All Shoe Intelligence articles in Volume 27, Issue 13+14 – Page 3
-
ArticleDesigner Brands shifts focus to cutting costs, protecting margin after ‘soft start’ to 2025
Designer Brands said it was withdrawing sales and earnings guidance for the full year and shifting its focus to cutting costs, protecting margins and mitigating the impact of tariffs amid macroeconomic uncertainty, deteriorating consumer sentiment and a “soft start” to its fiscal year. The company, which owns the DSW chain, ...
-
ArticleHow Cortina took advantage of an ‘incredible opportunity’ to shake up its private label business
For Cortina, its private label business has been at the core of the company’s operations since the company was set up in 1950. After decades of expanding its design, sourcing, sales and logistics capabilities, the Belgian footwear designer and distributor recently decided to shake up its private label operations with ...
-
ArticleInditex posts disappointing Q1 sales
In the first quarter ended April 30, Inditex saw its sales grow by 1.5 percent to €8.3 billion. The top line was 4.2 percent higher at constant currencies and up by 5.3 percent adjusted for the calendar effect of the leap year. The group said that its spring/summer collections were ...
-
News briefs
Pension fund sues Skechers regarding acquistion by 3G
A pension fund, the Key West Police Officers & Firefighters Retirement Plan, has filed suit in Los Angeles Federal Court against Skechers, according to Reuters and others. The fund is suspicious of Skechers’ proposed acquisition by 3G. Its filing cites another article by Reuters, which itself cites Tom Nikic, who ...
-
News briefs
Portuguese footwear industry signs new labor contract
The Portuguese footwear association Apiccaps said that it has reached a labor agreement with Fesete, the local trade union covering the textile, clothing, footwear and leather industries, covering 42,000 workers and 1,900 companies in the country. The new contract was approved by 10 of the 11 unions forming Fesete ...
-
ArticleDr. Martens to cut discounts, widen offering as part of new CEO’s turnaround plan
Dr. Martens is cutting discount sales and promoting other products as it forecast a return to profit this financial year under a turnaround plan led by its new boss Ije Nwokorie. The British footwear group said its narrow focus on boots “failed to take full advantage of our strong shoes, ...
-
News briefs
Eurofins expands its Bangalore consumer product testing facilities
Eurofins has expanded its Indian testing laboratory for consumer products, including footwear, in Hongasandra, Bangalore. ”This strategic investment doubles the Bangalore laboratory’s footprint and offers enhanced capabilities, enabling a significant leap in compliance and performance testing tailored to the evolving needs of India’s textile, apparel, footwear, and leather goods markets. ...
-
ArticleGenesco reaffirms earnings guidance after better-than-expected Q1
Genesco reaffirmed its earnings guidance for its full fiscal year, after turning in a better-than-expected top and bottom line performance in the first quarter and putting in place mitigation measures to offset the impact of US import duties. In the three months ended May 3, Genesco’s sales rose by 4 ...
-
News briefs
Prada buys a 10% stake in Rino Mastrotto
Prada Group announced an agreement to buy a 10 percent stake in the Italian leather group Rino Mastrotto, as it seeks to take tighter control over its production. According to the deal terms, the Italian fashion group will confer two tanneries to Rino Mastrotto – Italy’s Conceria Superior and France’s ...
-
News briefs
Shoe Carnival names a manager for new business development
Shoe Carnival rehired Kerry Jackson, its former Chief Financial Officer, to the newly created position of Senior Vice President, New Business Development, effective June 9. Jackson will report directly to the President and Chief Executive Officer, Mark Worden, and “spearhead the company’s merger and acquisition activities, integration of acquired businesses ...
-
News briefs
Bata India's revenues, earnings slip
In the fourth quarter ended on March 31, Bata India’s revenues slipped by 1 percent year-on-year to 7.888 billion rupees (€80.4m) and net profit dropped 28 percent to INR 459 million (€4.7m). The operating profit dropped to INR 374 million (€3.8m) in the fourth quarter from INR 583 million the ...
-
ArticleOofos starts opening physical stores
Oofos, a US brand of recovery footwear, is launching its first brick-and-mortar stores, all located in the US. During May and June, the brand is opening stores at Pentagon City in Arlington, Virgina, the Mall of Georgia in Buford, Georgia, and the Florida Mall in Orlando, Florida, “all high-traffic areas ...
-
News briefs
VF names a new Chief Accounting Officer
VF Corp. appointed Michael Phillips as Vice President, Chief Accounting Officer, succeeding Bryan McNeill, who is retiring after 30 years with the company, according to a regulatory filing. Phillips has served as the VP Enterprise Financial Reporting Controller of the company since September 2022. He joined the US group ...
-
News briefs
Zalando joins Fair Wear
Zalando is now a member of Fair Wear, the multistakeholder initiative founded in 1999 with the mission to improve labor conditions in the garment industry. As part of this membership, Zalando will focus on improving labor standards within its private label production.
-
ArticleKizik names a new CEO
Kizik, a US brand specializing in slip-on shoes, and its parent company, HandsFree Labs, have appointed Gareth Hosford as Chief Executive Officer to lead the group’s expansion. “A proven footwear and fitness industry leader with more than two decades of experience scaling global brands including Nike, Converse, and performance apparel ...
- Previous Page
- Page1
- Page2
- Page3
- Next Page
