All Shoe Intelligence articles in Volume 17, Issue 20-21 – Page 5
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News briefs
Caleres, the American group previously called Brown Shoe Co., is...
Caleres, the American group previously called Brown Shoe Co., is targeting an increase in the operating margin to 8 percent of sales by 2020 from a foreseeable ratio of 5 percent in 2016, based on a new five-year plan that calls for compounded average annual growth (CAGR) in sales of ...
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Article
Alpargatas sells Rainha and Topper
Alpargatas announced the sale of the Rainha and Topper brands of sports shoes in Brazil as well as a 20 percent stake in Topper Argentina, the parent company of Topper. The buyer of these assets is the Sforza group, which is owned by Carlos Wizard Martins, a Brazilian entrepreneur who ...
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A German private-sector watchdog, the Centre for Protection against Unfair...
A German private-sector watchdog, the Centre for Protection against Unfair Competition, has filed a suit in a regional court in Berlin against Zalando, accusing the e-tailer of false advertising. The suit alleges that Zalando had made customers believe that they had to act to buy certain clothing items on its ...
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Marc O'Polo has decided to work again with Hamm Market...
Marc O'Polo has decided to work again with Hamm Market Solutions (HMS) for the design, development and sourcing of its footwear collection, starting with the spring/summer 2016 season. HMS will take care of the design through a Swedish studio in which it has a financial stake. Marc O'Polo will continue ...
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After looking at the audits performed on several shoe factories,...
After looking at the audits performed on several shoe factories, the FDRA (Footwear Distributors & Retailers of America) recognized that six of them deserved to be named this year as Responsible Footwear Manufacturers because they have been following FDRA's code of conduct. The factories are: Remington Products Company of Wadsworth, ...
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CCMP Capital Advisors has completed the acquisition of a controlling...
CCMP Capital Advisors has completed the acquisition of a controlling interest in Shoes For Crews, a specialist in slip-resistant footwear. The Smith family, the company's founders, will rollover a portion of their equity as part of the transaction. Founded in 1984, Shoes For Crews produces footwear which is supposed to ...
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Shoes.com has acquired Richer Poorer, the Los Angeles-based brand of...
Shoes.com has acquired Richer Poorer, the Los Angeles-based brand of lifestyle socks. The footwear and apparel e-tailer said the acquisition is part of its plan to expand its offering into the accessories and apparel categories. Richard Poorer was founded in 2010 in Southern California. Since then the men's sock category ...
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Authentic Brands Group, which recently acquired the Tretorn brand from...
Authentic Brands Group, which recently acquired the Tretorn brand from Puma, has appointed Marc Fisher Footwear as its footwear licensee. For Authentic Brands, which is more specialized in apparel, the deal indicates that the Tretorn brand will move more into the luxury market, especially in footwear.
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News briefs
Shoe and accessories will be accommodated into a single hall...
Shoe and accessories will be accommodated into a single hall at the Panorama fashion fair in Berlin on Jan. 19-21. More than 100 suppliers will show their products in a dedicated space of around 3,000 square meters in Hall 8 of the fair.
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Short stops
Creamodaexpo, the new fair for shoe, leathergoods and clothing accessories...
Creamodaexpo, the new fair for shoe, leathergoods and clothing accessories and components in Bologna, was attended by 112 exhibitors and 9,600 visitors, including 1,200 foreigners
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News briefs
Ballin celebrated its 70th birthday with a big party at...
Ballin celebrated its 70th birthday with a big party at the Villa Pisani in Stra, near Venice, and the restoration of a portion of the villa itself including the “Sala delle Atti e dei Paesaggi,” which features precious paintings of Gianbattista Tiepolo. During the party, on Oct. 10, Giorgio Ballin ...
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The growth of Hermès International slowed down to 7.9 percent...
The growth of Hermès International slowed down to 7.9 percent in the third quarter in terms of local currencies from 9.7 percent in the second quarter, and the management continues to forecast an increase of 8 percent for the full financial year. Travel retail was evidently the engine of growth ...
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News briefs
Mephisto is celebrating its 50th anniversary with a nice and...
Mephisto is celebrating its 50th anniversary with a nice and heavy 180-page book that recounts the company's interesting history through text and pictures. The brand was originally called Michaela after the name of its German-French founder, Martin Michaeli. Trained in Pirmasens, he spent a few years in the U.S. before ...
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Article
Yue Yuen grows by 5.8%, led by retail
The total revenues of Yue Yuen Industrial Holdings increased by 5.8 percent to $6,277.5 million in the first nine months of this year, but they were lifted by a 19.6 percent rise to $1,741.6 million in the retail sales of Pou Sheng, the Chinese retail subsidiary of the group.In the ...
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News briefs
India's exports of leather shoes fell by 4.7 percent to...
India's exports of leather shoes fell by 4.7 percent to the equivalent of $962.7 million in the five months from April through August 2015, says the country's Council for Leather Exports (CLE). Total foreign sales of leather and leather products declined by 7.6 percent to $2,653.6 million during the period, ...
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News briefs
MBT, the company reportedly acquired by Star 360 of Singapore...
MBT, the company reportedly acquired by Star 360 of Singapore for $10 million three years ago, is introducing next spring its own line of running shoes, consisting of three styles, accompanies by branded compression apparel and socks. The shoes feature the brand's rocker construction and use a proprietary sensor technology ...
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News briefs
Beating analysts' expectations, Alibaba Group Holdings reported a 32 percent...
Beating analysts' expectations, Alibaba Group Holdings reported a 32 percent increase to $3.49 billion in revenues for the second quarter of its financial year, ended on Sept. 30. Sales through mobile devices nearly tripled to $1.66 billion. The total gross merchandise volume on its Chinese marketplaces went up by 28 ...
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News briefs
Iconix Brand Group reported a lower-than-expected net loss of $6.3...
Iconix Brand Group reported a lower-than-expected net loss of $6.3 million for the third quarter, compared with profit of $33.7 million in the year-ago period. Licensing revenues declined by 3 percent to $88.9 million, but they were flat in constant currencies. The company, which owns Candie's, Ed Hardy, London Fog, ...
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News briefs
Hilde Röseler died on Oct. 27, a few weeks after...
Hilde Röseler died on Oct. 27, a few weeks after the celebration of her 100th birthday. Together with her husband Paul Röseler, she ran a shoe shop in Solingen-Ohligs in the 1930s and 1940s. She accompanied and supported him after he founded Ara in 1949. The company is still controlled ...
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Article
Tax-free shopping in Europe grows by 26%
Covering all kinds of products, tax-free shopping increased by 26 percent in the European Union during the first nine months of 2015, according to Global Blue. However, analysts are concerned about the fourth quarter of the year, which represents 30 percent of the total turnover of the luxury goods sector ...
