All Shoe Intelligence articles in Volume 27, Issue 23+24 – Page 2
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News briefs
French footwear sales rebound in October
In October, French footwear retail sales rose by a seasonally and working-day adjusted 2.2 percent month-on-month, rebounding from a 2.4 percent decline in September, according to the Bank of France. Overall retail sales in France rose a seasonally and work-day adjusted 0.3 percent from September, when there was a slight ...
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ArticleDr. Martens to hike US prices as impact of tariffs revealed
Dr. Martens said it would take a multi-million pound hit from US tariffs, forcing it to raise prices in the American market. The British footwear company said it expected tariffs to be in the high single-digit range but would be offsetting roughly half of this through price hikes. It had ...
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News briefs
Haglöfs appoints a new CEO
The Swedish outdoor specialist Haglöfs has made further changes to its leadership team, appointing a new Chief Executive Officer shortly after reorganizing its sales structure in Southern Germany and Austria. Andreas Lorenz, previously Chief Commercial Officer, has been named CEO, succeeding Martin Daniels, who had taken up the role ...
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ArticleWormland files for insolvency again
Just over a year after emerging from bankruptcy, the German men’s fashion retailer Wormland has once again filed for insolvency with the Osnabrück District Court. Despite the filing, business operations will continue while the company seeks new investors, said the provisional insolvency administrator, Stephan Michels. All nine stores – ...
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News briefs
OrthoLite opens a manufacturing site in North Vietnam
OrthoLite, the US-based supplier of sustainable open-cell foam insoles, announced the opening of a new manufacturing facility in North Vietnam. Located in the Ninh Binh Province, the site marks a key milestone in the company’s strategy to localize production and enhance service for regional and global footwear brands. The OrthoLite ...
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ArticleShoe Carnival sees Q4 sales down 3%, looks ahead to ‘inflection year’ as rebranding progresses
Shoe Carnival said it expects to post sales in the fourth quarter of fiscal year 2025 of $240-270 million, at its midpoint down by 3 percent compared to the year earlier and in line with its third quarter performance. The footwear retailer said that its sales guidance, with sales seen ...
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News briefs
H&M launches a SEK 1bn share buyback
H&M Hennes & Mauritz’s board has decided to launch a SEK 1 billion (€91m) share buyback. “The purpose of the buybacks is to distribute surplus liquidity and thereby adjust H&M’s capital structure by reducing its capital. Accordingly, the board of directors intends to propose to the 2026 annual general meeting ...
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News briefs
Piquadro’s revenues rise slightly
Piquadro generated revenues of €88.4 million in the first half ended Sept. 30, up by 0.7 percent compared to the year earlier. The Italian leather goods group reported that Ebitda in the six-month period rose by 8.2 percent to €16 million and adjusted Ebitda grew by 1.3 percent to €9 ...
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News briefs
German economic output could increase ‘slightly’ in Q4
German economic output could “go back up slightly again” in the fourth quarter of 2025 after preliminary data indicated that gross domestic product was unchanged in the third quarter after slipping by 0.2 percent in the second, according to the monthly report from the country’s central bank, the Bundesbank. “Owing ...
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News briefs
Instagram, Facebook to ban Australians under the age of 16 from Dec. 4
Meta announced that it will start banning from Dec. 4 Australian users under the age of 16 accessing Instagram, Facebook and Threads to comply with the country’s new social media rules. The US group started notifying the users concerned “to give them the opportunity to save their contacts and ...
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News briefs
JD Sports issues a profit warning
JD Sports Fashion warned that it expects profit before tax and adjusting items to be at the lower end of market expectations of £871 million (€988m), within a range of £853-888 million (€967-1,007m). The company noted that “recent indicators have shown incrementally weaker macroeconomic and consumer external data points in ...
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News briefs
GermanFashion elects a new president
The trade association GermanFashion has appointed a new president following the biennial election of its board of directors at this year’s general meeting. After 14 years in the role, Gerd Oliver Seidensticker, of Seidensticker Group, has handed the presidency to Justus Lebek, of Lebek International Fashion, who was elected with ...
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ArticleWortmann plans management changes for Tamaris over next two years
The German footwear manufacturer and distributor Wortmann Group is preparing for the renewal of its leadership team for its key Wortmann KG unit, which manages the Tamaris brand, over the next couple of years, built on internal succession and long-standing company experience. ”Over the past decades, Horst Wortmann, the ...
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News briefs
Clarks expands its digital reach
Clarks has made its products available on the online marketplaces of Shein and Secret Sales in the UK, as the British footwear brand expands its digital presence globally. The brand will be available on Secret Sales Netherlands and Dress for Less by the end of the year. In the US, ...
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ArticleASF 4.0 launches its Portuguese 'megafactory' after raising fresh cash
Advanced Shoe Factory 4.0 (ASF 4.0), a unit of the French textile producer Chamatex Group, said that it is proceeding with the launch of a “megafactory” in Portugal with the goal of producing 1.5 million pairs of sports shoes annually from 2030. The project is part of ASF 4.0’s ambition ...
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News briefs
ThredUp appoints Kelly Bodnar Battles to board
The US-based online resale platform ThredUp announced that Kelly Bodnar Battles will join its board of directors, effective Dec. 1 and serve as Chair of the Audit Committee. The move supports the company’s financial oversight as it expands and evolves into an AI-first resale platform. “Kelly’s experience in financial ...
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News briefs
US to cut Swiss trade tariffs to 15%
The United States and Switzerland reached trade agreement under which the US will cut import tariffs on Swiss products to 15 percent from 39 percent, while Switzerland will remove a range of tariffs across agriculture and industrial sectors and Swiss companies pledged to invest $200 billion in the US ...
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ArticleCrocs names a new head for Heydude
Crocs has promoted Rupert Campbell to Executive Vice President and President of the Heydude brand, effective Nov. 17. He joins the executive leadership team and reports directly to Andrew Rees, the Chief Executive Officer of the US footwear group. Campbell joined the Crocs group in March 2025 as Senior Vice ...
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News briefs
Eurozone faces subdued growth in the coming years
The eurozone’s real domestic gross product (GDP) is expected to rise by 1.3 percent this year, 1.2 percent in 2026 and 1.4 percent in 2027, according to the European Commission’s autumn forecasts. In its previous forecasts in May, the European Commission expected 0.9 percent growth this year and 1.4 ...
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News briefs
Vivobarefoot's FY revenues up 5%
UK-based footwear brand Vivobarefoot reported a 5 percent increase in revenue to £91.4 million for the 2024/25 financial year, driven by a 12 percent rise in units sold to 1.2 million pairs. The company published its annual impact report titled Unfinished Business, highlighting both achievements and operational setbacks. More in ...
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