All Shoe Intelligence articles in Volume 26, Issue 15+16
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Shoe Intelligence Executive Edition: Vol. 26 - 15+16
Italian shoemakers agree on a new labor contract | Vietnam’s leather, footwear, handbag exports seen reaching $26-27bn in 2024 | Geox’s H1 sales dragged down by the wholesale business | Ferragamo posts encouraging first-half results | Prada’s first-half results are driven higher by Miu Miu | C-Suite interview: SJ hires a designer to build up its brand identity and starts rolling out its retail concept | Tamaris launches the brand NEWD. | Pölking ends insolvency proceedings | Birkenstock hires a managing director for Southeast Asia, Australia | Sabu doubles its 2023 profits | Skechers’ Q2 sales driven higher by EMEA | Deckers continues to be driven higher by Hoka and Ugg | Steve Madden’s sales continue to be underpinned by Europe | Rocky Brands doubles its operating profit in Q2 | Allbirds partners with Belle Fashion Group to expand in Greater China | American Exchange Group buys Island Surf Company | Argentina focuses on high-end products for the European market | Zalando posts revenue growth and improved profitability in Q2 | Footway transfers e-commerce business to new corporate group | C-Suite interview: Quanticlo’s founders are satisfied with the company’s current structure | How an Italian online platform aims to give more visibility to local fashion stores | Thailand’s Central Group takes over the rest of KaDeWe Group | Munz Group launches the multibrand chain Salamander Store in Russia | Russian fashion imports from China are resilient despite sanction pressure | Most German, US and Japanese consumers prefer multi-brand retailers | C-Suite interview: Lack of personnel is a global issue for the footwear industry | The Swiss footwear retail veteran Max Vögele dies at 93
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ArticleZalando posts revenue growth and improved profitability in Q2
Zalando showed accelerating growth and improved profitability in the second quarter. The German online fashion retailer said that its success is due in part to an expansion of its lifestyle offerings, with strong growth in Sports, Designer and Beauty, and in part to a boost in its assortment’s relevance, with ...
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News briefs
Italian fashion sales decline in the first 7 months of 2024
Fashion sales, which include clothing, footwear, leather goods, accessories, home textiles and sports goods, fell by 8.1 percent year-on-year in value in July, according to the trade association Federazione Moda Italia-Confcommercio. The month corresponds to the summer clearance period for retailers. In the first half of 2024, fashion sales fell ...
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Relaxo's Q2 profits decline on weak sales, higher expenses
Relaxo Footwears, an Indian group that sells shoes under various brands including Relaxo, Flite, Bahamas and Sparx, posted revenues from operations of 748.2 crore rupee (€81.9m) in the second quarter ended June 30, up by 1.3 percent year-on-year. Total income grew by 1.0 percent to INR 753.6 crore (€82.4m). Expenses ...
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Skechers launches its John Deere collection
On Aug. 1, Skechers launched its footwear collection created in partnership with John Deere, an American producer of agricultural and forestry machinery as well as heavy and lawn care equipment. The partnership was announced in May. Skechers said that the first capsule consists of various styles for men, including all-terrain ...
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Celanese introduces a new biobased foam polymer for athletic footwear
Celanese has presented a new biobased foam polymer called HytrelTPC RS40F2, which, when foamed, is “ideal” for athletic footwear applications. According to the US specialty materials and chemical company, the “pristine white foamed biobased Hytrel TPC RS40F2 is well-suited to the midsole components of athletic footwear as it delivers lightweighting ...
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Pollini’s H1 sales decline nearly 14%
Pollini, the luxury footwear brand wholly-owned by the Italian fashion house Aeffe, posted sales of €14.8 million in the first half of 2024, down by 13.6 percent from a year earlier. The brand represented 10.7 percent of the group’s revenues, up from 10.5 percent a year earlier as it outperformed ...
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Berkemann launches the premium brand Heinrich Berkemann
To celebrate its 140th anniversary, Berkemann Group launched the new premium brand “Heinrich Berkemann” in the wooden shoes segment. The new collection of the German comfort shoes company will be available in the spring of 2025 and will combine traditional craftsmanship with modern design, using sustainable materials. The ...
