Latest Headlines – Page 166
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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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A new show will replace the GDS
The GDS will be held for the last time at Messe Düsseldorf's fairgrounds on Feb. 7-9. It will also be the end for its simultaneous sourcing show, Tag it! Just before the start of the successful Expo Riva Schuh show at Riva del Garda in Italy on Jan. 14, Messe ...
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Expo Riva Schuh is still strong
The 87th edition of Expo Riva Schuh ended Tuesday with a total of 13,024 registered visitors. They were practically as many as a year ago in spite of adverse weather conditions that caused many flights to be cancelled, diverted or delayed, the January 2016 edition had 13,104 registrations.About 6,000 visitors ...
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What will Vivarte do with André?
France's largest shoe and apparel retailing group has indicated that it will finalize and announce its new reorganization program, which is expected to be drastic, between Jan. 23 and 27. One of the casualties could be the André chain of urban shoe shops that was at the origin of the ...
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Vivarte sells its factory
Last Dec. 23, Vivarte completed the sale of its shoe manufacturing subsidiary, Compagnie Vosgienne de la Chaussure (CVC), to a German investment fund based in Hamburg, Hanse Industriekapital, which raised its capital to more than €12 million. Etienne Ménéguz, who has been confirmed as president and chief executive of CVC, ...
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A successful year for Austria’s major shoe retailer
Leder & Schuh says it has obtained new financing through the year 2022 because of the positive developments of its retail businesses as it is completing the process of concentrating on only two chains – Humanic and Shoe4You – in Austria and the eight other countries in which it ...
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Zalando grows less than expected
Zalando put out nice preliminary figures for the fourth quarter ended Dec. 31, although they came in below its latest forecast for the period. Breaking the magic €1 billion range for the first time, the quarterly turnover reached a level estimated at between €1,086 million and €1,094 million, representing an ...
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Walmart acquires ShoeBuy
Jet has acquired ShoeBuy, an online footwear retailer, through its parent company Walmart, from IAC (InterActiveCorp) for around $70 million. The transaction closed on Dec. 30, 2016. IAC had bought ShoeBuy in January 2006.Walmart's acquisition of ShoeBuy comes just four months after the giant retailer agreed to acquire Jet.com, in ...
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Double-digit growth for GSM
GSM, the 12-year-old German-based voluntary group, has announced another double-digit increase in centralized settlements on behalf of its retail members for 2016. After rising by 15 percent in 2015, they went up by 16.6 percent to €321 million last year. The growth in the turnover was mainly due to GSM's ...
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Shoe Zone reports higher margins
The discount-oriented British shoe retailer suffered a 4.2 percent drop to £159.8 million (€184.9m-$197.1m) in its turnover for the 12 months of its financial year ended last Oct. 1, but this was mainly due to the shutdown of loss-making stores in the first six months. However, the average value of ...
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Spain exports lower-priced shoes
The Spanish footwear export statistics for the first nine months of 2016 show an increase of 2.3 percent in their volume, accompanied by a 7.8 percent decrease in their total value. The trend was particularly pronounced in Spain's trade with other member countries of the European Union, which grew by ...
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Geox reshuffles its top management
After a board meeting presided by Marino Poretti Polegato, chairman of the company, Geox announced last Thursday the appointment of a new chief executive, Gregorio Borio, who comes from Pirelli, the big Italian tire company. Replacing Giorgio Presca, he has taken office with immediate effect. He has also been given ...
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Italy’s aid to the fashion industry grows by 45%
Michele Scannavini, the president of the Italian Agency for Foreign Trade (Ice), announced earlier this week that the Italian government will increase its aid for the Italian fashion industry by 45 percent in 2017. The announcement was made on the opening day of the 91st edition of Pitti Immagine Uomo ...
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Ferragamo reaches agreement on Italian tax relief
At the end of December, Salvatore Ferragamo reached an agreement with the Italian tax authorities allowing it to take advantage of a favorable tax regime for the 2015-2019 period. The new program, known as the “patent box,” is designed to benefit Italian companies producing income through the direct use or ...
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Royer signs new deals, invests in Italy
Groupe Royer has signed a European license for a line of lifestyle-oriented shoes under the Everlast brand name. The deal covers all the markets of Europe, the Middle East and Africa with the exception of Italy, where the brand has an excellent partner for clothing, A. Moda.The large French group ...
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Gabor grows by just 1%
Gabor Shoes reports a tiny increase of one percent for its total sales in 2016, which reached €396 million, with a stable volume of 9.1 million pairs on a comparable basis. Recovering from the decline it suffered in 2015, the company's core brand, Gabor, recorded a sales increase of 2.3 ...
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India is pushing hard for modernization
We have already reported on the digitalization and robotization drive that is going on in India, as well as the elimination of smaller denominations of the Indian rupee. The Indian government is now going to introduce a new and more simplified indirect taxation system with the financial year starting in ...
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A soft holiday season for U.S. shoe retailers
In a preliminary statement about its results for the fourth quarter ending in late January, Genesco said its overall revenues were flat in the period through Jan. 5, exceeding its earlier expectations. On a comparable basis, sales declined by 2 percent at its physical stores but grew by 11 percent ...
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Dr. Martens cleans up the distribution, pushes retail
The termination of deals with about 250 non-strategic accounts, especially in the U.K. and the U.S., led to a drop of 14 percent in Dr. Martens' wholesale revenues in the financial year ended last March 31. They fell to 160.2 million pounds sterling (€189.7m-$197.8m). The drop was partly offset by ...
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Dr. Martens relocates
Airwear International, the parent company of Dr. Martens, will consolidate its operations in London, currently dispersed at three offices in Camden Town, by opening a new European head office in the Camden Wharf area of the city. The relocation to the new headquarters will probably take place in mid-April. The ...
