All Shoe Intelligence articles in Volume 26, Issue 15+16 – Page 2
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ArticlePrada’s first-half results are driven higher by Miu Miu
Prada Group’s first-half sales totaled €2,549 million, up by a reported 14 percent and by 17 percent at constant exchange rates, driven by the Miu Miu brand and the Japanese market. Retail sales grew by 15 percent, and by 18 percent at constant exchange rates, to €2,263 billion. Wholesale revenues ...
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News briefs
Veja appoints Anthony Bunn as EMEA sales director
The French sustainable sneaker brand Veja has appointed Anthony Bunn as sales director for Europe, the Middle East and Africa (EMEA). He replaces Artaud Frenoy, who is switching to sales director for Asia. Bunn has been working as an independent consultant since 2020. He began his career in 1994 as ...
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Mec Europa expects a surge in sales thanks to €2m investment
Mec Europa Due, an Italian producer of premium and luxury shoes, has invested €2 million to bring inhouse manufacturing tasks and bolster capacity by increasing the number of assembly lines to seven from five. The company, based near the northern Italian town of Brescia, now has a production capacity of ...
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Hermès posts double-digit growth rate in H1
Hermès’ revenues in the first half of 2024 amounted to €7.504 billion, up by a reported 12.0 percent and by 15.1 percent at constant exchange rates compared to the same period in 2023. All the geographical areas recorded double-digit growth in local currencies. Sales of the leather-goods and saddlery division ...
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Journeys names a chief marketing officer
Journeys appointed Stacy Doren as executive vice president and chief marketing officer of the Journeys Group, effective Aug. 1. “Stacy is an exceptional marketing leader with a resolute commitment to consumer-centric strategies. Her brand-building capabilities and strategic foresight make her the ideal partner in shaping Journeys’ future chapters,” said Journeys ...
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Aerosoles expands into the home sector with a license deal
American Exchange Group signed a licensing agreement with CHD Crest Home and its sister company Dream Home to expand the Aerosoles brand into the home sector. The agreement with CHD Crest Home will introduce Aerosoles-branded comforters, duvet covers, sheets, bed and decorative pillows, while Dream Home will offer Aerosoles pet ...
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Soles4Souls launches a national campaign in the US
Soles4Souls, a US nonprofit organization, launched on July 24 its first national campaign urging Americans to donate shoes and apparel “that can open the doors of opportunity for millions of people.” “In a world where access to basic necessities like shoes and clothing can determine one’s future, Soles4Souls is stepping ...
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News briefs
Zegna posts negative organic revenue growth in Q2
Ermenegildo Zegna posted revenues of €960.1 million for the first half of 2024, up a reported 6.3 percent year-on-year but down an organic 2.7 percent. In the second quarter, revenues reached €497.0 million, up a reported 4.7 percent and down an organic 0.4 percent. “We all recognize that 2024 will ...
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ArticleSkechers’ Q2 sales driven higher by EMEA
Skechers’ revenues generated in the Europe, Middle East and Asia (EMEA) region, bolstered by a strong performance in the direct-to-consumer (DTC) channel, rose by 14 percent to $492.5 million. The DTC gain was however mitigated across the region by supply chain disruptions from the Red Sea crisis that pushed some ...
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News briefs
Keen launches its first lifestyle shoe
Keen has launched the KS86, the brand’s first lifestyle sneaker. The shoe is a recreation of the archived Keen A86 trail runner, which debuted in 2010 and has now been reinterpreted by the brand for everyday life in and around the city. The reimagined and PFAS-free KS86, designed to be ...
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News briefs
Nuo buys a minority stake in Scarpa
Scarpa, the Italian specialist for mountain and outdoor footwear, has that the investment holding company Nuo has acquired a minority stake in the company. Cornaro, the holding company of the Parisotto family, will continue to hold the majority and maintain control. No financial details were released. Following this transaction, ...
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ArticleDeckers continues to be driven higher by Hoka and Ugg
Fueled by higher levels of full-price selling and double-digit sales gains for both its Hoka and Ugg brands, Deckers Outdoor reported 81 percent net income growth to $115.6 million for the first quarter that ended June 30 from $63.6 million a year earlier. The period marked the last earnings call ...
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ArticleHow an Italian online platform aims to give more visibility to local fashion stores
JustinShop is an Italian startup that created an app allowing users to book fashion items, such as a piece of apparel or a pair of shoes, with the option to receive them at home by courier or pick them up at a nearby shop. This may not seem new for ...
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LVMH's sales decline
LVMH’s fashion and leather goods division posted revenues of €20.771 billion in the first half of 2024, down by a reported 2 percent year-over-year but up by 1 percent organically. Profit from recurring operations for the division were down a reported 6 percent to €8.058 billion. Sales for the ...
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ArticleMost German, US and Japanese consumers prefer multi-brand retailers
A majority of consumers in Germany, the US and Japan prefer multi-brand retailers when shopping for fashion and lifestyle products, while direct-to-consumer retailers are losing key consumer touchpoints, a study from Roland Berger showed. The global consultancy firm surveyed over 1,800 consumers in the three countries. Eighty-four percent of shoppers ...
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News briefs
Sustainability is becoming more important for Germans shoppers
Sustainability is playing a growing role in buying behavior among German shoppers, with nearly half of consumers now making sustainable purchases, according to the latest Sustainability Consumer Monitor from HDE, the German retail association. General sustainability awareness among consumers increased and the number of sustainability-conscious shoppers also ticked up, with ...
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Sergio Rossi hires Paul Andrew as creative director
Sergio Rossi, the Italian luxury footwear brand owned by Lanvin Group, has appointed Paul Andrew as Creative Director. The 45-year-old designer has worked with various brands including Donna Karan, Calvin Klein, Narciso Rodriguez and Alexander McQueen. From 2016 to May 2021, Andrew worked for Salvatore Ferragamo. He joined the Florence-based ...
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French footwear sales surge in June
In June, French footwear retail sales rose by a seasonally and working-day adjusted 4.5 percent month-on-month, according to the Bank of France. Overall French retail sales rose by 0.3 percent month-on-month in June, after falling 0.5 percent in May, and sales of manufactured goods also grew by 0.9 percent, after ...
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News briefs
Superga and Sebago licensee CMH Consulting files for bankruptcy
Superga and Sebago’s licensee CMH Consulting, Management and Handel has filed for bankruptcy. The company, based in Kufstein, Austria, has held since 2013 the license in Germany and Austria for the two brands owned by the Italian group BasicNet. CMH Consulting applied for restructuring proceedings without self-administration. Around ...
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News briefs
Austrian textile and shoe retailer Vianello files for bankruptcy
The Austrian fashion retailer Vianello has filed for bankruptcy after taking a hit from falling sales amid a spike in costs. The Klagenfurt Regional Court opened restructuring proceedings without self-administration for the Carinthian textile and shoe chain. Sixty-two employees and 40 creditors are affected by the insolvency, with ...
