All Shoe Intelligence articles in Volume 17, Issue 22-23
View all stories from this issue.
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Article
New trends in the Russian market
We all know that the footwear market in Russia is going through hard times, but some are doing better than others, including some local manufacturers. Overall imports of finished shoes fell by about 20 percent during the first half of 2015 as compared to the same period in 2014, due ...
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Article
Kering sells Sergio Rossi
Kering, the parent company of Gucci and many other luxury goods brands, had indicated for some time its intention to divest Sergio Rossi, an Italian brand of high-end women's shoes that has not been profitable for some time. Kering has finally announced an agreement to sell 100 percent of its ...
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Article
Nordstrom invests in Shoes of Prey
Nordstrom has participated in a $15.5 million round of investment raised by Shoes of Prey, an Australian start-up that pioneered on-demand customizable fashion footwear. The Aussie start-up has raised $24.6 million so far, with other investors including BlueSky Venture Capital, which has led the latest funding round, as well as ...
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Short stops
Norbert Tillmann, the initiator of the Panorama trade show in...
Norbert Tillmann, the initiator of the Panorama trade show in Berlin, has sold his stake to its two managers, Jörg Wichmann and Christoph Giulini, but he will continue to be involved in an advisory role
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News briefs
Mirapodo, the online shoe store of the Otto Group, has...
Mirapodo, the online shoe store of the Otto Group, has an experienced new head buyer, Heike Isemann. She has been working since the start of 2014 as shoe buyer for KaDeWe, the former premium department store operation of Karstadt. Prior to that she spent three years in the women's footwear ...
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Kurt Geiger has opened handbag-only pop-up shops in the Selfridges...
Kurt Geiger has opened handbag-only pop-up shops in the Selfridges stores in London, Birmingham and Manchester
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Pasito Fricker, the Swiss shoe retailer previously owned by Görtz,...
Pasito Fricker, the Swiss shoe retailer previously owned by Görtz, wants to divest 14 of its 51 stores
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Article
Fagus teams up with Ecco in Portugal
Ecco and Fagus Germany are setting up a common development and production site for shoe lasts in São João de Ver, in Portugal. The new joint venture is called “Fagus Portugal S.A.” and each company holds a 50 percent share of it. The two companies have been collaborating on the ...
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Article
Genesco posts higher sales and earnings but lowers guidance
Genesco reported earnings from continuing operations of $32.9 million for the third quarter ended Oct. 31, up from $28.8 million for the same quarter a year ago. The American retailer's adjusted earnings of $32.2 million were up from $30.3 million in the year-ago period. The group's quarterly sales increased by ...
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Article
DSW posts lower earnings, in line with revised guidance
DSW reported net income from continuing operations of $39.3 million for the third quarter ended Oct. 31, down by 20.7 percent but in line with its most recent projections. Sales decreased by 0.6 percent to $666 million while same-store sales dropped by 3.9 percent. The disappointing performance was attributed to ...
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News briefs
The International Trade Commission in the U.S. has ruled that...
The International Trade Commission in the U.S. has ruled that Skechers' Twinkle Toes and Bobs shoes don't infringe on Converse's trademark for the Chuck Taylor midsole. The judge in the case found that there were enough differences in the design features to avoid confusion among consumers. According to Skechers, the ...
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News briefs
With partial funding from the European Commission, the European Confederation...
With partial funding from the European Commission, the European Confederation of the Footwear Industry (CEC) is launching its first trade mission abroad. Up to 30 shoe companies from all over the EU are invited to apply before Dec. 15 to participate in a collective presentation of their collections at the ...
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Short stops
Pollini will integrate its diffusion line into its main collection,...
Pollini will integrate its diffusion line into its main collection, starting with the autumn/winter 2016/17 season
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News briefs
Tokyo, New York and Hong Kong are the cities where...
Tokyo, New York and Hong Kong are the cities where Hunter plans to open its new flagship stores next year, starting with the Japanese capital in March. The famous U.K. brand of fashionable rubber boots opened its first and only store on London's Regent Street last autumn. It has also ...
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Short stops
Christian Louboutin has opened his first German store on Munich's...
Christian Louboutin has opened his first German store on Munich's plush Maximilianstrasse
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Article
Shoe Carnival reports lower profits
Shoe Carnival reported sales of $269.7 million for the third quarter ended Oct. 31, up from $254.7 million in the third quarter of fiscal 2014. On a same-store basis, they rose by 6 percent, representing the fifth consecutive quarter ly progress for the American shoe retail chain. The positive sales ...
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Article
Caleres reports higher profits
Caleres, the parent of Famous Footwear and various footwear brands previously called Brown Shoe Co., reported a net profit of $34.0 million for the third quarter, including $1.2 million of after-tax expenses related to the company's debt extinguishment in the second quarter. Excluding this expense, net earnings were $35.2 million, ...
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Article
Tod’s buys the Roger Vivier trademark
Tod's has reached an agreement in principle to acquire the rights to the Roger Vivier brand from the Della Valle family, which is the main shareholder of the Tod's group. Until, now Tod's had a license agreement with the family, which owned the brand indirectly.The transaction has been unanimously approved ...
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Article
Vivarte will further reorganize its still profitable shoe business
Vivarte, which remains a main player in the French shoe retail market along with the Eram Group, has decided to shut down or convert to other formats 16 of the 650+ mass-market stores that it operates under its low-priced Halle aux Chaussures banner. This will be on top of the ...
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News briefs
Bugatti is getting ready for a generational change. Markus and...
Bugatti is getting ready for a generational change. Markus and Julius Brinkmann are going to support the work of their respective fathers, Wolfgang and Klaus Brinkmann, who have been jointly running since 1986 the family holding company, Bugatti Holding Brinkmann, founded in 1947 by their father, Friedrich Wilhelm Brinkmann. Markus, ...
