All Shoe Intelligence articles in Volume 15, Issue 4-5 – Page 3
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News briefs
Sixty Group has reached an agreement with all labor unions in...
Sixty Group has reached an agreement with all labor unions in Italy, after the long and intense negotiations that followed the group's request last September to reach a settlement with its creditors and plans for a drastic reduction of the company's activities in Europe. Under the agreement, a new company is due ...
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Article
Origin labels are again on the table in Brussels
The European Commission has put forward new proposals to enforce “made in” labels on shoes and other products circulating in the European Union. In contrast with previous proposals that the Commission had rejected, the new ones foresee that these labels of origin should also be mandatory for products that are actually made ...
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News briefs
The Spanish Association of Footwear Components (AEC) has written to...
The Spanish Association of Footwear Components (AEC) has written to the country's central tax authority to complain about delays in refunds of the value added tax (VAT) to exporting companies. According to the association, some of its 600 member firms are owed a combined total of more than €6 million. ...
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News briefs
Authentic Brands has acquired Taryn Rose and two other American...
Authentic Brands has acquired Taryn Rose and two other American brands, Judith Leiber and Adrienne Vittadini, from the Schottenstein Luxury Group, which will keep a minority stake in the business. The new owners plan to expand their sales internationally. Bought by Schottenstein in 2010, the Taryn Rose brand of fashion ...
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News briefs
According to HUI Research, retail sales of shoes in Sweden...
According to HUI Research, retail sales of shoes in Sweden increased by 6.9 percent during the month of December and by 2.5 percent for the entire 2012 calendar year, as compared to the same periods of 2011. At constant prices, sales increased by 5.1 percent in 2012.
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News briefs
According to the Swedish press, a Swedish court has ruled...
According to the Swedish press, a Swedish court has ruled that Mats Nilsson, chief executive and owner of Vagabond, is guilty of taking roughly SEK 3.8 million (€0.4m-$0.6m) in undeclared income during the 2005-09 period. The Swedish tax authorities accuse Nilsson of avoiding taxation by utilizing a complex setup of ...
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News briefs
A&G Realty Partners will handle the liquidation of the remaining...
A&G Realty Partners will handle the liquidation of the remaining 56 stores of Bakers Footwear Group, the American shoe retail chain that went bankrupt last October. A New York-based shoe producer with a showroom in London, Zigi Shoes, has reportedly emerged as a candidate for the locations. Founded in 1929 ...
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News briefs
Marc Shoes, which is celebrating its 75th anniversary this year,...
Marc Shoes, which is celebrating its 75th anniversary this year, wants to listen more to its clients around the world in developing new products following the appointment of a new 38-year-old head designer, Alexander Lindau, who lives in London and worked for the brand on and off in the past ...
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News briefs
Modacalzado+Iberpiel is preparing for its 31st edition, to be held...
Modacalzado+Iberpiel is preparing for its 31st edition, to be held at Feria de Madrid from March 9 to 11. Some of the new brands slated to show include Coolway, Armand Basi, José Sáenz, Liberitae, Rayfra and Paco Valiente. Already, 90 percent of the total number of pre-registered visitors from last ...
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News briefs
The U.S. footwear market rose by 3 percent to $54...
The U.S. footwear market rose by 3 percent to $54 billion in 2012, according to NPD Group, with increases of 4 percent for women's shoes, 2.4 percent for men's shoes and 3.8 percent for children's shoes. Sales carried out over the internet went up by 7 percent.
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News briefs
German shoe retailers saw their sales grow by 3 percent...
German shoe retailers saw their sales grow by 3 percent in December as compared to the same month a year earlier, but the progress was mostly due to average price increases of 4.0 percent, according to the Institut für Handelsforschung. As a result, their total sales for 2012 were down ...
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News briefs
From March 2013, Mirapodo, the German online shoe retailer launched...
From March 2013, Mirapodo, the German online shoe retailer launched by Otto Group a few years ago, will be a subsidiary owned at 100 percent by myToys, an online retailer of toys that is also owned by Otto and that has diversified its offerings into children's clothing and other children's ...
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News briefs
Stephan Fricke, who joined Solidschuhwerk as chief executive in July 2012,...
Stephan Fricke, who joined Solidschuhwerk as chief executive in July 2012, left the company at the start of 2013. Fricke worked previously for Clarks. Thomas Bauerfeind is assuming his position. Bauerfeind is managing partner of Berkemann, which bought Solidschuhwerk and its brands Solidus and Vivo a few years ago.
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News briefs
Aeffe has posted consolidated revenues of €254 million for 2012,...
Aeffe has posted consolidated revenues of €254 million for 2012, up from €246 million for the previous year, representing an increase of 3.3 percent at current exchange rates or 1.8 percent at constant exchange rates. Sales of shoes and leathergoods, including those of the Pollini subsidiary, grew by 8.7 percent, while ...
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Article
PPR posts a 28.2% profit increase
PPR announced consolidated revenues of €2.6 billion for the fourth quarter of 2012, up by 17.5 percent from the same quarter a year ago in terms of euros and by 11.7 percent based on comparable group structures and exchange rates. For the year as a whole, consolidated revenues from continuing operations amounted to €9,736 ...
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Article
Ferragamo’s sales rise by 19.6% in the footwear segment
Salvatore Ferragamo booked a 19.6 percent rise in footwear sales in 2012 to €506.2 million. On a currency-neutral basis, shoe sales were up by 15.9 percent. But like the group's overall top line, footwear sales slowed down in the fourth quarter compared with the first nine months of the year.Sales ...
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News briefs
Payless ShoeSource has obtained a term loan of $175 million....
Payless ShoeSource has obtained a term loan of $175 million. The American shoe retail chain will use the proceeds to pay a special dividend to its new shareholders, Golden Gate Capital and Blum Capital Partners. Last September, the two investment companies arranged a seven-year $305 million financing package to fund ...
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News briefs
Pittarello recorded a sales increase of 29 percent to €150...
Pittarello recorded a sales increase of 29 percent to €150 million in 2012. The Italian shoe retailer sold 7.5 million pairs during the year, against 5.5 million in 2011. Since June 2011, Pittarello is controlled by 21 Investimenti, the private equity company founded by Alessandro Benetton and controlled by the Benetton ...
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News briefs
Lloyd Shoes raised its sales by 7.9 percent to €133.4...
Lloyd Shoes raised its sales by 7.9 percent to €133.4 million in 2012. In terms of volume, sales increased by 5.5 percent to 1.9 million sold pairs. The daily production rate rose from 6,500 to 7,100 pairs in 2012, with 2,000 pairs made in Germany. The spring/summer 2013 season showed an ...
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News briefs
R.G. Barry Corporation has reported a net profit of $11.4...
R.G. Barry Corporation has reported a net profit of $11.4 million on a consolidated basis for the first half ended Dec. 29, 2012, down by 13.6 percent from the equivalent period a year ago but in line with the company's expectations. Net sales in the six-month period slipped by 9.5 percent to $95.7 million. The ...
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