All Footway articles – Page 2

News briefs

Nordic countries weigh on Footway’s results

2022-10-17T08:52:00Z

Habit.se reports that Swedish e-commerce company Footway Group posted an operating loss of SEK 13.5 million (€1.2m) in the third quarter, compared with SEK 0.8 million (€72,700) in the corresponding period last year. Overall, the company posted sales of SEK 261.6 million (€23.8m) in the third quarter – SEK 76.3 ...

News briefs

​Streetwear e-com specialist recruited by J.Lindeberg

2022-08-10T07:58:00Z

Habit.se reports that Andreas Koschnike is joining J.Lindeberg as the brand’s new e-commerce manager. He leaves streetwear retailer Caliroots, which he founded with Per Norell in Stockholm in 2003. In 2004, Caliroots launched its online store. In 2020, the company, by now also comprising the sneaker stores Six Feet Down, ...

News briefs

Footway reports loss in Q2

2022-07-14T07:02:00Z

According to an article in Swedish trade publication ehandel.se, e-commerce company Footway Group closed its second quarter with a loss of nearly SEK 27 million (€2.54m). The company’s sales also fell by SEK 100 million from SEK 387 million last year to SEK 282 million (€26.57m) in the second quarter ...

News briefs

Record loss for Footway in Q1

2022-05-31T08:43:00Z

After the company’s profit warning in March due to supply chain problems and decreased demand, the Swedish Footway Group has now published its Q1 financial report. The Ebit result landed at -71.2 million Swedish kronor (€-6.8m), compared to a loss of SEK -12.8 million in the first quarter of the ...

News briefs

Footway receives new capital

2022-04-27T06:58:00Z

The Swedish Footway Group has received new equity capital, according to ehandel.se. The company secured about SEK 127 million (€12.2m) gross, about 85 percent of the SEK 150 million the company had initially hoped to raise. Just over SEK 100 million (€9.6m) came from real estate investor Rutger Arnhhult, who ...

News briefs

New top manager and new ambitions for Footway

2021-11-25T16:59:00Z

Indicating that it may develop into a marketplace for other retailers, the Swedish-based Footway Group announced the recruitment of a top manager from the H&M Group, Daniel Claesson, to serve as chief commercial officer, starting next Jan. 1. He acted most recently as chief product office at the H&M Group, ...

Article

Footway’s new online platform has teething problems

2021-02-04T12:13:00Z

Last April’s acquisition of Sportamore and the Swedish group’s growing internationalization expanded the number of visitors and customers on its numerous websites across Europe, but reduced its profitability last year. With the inclusion of Sportamore for the last two months of 2020, the Swedish online shoe retailer reported a jump ...

News briefs

Footway widens e-commerce for its brands to 24 markets

2020-11-03T15:50:00Z

Footway, the international Swedish-based shoe e-tailer, has launched a new integrated internet platform for all its operations including Sportamore, the sporting goods e-tailer that it recently acquired, widening its presence to a total of 24 markets all over Europe. The platform also houses a couple of house brands, Hoppe and ...

Opinion

Opinion: The short- vs long-term perspective of retail recovery

2020-09-01T14:20:00Z

Guest Article by Magnus Ohlsson The pandemic has led consumers to shift interests and behavior for now, but not necessarily forever. This also means that short-term gains and losses should not be translated into an everlasting future. It is important to take into the equation the brand performance of the ...

News briefs

Footway replaces Sportamore’s CEO with an integration specialist

2020-08-13T14:02:00Z

Johan Ryding is leaving as chief executive of Sportamore, the Swedish-based online sports retailer, following the company’s acquisition by another Swedish e-tailer, Footway, in the spring, as part of the integration process. Henrik Martin took over his place as interim CEO on Aug. 12. Described as an integration specialist, Martin ...

Article

Footway wants to buy a streetwear specialist

2020-06-11T12:54:00Z

The Footway Group, the increasingly international Swedish online shoe retailer that recently agreed to merge with Sportamore, wants to create a leading platform for e-commerce in sports and fashion by also acquiring an online retailer of streetwear and sneakers, Californian Roots, or Caliroots for short. Caliroots has been undergoing a ...

News briefs

Footway’s bid for Sportamore has succeeded

2020-04-20T13:24:00Z

The tender offer launched by Footway for Sportamore has been accepted by 95.9 percent of the Swedish sports e-tailer’s shareholders. Footway, a more international-oriented online shoe retailer, is paying a total of 439 million Swedish kronor (€40.4m-$43.9m) for Sportamore. Because of its de-listing from the Nasdaq Stockholm exchange, the publication ...