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ArticleGeox’s H1 sales dragged down by the wholesale business
In the first half of 2024, Geox’s sales dropped by 9.4 percent, or by 8.0 percent at constant exchange rates, to €320.4 million due to the poor performance of its wholesale business. “The first half of 2024, consistent with what we have seen in the first months of the year, ...
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ArticleFerragamo posts encouraging first-half results
In the first half of 2024, Salvatore Ferragamo posted a 12.8 percent year-over-year decline in revenues to €523 million. At constant exchange rates, the decline narrowed to 10.9 percent. However, second-quarter sales showed a significant improvement on the first three months of the year by declining by only 8.1 percent ...
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ArticleNext lifts guidance on overseas sales surge and FatFace acquisition
Next has lifted its profit target for the eight time in a row as second-quarter sales defied wet British summer weather and the cost-of-living crisis, with overseas sales providing a boost along with the recently-acquired FatFace and Reiss, in which the UK fashion retailer now holds a majority 51 percent ...
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ArticleAllbirds partners with Belle Fashion Group to expand in Greater China
To bolster its presence in the Asian market, Allbirds has forged an exclusive distribution and licensing agreement with the Chinese Belle Fashion Group. Effective June 28, Belle Fashion Group will manage Allbirds’ operations in mainland China, Macau and Taiwan. This strategic shift from a direct go-to-market model to a partnership ...
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ArticleCrocs delivers record Q2, outlook on ‘cautious consumers’ spooks investors
Shares in Crocs took a hit yesterday, closing down by nearly 2.7 percent, or $3.65, to $130.81 after the company issued a third-quarter guidance below analysts’ expectations. The CEO, Andrew Rees, cited the company’s exceptional first-half results and market share gains but also asserted the group’s guarded outlook on H2 ...
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ArticleSteve Madden’s sales continue to be underpinned by Europe
In the second quarter of 2024, Steve Madden posted a 17.6 percent increase in revenues to $523.6 million, lifted by sales in the Europe, Middle East and Africa (EMEA) business region and the acquisition of Almost Famous in October 2023. Excluding Almost Famous, the top line grew by 7.5 percent. ...
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News briefs
BasicNet’s H1 Ebitda falls by 22%
BasicNet, the Italian parent of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands, expressed some concern about a “general slowdown in (consumer) consumption” when reporting first-half results. Ebitda declined by 22 percent in the first half to €17.6 million as Ebit slipped by 40 percent to €8.7 ...
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ArticleThe Swiss footwear retail veteran Max Vögele dies at 93
The Swiss shoe entrepreneur Max Vögele has died at the age of 93 in Pfäffikon, in the canton of Zurich. The industry veteran was responsible for building one of Switzerland’s best-known footwear retailers, Karl Vögele AG (KVAG), which operated the banners Vögele Shoes, Bingo and Max Shoes. Born ...
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Ganter and Hassia’s sales representative Uwe Hermeling dies at 54
Uwe Hermeling, the sales representative for the Austrian comfort shoe brands Hassia and Ganter, died unexpectedly. He was 54 years old. The sales expert had worked at Ganter and Hassia for four years. His career also included positions at Mephisto, Marc Shoes and Rohde. Hermeling previously worked as ...
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ArticleRocky Brands doubles its operating profit in Q2
Amid an unpredictable consumer environment, Rocky Brands improved its second-quarter operating income by 104 percent year-over-year and lowered its net loss by 56 percent for the period ended June 30. The group attributed the better results to its diversified portfolio and recently started cost-saving initiatives. The quarterly operating income ...
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ArticleC-Suite interview: Quanticlo's founders are satisfied with the company’s current structure
After enjoying strong growth during the Covid-19 pandemic, which resulted in lockdowns supporting online sales, Quanticlo reached a plateau in 2021, when sales amounted to €5 million, 58 percent more than the pre-pandemic level of 2019. Revenues stayed around that level for the following two years as the Italian online ...
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ArticleTamaris launches the brand NEWD.
Tamaris, a brand of the German footwear manufacturer and distributor Wortmann Group, said that its premium collection NEWD.Tamaris is evolving into the NEWD. brand. NEWD. will now manage its communication strategy and target new customer segments in the €100-140 price range, adopting an independent approach with a focus on ...
