All Shoe Intelligence articles in Volume 14, Issue 23-24
View all stories from this issue.
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Article
Venue Retail outperforms the market
The Swedish-based retailer of shoes and accessories recorded sales of 211.2 million Swedish kronor (€24.6m-$31.3m) in the fourth quarter ended in August, up slightly from SEK 209.5 million in the year-earlier quarter, despite having fewer stores and difficult market conditions. The gross margin went up to 55.3 percent, against 51.8 ...
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Article
Record results at Madden
Steve Madden posted a 13.7 percent increase in net sales up to $356.9 million in the third quarter ended Sept. 30. The wholesale business grew by 12 percent to $311.5 million, driven by strong growth in the Steve Madden women's division and a benefit from the acquisition of SM Canada. ...
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News briefs
Now that it is no longer working through Josef Seibel...
Now that it is no longer working through Josef Seibel to expand internationally, Marc Shoes has appointed a manager for international sales development, Christian Feldbausch. The 47-year-old was a former export manager of Wortmann and occupied several positions in the menswear sector.
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Article
Mixed results for Jones
Sales inched up by 0.9 percent to $1,035 million in the third quarter ended Sept. 29 for The Jones Group of New York, parent company of Nine West and many other brands, generating a 3.8 percent increase in operating income to $62.7 million. Charges of $38 million associated with the ...
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News briefs
Reliance Retail recently struck new partnerships for the Indian market...
Reliance Retail recently struck new partnerships for the Indian market with Dune and Stuart Weitzman. The company also opened new stores under the Hamleys, Steve Madden and Timberland brands. At the end of the period, the company counted over 1,350 stores in 122 cities across India and more than 11 ...
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Article
Hotter is opening many new stores
Hotter Comfort, the single biggest shoe manufacturer in the U.K., is in line to operate a total of 47 own stores across the country by the end of this year, or 22 more than at the end of 2011, under an ambitious program launched two years ago. At least 15 ...
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News briefs
The Yoox Group launched a Sergio Rossi website for online...
The Yoox Group launched a Sergio Rossi website for online sales in September, as part of its new joint venture with PPR. It will also be available to clients in China by the end of next year. In the third quarter ended Sept. 30, Yoox' sales grew by 27.4 percent ...
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News briefs
Momad is going to be the new label regrouping the...
Momad is going to be the new label regrouping the major fashion fairs in Spain, including the bridal, ready-to-wear and footwear trade shows organized by Ifema, the company that organizes fairs in Madrid. The new name, which it is in the process of registering, will be first used at the ...
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Article
Skechers’ U.K. sales were resilient, Germany improved
Skechers improved its quarterly gross margin to 43.7 percent in the period ended Sept. 30 from 42.5 percent a year earlier thanks to higher sales volumes, the improved quality of its inventory and strong sell-through at company-run stores. The group's earnings from operations rose to $20.3 million from $2.2 million, ...
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Article
French shoemakers promote their “made in”
More and more French shoe manufacturers have been outsourcing part or all of their production. However, French customers are keen on purchasing items of all kinds that are made in France, while foreign customers are showing increasing appreciation for French shoe brands.According to an opinion poll recently conducted by Tilder-LCI-OpinionWay, ...
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Article
Slowdown in luxury goods sales, but footwear is doing well
According to the most recent projections made by Bain & Company on behalf of Altagamma, the flagship trade association for the Italian luxury goods industry, the global market for personal luxury goods is expected to grow at a rate of 7 percent in the fourth quarter of this year in ...
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News briefs
Ugg is opening its first store in Paris. It is...
Ugg is opening its first store in Paris. It is the first of a series of 15 stores that the brand wants to set up in France. Ugg already has seven boutiques in the U.K.
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Short stops
Louis Vuitton has opened its first Global Store in Latin...
Louis Vuitton has opened its first Global Store in Latin America in the Cidade Jardim of São Paulo, Brazil
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News briefs
India's exports of leather and leather products reached a level...
India's exports of leather and leather products reached a level of just over $2 billion in the first five months of the country's current financial year, running from April to August, against more than $2.1 billion for the year-ago period, representing a decline of 4.4 percent. The disappointing figures were ...
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Article
New Eurochief for Wolverine
Daniel Le Vesconte will be the new managing director of Wolverine Worldwide for Europe, the Middle East and Africa (EMEA). Reporting to Bill Brown, president of Wolverine's International Group, he will be based at the group's European office in the U.K. He will have responsibility for the development and execution ...
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Article
The EU finalizes a new GSP trade scheme
The European Union has released information on the changes it is making to its Generalized System of Preferences (GSP) for developing countries, a system that has been in place since 1971 to allow exporters from developing countries to pay lower duties on some or all of what they sell to ...
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Short stops
Nero Giardini is putting an end to its Nero Giardini...
Nero Giardini is putting an end to its Nero Giardini Sport collection
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News briefs
The third edition of Footwear Expo in Dubai, which was...
The third edition of Footwear Expo in Dubai, which was originally scheduled to take place on Oct. 23-25, will be held on March 19-21 next year. The trade show is the largest dedicated event for footwear and leather in the Middle East.
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Article
Geox tries to reverse its downward trend
Geox is taking several initiatives to improve its financial results, which continued their downward trend in the third quarter, except for the gross margin. Among other measures, Giorgio Presca, the newly appointed chief executive of the company, and other company officials spoke to investment analysts last Thursday about the benefits ...
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Article
Hermès posts a double-digit increase
Hermès International lifted its guidance for its 2012 results for the second time this year as it reported revenues of €2,440 million for the nine months ended Sept. 30, a rise of 22.7 percent in euros, or 15.5 percent at constant exchange rates. In the third quarter, they grew by ...
