All Shoe Intelligence articles in Volume 16, Issue 15-16 – Page 2
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News briefs
Daphne International says that its stores suffered a further decline...
Daphne International says that its stores suffered a further decline on a same-store basis in the second quarter ended June 30. They fell by 2.4 percent after a drop of 9.5 percent in the first quarter. Widepread flooding in China affect store traffic in May. The Chinese company reduced the ...
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Article
Crocs streamlines
Six months after receiving a $200 million investment from the Blackstone Group, Crocs announced a major strategic performance improvement plan revolving around four key initiatives:(1) streamlining the global product and marketing portfolio,(2) reducing direct investment in smaller geographic markets,(3) creating a more efficient organizational structure including reducing duplication and excess ...
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Itochu Corporation, the Tokyo-based trading house, will sell Hunter's footwear,...
Itochu Corporation, the Tokyo-based trading house, will sell Hunter's footwear, clothing and other products in Japan starting next year. To this end, the two companies have reached an agreement to establish a joint venture, Hunter Japan K.K. Hunter will work with a subsidiary of the Japanese conglomerate, Itochu Home Fashion ...
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News briefs
Moody's has upgraded the corporate rating of Wolverine Worldwide from...
Moody's has upgraded the corporate rating of Wolverine Worldwide from Ba3 to Ba2. The rating agency has indicated that Wolverine is running fewer credit risks as its net debt has fallen below $900 million, the lowest level since its acquisition of the Sperry Top-sider, Keds, Stride Rite and Saucony from ...
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Short stops
Pablosky continues to expand in the Middle East with stores...
Pablosky continues to expand in the Middle East with stores in Ankara and Istanbul
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News briefs
Complementing the financial information given last month in connection with...
Complementing the financial information given last month in connection with its refinancing, Macintosh Retail Group reported a net loss of €31.2 million for the first half of this year, compared with a loss of €17.3 million in the year-ago period. Operating losses (Ebit) increased to €27.5 million from €15.3 million, ...
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News briefs
PLDT, the telephone company in the Philippines, is paying the...
PLDT, the telephone company in the Philippines, is paying the equivalent of €333 million to acquire a 10 percent stake in Rocket Internet, with the idea of jointly developing new technologies for mobile and online payments for the developing countries. Founded by the three Samwer brothers in 2007, Rocket Internet ...
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News briefs
SC Johnson plans to close Melvo's factory in Ludwigsburg, Germany,...
SC Johnson plans to close Melvo's factory in Ludwigsburg, Germany, in June 2015. The shutdown would affect 150 employees. Melvo's operations are set to be integrated into SC Johnson's wider range of shoe care products.
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News briefs
Pou Chen, the world's largest shoe manufacturer and parent company...
Pou Chen, the world's largest shoe manufacturer and parent company of Yue Yuen, is said to be planning to set up its first factory in Myanmar, the former Birmania, with an investment of around US$100 million. Located near the country's capital, Yangon, it would have an annual capacity for nine ...
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Short stops
Dielmann, one of the major German shoe retail chains, is...
Dielmann, one of the major German shoe retail chains, is taking over Geier, a big shop of 3,000 square meters in the city of Erfurt
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News briefs
Pasito, the Swiss shoe retail chain formerly owned by Görtz,...
Pasito, the Swiss shoe retail chain formerly owned by Görtz, says it improved its results in the first half of this year after closing three stores. Sales grew by 2.7 percent on a same-store basis, thanks in part to the introduction of more accessories, leathergoods and women's clothing. The company, ...
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Article
Office’s owners want to cash out
Silverfleet Capital is reported to be on the verge of hiring JP Morgan as an adviser to review strategic options including a public offering or the outright sale of the trendy British shoe retail chain. Observers feel that Office already has a good grip on the young fashion market in ...
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Article
The new GDS came through well
Many of the exhibitors at the GDS show in Düsseldorf praised its earlier dates and its new concept, with its new layout and a clearer segmentation into three themed worlds, and the numerous other initiatives taken by the team led by Kirstin Deutelmeuser to re-engineer the fair and make more ...
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Article
German fund buys Scholl Footwear
A German-based investment fund, Aurelius Group, is acquiring the footwear division of Reckitt Benckiser, represented by the Scholl brand, for an undisclosed amount. The business generates an annual turnover of around €90 million, and the biggest markets are Italy and Germany. The takeover doesn't cover the rights to the Scholl ...
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Article
Europe is a bright spot in Crocs’ revenues
Crocs saw its revenues increase by 3.6 percent to $376.9 million in the second quarter ended June 30, in line with the company's expectations. On a constant currency basis, they went up by 3.5 percent. For the three months, the company posted a net income of $19.5 million, down from ...
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News briefs
Pentland Brands welcomed the British Prime Minister, David Cameron, and...
Pentland Brands welcomed the British Prime Minister, David Cameron, and Deputy Prime Minister, Nick Clegg, to its global headquarters in London on July 25. The visit by the Conservative and Liberal Democrat party leaders was part of an exercise to see examples of flourishing British businesses. Pentland is a third-generation ...
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Article
Timberland names new brand president
Timberland has promoted Stewart Whitney, who is currently vice president and managing director for the Timberland and Napapijri brands in Asia, to brand president effective Oct. 5, 2014. Whitney will report to Patrik Frisk, who has held what is to become Whitney's new position since the brand's acquisition by VF ...
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News briefs
Softwaves, the shoe brand from Portugal, expects stable sales in...
Softwaves, the shoe brand from Portugal, expects stable sales in 2014. In the previous year, Softwaves managed to increase its sales by 15 percent to €6.5 million. The Portuguese shoe manufacturer recently started to export to Brazil. The number of employees working for the brand increased by 10 percent in ...
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News briefs
Viking Fottoy, the Norwegian producer of Gore-Tex boots and shoes,...
Viking Fottoy, the Norwegian producer of Gore-Tex boots and shoes, is looking for suitable distribution in North America after settling trademark disputes with companies in the U.S. and Canada that have been using the Viking brand name for other types of shoes. The U.S. company, Alliance Mercantile, is going ...
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Article
Growing Birkenstock plans to license other types of products
Birkenstock plans to enter the global licensing business by means of collaborations in four areas: healthy living & sleeping, healthy working environment, healthy feet & walking and healthy lifestyle. With licensing deals in these sectors, the German brand hopes to reinforce its image of comfort and to appeal to new ...
