All Shoe Intelligence articles in Volume 19, Issue 15-16
View all stories from this issue.
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Article
Tod’s sales recover slightly
Tod's posted second-quarter sales of €244.5 million, down by 1.4 percent year-on-year but improving from the 4.4 percent decline booked in the first quarter. For the first half, sales were still off by 2.9 percent to €483.0 million, in line with market expectations, with a drop of 3.2 percent at ...
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Article
Steve Madden posts strong results
Steve Madden posted another strong quarter, despite a challenging retail environment in the U.S. Revenues for the three months to June 30 jumped by 15.0 percent over the same quarter last year to $325.4 million, boosted by strong sales in the women's wholesale footwear division.Total wholesale revenues soared by 16.3 ...
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News briefs
Lineapelle New York, which was held at the Metropolitan Pavilion...
Lineapelle New York, which was held at the Metropolitan Pavilion on July 18-19, hosted 120 exhibitors, an increase of 20 percent versus the previous edition, and welcomed 1,300 visitors. Lineapelle will be back in New York from Jan. 31 to Feb. 1, 2018. Meanwhile, the trade show will hold its ...
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News briefs
As predicted, Zalando's growth softened in the second quarter, rising...
As predicted, Zalando's growth softened in the second quarter, rising by 20.1 percent to €1.1 billion, but the company is hoping to hit the upper range of the forecast of 20 to 25 percent for the full financial year. The operating margin (Ebit) declined by 1.4 percentage points to 7.4 ...
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News briefs
Lloyd has given a more modern look to its store...
Lloyd has given a more modern look to its store in Düsseldorf's Kö Galerie, as it is doing with six other stores and various showrooms this year. Meanwhile, the expansion of Lloyd in China is continuing with the opening of two new concept stores in Beijing. As reported in Shoe ...
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Article
World footwear production stagnates
The world footwear market has evidently entered a phase of more intense competition on a global scale, especially within Asia. The figures contained in the latest edition of the World Footwear Yearbook, which has just come out, confirm that stability has become “the new normal,” as the management of Wolverine ...
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Article
Ferragamo’s sales rise slightly
Salvatore Ferragamo reported a 1.1 percent year-on-year increase in first-half sales to €717.9 million, while constant-currency revenues were virtually flat, up by 0.1 percent. The top line was driven by the retail business, while wholesale revenues were negatively affected by the disposal of excess inventories, the weakness of the U.S. ...
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Article
Shoe production drops, sales rise at Yue Yuen
Despite a decline in production volume and average prices, Yue Yuen Industrial has raised its turnover by 3.9 percent to the equivalent of $4,448.2 million for first half of this year, supported by a slight increase in athletic shoe sales and the expansion of its Chinese retail business.Yue Yuen's footwear ...
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Short stops
Dr. Martens has opened a new store in Reading, following...
Dr. Martens has opened a new store in Reading, following the new concept inaugurated in London's Camden Market in April, and five more should follow in the U.K. and Ireland before the end of this year
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Article
Hermès’ growth slows down a little
While Kering performed about as well in the second quarter than in the first one, Hermès saw its growth slow down to 8.3 percent in the second quarter on a comparable basis from the 11.2 percent increase of the first quarter, reaching a level of €1.36 billion. Overall, the company's ...
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Article
Grendene slows down in the second quarter
After a strong first quarter, Grendene's sales grew at a slower pace in the second quarter, gaining 7.4 percent over the year-ago quarter to 536 million Brazilian reais (€145.1m-$171.4m). Admitting that it benefited from an easy comparison base with the year-ago quarter, the Brazilian group said that it continues to ...
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Article
Deckers rebounds
Deckers Brands reported a 20.3 percent increase in total sales to $209.7 million for the first quarter of its financial year through the end of June, due in part to a higher-than-expected jump of 74.2 percent to $30.7 million in the revenues of Hoka One One, thanks to good reorders ...
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Article
Crocs’ profits rocket
Crocs saw its net income jump by 54.7 percent to $18.1 million for the second quarter, largely due to efforts to cut expenses and avoid discounted sales.Revenues were down by 3.3 percent from the year-ago quarter to $313.2 million, or by 2.7 percent on a constant-currency basis. This was at ...
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Short stops
Crocs is launching a special edition of shoes for women...
Crocs is launching a special edition of shoes for women and children designed in parnership with an actress, Drew Barrymore, for spring 2018
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News briefs
A district court judge in Oregon has let a lawsuit...
A district court judge in Oregon has let a lawsuit by Adidas against Skechers over its Stan Smith shoe go to trial, denying a request by Skechers to overrule the claims. He has accepted most of the claims, though not all of them. In the case, Adidas sued Skechers in ...
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News briefs
Vietnam's National Wage Council has decided to raise the minimum...
Vietnam's National Wage Council has decided to raise the minimum wage in the country by 6.5 percent in 2018, representing the smallest increase in 11 years. It will grow to the equivalent of between US$121 and US$175 depending on the region. Vietnam's Labor Confederation had requested an increase of 13.3 ...
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News briefs
Lelli Kelly is looking to make a comeback in the...
Lelli Kelly is looking to make a comeback in the North American market after being essentially dormant there for a number of years. The Italian children's shoe brand has announced a licensing agreement with North American Shoe, based in North Providence, Rhode Island, to relaunch the brand within the U.S. ...
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News briefs
Geox says it is getting closer to the selection of...
Geox says it is getting closer to the selection of a new country manager for the U.S. and expects to be able to make a decision on the candidate after the summer break. The new executive would take the place of Tracy Smith, who recently became vice president of VF ...
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News briefs
Cleto Sagripanti was unanimously re-elected to a second two-year term...
Cleto Sagripanti was unanimously re-elected to a second two-year term as president of the European Confederation of the Footwear Industry (CEC) at its general assembly in Venice on June 29. The Italian entrepreneur, who previously headed up the Italian shoe industry association, Assocalzaturifici, wants to continue to promote the digitalization ...
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Short stops
Zalando plans to open two large new fulfillment centers...
Zalando plans to open two large new fulfillment centers in Italy and Poland later this year
