All Shoe Intelligence articles in Volume 26, Issue 21+22
View all stories from this issue.
-
ArticleAsos’ loss widens as sales fall by 16% like-for-like
In the full year ended Sept.1, Asos’ adjusted revenues fell by 16 percent like-for-like to €2.896 billion (€3.450bn), in line with the guidance given in September. On a reported basis, the top line was down by 18 percent to £2.906 billion. The gross margin dipped to 43.4 percent from 44.2 ...
-
PDF NewsletterShoe Intelligence Executive Edition: Vol. 26 - 21+22
C-Suite interview - Trade shows have to speak the same language as exhibitors | NeroGiardini sets its sights on the Far East | Nice Footwear buys two Italian shoemakers | Mec Europa launches a training academy | Ferragamo issues a profit warning | Dune London’s parent company posted a full-year loss | Birkenstock starts direct sales in South Korea | C-Suite interview: Xero Shoes looks to US wholesale, Europe for growth | Gabor appoints a new Head of Wholesale | Capri and Tapestry’s merger blocked by a US court | Deckers raises guidance as Hoka continues to shine in better-than-expected Q2 | VF Corp.’s turnaround continues to take shape | Skechers sees India rebound as China stumbles in Q3 | Crocs cautious on FY sales outlook as Heydude recovery drags on, China growth slows | Rocky Brands sees FY sales falling to low end of guidance | Boot Barn raises FY guidance as the CEO prepares to leave | Pajar Canada buys Cougar Shoes | Boohoo appoints a new CEO snubbing Frasers | Zalando swings to a third-quarter profit | Primark sees 2025 sales up by about 5% | How an Italian 3D scanner manufacturer has stormed the footwear industry
-
ArticlePrimark sees 2025 sales up by about 5%
Primark is targeting a mid-single-digit sales growth rate in the fiscal year ending in September 2025 as it continues to open stores in growth markets in Europe and the US and to focus on an increase in like-for-like sales in more mature markets. ”This will be supported by investment in ...
-
News briefs
Nike has appointed a new Chief Diversity Equity and Inclusion Officer
Nike has promoted Kizmet Mills to Chief Diversity Equity and Inclusion Officer, effective Nov.11. She will take over from James Loduca, who announced his departure from the company in a LinkedIn post, citing family reasons, after 18 months in the role. Mills will work close to the new CEO, Elliot ...
-
ArticleZalando swings to a third-quarter profit
Zalando posted a net profit of €44.3 million in the third quarter of 2024 against a net loss of €8.2 million a year earlier, driven by higher revenues and operating profits. The gross merchandise volume (GMV) rose by 7.8 percent to €3.5 billion and revenues increased by 5.0 percent to ...
-
Article
Mec Europa launches a training academy
Mec Europa Due, an Italian producer of luxury footwear based at Verolanuova, south of the town of Brescia, inaugurated a training academy called l’Accademia delle Arti e dei Mestieri. The academy will provide theoretical and on-the-job training. “The initiative is aimed at preparing new employees and younger workers to ...
-
News briefs
BasicNet’s 9-month Ebitda dips by 9%
BasicNet, the Italian parent of Kappa, Robe di Kappa, Superga and Sebago, realized a 9.1 percent decline in nine-month Ebitda to €40.6 million from €44.7 million a year earlier. Nine-month Ebit slipped by 16.4 percent to €26.9 million. Consolidated nine-month revenues declined by 0.5 percent to €296.1 million from ...
-
News briefs
Soex files for bankruptcy
The textile and shoe recycler Soex has filed for bankruptcy amid increased competition from Asia and following the demise of its traditional markets in Eastern Europe. The Reinbek Local Court accepted the application and appointed attorney Matthias Wolgast of the Münzel & Böhm law firm as provisional administrator. The restructuring ...
