All Shoe Intelligence articles in Volume 18, Issue 16-17
View all stories from this issue.
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News briefs
Timberland is partnering with Pur Projet, a Paris-based organization which...
Timberland is partnering with Pur Projet, a Paris-based organization which designs and operates community ecosystems management projects, on a tree planting initiative for children. Through the “Buy One. Plant One” initiative, Timberland and Pur Projet will plant a tree for every pair of Timberland kids shoes sold. Every child will ...
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Article
Madden weighs new moves outside the U.S.
In reporting slow growth in its second quarter, Steve Madden said it continues to believe that the brand has tremendous growth potential in China and is currently evaluating alternatives for this business, including a change in the business model from a distribution arrangement to a joint venture structure.The company, whose ...
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News briefs
A Serbian newspaper, Vecernje Novosti, picked up by the Italian...
A Serbian newspaper, Vecernje Novosti, picked up by the Italian media, said that part of the staff of Geox' new local plant in Vranje is unsatisfied with working conditions. Vecernje Novosti said that some members of the staff have complained to the local authorities, adding that the Serbian labor ministry ...
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Article
Rocky invests in lifestyles and military
After posting dismal results for the second quarter, Rocky Brands announced that it will reduce its U.S. workforce. It will also redeploy more capital to support its lifestyle brands and to further expand its production facilities in Puerto Rico, partly to take advantage of a triple-digit increase in military footwear ...
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Article
Yue Yuen improves margins
Revenues were up barely by 0.8 percent at $2.28 billion for Yue Yuen Industrial in the first half ended June 30. Excluding extraordinary items, the operating profit rose by 11.9 percent to $233.7 million and net earnings grew by 18.3 percent to $2,248.7 million. Comprehensive net income increased by 10 ...
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News briefs
Hi-Tec is launching an innovative shoe that indicates to the...
Hi-Tec is launching an innovative shoe that indicates to the wearer where to turn left or right. The new Hi-Tec Navigator features a vibrating insole with haptic technology which communicates via a smartphone navigation app through Bluetooth. After entering a destination in the smartphone via this app, the shoe guides ...
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Article
Gucci shines
Gucci became the hottest luxury brand in the first half of this year, according to a study carried out by Exane BNP Paribas, measuring their editorial value, or the ratio between their spending on print advertising and the editorial coverage they receive in magazines. Its editorial value grew by more ...
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Article
Zalando grows strongly, launches new initiatives
Zalando's sales continued to grow rapidly in the second quarter, rising by 25 percent over the year-ago period and reaching an adjusted operating margin (Ebit) of 8.8 percent on sales of €916 million, more than double the 4.1 percent margin reached a year earlier. The number of active customers rose ...
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Article
Superga stops growing
BasicNet, the parent company of Kappa, K-Way, Superga and other brands, reported aggregate sales of €360.2 million for the first half ended June 30, down from €372.4 in the first half of last year. However, after several years of strong growth, Superga's revenues were down to €70.1 million as compared ...
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News briefs
Michael Stoll joined the Hamm Reno Group (HR Group) on...
Michael Stoll joined the Hamm Reno Group (HR Group) on Sept. 1 as managing director for its retail activities. In this position, he will be responsible for Reno's retail, marketing and e-commerce activities. Previously, Stoll worked in executive positions at international brands and trading companies like Nestlé and Tchibo as ...
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News briefs
Giuseppe Zanotti is teaming up with Jennifer Lopez for a...
Giuseppe Zanotti is teaming up with Jennifer Lopez for a new capsule collection of footwear and accessories, which is scheduled for release early next year. The special line is called “Giuseppe for Jennifer Lopez,” with the matching hashtag #GiuseppexJennifer. It will include embellished wedge sneakers, crystal-encrusted open-toe booties, strappy gladiators in snakeskin-print ...
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Short stops
XTI has launched the #xtiworld hashtag to get users to...
XTI has launched the #xtiworld hashtag to get users to share contents on social networks
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Article
A mixed picture in Germany
The German shoe industry raised its turnover by 7.1 percent to €994 million in the first four months of this year according to the German shoe industry federation, HDS/L. It grew by 8.5 percent to €765 million on the domestic market and by 2.8 percent to €229 million in the ...
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News briefs
Keen Footwear is using robots to make its Uneek shoes...
Keen Footwear is using robots to make its Uneek shoes in half the time required with the conventional manufacturing process. The robots, which were developed by ABB, were presented at its booth at the Outdoor Retailer show in Salt Lake City at the beginning of this month. Retailers have shown ...
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Article
Ferragamo’s sales and margins are trending positive
Salvatore Ferragamo reported a 1.7 percent drop in its sales to €710.2 million for the first half of 2016, as second-quarter revenues followed the same trend seen in the first three months of the year. At constant currency rates, the top line fell by 3.1 percent. Revenues were affected by ...
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Short stops
Salvatore Ferragamo has opened a third store in Las Vegas...
Salvatore Ferragamo has opened a third store in Las Vegas
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Article
LVMH’s fashion segment stagnates
Performing a little better in the second quarter than the first one, the LVMH group grew by 4 percent to €17.2 billion in the first half of 2016, with a 3 percent increase on an organic basis, although the global luxury market rose by an estimated one percent. The growth ...
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Article
Geox holds up sales but profit margins falls
Geox managed to bolster first-half sales through promotions and additional advertising, which put pressure on operating margins. The company suffered from a sharp slowdown in retail sales, with same-store sales up by 1.8 percent during the first six months compared with company expectations of a 5.0 percent rise.Comparable store sales ...
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Short stops
Faguo is opening three more stores in Paris and one...
Faguo is opening three more stores in Paris and one in the French city of Lille
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Short stops
Vibram USA has opened a new footwear soling facility in...
Vibram USA has opened a new footwear soling facility in Watertown, South Dakota, in combination with Glacial Lakes Rubber & Plastics
