All Shoe Intelligence articles in Volume 27, Issue 7+8 – Page 3
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News briefs
Klarna files for IPO in New York
Klarna has applied to list its ordinary shares on the New York Stock Exchange under the symbol “KLAR” through a filing with the US Securities and Exchange Commission. The number of shares to be offered in the initial public offering (IPO) and the price range have not yet been determined, ...
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ArticleHow Gardabags aims to become the largest trade fair for mass-market bags
Expo Riva Schuh & Gardabags, the Italian trade show specializing in footwear, bags and accessories held twice a year in the town of Riva del Garda, has established itself as a leading international event for mass-market footwear. It now wants to become the world’s leading event for low to mid-tier ...
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ArticleLudwig Reiter closes historic company headquarters in Vienna
Ludwig Reiter is closing its former headquarters in Vienna’s historic Dreimäderlhaus. After almost 30 years, the Austrian shoe manufacturer will leave the building at Schreyvogelgasse 10 in the Austrian capital’s city center at the end of the month. Built in the late 18th or early 19th century, the two-story townhouse ...
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ArticleSkechers sees signs of stabilization in China, caution in US
Skechers has seen signs of stabilization in its business in China although it expects there will continue to be near-term headwinds in the market, which it sees representing a significant long-term growth opportunity. “China is performing basically in line with our expectations, which I think, from a positive perspective, would ...
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ArticleGeox sees growth accelerating over the course of five-year industrial plan
Geox expects growth in sales and profits to accelerate over the course of a new five-year industrial plan, as the Italian footwear company moves from an initial phase focused on improving operating efficiency to one characterized by bolstering its presence on key markets and a new push for international expansion. ...
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ArticleAustria loses 13% of its shoe stores as footwear retail crisis deepens
A steady wave of store closures continues to hit the Austrian footwear retail sector as brick-and-mortar sales further drop and the shoe industry gradually shifts toward online retail, with a recovery still not in sight, a survey from the market research company RegioData showed. The sector has been struggling for ...
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News briefs
Birkenstock opens fourth store in London
On March 13, Birkenstock opened its fourth store in London, in the Chelsea district. The new 85-square-meter store is located at Blacklands Terrace on King’s Road. The Chelsea store marks Birkenstock’s sixth retail location in the UK. In Europe, the company operates 37 stores across eight countries and plans further ...
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News briefs
KNS International buys Birdies
KNS International, a US e-commerce and direct-to-consumer footwear company, has acquired Birdies, a contemporary lifestyle and fashion-forward women’s footwear brand. No financial details were released. “I have long admired the Birdies brand and the creative vision that founders Bianca Gates and Marisa Sharkey brought to life,” said Greg Tunney, Chief ...
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ArticleAllbirds banking on new assortments, initiatives to fly high again in late 2025
Allbirds believes new product assortments in the fall will bolster its fortunes and topline starting in the fourth quarter of 2025 after a transitional year in 2024. The San Francisco-based group reduced its fourth-quarter operating loss by 55 percent to a loss of $25.8 million from a loss of $57.6 ...
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ArticleGolden Goose’s sales accelerate in Q4
In 2024, Golden Goose’s net revenues rose by 13 percent at constant exchange rates to €654.6 million. In the sole fourth quarter, the top line was up by 14 percent to €188.6 million. Full-year direct-to-consumer (DTC) net revenues reached €503.6 million, accounting for 77 percent of total turnover and growing ...
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ArticleAzzas 2154’s footwear sales growth accelerates as DTC shines and franchise sales recover
The footwear and accessories business of the Brazilian footwear and apparel group Azzas 2154 reported gross revenues of 1,332.7 million reais (€210.0m) in the fourth quarter of 2024, up by 4.5 percent compared to the year earlier and accelerating from the 3.2 percent growth seen in the previous quarter, as ...
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ArticleBoohoo to rebrand as Debenhams in bid to arrest sales slump
Boohoo is rebranding as Debenhams Group as part of new Chief Executive Dan Finley’s plans to turn around the fortunes of the British online fast fashion amid an ongoing tough trading environment. Boohoo said Debenhams, which it bought out of administration after its collapse in 2021, was now growing rapidly ...
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ArticleInditex’s sales slow down in the opening weeks of fiscal 2025
Inditex’s sales in the full year ending Feb.1 grew by 7.5 percent to reach €38.6 billion, thanks to “very satisfactory development both in stores and online.” Sales in constant currency grew by 10.5 percent. But, sales growth slowed down in the opening weeks of the new fiscal year. In fiscal ...
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ArticleYue Yuen reports improved FY results on manufacturing rebound
Yue Yuen posted a 47 percent increase in 2024 Ebit to $572.1 million versus $390.2 million in 2023. Net profit attributable to owners of the Chinese group rose by 43 percent to $392.4 million from $274.7 million. Annual operating costs contracted by 4.9 percent or $75.1 million. Annual revenues grew ...
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News briefs
Gerli co-founder Bruno Heim dies at 84
Bruno Heim, the co-founder of the German footwear company Schuh-Import und Export Gerli, died at 84 in his hometown of Münchweiler, in the Rhineland-Palatinate region of Germany. The entrepreneur founded the company in 1973 with Gösta Andersson, picking a name derived from the first names of their wives, Gertrud Heim ...
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News briefs
Wortmann invests €20m in an automated warehouse
The German footwear manufacturer and distributor Wortmann Group is expanding its logistics hub in Detmold with a fully automated warehouse with a shuttle system. With an investment of around €20 million, Wortmann aims to boost delivery efficiency and expand its capacity in the European market, allowing it to handle ...
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ArticleGenesco sees steady sales as store closures, remodels continue to be a focus
Genesco expects sales in fiscal year 2026 to be flat to up 1 percent compared to the $2,325 million it reported in fiscal year 2025, as it continues with plans to close underperforming stores and remodel a sizeable portion of its fleet of Journeys stores amid that banner’s accelerating turnaround. ...
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ArticleTecnica Group’s FY sales slip, Lowa outperforms
Tecnica Group, an Italian manufacturer of outdoor footwear and winter sports equipment, reported full-year revenues of €517 million, reflecting a 4 percent year-over-year decline, but saw a recovery in the fourth quarter. Adjusted Ebitda stood at €79 million, down 13.5 percent from 2023, while net profit remained steady at €25.2 ...
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News briefs
Garmont and Naglev enter a strategic collaboration
Italian outdoor footwear brand Garmont has announced a new collaboration with Naglev, a company renowned for blending technical innovation with sustainable craftsmanship. This strategic partnership aims to expand Garmont’s portfolio with a new line of high-performance footwear designed for outdoor enthusiasts. Naglev was founded in 2015 by Achille Morlin, who ...
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ArticleHow a dropshipper enables foreign footwear companies to enter the US market
“The US is a big retail machine that will continue expanding thanks to population growth. It’s possible for a fresh brand from Europe to enter the US,” explains Joseph (Joe) Trybulec, the owner of Trybulec Enterprises, which enables brands to work with leading e-commerce platforms in the US. “The US ...
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