All Shoe Intelligence articles in Volume 27, Issue 9+10 – Page 3
-
ArticleBrazilian shoemakers have mixed feelings about US tariffs
Brazilian shoemakers have mixed feelings about the impact of newly introduced US trade tariffs as they are seen as both an opportunity and a threat to the South American country. Brazil was included in the first batch of countries whose products only faced the 10 percent baseline tariff applied on ...
-
News briefs
China hikes tariffs on US goods to 125%
China has raised tariffs of goods imported from the US to 125 percent from a previous 84 percent, according to a statement from the State Council Tariff Commission released on the website of the Ministry of Finance. “The US’s imposition of abnormally high tariffs on China seriously violates international economic ...
-
ArticlePrada buys Versace from Capri
Capri Holdings Limited has entered into a definitive agreement to sell Versace to Prada SpA for $1.375 billion (€1.25bn) on a debt and cash free basis. The transaction is expected to close in the second half of 2025. “Versace is an iconic Italian fashion luxury house founded 46 years ago ...
-
ArticleUS postpones reciprocal tariffs for 90 days except for China
On April 9, the US administration postponed for 90 days the application of so-called reciprocal tariffs to a string of countries. However, the waiver does not concern Chinese goods, for whom the US has increased reciprocal import duties to 125 percent. When added to an already existing 20 percent levy, ...
-
ArticleDeichmann’s 2024 revenues up 2.3%
Deichmann said that it “had a very successful 2024,” posting gross revenues of about €8.7 billion, or a net €7.4 billion, compared with €8.5 billion a year earlier. Currency-adjusted growth was 2.3 percent. “Good sales of higher-priced brand models have driven up the average price of the models sold,” commented ...
-
ArticleSemler relocates production to Hungary, cuts 25 jobs in Pirmasens
Carl Semler has decided to relocate most of its production to Hungary in order to secure its competitiveness, said the insolvent German footwear manufacturer. The Pirmasens manufacturing site will be retained, albeit with a reduced workforce. Shoe production will be concentrated in the company’s factory in Pécs, Hungary. This ...
-
News briefs
Bär Schuhe expands distribution in Germany
Bär Schuhe is expanding its distribution in Germany with a new sales representative for Bavaria. Michael Müller, who has over twelve years of professional experience, will be responsible for the region, according to the German comfort shoe company. Müller has strong connections in the local retail sector, it added. Bär ...
-
ArticleC-Suite interview: Pegada plans to open 100 stores worldwide this year
Pegada, a Brazilian footwear company located in Dois Irmãos in the state of Rio Grande do Sul, plans to open about 100 stores this year. The company, whose name means “footprint” in Portuguese was founded in 1989 by two brothers with two of their cousins, churns out 7 million pairs ...
-
News briefs
Vivaia opens its first US store
Vivaia, a digitally-native footwear brand launched in 2020, has opened its first US brick-and-mortar store in New York. The 900-square-foot store is located at 68 Prince Street, in the heart of SoHo. The inaugural US store follows the brand’s retail expansion within the US, its largest market globally, and wholesale ...
-
ArticleGianvito Rossi promotes its COO to CEO
Costanzo Ruocco was appointed Chief Executive Officer of Gianvito Rossi, effective April 1. Ruocco was previously Chief Operating Officer of the Italian producer of luxury shoes and accessories owned by the Swiss luxury goods conglomerate Richemont. He will report to Philippe Fortunato, the Chief Executive Officer of Richemont’s Fashion & ...
-
News briefs
Birkenstock opens a 2nd store in Paris
Birkenstock opened a second store in Paris. The 85-square-meter store is located at 4 Rue de Sèvres, in the French capital’s 6th arrondissement, within the Saint-Germain-des-Prés area, renowned for its intellectual and artistic legacy. Last year, the German footwear brand opened a store in Paris’ Marais district. The latest store ...
-
ArticleFrench footwear exports down 1% in 2024
In 2024, the exports of footwear from France fell by 1 percent in value to €5.409 billion. In volume, exports were up slightly to 126.8 million pairs from 126.3 in 2023, according to data released by Alliance France Cuir, the trade association representing country’s leather and leather goods industry. France ...
-
News briefs
Puma has a new CEO
Arthur Hoeld, a longtime Adidas executive, will become the new CEO of Puma following the departure of Arne Freundt due to “differing views on strategy execution.” Freundt, who had been with Puma for 13 years, struggled to gain investor confidence, with his branding-focused strategy failing to deliver expected returns. Hoeld ...
-
News briefs
VF names a COO
VF Corp., the parent company of brands like Vans, The North Face and Timberland, has promoted Abhishek Dalmia to Executive Vice President and Chief Operating Officer, effective immediately. Dalmia will lead corporate strategy, digital technology, transformation and supply chain operations in his new role. VF’s last COO was Steve Rendle, ...
-
News briefs
China imposes 34% tariff on all US imports effective April 10
China will impose a 34 percent tariff on all goods imported from the US starting from April 10, in retaliation to the tariffs announced by the US administration, the official Xinhua news agency reported. China also announced export control measures on certain rare earth-related items, including samarium and gadolinium. Xinhua ...
-
ArticleUS tariffs are expected to significantly hit Asian shoemakers
The decision made on April 2 by the US President Donald Trump to introduce tariffs on all goods imported to the US is expected to have a significant impact on footwear manufacturers, especially in Asia. Meanwhile, the UK is considered as coming out fairly unscathed from the new regime and ...
-
News briefs
Coats to exit US yarns business
Coats intends to fully exit from the US yarns business run by its Performance Materials (PM) unit in Kings Mountain, North Carolina. “This follows the strategic review of the Americas Yarns business, which started in Q4 2024 and has already resulted in the closure of the Toluca, Mexico facility in ...
-
News briefs
Tecnica Group names a new CEO
Andrea Dorigo has been appointed Chief Executive Officer of Tecnica Group, the parent of outdoor footwear and winter sports brands Tecnica, Nordica, Moon Boot, Lowa, Blizzard and Rollerblade. He replaces Giovanni Zoppas, who has led the Italian group since May 2021 and will now serve as a strategic advisor ...
-
News briefs
Italy’s population continues to decline
Italy’s population fell to 58.934 million people at the end of 2024, 37,000 less than a year earlier, according to data released by the Italian statistics office Istat. The country’s population has been declining consistently since 2014. Foreign immigration totaled 435,000 people in 2024, about 5,000 less than the previous ...
-
News briefs
Birkenstock opens a store in Nashville
Birkenstock opened a store in Nashville, Tennessee. It is the brand’s tenth company-owned retail store in the United States. The store offers a full range of products for women, men, and kids, including the brand’s iconic sandals, clogs, sneakers, shoes, and boots. Guests can also explore the Birkenstock Care Essentials ...
- Previous Page
- Page1
- Page2
- Page3
- Page4
- Next Page
