All Shoe Intelligence articles in Volume 26, Issue 9+10
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PDF NewsletterShoe Intelligence Executive Edition: Vol. 26 - 9+10
US Q1 footwear sales flat year-on-year | FDRA calls on US president to remove duties on Chinese footwear imports | Austrian footwear retail under pressure but Deichmann enjoys steady growth | Miu Miu x New Balance sneaker ranked hottest fashion item in Q1 | European Chemical Agency apologizes for misleading claims on leather goods | Theo Henkelman Footwear buys Bullboxer trademark rights for Europe | Josef Seibel launches its one brand concept in Europe | Görtz moves to new headquarters | Majo-Schuhe takes over three MyShoes stores | JD Sports to buy Hibbett for about $1.1 billion | FitFlop picks Ryder as its logistics provider in North America | Dr. Martens urged to undergo a strategic review | How an iconic Italian footwear brand went from rags to riches | Golden Goose’s revenues rise 11% in Q1 | Prada Group’s sales driven higher by Miu Miu | C-Suite interview: Palmroth plans to double its sales in three years | Tamaris plans to expand its Russian store network | Russia claims to have virtually eradicated illegal footwear sales | Russia’s Ekonika enjoys a strong start to 2024 as it doubles the size of its stores | US regulator moves to block Tapestry’s acquisition of Capri | Vida Shoes signs a licensing agreement for Merrell, Saucony kids footwear | Skechers raises sales, profit guidance for 2024 as wholesale sales recovery kicks in | Rocky Brands’ Q1 sales lifted by Durango and Xtratuf | Steve Madden’s Q1 sales lifted by Europe | Crocs names a new head for Heydude | Allbirds urged to bolster its share price by Nasdaq | Keen introduces a hiking shoe with a lifetime guarantee regarding delamination | VF expands its partnership with GMG | Levi’s to exit the footwear business | Black Yak collaborates with SK, Dongsung for a sustainable trekking shoe | Hyosung to build a bio-BDO factory in Vietnam as part of a $1 billion investment plan | Cirql launches a fully recyclable midsole made from 30% recycled TPU | Novoloop’s pilot plant for recycled plastic comes on stream in India | H&M and Inditex accused of allegedly using unethical Brazilian cotton | How Fibbl aims to reduce returns, increase conversion rates with 3D models, AR technology | Ludwig Görtz dies at 89
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News briefs
LVMH could take over Tod’s
LVMH could end up taking over Tod’s after the footwear company is delisted, according to the British bank Barclays. With the purpose of delisting Tod’s from the Milan stock exchange, L Catterton, a private equity firm backed by the French luxury goods group, launched on March 25 a public ...
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News briefs
Zalando posted an operating profit in Q1
Zalando said that adjusted Ebit in the first quarter rose to a positive €28.3 million, representing a margin of 1.3 percent, compared to a negative €0.7 million in the prior-year period. “The substantial improvement in profitability was driven by lower fulfilment costs and successful inventory management, leading to an improved ...
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News briefs
Lowa's 2023 sales slip slightly
Lowa’s production volume was stable in the past financial year despite weaker market demand and delays due to introducing new IT systems in production. In its 100th year, the German hiking and mountaineering boot specialist, part of the Italian Tecnica Group, sold around 3.06 million pairs of shoes, roughly the ...
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News briefs
JD Sports opens a store in Bahrain in partnership with GMG
JD Sports Fashion has marked its entry into the Middle East with the inauguration of a new store located at Bahrain’s Marassi Galleria Mall, a beachfront shopping destination. Operated under a franchise agreement with GMG, the 504-square meter store will offer customers access to the latest releases from a diverse ...
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ArticleFitFlop picks Ryder as its logistics provider in North America
FitFlop has picked Ryder as its supply chain and logistics provider to support its grow in the US and Canada. The British brand’s American logistics operations are located within Ryder’s newly built 700,000-square-foot multiclient warehouse facility in Columbus, Ohio. The company also provides FitFlop with e-commerce and omnichannel fulfillment services ...
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ArticleJosef Seibel launches its one brand concept in Europe
Starting with the autumn/winter 2024/2025 collection, Josef Seibel is streamlining its business with the one brand concept through which all its goods in Europe will be sold under the eponymous brand name. At the end of 2019, the German footwear company announced that it was selling the trademark rights to ...
