All Shoe Intelligence articles in Volume 28, Issue 17+18 – Page 2
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News briefs
Seibel Kunststofftechnik files for insolvency under self-administration
The German footwear industry supplier Seibel Kunststofftechnik has filed for insolvency proceedings under self-administration with the Pirmasens District Court. Founded in 1996 and based in Hermersberg in Rhineland-Palatinate, the company employs around 60 people and specialises in plastic injection moulding, supplying customers in industries including automotive, electrical and footwear. ...
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News briefs
Sabu hires a new Senior Category Manager
The German shoe retail cooperative Sabu has appointed Sabine Kretzschmar as its new Senior Category Manager. Based at the group’s headquarters in Heilbronn, Kretzschmar will be responsible for further developing the supplier portfolio and Sabu’s programmes, negotiating terms and conditions, conducting strategic discussions and analysing key performance indicators for product ...
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ArticleMadden NYC launched in India with women's footwear
Madden NYC, the accessible fashion brand from Steve Madden, was launched in India on Aug. 11 with a women’s footwear collection available online and at select retailers across the country. The brand is being introduced in the Indian market in partnershp with Reliance Brands. ”The debut collection includes everything from ...
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ArticleShoe Station hires a new Chief Marketing Officer
Shoe Station Group appointed Tracy Dick as Chief Marketing Officer, effective Aug. 3. ”Tracy joins the leadership team to accelerate the execution of the company’s strategic initiatives to expand the Shoe Station banner and strengthen customer engagement across Shoe Carnival,” the US footwear group said. She will report to the ...
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ArticleGrendene sells its US unit to Pajar
Grendene announced that on Aug. 7 it signed an agreement to sell its wholly-owned US subsidiary, GGB USA, to the Canadian group Pajar for $3.61 million. ”Upon completion of the transaction, Pajar will hold the entire equity interest in GGB USA, which will continue its operations in the United States ...
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ArticleVolatile orders are putting pressure on Yue Yuen’s production
The contract manufacturer is feeling the impact of its brand-name customers’ more cautious ordering policies. Manufacturing profit plummeted by 67.9 percent.
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News briefs
Turkish lira seen declining further this year
The Turkish lira is likely to weaken further against the US dollar by the end of the year, according to Commerzbank’s Senior Economist for Emerging Markets, Tatha Ghose. He believes that the dollar could rise to 53 lira by December after reaching a new record of nearly 47.78 on Aug. ...
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ArticleBirkenstock hikes its revenue guidance
Birkenstock Holding, the UK-based parent company of the German sandal maker, increased its full-year revenue guidance after releasing better-than-expected sales in its fiscal third quarter. The company now expects revenue growth of 15 percent in constant currency, resulting in reported revenue at the high end of its €2.30-2.35 billion guidance ...
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ArticleFrasers buys Harvey Nichols out of administration
Frasers Group has acquired Harvey Nichols from FTI Consulting LLP, the administrators of the British luxury retailer. No financial details were released. Harvey Nichols had been owned for 35 year by the Hong Kong businessman Dickson Poon. But, the retailer was placed into administration after being loss-making ...
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ArticleWolverine raises outlook despite tariff pressure on margins
US company raises guidance again as Merrell and Saucony grow, while targeting bigger lifestyle markets.
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ArticleSchuhe wie barfuß to close after insolvency proceedings
The Austrian barefoot shoe retailer Schuhe wie barfuß Handels is set to shut down after its insolvency proceedings took a turn for the worse, with the Feldkirch regional court ordering the closure of two affiliated companies: Schuhe wie barfuß Handels GmbH and Bruno Kühne Großhandel mit Barfuß-Schuhen. The two ...
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News briefs
MySize’s Q2 revenues rise by 53%
MySize, an Israel-based producer of AI-driven sizing solutions, footwear fit-tech and retail innovation, reported that revenues for the second quarter of 2026 increased by 53 percent year-over-year to $3.07 million. In the first six months of the year, revenues grew by 57 percent to $5.46 million. ”The growth reflects the ...
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News briefs
Xero Shoes hires a Director of Global Merchandise Planning and a US Sales Manager
Xero Shoes has expanded its leadership team with the appointments of Kaitlyn Gering as Director of Global Merchandise Planning and Maggie Doran as US National Sales Manager, as the natural movement footwear brand continues to develop its direct-to-consumer (DTC), wholesale and distributor businesses. Gering will oversee global merchandise planning, including ...
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News briefs
Frasers lifts its stake in Hugo Boss to 47.89%
Frasers Group reported that 12,157,598 Hugo Boss shares, representing 17.62 percent of the capital of the German fashion group, were tendered in a public takeover offer ended on Aug. 13. Together with the 33.05 million shares it already owned, Frasers said that it holds 47.89 percent of Hugo Boss’ share ...
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News briefs
Germany lost 190,000 business in 2025
Nearly 190,000 businesses closed in Germany in 2025, up by about 10 percent compared to the year earlier, according to calculations from the economic research institution ZEW and Creditreform. According to their data, only about one in eight firm closures were due to insolvency, as increasingly firms with medium ...
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ArticleIn July, Brazil posted its first trade deficit in footwear
In July, Brazil posted a trade deficit in footwear of $3.6 million, the first on record since the current data series started in 1997, according to Abicalçados, the Brazilian footwear association. In July, the South American country’s imports totaled $66 million in value, in line with a year earlier, and ...
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ArticleJD Sports cuts its full-year guidance as sales slip further in Q2
JD Sports Fashion cut its full-year earnings guidance after posting weaker sales in the second quarter, driven by North America. The region overtook the UK as the group’s biggest market in July. “Trading in the second quarter remained tough. The market stayed highly promotional, reflecting the consumer and footwear product ...
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News briefs
Alibaba’s earnings collapse on AI investments
Alibaba generated an attributable net profit of 10.537 billion yuan renminbi ($1.553bn) in its first quarter ended June 30, down by 76 percent compared to a year earlier amid hefty investments in artificial intelligence. Revenues grew by about 9 percent to RMB 268.953 billion. The group registered a negative free ...
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News briefs
Humanoid robots shipments seen exceeding 50,000 in 2026
Global humanoid robot shipments are projected to exceed 50,000 units in 2026, according to Counterpoint Research. The research firm indicated that shipments in the first half of the year surpassed 22,000 units, representing nearly 300 percent year-over-year growth. The Chinese manufacturer Agibot commanded a 43 percent market share, followed by ...
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ArticleEcco shakes up its senior management after two years of losses
Ecco promoted Neal Taylor as Executive Vice President and Chief Commercial Officer, replacing Casper Gram Hvejsel, who resigned after the Danish footwear, accessories and leather giant group posted its second annual loss in 2025. ”I’m proud and humbled to share that I’ve been named Executive Vice President, Chief Commercial Officer ...
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