All Shoe Intelligence articles in Volume 26, Issue 19+20
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PDF NewsletterShoe Intelligence Executive Edition: Vol. 26 - 19+20
Micam attracts 40,950 visitors | Italian footwear production continues to decline | Assocalzaturifici names a new General Manager | French clothing and footwear retailers have underperformed since 2019 | Online shopping remains popular in Germany | Golden Goose H1 sales up by 12% driven by DTC | Steve’s seeks to raise up to €300,000 in crowd funding | Unflock launches a crowd funding campaign for its sneaker cover | First Italian shoemaker obtains VCS sustainability certification | Gabor deploys two Magazino robots in its warehouse | Deichmann interested in acquiring rights for Esprit footwear | Shoepassion takes over the luxury shoe platform Mybudapester(dot)com | Wourth Group buys Peter Hahn | Coats fully derisks its pension scheme, expects higher cash generation | Footasylum posts record sales and earnings | EQT sells Dunlop Protective Footwear | Ganka sells Bama brand rights for Europe to Polish company Kaps | Spartoo improves its cash flow despite lower sales | Rendez-Vous adds fruit and vegetables to its product range | Skechers sues Rockport for alleged patent infringement | Caleres unveils cost-cutting measures, lowers guidance after falls short in Q2 | Designer Brands cuts guidance as dress, seasonal footwear suffer | Genesco maintains earnings guidance despite better-than-expected Q2 performance | Shoe Carnival converts some stores to the Shoe Station banner | Kizik enters distribution agreements in Japan and Canada | Thorogood launches a women’s work boot collection | How a crowd funding platform is helping footwear companies raise money | Inditex’s H1 sales growth outpaces costs | H&M posts disappointing Q3 results | Asos sells Topshop and partially refinances its debt | Soggy British summer hits second-half sales at Primark | Next lifts guidance again as overseas sales boost H1 profits
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ArticleSpartoo improves its cash flow despite lower sales
In the first half of 2024, Spartoo suffered a decline in revenues but continued to improve its cash flow thanks to a reduction in working capital as inventories decreased. The gross merchandise value (GMV) totaled €90.9 million, down by 10.5 percent compared to a year earlier. Revenues also dropped by ...
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ArticleGerman leather goods industry suffers steep sales drop
According to the German footwear and leather goods trade association, HDS/L, the German leather goods industry faces a challenging second half of 2024, with sales falling and both imports and exports declining, reflecting broader economic pressures. The leather and leather goods manufacturing sector, excluding footwear and clothing, saw a significant ...
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News briefsGenesco appoints a new CFO
Genesco, after a broad search, appointed Cassandra “Sandra” Harris as Senior Vice President of Finance and Chief Financial Officer on Oct. 7. Harris succeeds Thomas George, whose planned retirement will take effect on Dec. 12, to ensure an orderly transition. “Sandra is a proven executive leader with a consistent record ...
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ArticleHow a crowd funding platform is helping footwear companies raise money
The Italian footwear companies Fessura, DIS and Steve’s as well as dropout, a retailer of luxury apparel and sneakers, have in common that they are currently, or have been, raising funds through the Italian crowdfunding platform Mamacrowd, which is owned by the asset management company Azimut. Other companies working with ...
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News briefs
JD Sports maintains guidance in challenging market
JD Sports Fashion reported a better-than-expected 2 percent rise in half-year profit and held annual guidance amid a “challenging and volatile market.” The company reported profit before tax and adjusting items of £405.6 million (€487.2m) for the six months to Aug. 3, compared with £398 million a year earlier, ...
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News briefs
Saucony unveils new Gore-Tex collection
Saucony is launching a collection of its designs featuring Gore-Tex technology. This new collection features the Triumph 22, Kinvara 15, Grid Peak, Peregrine 14, Ride TR2 and Grid Shadow 2, each enhanced to offer superior waterproof protection and breathability in any weather condition. Saucony said in a statement that the ...
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News briefs
ANWR Garant Netherlands announces leadership change
Dennis Beute, the long-serving Managing Director of ANWR Garant Netherlands, has officially stepped down from his position as of Sept. 30, 2024, after 15 successful years with the company. During his tenure, Beute was instrumental in the merger of ANWR and Garant, acquiring the Sport 2000 license and developing e-commerce ...
