All Shoe Intelligence articles in Volume 16, Issue 19-20
View all stories from this issue.
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Short stops
Prada has opened two new stores in Mexico, one in...
Prada has opened two new stores in Mexico, one in Mexico City and the other in Cancun
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Article
Santoni will make more women’s shoes
Santoni expects to finish 2014 with sales of €64 million, up by 11.5 percent from last year, with 80 percent of the turnover achieved outside Italy. The company had to hire 80 additional staff over the past year, boosting the headcount to some 500, to cope with the rising demand.In ...
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News briefs
Supported by Morgan Stanley, Oliver Kraxner is reportedly set to...
Supported by Morgan Stanley, Oliver Kraxner is reportedly set to take over the shares held in Erich Rohde by other shareholders by the end of this month. Morgan Stanley took over the German shoe company along with a German investment firm, Square Four, in March 2008. The latter has been ...
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News briefs
In a preliminary statement, Steve Madden has warned investors that...
In a preliminary statement, Steve Madden has warned investors that it stands to report a 0.7 percent drop in total sales to $392.0 million, mainly due to weaker than expected performance at the company's retail stores, whose sales went down by 7.4 percent on a comparable store basis. The continued ...
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Article
New owners for Harrys of London
Palladin Consumer Retail Partners, the Boston-based private equity firm that bought Aerosoles in June, has acquired a majority stake in Harrys of London, the British maker and retailer of luxury men's shoes with a high technological content.Harrys of London sells its hand-made shoes along with accessories over the internet and ...
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Article
Wortmann posts slight sales growth
The Wortmann Group, the German company best known for its Tamaris brand, registered a 0.2 percent sales increase to €1,013 million in the fiscal year ended May 31. The export ratio remained steady at 53.2 percent. France, Benelux, Great Britain and Greece showed the most positive evolution. Eastern Europe lagged ...
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Article
Timberland outperforms VF group
Timberland was the star performer at VF Corporation in the third quarter ended Sept. 30. The brand's sales increased by 15 percent globally as well as in Europe during the period. The growth in Europe was the highest for the quarter in several years.In the Americas, Timberland grew by 22 ...
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Article
Netshoes may go public
Netshoes, a Brazilian-based online retailer that has become the world's largest pure e-tailer in the sporting goods sector, is said to be contemplating a public offering, in the wake of other more generalist e-tailers such as Zalando and Alibaba.According to Reuters, Netshoes has been generating an operating profit for the ...
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Article
Foreign momentum helps Wolverine to keep growing
Without changing its profit target for this year or the five-year forecast that it had outlined a year ago, the management of Wolverine Worldwide reduced its guidance for the group's turnover in 2014. Instead of growing by around 3 percent as previously forecast, it will more likely increase by only ...
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Short stops
Toms plans to open a flagship store in lower Manhattan...
Toms plans to open a flagship store in lower Manhattan later this year
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News briefs
There were no results from a first round of negotiations...
There were no results from a first round of negotiations over wage increases between the unions representing German shoe workers and their employers, represented by HDSL. The unions have requested an increase of 6 percent.
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News briefs
Lowa, the German producer of outdoor shoes, has financed the...
Lowa, the German producer of outdoor shoes, has financed the building of a school in Nepal with an investment of €75,000. Matthias Wanner, sales manager at Lowa, handed the check over to the Nepalhilfe Beilngries association during a benefit performance by Gerlinde Kaltenbrunner and Ralf Dujmovits, athletes sponsored by Lowa, ...
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Article
Spanish exports keep growing
Exports of Spanish footwear and leathergoods continue to grow, according to IFEMA's foreign trade report, compiled from data by the Spanish Footwear Industries Federation (Fice) and the Spanish Association of Manufacturers of Leather Goods (ASEFMA). The figures were released by IFEMA on the occasion of the Momad-Metropolis fashion fair in Madrid ...
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News briefs
Sarenza, the French e-tailer specializing in high-margin shoes, has launched...
Sarenza, the French e-tailer specializing in high-margin shoes, has launched its own private brand. The Sarenza collection comprises 80 models designed by internal teams, which are sold for between €109 and €189. The company reported a turnover of €150 million in 2013, although it did not reveal details on its ...
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Article
MBT’s owner gets new equity
Star 360 Holdings, the Singapore-based company that took over MBT in 2012, has announced that it has secured distribution rights for Birkenstock and Cole Haan in Singapore, Malaysia, Thailand, the Philippines and Indonesia, adding to its extensive brand portfolio.The company, which is run by Andy Chaw, has also announced that ...
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News briefs
In spite of the tense political and economic situation in...
In spite of the tense political and economic situation in Russia, Gucci has almost simultaneously inaugurated two new stores in Moscow, one on Petrovka Street and the other in the Gum shopping center. They measure 1,000 and 750 square meters, respectively. The larger one has a space for custom-made men's ...
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News briefs
In a preliminary statement, Shoe Zone stated that its earnings...
In a preliminary statement, Shoe Zone stated that its earnings will be in line with investors' expectations for the financial year ended on Oct. 4, but at £8.5 million (€10.8m-$13.7m), the net cash position at year-end was significantly higher than the market has expected. As planned, sales were down to ...
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Article
LVMH disappoints
LVMH's sales fell by 3 percent in Asia during the third quarter ended Sept. 30, excluding Japan. They increased in all the other major markets, even in Europe. On an organic basis, the group's sales went up by 4 percent in the quarter, after increases of 6 percent in the ...
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News briefs
Heinz-Horst Deichmann, the founder of the Deichmann footwear retail group,...
Heinz-Horst Deichmann, the founder of the Deichmann footwear retail group, has died at the age of 88. Born in Essen in 1926, Deichmann studied both theology and medicine but took over responsibility for the small footwear manufacturing business that his parents had founded after the Second World War, turning it ...
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Article
Declining share prices for Zalando and Rocket Internet
We are still wondering whether a new “internet bubble” is emerging in the world of e-commerce, although the equity market in general has weakened. Zalando had a strong start on the Frankfurt Stock Exchange on Oct. 1, with a jump of up to 30 percent in early trading from the ...
