All Shoe Intelligence articles in Volume 26, Issue 13+14 – Page 2
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Article
Intersport, Decathlon are the main resellers of clothing in France
Over the past 24 years, the sporting goods chains Intersport and Decathlon have become the main retailers of fashion clothing in France, overtaking hypermarkets, which used to control a combined 20 percent of the clothing market in 2000, according to the study Référenseigne Fashion carried out by Kantar. In 2000, ...
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News briefs
Self-administration proceedings opened for Sør
The Mönchengladbach District Court has opened self-administration proceedings for Bonavest GmbH, the owner of German fashion retailer Sør. Bonavest filed for bankruptcy in March this year as falling sales, high rents, as well as increasing energy, logistics and personnel costs took a heavy toll on the company. The ...
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News briefs
Otto satisfied with its results despite a drop in sales
The German mail order company Otto posted a widening loss for the 2023/2024 financial year, but said it is satisfied with the results despite the drop in sales as it made “noticeable progress in its operating result” in an “enormously challenging market environment.” Losses increased to €426 million in ...
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News briefs
Saucony hires new global chief marketing officer
Saucony has named Joy Allen-Altimare as its new global chief marketing officer, effective immediately. According to the Wolverine Worldwide-owned footwear brand, she will be responsible for developing and executing Saucony’s global branding initiatives, including brand positioning, direct-to-consumer strategies, advertising, digital strategies, international growth initiatives and expansion of the brand’s global ...
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News briefs
French footwear sales slip in May
In May, French footwear retail sales fell by a seasonally and working-day adjusted 0.8 percent month-on-month, according to the Bank of France. Overall French retail sales dropped by 0.4 percent month-on-month in May, after falling 0.5 percent in April, and sales of manufactured goods also fell by 0.4 percent, after ...
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News briefs
Allbirds enters distribution deals covering Scandinavia, Baltic states and Benelux
Allbirds announced agreements with two distributors to cover Scandinavia, the Baltic states and Benelux. With these agreements, Allbirds has penned deals with eight international distributors, following Canada and South Korea in 2023, and Japan, Australasia, Gulf Countries and Southeast Asia earlier this year. Authentic Brands will be Allbirds’ first appointed ...
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News briefs
Micam releases its Trend Guide for spring/summer 2025
Micam, the international footwear fair whose next edition will be held from Sept. 15 to 17 at the Fieramilano Rho exhibition center at the outskirts of Milan, presented its new Trend Guide dedicated to next year’s spring/summer season. The guide, developed in collaboration with Livetrend, offers an overview of the ...
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News briefs
Viking Footwear strengthens its sales team
The Norwegian footwear label Viking Footwear has appointed Andreas Spangenberger as its new Sales Representative for the Northern and Eastern Germany regions. Spangenberger has 25 years of experience in the industry and brings extensive knowledge and skills that will support the further expansion of the brand in the outdoor, sports ...
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Article
Henkelman Footwear details its plans for Bullboxer
The Dutch footwear group Theo Henkelman Footwear has unveiled more details about its plans for Bullboxer’s future, with a revamped design team focusing on a ‘new comfort concept,’ new retail partnerships and an adjusted pricing. Henkelman said that the brand’s design team has been expanded to include former Bullboxer ...
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Article
Expo Riva Schuh attracts over 9,000 visitors
Expo Riva Schuh & Gardabags, the Italian trade show specializing in footwear, bags and accessories whose 101st edition was held from June 15 to 18 in Riva del Garda, hosted 1,300 exhibitors and brands from 40 countries and attracted more than 9,000 visitors, an increase from the previous two editions ...
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Article
Golden Goose postpones its IPO
Golden Goose Group announced the postponement of its initial public offering (IPO) “as a result of European market volatility.” “As part of the IPO process, the company has engaged widely with investors. The reception of the story has been very positive, with strong support across the investment community, including from ...
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Article
Portugal’s footwear industry plans to invest €600m by 2030 as it rivals with Italy
The Portuguese footwear industry plans to invest €600 million by 2030 to reinforce its positioning in the luxury segment, according to Luís Onofre, who was re-elected in January president of Apiccaps, the Portuguese association of footwear, components and leather goods manufacturers. Citing data from the European Union’s statistics office Eurostat, ...
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News briefs
Authentic Brands Group hires a general manager for Africa
Warren Bowers, a 25-year veteran in the fashion, outdoor and sports sectors, has joined Authentic Brands Group (ABG) as general manager of the US company’s Africa region. In the newly created position, Bowers will oversee ABG’s expansion across the continent by cultivating strategic partnerships to drive growth for the brands ...
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Article
Temu and Shein gain popularity in Germany
Asian e-commerce platforms such as Temu, Shein and others are experiencing significant growth in Germany as they increasingly attract consumers with their competitive pricing, diverse product selections, and engaging shopping experiences, according to the latest Trend Check Retail report from ECC Köln, which surveyed 500 consumers in mid-April 2024. ...
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Article
Sales of cheap fashion items reach record levels in Russia
The low-price segment of the Russian fashion goods market accounted for a record 74 percent of total sales in 2023, against 72 percent in the previous year, according to a study by Fashion Consulting Group, a Moscow-based think tank. It indicated that the budget segment is eating into the middle-price ...
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News briefs
Hooijer to distribute Keen in Germany
Hooijer Footwear Group continues to expand by taking over the distribution of the Oregon-based footwear brand Keen in Germany, starting from the spring/summer 2025 season. The deal includes the distribution of Keen footwear in the sports, outdoor, lifestyle and kids’ segments. The Dutch distribution and wholesale company is already ...
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News briefs
Broker sees ‘green shots’ for H&M’s sales growth
H&M Hennes & Mauritz’s sales are showing signs of a recovery which could lead to higher profit margins this year and next, according to the broker UBS. “We share investor concern on lack of a clear top line recovery but gain confidence from a raft of measures leading to green ...
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Article
Pittarosso’s debt restructuring plan cleared by Italian court
A Padua-based court has approved a composition with creditors presented by Pittarosso. At the end of last year, 93 percent of creditors had approved the plan presented by the Italian footwear retailer with the support of Responsible & Sustainable Corporate Turnaround Fund (RSCT). Established in 2020, RSCT is an Italian ...
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News briefs
IKKS obtains capital injection, debt write-off
IKKS has convinced its creditors to waive their claims and investors to inject funds, the chairman of the French fashion retailer, Ludovic Manzon, told the news agency AFP. “Following a cash injection into the capital and the waiver of debts, we will be able to focus on the essentials, namely ...
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News briefs
Wojas to exit Belarus
The Polish footwear retailer Wojas has notified its customers in Belarus about the imminent closure of all its stores in the country. Local press reported that the decision had been taken in the wake of Belarusian sanctions, which barred footwear imports from five European countries. Wojas runs three stores in ...
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