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News briefs
US East Coast port strike ends
A strike affecting the ports of the US East Coast and the Gulf of Mexico was suspended after the International Longshoremen’s Association (ILA) union and the United States Maritime Alliance (USMX) reached a tentative agreement. “The International Longshoremen’s Association and the United States Maritime Alliance, Ltd. have reached a tentative ...
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News briefs
Lanxess exits the polymer business
Lanxess signed a contract to sell its Urethane Systems business to Japan’s UBE Corporation. The enterprise value amounts to €460 million with expected proceeds of around €500 million. With the transaction, the German specialty chemicals company exits the polymer business. The Urethane Systems business comprises five manufacturing sites globally as ...
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ArticleKizik enters distribution agreements in Japan and Canada
Kizik has entered distribution agreements in Japan and Canada as the US brand specializing in slip-on shoes continues to expand abroad. In Japan, it partnered with Marubeni Consumer Brands Inc. “We are grateful to be associated with one of the most important and exciting brands in my long-term experience ...
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News briefs
A long US port strike will impact supply chains
On Oct.1, about 45,000 unionized workers went on strike at ports on the US East Coast and in the Gulf of Mexico which handle about half of the US’ ocean shipping. The International Longshoremen’s Association (ILA) union, which represents dockworkers across 36 ports on the East Coast and the Gulf ...
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News briefs
Authentic Brands Group names a new head for Greater China
Authentic Brands Group (ABG) has hired Josh Perlman as Executive Vice President and Head of Greater China. He brings over 25 years of experience to the company, previously serving as the managing director at Tristate, where he was instrumental in signing and building brands such as Jack Wolfskin, Fila, Nautica, ...
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ArticleGerman fashion sales seen subdued over the next four years
The German fashion market has been on a path to recovery since 2022, but growth remains hampered by inflation, changing consumer behaviors and the rise of ultra-fast fashion. Annual growth is set to remain below 2 percent over the next four years, according to a report by IFH KÖLN in ...
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ArticleFirst Italian shoemaker obtains VCS sustainability certification
Corrado Maretto is the first Italian company to have obtained an environmental, social and governance (ESG) certification under the VCS (Verified & Certified Steps) program launched by Assocalzaturifici, the Italian footwear association. The company engaged in a self-assessment of its ESG performance using a software package designed by Spin360, a ...
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News briefs
LVMH buys a stake in Moncler key shareholder
LVMH, through a special purpose vehicle, has purchased a 10 percent stake in Double R, the investment vehicle controlled by Ruffini Partecipazioni Holding, which owns a 15.8 percent stake in Moncler, an Italian brand of premium down jackets. The financial terms of the deal were not disclosed. Under the terms ...
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News briefs
Zalando introduces ‘Zalando Partner’ to simplify partner services
Zalando has introduced “Zalando Partner,” a unified platform that simplifies and enhances its services for business partners. This initiative consolidates all partner-related offerings, including wholesale, partner programs, connected retail, marketing and logistics services, into a single, easy-to-navigate platform. According to Andreas Antrup, SVP of Partner Services, this move aligns with ...
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News briefs
Paul Green appoints an export manager
The Austrian footwear label Paul Green has created the new position of Head of Export as it looks to expand its international footprint. The company appointed the sector veteran Helmut Seidl to the role, starting Oct. 1. Seidl, 52, worked for nearly 35 years for the footwear group Gabor, ...
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News briefs
Leguano opens new store in Germany
The German barefoot footwear specialist Leguano continues to expand its retail network with the opening of a new store in Speyer, in the Rhineland-Palatinate region of Germany. Located at Maximilianstraße 72, the store opened on Sept. 14. The company also announced that a new outlet will replace the previous barefoot ...
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News briefs
Geox reviews US operations, to close New York office
Geox is winding down its US operation, according to Footwear News. Enrico Mistron, Geox’s CEO since March 2024, told the publication that the office in New York City will be closed and that the group is reviewing its business model in the US and will provide “visibility in a few ...
