All Shoe Intelligence articles in Volume 26, Issue 13+14
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PDF NewsletterShoe Intelligence Executive Edition: Vol. 26 - 13+14
Italian footwear production slumps in the first quarter | Portugal’s footwear industry plans to invest €600m by 2030 as it rivals with Italy | Intersport, Decathlon are the main resellers of clothing in France | Expo Riva Schuh attracts over 9,000 visitors | Clarks swings to annual loss as ‘discount-hungry’ consumers spurn full prices | Rohde starts building up its US sales team | Kienast rebrands all ABC and K+K stores as Reno | Leder & Schuh’s sales continued to grow in 2023 | ANWR Group is confident about the future | German court rejects Birkenstock appeal against Rafting Goldstar | Golden Goose postpones its IPO | Velasca plans new store openings but pushes back its €100m sales target | Pittarosso’s debt restructuring plan cleared by Italian court | How Belledonne is achieving sneaker success by revisiting retro styles | Sales of cheap fashion items reach record levels in Russia | Designer Brands expands in Canada as Q1 sales inch up | Shoes For Crews emerges from Chapter 11 process after asset sale | C-Suite interview: Rocas surfs the waves to the shores of Europe | Compostable sneakers are inching closer to the mass market
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News briefs
OrthoLife expands its European hub
The US-based insole specialist OrthoLite announced the expansion of its European hub, OrthoLite Europa (OEU), focusing on its facility in Almansa, Spain. “Our commitment to invest in our global manufacturing footprint brings agility and reliability for OrthoLite’s brand partners and our T1 factory partners,” said Richard Bevan, Vice President of ...
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News briefs
Shoe Zone cuts its guidance on higher transport costs, poor weather conditions
Shoe Zone further cut its full-year guidance and now expects adjusted profit before tax for the financial year ending Oct. 2 to be “not less” than £10.0 million pounds (€11.8m). The British footwear retailer said that it has continued to experience cost pressures associated with container prices due to a ...
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News briefs
Hogan offers the best customer service in Italy among footwear firms
Hogan was voted the footwear company offering the best customer service in Italy, according to Statista’s survey Italy’s Best Customer Service 2024/2025. With a score of 9.06 points, the brand, which is part of the Tod’s group, is among a cohort of 20 companies from different categories to have a ...
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News briefs
Revolve buys Alexandre Vauthier
Revolve, a Los-Angeles based fashion group, has acquired a majority stake in Alexandre Vauthier, a French designer brand. “The strategic move further differentiates Revolve Group, Inc. in the premium and high-end fashion market, taking a significant step forward in its mission to redefine the fashion landscape,” the US company said ...
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ArticleShoes For Crews emerges from Chapter 11 process after asset sale
Shoes For Crews, a US firm specializing in slip-resistant footwear, said that it has completed the sale of substantially all of its assets to its first lien secured lenders via a stalking horse credit bid. The sale marks the company’s emergence from its Chapter 11 process. Through the transaction, the ...
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ArticleItalian footwear production slumps in the first quarter
In the first quarter of 2024, revenues of Italian footwear manufacturers fell by 10.1 percent year-on-year, while production declined by 20.5 percent. In the whole of 2023, sales of Italian shoemakers grew by 0.6 percent to €14.58 billion, according to the latest data released, but the increase was underpinned by ...
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News briefs
Crocs releases its Comfort Report
Crocs has released its third annual Comfort Report, highlighting the company’s progress in corporate responsibility, including initiatives in social responsibility and sustainability. In the report, the company claims to have reached a “milestone” in material innovation by exceeding a monthly average of 20 percent bio-circular content in its proprietary Croslite ...
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News briefs
Golden Goose introduces summer retail concept
Italian luxury sneaker brand Golden Goose is unveiling Bar Golden, a new retail experience inspired by the Italian culture and design of the 1960s. The new concept is launching in the seaside resorts of Forte dei Marmi, Italy, and Bodrum, Turkey. The stores showcase a selection of vintage objects such ...
