All Shoe Intelligence articles in Volume 27, Issue 5+6
View all stories from this issue.
-
PDF NewsletterShoe Intelligence Executive Edition: Vol. 27 - 5+6
Italian footwear manufacturers’ revenues drop by 9.4% in 2024 | Portuguese footwear exports rise in volume, fall in value | Micam’s attendance remains above 40,000 | OutDoor 2025 trade show paused | Moreschi receives offers to take over its assets | Görtz announces layoffs as its insolvency crisis deepens | German court rejects Birkenstock attempt to obtain copyright protection for its sandals | Birkenstock’s Q1 sales come in below expectations | Emerging designer: Moroccan babouches get a Milan fashion twist | Extra US tariffs on Chinese imports create ‘really challenging environment’ - FDRA | Skechers sees solid growth despite China challenges, forex headwinds | Caleres buys Stuart Weitzman for $105m | Steve Madden buys Kurt Geiger for £289m | Steve Madden sees double-digit sales growth from Kurt Geiger acquisition amid ‘meaningful headwinds’ | Stuart Weitzman’s sales hit by softness in direct sales in Greater China and North America | Jimmy Choo’s sales decline in Q3 and are expected to fall next year | First phase of Wolverine’s turnaround is complete | Crocs looks to international business to drive sales growth in 2025 and beyond | Rocky Brands cautiously optimistic after better-than-expected Q4 | Archive raises $30m in Series B funding | C-Suite interview: Zhejiang Huanqiu seeks European distributors and an outdoor brand | Alpargatas books more inventory write-offs | Grendene’s Q4 sales rise 13% as exports grow
-
News briefs
Clergerie seeks a new buyer after going into receivership again
On March 5, a hearing scheduled by the commercial court of Romans-sur-Isère, France, is expected to determine whether there are buyers for Clergerie. On Dec. 4, 2024, the group’s manufacturing subsidiary, S.S.B, and commercial unit, J.H.J, were placed into receivership after the group’s owner, the California-based footwear company Titan ...
-
ArticlePrada’s full-year sales rise 15%
In 2024, Prada Group’s net revenues rose by 15 percent year-on-year to €5,432 million. At constant exchange rates, top-line revenue grew by 17 percent, driven by a near doubling in Miu Miu’s sales. Retail sales were also up by 16 percent at actual exchange rates and by 18 percent at ...
-
News briefs
Vibram launches Megagrip Elite
Vibram has unveiled Megagrip Elite, the latest addition to its high-performance Megagrip outsole collection, engineered for maximum traction on steep, rugged terrain. “Competitive trail athletes require the ultimate grip,” said Fabrizio Gamberini, Vibram’s Global Chief Brand Officer and President. “This advancement reinforces our commitment to world-class performance and innovation in ...
-
News briefs
Skechers opens stores in Milan and Stockholm
Skechers has opened its doors on one of Milan’s most famed shopping boulevards: Corso Buenos Aires. The US brand has three additional stores in the Italian city. Located on a boulevard that receives Milan’s second-highest footfall at 6,900 shoppers per hour, the 294-square-meter store at Corso Buenos Aires 42/9 is ...
-
ArticleGrendene’s Q4 sales rise 13% as exports grow
Grendene reported gross revenues in the fourth quarter of 2024 of 1,043.5 million reias (€170.9m), up by 12.9 percent compared to the year earlier and led by a surge in sales on foreign markets despite a host of challenges including global economic and political uncertainty, shipment delays, growing signs of ...
-
News briefs
Prada reportedly nearing deal to buy Versace for about €1.5bn
Prada Group is nearing a deal to buy Versace from Capri Holdings for about €1.5 billion, the Financial Times reported, citing unnamed sources. Prada and Capri are getting closer to a deal that could be concluded within weeks, according to the UK daily, which noted that the pricing and timing ...
-
ArticleExtra US tariffs on Chinese imports create ‘really challenging environment’ - FDRA
The announcement by the US President, Donald Trump, of the introduction of an additional 10 percent tariff on Chinese imports from March 4 would create a “really challenging environment” for US importers fo Chinese footwear, according to Matt Priest, the President and CEO of the trade association Footwear Distributors and ...
