All Shoe Intelligence articles in Volume 26, Issue 17+18
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PDF NewsletterShoe Intelligence Executive Edition: Vol. 26 - 17+18
Global footwear production fell 6% in 2023 | Regent buys Bally from JAB | Lolë acquires Sanuk from Deckers | Birkenstock posts record sales but disappoints the stock market | Ara appoints a new CEO | Gabor’s management overhaul continues | Kurt Geiger enjoys strong sales growth in the US | C-Suite interview: Being listed on the stock market improved our governance - Nice Footwear | C-Suite interview: Fly Flot expands beyond slippers | Emerging designer: Socque rocks the classics | 12 emerging brands in the spotlight at Micam | Wolverine posts better-than-expected Q2 results | VF optimistic that EMEA will spearhead Vans’ turnaround | Tapestry’s takeover of Capri given 30% chance of succeeding | Jimmy Choo’s Q1 sales drop on soft demand | Boot Barn raises its full-year guidance on better-than-expected first-quarter results | Weyco ‘cautiously optimistic’ about the autumn selling season | Kizik signs distribution agreements for Taiwan, Italy, Southeast Asia | TJX buys a 35% stake in Dubai-based Brands for Less | Bama ceases business operations, trademark acquired by Ganka | Yue Yuen experiences order book ‘normalization’ | Stella significantly hikes distribution to shareholders over the next three years | Grendene’s foreign sales pick up in Q2 | Alpargatas turns Q2 profit but sales in Europe sag | Huntsman launches new high-traction TPU for the footwear industry | Yulex launches a new high performance natural rubber | Second-hand reselling enjoys booming popularity in Russia
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News briefs
ANWR and Sabu present an education platform for the shoe industry
The German footwear buying group ANWR and the German shoe retail cooperative Sabu have launched their first joint project, the “Wissenswelt” (Knowledge World) platform. The online platform offers training resources for staff across more than 4,500 points of sale in the shoe industry, with a strong emphasis on video-based ...
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News briefs
Micam will showcase Italian cuisine
The 98th edition of Micam Milano, held from Sept. 15 to 17 at the Fieramilano Rho exhibition center at the outskirts of Milan, will be showcasing cuisines from seven Italian regions with footwear clusters. The Micam Taste Arena will be set up in hall 5 in partnership with Associazione Italiana ...
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News briefs
The most popular brands on Schuhe.de: from colorful to classic with a focus on function and comfort
As the spring and summer season unfolded in Germany, the customers on ANWR Group’s online store Schuhe.de gravitated towards more neutral and classic tones. Footwear that combines functionality, comfort and style remained in high demand, with versatile and fashionable designs among the most sought-after in the second quarter of 2024, ...
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News briefs
The founder of Oboz has passed away
Outdoor industry veteran John Connelly passed away on Aug. 22 at the age of 77 after a long battle with various cancers. Connelly dedicated 50 years to the outdoor industry, beginning his career at an outdoor shop in Richmond, Virginia, and later contributing to over 15 outdoor footwear brands. In ...
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ArticleC-Suite interview: Being listed on the stock market improved our governance - Nice Footwear
The Italian footwear company Nice Footwear was listed on the Milan stock exchange for just over a year from Nov. 18, 2021 to March 3, 2023, when it was delisted following a public tender offer (PTO) launched by the Italian private equity firm Palladio Holding to buy out the minority ...
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ArticleKurt Geiger enjoys strong sales growth in the US
Kurt Geiger, a British footwear and accessories brand, increased revenues by 9.4 percent to £360.6 million (€428.4m) in the fiscal year ended in February 2024, driven by demand for its “affordable luxury” handbags, now its biggest-selling products. The brand’s leather handbags have an average retail price of £250 (€297). Founded ...
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ArticleKizik signs distribution agreements for Taiwan, Italy, Southeast Asia
Kizik has entered distribution agreements in Taiwan, Italy and Southeast Asia as the US brand specializing in slip-on shoes continues to expand abroad. The agreements were signed with Wellforce Sports in Taiwan, Artcrafts International in Italy, and Nyne Ventures to cover Singapore, Malaysia, Philippines, Thailand, Indonesia and Vietnam. In April ...
