All Shoe Intelligence articles in Volume 26, Issue 23+24 – Page 4
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ArticleSteve Madden fast tracks plan to cut Chinese production
Steve Madden said it is accelerating plans to reduce its reliance on manufacturing in China, amid expectations that Donald Trump will follow through on his pledge to slap hefty tariffs on imports from China after being re-elected on Nov. 5 to a second term as president of the United States. ...
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ArticleWolverine lifts its FY guidance
In the third quarter of 2024, Wolverine Worldwide, Inc (WWW) posted an operating income of $35.2 million, up by 29 percent from $27.3 million a year earlier. The gross margin soared by 4.50 percentage points to 45.3 percent from 40.8 on lower supply chain costs and end-of-life inventory sales. Net ...
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News briefs
StockX has a new CEO
StockX has announced that Scott Cutler has chosen to step down as Chief Executive Officer effective Dec. 31, 2024. The board has selected Greg Schwartz, the company’s co-founder, President & COO, as his replacement. Cutler, who is one of StockX’s earliest investors and served as an advisor to the company ...
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News briefs
Brazil expects to produce over 900 million pairs of shoes in 2025
Brazilian footwear manufacturers expect to produce more than 900 million pairs of shoes in 2025, thus returning to levels last seen before the Covid-19 pandemic hit the country in 2020. In 2019, the country produced 898 million pairs. Due to the disruption caused by Covid-19-related lockdowns, footwear production dropped to ...
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ArticleRussian footwear retailers suffered a drop in traffic
The average consumer traffic in Russian footwear stores dropped by 10 percent during the summer months, Focus Technologies, a Moscow-based think tank, reported. Several factors are likely contributing to this trend, including the end of the rebound effect on the market following the turbulence in 2022 and growing competition, according ...
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ArticleHigher US tariffs could sharply impact Chinese footwear imports
Proposals by President-Elect Donald Trump to increase US trade tariffs could significantly curtail footwear exports to the country, especially those from China, according to a survey carried out by Trade Partnership Worldwide for the US’ National Retail Federation (NRF). The survey analyzed six widely purchased consumer goods including footwear. The ...
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ArticleJimmy Choo’s sales rise and operating loss diminishes
In the fiscal second quarter ended Sept. 28, Jimmy Choo, the luxury footwear brand owned by Capri Holdings, posted revenues of $140 million, up by 6.1 percent on a reported basis and by 5.3 percent on a constant currency basis compared to the prior year driven by the wholesale channel. ...
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ArticleStuart Weitzman’s sales rise driven by North America
Stuart Weitzman, the premium footwear brand of the US fashion group Tapestry, posted sales of $53.7 million in the fiscal first quarter ended Sept. 28, up by 2 percent year-on-year both on a reported basis and at constant currency rates, as growth in North America offset “softness” in Greater China. ...
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ArticleGolden Goose’s sales rise by 12% at constant exchange rates
In the first nine months of 2024, Golden Goose’s net revenues rose by 12 percent at constant exchange rates to €466 million, driven by direct-to-consumer (DTC) sales and the Europe, Middle East and Africa (EMEA) business region. The premium Italian sneaker brand achieved 49 percent of its revenues in EMEA, ...
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ArticleGrendene's Q3 revenues jump 10% despite decline in exports
Grendene’s gross revenues in the third quarter of 2024 grew by 10.0 percent compared to the year earlier to reach 926.5 million reais (€149.6m), fueled by the strength of its domestic market despite a consumption scenario the company said continues to be challenging. The group’s domestic sales rose by 13.2 ...
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News briefs
Bär and Joe Nimble have become independent companies
The shoe companies Bär and Joe Nimble have separated with retroactive effect. The comfort shoe brand Bär and running shoe brand Joe Nimble, which were previously managed under Bär GmbH, have been operating as independent companies since July 1. The separation was the result of a decision by the brothers ...
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News briefs
Bally appoints a new CEO
The Swiss luxury brand Bally has appointed a new CEO, just months after its acquisition by the US investment firm Regent. Ennio Fontana took the helm of the company succeeding Nicolas Girotto, whose resignation was announced a few weeks ago. Girotto had been in the position since 2019. ...
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News briefs
Alpargatas posts a Q3 profit
In the third quarte of 2024, the Brazilian group Alpargatas reported a net income of R$57.3 million reais (€8.8m) against a loss of R$8.5 million a year earlier. The gross margin widened by 7.10 percentage points year-over-year to 47.7 percent as total sales increased by nearly 16 percent to ...
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ArticleAllbirds signs distribution agreements for Europe and Latin America
Allbirds has signed agreements with distributors in Europe and Latin America as part of the expansion of its international distributor model. Effective July 1, 2025, Chris Sports will be the exclusive Allbirds distributor across Austria, France, Germany, Italy, Liechtenstein and Switzerland. Chris Sports, founded 30 years ago, is based in ...
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News briefs
Vulcabras’ profit rises 35 percent in Q3
For Vulcabras, the Brazilian footwear group, net income increased by 35 percent to 172.2 million Brazilian reais (€27.3m) as Ebitda margin expanded by 0.90 percentage points to 25.1 percent in the quarter ended Sept. 30. Gross margin inched up by 0.20 percentage points to 43.1 percent from 42.9 percent. Shipped ...
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ArticleBFShow expects over 10,000 visitors
BFShow, the trade show promoted by the Brazilian footwear association Abicalçados in partnership with NürnbergMesse Brasil, will hold its third edition in São Paulo from Nov. 11 to 13 with the presence of 330 footwear brands and 238 exhibitors. The organizers said that they have invited 160 foreign buyers from ...
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ArticleLloyd Shoes changes name to Lloyd Lifestyle
The German shoemaker Lloyd Shoes has changed its name to Lloyd Lifestyle GmbH, reflecting the brand’s new direction, the company announced. The name change follows the acquisition by Swiss sports and lifestyle firm Arklyz AG and mirrors the company’s’ new strategic direction. “This change reflects the company’s strategic shift ...
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News briefs
Vagabond appoints a new CEO
A new CEO is taking the helm of the Swedish footwear brand Vagabond Shoemakers after a major change in the company’s structure earlier this year. Fredrik Ohlsson is taking up the position of Chief Executive Officer on Nov. 11, succeeding Anders Odén, who announced his resignation last spring after ...
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ArticleWeyco sales slump amid lower demand, warm weather
Weyco generated sales of $74.3 million in the third quarter of 2024, down by 12 percent compared to the year earlier, driven by sharp declines in the wholesale business for its Nunn Bush, Stacy Adams and Bogs labels amid soft consumer demand as consumers made cuts in discretionary spending. Net ...
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