All Shoe Intelligence articles in Volume 27, Issue 15+16
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PDF NewsletterShoe Intelligence Executive Edition: Vol. 27 - 15+16
China is expected to see a significant decline in its exports as a result of the trade war | Portuguese shoemakers see US tariffs as an opportunity | German shoe sales drop to €9.5bn in 2024 | UK and India sign a free trade agreement | Assocalzaturifici celebrates 80 years and repositions Micam | Geox changes CEO | Geox’s H1 sales dip 5% but profitability improves on cost-cutting measures | Dr. Martens trading in line with expectations | Coats buys OrthoLite | Bos Group obtains the footwear license for PME Legend | C-Suite interview: Blusun enters second year looking to ramp up sales, expand outside of Europe | Schuh Graf files for bankruptcy | Onygo files for insolvency after failed rescue attempt | Leder & Schuh reports moderate sales growth | Ferragamo’s sales dragged down by the wholesale channel | Prada’s H1 sales come in below expectations | Steve Madden’s Q2 results hit by US tariffs | VF aims for accelerated sales growth at The North Face, Timberland | Rocky Brands lifts its full-year guidance | Deckers’ Q1 sales jump 17% as international business outperforms, tariff costs grow | Boot Barn lifts full-year guidance on stronger-than-expected Q1 | Allbirds signs up 3 new distributors | Stella’s Q2 revenues rise by 2.9% | Piccadilly aims to double exports by 2028
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News briefs
HDS/L celebrates 75th anniversary and elects a new board
The German footwear and leather goods trade association HDS/L hits the three-quarter century mark and prepares for the future with an overhaul of its board of directors. HDS/L, which currently has 131 members, celebrated its 75th anniversary at BASF’s Gesellschaftshaus in Ludwigshafen. The association has been at the ...
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News briefs
Schuhplus to cease operations at year end
The German plus-size shoe retailer Schuhplus will cease operations at the end of the year, after 14 years in business. The company has announced the closure of its locations in Dörverden and Saterland, both in Germany’s Lower Saxony region. Eleven employees will be affected. The owners, Kay Zimmer ...
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News briefs
Ricosta launches the barefoot brand Qnuffs
The German children’s footwear manufacturer Ricosta is expanding its brand portfolio with the launch of a new barefoot shoe brand for children, Qnuffs. The new brand is Ricosta’s response to the growing demand for child-friendly barefoot shoes, according to the company. Qnuffs footwear combines features typical of barefoot ...
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News briefs
Caleres completes the acquisition of Stuart Weitzman
On Aug. 4, Caleres completed the acquisition of Stuart Weitzman from Tapestry for $120.2 million, which included $11.5 million in cash received at the closing. Excluding cash received at the closing, the net purchase price was $108.7 million. The price is subject to final adjustments for net working capital. The ...
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ArticleBoot Barn lifts full-year guidance on stronger-than-expected Q1
In the fiscal first quarter ended June 28, Boot Barn posted net sales up by 19.1 percent to $504.1 million from $423.4 million a year earlier. Same-store sales rose by 9.4 percent, with comparable sales from physical shops up by 9.5 percent and like-for-like e-commerce revenues up by 9.3 percent. ...
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News briefs
Aeffe’s footwear and leather goods business at breakeven in H1
In the first half of 2025, the revenues of Aeffe’s footwear and leather goods division amounted to €45.9million, down by 18.7 percent, both at constant and current exchange rates compared with the previous year. The division comprises the luxury footwear brand Pollini. The Ebitda of the footwear and leather goods ...
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ArticlePortuguese shoemakers see US tariffs as an opportunity
The Portuguese footwear association Apiccaps said the US import duties announced by the US President, Donald Trump, “could be an opportunity for Portugal.” It noted that the round of tariffs released on July 31 by the US administration, and due to come into effect on Aug. 7 unless bilateral trade ...
