All Shoe Intelligence articles in Volume 13, Issue 23-24 – Page 5
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News briefs
Skechers has filed a patent infringement suit against Steve Madden...
Skechers has filed a patent infringement suit against Steve Madden and its Stevies subsidiary in Los Angeles' federal court. The complaint concerns Skechers' patent on the toe cap design of its Twinkle Toes style.
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Article
Esprit retrenches after poor results
The Hong Kong-based Esprit Holdings has announced its retreat from the North American market, involving the shutdown of 93 directly managed stores in the region. It will also close 65 loss-making stores in Europe - including all its stores in Spain, Denmark and Sweden - and 15 others in the ...
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News briefs
VF Corporation has completed the purchase of Timberland, after obtaining...
VF Corporation has completed the purchase of Timberland, after obtaining regulatory approval from the relevant antitrust authorities. The acquisition will give a boost to the fledgling shoe operations of VF, which is stronger in apparel through brands such as The North Face, and to Timberland's own apparel operations. Patrik Frisk, ...
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Short stops
John Broe has joined Gola to be brand consultant, advising...
John Broe has joined Gola to be brand consultant, advising the company on range segmentation, retail distribution and product development
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News briefs
Berkshire Hathaway, the big American investment company that acquired a...
Berkshire Hathaway, the big American investment company that acquired a 20 percent stake in Masai Barefoot Technology (MBT) in 2007, is said to be preparing to increase it to a controlling interest. Company officials would not comment, but they denied a rumor that Jan Stig Andersen, the former Danish Ecco ...
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News briefs
Li & Fung has acquired a controlling stake in Delvaux,...
Li & Fung has acquired a controlling stake in Delvaux, a Belgian brand of leathergoods, through one of its investment vehicles. The big Chinese company recently made investments in two other European fashion firms, Cerruti and Robert Clergerie. Its total sales grew by 33 percent to $8.80 billion in the ...
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News briefs
Asian interests continue to acquire European brands. EXR, the Korean...
Asian interests continue to acquire European brands. EXR, the Korean company that licenses the brand of Jean-Charles de Castalbajac in the Far East, has remained the only candidate for the acquisition of the French designer's fashion house.
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News briefs
The Italian Financial Police have reportedly accused the Mastrotto Group...
The Italian Financial Police have reportedly accused the Mastrotto Group of setting up a system to avoid paying sales taxes on millions of euros. With the complicity of local shoe merchants, the Mastrotto Group allegedly had €106 million in undeclared revenues. It also is charged with paying part of the ...
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News briefs
Lollipops, a French brand of handbags, shoes and other accessories,...
Lollipops, a French brand of handbags, shoes and other accessories, has launched its first women's ready-to-wear collection for spring/summer 2012. It is being offered to wholesale clients, but it will also be featured in some of Lollipops' larger stores, such as its flagship on Paris' rue Vielle du Temple or ...
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Article
ANWR and Garant work closely abroad
Ariston-Nord-West-Ring and its new subsidiary Garant Schuh + Mode have been trying in the past couple of months to bundle their operations in more and more countries outside Germany and to keep their respective networks of affiliated retailers distinct.The process is going smoothly in France, where some members are affiliated ...
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Article
Collective is set to close 475 stores
Collective Brands will close about 475 underperforming and low-volume Payless ShoeSource and Stride Rite Children stores over the next three years in the U.S., Canada and Puerto Rico as part of a strategic review. More than 300 of the closings will be carried out by the end of the current ...
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Article
Ferragamo’s first-half shoe sales up by 36.9%
Salvatore Ferragamo's footwear sales rose by 36.9 percent to €197.5 million in the first half while group sales continue to post double-digit growth worldwide except in Japan. On a currency-neutral basis, shoe sales were up by 37.9 percent. Sales of leathergoods, the group's second-largest product line, rose by 30.5 percent ...
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Article
Hermès achieves 36% operating margin
The operating margin of 36 percent reached by Hermès in the first half of this year is a record for the French luxury goods company, placing it close to the 42 percent operating margin that has been mentioned some time ago for Louis Vuitton, which sells all its products only ...
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Short stops
Bally has opened a new store of 285 square meters...
Bally has opened a new store of 285 square meters in the Ginza section of Tokyo that includes a VIP section with a dedicated craftsman for custom-made men's shoes
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News briefs
More than 200 delegates from different countries have already signed...
More than 200 delegates from different countries have already signed up to participate in the World Footwear Congress in Rio de Janeiro being held Nov. 7-8. Many of these are going as guests invited by the organizers of the GDS and Micam shows, which are acting as platinum sponsors of ...
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Short stops
Salvatore Ferragamo has reopened its men's store at 20/4 via...
Salvatore Ferragamo has reopened its men's store at 20/4 via Montenapoleone in Milan with a contemporary layout on a much larger surface of 400 m2
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News briefs
The Scandinavian Shoe Center in Copenhagen, established in 1998, will...
The Scandinavian Shoe Center in Copenhagen, established in 1998, will undergo a huge reconstruction in order to make it more inspiring to both exhibitors and buyers. Bella Center, where the trademart is housed, will facilitate the rebuilding. The aim is to create more open surfaces and fewer facades. A more ...
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News briefs
Retail sales of footwear reached an indicated level of $17.9...
Retail sales of footwear reached an indicated level of $17.9 billion in Russia last year, according to a report by PMR Research, a market research company that focuses on Central and Eastern Europe. The study says that sales of clothing and shoes went up by 11 percent to $56 million ...
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News briefs
Yoox increased first-half sales by 35.9 percent to €131.2 million...
Yoox increased first-half sales by 35.9 percent to €131.2 million but net profits slipped by 12.7 percent to €2.9 million. Earnings were affected by depreciation and amortization connected to investments in an automated distribution platform, the opening of a new office in Milan, the expansion of premises in Bologna and ...
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Article
Wortmann grows by 15.1%
Wortmann's total turnover increased by 15.1 percent to €832.1 million in the financial year ended last May 31. It was the highest growth rate in the German company's history, and Wortmann marked this achievement by paying an extra month of wages to its employees.With sales of 29.8 million pairs in ...
