Shoe Intelligence
Published since 1999, Shoe Intelligence by EDM is the leading international business publication on the non-athletic footwear market focusing on brands, manufacturers, retailers and suppliers.
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ArticleWeyco's key brands rise sharply, relaunch of Forsake planned for next year
Weyco Group reported double-digit sales increases for each of its four major footwear brands in the second quarter ended June 30, prompting total revenues to rise by 29 percent to $74.4 million from $57.6 million a year earlier. The group’s brands Florsheim and Stacy Adams saw their sales rise by ...
ArticleWeyco sales nearly double in Q1
Weyco Group’s revenues reached $81.4 million in the first quarter ended March 31, a record for the period and nearly double the $46.9 million seen the year earlier, when the Covid-19 pandemic heavily impacted sales. Revenues were 10 percent higher than the first quarter of 2019, ahead of the health ...
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Supply bottlenecks in German retail sector worsen again; cycling products particularly affected
According to a survey by the research institute Ifo, supply problems in German retail have worsened again in February. In February, 76.3 percent of overall retailers said they did not receive all the goods they ordered. A month earlier, the figure was 57.1 percent. The situation is particularly tight for ...
News briefsKamik with new CEO
Gillian Meek has been hired as the new CEO of Kamik, a family-owned Canadian company. Meek was previously president of Keds, a brand of canvas sneakers and leather shoes owned by Wolverine Worldwide. Meek was part of Wolverine’s senior leadership team. She is also a member of Women in Footwear ...
ArticleEU suggests new rules to combat deforestation and promote circular economy
The European Commission has adopted three new initiatives proposing rules to curb deforestation, facilitate intra-EU waste shipments, promote circular economy, and tackle the export of waste to third countries.
ArticleInventory overload affects Rocky Brands’ Q3
In the period ended Sep. 30, U.S. footwear company Rocky Brands reported “temporary fulfillment challenges” and a doubling in operating costs to $44.2 million. The increase in expenses was driven primarily by integrating the brands The Original Muck Boot Company, Xtratuf, Servus, NEOS and Ranger acquired in March for $230 ...
ArticleWeyco sees improvement in supply situation in Q4
The U.S. group Weyco enjoyed a rebound in sales and earnings in the third quarter of 2021, but bottlenecks in the supply chain caused delays in the delivery of merchandise from suppliers and hurt the sales of its outdoor brand Bogs. In October, however, the company began to see an ...
ArticleAllbirds files for IPO but remains loss-making, plans to open up new apparel categories
Allbirds, the B Corporation-certified San-Francisco-based footwear and apparel brand, has filed with the U.S. Securities and Exchange Commission for an initial public offering. The document lists the size of the transaction at $100 million, which is an estimate used only to set the registration fee of $10,910. Allbirds was last ...
ArticleWeyco sees potential in Forsake, benefits from renewed dress shoe demand
Glendale, Wisconsin-based Weyco Group reported net sales of $57.6 million in the group’s second quarter of 2020, which ended June 30, compared with $16.6 million a year earlier, when sales were severely impacted by the pandemic outbreak. Sales were down about 5 percent from the second quarter of 2019, with ...
ArticleWeyco suffers but sees acceleration in outdoor sales and wholesale orders
Weyco continued to suffer from the impact of the Covid-19 pandemic in the opening months of 2021. Still, the company enjoyed an acceleration in wholesale orders in the latter part of the first quarter and a strong performance in Australia.
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Shipping company Maersk sees tight market conditions until Q4
The world’s largest container shipping company Maersk expects tight market conditions in maritime transport to continue until the fourth quarter of 2021. When commenting on its trading performance, the company said that “the continued strong performance is mainly driven by the continuation of the exceptional market situation with surging demand ...
News briefsAllbirds releases open-source version of its Carbon Footprint Calculator
On April 22, with the celebration of Earth Day, U.S. shoe manufacturer Allbirds will release an open-source version of its Carbon Footprint Calculator on freethefootprint.com.
ArticleItalian tanners issue warning about rising raw material costs
The Italian tanners’ association, Unic, is warning about the “destabilizing” impact of a sharp increase in the price of raw materials.
ArticleVietnam predicts $20 billion in leather and footwear exports in 2021
Vietnam’s Leather, Footwear and Handbag Association (Lefaso) expects its industry to achieve exports of more than $20 billion this year after suffering from a decline last year due to the impact of the Covid-19 pandemic on supply chains, consumption and trade.
News briefsDelays in Covid-19 vaccinations could cost EU €123 billion
According to credit insurance company Euler Hermes, the delay that the European Union is experiencing in its Covid-19 vaccination campaign may cost the bloc €123 billion in lost economic activity in 2021. According to the company, the EU is currently seven weeks behind its vaccination program, compared with a five-week ...
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The French government may authorize additional clearance sales periods
The French government is studying the possibility of additional clearance periods to help companies, such as apparel and footwear retailers, to eliminate stocks accumulated during Covid-19-related lockdowns.
