All Shoe Intelligence articles in Volume 27, Issue 11+12 – Page 2
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ArticleDeckers’ Q1 sales seen rising less than expected as tariffs start to bite
Deckers Brands forecasted that sales in the first quarter ending June 30 will rise to $890-910 million from the $825 million reported the year earlier, falling below an analyst consensus for a top line of about $919 million. Deckers said the first-quarter forecast factored in the impact of US import ...
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News briefs
Trump threatens 50% tariff for EU goods
The US President Donald Trump is recommending a 50 percent import tariff on goods from the European Union after claiming that trade talks with the bloc had stalled. ”The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very ...
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ArticleAllbirds signs new distribution deals
Allbirds has signed distribution agreements for multiple countries in Central and South America as well as in Southern Europe, further expanding the global presence of the US footwear brand. Effective this spring, Kiwi Life Group becomes the exclusive Allbirds distributor in Central America, the Caribbean, Chile and Colombia, and Trendy ...
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News briefs
French footwear sales up by 0.7% in April
In April, French footwear retail sales rose by a seasonally and working-day adjusted 0.7 percent month-on-month, according to the Bank of France. Overall, retail sales in France grew a seasonally and working-day adjusted 0.5 percent from March, when they were stable.
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ArticleCoats upbeat despite US tariff uncertainty
Coats said that its first-half results are on track to finish higher than last year, despite US President Donald Trump’s global tariff regime causing “elevated uncertainty” in a number of its markets. The industrial thread and footwear components maker said revenues in the four months to April 30 had risen ...
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ArticleShoe Zone stumbles to H1 loss on weaker demand, weather
Shoe Zone has swung to a half-year loss and scrapped its dividend, blaming weakening consumer confidence and unseasonal winter weather conditions in the first quarter, sending shares in the retailer crashing by a fifth. The British footwear retailer posted a pre-tax loss of £2.3 million (€2.72m) for the 26 weeks ...
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News briefs
Timberland names Darren Leon Mckoy as Creative Director
Darren Leon Mckoy, Dr. Martens’ former Creative Director, announced on that he was appointed Global Vice President of Product Design and Creative Direction at Timberland, which is owned by VF Corp.. ”Today, I’m proud and excited to share that I’ve joined VF Corp as Global Vice President of ...
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News briefs
Levi Strauss to sell Dockers to Authentic Brands
Levi Strauss & Co has agreed to sell Dockers to Authentic Brands Group for $311 million. The transaction could reach as much as $391 million through an $80 million earnout opportunity. The San Francisco-based jeans maker said last year it was considering a sale of Dockers, renowned for its khakis ...
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News briefs
Canadian Tire acquires Hudson’s Bay’s brands
On May 15, Canadian Tire Corporation (CTC) announced it has signed a definitive agreement to acquire the intellectual property portfolio of Hudson’s Bay Company (HBC), one of Canada’s oldest retailers. The $30 million comprises HBC’s intellectual property portfolio, including brand labels and designs for the HBC Stripes, Hudson’s Bay Company, ...
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ArticleUS court rules that Iconix improperly terminated the Pony license with Fashion Footwear
A New York Appellate Court ruled that Iconix’s decision to end a footwear license agreement regarding the Pony brand with New York-based Fashion Footwear was “unlawful”, according to a statement released by Oved & Oved LLP, the law firm counseling Fashion Footwear. The law firm pointed out that it will ...
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News briefs
Indian state of Uttar Pradesh launches a footwear cluster
The Uttar Pradesh State Industrial Development Authority (UPSIDA) said that it is developing the state’s “first dedicated Footwear Park” on 131.69 acres in the town of Kanpur. The project aims at providing opportunities for micro, small and medium enterprises, it said. The park is envisioned as a hub for manufacturing ...
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News briefs
Piccadilly to celebrate 70 years during Expo Riva Schuh
On June 15, Piccadilly will celebrate its 70th anniversary. The venue of the exclusive event is Spiaggia Olivi on the shore of Lake Garda in Riva del Garda, Italy, during Expo Riva Schuh. “The evening will bring together clients, strategic partners, international agents, board members, and the Piccadilly family business ...
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News briefs
Global luxury goods sales seen down 2-5% in 2025
In 2025, the global market for personal luxury goods is expected to fall by 2 to 5 percent after declining by 1 percent last year, according to a survey released by the consultancy Bain & Company. Bain’s previous forecast released in November 2024 was for the market to increase by ...
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ArticleClergerie is taken over by the Spanish company Petrel 92 SL
Clergerie has been taken over by the Spanish group Petrel 92 SL, but the future of the staff of the French manufacturer of luxury footwear remains uncertain. Petrel 92 SL’s takeover offer was placed after the commercial court of Romans-sur-Isère, France, announced on April 8 the liquidation of the French ...
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ArticleBirkenstock hikes its guidance after strong Q2
Birkenstock Holding, the UK-based parent company of the German sandal maker, increased its full-year guidance after posting a strong set of results for its fiscal second quarter ended March 31. The company now anticipates full-year revenue growth at the high end of its guidance of a 15 to 17 percent ...
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ArticleBoot Barn starts Q1 with double-digit sales growth, sees tariff impact in H2
Boot Barn has continued to report double-digit sales growth at the start of its new fiscal year after its top line rose by 16.8 percent to $453.7 million in the fourth quarter ended March 29. Management has cautioned, however, that both sales and profit margins are expected to come under ...
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ArticleFerragamo suffers a decline in Q1 sales
Salvatore Ferragamo’s sales declined slightly in the first quarter of 2025, raising doubts about the Italian fashion house’s ability to effectively relaunch its business. In March, Marco Gobbetti stepped down as Chief Executive Officer and General Manager, three years after joining the company from Burberry. The company booked overall revenues ...
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ArticleYue Yuen’s earnings decline in Q1
In the first quarter of 2025, Yue Yuen’s Ebit fell by 23.7 percent to $110.8 million from $145.1 million a year earlier. Net profit was down nearly 25 percent at $83.5 million, and gross profit slipped by 2.20 percentage points to 22.9 percent from 25.1 percent in the year-ago period. ...
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News briefs
Zehenspiel continues to expand its retail network
The German barefoot shoe retailer Zehenspiel has opened a new store in Erbach, in the state of Hesse, the latest addition to its expanding retail network. Covering 380 square meters, the new store at Stockheimer Ring 23 offers more than 14,000 pairs of shoes, complemented by a data-driven consulting concept ...
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News briefs
Dosenbach expands Swiss presence with new store openings
Dosenbach is stepping up its expansion efforts with the opening of three new stores in Switzerland, further strengthening its nationwide retail network. In April, the Swiss shoe and sporting goods retailer launched new outlets in Crissier, near Lausanne, in the canton of Vaud; Lucerne; and at the Rheinpark shopping center ...
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