All Shoe Intelligence articles in Volume 15, Issue 18-19 – Page 2
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News briefs
Crocs has lowered its guidance for sales and earnings in...
Crocs has lowered its guidance for sales and earnings in the third quarter ending Sept. 30 due to continued weakness in the Americas region, where at-once orders from wholesale customers and direct sales to consumers are both below prior expectations. However, the management points out that revenues and comparable store ...
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Converse is restructuring its distribution in Germany. Confirming a previous...
Converse is restructuring its distribution in Germany. Confirming a previous report, the agreement with its previous licensee, All Star D.A.CH, will end on May 31 next year. From June 2014, Converse Germany, a subsidiary of Nike, owner of the brand, will assume the distribution in Germany on its own. ...
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Dansko, the Pennsylvania-based comfort footwear company, has entered the select...
Dansko, the Pennsylvania-based comfort footwear company, has entered the select “B Corp Best for Workers List.” The distinction is given by the B Lab, a nonprofit organization focusing on the social and environmental responsibility of business, in recognition of a company's positive impact on its workforce. This impact is measured ...
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News briefs
Collonil, the German supplier of shoe polish, has invested in...
Collonil, the German supplier of shoe polish, has invested in a new logistics center in Mühlenbeck, near Berlin, from where it plans to take care of about 2,000 orders per day, to be delivered to about 100 markets worldwide. With the opening of the new distribution center, 30 to 60 ...
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News briefs
CIFF, the Danish fashion fair in Copenhagen, reports a drop...
CIFF, the Danish fashion fair in Copenhagen, reports a drop of about 10 percent in the number of visitors at its show last month, down to 20,123 people. The organizers attribute the decline to tighter rules for registration and point out that the number of foreign visitors went up by ...
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Article
Weaker results for China’s Stella
The net profit of the Stella International Holdings declined to US$51.2 million in the first half ended on June 30 from $67.0 million in the same period a year ago. Total revenues grew by 2.1 percent to $697.5 million. The Chinese company's shoe manufacturing operations increased volumes by 3.9 percent ...
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News briefs
Thorsten Lettau will manage the new order center of the...
Thorsten Lettau will manage the new order center of the ANWR group from October 15. He assumes the strategic and operative management of the group's O1 order center of its campus in Mainhausen. He will be responsible for all renting processes, the commercial, technical and infrastructural tasks of the order ...
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News briefs
CCC, the Polish footwear retailer, is pushing forward its expansion...
CCC, the Polish footwear retailer, is pushing forward its expansion in Austria and is considering opening between one and three stores in Germany before the end of this year. It also opened its first two stores in Slovenia, in Velenje and Krsko, last month. Tomorrow, CCC will be celebrating its ...
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Article
Shoe Carnival posts sales growth and opens new stores
Shoe Carnival saw revenues increase by $34.2 million to $216.4 million in the second quarter ended Aug. 3, an 18.8 percent increase from the second quarter ended July 28, 2012. Around $15.7 million of this increase was attributable to the one-week shift in the calendar due to fiscal 2012 being ...
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Article
The show calendar is moving forward
Justifying the length of this double issue of Shoe Intelligence, we have taken a long and highly needed summer pause since we gave our readers the new dates of theMicam, as the Milan trade show is now called. In the wake of the momentous decision by the GDS to bring ...
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Article
Brown Shoe posts sales and profit gains
Brown Shoe Company returned to profit in its second quarter, thanks to lower costs and double-digit revenue growth, driven by Famous Footwear's record performance. Both sales and operating profits exceeded expectations, with an improvement in adjusted earnings per share of over 100 percent for the quarter. Sales increased by 10.1 ...
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News briefs
A huge fire broke out at the Pou Yuen Vietnam...
A huge fire broke out at the Pou Yuen Vietnam factory in Ho Chi Minh, on August 28. The blaze, which was tackled by over 500 firefighters, destroyed about 4,000 square meters of the factory, a subsidiary of Taiwan's Pou Chen Group. The fire started on the fourth floor and ...
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News briefs
Fire broke at the Zamagni footwear factory in Italy, in...
Fire broke at the Zamagni footwear factory in Italy, in the shoe-making town of San Mauro Pascoli, near Forlì. According to local authorities, the fire occurred when a bottle of solvent came into contact with a naked flame. The incident left three people burned, one of whom was seriously injured.
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News briefs
RCG Corporation, whose RCG Brands unit represents Merrell and Caterpillar...
RCG Corporation, whose RCG Brands unit represents Merrell and Caterpillar Footwear in Australia, will also take over the distribution of Sperry Top-Sider in the country, following its acquisition by Wolverine Worldwide. RCG Brands enjoyed a sales increase of 35.1 percent to A$33.4 million (€23.2m-$30.6m) in the financial year ended last ...
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Article
Geox books first-ever loss under Southern Europe’s weight
Geox posted the first net losses in its history as the company's declining sales in southern Europe heavily weighed on its first-half results. The company is accelerating its expansion in Russia and Greater China while continuing to restructure its business with an objective to achieve solid results from next year. ...
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News briefs
Steve Madden's board of directors has declared a three-for-two stock...
Steve Madden's board of directors has declared a three-for-two stock split. This will entitle all shareholders registered as of Sept. 20 to get one extra share in the company for every two shares held on that date. The number of outstanding shares will thus increase to about 68.8 million from ...
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News briefs
Michael Sylvester joined the executive board of Finke Schuhe +...
Michael Sylvester joined the executive board of Finke Schuhe + Sport on Aug. 1. He assumed the commercial management of the German retail company, including accounting and the newly created area of controlling and finance. Additionally, in his function as sales director, he is responsible for all of the company's ...
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New CEO and big plans for Stuart Weitzman
Stuart Weitzman has promoted its vice chairman, Wayne Kulkin, to the position of chief executive, reporting to the American designer, who continues as executive chairman. A former buyer for Nordstrom, Kulkin has been working with Weitzman for 23 years in various functions, helping to introduce stock replenishment programs, to set ...
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Article
Big loss for Esprit
Esprit announced plans to set up a “high-performance product engine” to increase the speed of introduction of new designs to the market after reporting a loss of 4.3 billion Hong Kong dollars (€418m-$555m) for the financial year ended last June 30, compared with net profit of HK873 million in the previous ...
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Article
Better margins for Vulcabras
Financially, the worst seems to be over for Vulcabras Azaleia, another major Brazilian shoe producer that is more exposed than Alpargatas to the international competition in the athletic footwear sector because it has been insisting on manufacturing everything in Brazil. With brands such as Olympikus and Reebok, for which it ...