-
ArticleMoreschi receives offers to take over its assets
Moreschi, an Italian producer of upscale shoes that was put into liquidation in July 2024, has received several offers for its assets. “We had already received several expressions of interest, the last of which took the form of an offer to acquire the Moreschi and Stemar brands, the 18,000-meter factory ...
-
News briefs
Alohas opens a store in Milan
The Spanish footwear and clothing brand Alohas has opened a store in Milan, its first in Italy and second abroad after the opening of a store in Paris. The brand has stores in Barcelona and Madrid and announced plans to open “many more” stores worldwide.
-
News briefs
ANWR Group unveils O1 Brand Cube
A decade after launching its O1 Order Center in Mainhausen, the German retail cooperative ANWR Group has unveiled its newest expansion, the O1 Brand Cube, in a move that is intended, according to a statement, to enhance the ANWR campus’s role as a magnet for European retailers and manufacturers. Mainhausen ...
-
News briefs
Orva hires a Chief Strategy Officer
Orva, a US e-commerce accelerator serving the footwear, apparel and broader consumer goods industries, appointed Solomon Hedaya as Chief Strategy Officer and Executive Vice President. ”In this role, Mr. Hedaya will lead Orva’s growth initiatives and strategic planning, overseeing mergers and acquisitions, business development, category expansion, and the cultivation ...
-
ArticleSteve Madden sees double-digit sales growth from Kurt Geiger acquisition amid ‘meaningful headwinds’
Steve Madden anticipates that sales will increase this year by 17-19 percent, as its top line is boosted by the recently announced acquisition of Kurt Geiger. Excluding the British company, for which Steve Madden anticipates deal closing on May 1, sales are seen rising by a low-single-digit percentage. “We are ...
-
News briefs
Oofos names industry veteran Angel Martinez to its board
Oofos, a US brand of recovery footwear, said that it has appointed Angel Martinez to its board of directors. Martinez is the former Executive Vice President and Chief Marketing Officer of the Reebok portfolio of brands. As one of the Reebok Corporation’s founding employees, he was named President and ...
-
News briefs
Giuseppe Zanotti takes full control of his brand
Giuseppe Zanotti has bought back a 30 percent stake in his namesake brand from the investment fund L Catterton. The fund bought the stake in 2014, when it was called L Capital Management. No financial details were released. In statement, Giuseppe Zanotti thanked L Catterton for its support and collaboration ...
-
News briefs
German consumer confidence declines
In March, the German consumer climate is expected to fall by 2.1 points to -24.7 points compared to the previous month, according to a preliminary estimate by the GfK Consumer Climate powered by NIM, which is published jointly by GfK and the Nuremberg Institute for Market Decisions (NIM). The February ...
-
ArticleRocky Brands cautiously optimistic after better-than-expected Q4
Rocky Brands is cautiously optimistic about the prospects for 2025 after posting better-than-expected sales in the fourth quarter of 2024 and seeing continued momentum at the start of 2025. Sales in the fourth quarter ended Dec. 31 increased by 1.7 percent to $128.1 million versus the year earlier, with growth ...
-
ArticleMicam’s attendance remains above 40,000
The trade shows Micam Milano, Milano Fashion&Jewels, Mipel and The One Milano attracted 40,449 visitors, 55 percent of whom came from Italy and the remaining 45 percent from 127 countries, including Japan, China, France, Spain, Germany, Greece and Turkey. The attendance was roughly in line with the previous edition. In ...
-
ArticleItalian footwear manufacturers’ revenues drop by 9.4% in 2024
In 2024, revenues of Italian manufacturers totaled €13.2 billion, down by 9.4 percent compared to the year earlier, according to a survey carried out in January by Confindustria Accessori Moda among members of the Italian footwear association Assocalzaturifici. The decline is in line with a previous estimate released in January. ...
-
News briefs
Dassault Systèmes takes over Contentserv
Centric Software, a subsidiary of the French information technology group Dassault Systèmes has signed an agreement to acquire Contentserv, a provider of product information management and product experience management solutions, for an enterprise value of €220 million. Centric Software provides enterprise solutions to plan, design, develop, source, price and sell ...
