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Archive for June, 2023

Next reportedly in talks to sell Reiss

The UK-based fashion retailer is reportedly considering selling its 51% stake in Reiss, in a deal that would value the British fashion brand at more than 500 million British pounds

According to Sky News, Next and its Reiss shareholder, Warburg Pincus,are working with bankers on an auction of the business. US investment bank Raymond James is reportedly overseeing the deal, which is already in its second rounds, “with a number of buyers circling”. The newspaper’s sources say that, overall, theclothing brand could be valued at in excess of 500 million British pounds(583.5 million euros).

Next tookmajority control of Reissin August 2022, when it increased its stake to 51% from the original 25% it had acquired in March 2021. The CEO of Next, Simon Wolfson, became chairman of Reiss following the purchase of the first stake, thus succeeding David Reiss, who founded his namesake brand in 1971.

2023: 06/21
CATEGORY: BUSINESS
TAGS: next
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Keen footwear lowers its prices

The Oregon-based footwear company is lowering its prices to give some relief to consumers in this inflationary environment

“On average, we are bringing prices down by 5% across the board. We believe we are doing the right thing to help people in this inflationary environment. We want people to continue to enjoy the outdoors and be able to go to work with safe shoes”, said John Evons, president of Keen, in an interview with CNN. Usually, its portfolio of products ranges between 36 US dollars for children’s shoes and 250 US dollars for adults.

The company explained to Footwear News that this price decrease is possible because it owns 40% of its supply chain, including sourcing, factories and distribution centres. So, with the supply chain stabilizing in the US, Keen was able “pass along the savings” and reduce prices for its customers.

“Most brands are reacting to consumers pulling back by offering increased promotions and not bringing the original product price down. This is unique, and it will be interesting to see if other companies follow suit”, commented Beth Goldstein, footwear and accessories analyst at the market research Circana, to CNN.

According to a survey conducted in January by Circana, 56% of consumers delayed or skipped a footwear purchase or chose a less expensive option in the past six months due to price increases on either footwear or other goods. In addition, households with children were reducing footwear spending more than those without children. Although price increases have been slowing steadily, in general, and for footwear too, prices are still higher than usual in several categories.

2023: 06/21
CATEGORY: BOOTS
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VF Corp opens new distribution centre in California

The US-based footwear group has announced the start of operations at its new distribution centre in Ontario, California. During peak periods, it will employ around 550 people

According to VF Corp, thenew 1.2 million square foot facility is the “largest and most efficient”within its global network of 46 distribution centres. Implemented in partnership with Vanderlande Industries, it has thecapacity to ship 485 000 units per day, twice the processing capacity and efficiency of a traditional distribution centre, and toprovide next-day e-commerce fulfilmentfor consumers in California, Nevada, Arizona and southern Utah. Initially, the centre will serviceVans and The North Face brands, but over time it is expected to include more house brands.

“We are proud to introduce VF’s largest and most efficient distribution centre to date. Servicing our consumers and customers is our number one focus andthis facility allows us to get our product to our consumers faster using technologically advanced equipment, which results in reduced lead times and increased efficiency in meeting consumer demands”, commented Cameron Bailey, EVP Global Supply Chain of VF Corp.

The group highlighted that the new facility was planned tosupport VF’s sustainability commitmentsby including features and systems that can help reduce the impact on the environment, and it was “designed with employee health and well-being in mind”, said Jon Watschke, Vice President, of West Coast Distribution Centre Transition. “The centre offers EV chargers, both indoor and outdoor restorative areas and features a robust fitness facility on-site to encourage health and wellness”, he added.

2023: 06/21
CATEGORY: BUSINESS
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Burberry reports full year revenue growth

The UK-based luxury group has posted a 10% rise in revenue during fiscal 2023 from the prior year, underlining a rebound in performance in the Mainland China in the fourth quarter

“I am very pleased with what we have achieved this year. We have delivered a strong financial performance, supported by good progress in our core leather goods and outerwear categories,with revenue accelerating in the fourth quarter as growth rebounded in Mainland China. Having appointed Daniel Lee as our new Chief Creative Officer, we have refocused our brand aesthetic and brought his new creative vision to life with a campaign and runway show that have been very well received. At the same time, wehave reorganised our supply chain, merchandising and digital teamsunder new leaders to drive our strategy forward”, commented Jonathan Akeroyd, Chief Executive Officer.