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ArticleFerragamo’s sales dragged down by the wholesale channel
Salvatore Ferragamo’s total revenues declined by a reported 9.4 percent year-over-year, and by 7.1 percent at constant exchange rates, in the first half of 2025 to €474 million, with wholesale revenues declining by double-digit rates due to a challenging business environment. The decrease in sales of the Italian fashion group ...
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News briefs
Asos names a new Chair
Asos has appointed board member and former CFO of Amazon Fashion, Natasja Laheij, as its Chair after Jørgen Lindemann said he would be stepping down from the post after three years. Lindemann, who also serves as the CEO of the entertainment provider Viaplay Group, is to leave the company following ...
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News briefs
Armani fined for unfair commercial practices
Italy’s antitrust authority has fined Giorgio Armani and G.A. Operations 3.5 million euros for unfair commercial practices, charging that the two Italian companies had made misleading statements on their ethical and social responsibility commitments that were contradicted by the actual working conditions at the suppliers and subcontractors that produced most ...
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ArticleNext lifts guidance again as UK summer, M&S hack boosts sales
Next has once again lifted its guidance after a warmer summer and a cyber hack at its rival Marks & Spencer boosted sales. Full-price sales in the 13 weeks to July 26 rose by 10.5 percent compared with the same period last year, £49 million (€56.6m) ahead of the British ...
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ArticleVF aims for accelerated sales growth at The North Face, Timberland
VF Corp., the parent of Vans, The North Face, Timberland and other brands, reported a narrower-than-forecast loss and total first-quarter sales that exceeded projections. Total group revenues were down 2 percent on a constant currency basis to $1.76 billion as the operating loss came in at $86.6 million against a ...
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News briefs
Trump sets tariffs for nearly 70 countries
The US President, Donald Trump, signed an executive order announcing sharp new tariffs on nearly 70 countries and the European Union, with most measures set to go into effect on Aug. 7 rather than Aug. 1, to allow US customs and border agencies implementation time. Tariff rates range from ...
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News briefs
Shoes dominate The Lyst Index in Q2
Six of the 10 hottest products in the second quarter of 2025 were shoes, according to The Lyst Index. The Row’s Dune sandals topped the ranking, followed by Skims’ Tank Top vest and Adidas’ Adicolor Classics Sprinter Shorts. Miu Miu’s suede loafer ranked 4th, followed by Vibram’s V-Soul flats and ...
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News briefs
US ends de minimis exception
The US President. Donald Trump. signed an executive order to end the de minimis exception altogether – not just for China and Hong Kong. Commercial goods valued at $800 or less and shipped to the US by means other than international post are thus no longer exempt from tariffs or ...
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ArticleSteve Madden’s Q2 results hit by US tariffs
Steve Madden swung to a loss in the second quarter of 2025 as its results were affected by the introduction of import tariffs by the US President, Donald Trump. “As anticipated, the second quarter was challenging, driven largely by the impact of new tariffs on goods imported into the United ...
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ArticleGeox's H1 sales dip 5% but profitability improves on cost-cutting measures
Geox generated sales of €305.3 million in the first half of 2025, down by 4.7 percent compared to the year earlier and 4.9 percent lower at constant currency rates, as the top line was affected by weaker consumer demand and the recent closure of the Italian company’s US and China ...
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News briefs
Hermès’ sales continue to grow but the operating margin slips
Hermès generated sales of €3,905 million in the second quarter of 2025, up by 15.6 percent on a reported basis and 9.0 percent at constant exchange rates. In the first half of the year, revenues amounted to €8,034 million, up by 7.1 percent on a reported basis and 8.1 percent ...
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News briefs
Temasek buys a 10% stake in Ermenegildo Zegna
Temasek, a Singapore-headquartered investment company, has increased its stake in Ermenegildo Zegna to 10 percent. The Italian fashion house has sold 14.1 million treasury shares to Temasek at $8.95 each. Thanks to the deal, Ermenegildo Zegna receives $126.4 million in cash. The funds will reinforce its balance sheet “at a ...
