All Article articles – Page 173
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A slimmer GDS starts tomorrow
The summer edition of the GDS shoe show will run in Düsseldorf from tomorrow for three days with a total of 740 brands, down from 800 a year ago. Tag it!, the simultaneous private label show, will have 170 exhibitors. With its Studio, Highstreet and Pop Up areas, the GDS ...
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New top management for Josef Seibel
Sylvia Klemens and Uwe Decker will be the new joint chief executives of Josef Seibel and its Romika Shoes subsidiary. Together, they will manage the sales, marketing and product development division for all the brands belonging to the Josef Seibel group. Klemens worked previously for Peter Kaiser and Waldläufer, where ...
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Kingmaker weighs retail pullout
Like the much larger Yue Yuen group, the Kingmaker Group is involved in the shoe manufacturing business as well as in retailing in China. Announcing a new management and a big drop in its shoe retailing sales, the Hong Kong-based company said it will review the retail business this year, ...
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New managers for Merrell and Royer
Rob Griffiths, 51, has been appointed by Wolverine Worldwide as the new general manager of Merrell for Europe, the Middle East and Africa (EMEA). After working for Stylo Instep, Ellesse, Umbro, Bench and Esprit, Griffiths joined Wolverine at the end of 2013 as vice president and general manager of its ...
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European online sales have grown by more than 13%
Online sales in Europe grew by 13.3 percent in 2015, reaching €455.3 billion. About 43 percent of Europeans now shop online, and only 16 percent of them have made cross-border purchases. According to E-commerce Europe, the European online sales confederation, which hosted its annual conference in Barcelona on May 30, ...
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Genesco’s profit up 7%
Genesco, the parent company of Journeys, Schuh, Lids Sports and Johnston & Murphy, reported earnings of $10.6 million for the quarter ended April 30, an increase of 7.1 percent over the year-ago quarter. Revenues decreased by 2.0 percent to $649 million, partly due to the divestiture of the Lids Team ...
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DSW revises guidance down after a disappointing quarter
DSW has revised down its sales and profits projections for the full year after posting lower-than expected results for the quarter ended April 30. The U.S. footwear retailer now forecasts revenue growth of between 6.0 to 7.0 percent instead of 8.0 to 10.0 percent. In addition, the gross margin is ...
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New international structures for Aldo
Aldo Shoes has decided to drop its former territorial franchising and licensing system to develop its international store network, as it did not work out as it wanted. It is going for an omni-channel strategy in a bid to double its sales outside North American in the next few years, ...
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Birkenstock is upgrading all sales procedures
Birkenstock launched what a spokesman calls a “quality offensive” on the sales front at its international sales meeting in Dresden a few days ago, as it continues to move from a production-driven company to a market-driven brand.After investing tens of millions of euros on the product and the supply chain, ...
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Atom buys Shoemaster + Molina & Bianchi
Italy's Atom Group announced in recent days agreements to acquire controlling interests or full ownership in two other major suppliers to the footwear industry, Molina & Bianchi and Shoemaster, in line with a strategy to integrate the various stages of the manufacturing process for a more automated shoe factory of ...
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Anatomic develops a “sociable shoe”
Anatomic & Co., the Brazilian brand of English-designed, comfortable men's shoes, is rebranding and repositioning itself as “the world's most sociable shoe.” Ghetz, the U.K.-based company that markets the line in Europe, the U.S. and other markets around the world, is going to offer an application that allows the wearer ...
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Bata shows progress in sustainability and moves to an annual reporting cycle
Bata has announced that from 2016, it will move to an annual reporting cycle on its sustainability efforts, and will work toward aligning information with the internationally recognized framework developed by the Global Reporting Initiative. Meanwhile, the company has released its second Sustainability Review, which covers 2014 and 2015. The ...
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Shoe Carnival delivers another strong quarter
Shoe Carnival posted another strong quarter, with sales increasing by 3.0 percent to $260.5 million and comparable store sales up by 2.7 percent - the seventh consecutive quarterly increase for the American shoe retail chain.Revenues were driven by continued strength in athletic footwear, along with unseasonably warm temperatures, which boosted ...
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Athleisure drives Belle’s expansion
Comparable store sales declined by 16 percent at Belle International's footwear stores in China, but they grew by 5.5 percent at its sports stores in the first quarter ended May 31, confirming that the global athleisure trend is talking hold in the country.For its full financial year, ended in February, ...
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The authentic French “Charentaise” wants a place in the market
The three remaining French producers of the “Charentaise,” the typical felt slipper with a distinctive silhouette, made with the stitch-and-turn process and other artesanal methods in the Charente and Dordogne regions of France, applied last February to obtain a controlled label of origin for their locally made products, based on ...
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Carlo Pazolini may be close to bankruptcy
Alfa Bank has reportedly asked the Moscow arbitration court to formalize the bankruptcy of Carlo Pazolini. According to Vedomosti, a Russian business newspaper, the debt of the footwear retailer with the bank is estimated at around $50 million. The action was undertaken by the bank back in March against Anta, ...
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Boot Barn’s profits tumble
Boot Barn's revenues increased by 45.0 percent to $149.5 million for the quarter ended March 26, 2016 compared with the corresponding quarter in 2015, but the American shoe retailer's net income tumbled by 61.2 percent. The management blamed the continued impact of low commodities prices.The U.S. retail company, which was ...
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Caleres maintains margins despite challenging conditions
Caleres, the parent of Famous Footwear and various footwear brands, previously called Brown Shoe Co., posted earnings that were down by 7.7 percent in the first quarter ended April 30 as compared to the year-ago quarter, largely due to planned investments. The company managed to maintain margins in what was ...
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Sabu records lower centralized settlements
Sabu Schuh & Marketing, one of the major German voluntary groups for independent shoe retailers, announced at its annual general meeting, held on June 4 in Trier, that its centralized settlements fell by 7.2 percent to €329.7 million in 2015. The decline was mostly due to weak orders during the ...
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Ferragamo releases comprehensive sustainability report
Salvatore Ferragamo has announced the publication and certification of its 2015 Sustainability Report, which comes after the publication of a trial sustainability statement for 2014. In order to adopt a structured approach to sustainability issues, in 2014 the company set up the Green Team, a working group dedicated to designing ...
