All Shoe Intelligence articles in Volume 28, Issue 7+8
View all stories from this issue.
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News briefs
US global tariff could rise to 15% this week
The US could increase its global tariff to 15 percent from 10 percent this week, according to the Treasury Secretary, Scott Bessent, during an interview on CNBC’s Squawk Box on March 4. Bessent also predicted that US tariff rates would, by August, effectively return to where they stood before the ...
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ArticleAeffe receives expressions of interest from investors, plans to pick a buyer by end May
Aeffe, the troubled Italian fashion group that owns the luxury footwear brand Pollini, has received several non-binding expressions of interest from Italian and foreign investors with experience in the fashion industry. Aeffe also owns the high-profile brands Alberta Ferretti and Moschino. The information was released by Mimit, the Italian ministry ...
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ArticleRoots explores a possible sale
Roots has initiated a strategic review that includes the possibility of being sold. The Canadian lifestyle brand has hired J.P. Morgan Securities Canada Inc. as its financial advisor and Torys LLP as its legal advisor for the review. The company said that it has decided to publicly announce the ...
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ArticleOtto to axe nearly 460 jobs to reduce costs
Otto Group will cut nearly 460 additional full‑time jobs, largely at its Hamburg headquarters, as part of a sweeping restructuring program aimed at lowering costs and responding to weakening consumer demand and growing international competition. The German online retailer, which employs around 4,300 people in Hamburg, said it is ...
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ArticleBally appoints a new CEO
Bally, the Swiss luxury brand, has appointed Mario Grauso as its new Chief Executive Officer, succeeding Ennio Fontana and marking another step in the company’s ongoing transformation under its new owner, the US investment firm Regent. Grauso joined Regent in April last year as operating partner for its fashion ...
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ArticlePrimark appoints a Chief Commercial Officer
Primark has appointed Filip Ekvall to the newly created role of Chief Commercial Officer, with effect from Sept. 1. The new role of Chief Commercial Officer will bring “together the product, retail, digital and customer functions to further integrate and strengthen Primark’s consumer proposition across channels and markets,” said Associated ...
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ArticleVersace puts pressure on Prada’s operating margin
The Prada Group posted sales growth in 2025 but its operating margin was trimmed by the acquisition of Versace which completed on Dec. 2. The dilutive impact of the Italian luxury brand is expected to persist this year. The Italian luxury goods group posted net revenues of €5,718 million in ...
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News briefs
Maersk temporarily halts Middle East services, Gulf region shuttles
Maersk has temporarily suspended its services connecting the Far East to the Middle East and the Middle East to Europe in light of the escalating conflict affecting navigation in the Gulf region. “This decision has been taken as a precautionary measure to ensure the safety of our personnel and vessels ...
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ArticleCoats lifts its margin and free cash flow targets as OrthoLite is expected to outperform
Coats has lifted its medium-term operating margin and free cash flow targets as it expects its newly acquired OrthoLite business to outperform the market. OrthoLite is expected to “significantly outperform” the underlying footwear market based on technology penetration tailwinds and new business wins, the British producer of industrial threads and ...
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ArticleGenesco’s sales to be hit by license exits and store closures
In the current fiscal year, Genesco expects its sales to decline by 0-1 percent as the exit of licenses trims its top line by about $30 million and store closures knock off a further $30 million. However, the US footwear company anticipates comparable sales to rise by 1-2 percent. In ...
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ArticleBerlin university leads €4m EU project on sustainable footwear and home textiles
The Technische Universität Berlin, one of Germany’s largest universities of technology, is leading a new three-year European Union research project aimed at improving the sustainability of footwear and home textiles. The initiative, called STEPH (STrengthening Ecodesign pathways with performance assessment Parameters for Home textiles and footwear) is part of the ...
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News briefs
Aldo names P3 Media as its digital marketing agency
Aldo Group has named P3 Media its digital marketing agency for its whole portfolio, including the brands Aldo, Sperry, G.H.Bass and Call It Spring. As the Canadian footwear company “continues to scale its digital commerce and performance marketing capabilities, P3 Media will collaborate closely with Aldo’s internal teams to accelerate ...
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News briefs
Stoke Shoes launches in over 450 stores
On March 1, Stoke Shoes was launched in in more than 450 stores in the US, including Scheels, Murdoch’s, Academy Sports + Outdoors, Rack Room Shoes, Shoe Department, Shoe Sensation, Runnings, Sun & Ski and North 40. Less than 90 days prior, the brand was launched online. Founded by Rick ...
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News briefs
MySize’s stock has to regain compliance on Nasdaq
MySize, an Israel-based producer of AI-driven sizing solutions, footwear fit-tech and retail innovation, received on March 2 a notice from the Nasdaq stock market stating that the closing bid price of the company’s common shares has been below $1.00 for 30 consecutive trading days. MySize has been provided 180 calendar ...
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News briefs
Soles4Souls buys Erren Recondition
Soles4Souls, a US nonprofit organization turning shoes and clothing into opportunity, has acquired Erren Recondition, a European leader in footwear and apparel reconditioning. No financial details were released. Soles4Souls said that the acquisition significantly expands its ability to help brands and retailers extend product life, reduce waste and create economic ...
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News briefs
Metro Brands crosses 1,000 store threshold
Metro Brands announced that it has crossed 1,000 stores across India. The Indian retailer operates over 1,000 stores across more than 200 cities, covering approximately 1.4 million square feet of retail space. The company opened its first store under the Metro brand in Mumbai in 1955. It retails footwear under ...
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News briefs
Saks Global to close 15 additional stores
Saks Global Enterprises, the troubled US multi-brand luxury retailer, said that it is closing an additional 12 Saks Fifth Avenue and three Neiman Marcus locations. On Feb. 10, the retailer had announced the closure of eight Saks Fifth Avenue and one Neiman Marcus locations in the first phase of its ...
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ArticleWeyco sales, earnings decline amid uncertain retail environment
Weyco reported a decline in both sales and earnings in the fourth quarter of 2025, as it highlighted an uncertain retail environment marked by economically stretched consumers, price increases and unpredictable tariff developments. Total sales in the three months ended Dec. 31 fell by 5 percent compared to the year ...
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News briefs
Dr. Martens Chief Product Officer steps down
Adam Meek, Dr. Martens’ Chief Product Officer, is leaving after four years in the job. “After four unforgettable years, I’ve now stepped away from my role as Chief Product Officer at Dr. Martens,” Meek wrote on his LinkedIn account. Before joining the British footwear group at the end of 2021, ...
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News briefs
Kane Footwear launches its first open-backed recovery shoe
Kane Footwear, a US brand of recovery shoes, launched the Revive OB, its first open-backed recovery shoe, designed for in-between activity moments. The Revive OB, meaning “Open Back,” is the third recovery shoe model in the Revive family, joining the Revive and Revive AC. “Unlike traditional slip-ons, the Revive OB ...
