All Article articles – Page 140
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Momad Shoes becomes ShoesRoom by Momad
Spain's national shoe show, Momad Shoes, will be changing its format and venue. Somewhat like Gallery Shoes, the new German shoe show that has replaced the big GDS, the future Spanish shoe show will feature smaller, simpler and less expensive modular stands. Like the new show in Düsseldorf, it will ...
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Russia’s biggest shoe producer boosts output
Unichel, which ranks as the biggest shoe manufacturing company in Russia, is targeting the production of 2,150,000 pairs of shoes this year, 9 percent up as compared to last year, thanks to contracts signed with new wholesale buyers from Russia and Kazakhstan.In response to a growing demand for injection-molded footwear, ...
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Is the sneaker boom going to last?
More than 80 percent of the German people aged 25 to 44 stated that they are wearing sneakers, according to the German arm of YouGov, a market research institute, which conducted a survey on this popular product among 3,873 people aged 18 and over in the country.Interestingly, however, the ratio ...
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Brazil exports less, targets China
Brazil's footwear exports declined by 10.7 percent in volume and by 12.0 percent in value in the first nine months of 2018. They went down to 78.9 million pairs worth $700 million, despite the ongoing devaluation of the local currency against the dollar.Higher exports to Argentina, which became the biggest ...
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Caleres buys Vionic
Caleres, the parent company of the Famous Footwear chain previously called Brown Shoe Company, continues to make acquisitions in the brands segment of its business, this time adding a proprietary comfort technology that will be integrated into its product design, brand development and global sourcing infrastructure.The latest prey is the ...
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Kendall + Kylie shoes move from Marc Fisher to Pajar Canada
Pajar Canada has taken on the footwear license for two well-known American fashion and TV celebrities, the sisters Kendall and Kylie Jenner, who are part of the ubiquitous Kardashian family clan. Pajar obtained the global rights for Kendall + Kylie footwear from its previous licensee, Marc Fisher Footwear, last month, ...
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StockX comes to Europe with fresh cash
Started in Detroit just two years ago as a marketplace for rare, second-hand sneakers, StockX has secured funding of $44 million from GV and Battery Ventures, with the stated purpose of expanding its business in international markets.The company, which provides a marketplace for verifiably authentic sneakers, has just launched an ...
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CCC unveils new strategies
Partly supported by acquisitions and stronger online sales, CCC Shoes & Bags' total revenues grew by 11 percent to the equivalent of about €590 million in the first nine months of this year.Its management outlined the direction in which the fast-growing company is going during a recent presentation to investors. ...
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LVMH performs well, despite China worries
LVMH reported a 14 percent increase on a comparable basis in the sales of its Fashion and Leathergoods division for the third quarter of 2018. This was one percentage point higher than the increase posted in the previous quarter and two points better than what financial analysts had expected.Strong brands ...
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More Chinese and U.S. visitors at Micam
The world's largest footwear trade show closed its 86th edition last month with a total of 45,424 visitors, slightly down from the levels of September 2017, but up from last February, when Micam Milano coincided with the Chinese New Year.The numbers supplied by the organizers show a 4.3 percent increase ...
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Naples will host the World Footwear Congress
The 20 national shoe industry associations that form the Confederation of the European Footwear Industry (CEC) have agreed to hold next year's World Footwear Congress in Italy, the country with the largest and most sophisticated production apparatus on the continent. Micam, the world's largest footwear trade show, will be the ...
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Mixed data for Spanish shoe exports
Spain's footwear exports grew by 1.2 percent in value in the first six months of this year, reaching €1,393.5 million. The country's trade deficit in the sector, which had first emerged in the first half of 2017 (Shoe Intelligence Vol. 19 N° 17+18 of Sept. 14, 2017), was slightly reduced ...
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Foreign markets drive Skechers to new heights
Skechers USA has seen its shares rise by as much as 8 percent after posting profits that beat estimates. Although the footwear maker's net income fell by 1.7 percent from the year-ago quarter to $90.7 million, this was significantly higher than the level anticipated by Wall Street. Investors also welcomed ...
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Serafini sees light at the end of the tunnel
Serafini, one of the first Italian shoe manufacturers to have come out with classical sneakers, is apparently coming out of a difficult period, after completing a cleanup of its domestic distribution network to reposition the brand toward more upmarket retailers.Avoiding the stylish excesses of new Italian sneaker brands such as ...
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Italy’s exports grow faster than expected
Italy's shoe production declined by an estimated 1.2 percent during the first half of this year, according to the country's shoe industry association, Assocalzaturifici. While the Italian households' consumption retreated by 1.6 percent during the period, the country's shoe exports went up by 4.0 percent in terms of value.Exports declined ...
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Farfetch gets a high valuation
The 10-year-old internet marketplace for luxury brands and retailers fetched a particularly high valuation of more than $5.8 billion when it went public on the New York Stock Exchange on Sept. 25, although the company is still making losses. Evidently, investors felt that it will be a very profitable company ...
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Online growth and squeezed margins for Footasylum
Footasylum, the British sneaker-focused retailer, saw Ebitda swing into negative territory with a loss of £1.5 million (€1.7m-$2.0m) for the 26 weeks ended on Aug. 25 from a profit of £4.4 million in the year-ago period, in spite a 19 percent sales increase to £98.6 million (€112.1m-$128.4m).The company blamed the ...
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Marthalouisa.com goes under
It is said that “a soufflé cannot rise twice,” and this certainly seems to apply to the shoe industry. After a short and unsuccessful foray back into the luxury shoe market, Susanne and Christoph Botschen have wound up their Martha Louisa website after only six months.Their initiative was described as ...
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Kering plans to move some logistic staff from Switzerland to Italy
Kering has announced that its Luxury Goods International (LGI) subsidiary will move about 150 of its employees from the Cadempino headquarters in Switzerland to the facilities of individual brands or other group offices in Italy within the first half of 2019. LGI is the Swiss-based company that manages the distribution ...
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Po-Zu is moving to the next level
An older shoe company, Po-Zu went through a successful round of crowdfunding earlier this year, raising more than it expected on the strength of its persistent message of sustainability. Sven Segal, who founded the company in 2006, says he is very happy that this message is finally beginning to resonate ...
