All Shoe Intelligence articles in Volume 17, Issue 10-11
View all stories from this issue.
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News briefs
Rocket Internet, which went public last October, is preparing a...
Rocket Internet, which went public last October, is preparing a similar IPO for the Global Fashion Group (GFG), an entity it created last year to bundle its major e-commerce operations outside Europe, according to the German Manager magazine. GFG's fast-growing clones of Zalando continued to generate losses in 2014, but ...
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Short stops
Zara is taking over the space left vacant by Humanic...
Zara is taking over the space left vacant by Humanic on the prestigious Schildergasse in Cologne, opening its biggest store in Germany next autumn
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News briefs
Prada has opened a store in the Steindl Haus, a...
Prada has opened a store in the Steindl Haus, a historical landmark building in the center of Salzburg, which preserves much of the flavor of the 14th century house. Prada has also opened a store in Johannesburg.
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Article
Record quarterly results for Grendene
The Brazilian parent company of Ipanema, Melissa, Rider, Grendha and other footwear brands reported a record first-quarter net profit of 136.9 million reais (€39.8m-$43.6m) for the first three months of 2015. It was 41.8 percent higher than in the year-ago period and came after increases of 4.6 percentage points in ...
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Article
Good progress for Vans and Timberland
Sales of VF Corp.'s outdoor and action sports division, with brands ranging from The North Face to Timberland and Vans, among others, advanced in the first quarter by 2 percent to $1.6 billion, which amounted to a rise of 10 percent in constant currencies. Vans lifted its sales by 16 percent ...
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Short stops
Fratelli Rossetti has opened its third French store in Lyon...
Fratelli Rossetti has opened its third French store in Lyon
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News briefs
Gucci has signed a joint venture with its long-standing franchise...
Gucci has signed a joint venture with its long-standing franchise partner Gmt Investcorp. The agreement has already led to the opening of a new boutique in Johannesburg, at Nelson Mandela Square, in the Sandton area. The boutique was inaugurated on May 23. The Italian luxury brand has another shop in ...
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News briefs
Phoenix Footwear Group, the parent of Trotters and SoftWalk, reported...
Phoenix Footwear Group, the parent of Trotters and SoftWalk, reported a 16.7 percent sales growth to $6.7 million for the first quarter ended April 4, as compared to the first quarter a year ago. Growth was driven by a 143 percent jump in the sales of licensed footwear sold into ...
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News briefs
Mirapodo, the five-year-old online footwear store of the Otto Group,...
Mirapodo, the five-year-old online footwear store of the Otto Group, has extended its reach from Germany, Austria and Switzerland to all the other member countries of the European Union. However, all the pages on the website are still only in German. Shipment costs vary from one country to another. The ...
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News briefs
Salvatore Ferragamo is launching Ties MTO (Made to Order), a...
Salvatore Ferragamo is launching Ties MTO (Made to Order), a range of customizable ties. As from mid-May a selection of boutiques worldwide have been offering customizable variations on the Ferragamo tie which are made to order in a range of sizes, fabrics and colors, making it possible for numerous different ...
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News briefs
Pittarosso, the Italian shoe retailer, is reportedly planning to expand...
Pittarosso, the Italian shoe retailer, is reportedly planning to expand its French retail network to 60 stores in three years' time. The company opened its first three French stores last year and intends to open a further 10 this year. It also aims to be ready to enter new foreign ...
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Article
Ferragamo is supported by the weak euro in volatile trading
Salvatore Ferragamo reported higher profit margins on a 9.5 percent increase in first-quarter sales to €327.3 million, as the euro's depreciation against major currencies offset a volatile business environment due to geopolitical tensions in Russia, Ukraine and Greece. At constant currency rates, the top line rose by 2.1 percent. The ...
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News briefs
Esprit has sent out a new profit warning, indicating that...
Esprit has sent out a new profit warning, indicating that it will likely report significant losses for the financial year ending June 30, due in large part to aggressive discounting in Europe to clear excess inventories through January, store closures and the reorganization of the company's business in China. In ...
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Article
DSW posts stronger sales and profits
DSW reported a 9.4 percent increase in sales to $655 million in the first quarter ended May 2, as compared to the prior year's quarter. Comparable store sales went up by 5.1 percent and the overall store traffic improved by 7 percent. The American discount-oriented retailer for designer shoes and accessories ...
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Article
Dosenbach-Ochsner weathers the Swiss storm
Last year, Dosenbach-Ochsner, Switzerland's leading shoe and sporting goods retailer, lifted its sales by 5.6 percent to 966 million Swiss francs (€934.7m-$1,019.9m) The number of pairs of shoes sold increased by about 400,000 to 13.5 million. The Swiss subsidiary of Deichmann emphasized that it managed to extend its leading role for ...
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News briefs
Mario Hotz is joining Karl-Heinz Müller as joint managing director...
Mario Hotz is joining Karl-Heinz Müller as joint managing director of Bread & Butter, which is still insolvent. Hotz, 51, joined the Berlin-based trade fair organizer in March as commercial director, in charge also of finance and controlling. He is described as a management consultant with experience in financial turnarounds.
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Article
A single digital strategy for the EU
The European Commission is proposing the adoption of a “Digital Single Market Strategy” for all the 28 member countries of the European Union by the end of 2016. The general plan is to abolish national regulatory walls on e-commerce, to create a level playing field for innovative digital networks in ...
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Article
Crocs reports lower results, but Europe is up
Crocs reported a decline in sales of 16.1 percent to $262.2 million for the first quarter, but they fell by only 6 percent in local currencies, and Europe outperformed the rest of the world. Wholesale revenues grew in Europe by 18.1 percent on a currency-neutral basis, but they were off ...
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Short stops
Peter Kaiser plans to open its first corporate single-brand store...
Peter Kaiser plans to open its first corporate single-brand store in Wiesbaden at the end of August
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Article
Vulcabras continues to improve
The parent company of Azaleia, Dijean and Olympikus, which is about stop marketing Reebok in Brazil and other Latin American countries, reported a positive operating profit for the second quarter in a row. Vulcabras reached Ebitda of R$ 17.6 million (€5.1m-$5.8m) in the three months ended March 31, compared with ...