Full Year Results

In the twelve months that ended on the 1^stof April, Burberry’srevenueamounted to 3.1 billion British pounds (3.6 billion euros), reflecting a growth of 10% on a reported basis or 5% at constant exchange rates, as compared to the prior fiscal year.

The company’sretail channelsaw its sales increase by 10% or 6% at constant exchange rates, over fiscal 2023, generating 2.5 billion British pounds (2.9 billion euros), as compared to fiscal 2022, while thewholesale channelcontributed 543 million British pounds (633.9 million euros) to the total annual’s revenue, up by 23% as reported or by 22% at constant exchange rates.

The performance in China impacted directly retail results,with growth rebounding in the fourth quarter following the lifting of COVID-19 restrictions. InMainland China, Burberry’s comparable store sales decreased by 11% in the year, with comparable store sales rising only in the fourth quarter by 13% year-over-year. Thus, theAsia Pacific regionrecorded a full year growth of 2%, on a comparable basis to the previous fiscal year. Meanwhile, in theEMEA region, fiscal 2023 comparable store sales rose by 27% year-over-year, while in theAmericas region, it recorded a small decline of 3% year-over-year.

During the last fiscal year, the luxury company posted anattributable profitof 490 million British pounds, or diluted earnings per share of 126.3 pence, as compared to the 396 million British pounds, or diluted earnings per share of 97.7, reported over fiscal 2022.

2023: 06/21
CATEGORY: BUSINESS
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Spanish footwear exports increase in the first quarter

In the first three months of 2023, Spanish footwear exports increased by 21% in value due to the impact of inflation, but remained below pre-pandemic levels in volume terms

According to the General Bureau of Customs, in the first quarter of the year,Spanish footwear companies exportedclose to 42.4 million pairs of shoes, generating 910.8 million euros. These figures reflect anincreaseof 3.2% in volume and 21% in value, as compared to the same quarter of the prior year. Theaverage price per pairsold stood at 21.5 euros in this period.

The data also shows that, by value,Spain’s main destination marketswere France (up by 22.1%), Italy (up by 41.5%), Germany (up by 12.6%), Portugal (up by 25.1%) and the US (down by 2.5%).

Theincrease in prices, driven by high inflation,boosted the value of Spanish exports, but this growth has not been reflected in the number of pairs soldin this period; despite being higher than last year, thevolume of exports remains below pre-pandemic levels. So, when compared with the first quarter of 2019, the country’s footwear exports fell by 3.7% in volume but grew by 16.8% in value.

Concerningimports, in the first quarter of the current fiscal year, Spain purchased 93.5 million pairs of shoes, worth 1 225.4 million euros, up by 11.9% in volume and 29.6% in value, on a comparable basis to the first quarter of 2022; when compared with the first three months of 2019, Spanish footwear imports rose by 2.1% in volume and 45.6% in value.

Spanish Footwear Industry

The World Footwear 2022 Yearbook (more informationavailable HERE) indicates thatSpain is among the world’s top 10 exporters, and it is the 11^thbiggest importer of footwear worldwide. Mainly concentrated in Valencia, its footwear industry ranks among the world’s top 20 producers. In 2021, the industry recovered in large part from the previous year’s decline, with production and exports growing strongly.

2023: 06/21
CATEGORY: BUSINESS
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Average footwear prices expected to increase

In the latest edition of the World Footwear Business Conditions Survey, our panel members predicted an increase of 7.3% in footwear prices over the next six months. Get free access to the report with the main conclusions

The latest statistics on international trade in 2022 indicate apositive trend in global footwear importsduring the second half of the year. Despite the uncertain evolution of the global macroeconomic scenario, the economic growth forecasts are optimistic.

2023: 06/21
CATEGORY: BUSINESS
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Samuel Ross reimagines Timberland’s boot

Samuel Ross reimagines Timberland's boot

Samuel Ross, the founder of A-Cold-Wall, has collaborated on Timberland’s latest Future73 capsule collection, which invites designers to reimagine its iconic boot on the occasion of the brand’s 50th anniversary

The Timberland x Samuel Ross Future73 features a stripped-back version of the brand’s classic boot with minimal lines and zip closure and also reimagines the 3-Eye Lug Handsewn Boat Shoe in black ballistic nylon. In addition, it includes a range of archival apparel designs – including a hunting parka, cargo shorts, an insulated vest, crewneck sweatshirts and a knitted sweater, all finished with hand-dyeing techniques. Overall, the collection shows Ross’s signature touch, namely the creator’s reverence for craftsmanship and focus on the potential for function and ergonomics.

