All Shoe Intelligence articles in Volume 26, Issue 11+12 – Page 2
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ArticleShoe Carnival continues to eye M&A as Rogan’s contributes to solid Q1 sales growth
Shoe Carnival expects that mergers and acquisitions (M&A) will remain a key part of its growth strategy after the recently acquired the US work and family footwear brand Rogan’s Shoes contributed to solid growth in its top line in the first quarter of its 2024 fiscal year. “Going forward, we ...
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News briefs
Scan-to-print circular footwear from Vivobarefoot
London-based footwear brand Vivobarefoot has launched the first commercially available limited edition Vivobiome barefoot shoes. Vivobiome is a scan-to-print system for circular footwear and a clear move away from complex and, according to Vivobarefoot, extremely wasteful analog manufacturing to a simpler, low-waste and connected system that is fit for a ...
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ArticleExpo Riva Schuh’s management visits China, US, Portugal, Brazil
As part of its efforts to further develop its international network, the management of Expo Riva Schuh & Gardabags visited China, the US and Brazil in April and May. Traditionally, China has a large delegation of almost 300 exhibitors at the footwear and bag trade show held biannually in Riva ...
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ArticleArklyz completes the acquisition of Lloyd Shoes
The Swiss sports and lifestyle firm Arklyz AG has completed the takeover of the German premium footwear brand Lloyd Shoes, including all its subsidiaries, from Ara AG. The financial terms of the deal were not disclosed. With the acquisition of the German shoe manufacturer, Arklyz adds another footwear brand ...
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ArticleDeckers sees FY25 sales up 10%
Deckers Brands, the parent company of the Hoka and Ugg brands, ended a successful fiscal year by reporting a 36.3 percent operating income increase in the fourth quarter to $144.3 million from $105.9 million. Gross margin expanded by 6.20 percentage points to 56.2 percent in the quarter ended March 31. ...
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ArticleVF Corp. fails to deliver yet again
VF Corp. failed to exceed consensus estimates for quarterly sales and profit for a fourth consecutive quarter. The latest bad news for the parent of The North Face, Vans, Timberland and Dickies, among others, sent VF’s shares down 11.7 percent on the day of the announcement. The operating loss was ...
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News briefs
Coats’ sales underpinned by recovery in footwear
Coats said that in the four months to April 30 reported revenues rose by 4 percent while currency-neutral revenues increased by 7 percent at group level. Revenues for the apparel business grew a reported 11 percent and 14 percent at constant exchange rates. The footwear business increased revenues by 6 ...
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News briefs
Dray obtains the Lotto license for Brazil
WHP Global announced a long-term license agreement for Lotto giving Dray Indústria e Comércio the exclusive rights to develop, manufacture, promote and distribute the brand in Brazil. Aiming for a public launch in the second half of 2024, the Lotto product portfolio offered in Brazil will feature footwear, apparel, accessories ...
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News briefs
Lululemon’s chief product officer quits
Lululemon announced organizational changes following the resignation of Sun Choe, its chief product officer, to pursue a new opportunity. Choe’s exit marks the end of her seven-year tenure with the company. The Canadian producer of performance apparel for yoga, running and training will not seek a new chief ...
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ArticleThe Russian footwear industry calls for trade protectionism
Foreign companies that had declared plans to sever ties with Russia, still control nearly 80 percent of the local footwear market, Andrey Pavlov, president of Zenden, a prominent Russian footwear manufacturer and retailer, outlined during the Moscow Economic Forum. Leading brands, including Nike, Adidas, Reebok and Ecco, are still widely ...
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ArticleGerman brick-and-mortar shoe retail grows, online sales drop slightly
Brick-and-mortar footwear sales grew in 2023 in Germany, as online retail slowed down after the Covid lockdowns ended and consumers returned to physical stores, a survey showed. While the footwear market has steadily grown since 2021, brick-and-mortar retail still remained below the pre-pandemic levels of 2019, according to the ...
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ArticleShoe Zone cuts full-year earnings guidance on higher costs
Shoe Zone has cut its full-year earnings guidance due to higher labor and shipping costs as well as additional expenses stemming from store closures. The British footwear retailer cut its full-year profit before tax forecast to £13.8 million (€16.2m) from £15.2 million. It noted that the original forecast was based ...
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ArticleGaleria Karstadt Kaufhof investors to pledge up to €100m, plan overhaul with store closures, name change
Galeria Karstadt Kaufhof’s new owners are poised to inject up to €100 million in the company to revamp its remaining department stores over the next two to three years, according to media reports. The insolvent retailer sees Sunday shopping as a cornerstone of its restructuring efforts, according to the ...
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ArticleKizik expands in the US and abroad
Kizik, a US brand specializing in slip-on shoes, is opening two more stores in the US as part of its aggressive expansion strategy at home and abroad. The Lindon, Utah, based company aims to become “the next billion dollar shoe brand.” On May 17, the brand opened its second US ...
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News briefs
Brazilian footwear exports seen down 6-9% in 2024
In 2024, Brazilian footwear exports are expected to decline by 6 to 9 percent in volume as an improvement in the second half of the year is expected to offset a sharp decline in the first four months of the year, according to the Brazilian footwear industry association, Abicalçados. Data ...
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News briefs
Three UK footwear companies awarded royal warrant
The British Footwear Association (BFA) announced that three of its members, Tricker’s, Crockett & Jones and John Lobb have been awarded the royal warrant by king Charles III. ”This honour recognizes their exceptional craftsmanship and solidifies their status in the luxury footwear industry,” the BFA said. The Northampton-based shoemaker Tricker’s ...
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News briefs
British Footwear Association names Richard Shetliffe as CEO
The British Footwear Association (BFA) appointed Richard Shetliffe as its new Chief Executive Officer, effective May 14. Shetliffe has over 30 years of experience in the footwear and accessories industry. He held leadership positions at brands such as Dr. Martens, Ben Sherman, Vagabond, VF Corporation, The Dune Group and ...
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ArticleGrendene’s Q1 sales are underpinned by the Brazilian market
Grendene maintained its first-quarter revenues stable thanks to domestic sales led by the Melissa brand. Gross revenues rose by 0.7 percent year-over-year to 662.4 million reais (€119.0m) in the first quarter of 2024, with domestic sales up by 6.7 percent to R$528.3 million (€94.9m) and exports down by 17.5 percent ...
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ArticleGeox sees 2024 sales decline after wholesale sales suffer in Q1
Geox now expects sales to fall by a mid-single-digit percentage this year, after revenues in the first quarter tumbled by a reported 13.5 percent to €193.6 million led by a steep decline in wholesale sales. At constant currency rates, sales were down by 11.7 percent. Geox, which had previously forecast ...
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News briefs
Nice Footwear obtains Ellesse license for the French market
Nice Footwear has obtained the footwear license regarding the French market for the Ellesse brand owned by the US group Pentland. Nice Footwear said that it will rely on its “solid experience” of the French market to develop the brand. Since January 2022, the Italian footwear company has a showroom ...
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