All Shoe Intelligence articles in Volume 17, Issue 6-7
View all stories from this issue.
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Article
Macintosh will sell its U.K. stores
Macintosh Retail Group has taken the momentous decision to put up for sale its stores in the U.K., comprising 179 Brantanos and 125 Jones Bootmaker stores. Reporting another financial loss for 2014, the Dutch retail group said it will concentrate on the remaining footwear retail chains in the Benelux countries, ...
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Article
Grendene sees margins rising
Grendene, the parent company of Ipanema, Melissa, Rider and Grendha, remained the largest Brazilian footwear exporter last year, with a share of more than 44 percent in volume during the fourth quarter. The devaluation of the Brazilian real had a positive impact on the company's results for the past year, ...
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Article
Geox is recovering
Geox booked a 9.3 percent rise in 2014 sales to €824.2 million, beating market expectations of about €810 million, driven by Italy, France and Spain. At constant currency rates, the group's turnover was up by 10.1 percent.Geox' managers are confident that the recovery seen in many core markets and others ...
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News briefs
Spartoo, the French online retailer, will open its first physical...
Spartoo, the French online retailer, will open its first physical store in Grenoble, the city where it was born in 2006, at the end of March. The move goes with its gradual diversification from footwear into handbags and clothing. The 85-square-meter store will have a trendy design and will allow ...
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News briefs
Steven Madden has elevated Karla Frieders to the new position...
Steven Madden has elevated Karla Frieders to the new position of executive vice president of product development. She will report to Steve Madden, founder of the company and creative and design chief. Frieders has been with the company for 16 years, filling several roles. She was most recently president of ...
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News briefs
The Ecuadorian government has increased the tariff on footwear imports...
The Ecuadorian government has increased the tariff on footwear imports to 45 percent, saying it aims to promote domestic production and preserve jobs. The higher tariffs, which came into effect on March 11, also apply in varying degrees to imports of other goods, including textiles, perfumes, white goods, building materials ...
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Article
DSW posts strong sales and profit growth
DSW reported a sales increase of 11.9 percent to $640 million for the fourth quarter ended Jan 31, 2015 as compared to the quarter ended Feb. 1, 2014. Adjusted sales increased by 12.1 percent, excluding sales from the company's luxury trial run. Comparable store sales increased by 7.6 percent. Net ...
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News briefs
JAB Holdings (former Labelux) is shutting down Zagliani, the Italian...
JAB Holdings (former Labelux) is shutting down Zagliani, the Italian brand of high-end handbags that it bought in 2009, and folding it into Bally. It will continue to use Zagliani's worshop in Milan to make handbags for Bally, including customized products. The integration is being conducted by Giovanni Torchiani, a ...
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Article
Genesco posts higher sales, but is disappointed by earnings
Genesco reported sales of $893 million for the fourth quarter ended Jan. 31, 2015, up 12.6 percent from the fourth quarter of fiscal 2014. Comparable sales increased 10 percent, with 16 percent growth for the Journeys Group, a 7 percent increase for the Lids Sports Group, a 3 percent increase ...
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Article
Yue Yuen’s profits dip
Yue Yuen raised its sales by 5.7 percent to US$8.01 million in 2014. Excluding special charges, operating profit was stable at $430.5 million, but the charges resulted in an operating loss of $99.5 million for the world's largest manufacturing company, which is also a major retailer in Greater China through ...
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News briefs
A fixture in the Swedish footwear industry has died. Over...
A fixture in the Swedish footwear industry has died. Over the years, Bengt Gustafsson played a defining role in many Scandinavian footwear companies. He acted as chief executive of a Swedish brand, Hefa, and Sko Team, which were purchased by New Wave Group. He also bought into Skokanonen, which was ...
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News briefs
Widening its omni-channel strategy, Deichmann has opened a shop on...
Widening its omni-channel strategy, Deichmann has opened a shop on eBay. It offers a selection of about 1,700 models of shoes and accessories. The retailer operates 19 online stores around the world.
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News briefs
The deflationary process is still going on in the U.K.,...
The deflationary process is still going on in the U.K., due to lower prices for commodities such as cotton and fierce competition in the market. According to the British Retail Consortium, prices for shoes and clothing were down by 6.8 percent in January and by 7.8 percent in February as ...
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Article
Steven Madden’s results decline
Sales increased by 1.6 percent at Steven Madden to $1.33 billion last year, and the company's net income declined to $111.9 million from $132.0 million. Sales dropped marginally in the fourth quarter, down to $342.6 million from $342.9 million in the year-ago period, and they would have been off by ...
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Short stops
Domenico De Sole, who ran Gucci for many years, has...
Domenico De Sole, who ran Gucci for many years, has been named chairman of Sotheby's
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Article
More data from Zalando
Providing further details about its results (see the last issue of Shoe Intelligence), Zalando has reported that its sales increased last year by 17 percent to €1.23 billion in the German-speaking countries and by 37 percent to €900 million in the other European countries where it operates. In Germany alone, ...
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News briefs
Crocs has realigned regional management functions, reducing the geographical structures...
Crocs has realigned regional management functions, reducing the geographical structures from four to three, including one for the European Union and another for the Americas. In this context, David Thomson, who has been most recently executive vice president of Tommy Hilfiger for Asia-Pacific, has been named by Crocs to a ...
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Article
Vulcabras shows improvement, but loses the Reebok contract
Vulcabras, the Bazilian company that owns Azaleia, Dijean and Olympikus, announced a net profit of 11.2 million reais (€3.2m-$3.5m) for the fourth quarter of its last financial year, ended on Dec. 31. It was the first net profit in 13 quarters, following a long period of reorganization, and compared with ...
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News briefs
Din Sko has launched an entirely new concept for its...
Din Sko has launched an entirely new concept for its retail stores in Sweden and has started the renovation process. The new interiors will be brighter and more trend-focused. Customers can be led to the right product through a variety of imagery and with playful text. Ingela Larson, chief executive ...
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News briefs
A French company, Ferrand, received a prize for international development...
A French company, Ferrand, received a prize for international development at Empreintes, a convention on brand-building held last week in Bordeaux. The jury liked what Ferrand did on the Chinese market with a low-priced ballerina launched under its Villebois brand name in association with the French actress Sophie Marceau.
