All Shoe Intelligence articles in Volume 27, Issue 11+12 – Page 4
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ArticleStuart Weitzman posts a sharp fall in sales ahead of its takeover by Caleres
In the fiscal third quarter ended March 29, Stuart Weitzman posted revenues of $46.2 million, down by 18 percent on a reported basis and down by 17 percent at constant currency rates. In the first nine months of the brand’s fiscal year, revenues were down by 11 percent both at ...
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News briefs
HDE files antitrust complaint against Temu
HDE, the German retail association, has filed a complaint with the country’s Federal Cartel Office (Bundeskartellamt) against the Chinese online marketplace Temu alleging anti-competitive practices. According to the complaint, Temu deprives retailers of control over their prices and, in numerous cases, allegedly violates European and German market regulations. “Temu not ...
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ArticleCrocs withdraws guidance on macroeconomic uncertainty
Crocs said it was withdrawing its guidance for the full year amid macroeconomic uncertainties tied to global trade policies, despite its better-than-expected sales performance in the first quarter of the year. “We are incredibly proud of our better-than-expected first quarter performance despite what has been an increasingly volatile macroeconomic backdrop ...
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News briefs
Boot Barn confirms John Hazen as CEO
On May 5, Boot Barn’s board appointed John Hazen as Chief Executive Officer. Hazen had been serving as interim CEO since November. He replaced Jim Conroy, who stepped down on Nov. 22 after leading Boot Barn for 12 years to take on the CEO job at Ross Stores. “After ...
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News briefs
Keen to keep prices stable in 2025
Keen announced on May 6 that it will not implement any tariff-related price increases for the remainder of 2025. The Portland-based outdoor footwear brand said the decision reflects its commitment to supporting its retail partners and consumers during a period of global uncertainty. “Keen will not implement any tariff-related price ...
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ArticleUS footwear brands call for tariff exemption
The Footwear Distributors and Retailers of America (FDRA) has addressed an open letter to the US President, Donald Trump, asking the removal of reciprocal tariffs for footwear. The letter was signed by 76 brands, including the sneaker giants Nike, Adidas, Puma and Skechers. The letter dated April 29 started by ...
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News briefs
Nike reorganizes its senior management
Nike announced a series of strategic changes to its senior leadership team to accelerate its Win Now action plan to position the US sportswear company for future growth. Elliott Hill, group President and CEO, and Heidi O’Neill, President of Consumer, Product, and Brand, have decided that the Consumer, Product, and ...
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News briefs
Former Gucci CEO invests in Be Sneakers
Patrizio Di Marco, the former CEO of the Italian luxury fashion brands Gucci and Bottega Veneta, has acquired a minority stake in Be Sneakers. The financial details of the transaction have not been disclosed. Di Marco has also joined the Be Sneakers board. Be Sneakers is an Italian sneaker manufacturer ...
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News briefs
Vulcabras' earnings and revenues rise in Q1
Vulcabras reported a 19.5 percent increase in first-quarter net income to 106.1 million Brazilian reais (€16.5m) but the Ebitda margin contracted by 0.50 percentage points to 20.0 percent for the period ended March 31. Gross margin was flat at 40.2 percent. Shipped pairs increased by 5.6 percent to 7.1 million. ...
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