All Shoe Intelligence articles in Volume 26, Issue 17+18 – Page 3
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News briefs
Stuart Weitzman hires five global ambassadors
Stuart Weitzman announced five new global ambassadors: Aly Raisman, Christy Turlington, Issa Rae, Lucy Liu and Ming Xi. They are set to star in the brand’s new campaign film “How Lovely to Be a Woman,” premiering Sept. 4.
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News briefs
Leder & Schuh launches Delka in Humanic and Shoe4you stores
After its recent acquisition by the Austrian shoe retailer Leder & Schuh, the footwear brand Delka is now being integrated into a new comfort shoe line exclusively available at the group’s Humanic and Shoe4you stores. “Initially, the brand will be sold exclusively at Humanic and Shoe4you stores, but could ...
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ArticleLolë acquires Sanuk from Deckers
Lolë Brands, a Canadian athleisure, active and outerwear brand, announced the acquisition of the outdoor lifestyle footwear brand Sanuk from Deckers Brands. In October 2023, Deckers had indicated its intention to sell the brand. In the financial year ended March 31, Sanuk’s revenues plummeted by 33 percent to $25.4 million. ...
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ArticleSecond hand reselling enjoys booming popularity in Russia
The Russian fashion market has witnessed a staggering 30 percent surge in the sale of secondhand goods in 2023, a trend that is rapidly gaining momentum, as estimated by the Moscow-based think tank, Fashion Consulting Group. Last year, the segment was valued at 200 billion rubles (€2bn), which was equivalent ...
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ArticleGerman online sales swing back to growth in Q2, footwear up 3.4%
Online sales in Germany turned back to growth in the second quarter of 2024 after two sluggish years, with footwear sales exceeding the €1 billion as the market starts to normalize, according to a survey released by the federal association of e-commerce and mail order trade, BEVH. In the second ...
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ArticleYue Yuen experiences order book ‘normalization’
The globe’s largest footwear manufacturer Yue Yuen realized a whopping 121 percent growth in profit attributable to company owners at $184.4 million for the six months ended June 30 versus $83.6 million a year earlier. Ebit rose by 85 percent to $265.2 million against $143.2 million in the year-ago period. ...
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ArticleGabor’s management overhaul continues
Another long-serving manager is leaving the German footwear manufacturer Gabor Shoes. On Sept. 30, Rainer Bachl, who joined the company in 1982 and led Gabor’s comfort shoes division for many years, will depart the Rosenheim-based shoemaker. The company announced Bachl’s exit without disclosing specific reasons. No successor has yet ...
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News briefs
Timo Schmermund becomes Head of Sales for DACH at Relife
Timo Schmermund joined the Relife shoe brand last month as Sales Manager for the so-called DACH region, which covers Germany, Austria and Switzerland. Schmermund comes from the German shoemaker Rohde, where he worked from July 2021 as Key Account Manager starting in July 2021, and as Head of Sales for ...
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News briefs
S.Oliver Group hires new Country Manager for Austria and Italy
The German footwear brand s.Oliver appointed Marcel Peters as Country Manager for Austria and Italy. Peters took over his new duties on June 1, 2024, succeeding Felix Kinnen, and is now responsible for the wholesale, franchise, depot and retail divisions, the Rottendorf-based company said in a statement. “In ...
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News briefs
Coats appoints a board director
Coats said that Srinivas Phatak will join the board as a non-executive director, effective Sept. 1. In addition, he will join the audit and risk committee and the nomination committee. Phatak is currently the Deputy Chief Financial Officer and Group Controller at the consumer goods company Unilever PLC. He has ...
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News briefs
Generational change starts at safety shoe manufacturer Baak
A new generation has been called to the helm at the safety shoe manufacturer Baak as Andrea Grusa steps down to give way to her son Christian Grusa, marking the beginning of a planned generational transition at the family-owned company. Thirty-one-year-old Christian, who has overseen organizational and brand development ...
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News briefs
Werner 1911 strengthens its sales team
The footwear manufacturer Werner 1911 is strengthening its sales team. Starting with the spring-summer 2025 order season, sales expert Holger Heide will represent the company in northern, eastern and western Germany, presenting its collection at regional trade fairs in Breitscheid, Hamburg, Berlin and Hanover. Heide’s trading agency is active ...
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News briefs
Adrian Wick to take over representation of Högl brand in Switzerland
The Austrian women’s shoe manufacturer Högl Shoe Fashion has appointed Adrian Wick as its new representative for Switzerland. He will take up the role starting from the spring/summer 2025 sales season. He succeeds Patric Schneider, who stepped down after many years at the company. Wick will manage operations ...
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News briefs
Designer Brands launches the Designer Brands Foundation
Designer Brands launched the Designer Brands Foundation whose purpose is “to advance the empowerment of individuals by removing barriers and helping them put their best foot forward.” It added that “notable contributions” have already been made through the foundation, including a $50,000 donation from the DSW Foundation, which is part ...
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News briefs
Bata India’s sales inch down on sluggish demand
Bata India said that in the first quarter end June 30 revenues fell by 1.4 percent year-on-year to 9,446 million rupee (€103.1m), despite expanding its retail network, due to weak consumer demand. “Bata India navigated well through the slugging consumption environment further accentuated due to the elections and extreme heat ...
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ArticleVirola starts exporting non-leather footwear
Virola International, an Indian company that is one of the country’s major exporters of high-quality leather shoes, has started supplying non-leather footwear to a European client. “Buying non-leather footwear from India is a big mental change for clients,” explains Ishaan Sachdeva, who runs the family-business with his father Sushil Sachdeva. ...
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News briefs
Manolo Blahnik's 2023 sales down 10%
Manolo Blahnik reported that it posted a 10 percent drop in sales to €106.5 million in 2023 due to the “well-documented global luxury market slowdown.” Despite the decline, 2023 was the “second-best year ever” for the luxury footwear and accessories brand, according to the CEO, Kristina Blahnik. The pretax profit ...
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ArticleWolverine posts better-than-expected Q2 results
Wolverine Worldwide, Inc (WWW) posted better-than-expected sales and earnings in the second quarter of 2024 as the US company benefits from the results of its turnaround plan launched a year ago. Total revenues fell by 27.8 percent, or by 27.7 percent at constant exchange rates, to $425.2 million and ongoing ...
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ArticleGrendene’s foreign sales pick up in Q2
Grendene’s gross revenues rose by 3.1 percent year-over-year to 604.4 million reais (€100.5m) in the second quarter of 2024, underpinned by its key Melissa brand and a surge in exports. The group’s domestic sales were up by 1.5 percent to R$506.7million (€84.3m), as higher prices offset a decline in volumes, ...
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News briefs
Allbirds reduces Q2 operating loss
Allbirds reported another quarterly Ebitda loss and lower revenues for the second quarter but said the results were within its guidance range as it made further operational and financial progress. Additionally, the San Francisco lifestyle footwear company moved forward with its international strategy focused on distributors and licensees. The group ...
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