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ArticleTecnica Group is working on a 5-year business plan
Tecnica Group is working a on five-year business which could lead to an initial public offering, according to the Italian newspaper Il Sole 24 Ore. In 2023, the Italian group, which owns the brands Tecnica, Nordica, Blizzard, Lowa, Moon Boot and Rollerblade, posted sales of €540 million and adjusted Ebitda ...
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ArticleRussia’s Ekonika enjoys a strong start to 2024 as it doubles the size of its stores
Ekonika, a major Russian footwear retailer, enjoyed a 51 percent rise in revenues during the first two months of 2024, on higher sales volumes following the launch of a new store format. Sergey Sakrisov, the Vice President of Novard, the parent company for Ekonika, noted that contrary to the past ...
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News briefs
Otto opens new headquarters in Hamburg
The German mail order company Otto has opened its new headquarters in Hamburg. The company invested over €100 million in the project. “Over a five-year construction period, a warehouse built in 1969 was transformed into a state-of-the-art New Work environment. In future, a total of 1,600 workstations, 170 meeting ...
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ArticleCard payments are increasingly popular in Germany
Card payments are becoming more and more popular in Germany. Last year, cashless transactions in the country reached record levels, with sales in brick-and-mortar retail exceeding €300 billion, a survey from the EHI research institute showed. Payment habits changed significantly during the Covid-19 years, and the shift largely persisted ...
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News briefs
Clarks’ CEO steps down
After two years in the job, Jonathan Ram has stepped down as the chief executive officer of Clarks. The British footwear group said that Ram had decided to leave to “pursue other opportunities” and thanked him for his “leadership and contribution to Clarks over the last two years.” According to ...
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News briefsNext warns on Q2 but confirms FY guidance
Next said first-quarter sales came in ahead of forecasts and maintained its guidance for the full year but warned that the next three months would be weaker due to wet spring weather. Full-price sales in the thirteen weeks to April 27 were up by 5.7 percent year on year, slightly ...
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News briefs
Hoka opens a store in Paris
Hoka is reinforcing its European retail presence with the opening of its first Parisian address. The new store is located at 35 Boulevard des Capucines, in a 140-square meter space formerly occupied by footwear label Bally, at walking distance from the historic Opéra and not far from the busy shopping ...
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News briefs
Columbia names a vice president for the Sorel brand
Columbia Sportswear Company announced that Michael Minter joined the company as Sorel’s vice president, brand, effective April 29. Minter has spent nearly 20 years in creative and marketing leadership roles for brands such as Sanuk, Billabong, Keen, DC, and Reef. Along with the Sorel brand, the group owns the labels ...
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News briefs
Denmark to ban PFAS in clothing and footwear
The Danish government has unveiled plans for a national ban on the use of per- and polyfluoroalkyl substances (PFAS) in clothing, footwear and sealants. “The proposed ban is a crucial step towards reducing emissions and will significantly benefit Denmark’s environment. It also sends a clear message internationally about the ...
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ArticleSteve Madden’s Q1 sales lifted by Europe
In the first quarter of 2024, Steve Madden posted a 19.1 percent growth in revenues to $552.4 million. Almost Famous, the business the group bought in October 2023 to expand its apparel business, contributed $41 million in revenues during the quarter. Excluding Almost Famous, revenues rose by 10.3 percent. Steve ...
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ArticleVida Shoes signs a licensing agreement for Merrell, Saucony kids footwear
Wolverine Worldwide has inked two new global licensing deals as part of its strategic evolution into a brand-focused growth entity. Vida Shoes International will take on the role of global licensee for Merrell and Saucony kids footwear under the first agreement. This partnership grants Vida rights to these products across ...
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ArticleRocky Brands' Q1 sales lifted by Durango and Xtratuf
Bolstered by double-digit sales increases for its Durango and Xtratuf footwear brands, Rocky Brands reported a 2.2 percent jump in first-quarter revenues to $112.9 million from $110.4 million. Excluding Servus, a brand divested in March, sales rose by 7.6 percent year-over-year. First-quarter wholesale sales were $79.8 million compared to $80.1 ...
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ArticleUS Q1 footwear sales flat year-on-year
In the first quarter of 2024, sales revenue for the US footwear industry remained unchanged year-over-year at $9.1 billion, while volumes rose by 1 percent, according to Circana. “The footwear market turned a corner in Q1,” said Beth Goldstein, footwear and accessories analyst at Circana. “After four consecutive quarters of ...
