All Shoe Intelligence articles in Volume 16, Issue 1-2 – Page 4
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Short stops
Clarks is beginning to manufacture some shoes again in the...
Clarks is beginning to manufacture some shoes again in the northern part of Portugal
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Article
Valleverde goes bankrupt, Fly Flot keeps afloat
Valleverde, the Italian company known for its comfort shoes, has reportedly filed for bankruptcy protection. The 150 workers at its factory are asking public authorities to investigate the issue, but the court-appointed receiver, Claudia Bazzotti, has stated that they will keep their jobs until they find a new owner for ...
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Short stops
Superga and its new German licensee, Adventure, are enlarging the...
Superga and its new German licensee, Adventure, are enlarging the brand's presence in Germany by taking on board a large part of the former Converse sales team
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News briefs
Birkenstock plans to move its marketing, communication and administrative department...
Birkenstock plans to move its marketing, communication and administrative department to new offices in Neustadt in March to join the group's sales team, which moved there from its former headquarters in Vettelschoss at the beginning of this year. Birkenstock has rented three buildings in the business park of Neustadt, covering ...
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Article
Genesco expects adjusted profit at low end of guidance
Genesco is still targeting annual increases of 9 percent in revenues and 13 percent in operating profits through 2018, building up to an operating margin of between 9 and 9.5 percent on sales of $3.9 billion by 2018. The American shoe retail group plans to announce its financial results for ...
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News briefs
Adelchi has broken up with its former manufacturing partner in...
Adelchi has broken up with its former manufacturing partner in Bangladesh, Apex Adelchi, which has set up its own independent operation, and formed a partnership with another shoe manufacturer, Bengal Shoe Industries Ltd. (BSIL), that has a three-year-old, state-of-the-art factory employing 1,000 people at Rakhala. It is a subsidiary of ...
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News briefs
Claire Burrows, who acted most recently as U.K. managing director...
Claire Burrows, who acted most recently as U.K. managing director of Aldo, is launching a new line of women's shoes of her own, called Air & Grace, for the next autumn/winter season, according to Drapers magazine. She previously worked at FitFlop as product development manager.
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News briefs
Nordstrom has big projects in Canada, according to Footwear News....
Nordstrom has big projects in Canada, according to Footwear News. The first one of a series of eight to ten full-line department stores will open in Calgary next autumn, to be followed by two in Ottawa and Vancouver in 2015. A big Nordstrom store should be inaugurated in Toronto's Eaton ...
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News briefs
According to conflicting press reports, the Italian government has decided...
According to conflicting press reports, the Italian government has decided to invest between €1.5 million and €2 million in a series of evening galas, concerts, exhibitions and other events around the June 17-20 edition of Pitti Uomo to help develop Florence as a “Hometown of Fashion,” in competition with other ...
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Article
Some Brazilian firms are gowing strongly abroad
We have already reported the growing foreign business of Alpargatas and Grendene, mainly through their brands of tongs, in connection with their financial results. We are going to report soon about Amazonas, a new entrant in this category.Interviewed at the Couromoda shoe show in São Paulo last week or at ...
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News briefs
Gabor Shoes reports a 6.7 percent increase in revenues to...
Gabor Shoes reports a 6.7 percent increase in revenues to €395 million in 2013. Aside from rising licensing income, a trend to boots and booties boosted the turnover. The volume grew in fact by only 4.4 percent to 9.4 million pairs. The Gabor brand booked 10.7 percent higher sales of ...
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News briefs
Fink Schuhe + Sport, a German retail chain of 54...
Fink Schuhe + Sport, a German retail chain of 54 shoe and sporting goods stores, has applied for insolvency proceedings. A temporary receiver, Georg Bernsau from the law firm of BBL Bernsay Brockdorff, has been appointed, and the company will continue to operate normally. The bankruptcy petition became necessary because ...
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Article
Görtz turns around and sells its 53 Swiss stores
While continuing its search of new investors, the German shoe retail company informed its employees that its operating results were positive in 2013, indicating that it has managed a turnaround. Sales increased by one percent overall, with a 2.8 percent increase on a comparable store basis. Due to a positive ...
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Short stops
Citing changes in the Chinese market, the March 5-7 edition...
Citing changes in the Chinese market, the March 5-7 edition of Novomania, the young fashion fair in Shanghai, has been cancelled
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Short stops
Leucio Ferri, 43, who previously worked for IS International Sourcing...
Leucio Ferri, 43, who previously worked for IS International Sourcing and the Rieker Group, joined Peter Kaiser, German shoe brand, as head of sourcing on Jan. 1
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News briefs
GSM, the relatively young German buying group, reports a 26.6...
GSM, the relatively young German buying group, reports a 26.6 percent increase in revenues to €191 million for the past year. The number of affiliated shops grew to around 1,400. They all specialize in footwear except for 160 sporting goods stores. Out of the total, 1,080 operate in Germany, 250 ...
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Short stops
Shoe Carnival has announced an extension of its $25 million...
Shoe Carnival has announced an extension of its $25 million share repurchase program to Dec. 31, 2014
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News briefs
Forever 21 is launching a premium line of women's shoes...
Forever 21 is launching a premium line of women's shoes that includes some leather styles for the first time. The launch will start in its stores in the U.S. on Jan. 17 and continue in the rest of the world in subsequent weeks. In Europe, the new line will be ...
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Article
Wolverine cuts revenue outlook for full 2013
Wolverine Worldwide expects to announce earnings at the high end of its previous guidance of $0.85 to $0.90 a share for the financial year ended last Dec. 28, indicating an improvement in net profit to between $85.5 million and $90.5 million, compared with $80.8 million in 2012. Excluding restructuring charges ...
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News briefs
CCC reports a sales increase of 23.5 percent in 2013...
CCC reports a sales increase of 23.5 percent in 2013 to 1,627.3 million zlotys (€389.6m-$529.4m), as compared to the turnover in 2012. In December alone, the year-on-year sales increase was 34.8 percent. As we have previously reported, the Polish-based shoe retailer is expanding all over Eastern Europe as well as ...
