All Shoe Intelligence articles in Volume 26, Issue 11+12
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PDF NewsletterShoe Intelligence Executive Edition: Vol. 26 - 11+12
Expo Riva Schuh’s management visits China, US, Portugal, Brazil | Birkenstock hikes FY guidance after record Q2 revenues | Arklyz completes the acquisition of Lloyd Shoes | s.Oliver ends footwear licensing partnership with Wortmann | How Gerli is relaunching Camel Active | Golden Goose plans listing on Milan stock exchange in June | Geox sees 2024 sales decline after wholesale sales suffer in Q1 | Footwear drags Tod’s’ sales lower | Ferragamo’s Q1 sales decline sharply | Dr. Martens targets up to £25m in cost savings as FY sales, profits slump | Shoe Zone cuts full-year earnings guidance on higher costs | Jimmy Choo suffers from softening demand for luxury goods | Allbirds confirms FY guidance as Q1 sales plummet | Caleres maintains outlook after Q1 sales fall short of expectations | Genesco Q1 sales fall 5% but beat expectations as Journeys makes progress | VF Corp. fails to deliver yet again | Deckers sees FY25 sales up 10% | Shoe Carnival continues to eye M&A as Rogan’s contributes to solid Q1 sales growth | Boot Barn sees sales growth in new fiscal year as store openings continue | Crocs maintains its sales guidance and names a new CFO | Wolverine starts to see the signs of a turnaround | Stuart Weitzman books lower sales and a loss in Q3 | Kizik expands in the US and abroad | Weyco posts weaker sales but expects an improvement in H2 | Shoes For Crews obtains court approval to sell its assets | Yue Yuen’s profits double in Q1 | Alpargatas maps out new business strategy, turns Q1 profit | Grendene’s Q1 sales are underpinned by the Brazilian market | Arezzo’s sales lifted driven by e-commerce and own stores | The Russian footwear industry calls for trade protectionism | Creditors approve Galeria’s restructuring plan | Zalando reshuffles its top management | Boohoo losses widen as Shein, weak demand hit revenues globally
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News briefsDesigner Brands names a CMO at DSW
Designer Brands has appointed Sarah Crockett chief marketing officer (CMO) of DSW Designer Shoe Warehouse, effective June 6. Crockett will be responsible for overseeing the planning, development and execution of all marketing and advertising initiatives for DSW’s nearly 500 US stores and e-commerce channel, DSW.com, ”furthering the implementation of comprehensive ...
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ArticleVF names a new brand president for The North Face
VF Corporation has named Caroline Brown global brand president of The North Face. She will be starting the week of June 10 and succeeds Nicole Otto. As a result of her appointment, Brown has resigned as a member of VF’s board of directors. In February, the US apparel and footwear ...
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News briefs
Görtz launches the GLDN fashion line
Görtz is venturing into fashion with the launch of its first-ever clothing line, GLDN, as it expands its ‘lifestyle’ concept. The new product line made its debut with an event at Görtz’s Hamburg flagship store on the Spitalerstrasse 11. The GLDN spring/summer 2024 collection includes boxy T-shirts and black ...
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News briefs
White Mountain expands into men’s, boys’ footwear
White Mountain is expanding into men’s and boys’ footwear as it continues to diversify its product range since its acquisition by American Exchange Group in January 2023. In June 2023, the brand introduced its girls’ footwear line, departing from its emphasis on women’s footwear. The men’s collection ranges from dress ...
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ArticleGenesco Q1 sales fall 5% but beat expectations as Journeys makes progress
Sales at Genesco declined by a reported 5 percent to $457.6 million in the first quarter of fiscal year 2025 but were above management expectations of a mid-to high percentage decrease amid signs of progress at Journeys, the division whose turnaround remains the company’s main priority. At constant-currency rates, sales ...
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ArticleCaleres maintains outlook after Q1 sales fall short of expectations
Caleres maintained its guidance for a top line this year that is flat to up 2 percent compared to the year earlier after reporting sales in the first quarter ended May 4 that were slightly worse than expectations. First-quarter sales at Caleres fell by 0.5 percent to $659.2 million, versus ...
