All Shoe Intelligence articles in Volume 13, Issue 28-29
View all stories from this issue.
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News briefs
Holly Li will be leaving her post as vice president...
Holly Li will be leaving her post as vice president and general manager North China for Adidas AG to join Espirit as the company's chief executive for Chinese operations. In this role, which she will assume as of Feb. 1, 2012, Li will oversee Espirit's efforts to expand in China, ...
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Article
Jones Group grows slowly
Earlier, The Jones Group reported a slight 2 percent increase in consolidated sales to $1,044 million for its third quarter, which ended on Oct. 1, in spite of its multiple recent acquisitions including most recently Kurt Geiger from the U.K. The group's jeans business was particularly weak, and there are ...
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Article
Grendene is doing less well
Net sales revenues declined by 5.0 percent to 414.6 million reais (€165.6m-$219.3m) in the third quarter at Grendene, the other big Brazilian company that makes Grendha, Ipanema, Melissa and Rider shoes, leading to a drop in its net income of 20.3 percent, down to R$83.5 million (€33.3m-$44.2m). Volumes were off ...
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News briefs
Georges Plassat is said to be on his way out...
Georges Plassat is said to be on his way out as chief executive of Vivarte, the French group that runs André, Minelli and other chains of shoe and clothing stores, to replace Lars Oloffson, the chief executive of Carrefour, which has not been doing well lately. Vivarte has no comment ...
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News briefs
The trade shows GDS and Global Shoes are going to...
The trade shows GDS and Global Shoes are going to unveil a new look in the coming seasons. The GDS show's advertising concept has been redesigned to run under a new theme, which can be translated as “Inspiration to Go.” The new design aims to combine two essential elements of ...
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Article
Garant outperforms the market
The Garant Group performed much better than the market in most of the European countries where it operates the first nine months of this year, although the number of affiliated stores dropped to 5,378 as of last Sept. 30, compared with 5,452 at the same time in 2010. The remaining ...
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Article
Genesco ups full-year guidance
Genesco, the American retail group operating Journeys and other formats, increased its guidance again after the release of higher-than-expected third-quarter results. For the full financial year ending in January 2012, the company expects an increase in sales of about 25 percent to $2.24 billion, partly thanks to the acquisition of ...
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Short stops
Francesco Malatesta, an Italian-born official, is replacing Pola Iglesias as...
Francesco Malatesta, an Italian-born official, is replacing Pola Iglesias as chief organizer of Modacalzado, the Spanish shoe show in Madrid, and an international fashion fair in the same fairgrounds
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News briefs
The Indian leather industry saw mixed results in the first...
The Indian leather industry saw mixed results in the first half of the 2011-12 fiscal year, April through September. Overall, exports grew by 4.9 percent to $1.8 billion for the six months. Looking at individual sectors, gains were recorded for leather footwear, up by 5.5 percent to $682.7 million; leather ...
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Article
Indian shoe retailing is set to open up to FDI
India's retailers are bracing themselves for a shakeup, after their government finally approved foreign direct investment (FDI) in retailing last week – a decisive move that could help to develop a more diversified and organized shoe retailing market in India.The country's thousands of owners of tiny independent stores were hitherto ...
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News briefs
But Fashion Solutions of Portugal, which produces and markets the...
But Fashion Solutions of Portugal, which produces and markets the Cubanas line of shoes, is opening the first store under this brand name in Lisbon next month, which should be followed by two franchises in Lebanon next May. The company also has a chain of multi-brand shoe stores, called Made ...
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News briefs
Yue Yuen Industrial has halted production at its large facility...
Yue Yuen Industrial has halted production at its large facility in Guandong Providence because of a strike by its workers. According to China Labor Watch, more than 7,000 workers walked out of their jobs at the Yucheng shoe factory in the Yue Yuen Industrial Park of Hungjiang, near Dongguan, leading ...
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Short stops
Rainer Worbs, the German retail executive who quit as managing...
Rainer Worbs, the German retail executive who quit as managing direct of Görtz in charge of purchasing a few weeks ago, after 25 years with the company, is on his way to another job to run Roland, the higher-end chain of the Deichmann group, starting next year
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News briefs
Spartoo, the French shoe e-tailer, has launched a special portal,...
Spartoo, the French shoe e-tailer, has launched a special portal, StylistClick.com, where a restricted group of 10,000 registered members will get personalized advice on the choice of certain styles – 250 to begin with – after filling out a questionnaire about their preferences. All the styles will be sold at ...
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Article
Tod’s sees sales, Ebitda up this year and next
Tod's reiterated that it is confident that it will match market expectations of an increase of more than 12.0 percent in full-year sales as well as an Ebitda margin of nearly 26 percent. If business conditions do not change dramatically, the Italian group is also comfortable about analysts' forecast of ...
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News briefs
Dominique Gaudet, a former official of Nike, has left as...
Dominique Gaudet, a former official of Nike, has left as French commercial director of Fitflop to join the French office of Wolverine World Wide, where he will be responsible for the Hush Puppies and Cushe brands. He will be replaced at Fitflop by Anne Louvet, who comes from a French ...
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Short stops
Schuhkurier reports on the departure of Thomas Engelkamp from Kaufhof,...
Schuhkurier reports on the departure of Thomas Engelkamp from Kaufhof, the German department store chain, where he was in charge of purchasing for footwear, leathergoods and other accessories, in addition to menswear
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Article
More department stores revamp shoe floors
Shoes are viewed more and more by the operators of major department stores as a hot-selling item, especially in major cities that attract a lot of tourists from China and other distant foreign countries who are looking for choice. Like Galeries Lafayette in Paris and Selfridges in London, Italy's Rinascente ...
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News briefs
Nick Vance is no longer responsible for sales of Deckers...
Nick Vance is no longer responsible for sales of Deckers Corporation's brands in the U.K. Stephen Murray, who became president of Deckers' operations in Europe, the Middle East and Africa last June, will take over his responsibilities. Vance joined the company last July, filling the void that was left ...
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News briefs
Crocs is suing the retailer Walgreens, saying that Walgreens is...
Crocs is suing the retailer Walgreens, saying that Walgreens is copying its footwear designs. Walgreens has a collection called Caribbean Cartel, which Crocs says are obvious copies of its trademarks such as the Crocband design.
