All Shoe Intelligence articles in Volume 27, Issue 7+8 – Page 2
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ArticlePeru and Guatemala shoemakers target new markets
Peru and Guatemala are two important Latin American footwear markets for different reasons. Peru, despite an annual production of 62 million pairs, ranks third after Chile and Mexico among the continent’s importing countries. Guatemala, on the other hand, ranks fourth after Brazil, Mexico and Ecuador among the region’s exporters, with ...
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News briefs
Shoe Carnival hikes its dividend
Shoe Carnival increased its quarterly dividend by 11.1 percent to $0.15 per share, bringing the annualized dividend rate to $0.60 per share. The quarterly cash dividend will be paid on April 21 to shareholders of record as of the close of business on April 7. “This marks our 52nd consecutive ...
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Asos’ key shareholders hike their stakes
Bestseller, owned by Danish billionaire Anders Holch Povlsen, increased its stake in Asos to 28.0 percent from 27.1 percent on March 17 through its subsidiary Aktieselskabet, according to bourse filing released by the London Stock Exchange on March 19. Meanwhile, on March 19, Frasers Group hiked its stake in the ...
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ArticleDesigner Brands resumes comparable sales growth in Q4, sees more ahead in FY25
Designer Brands expects to see profitable sales growth in the current fiscal year despite signs of consumer caution, after it returned to comparable sales growth in the fourth quarter ended Feb. 1 for the first time in nine quarters. The company, which owns the DSW chain, The Shoe Company and ...
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News briefs
Snipes appoints a new CMO in the US
Snipes has appointed Kelley Walton as its Chief Marketing Officer (CMO) for the US. In that role, Walton will hold full strategic authority and budget responsibility for all marketing activities at Snipes in the US, overseeing everything from brand positioning to consumer engagement and market growth. She will also ...
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ArticleStella’s operating income rises 15.7% in 2024
Stella International Holdings improved its operating profit margin, shipping volumes, and revenues for the 12 months ended Dec. 31, surpassing the dual targets of its three-year strategic plan. Stella’s annual operating income rose 1.20 percentage points to 11.9 percent, fueled by an expanded and diversified customer portfolio and the relocation ...
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News briefs
Tempe's earnings surge by 44%
In fiscal 2024, Tempe increased its revenues by 7 percent to €1,614 million, while net profits grew by 44 percent to €205 million. Founded in 1989, Tempe is 50 percent owned by Inditex. The remainder of the capital is in the hands of Promociones Azarbe, the holding company of the ...
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News briefs
Pakistan footwear exports up over 15% in 8 months to February
Pakistan’s footwear exports rose by 15.48 percent to $126.4 million between July and February, corresponding to the first eight months of the country’s fiscal year, from $109.5 million a year earlier, according to the Pakistan Bureau of Statistics. Leather footwear exports rose by 14.94 percent to $98.12 million in the ...
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News briefs
Tamaris launches men’s shoe collection
Tamaris, a brand of the German footwear manufacturer and distributor Wortmann Group, has launched its first men’s shoe collection. Under the new sub-brand TMRS Men, the women’s shoe brand is leveraging its brand awareness and expanding into an untapped segment. TMRS Men debuts with the spring/summer 2025 season in selected ...
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ArticleCaleres sees sales continuing to fall in Q1 amid consumer headwinds, retailer caution
Caleres expects sales in the first quarter of fiscal year 2025 to fall by 5-6 percent compared to the year earlier, a result encompassing the “very challenging business” it saw in February and an improvement in the first three weeks of March. Earnings per diluted share for the quarter are ...
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News briefs
Sneakersnstuff is back on track
Reziprok, the new owner of Sneakersnstuff, also referred to as SNS, has appointed Erik Manzano Fagerlind as the new CEO of the Swedish sneaker retailer. Manzano Fagerlind is a co-founder of SNS. On Jan. 20, after 25 years in the retail spotlight, SNS filed for bankruptcy at the Swedish Companies ...
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ArticleShoe Carnival ramps up Shoe Station rebannering plans
Shoe Carnival announced plans to convert some 175 stores to its higher-priced Shoe Station banner in the next 24 months, in an aggressive rebannering strategy that will see Shoe Station grow to represent a majority of its store fleet and is expected to give a significant mid-term boost to both ...
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News briefs
Asos sees H1 revenues in line, adjusted Ebitda ahead of consensus
Asos expects first-half revenue growth to be in line with market consensus and adjusted Ebitda ahead of expectations. The company-compiled consensus for the first half based on nine contributors indicates total sales growth at constant exchange rates of down 13 percent, adjusted Ebitda of £34 million (€41m) and an adjusted ...
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News briefs
French footwear sales down by 1.8% in February
In February, French footwear retail sales fell by a seasonally and working-day adjusted 1.8 percent month-on-month, according to the Bank of France. Overall, French retail sales grew by a seasonally and working-day adjusted 0.5 percent month-on-month, after falling 0.1 percent in January. Food sales rose by 1.4 percent after falling ...
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News briefs
Authentic Brands Group appoints new head for India
Authentic Brands Group (ABG), whose portfolio includes brands like Reebok, Champion, Nautica, Eddie Bauer, Quiksilver, Billabong, Sperry, Hunter and Ted Baker, has appointed Sanjeet Mehta as Executive Vice President, Head of India, signaling its strategic push into one of the world’s fastest-growing consumer markets. Based in Mumbai, Mehta assumed his ...
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News briefs
Santoni opens its largest store in the world in New York
The year of its 50th anniversary, the Italian luxury footwear brand Santoni opened its largest store in the world in the heart of New York. The 350 square-meter store is situated at 667 Madison Avenue and designed by Patricia Urquiola.
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News briefs
Aeffe’s footwear and leather goods sales decline in 2024
In 2024, the revenues of Aeffe’s footwear and leather goods division amounted to €106.2 million, down by 25.3 percent, both at constant and current exchange rates, compared to 2023. The division comprises the luxury footwear brand Pollini. The adjusted Ebitda of the footwear and leather goods division was €7 million ...
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News briefs
Guess receives offer to be taken over by WHP
Guess’ board received a non-binding offer from WHP Global to take the US clothing, footwear and accessories company private for $13 a share in cash. The takeover, carried out through WHP Investments, would not buy the shares of certain existing shareholders, including Paul Marciano, Maurice Marciano and Carlos Alberini, the ...
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News briefs
Ananta Capital invests in the Indian sneaker brand Bacca Bucci
Bacca Bucci, an Indian direct-to-consumer sneaker brand launched in 2013, has raised an undisclosed amount from Mumbai-based Ananta Capital. “This investment from Ananta Capital is not just about funding – it’s about aligning with a partner that understands our vision and has the expertise to help us scale our ambitions ...
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ArticleForever 21’s US operating company files for bankruptcy
Forever 21’s US operating company filed for bankruptcy about five years after exiting its last Chapter 11 proceedings due to fierce competition from other fast-fashion retailers such as Shein and Temu. F21 OpCo, the operator of Forever 21 stores and licensee of the brand in the US, entered into a ...
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