVF to extend its board in agreement with Engaged Capital
VF Corporation has appointed Caroline Brown to its board in agreement with its shareholder Engaged Capital. The activist investor has been pushing for an aggressive turnaround for the US apparel and footwear company. ”This appointment follows constructive engagement with VF’s shareholders, including Engaged Capital, LLC. VF also intends to ...
-
ArticleHow Cortina wants to disrupt the sneaker market with its new SJ brand
Simultaneously in Europe and in Asia, Cortina launched the SJ brand, which it expects will disrupt the sneaker market and help it make the transition from a private label business to a brand-centric entity. The new label was showcased at Expo Riva Schuh & Gardabags, an international trade show specializing ...
-
ArticleCrocs brand starts 2024 with momentum but $5bn sales target will take longer to reach
The Crocs brand has started 2024 “with momentum,” after sales in 2023 jumped by 14 percent to $3.0 billion, but management now expects it will take a bit longer to reach a $5.0 billion 2026 sales target unveiled in 2021. “I don’t think it’s realistic to achieve the $5 billion ...
-
News briefsFrench shoe sales drop 4.9% in 2023
In 2023, sales volumes of fashion items dropped by 4 percent in France, led by a 4.9 percent decline in footwear, according to the Institut Français de la Mode (IFM), a higher-education institution. IFM noted fashion retailers continued to face a difficult business environment, with chains closing 782 stores and ...
-
ArticleShoe Carnival buys Rogan Shoes
Shoe Carnival has acquired Rogan Shoes, a 53-year-old work and family footwear company with 28 stores in Wisconsin, Minnesota and Illinois which trade under the Rogan’s Shoes banner, for a purchase price of $45 million. The US footwear retailer expects the acquisition to be immediately accretive to its fiscal 2024 ...
-
News briefsLiving Kitzbühel hires a head of product
The Austrian slipper brand Living Kitzbühel has expanded its management team with the addition of Christina Wittmann as the new Head of Product, according to media reports. Wittmann previously worked for 16 years at Leder & Schuh AG, where she most recently served as Head of Buying, after introducing ...
-
ArticleTown Team is seeking to expand its footwear offer
Town Team, a fast-growing Egyptian retailer, is seeking for new suppliers to enhance its footwear range as it faces competition from fast-fashion brands such as Zara and Bershka, both owned by the Spanish behemoth Inditex, and LC Waikiki, a Turkish chain also known as LCW. Town Team, which offers men’s ...
-
News briefsHooijer Footwear Group strengthens its sales team
The Dutch distribution and wholesale company Hooijer Footwear Group has strengthened its sales team in Bavaria and Austria. Thomas Lugmeier has been responsible for the Heydude and Crocs brands since the beginning of the year, Hooijer said on its LinkedIn page. He succeeds Gerd Neubauer, who is now in ...
-
ArticleMicam attracts over 900 brands
Micam will host 923 brands at its forthcoming edition, scheduled from Feb. 18 to 21, with 464 labels coming from Italy and 459 from abroad, mainly Spain, Turkey, Brazil, Germany and Portugal. Micam, which will be held at the Fieramilano Rho exhibition center at the outskirts of Milan, will showcase ...
-
News briefsMicam to see the presence of 76 Brazilian brands
Abicalçados said that 76 Brazilian brands benefitting from a trade support scheme will be attending the Micam trade show, scheduled to run from Feb. 18 to 21 at the Fieramilano Rho exhibition center on the outskirts of Milan. The delegation is similar in size to the one present at Micam’s ...
-
News briefsMaersk warns that Red Sea crisis could last well into H2
Maersk is advising customers to prepare for a Red Sea crisis that could last well into the second half of this year. “Unfortunately, we don’t see any change in the Red Sea happening anytime soon,” Charles van der Steene, the regional president for Maersk North America, told the television network ...
-
News briefsFamous Footwear hires a general merchandise manager
Andrew Leckie has joined Famous Footwear as senior vice president and general merchandise manager. He will oversee buying and merchandising for the adult athletic, kids and Canadian businesses, announced Caleres, owner of the American footwear retailer. Leckie began his career in athletics and footwear nearly 30 years ago and has ...
-
News briefs
German economic sentiment improves
In February, the index for economic sentiment in Germany rose to 19.9 from 15.2 in January, lifted by expectations that the European Central Bank (ECB) and the US Federal Reserve would start cutting interest rates to stimulate the economy, according to the latest survey released by think tank ZEW. Economists ...
-
News briefsDeckers names Robin Green head of Hoka
Deckers Brands has named Robin Green as president of the brand Hoka, with immediate effect. Green will serve on the executive leadership team, reporting directly to Dave Powers, the CEO and president of Deckers Brands. ”Green has an extensive track record of leading and operating complex global businesses while delivering ...
-
ArticleSam Edelman expands into four categories, including handbags and kids’ shoes
Sam Edelman, a leading brand in the portfolio of the US footwear company Caleres, has entered into partnerships with four new licensees to expand all three of its brands – Sam Edelman, Circus NY by Sam Edelman and Sam & Libby – into new categories. The new licensing partners are ...
-
ArticleBasicNet’s revenues inch up 3%
BasicNet generated consolidated revenues of €398.6 million in 2023, up by 2.7 percent from the year earlier, as aggregate group brands revenues slipped by 10.4 percent to €1.14 billion, preliminary results show. The Italian company, which is the parent of such brands as Kappa, Robe di Kappa, K-Way, Superga and ...
-
ArticleKenyan footwear producer seeks a partner to launch leather-shoe production
Saagar Shah, whose family owns and manages Kenya Suitcase Manufacturers (KSM), is planning to enter the leather-shoe market and is seeking a partner with skills in the production of uppers. The Mombasa-based company generates half its revenues from the production of rubber boots, polyvinyl chloride (PVC) shoes, for adults and ...
-
ArticleHow Starlet continues to develop its fashion line as it grapples with adverse forex
The Starlet group, a Pakistani shoemaker based in Lahore, has continued to develop its line of fashion shoes, with a foray into women’s footwear, while having to deal with the consequences of a sharp devaluation of the local currency. Between early 2022 and September 2023, the Pakistani rupee declined by ...
-
ArticleNew delisting attempt for Tod’s
After failing at the end of 2022, Tod’s’ key shareholders are trying again to delist the Italian company by offering a higher price. Financial analysts are divided on whether the new attempt will be successful. Under the current offer, Crown Bidco, a company controlled by L Catterton, a private equity ...
-
News briefs
Skechers celebrates dismissal of shareholder lawsuit by Delaware Court
Skechers USA. Inc. has announced that the Delaware Chancery Court has dismissed with prejudice the shareholder derivative lawsuit filed on July 21, 2022, against all current and former members of the Skechers board of directors named as defendants. The court’s decision to dismiss the action with prejudice was met with ...
- Previous Page
- Page1
- Page2
- Page3
- Page4
- Next Page
