All Article articles – Page 165
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Vivarte plans to sell André and Merkal
Confirming previous reports, the new management of Vivarte, the largest French group of shoe and apparel retail chains, announced a few days ago that it intends to sell two of its chains of shoe shops, André in France and Merkal in Spain, in addition to the Pataugas brand of footwear ...
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Flat market conditions in Germany, aside from sneakers
The German shoe industry recorded a 6.7 percent increase in revenues to €2.8 billion in 2016, according to its trade association, HDS/L. The increase was driven by the domestic market, where the industry's sales rose by 8.3 percent to €2.2 billion, but HDS/L's officials said that this was mainly due ...
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Austria’s Vögele Shoes files for insolvency
Schuh & Schuh PKTS, the Austrian shoe retail chain that was formerly known as Vögele Shoes, filed for insolvency proceedings at the local court of Feldkirch at the end of January. The move affects 49 stores in Austria and 241 employees. The list of creditors includes 330 entities.The company said ...
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Bally establishes a new creative team
Bally has announced the departure of Pablo Coppola, its creative director. Coppola had joined Bally as design director in February 2014. Prior to that, he had worked for Dior, Tom Ford, and Céline. From now on, design at Bally will be entrusted to a “creative collective” including three design heads, ...
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Eram will leave Belgium
Eram has announced that it will divest entirely in Belgium. The French shoe retailer will eventually shut down all its stores in the country, which have a total staff of around 130. Eram had announced a restructuring plan, in October 2016, which would have entailed the loss of 70 jobs ...
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Smart packaging can bring big benefits
Many shoe companies that source their products from Asia have started to reconsider the packaging process even before the latest increases in Asian paper prices (see the previous article in this issue) in order to cut costs as well as carbon emissions, offsetting in part the rising labor wages in ...
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More shoe brands show in Berlin
There were more than 200,000 visitors at the rising number of fashion-related trade shows that took place during the Berlin Fashion Week from Jan. 17 to 19, or 11 percent more than a year ago. Those that featured shoe brands were Bright, Seek, Premium and Panorama.More than 50,000 people visited ...
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New look, new high-end brands for theMicam
Five big luxury brands – Gucci, Fendi, Salvatore Ferragamo and Tod's – have agreed to exhibit at theMicam, the world's largest shoe show, for the first time in a long time, if ever before. It's not sure what they will present, but they will have a space in a new ...
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Lloyd has a new deal in China
As reported by Shoe Intelligence one year ago, Lloyd signed an exclusive distribution contract for ten years with Kingwood in China in 2015. Kingwood is also the exclusive Chinese distributor for Gabor, Sioux and Zilli, a French luxury brand. Lloyd previously had a distribution contract with a Hong-Kong-based company, Fairton.As ...
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Jimmy Choo posts higher sales, helped by the weak pound
Jimmy Choo has announced a 15 percent jump in sales to £364 million (€290.9m-$340.5m) for the full year to Dec. 31, 2016, helped by the weak pound and sales growth in Asia and Europe. At stable currency exchange rates, the sales increase was of 2 percent.Retail revenues were up by ...
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Tod’s decline softens
Tod's says it improved its sales performance in the fourth quarter of last year by focusing on “iconic and evergreen products” during the fall/winter season. Nevertheless, the trend remained negative, with quarterly sales down by 1.5 percent year-on-year to €246.3 million during the period, but representing a sharp upturn as ...
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Yoox Net-A-Porter posts double-digit sales growth
Yoox Net-A-Porter (Ynap) reported a 11.4 percent increase in fourth-quarter revenues to €538 million. At constant exchange rates, the increase was 19.2 percent. Growth was driven by sound performance across all business lines and solid growth in all key regions. Full-year revenues increased by a reported 12.4 percent for 2016, ...
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Gucci’s “reinvention” drives Kering’s growth
Strong sales increase on a comparable basis of 25.5 percent at Gucci and 12.7 percent at Yves Saint Laurent helped the Kering group to book an overall sales increase of 8.1 percent last year, the strongest one since 2012. On a reported basis, sales grew by 6.9 percent to €12.38 ...
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Sabu enters the Netherlands
Sabu, the German shoe retailers' cooperative, has created a subsidiary in the Netherlands. The new company, Sabu Schoen & Marketing, is based in Heel and run by Stephan Krug, chief executive of Sabu Schuh & Marketing, the parent company in Germany, and by Richard Brekelmans. Entering a challenging new market, ...
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Ugg’s parent performs less than expected
Deckers Brands' net profit for the third quarter ended Dec. 31 sank by 73.9 percent from the same period a year earlier, down to $41 million, due to lower sales and extraordinary charges of $128.9 million related to a write-down of the Sanuk brand's goodwill and intangible assets, retail impairments ...
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Ferragamo resumes its growth
Salvatore Ferragamo reported a 4 percent year-on-year increase in fourth-quarter sales to €424 million, compared with a 1.7 percent rise in the third quarter, which was itself a reversal of the negative trend registered in the first half. At constant currency rates, fourth-quarter sales grew by 1 percent. The company ...
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The GDS leaves the place to Gallery Shoes
As we have reported in our last issue, there will be no longer a GDS fair in Düsseldorf. Igedo Company, which has taken over the management of the traditional German shoe show, has renamed it as Gallery Shoes and set new, later dates for the fair to turn it more ...
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Ivanka Trump is still in the headlines
President Donald Trump stood up for his daughter Ivanka a few days ago, criticizing Nordstrom for its decision to stop selling products bearing her name in its department stores this season. Using a White House Twitter platform and noting that she has been “always pushing me to do the right ...
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Office's profits hit by Truworths’ takeover
Office, one of the major shoe retail chains in the U.K, reported sales of 387.8 million pounds (€456.3m-$488.1m) for its latest financial year, ended last June 26. Thirty percent were made in the previous fiscal year because the duration of the reporting period was extended by an extra 22 weeks ...
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LVMH performs well but warns investors
All the three major French luxury groups – LVMH, Kering and Hermès International – have reported improved results for the fourth quarter of 2016 and the year as a whole. Judging also from the more positive results recorded by footwear specialists like Salvatore Ferragamo and Tod's (other articles on them ...
