All Shoe Intelligence articles in Volume 17, Issue 20-21
View all stories from this issue.
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Article
Wolverine works on product pricing
To protect its international business from the strong increase in the value of the dollar, Wolverine Worldwide selectively adjusted the prices of some products upwards outside the U.S. earlier this year, recognizing that this could put pressure on sales. As company officials feel that the strength of the dollar will ...
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Article
Tod’s is optimistic
The Tod's group reported a 6.2 percent increase in sales to €786.9 million for the first nine months of 2015, but on a currency-neutral basis the increase narrowed to 0.6 percent. In the third quarter, the growth rate slowed down to 3.1 percent at current currency rates due to weakness ...
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News briefs
Steve Madden is planning to open ten new standalone stores...
Steve Madden is planning to open ten new standalone stores in India by 2016-17. Reliance Brands, which markets Steve Madden in India, already operates some 15 stores of the New York-based footwear brand in the country, in the Indian cities of Delhi, Chandigarh, Ludhiana, Bangalore, Pune, Hyderabad, Mumbai and Kolkata. The ...
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News briefs
Italy will work with researchers and manufacturers in Vietnam to...
Italy will work with researchers and manufacturers in Vietnam to establish a new technology center in the Asian country. The announcement was made in mid-November during a forum on Vietnam-Italy Strategic Dialogue as part of a visit to Vietnam by Italy's head of state, Sergio Mattarella. The center will enable ...
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Article
Vivarte is improving
The parent company of André, Minelli, San Marina and other French shoe and apparel retail chains is apparently doing better since the appointment of an experienced “company doctor,” Richard Simonin, as chief executive a year ago. According to reports in the French press that have been confirmed by a spokeman ...
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News briefs
Momad Shoes, the new trade show launched by Ifema in...
Momad Shoes, the new trade show launched by Ifema in Madrid, will start one day earlier than previously planned. It will take place from March 4 to 6, running from Friday to Sunday at the request of the sector. More than 400 brands of shoes and handbags have committed themselves ...
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Article
Luxury goods sales growth slows
Global sales of personal luxury goods are set to reach €253 billion by the end of the year, which would mean a 1-2 percent increase as compared to 3 percent growth in 2014 in constant currency terms, according to a recent study by Bain & Co in collaboration with Altagamma. ...
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Article
Phoenix Footwear reports lower sales
Phoenix Footwear, the parent of Trotters and SoftWalk, reported an 8.4 percent sales decline in the third quarter ended Oct. 3, with revenues down to $5.82 million. The decline was associated with a reduction of sales of Trotters branded products as the company reduced its presence in a large national ...
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Article
The right figures for Superga
The figures given for Superga in the International Fashion Casual Footwear Chart published the last issue of Shoe Intelligence were incorrect. The brand's wholesale-equivalent sales grew by 51 percent worldwide to €94.3 million in 2014, or $125 million, including $10.5 million in the U.S. This means that the Italian brand ...
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Article
Skechers’ expansion goes on
A sales jump of 52.9 percent in wholesale revenues outside the U.S. contributed to another record turnover for Skechers USA in the third quarter. The company chalked up sales of $856.2 million for the quarter, an increase of 27.0 percent. The international sales hike was achieved despite the impact of ...
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News briefs
The next edition of Expo Riva Schuh will open its...
The next edition of Expo Riva Schuh will open its doors in Riva del Garda on Jan. 16 and run until Jan. 19, 2016. The organizers said they have already received more than 90 percent of re-bookings. The most recent edition, in June 2015, welcomed exhibitors from more than 40 ...
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Article
Steve Madden posts higher sales and earnings
Steve Madden posted a 5.5 percent sales increase in the third quarter compared with the same period of 2014. Sales reached $413.5 million, mostly driven by the ongoing positive performance of the retail segment. Net income was $42.9 million, up from $39.2 million in the prior year's third quarter, with ...
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Article
Kering slows down
We have already reported the recent slowdown in LVMH's fashion and leathergoods segment. After its announcement of an organic sales increase of only 3 percent for this segment in the latest quarter, with flat sales to Chinese customers, a report in the Financial Times indicated that the group had closed ...
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News briefs
A new top manager, Michael Dornseifer, has joined Rohde in...
A new top manager, Michael Dornseifer, has joined Rohde in the position of international sales director. The 48-year-old, who worked already for the German company from 1997 to 2007, will work closely with the two members of its executive board, Harald Neisser and Patrick Ruiz Martin.
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News briefs
Geox and Gabor Shoes have reacted to a documentary on...
Geox and Gabor Shoes have reacted to a documentary on Plusminus, a program on the ARD television network, that showed very poor environmental and labor conditions at an Indian tannery, Skywalk Shoe Industries & Arasababu Associates at Ranipet, near Chennai. Both brands said that the tannery was not among their ...
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News briefs
Görtz has a new managing director, Frank Revermann, who will...
Görtz has a new managing director, Frank Revermann, who will replace Thorsten Hermelink. The 46-year-old will be responsible at the German shoe retail group for sales, marketing, e-commerce and expansion, joining two other members of the executive board, Christian Moritz and Stephan Tendam. Revermann has spent 13 years at Bonita, ...
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News briefs
Tod's has launched Italian Notes, a digital guide to several...
Tod's has launched Italian Notes, a digital guide to several Italian cities. The visitors to its tods.com website can access a special session of the site which features an online guide to the cities of Bologna, Como, Florence, Milan, Montalcino, Naples, Siena, Rome and Venice, with tips on museums and ...
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Short stops
Hunter has opened pop-up shops at various German department stores...
Hunter has opened pop-up shops at various German department stores and one in New York, ahead of the planned opening of three flagship stores outside the U.K. in 2016
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Short stops
Elizabeth Murdoch, daughter of the media magnate Rupert Murdoch, has...
Elizabeth Murdoch, daughter of the media magnate Rupert Murdoch, has joined the board of Jimmy Choo as a non-executive director
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Article
Grendene's margins go up, due to currencies
Grendene managed to report a 21.1 percent increase in net income to 357.1 million Brazilian reais (€86.2m-$92.8m) for the third quarter in spite of declines in the number of shoes sold of 15.1 percent in its domestic market and 17.5 percent abroad. For the parent company of Ipanema, Melissa, Rider ...