-
News briefs
ANWR Group appoints a new head of logistics
ANWR Group has appointed Marcel Couturier as General Manager Retail Services & Fulfillment to lead its logistics and wholesale team. He took up his new role on Nov. 1 and reports directly to the executive board and Chief Commercial Officer Tobias Eichmeier. The 41-year-old brings extensive brand and ...
-
ArticleDune London’s parent company posted a full-year loss
Dune Topco, the parent company of the British footwear retailer Dune London, posted a loss in the full year ended Jan. 27, 2024, due to a difficult business environment. In the full year, sales were virtually unchanged, rising to £142.0 million (€169.4m) from £141.5 million the previous year, with like-for-like ...
-
ArticleBoohoo appoints a new CEO snubbing Frasers
On Nov. 1, Boohoo appointed Dan Finley as its Chief Executive Officer with immediate effect. Finley is the CEO of Debenhams, Boohoo’s “fast-growing” digital department store. He will replace John Lyttle, who is stepping down after five years with the British fast fashion online retailer. Boohoo made the announcement after ...
-
ArticleNice Footwear buys two Italian shoemakers
Nice Footwear has bought two shoemakers, Corrado Maretto and Dyva. Both companies specialize in luxury women’s footwear and are located in the footwear cluster of Riviera del Brenta in Italy’s northeastern region of Veneto. The terms of the deals were not released but the lender Banca Popolare di Sondrio partially ...
-
ArticleRocky Brands sees FY sales falling to low end of guidance
Rocky Brands expects sales for the full year to come in at the low end of its $450 million to $460 million guidance range, down slightly from the $461.8 million reported last year, following a decline in third-quarter sales and amid expectations it will not be able to completely make ...
-
News briefs
Wolverine Worldwide appoints a new head for the Active Group
Wolverine World Wide, Inc. has appointed Susie Kuhn as President of its Active Group, effective Oct. 28. She will oversee Wolverine’s key Active Group brands – Merrell, Saucony and Chaco – focusing on brand strategy, consumer engagement, and commercial performance. Reporting directly to the CEO, Chris Hufnagel, Kuhn will also ...
-
ArticleCrocs cautious on FY sales outlook as Heydude recovery drags on, China growth slows
Crocs Inc. posted better-than-expected results in the third quarter ended Sept. 30, but management acknowledged that a turnaround at its Heydude brand is taking longer than expected, and it has become more cautious on prospects for China this year. As a result, the company now anticipates full-year sales growth at ...
-
ArticleNeroGiardini sets its sights on the Far East
After the opening of its first shop in South Korea in March 2023, NeroGiardini inaugurated a second store in the country in September 2024 as part of its strategy of expanding in the Far East. The new shop was opened in the Lotte Department Store Myeongdong Main Branch, in the ...
-
News briefs
Next hikes its profit guidance again
Next said that in the 13 weeks to Oct. 26, corresponding to its third quarter, full-price sales were up by 7.6 percent year-on-year and 2.6 percentage points ahead of its guidance. “We believe the strong performance was driven by the early arrival of colder weather this year, versus an unusually ...
-
News briefs
Prada’s 9-month sales rise 18% in local currencies
In the first nine months of 2024, Prada Group’s net revenues rose by 15 percent year-on-year to €3,829 million. At constant exchange rates, the top line grew by 18 percent, driven by a near doubling in Miu Miu’s sales. Retail sales were also up by 15 percent at actual exchange ...
-
ArticleBoot Barn raises FY guidance as the CEO prepares to leave
Boot Barn said it was off to a “solid start” in its fiscal third quarter and raised its guidance for the full year in the wake of better-than-expected results for the second quarter ended Sept. 28. The strong showing came as Jim Conroy, the CEO and President, announced he was ...
-
News briefs
Yue Yuen sees full-year net profit up by 140-145%
Yue Yuen expects its attributable net profit to increase by 140 percent to 145 percent in the first nine months of 2024, compared to the $137.7 million posted a year earlier. In the first half of 2024, the world’s largest footwear manufacturer saw the profit attributable to company owners grow ...