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ArticleJimmy Choo suffers from softening demand for luxury goods
In the fourth quarter ended March 30, Jimmy Choo, the luxury footwear brand owned by Capri Holdings, posted revenues of $137 million, down by 9.3 percent on both a reported and constant currency basis. The group said that the decline was driven primarily by “softening demand globally for fashion luxury ...
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News briefs
VF names Sun Choe global brand president of Vans
VF Corp. appointed Michelle “Sun” Choe as the global brand president of Vans, starting in late July. Choe brings nearly three decades of experience from top brands, including Lululemon, Marc Jacobs and Levi’s, to her new role. Having recently served as chief product officer at Lululemon, she drove significant revenue ...
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ArticleDr. Martens targets up to £25m in cost savings as FY sales, profits slump
Dr. Martens is targeting up to £25 million (€29.3m) in cost savings and maintained its full-year guidance outlined in its profit warning last month as continuing woes in the US led to a slump in annual revenue and profit. Previously, the company indicated that overall earnings could slump by as ...
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ArticleBirkenstock hikes FY guidance after record Q2 revenues
Birkenstock Holdings increased its full-year guidance after reporting record sales in the second quarter ended March 31. The group now expects full-year revenues to grow by 20 percent at constant exchange rates, up from a previous guidance of 17-18 percent, and predicts an adjusted Ebitda margin of 30.0 to 30.5 ...
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ArticleCreditors approve Galeria’s restructuring plan
Another hurdle has been cleared on Galeria Karstadt Kaufhof’s path to recovery. The creditors of the troubled German department store chain approved its pending reorganization plan, insolvency administrator Stefan Denkhaus said on following a creditors’ meeting. The clearance is a significant step towards the completion of Galeria’s insolvency proceedings, ...
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ArticleGolden Goose plans listing on Milan stock exchange in June
Golden Goose, an Italian fashion brand known for its premium sneakers, said that it plans to hold an initial public offering (IPO) on the Milan stock exchange consisting of existing shares held by Astrum, its sole shareholder, and newly issued shares stemming from a capital increase. The brand will use ...
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News briefs
Coats' CEO steps down
Coats’ chief executive, Rajiv Sharma, will leave by the end of 2024 after 14 years with the group, the last eight years as CEO. The British industrial thread and global footwear component manufacturer said that its board has appointed David Paja as chief executive designate. Paja is expected to join ...
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News briefs
Pimkie placed under court administration
A Lille-based commercial court has placed Pimkie into a “safeguard procedure”, enabling the French fast fashion label and chain store for young women to continue operating while undergoing a restructuring, the news agency AFP reported citing trade union representatives. Frédérique Dupont, of the CFE-CGC trade union, said that the ...
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ArticleShoes For Crews obtains court approval to sell its assets
Shoes For Crews said that on May 24 it received approval from the United States Bankruptcy for the District of Delaware for the sale of substantially all of its assets to its first lien secured lenders via a stalking horse credit bid. The sale will eliminate more than $300 million ...
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ArticleBoohoo U-turns on executive bonuses after investor outrage
Boohoo has been forced to climb down over plans to pay three of its top executives £1 million (€1.17m) each in bonuses after shareholder anger over widening losses and missed performance targets. The directors, including co-founders Mahmud Kamani and Carol Kane, along with Chief Executive John Lyttle, were in line ...
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ArticleMarketplaces increasingly important in German e-commerce
Marketplaces are playing an increasingly important role in German e-commerce and shoppers rely more and more on their smartphones to make purchases, according to a survey from HDE, the German trade association. In 2023, sales via online marketplaces accounted for more than half of total online sales in Germany (54 ...
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News briefs
Uzbekistan incentives the creation of footwear clusters
Uzbekistan’s government plans to create clusters for the leather and footwear industries in the Sharaf-Rashidov and Akhangaran districts and has defined incentives to attract investors. Until Jan. 1, 2026, companies established in the areas are exempt from property tax, land tax and tax for the use of water resources, according ...
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News briefs
French footwear sales slump in April
In April, French footwear retail sales fell by a seasonally and working-day adjusted 5.9 percent month-on-month, according to the Bank of France. In March, sales of footwear increased by 2.8 percent. The March reading was revised up from a preliminary estimate of a 2.5 percent rise. Overall French retail sales ...