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ArticleBirkenstock posts record sales but disappoints the stock market
In the third quarter ended on June 30, Birkenstock reported record revenues of €564.8 million, up by 19 percent year-over-year at current and constant currency rates, thanks to “strong consumer demand supported by new production capacity and category expansion.” Nevertheless, the company’s results disappointed investors, sending the stock down sharply. ...
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ArticleHuntsman launches new high-traction TPU for the footwear industry
Huntsman Corporation officially launched a new material, Avalon Gecko Thermoplastic Polyurethane (TPU), specifically engineered for the high-performance footwear industry, at the NW Materials Show in Portland, Oregon, on Aug. 28. This innovative TPU material is designed to provide exceptional grip, comfort and durability, making it ideal for the demanding requirements ...
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News briefs
Frasers Group expands into Australia and New Zealand
The British retail company Frasers Group has expanded its presence in Australia and New Zealand by acquiring a 14.65-percent stake in Accent Group Limited, a major retail and distribution company specializing in performance and lifestyle products. This strategic investment is part of Frasers Group’s broader plan to increase its global ...
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ArticleCanadian rail freight resumes after government intervention
Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC) resumed railway services on Aug.26 after a shutdown started on Aug. 22 due to the lockout their Canadian workers in the wake of failed labor talks. Nevertheless, it could take several weeks for Canada’s railway network to fully recover from ...
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ArticleGermany’s economic situation worsens
The economic situation has worsened in Germany due to weak consumer confidence and geopolitical uncertainty, but the economy could gradually pick up in the coming quarters. Germany is Europe’s main economy and the third largest in the world. Germany’s consumer climate is expected to come in at -22.0 points in ...
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News briefs
JR One Footwear to expand production in Indian state of Tamil Nadu
JR One Footwear, a joint venture company between Phoenix Kothari Footwear and ShoeTown Group, plans to expand its presence in India’s southern state of Tamil Nadu by setting up two more manufacturing facilities and leather component clusters, according to the Indian newspaper The Economic Times. The company is already investing ...
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News briefs
The Platform Group's GMV up 20% in H1
German e-commerce company The Platform Group (TPG), the owner of online footwear retailer Schuhe24 and other e-commerce platforms, reported that gross merchandise volume (GMV) grew by 20 percent year-over-year to €442.5 million in the first half of 2024 while net sales increased by 23 percent to €231.5 million. The number ...
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News briefs
Heydude picks Sydney Sweeney as its brand ambassador
Heydude hired Sydney Sweeney as its “global spokesperson.” On Aug. 21, the brand owned by Crocs, announced a long-term and global partnership with Sweeney as well as unveiling its new brand campaign ”to create a movement of Dudes.” Sweeney is a two-time Emmy nominated actress and producer.
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News briefs
Skechers hires Ruud Gullit as brand ambassador in Benelux
Ruud Gullit, a football legend and former captain of the Dutch national team, has signed on with Skechers as its first ambassador in Benelux. Named World Soccer Player of the Year twice, Gullit will be featured in multi-platform marketing for Skechers’ footwear and apparel collections, including Skechers Hands Free Slip-ins ...
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News briefs
JD reiterates its Ebit guidance
JD Sports Fashion maintained its annual guidance of Ebit before adjusting items of £955.0 million to £1,035 million (€1.13-1.22bn) despite a persistently volatile global macro environment. The guidance does not include Hibbett Sports whose acquisition was completed in the fiscal second quarter. In the second quarter ended Aug. 3, the ...
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ArticleStella significantly hikes distribution to shareholders over the next 3 years
Stella International recorded a 53 percent increase in adjusted net profit to $92.9 million in the first half of 2024 from $60.3 million a year earlier, improving its adjusted net profit margin to 12.1 percent from 8.4 percent. It also announced plans to significantly increase distribution to shareholders over the ...
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ArticleTwelve emerging brands in the spotlight at Micam
Scheduled to run from Sept. 15 to 17 at the Fieramilano Rho exhibition center at the outskirts of Milan, the 98th edition of the Micam footwear fair showcases again twelve up-and-coming footwear brands as part of its Emerging Designers selection located at the Micam X space in Hall 1. Often ...
