All Shoe Intelligence articles in Volume 26, Issue 19+20 – Page 4
-
ArticleMicam attracts over 9,000 brands
Micam will host 932 brands at its forthcoming edition, scheduled from Sept 15 to 17, with 475 labels coming from Italy and 457 from abroad, mainly Spain, Turkey, Brazil, Portugal, and Germany to present their footwear collections for the 2025 spring/summer season. The exhibition, which will be held at the ...
-
News briefs
German shoe chain Gero Mure files for bankruptcy
The German shoe chain Gero Mure has filed for bankruptcy as rising costs, online competition and the lingering effects of the Covid-19 pandemic put a strain on footwear retail. Around 40 employees across six stores – two in Mannheim’s Planken shopping street, two in Baden-Baden, and one each in ...
-
News briefs
Boohoo to supply US clients from the UK
Boohoo will cease supplying US customers from its distribution center in Pennsylvania and will fulfill all orders from its automated distribution center in Sheffield, England. “This move follows a recent trial of increasing the product range offered to US consumers by also fulfilling from the UK, which has led to ...
-
ArticleInditex’s H1 sales growth outpaces costs
In the first half ended July 31, Inditex posted sales of €18.1 billion, up by a reported 7.2 percent and by 10.2 percent at constant exchange rates, with store openings in 34 markets bringing the group to a total of 5,667 stores. The top line outpaced operating expenses, which increased ...
-
News briefs
Tapestry reportedly plans to sell Stuart Weitzman
Tapestry is close to selling Stuart Weitzman, according to various media reports. Giorgio Sarné, the CEO of the footwear brand, is set to leave his position but will remain in his job until October, according to Footwear News citing Tapestry. Along with Stuart Weitzman, Tapestry owns Coach and Kate Spade ...
-
News briefs
JD Sports shuts down large distribution hub in Derby
JD Sports Fashion has decided to shut down its warehouse on Derby Commercial Park, East Midlands, BBC News reported. The closure will result in the loss of nearly 200 jobs. The retailer had signed a 20-year lease on the 47,700 square meter facility just three years ago.
-
ArticleMoscow continues to drive the Russian fashion market
Moscow and St. Peterburg remain the key drivers of the Russian fashion market, local officials indicated. Over the past three years, Moscow saw a 46 percent surge in the turnover of stores selling clothes and shoes, Natalia Sergunina, Moscow’s Deputy Mayor, recently revealed. Moscow’s fashion industry currently comprises 12,800 firms, ...
-
ArticleAssocalzaturifici names a new General Manager
Assocalzaturifici, the Italian association of shoemakers, has appointed Giorgio Possagno as General Manager. The position had been vacant since the departure of Tommaso Cancellara on April 5, 2022. Source: Assocalzaturifici Giorgio Possagno Aged 53, Possagno started his career with the tyre maker Pirelli, where he worked at ...
-
ArticleGenesco maintains earnings guidance despite better-than-expected Q2 performance
Genesco said it was maintaining its earnings guidance for its 2025 fiscal year, even though its top and bottom line performance exceeded expectations in the second quarter as it continued to make progress with the turnaround of its Journeys division. Management still anticipates adjusted earnings per share (EPS) of $0.60 ...
-
ArticleGolden Goose H1 sales up by 12% driven by DTC
At constant exchange rates, Golden Goose posted a 12 percent year-on-year increase in first-half net revenues to €307 million driven by its direct-to-consumer (DTC) business. DTC net revenues grew 18 percent to €226.8 million, accounting for 73 percent of the top line, compared with 70 percent a year earlier, thanks ...
-
News briefs
Scarpa mourns the loss of Filippo Zanin and Francesco Favilli
Filippo Zanin and Francesco Favilli, a marketing specialist and a brand manager of the mountain category at Scarpa, passed away on Sept. 3 while climbing the south face of the Marmolada in the Italian Dolomites. Zanin, 36, and Favilli, 44, were expert mountaineers and rock climbers, both well-known in ...
-
News briefs
Givenchy names Sarah Burton as Creative Director
The French fashion house Givenchy, which is owned by the French luxury goods conglomerate LVMH, announced the appointment of Sarah Burton as Creative Director, with immediate effect. Burton will be responsible for the creative direction of all of the women’s and men’s collections. She will present her first collection in ...
-
News briefs
Gucci may return to growth in H2 of 2025
Gucci is likely to be stuck in its turnaround for a while due to a tough luxury-demand environment and the time it will take for new products to ramp up, according to the broker RBC Capital Markets. Gucci is not expected to return to revenue growth until the second half ...
-
ArticleAgra’s footwear cluster produces 45 tonnes of waste daily
The Indian city of Agra generates 45 tonnes of footwear waste every day, according to the New Delhi-based Centre for Science and Environment (CSE) which has put forward a string of recommendations to improve waste management especially among informal shoe manufacturers. Agra is home to the Taj Mahal, and as ...
-
ArticleShoe Carnival converts some stores to the Shoe Station banner
Shoe Carnival’s management said it is switching some of its Shoe Carnival stores to the Shoe Station banner, which caters to a higher price target and was one of the drivers of its better-than-expected financial results in the second quarter of its 2024 fiscal year. As part of a testing ...
-
News briefs
Aerosoles hires Jimmy Gabriel as Chief Brand Officer
Aerosoles has hired the industry veteran Jimmy Gabriel as President and the newly created job of Chief Brand Officer. “I’m thrilled to announce the next chapter of my journey with American Exchange and Aerosoles! Excited to work with such an incredible company and a team of talented, driven, and inspiring ...
-
News briefs
Allbirds carries out a 1-for-20 reverse stock split
Allbirds proceeded with a 1-for-20 reverse stock split for its Class A common stock and Class B common stock. The reverse stock split was carried out to bring the Californian footwear company into compliance with the minimum bid price requirement for continued listing on the Nasdaq Global Select Market. Allbirds’ ...
-
News briefs
Hanwag expands its German sales team
The German hiking and mountaineering boot manufacturer Hanwag, part of Fenix Outdoor AB, has expanded its German sales team for the fall and winter season. Daniel Amerkamp was appointed Regional Sales Manager for southern Bavaria and will focus on strengthening partnerships with retailers and supporting local customers, Hanwag said. ...
-
News briefs
Ecco hires a head of wholesale for Central Europe
Marc Martin took on the role of Head of Wholesale Central Europe at the Danish footwear and leather group Ecco. In his new position, Martin is responsible for overseeing wholesale operations in the DACH region (which comprises Germany, Austria and Switzerland) and in the Netherlands. Martin previously worked for ...
-
News briefs
Esprit closes all German stores
The fashion brand Esprit will close all 56 of its stores in Germany by the end of the year, resulting in the loss of approximately 1,300 jobs in retail and at the headquarters in Ratingen, the German press agency DPA reported. Parent company Esprit Europe GmbH, along with six ...