“My earliest memories of Timberland go back some 20 years when I was a child travelling around the Caribbean, where my family is from, and seeing the brand’s influence on the culture. In places like Barbados and St. Vincent, there is a deep respect for heritage and ensuring the sanctity of craftsmanship”, said Samuel Ross.

So, “the opportunity to work on a project surrounding the anniversary of the 6-Inch Boot immediately pulled a heartstring. “All the designs have a level of resistance applied to them; it is less about making fashion items than it is about making exceptionally well-made goods to be worn as functional utility tools for the body”, he added.

About A-Cold-Wall

Founded in 2015 by Samuel Ross, the British luxury brand takes an ergonomic approach to design, combining social consciousness with material innovation. The brand is then associated with modern and contemporary designs that often incorporate technical fabrics and innovative details.

2023: 06/21
CATEGORY: BOOTS
TAGS: boot
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Doucal’s Marks 50th Anniversary With ‘Mario’ Loafers at Pitti Uomo

Doucal's Mario loafers.

The men’s pack is progressively ditching sneakers in favor of dressier styles.

According to several buyers polled at Pitti Uomo, standout shoe designs included penny loafers, so it comes as no surprise that Marche, Italy-based brand Doucal’s is marking its 50th anniversary celebrations with the release of a timeless loafer.

“It’s been 50 years of consistency, it’s a great accomplishment for us and a guarantee for our clients,” said Gianni Giannini, founder, chief executive officer and creative director of the brand.

Marking the milestone, Doucal’s debuted the “Mario” loafers, its name paying homage to the company’s founder, Mario Giannini. A sleek design, it comes in a calfskin crust leather available four nuances including tan, blue, black, brown and yellow. The latter color also decks the sole and the memory foam footbed for extra comfort across all iterations.

2023: 06/20
CATEGORY: SHOES
TAGS: anniversary
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Olivia Wilde’s Casadei Platform Boots That She Wore to the Fashion Trust Awards Are on Sale Today

LOS ANGELES, CALIFORNIA – MARCH 21: Olivia Wilde attends the Fashion Trust US Awards at Goya Studios on March 21, 2023 in Los Angeles, California.

AXELLE/BAUER-GRIFFIN // GETTY IMAGES

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Olivia Wilde, a huge fan of Adidas’ Ultraboost 5.0 DNA shoes, is no stranger to effortless, laid-back style. However, she knows how to up the ante when it comes to red carpets. This is the case with her Fashion Trust Awards ensemble that consisted of long sleeve dress from Chloé’s fall/winter 23 and Casadei Rock Boots. Today, the Italian footwear label has a great 50% off deal on Wilde’s cool platform boots.

Inspired by the ‘70s, the Casadei Rock Boots are crafted in the finest Italian leather and feature abstract sculptural stitching. Additionally, with the shoe’s bold and somewhat daring design, these boots can toughen up any outfit with a cool, fashion-forward edge.

While Wilde made a case for pairing a glamorous, feminine frock with chunky boots, this isn’t the first time she has been spotted in the shoes. For example, for her Don’t Worry Darling press tour back in September, she attended The Late Show With Stephen Colbert donning the Casadei Rock Boots with a white cutout maxi dress. Also, during Paris’ fall 2023 fashion week, she was photographed wearing them on the city streets, paired with leather pants and a fur coat.

While Wilde is a fashion force to be reckoned with, she’s also known to dress for comfort, which makes us believe that the Casadei boots combine cool style and much-needed comfort (despite their 6-inch heel).

So before it’s too late, keep scrolling to shop Casadei’s Rock Boots for a fraction of the price, only on casadei.com.

Casadei Rock Boots

2023: 06/20
CATEGORY: BOOTS
TAGS: Adidas
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The 25 Best Platform Boots to Bring Your Style to New Heights

PARIS, FRANCE – MARCH 07: Caroline Daur is seen wearing a black Miu Miu bralette, Miu Miu shorts, black boots and a white Miu Miu bag with black Miu Miu sunglasses outside the Miu Miu show during Paris Fashion Week F/W 2023 on March 07, 2023 in Paris, France.

