All Shoe Intelligence articles in Volume 16, Issue 17-18
View all stories from this issue.
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Short stops
Prada has opened a new store in Taiwan, located in...
Prada has opened a new store in Taiwan, located in the SKM mall of Taichung
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Article
New negative trends in Italy
Italian shoemakers saw their production volumes decline by 1.6 percent in the first half of this year, after the 1.8 percent increase recorded for all of 2013, according to a survey by their trade association, Assocalzaturifici. In terms of value, their sales went up by only 0.6 percent during the ...
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News briefs
MBT is placing its Italian and Spanish sales subsidiaries under...
MBT is placing its Italian and Spanish sales subsidiaries under common management. They will both be run by Dario Bonazza, who has been with the company for almost two years. For his part, Benjamin May is leaving as general manager of MBT Spain to act as general manager of Grupo ...
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Article
Profitable Zalando prepares its IPO
Both Zalando and one of its initial shareholders, Rocket Internet, are poised to announce their entry on the Frankfurt stock exchange. Zalando began to offer new shares to institutional investors yesterday, coinciding with the start of a roadshow for potential investors across Europe and the U.S.. The company is set ...
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Article
Hermès and LVMH make peace
The two luxury goods groups have agreed to put an end to their legal quarrels following an agreement on the redistribution of LVMH's 23.2 percent stake in Hermès International, worth about €6.8 billion, among its own shareholders. By next Dec. 20, the latter will receive one share in Hermès for ...
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Article
Stella posts some gains
Stella International has reported a 3 percent increase in net income to 52,378,000 yuan renmimbi (€6.47m-$8.53m) for the six months ended on June 30. Shoe deliveries declined slightly to 23.7 million pairs from 23.8 million pairs in the same period a year ago, but average selling prices rose by 5.6 percent ...
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Article
Karstadt’s future is uncertain
The management of Karstadt is going to review the details of a program intended to eliminate the losses of its 83 regular department stores, discussing it with its employees and their union representatives, until the next meeting of its new supervisory board on Oct. 23. Like other department store operators, ...
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News briefs
Guccio Gucci, the great-grandson of the Gucci founder of the...
Guccio Gucci, the great-grandson of the Gucci founder of the same name, has been arrested for alleged fraud worth €800,000. The entrepreneur's company Esperienza, which created the “To be G” handbag range, filed for bankruptcy in December 2013. Mr. Gucci is accused of removing €800,000 in cash and assets from ...
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News briefs
Vivarte, which is getting out of its financial problems, has...
Vivarte, which is getting out of its financial problems, has opened a pilot store for children's shoes in Paris' rue du Commerce, called La Halle Kids Shoes. It features about 600 SKUs on 68 square meters, divided into separate areas for babies, kids and adolescents. It will offer a special ...
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Article
Rocket Internet launches a new Global Fashion Group
Rocket Internet, which is also based in Berlin, is set to be listed on the Entry Standard of the Frankfurt Stock Exchange before the end of this year. Reportedly, the company is planning to float initially between 10 and 15 percent of the capital, seeking a valuation of around €5 ...
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Short stops
Lotus has put out an XL Extralight line of shoes...
Lotus has put out an XL Extralight line of shoes that combine comfort, flexibility and shock absorption
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Article
Ferragamo keeps growing in Europe
Salvatore Ferragamo managed to maintain its growth rate in Europe during the second quarter at the similar rate as in the first three months of the year in spite of a decline in tourist spending and stagnant economic growth on the continent. In the first half of the year, the ...
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News briefs
Earlier, at a party in New York last June marking...
Earlier, at a party in New York last June marking its 70th anniversary, the Footwear Distributors and Retailers of America (FDRA), gratified Wolverine with an award for “Advocate of the Year.” The trade association also gave its Brand Focus award to one of Wolverine's brands, Merrell.
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News briefs
Russian and Japanese visitors spent less in Europe during the...
Russian and Japanese visitors spent less in Europe during the first half of 2014 as compared to the same period a year ago, according to Global Blue, the leading tax-free shopping operator, but Chinese spending continued to go up. Russians spent 7 percent less in France and the rate of ...
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Article
DSW lifts earnings forecast
DSW earned $34.3 millionin the second quarter ended Aug. 2, bolstered by improving sales and reduced expenses. The adjusted net income was $33.6 million, down from $44.6 million in the same period a year earlier was $44.6 million.Revenues increased to $587.1 million from $562.1 million in the same quarter a ...
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Article
Genesco’s sales go up but earnings disappoint
Genesco reported sales of $615.5 million for the second quarter ended Aug. 2, 2014, up 7.1 percent from the second quarter of the previous year. Schuh Group, the chain owned by Genesco in the U.K., posted sales of $99.8 million in the quarter, up from $82.1 million a year earlier. ...
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News briefs
Desma is showing some very sophisticated new polyurethane injection molding...
Desma is showing some very sophisticated new polyurethane injection molding machinery at its House Fair in Germany. The company says that its new Amir version, which has been developed with the collaboration of Bayer, can dramatically reduce the need of manpower to only three minutes per pair, a drop of ...
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News briefs
Diego Della Valle and other members of his family have...
Diego Della Valle and other members of his family have taken advantage of the depressed share value of Tod's to raise their financial stake in the company. They bought 216,885 shares between Aug. 12 and 19, corresponding to 0.7 percent of the total equity, paying a total of around €17.3 ...
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News briefs
Heinrich Deichmann, who runs the shoe retail group by the...
Heinrich Deichmann, who runs the shoe retail group by the same name, is getting a special prize for social responsibility from the Konrad Adenauer Foundation, following a jury verdict. The jury praised in particular the relationship of trust between the Deichmann family and its employees, suppliers and customers.
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News briefs
Confirming a previous report, the Wortmann group says that Jan...
Confirming a previous report, the Wortmann group says that Jan Brinkmann has been appointed president and chief executive of Tamaris USA, a new subsidiary for marketing and sales of Tamaris' shoes and accessories in North America. He has been actually in the post since April. Brinkmann has been living and ...
