All Shoe Intelligence articles in Volume 27, Issue 9+10 – Page 2
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News briefs
Indian leather goods and footwear exports up 25% in 2024/2025
India’s exports of leather products and non-leather footwear increased by about 25 percent in the fiscal year ended March 31, 2025 to $5.7 billion, according to the Council for Leather Exports. Exports exceeded by $1 billion the target set up by the Indian Ministry of Commerce and Industry ”and going ...
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News briefs
Zegna's Q1 revenues slip nearly 1%
Ermenegildo Zegna posted revenues of €458.8 million for the first quarter of 2025, down by a reported 0.9% year-on-year and 1.2 percent organically. ”We are encouraged by these early positive results but also mindful of the recent geopolitical and economic uncertainties. And while we have not observed significant changes ...
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ArticleSkechers pulls FY guidance amid trade uncertainty after ‘exceptional’ Q1
Skechers withdrew its sales and earnings guidance for the full year amid heightened macroeconomic uncertainty and signs of weakening US consumer sentiment due to global trade policy developments. “As we began 2025, we communicated our belief reflected in our annual guidance that this would be another year of growth on ...
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News briefs
French footwear sales up by 3.9% in March
In March, French footwear retail sales rose by a seasonally and working-day adjusted 3.9 percent month-on-month after falling 1.8 percent in February, according to the Bank of France. Overall, retail sales in France dipped a seasonally and working-day adjusted 0.1 percent from February, when they rose by 0.6 percent. ...
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ArticleUS Treasury Secretary sees de-escalation in trade war with China
During a private summit with investors hosted by JPMorgan Chase held in Washington, the US Treasury Secretary Scott Bessent said he expects “there will be a de-escalation” in the trade war with China in the “very near future,” CNBC reported citing a person attending the meeting. “No one thinks the ...
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ArticleArc’teryx sets up a footwear business unit
Arc’teryx Equipment has announced the creation of a standalone footwear business unit to accelerate its presence in the high-performance mountain footwear category. The move comes on the heels of a strong Spring 2025 product launch, including the Norvan LD 4 and Vertex Speed trail models, and signals the brand’s deepened ...
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News briefs
Hoka opens its first store in Vietnam
Hoka has opened its first store in Vietnam. Located in the center of Ho Chi Minh City, the store is operated in partnership with the footwear brand’s distributor Central Brand & Specialty Group (CBS) and offers a full range of products, from road and trail running to street-ready styles. “We ...
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ArticleGyrus Capital takes over ACBC
Gyrus Capital, a Geneva-based investment firm is buying a majority stake in ACBC, an Italian firm specializing in product innovation and sustainable, circular solutions for the fashion and lifestyle industries. Following the acquisition, which is expected to close in the second quarter of 2025, Gyrus Capital will be partnering with ...
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News briefs
Chinese exports to US face up to 245% tariff
Chinese goods exported to the US face an up to 245 percent tariff as a result of the Asian country’s ”retaliatory actions,” according to a fact sheet released by the US administration. The levy includes a 125 percent reciprocal tariff, a 20 percent tariff to address the fentanyl crisis, ...
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News briefs
BasicNet appoints 2 new CEOs
BasicNet, the Italian parent company of K-Way, Kappa, Robe di Kappa, Superga and Sebago, has appointed Lorenzo Boglione and Alessandro Boglione as co-Chief Executive Officers, replacing Federico Trono. The new CEOs are the sons of BasicNet’s founder, Marco Boglione, who is also the company’s chairman. Following the shareholder meeting ...
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News briefs
Shein and Temu to hike US prices
The Chinese fast fashion giants Shein and Temu have warned US shoppers of upcoming price hikes starting April 25 due to steep new tariffs imposed by the administration of US President Donald Trump. The administration’s decision to remove the “de minimis” duty-free threshold and to introduce levies reaching up ...
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ArticleHermès plans to hike prices in the US due to tariffs
Hermès plans to increase prices in the US to fully compensate for the 10 percent tariff on most imported introduced by the administration of US President Donald Trump. The price increase will become effective from May 1 on all of Hermès’ product categories, said Eric Halgouët, the Chief Financial Officer ...
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ArticleC-Suite interview: Rohde expects to continue growing in 2025
After increasing revenues by 4.5 percent in 2024 to €24.2 million, Rohde expects to continue growing this year as it expands its fledgling US and online businesses. “In 2025, we should go up by another 10-11 percent to €27 million in turnover,’ says the Chief Executive Officer, Renato Lo Presti, ...
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News briefs
Deutsche Umwelthilfe sues Deichmann for alleged greenwashing
The German environmental and consumer protection association Deutsche Umwelthilfe (DUH) has filed an injunction against the German shoe retailer Deichmann, along with other companies, for allegedly misleading advertising regarding environmental benefits. The lawsuit is part of a broader campaign by Deutsche Umwelthilfe against greenwashing. Deichmann is accused of describing the ...
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News briefs
LVMH’s sales slip in Q1
LVMH’s fashion and leather goods division posted revenues of €10.108 billion in the first quarter of 2025, down by a reported 4 percent year-over-year and down by 5 percent organically. Sales for the whole French luxury-goods conglomerate were down by a reported 2 percent to €20.311 billion. Organic sales ...
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News briefs
Deichmann’s Chief Marketing Officer Sabine Zantis leaves
Deichmann’s Chief Marketing Officer Sabine Zantis has left the German footwear retailer. The marketing expert had been with the Essen-based family business since June 2021, playing a key role in shaping the brand’s image. She previously worked in the household goods and food industry, including at Aldi Nord and Henkel. ...
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News briefs
Castañer’s sales slow down in 2024
Castañer posted a 2.6 percent increase in revenues to €30.8 million in 2024, a slowdown from the 25.3 percent jump posted in 2023. The Spanish footwear manufacturer noted that online sales grew by 14.2 percent year-over-year in 2024.
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ArticleAstorMueller sets up a joint venture in India
AstorMueller has set up a joint venture in India called Nuvora as the Swiss footwear group aims to make the fast-growing Asian country one of its main markets. AstorMueller is the exclusive worldwide license holder for Bugatti and Daniel Hechter shoes. In August 2023, it acquired the trademark rights to ...
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News briefs
UK footfall declines on Easter timing
In March, footfall in British stores dropped by 5.4 percent year-over-year, reflecting a different timing for Easter, which falls on April 20 in 2025 compared with end of March last year, according to the latest survey released by the British Retail Confederation and Sensormartic. In February, the footfall rose by ...
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ArticleAldo in license agreement with G.H.Bass
Aldo Product Services (APS), a division of the Canadian footwear group Aldo, has entered an exclusive seven-year licensing agreement with G-III Apparel Group regarding the G.H.Bass brand. Under this agreement, APS will design, manufacture, distribute, market and sell G.H.Bass footwear, bags, and small leather goods. The Canadian group will have ...
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