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ArticleKienast rebrands all ABC and K+K stores as Reno
The German family-owned shoe retailer Kienast Group has announced that between August and October this year it will rebrand approximately 250 of its stores as Reno. The change will affect stores currently operating under the ABC Schuh-Center and K+K Schuh-Center brands. The decision to switch to the Reno banner ...
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ArticleH&M warns that business conditions are more challenging
H&M Hennes & Mauritz continues to expect a 10 percent operating margin this year but warned that conditions have become more challenging to achieve the target. In the fiscal second quarter, which ran from March 1 to May 31, the Swedish fashion retailer’s sales rose by 3 percent in both ...
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ArticleRohde starts building up its US sales team
Rohde has hired its first agent in the US, who will cover the northeast of the country from Pennsylvania to Maine. The German footwear producer of slippers and sandals aims to hire a couple more agents by the end of the year to cover the southeast and the Midwest. “The ...
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News briefs
Deichmann’s subsidiary Supremo to distribute Kappa in Germany and Austria
The German footwear company Supremo is taking over distribution of the Italian sports lifestyle brand Kappa in Germany and Austria as it further expands its portfolio of licensed brands, which already includes Tom Tailor, Lurchi and Romika. The retail prices for the new Kappa collection from Supremo are expected ...
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News briefs
Caprice reorganizes the sales team of newly acquired Peter Kaiser brand
Caprice, a brand of the German footwear group Wortmann Schuh-Holding KG, is revamping the sales team of the newly acquired women’s footwear brand Peter Kaiser in a bid to further expand the market presence of both brands in Germany. Caprice acquired Peter Kaiser in December last year. The Pirmasens-based ...
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ArticleVelasca plans new store openings but pushes back its €100m sales target
Velasca, an Italian startup launched in 2013 by Jacopo Sebastio, the chief executive officer, and Enrico Casati, continues to enjoy strong growth thanks to the extension of its product line and store openings, but warned that it may take longer than expected to reach its annual revenue objective of €100 ...
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News briefs
Birkenstock’s controlling shareholder sells down its stake
BK LC Lux MidCo S.à r.l. (MidCo), an entity affiliated with the US private equity L Catterton, is proposing 14 million ordinary shares in Birkenstock in an underwritten secondary public offering. MidCo is selling 9,880,814 of the shares it owns, while 4,119,186 are sold by executive officers and certain other ...
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News briefs
Shein’s London IPO seen at risk due to forced labor allegations
Shein’s attempt to be listed on the London Stock Exchange (LSE) could be undermined by allegations that part of the supply chain of the Singapore-based online fashion retailer uses forced labor, according to Interactive Investor’s head of markets, Richard Hunter. Hunter believes that the British financial market regulator, Financial Conduct ...
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News briefs
World Shoe donates 500,000 shoes to PAYU’s Health and Hygiene Impact Project
World Shoe, which manufactures antimicrobial shoes in Africa, has signed a new partnership with the Pan African Youth Union (PAYU) Health and Hygiene Impact Project, including the donation of 500,000 shoes. In addition to World Shoe’s donation, CouldYou? will provide 50,000 menstrual cups for girls, with distribution across 15 African ...
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ArticleLeder & Schuh’s sales continued to grow in 2023
Austria’s Leder & Schuh, one of Europe’s largest shoe retailers, reported a further increase in sales last year, confirming a positive trend in 2022 and 2021 after the pandemic slump of 2020. Through its Humanic and Shoe4You brands, the company increased its sales by 4.5 percent to €367 million in ...
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ArticleHeinrich Dinkelacker starts production in Tuscany
Heinrich Dinkelacker, the traditional brand of high-end men’s shoes, continues to expand production in Western Europe. After “four years and many rounds of sampling across the European continent”, the company has found a partner in Tuscany, near the fashion and leather goods hub of Florence, to manufacture its Buda ...