When it comes to the most sought-after boot trends of the season, evergreen silhouettes like classic ankle boots, winter boots, rain boots, and utilitarian-inspired women’s combat boots will always be in style. This season, though, we can only talk about the best women’s boots by highlighting the statement-making platform boots for women.

Platform boots are a wear-with-everything style. While they’ve been spearheaded by the likes of Versace and Saint Laurent, this year, designers have put fresh spins on the silhouette. For example, high-heeled platform boots were seen in many iterations on spring/summer 2023 and fall/winter 2023 shows at Louis Vuitton, Off White, and Paco Rabanne, to name a few. Additionally, the high street, naturally, followed suit with celebrities like Olivia Wilde at the Fashion Trust Awards and Emma Roberts at Saks Fifth Avenue’s New York Fashion Week Party, styling them in unexpected ways to show that they are more wearable than one might think.

If you want to stand apart from the crowd (or quite literally above the crowd), the platform boots trend will help you to do just that. This footwear style has been spotted in all corners of the world and was initially created to protect oneself and their clothing from the elements, including mud and dirt. The first platform shoes date back to the western world in the early 1930s, but it was in the 1970s that they became popular. Paired with flared hemlines, these were seen on men and women everywhere. In the 1990s and 2000s, the rebellious club kids turned to this footwear style by the masses. Some might call this a continuation of the “ugly” shoe trend, and we’re cool with that. Ugg’s classic ultra mini platform boot sells out moments after each re-stock, a clear sign this trend is here to stay.

Whether they’re toughening up dresses or updating your utilitarian aesthetic, this season’s edit of platform boots will give your wardrobe extra attitude. So, keep scrolling for our curated list of the best platform boots for women this season, including expert information about the biggest trends and platform boot outfit ideas to get you inspired and ready for the chilly days ahead.

Best Platform Chelsea Boots

Sizes: 4-13, including half sizes
Heel height: 1.2”
Materials: leather, suede, elastic (side panels)
Colors: all black, brown, all white, black with white, tan
Best for: Dressing down a wide leg trouser
Pros: Dear Frances pairs with nonprofits like Soles4Souls to ensure that for every pair of Dear Frances shoes purchased, a pair of shoes is sent to a person in needThere’s a reason the Dear Frances Tony boot is known as the “winter wardrobe hero.” Handcrafted in Italy from supple leather and fixed with a subtle platform, this boot transcends seasons. It’s easy to slip on and off, and like all Dear Frances shoes, comfort reigns supreme. Whether you’re sitting at your desk or bound to walk an average of 20K steps a day, these will secure your feet while giving any outfit a chic twist that will have every style lover coming up to ask who makes them. “Platforms are hugely important right now, much more so than this time last year, for example. However, they can also be a timeless option when the platform is subtle, and the pitch of the boot is just right,” suggests Frances. When investing in high-quality footwear, it’s vital to take good care of them as that will aid in their longevity. “Using your Dear Frances dust bag to keep your shoes clean and fresh. It’s also important to store leather shoes away from direct sunlight and away from any direct heat sources, such as winter radiators. If your boots get wet in the weather, no problem, but just be sure to air dry them before storing them in your wardrobe,” notes Frances.

2023: 06/20
CATEGORY: BOOTS
TAGS: best
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reporting on the latest in shoes industry , Sneaker & Boots trends, fashion news and celebrity style.Footwear-News.com

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Footwear News: reporting on the latest in shoes industry , Sneaker & Boots trends, fashion news and celebrity style.Footwear-News.com

Next reportedly in talks to sell Reiss

Keen footwear lowers its prices

VF Corp opens new distribution centre in California

Burberry reports full year revenue growth

Full Year Results

Spanish footwear exports increase in the first quarter

Spanish Footwear Industry

Average footwear prices expected to increase

Samuel Ross reimagines Timberland’s boot

About A-Cold-Wall

Doucal’s Marks 50th Anniversary With ‘Mario’ Loafers at Pitti Uomo

Olivia Wilde’s Casadei Platform Boots That She Wore to the Fashion Trust Awards Are on Sale Today

Casadei Rock Boots

The 25 Best Platform Boots to Bring Your Style to New Heights

Best Platform Chelsea Boots

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