All Shoe Intelligence articles in Volume 14, Issue 23-24 – Page 5
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News briefs
According to Reuters, Nike is in final negotiations on the...
According to Reuters, Nike is in final negotiations on the sale of Cole Haan to Apax Partners for about $500 million, beating out the bids made by other equity firms. Jack Boys, former chief executive of Converse, would run Cole Haan to trigger a new phase of growth. According to ...
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News briefs
Première Classe and Mess Around, the two shoe and accessories...
Première Classe and Mess Around, the two shoe and accessories fairs held at the same time of Who's Next in Paris, will merge into a new joint exhibition called Who's Next Accessories. They will be held on the second floor of Hall 7 at the Porte de Versailles fairgrounds as ...
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Article
Crocs’ orders are accelerating
Crocs saw its sales increase by only 7.5 percent in the third quarter to $295.6 million. The American footwear brand, which is celebrating its 10th anniversary this year, recorded net income of $45.1 million, up by 49.43 percent from $30.2 million in the same quarter of 2011, but it expects ...
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News briefs
Charles Vögele may be about to be sold to Inditex,...
Charles Vögele may be about to be sold to Inditex, according to a rumor that was neither confirmed nor denied, but boosted the shares of the Swiss retailer by 16 percent on the Swiss Stock Exchange. The company's chief executive, Franck Beeck, resigned at the end of September with immediate ...
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Article
Weyco grows by 7%
Weyco Group reported net sales of $79.5 million for the third quarter ended Sept. 30, an increase of 7 percent from 2011. Operating earnings increased by 21 percent to $8.1 million. Net earnings attributable to the company were $5.2 million, up from $4.4 million in 2011.Net sales in the North ...
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News briefs
Footwear exports from China grew to 6.8 billion pairs in...
Footwear exports from China grew to 6.8 billion pairs in volume and $28.8 billion in value in the first eight months of 2012, representing increases of 3 percent and 9.1 percent from the year-earlier period, respectively. The growth figures were much higher for imports, which rose by 29.3 percent in ...
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Article
Softening growth for PPR in Q3
The parent company of Gucci and other luxury brands reported an overall sales increase of 7 percent from its continuing operations to €7.1 billion for the first nine months of this year, up by 6.6 percent on a comparable basis. These operations don't include retail activities such as Fnac and ...
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Article
Spartoo secures €25 million in financing
Spartoo announced that it has raised €25 million in Series C funding led by Sofina, an investment holding company listed on Belgium's stock exchange. The existing investors – A Plus Finance, CM-CIC Capital Privé, Highland Partners and Endeavour Vision – also participated in the refinancing round. The French e-commerce company ...
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Article
LVMH posts 22% higher sales
LVMH recorded revenues of €19.9 billion for the first nine months of 2012, an increase of 22 percent on the year-ago period. After taking into account the integration of Bulgari as of June 30, 2011, and a positive currency impact, organic revenues grew by 10 percent. For the third quarter, ...
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News briefs
After a first store in Shanghai in 2010, the second...
After a first store in Shanghai in 2010, the second boutique of Shang Xia, the new Oriental brand of Hermès, opened in Beijing's China World Mall on Oct. 8, in the presence of the group's chief executive, Patrick Thomas, and former French prime minister Jean-Pierre Raffarin. Designed by a renowned ...
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Article
Ferragamo’s footwear sales rise by 20.6% in nine months
Salvatore Ferragamo booked a 20.6 percent rise in footwear sales in the first nine months of this year to €364.4 million. On a currency-neutral basis, they were up by 16.1 percent. Sales of leathergoods and handbags, the group's second-largest product line, rose by 19.6 percent to €258.5 million. Shoes and ...
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News briefs
In Sweden, footwear sales dropped by 2.7 percent at retail...
In Sweden, footwear sales dropped by 2.7 percent at retail during the month of August when compared with the same month last year, after a 0.6 percent increase in July, according to HUI Research. For the first eight months of 2012, footwear sales rose by 3.1 percent. Independent retailers have ...
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Article
Grendene improves margins on 19.7% higher sales
In the third quarter ended Sept. 30, Grendene reported growth of 19.7 percent in net revenues to 496.5 million reais (€190.4m-$242.2m), with increases in all margins, favored by exchange rates. The price of exported products went up in terms of Brazilian reais, thanks to the depreciation of the currency. The ...
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Short stops
14oz., the trendy shoe apparel retailer owned by Karl-Heinz-Müller, chief...
14oz., the trendy shoe apparel retailer owned by Karl-Heinz-Müller, chief organizer of Bread & Butter, has opened its second shop in Berlin, located in a historical landmark on the Kurfürstendamm close to many elegant stores
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News briefs
From Nov. 5 to Dec. 1, Sorel will be present...
From Nov. 5 to Dec. 1, Sorel will be present for the first time in the men's section of Galeries Lafayette's flagship store in Paris. The Canadian brand has been selling its products in the women's section of the department store since winter 2011. Sorel's sales diminished by 15 percent ...
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News briefs
The rise of the VAT in Spain on Sept. 1...
The rise of the VAT in Spain on Sept. 1 did not have a significant impact on the price of shoes and fashion items in general. The consumer price index rose by 2.7 percent in August and by 3.4 percent in September. Prices for clothing and footwear only rose by ...
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