All Shoe Intelligence articles in Volume 26, Issue 9+10 – Page 2
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Article
European Chemical Agency apologizes for misleading claims on leather goods
Following the complaint of the European leather and footwear industries, the European Chemical Agency (ECHA) formally apologized for wrongly conveying the impression that leather goods or footwear have possible cancer-causing properties because of the use of chromium VI (Cr VI), the Confederation of National Associations of Tanners and Dressers of ...
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News briefs
Hooijer Footwear Group takes over DACH sales for Spanish footwear company Toni Pons
The Dutch distribution and wholesale company Hooijer Footwear Group continues to expand its brand portfolio by taking over the distribution of Spanish shoemaker Toni Pons in Germany, Austria and Switzerland, collectively known as the DACH region. Hooijer was already responsible for the distribution of Toni Pons’s shoes in the ...
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News briefs
US court hearing on Tapestry, Capri merger due Sept. 9
Jennifer Rochon, a US District Judge for the Southern District of New York in Manhattan, has set Sept. 9 as the date for the hearing regarding Tapestry’s proposal to acquire Capri Holdings, according to Bloomberg. On April 22, the US Federal Trade Commission (FTC) decided to sue to block Tapestry’s ...
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News briefs
Hue diversifies into footwear
Hue, the New York-based womenswear brand, is expanding into footwear with the launch of a new line of shoes, “Liflats”. The collection is set to hit the market in April 2024. Liflats will retail from $119 to $139.
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News briefs
Birkenstock opens its first flagship store in India
Birkenstock has opened its first flagship store in India. Spread over 1,600 square metres, the store is located in E-278, Durga Chambers, Linking Road, Mumbai. “We are thrilled to announce the opening of our first flagship store in India, marking a significant milestone in our commitment to the Indian market,” ...
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News briefs
Skechers expands its presence in Belgium
Skechers opened its first store in Brussels in Rue Neuve. The 5,270-square-foot store houses the US brand’s footwear, apparel and accessory collections. With the planned openings in Kortrijk and Bruges, the brand will have seven stores in Belgium by mid-May.
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ArticleSkechers raises sales, profit guidance for 2024 as wholesale sales recovery kicks in
Skechers expects its sales will rise to between $8,725 million and $8,875 million in its 2024 financial year, up by 9 to 11 percent compared to the previous year, after wholesale sales posted a recovery in the first quarter and momentum continued in its direct-to-consumer (DTC) business. The guidance is ...
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ArticleMiu Miu x New Balance sneaker ranked hottest fashion item in Q1
The collaboration sneaker between the Italian fashion Miu Miu and New Balance was the first quarter’s “hottest product” in the fashion industry, according to the Lyst Index. Miu Miu, which is owned by Prada Group, also became the hottest fashion brand in the quarter overtaking its sister brand Prada, according ...
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News briefs
Zvelle discontinues women’s footwear
The Canadian footwear brand Zvelle will discontinue its women’s collection to focus solely on men’s shoes. Founded by Elle AyoubZadeh in 2016, the brand started with women’s shoes and diversified into men’s shoes a year ago.
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News briefs
Lowa Austria hires new sales manager
The German mountain, outdoor and everyday footwear manufacturer Lowa has hired a new Head of Sales for its Austrian business. Footwear expert Bernd Fürthbauer, who took up the role at the beginning of April, will be responsible for developing and implementing sales strategies. The 46-year-old has many years of experience ...
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ArticleGörtz moves to new headquarters
The Hamburg-based shoe retailer Görtz is leaving its current headquarters in the Hanseatic city’s Semperhaus on the Spitalerstraße, on the fourth and fifth floors of the historic Kontorhaus district building, and moving to a new, smaller location following a downsizing of its workforce. The new headquarters are located a ...
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News briefs
Hermès’ sales beat market expectations
Hermès’ revenues amounted to €3,805 million in the first quarter of 2024, up by 12.6 percent at current exchange rates and by 17.0 percent at constant exchange rates from the previous year with growth in all geographical areas. The top line beat market expectations by about €120 million. Sales of ...
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News briefs
Deckers creates the role of president of global marketplace
The US company Deckers Brands, owner of a portfolio of brands including Ugg, Koolaburra, Hoka, Teva, Sanuk and Ahnu brands, has promoted Marco Ellerker to the newly created role of president of global marketplace, effective Aug. 1, 2024. Ellerker has served in various operational roles at Deckers since 2017, most ...
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News briefs
Veja opens a store in London
The French sustainable sneaker brand Veja has inaugurated its first store in London in the Seven Dials district. Nestled at 45 Monmouth Street, the 140-square-meter boutique showcases the brand’s footwear collection, complemented by an onsite cobbler station for sneaker and shoe repairs and cleaning services, catering to all brands. Veja ...
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ArticleMajo-Schuhe takes over three MyShoes stores
The family-run company Majo-Schuhe has acquired three stores from the footwear retailer MyShoes, a spokesman for the latter’s parent company Deichmann said, according to media reports. The takeover of the stores in Bad Vilbel, Friedrichsdorf and Groß-Gerau, in the Rhine-Main area, secures the jobs of 44 of the employees ...
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ArticleTheo Henkelman Footwear buys Bullboxer trademark rights for Europe
The Dutch footwear group Theo Henkelman Footwear has acquired the trademark rights to Bullboxer in Europe. The move marks the end of months of uncertainty for the Dutch brand, after in February the previous parent company, Unlimited Footwear Group (UFG), filed for bankruptcy. With the acquisition of the ...
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News briefs
Zegna weighed down by Thom Browne
Ermenegildo Zegna’s revenues stood at €463.2 million in the first quarter, up by 8.1 percent year-on-year. The top line was up by 10.7 percent at constant currency but fell by 5.3 percent on an organic basis. Revenues for the Zegna segment amounted to €324.9 million, up by a reported 1.7 ...
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News briefs
Diadora’s sales totaled €304m in 2023
Diadora’s sales totaled €304 million in 2023, a year during which the Italian brand terminated some commercial partnerships to focus on its core categories: running, tennis and soccer. Sales for the core categories were up by 16 percent compared with 2022, according to the daily Il Sole 24 Ore. The ...
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ArticlePrada Group’s sales driven higher by Miu Miu
In the first quarter of 2024, Prada Group’s revenues rose by 11 percent to €1,187 million, driven by the Miu Miu brand and beating market expectations by nearly €50 million. At constant exchange rates, the top line was up by 16 percent. Retail sales totaled €1,071 million, up by 12 ...
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ArticlePrimark’s sales, earnings rise
A strong rise in half-year profits at Primark helped Associated British Foods (ABF), the parent company of the fast-fashion retailer, lift its annual earnings guidance. Primark’s revenues rose by 7.5 percent to £4.5 billion (€5.23bn), while adjusted operating profit – the company’s preferred measure – was 46 percent higher at ...
