All Shoe Intelligence articles in Volume 16, Issue 15-16
View all stories from this issue.
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Article
Vivarte is saved
After six months of negotiations, all the 116 lenders to Vivarte have accepted to write-off €2.0 billion of the debt €2.8 billion that resulted from the company's leveraged buyout in 2007. In exchange, they are getting shares or convertible bonds in the company.With its numerous shoe and apparel retail chains, ...
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News briefs
Pikolinos opened a new store in Paris last month. Inspired...
Pikolinos opened a new store in Paris last month. Inspired by a recently introduced Mediterranean-style concept, it is managed and owned by a franchisee. The Spanish brand has 25 stores in Spain, Mexico and the U.S., which are partly owned by the brand and partly managed on a franchise basis. ...
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Article
Gucci sells less
Gucci, the star brand of the Kering group, suffered a 2.4 percent sales decline on a currency-neutral basis in the second quarter as compared to the same period a year ago. The management again used two arguments - the upgrading of its collections and changing consumption patterns in China - ...
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Article
Softer growth for LVMH
The world's largest luxury goods company has reported a sales increase of 3 percent to €14 billion for the first half of this year. The growth rate amounted to 5 percent on an organic basis, excluding changes in structure or foreign exchange rates, but it shrank to 3 percent in ...
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News briefs
Thierry Oriez, is going to take the place of Oliver...
Thierry Oriez, is going to take the place of Oliver Antignac as general manager of J.M. Weston, the French manufacturer of high-end men's shoes. Oriez comes from Christofle, a big porcelain manufacturer located in the same city, Limoges. Weston had stable sales of around €55 million in 2013.
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Article
Geox sees growth in orders
After a strong improvement in the stores that it directly operates during the first half of this year, Geox is now enjoying a pickup in wholesale orders that should confirm the group's return to growth. Between 2008-2013, Geox' revenues declined by 3 percent on average every year, as the economic ...
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News briefs
Lumberjack is planning to open new stores in Germany, France,...
Lumberjack is planning to open new stores in Germany, France, Austria, Switzerland, Russia and other countries in addition to those it already has in Turkey, Spain, Greece and the Benelux countries. The Italian brand, which came under new management a few months ago, says it has recruited 150 new retail ...
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Article
Flat sales for Grendene
The Brazilian producer of Ipanema, Grendha, Rider, Melissa and Zaxy sandals reported a 1.0 percent drop in net revenues to 397.0 million reais (€129.60m-$173.81m) for the second quarter ended June 30. In terms of gross revenues, a modest 2.4 percent increase to R$102.9 million (€33.59m-$45.05m) in exports was offset by a 4.6 ...
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Article
Flat sales for Gabor
Gabor raised its sales slightly from €205.0 million in the first half of 2013 to €205.5 million in the first half of this year. The figure includes licensees' sales. Growth of 0.3 percent to €173 million was achieved by the company's core Gabor brand of shoes. Camel Active reached sales ...
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Article
Footwear upheld Prada’s first-half sales
Footwear was the best performing product category for the Prada group in the first half ended July 31, which was otherwise a lackluster semester for the fashion group, and Church's was the brand that grew the most.Prada said that it would review its full-year guidance after experiencing a more difficult ...
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Article
A positive first half for German shoe retailers
German retailers recorded a positive first half of this year. The figures reported at the GDS by the German shoe retailers' federation, BDSE, show a 6 percent increase for the period for the sale of shoes through the shoe shops, fashion boutiques, mail-order houses and department stores. On top of ...
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Article
Two Italian firms are in trouble
Bruno Magli and Cesare Paciotti, two well-known Italian brands of shoes in the upper-medium segment of the market, are in financial trouble. The details are sketchy at this stage, due to the holidays in Italy, but it seems that some of their problems stemmed from excessive investments at retail and ...
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Article
Grendene launches Zaxy in Europe
Grendene, the Brazilian company that owns the Ipanema, Melissa, Grendha and Rider brands, has launched Zaxy in Europe, presenting it at the GDS show in Düsseldorf for sale in the stores from spring/summer 2015. Grendene has been able to sell more than 30 million pairs under this brand since it ...
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News briefs
Retailing over the internet dropped for the first time in...
Retailing over the internet dropped for the first time in Germany across all product segments in the second quarter of 2014, according to the German E-Commerce and Mail Order Catalog Association (BEVH). It fell by 5.2 percent to €9.5 billion as compared to a very strong quarter a year ago. ...
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Article
A disappointing year for Nordic shoe retailers
The year of 2013 was not a bright one for the majority of shoe retailers in the Nordic countries. Overall, footwear sales in the region fell by 0.7 percent at constant prices in 2013, down to a total of SEK 12.73 billion (€1,380m-$1,845m), according to an annual survey by Skomagazinet.The ...
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Article
A disappointing quarter at Tod’s
Tod's disappointed investors with weak second-quarter results that sent the share price reeling down by 7 percent and prompted brokers to downgrade their recommendations on the stock. In the quarter, the group's sales dropped by 6 percent to €224 million, partly due to a sharp fall in comparable store sales ...
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News briefs
Digital marketing can be very effective. Selena Gomez reportedly got...
Digital marketing can be very effective. Selena Gomez reportedly got 865,000 likes after introducing her new shoe collection to her 12 million followers on Instagram. The line is a collaboration with Neo, the young and affordable shoe brand of the Adidas Group.
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Article
Porsche Design to develop shoes in-house
Porsche Design has developed and designed its latest shoe collection in its own design studio. Previously, the collection was designed and developed by Müller & Meirer, a company that has held the worldwide license for Porsche Design's shoes and leathergoods since 2006/07. The German company, based in Kirn, produces shoes ...
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News briefs
Keen Footwear describes its new Uneek lifestyle sandal as a...
Keen Footwear describes its new Uneek lifestyle sandal as a revolution that questions conventional shoemaking. It uses two cords to adjust the upper to the foot. First presented at the OutDoor show in Friedrichshafen last month, where it got an award, the new product has been under development for two ...
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Short stops
Francisco Más Verdú from the department of economics at the...
Francisco Más Verdú from the department of economics at the Polytechnic University of Valencia and Timoteo de la Fuente from the European Commission's enterprise and industry directorate general have joined three Spanish footwear brands and a supplier of adhesives on the new board of directors of Inescop, the Spanish footwear ...
