All Shoe Intelligence articles in Volume 26, Issue 19+20 – Page 2
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News briefs
Tod’s hires John Galantic as CEO
Tod’s has appointed John Galantic, the former head of Chanel, as CEO. He replaces Diego Della Valle and his brother Andrea who were co-CEO and remain as chairman and vice chairman, respectively. The management shakeup comes after the luxury goods company went private in June. Earlier this year, Crown Bidco, ...
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ArticleThorogood launches a women’s work boot collection
Thorogood, a US brand of work boots owned by Weinbrenner Shoe Company, has launched a women’s work boot collection. Meanwhile, the group has broken ground for a new manufacturing site. “Built on the same safety standards and superior quality that customers have come to expect from Thorogood boots over the ...
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ArticleSteve’s seeks to raise up to €300,000 in crowd funding
Steve’s, an Italian producer of sustainable premium sneakers, is seeking to raise between €100,000 and €300,000 in a crowdfunding campaign through the Mamacrowd platform. Founded in 2022 in Turin by Giulia Gandini and Filippo Gandini, Steve’s produces sneakers made from Appleskin, a material produced from the skins and cores of ...
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ArticleGabor deploys two Magazino robots in its warehouse
In order to automate the shoe picking process, Gabor Shoes has deployed in its warehouse in Mindelheim, Germany, two Toru robots produced by Magazino, a subsidiary of Jungheinrich, a Hamburg-based provider of logistics equipment and solutions. The aim of the collaboration between Gabor and Magazino is “to automate a key ...
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News briefs
Puma hires a new CFO
Puma has appointed Markus Neubrand as its Chief Financial Officer and a member of the management board, effective Oct. 1, succeeding Hubert Hinterseher, whose contract will end by mutual agreement on Dec. 31. Neubrand will oversee finance, investor relations, legal, IT and business solutions at the German sportswear group. He ...
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ArticleH&M posts disappointing Q3 results
H&M Hennes & Mauritz posted lower-than-expected third-quarter results and cut its full-year guidance. The Swedish fashion retailer said that in the quarter running from June 1 to Aug. 31 net sales fell to SEK 59.011 billion from SEK 60.897 billion a year earlier but were flat in local currencies. It ...
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ArticleFrench clothing and footwear retailers have underperformed since 2019
Between 2019 and 2023, turnover in volume terms in the French clothing and footwear retail sector increased by 0.7 percent, significantly lagging the retail sector as a whole, which rose by 7.8 percent over the period, according to France’s national statistics office, Insee. Sales volumes were flat for apparel between ...
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ArticleDeichmann interested in acquiring rights for Esprit footwear
Deichmann expressed interest in acquiring the trademark rights of the shoe division of the bankrupt fashion company Esprit. A spokesperson for the German footwear retailer confirmed the ongoing negotiations, adding that the offer only pertains to Esprit’s footwear trademark rights – which it sees as a valuable addition to its ...
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ArticleUS online sales seen up over 8% during the holiday season
During the holiday season, running from Nov. 1 to Dec. 31, online sales in the US are expected to rise by 8.4 percent year-on-year to $240.8 billion, according to an estimate released by Adobe. The previous year, US shoppers spent $221.8 billion online, up by 4.9 percent. Shopping on mobile ...
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News briefs
Lowa appoints a new Marketing Director
Lowa, the German manufacturer of mountain, outdoor and everyday footwear, has hired Ulf Michels as Head of Marketing. He took up the role at the beginning of September and succeeds Michael Frank, who left the company at the end of 2023. Michels, 45, brings extensive experience in marketing ...
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News briefs
Italian regulator probes Shein for allegedly misleading sustainability claims
The Italian antitrust agency, AGCM, has launched an investigation into Infinite Styles Services CO. Limited, a Dublin-based company that manages the Italian website of the Chinese fast fashion group Shein, for allegedly misleading information regarding the “environmental sustainability” of the retailer’s clothing. The agency believes that some content included in ...
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ArticleFootasylum posts record sales and earnings
Footasylum posted record results in the fiscal year that ended on Jan. 27, 2024. Revenues rose by 7 percent to £319.5 million (€382.2m) for the British footwear retailer. The top line was driven by online sales, which grew by 15 percent to £134.9 million, or 42.2 percent of overall revenues, ...
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ArticleOnline shopping remains popular in Germany
Online shopping remains popular among German consumers, with nearly 30 percent of purchases made online, a figure which has not changed since the height of the Covid-19 pandemic in 2020, a survey from Postbank showed. According to the “Postbank Digital Study 2024,” which surveyed 3,171 people in the country, ...
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News briefs
German economy under increasing pressure
In September, the business climate in Germany decreased to 85.4 from 86.6 in August, marking the fourth consecutive month of decline, according to the latest survey released by think tank Ifo. The figure was below economists’ expectations of a reading of 86.1 for the month. “The German economy is coming ...
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ArticleEQT sells Dunlop Protective Footwear
The EQT Mid Market Europe fund, managed by the Swedish private equity firm EQT, has agreed to sell its majority stake in Dunlop Protective Footwear to Gilde Equity Management. No financial details were released. Dunlop is a leading global manufacturer of protective wellington boots, sold via distributors to mainly professional ...
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News briefs
Nike names Elliott Hill as CEO
Elliott Hill will become the President and Chief Executive Officer of Nike, effective Oct. 14, 2024. Hill will also become a Director of Nike’s board of directors and a member of the executive committee. He replaces John Donahoe, who will retire from his role as President and CEO and ...
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ArticleSkechers faces challenging conditions in China
Skechers is facing “challenging” conditions in China and that could result in a “disappointing” performance in the country in the second half of the year. The US footwear company however declined to provide a forecast regarding its performance in China. In the first half of 2024, Skechers’ sales in China ...
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News briefs
Deckers carries out a six-for-one share split
Deckers Brands carried out a six-for-one share split to make the ownership of its stock more affordable and attractive to a broader group of investors. The share split was approved by shareholders on Sept. 6 and shares started trading on a post-stock split adjusted basis on Sept. 17. ...
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News briefs
UK clothing and footwear sales surge in August
In August, retail sales volumes for clothing and footwear rose by 2.9 percent month-on-month for clothing and footwear stores in the UK thanks to warmer weather and end-of-season sales, according to an initial estimate by the Office for National Statistics (ONS). Overall, British retail sales volumes are estimated to have ...
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News briefs
Cambodian footwear exports up 22% in first 8 months of 2024
Cambodia exported $9,217 million worth of garments, footwear and travel goods in the first eight months of 2024, up by 22.8 percent from a year earlier, according to the General Department of Customs and Excise. Garments and textiles exports were up by 23 percent to $6,814 million, footwear grew by ...
