All Shoe Intelligence articles in Volume 15, Issue 8-9
View all stories from this issue.
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Article
Italy’s situation is “unsatisfactory”
That's how Cleto Sagripanti, president of the Italian shoe industry association (Anci), defined the condition of the Italian shoe industry at a press conference during the Micam show earlier this month, blaming it mainly on the faltering demand in the peninsula.According to Anci, the number of pairs bought in Italy ...
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Short stops
La Rinascente has taken over Illum, one of the two...
La Rinascente has taken over Illum, one of the two major department stores in Copenhagen, while negotiations are going on for the sale of the big French Printemps chain
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Article
New management for the HR Group
The Hamm Reno Group has reorganized the responsibilities within its executive board, which is still led by the company's chief executive, Matthias Händle, following the recent departure of Erik van Heuven, who was acting as chief operating officer for wholesale operations and general manager of international operations. Hans-Jürgen Fries, who ...
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News briefs
The German retail group owned by Josef Seibel, Leiser, recorded...
The German retail group owned by Josef Seibel, Leiser, recorded total sales of €161 million in 2012, including €56 million for its biggest shoe retail chain, Schuhhof. The group currently operates about 100 shoe stores. In spite of positive results, cost structures need to be optimized further, according to the management. For ...
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Article
Schuh Group is still a star within Genesco
Genesco reported that earnings from continuing operations for the 14-week fourth quarter ended Feb. 2 were off by 6.7 percent to $38.7 million, compared with earnings from continuing operations of $41.5 million for the 13-week quarter ended Jan. 28, 2012. Adjusted to exclude extraordinary items such as deferred purchase price payments ...
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News briefs
PPR, the French luxury and sports group whose name is...
PPR, the French luxury and sports group whose name is switching is to Kering, has acquired France Croco, a leading French supplier of crocodile skins. The takeover will help to secure a stable supply of high-quality crocodile leather for its brands. It follows similar moves by Hermès and Louis Vuitton ...
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News briefs
Yue Yuen, the leading manufacturer of sports footwear, saw its...
Yue Yuen, the leading manufacturer of sports footwear, saw its sales increase by 3.6 percent to about $7,297 million for the full fiscal year until the end of September. The company's shoe manufacturing business lifted its turnover by just 1.5 percent to $5,074 million, with a decline of 4.9 percent ...
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News briefs
Phoenix Footwear has seen its full-year losses narrow thanks to...
Phoenix Footwear has seen its full-year losses narrow thanks to higher sales of full-priced products. Net losses from continuing operations decreased to $437,000 for the year ended Dec. 29 from a net loss of $1.7 million sustained in 2011. The American producer of comfort shoes recorded net sales of $16.7 million, ...
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Article
Growing Salvatore Ferragamo sells joint venture with Zegna
Salvatore Ferragamo has signed an agreement to sell its 50-50 joint venture with the Italian fashion group Ermenegildo Zegna for €13.9 million, or 24 times 2012 earnings. The deal is due to close on April 15. The venture, called ZeFer, was set up in 2002 for the production of shoes ...
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News briefs
Wanda Milletti Ferragamo, wife of the late Salvatore Ferragamo, who...
Wanda Milletti Ferragamo, wife of the late Salvatore Ferragamo, who died in 1960, is the president of the new Ferragamo Foundation, which officially started its activities on March 15 in Florence, after a long time spent working on the project by the Ferragamo family. The foundation has been created to ...
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Article
Renaudin will head up the European federation
It's now basically official: The next president of the CEC, the European shoe industry federation, is going to be Jean-Pierre Renaudin (pronounced similarly to ‘Raynodân'), and he will likely shake up the organization. Aged 69, Renaudin is set to replace the older Vito Artioli from Italy at the annual meeting ...
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Article
Highline opens new offices in Europe
Highline United Holdings, the company created by the Max Oriental Group in 2008 that we reported about earlier this year, has finalized its European distribution structure, setting up offices and showrooms in Munich, Paris and London for Highline United Europe, the company's European subsidiary, which previously had only an office in Munich. ...
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News briefs
Eram, which remains one of the largest shoe retailing groups...
Eram, which remains one of the largest shoe retailing groups in France along with Vivarte, with sales of €1.67 billion in 2012. However, sales reportedly declined by 2.7 percent to around €200 million for its Eram banner. The management hopes that the banner's sales per store will grow again by ...
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News briefs
Fly London introduced a new production line at the end...
Fly London introduced a new production line at the end of the last year that should help the company reduce the time of handling orders and reorders. Fly London owns two factories in Portugal. One of the production lines was rebuilt in order handle reorders much more quickly than before. ...
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News briefs
The world's largest Stuart Weitzman store is due to open on...
The world's largest Stuart Weitzman store is due to open on the prestigeous via Sant'Andrea in Milan next September. It will take the place of a former shop in the neighboring Via della Spiga. Reportedly, a well-known designer from Iraq, Zaha Hadid, will contribute to the styling of the store and of four others.
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Article
DSW is weakening
DSW reported net income of $27.1 million in the fourth quarter ended Feb. 2, up from a profit of $19.4 million in the fourth quarter of 2011. Excluding onetime items, the company earned $31.4 million in the latest quarter of 2012, but this was below average analysts' estimates. The share price of DSW ...
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News briefs
Joya has diversified its product line to include a new...
Joya has diversified its product line to include a new outdoor segment, developed in cooperation with Proof-Tex. The new outdoor shoe collection is available in four different styles for men and six different styles for women. It was presented for the first time at this month's GDS show in Düsseldorf. For ...
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News briefs
Vernon Sports has taken on the distribution of a high-end...
Vernon Sports has taken on the distribution of a high-end retro line of Kangaroos shoes for adults to fashion stores in Denmark. Viking continues to distribute KangaROOS shoes into other retail channels.
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News briefs
Quick Schuh, the discount-oriented retail franchising operation run by the...
Quick Schuh, the discount-oriented retail franchising operation run by the ANWR group, increased its revenues by 13 percent to €10.9 million in 2012 as compared to 2011. Quick Schuh's retail members have about 400 stores in Germany and Austria. They recorded declining sales in January and February this year, as compared to ...
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Article
Strong development and new manager for The Flexx
An Italian industry veteran, Marco Serpelloni, joined the fast-growing Italian brand of flexible and comfortable shoes this month as sales and marketing director, taking over the position previously held by Francisco Brogueira, who has returned to Aerosoles, an older brand that uses the same stitch-and-turn manufacturing process (see the next article). In the ...
