All Shoe Intelligence articles in Volume 16, Issue 3-4
View all stories from this issue.
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Article
Wortmann sets up a U.S. subsidiary
Wortmann has set up a sales subsidiary in the U.S., Tamaris USA, that will start selling the collections of its star brand at the end of this year, in time for the autumn/winter 2014/15 season. The brand, which is said to represent more than half of the group's total turnover, ...
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Article
Tod’s is upheld by Roger Vivier
Tod's managed to keep its sales steady last year thanks to another spectacular performance by Roger Vivier, the high-end designer brand that it licenses from the family of Diego Della Valle. However, the group's overall performance was disappointing, prompting a string of downgrades by financial analysts as the company grew ...
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Article
Prada verticalizes strongly
The Prada Group continued to expand its retail network last year, opening 79 additional stores and reaching a total of 540 directly operated stores (DOS) at the end of January 2014. This included 330 store operating under the Prada banner, 150 for Miu Miu, 52 for Church's and eight for ...
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Article
Macintosh sees signs of recovery and strong online sales
The Dutch non-food retailer posted revenues of €229.2 million in the fourth quarter of 2013, slightly down from the fourth quarter of 2012, when sales had reached €236.6 million. On balance, this 3.1 percent decline marked a recovery from the first three quarters of the year, when sales declined by ...
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Article
Vivarte has new liquidity problems
Vivarte, the parent company of André, Minelli, San Marina, La Halle and 12 other chains of shoe and clothing stores in France, has started a new series of discussions with its 172 creditors to renegotiate the terms for repayment of its remaining debt of about €2.8 billion, stemming from its ...
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Article
Zalando’s margins are less negative
Without confirming the growing rumors about its possible introduction on the stock exchange, Zalando has given rather detailed figures about its financial performance in 2013. Europe's largest online retailer of fashion products reported a few days ago that it grew by 52 percent last year to around €1.76 billion. Following ...
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News briefs
Missoni is on the verge of launching a line of...
Missoni is on the verge of launching a line of shoes and to announce a license for perfumes, according to Reuters. Alberto Piantoni, chief executive of the Italian brand of colorful clothing, told the news agency that, in three years' time, shoes, accessories and fragrances could represent up to 30 ...
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News briefs
Stephan Krug, a veteran of the shoe industry, is replacing...
Stephan Krug, a veteran of the shoe industry, is replacing Marcus Meyer as president and chief executive of Highline United Europe, which markets the brands Ash, French Connection, Julian Hakes, Elie Tahari and Nylon for Max Oriental in Europe, the Middle East and Africa. Krug, 51, set up his own ...
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News briefs
In a preliminary statement, Steve Madden reports a sales increase...
In a preliminary statement, Steve Madden reports a sales increase of 8.6 percent to $342.6 million in the fourth quarter ended last Dec. 31. While wholesale revenues grew by 10.6 percent, retail sales rose by only 1.7 percent to $69.5 million, and they were off by 1.7 percent on a ...
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Short stops
Stuart Weitzman opens a second store in Hong Kong...
Stuart Weitzman opens a second store in Hong Kong
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Short stops
Melissa is opening its first store in Portugal, located in...
Melissa is opening its first store in Portugal, located in the Colombo shopping mall of Lisbon
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Article
Wolverine grows more slowly than expected
Sales increased by only 0.6 percent on a pro-forma comparable basis for Wolverine Worldwide in the fourth quarter ended last Dec. 28, due in particular to the impact of the early and protracted cold weather in the U.S., which led many consumers to buy boots as of last September. Merrell ...
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News briefs
Essenz, the order show that took place last year for...
Essenz, the order show that took place last year for the first time as an event competing with the Moda made in Italy in Munich, will again be held simultaneously with the Moda made in Italy in 2014. After the Moda made in Italy changed its date from April to ...
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News briefs
Ruco Line will open a special store at the end...
Ruco Line will open a special store at the end of March on via del Babuino in Rome. Designed by a French architect, Jean Nouvel, it will use gypsum and steel to the maximum to put the spotlight on the individual shoe styles, presented like paintings in an art gallery. ...
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News briefs
Two Ten Footwear Foundation has elected two new officers and...
Two Ten Footwear Foundation has elected two new officers and six members to its 2014-2015 board of directors. Blake Krueger will be the chairman of the new board. He is chairman, president and chief executive of Wolverine Worldwide. Diane Sullivan, president and chief executive of Brown Shoe Company, will be ...
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Article
Skechers' earnings soar
The momentum that the company experienced in the first nine months of 2013 continued through the fourth quarter, in spite of adverse weather conditions in the U.S., resulting in the second highest fourth quarter sales in the company's history.Skechers USA posted sales of $450.7 million in the fourth quarter ended ...
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Article
LVMH slows down
LVMH's Fashion & Leather Goods division suffered a 0.4 percent drop in its revenues to €9,882 million last year, with retail sales growing from 51 to 52 percent of revenues, and its operating profit fell to €3,140 million, with the operating margin down to 32 percent from 33 percent.On an ...
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News briefs
DLM, the German Leather Museum in Offenbach, will open next...
DLM, the German Leather Museum in Offenbach, will open next month a special exhibition of 40 prototypes of shoes created by the late Roger Vivier in the 1930s, when he was young. The items are being lent by Tod's, which is licensing the Roger Vivier brand name, as well as ...
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Short stops
Highline United is diversifying into handbags
Highline United is diversifying into handbags
