All Shoe Intelligence articles in Volume 16, Issue 9-10
View all stories from this issue.
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Article
Mixed results for Weyco
Strong sales increases for Bogs in North America and for Florsheim Australia helped Weyco Group to post a 2 percent sales increase to $74.9 million in the first quarter of this year. Operating profit went up by 4 percent to $4.9 million and net earnings increased marginally to $3,250,000.North American ...
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Article
VF reshuffles its management
VF Corporation, which bought Timberland three years ago, has made several changes to the management structure for the brand, which is beginning to perform particularly well in Europe and globally (see separate story on the results), thanks in part to its well-oiled brand management mechanisms and to synergies with the ...
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News briefs
Inescop, the Spanish technical institute, has set up a working...
Inescop, the Spanish technical institute, has set up a working group to study all the aspects of the children's feet and the manufacture of children's shoes in order to ensure that their use does not involve any risks. Inescop is an active participant in the committees of the European and ...
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News briefs
LVMH might increase its stakes in R.M. Williams, the maker...
LVMH might increase its stakes in R.M. Williams, the maker of the jackaroo boots. The French luxury conglomerate acquired a 49.9 percent stake in the Australian brand last year and might be exploring the possibility of taking over the remaining 51.1 percent by the end of the year, according to ...
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Article
Yue Yuen posts higher sales and profits
Yue Yuen Industrial has reported a 7.3 percent revenue increase for the first quarter ended March 31 to US$1.83 billion. Net profit for the holding company, which is listed on the Hong Kong Stock Exchange, was US$70.20 million, up 13.9 percent as compared to the same period last year.Recurring operating ...
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Article
Mother nature helps Ugg
Aided by the cold weather in the U.S., sales grew by 15.8 percent to $197.6 million for Ugg in the three months ended March 31, leading to an 11.7 percent increase to $294.7 million for its parent company, Deckers Outdoor Corporation.The company considers the quarter as a transitional quarter because ...
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News briefs
The U.S. plans to withdraw GSP status for Russia. The...
The U.S. plans to withdraw GSP status for Russia. The measure would results in normal duties on nearly $300 million worth of products imported from Russia, but footwear and most types of apparel are excluded from the GSP program that applies to that country.
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Article
Strong growth for Timberland and Vans
VF Corporation has upgraded its sales forecast for Timberland after a very good first quarter in which the brand's sales rose by 12 percent, two percentage points better than the group had expected in February. As for The North Face, its sales went up by 14 percent in the quarter, ...
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Article
Kering splits luxury goods management
Kering has announced the creation of two new divisions to run separately the increasing number of luxury brands of the French-based group, formerly called PPR, with the exception of its biggest brand, Gucci. Alexis Babeau, who has been the managing director of its luxury division since March 2011, is leaving ...
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Article
Skechers’ momentum is going on this year
Skechers USA lifted its sales by 21 percent to $546.5 million in the first quarter, with double-digit growth in Europe, Canada, China and other parts of the world. Driving the company's momentum, wholesale revenues grew by 20.7 percent in the U.S. and sales outside the U.S. went up by 26.3 ...
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Article
Shoe Zone goes public
Shoe Zone, the second-largest British shoe retailer after Clarks, is going to start trading on London's Alternative Investment Market (AIM) on May 23. Mentioning the coast of Spain and Poland among the management's current priorities, the company said it will investigate opportunities for expansion outside the U.K. after the flotation, ...
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News briefs
The global luxury goods market is going to grow this...
The global luxury goods market is going to grow this year by 6 percent in terms of current currencies, according to the latest estimates by Altagamma, including a 9 percent increase in Japan. The institute also predicts that the companies in the sector will raise their operating earnings by seven ...
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News briefs
A German online platform, testsieger.de, tested ten online stores for...
A German online platform, testsieger.de, tested ten online stores for shoes with regard to their products, prices, service and telephone, website, orders and dispatch and security in April 2014. The online retailer from Berlin, Zalando, received the best grade, 1.53, followed by I'm walking and Deichmann. Testsieger.de compared the online ...
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Article
Yoox had mixed results in the first quarter
Yoox reported a 14.6 percent sales increase for the first quarter ended March 31, boosted by growth in all its main markets. Revenues for the quarter came in at €126.5 million. However, the quarterly net profit was impacted by continued and substantial investment in technology and the effect of currency ...
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News briefs
Lahr Schuhe, which was purchasing shoes together with Fink Schuhe...
Lahr Schuhe, which was purchasing shoes together with Fink Schuhe + Sport before Fink filed for bankruptcy in January 2014, has found an investor. Fritz Schuhe + Sport will take over seven stores of the insolvent shoe retail company. Two months after the company filed for bankruptcy in February 2014, ...
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News briefs
Fratelli Rossetti has halted the search for a financial partner...
Fratelli Rossetti has halted the search for a financial partner after a series of discussions. The Italian family-owned company was looking for a partner to help it to expand more quickly in foreign markets such as China. Its exports grew by 10 percent last year, representing about half of the ...
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Article
Macintosh intensifies its fashion focus
Macintosh Retail Group has decided to sharpen its strategy and to accelerate its transformation into a multi-channel retailer of shoes and other fashion products, closing down additional stores and divesting its home decoration business, Kwantum. The Dutch group presented a new program under the title “Rebalancing for Profitable Growth” at ...
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News briefs
Two executives of Görtz have left the German shoe retailing...
Two executives of Görtz have left the German shoe retailing group, in which Afinum is set to acquire a 40 percent stake. One is Jörn Peters, joint managing director in charge of finance, whose four-year contract was due to expire at the end of this year. The other one is ...
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Article
Justin sets up a European sales force
Justin Brands, the famous American producer of western boots, has put together a network of more than 14 sales representatives with extensive footwear experience in Europe to connect with retail clients in 18 countries. It has commissioned a European warehouse, operated by Euro Logistic in Lanaken, Belgium, and appointed a ...
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Article
Merrell and Europe outperform at Wolverine
Wolverine Worldwide reported a 2.8 percent drop in its revenues to $627.6 million for the first quarter of its financial year, ended on March 22. However, the management told financial analysts that Merrell grew by a “very strong” double digit during the period, and that the group's overall sales went ...
