All Shoe Intelligence articles in Volume 19, Issue 19-20 – Page 6
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Another VF brand, Timberland, saw its revenues decline by 2...
Another VF brand, Timberland, saw its revenues decline by 2 percent in the third quarter, reflecting a shift in orders that reduced its global sales by an estimated 5 percent. Sales fell by 7 percent in the Americas and by 5 percent in Asia, but they went up by 3 ...
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Beating analysts' estimates, LVMH reported a strong 14 percent increase...
Beating analysts' estimates, LVMH reported a strong 14 percent increase in total revenues to €30.1 billion for the first nine months of this year, with organic growth of 12 percent. In particular, its fashion and leathergoods division grew by 14 percent on an organic basis and by 21 percent including ...
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In 2014, Schuhaus Shatholt was celebrating its 125th anniversary, but...
In 2014, Schuhaus Shatholt was celebrating its 125th anniversary, but one year later, the company faced bankruptcy. The firm filed for protection in 2015 and has now been restructured into a new business, Permacutum GmbH. Largely freed from legal entanglements it has obtained a new investor, rumored to be from ...
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Kurt Geiger posted a 12 percent sales increase to £330...
Kurt Geiger posted a 12 percent sales increase to £330 million (€368.1m-$432.9m) for the financial year ended on Jan. 28, with same-store sale rising by 11 percent. E-commerce went up by 26 percent, representing 23 percent of the total turnover. Sales of luxury sneakers jumped by 48 percent. Ebitda advanced by ...
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News briefs
Cambodia's footwear and garment workers have won an 11 percent...
Cambodia's footwear and garment workers have won an 11 percent increase in monthly wages to top off an 180 percent increase in pay over six years. Trade union representatives, government officials and footwear and garment workers recently agreed that from the start of 2018, the minimum salary will rise from ...
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News briefs
Alpargatas Argentina is investing 100 million Argentinian pesos (€4.9m-$5.7m) to reintroduce...
Alpargatas Argentina is investing 100 million Argentinian pesos (€4.9m-$5.7m) to reintroduce the Havaianas brand to the local retail market. Alpargatas Argentina is looking to invest the money over a three-year period, first by introducing the brand in retail chains and then later by opening mono-brand stores. Alpargatas Argentina is the local ...
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News briefs
Marc Shoes has opened a directly operated store of 100...
Marc Shoes has opened a directly operated store of 100 square meters in Berlin, where customers can order a shoe that is not available in their sizes for delivery the next day. The store also offers models from the 1885 styled by Berkemann collection of clogs and pumps. Meanwhile, retailers ...
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News briefs
Alibaba has announced it plans to invest RMB 100 billion,...
Alibaba has announced it plans to invest RMB 100 billion, the equivalent of around $15 billion, over the next three years in a new global research and development program called Alibaba DAMO Academy. The acronym stands for “Discovery, Adventure, Momentum and Outlook.” The academy will start by launching research labs in ...
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News briefs
Santoni registered a 10 percent sales increase in the first...
Santoni registered a 10 percent sales increase in the first half of the year, driven by the positive performance of Europe and the U.S., its key markets. The company posted a 7 percent increase in 2016, with annual revenues reaching €75 million last year. The company has recently presented the ...
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Article
The casual shoe market rose by 2.1% in 2016
The branded casual footwear market recorded a small increase of 2.1 percent to an estimated level of $17.5 billion in 2016, declining by 1.5 percent in the U.S. and rising by 4.9 percent in the rest of the world.The tepid increase can be attributed to the ongoing athleisure trend, which ...
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News briefs
Sterling Footwear in the U.S. has been fined $1.57 million...
Sterling Footwear in the U.S. has been fined $1.57 million in unpaid duties plus interest for “grossly negligent” product misclassification. The U.S. Court of International Trade ruled in favour of the U.S. government, finding that the shoe importer incorrectly classified 337 of 363 entries of footwear between 2007 and 2009. ...
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News briefs
More than 1,500 guests turned up at the celebration of...
More than 1,500 guests turned up at the celebration of Analpa's 25th anniversary in Moscow a few weeks ago, coming from Russia and many foreign countries including the U.K., France, Germany, China, Australia, and the United Arab Emirates. Leading celebrities and key figures from the fashion world participated in the ...
