C-Suite interview: Valleverde expects stable revenues in 2025 and calls for European import duties
Valleverde is one of Italy’s most famous footwear brands with a presence of more than 40 years in its home market. Known for its comfort shoes and television commercials with the American actor Kevin Costner, Valleverde nevertheless filed for bankruptcy protection at the end of 2013. After six bankruptcy auctions ...
Spartoo’s sales drop but its cash flow improves
In 2024, Spartoo suffered a 7.7 percent decline in gross merchandise value (GMV) to €184.7 million, resulting in an 8.7 percent drop in revenues to €130.5 million.
Peru and Guatemala shoemakers target new markets
Peru and Guatemala are two important Latin American footwear markets for different reasons. Peru, despite an annual production of 62 million pairs, ranks third after Chile and Mexico among the continent’s importing countries. Guatemala, on the other hand, ranks fourth after Brazil, Mexico and Ecuador among the region’s exporters, with ...
Designer Brands resumes comparable sales growth in Q4, sees more ahead in FY25
Designer Brands expects to see profitable sales growth in the current fiscal year despite signs of consumer caution, after it returned to comparable sales growth in the fourth quarter ended Feb. 1 for the first time in nine quarters.
Forever 21’s US operating company files for bankruptcy
Forever 21’s US operating company filed for bankruptcy about five years after exiting its last Chapter 11 proceedings due to fierce competition from other fast-fashion retailers such as Shein and Temu.
Geox sees growth accelerating over the course of five-year industrial plan
Geox expects growth in sales and profits to accelerate over the course of a new five-year industrial plan, as the Italian footwear company moves from an initial phase focused on improving operating efficiency to one characterized by bolstering its presence on key markets and a new push for international expansion.
Skechers sees signs of stabilization in China, caution in US
Skechers has seen signs of stabilization in its business in China although it expects there will continue to be near-term headwinds in the market, which it sees representing a significant long-term growth opportunity.
Austria loses 13% of its shoe stores as footwear retail crisis deepens
A steady wave of store closures continues to hit the Austrian footwear retail sector as brick-and-mortar sales further drop and the shoe industry gradually shifts toward online retail, with a recovery still not in sight, a survey from the market research company RegioData showed.
Inditex’s sales slow down in the opening weeks of fiscal 2025
Inditex’s sales in the full year ending Feb.1 grew by 7.5 percent to reach €38.6 billion, thanks to “very satisfactory development both in stores and online.” Sales in constant currency grew by 10.5 percent.
German footwear retailers struggle as sales plummet
Separate surveys painted a mixed picture of the health of the footwear sector in Germany, as the industry faces global shifts amid continued economic and geopolitical uncertainty, bureaucratic and regulatory hurdles and the growing competition from Asian e-commerce platforms.