All Shoe Intelligence articles in Volume 28, Issue 11+12 – Page 3
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News briefs
Caleres confirms its interim CFO in the job
On May 20, Caleres announced the appointment of Dan Karpel as Senior Vice President and Chief Financial Officer, effective immediately. He will serve as the company’s principal financial officer and principal accounting officer. Karpel rejoined Caleres as Chief Accounting Officer in October 2025 and was appointed to the role of ...
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ArticleDr. Martens’ profits stride ahead as turnaround plan gains traction
Dr. Martens reported a sharp jump in annual profits as its move to more full-price sales started to pay off under Chief Executive Ije Nwokorie’s turnaround plan. Adjusted pre-tax profit for the year to March 29 soared by 61 percent to £55 million (63.5m), driven by a “standout” 19 percent ...
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News briefsScholl’s Wellness Company buys the insole brand VKTRY
Scholl’s Wellness Company, the parent company of the Dr. Scholl’s brand and a portfolio company of Yellow Wood Partners, acquired VKTRY, a US performance insole brand designed for athletes. Terms of the transaction were not disclosed. VKTRY was founded and operated by the Arciuolo family in Milford, Connecticut. “Athletes are ...
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News briefs
Meijer launches a workwear collection
Meijer, a regional retailer operating in the US’s Midwest, launched a workwear clothing line called Northline Supply. The collection is available in all of Meijer’s 269 supercenters. Apparel prices range from $9.99 to $34.99 and footwear prices range from $70 to $80. “Our customers are not only using workwear brands ...
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News briefs
The Smith family increases its stake in Shoe Zone
On aggregate, the Smith family has increased its stake in Shoe Zone to 29,620,181 ordinary shares, representing 64.08 percent of the total voting rights of the British footwear retailer, from 26,860,251 shares, totalling 58.11 percent of voting rights. Shoe Zone disclosed that on May 19, Charles Smith, the Chairman, and ...
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News briefs
Birkenstock launches $250m share buyback
Birkenstock Holding, the UK-based parent company of the German sandal maker, has entered into a $250 million accelerated share repurchase (ASR) agreement with Goldman Sachs International. “Short-term market dynamics have resulted in what we believe is a strong disconnect between our share price and the strength of our underlying fundamentals”, ...
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ArticleCoats holds guidance as OrthoLite lifts Ebit margin
Coats maintained its full-year guidance and reported that the Iran war had not caused a material impact on trading so far. Reported revenues were up by 18 percent year-over-year in the four months to April, lifted by the acquisition of OrthoLite, the maker of open-cell foam insole technology, bought for ...
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ArticleHoka powers Deckers to record $5.47bn in FY2026
Deckers closes fiscal 2026 with record $5.47bn in revenue, driven by Hoka’s 16% growth, and guides for further expansion through 2030.
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News briefs
Skechers relocates its German HQ to the ANWR campus
Skechers will relocate its German headquarters to the ANWR Group campus in Mainhausen, near Frankfurt, which is home to one of Europe’s largest cooperative buying networks for footwear and sporting goods. Scheduled for mid-2028, the move will consolidate its local showroom and administrative headquarters into a single, purpose-built facility of ...
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ArticleShoe Carnival pauses rebanner strategy, plans to close underperforming stores
Shoe Carnival now plans to rebanner just a “few” more stores into its premium Shoe Station banner over the next two years and will be closing 18 to 24 underperforming stores following a strategic review carried out during the first quarter of its fiscal year 2026. Cliff Sifford, Shoe Carnival’s ...
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News briefs
Brunt reportedly valued over $1bn
Brunt Workwear, a US work boot and apparel brand, is exploring options including a full sale or a strategic investment that could value the privately-owned company over $1 billion, the news agency Reuters reported citing sources familiar with the matter. The company is working with the investment bank JPMorgan on ...
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News briefs
Authentic Brands Group buys Lee
Kontoor Brands has signed a definitive agreement to sell the Lee business to Authentic Brands Group (ABG) for up to $1 billion, including an initial payment of $750 million and up to $250 million in earnouts in future years based on the performance of the denim and lifestyle brand under ...
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News briefs
Consumer confidence improves in Germany and the UK
In June, consumer confidence in Germany is expected to rise to -29.8 from -33.1 in May , according to the latest NIM Consumer Climate powered by GfK. The preliminary reading for May was -33.3. “Consumer Climate has, at least for the moment, ended its downward trend and is recovering somewhat ...
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News briefs
Alpkit launches a footwear range
Alpkit has launched its first collection of range of footwear, which includes walking and hiking shoes. ”Our new footwear range completes our head-to-toe system of technical performance gear for outdoor adventure,” the British outdoor and cycling brand said on its website. The collection comprises seven styles, ”every one built for ...
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ArticleANWR Group increases its business volume amid sector transformation
ANWR Group increased its business volume in 2025, though revenues declined and overall performance fell slightly short of the previous year. The German buying group said in a statement that business volume rose 1.5 percent to €19.6 billion, while revenues stood at €625.6 million and earnings before taxes came in ...
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ArticleFitasy offers the possibility to buy only one shoe via its on-demand platform
Fitasy, a US provider of custom-fit 3D-printed footwear, launched the option to buy only one shoe through its on-demand production platform www.fitasy.com. ”Aimed at individuals who require only a left or a right shoe—such as those who use prosthetics—the ’single-shoe’ option is sold at exactly half the price ...
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News briefs
Birkenstock opens a store in Bologna
On May 20, Birkenstock opened a 130-square-meter store in Bologna, the capital of the Italian region of Emilia-Romagna region and one of Europe’s best-preserved medieval cities. ”Building on its successful debut in Milan last year, the brand continues to expand its footprint across northern Italy,” said the German sandal maker.
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ArticleGolden Goose continues to grow at a double-digit pace
In the first quarter of 2026, Golden Goose, the Italian brand of premium sneakers, saw its net revenues rise by 10 percent year-over-year at constant exchange rates to €173.2 million, driven by direct-to-consumer (DTC) sales. DTC sales were up by 19 percent year-on-year and represented 81 percent of total revenues, ...
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News briefs
Tod’s’ CEO steps down after less than 2 years in the job
John Galantic, the Chief Executive Officer of Tod’s, has stepped down less than two years after taking the helm at the Italian luxury goods company. The company has not named a replacement yet, according to the news agency Bloomberg. Tod’s appointed Galantic in September 2024. The former Chief Operating ...
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News briefs
H&M’s Q2 sales seen hit by consumer weakness and the weather
H&M Hennes & Mauritz’s sales for the second quarter ending on May 31 are expected to be hit by declining consumer confidence and unfavorable weather, according to the German private bank Bernstein. “We remain cautious on H&M’s results predominantly given the backdrop of a weak consumer which is sequentially ...
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