All Shoe Intelligence articles in Volume 19, Issue 21-22
View all stories from this issue.
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Article
Luxury sales rebound worldwide
Sales of personal luxury goods such as high-end shoes, handbags and jewelry are set to increase by 6 percent at constant exchange rates in 2017 to €262 billion, according to the latest estimates by Bain & Co., made in an annual report compiled with Italy's Altagamma. This increase would mark ...
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Article
Vivarte sells its Spanish shoe retail operations
After more than one year of discussions and negotiations, the French Vivarte group of shoe and apparel retail chains has sold its only property outside its domestic market, Merkal, a network of more than 220 shoe shops in Spain, to a British private equity fund, OpCapita. The transaction, which is ...
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Article
Netshoes shows improvement
The world's biggest pure e-commerce player in the sporting goods sector remained in the red in the third quarter and the first nine months of this year. It reported net losses of 30.3 million Brazilian reais (€7.9m-$9.3m) for the latest quarter and of R$120.6 million (€31.4m-$37.0m) for the nine months. Excluding extraordinary ...
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Article
Sales pick up speed at Hermès
Hermès has announced the construction of two new workshops in France, employing 500 people, that should become operational by 2020 to cope with the recovery in the luxury goods market and the rising demand for its handbags and other leathergoods. The company has 15 leather workshops in France with a ...
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News briefs
Pittards, a major supplier of leather to the sporting goods...
Pittards, a major supplier of leather to the sporting goods industry, has expanded its operations in Ethiopia by adding a new shoe factory to its existing tannery and glove-making facilities. The new facility employs 70 people to hand-stitch shoes for an interesting footwear brand, Soul of Africa. Founded in 2003 ...
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News briefs
The Indian government is reportedly getting ready to support the...
The Indian government is reportedly getting ready to support the leather manufacturing sector. As part of this program, the sales tax for finished leather is set to decline from 12 percent to 5 percent, and the tax on leathergoods and leather garments from 28 to 18 percent. Other measures will ...
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News briefs
Hamm Market Solutions, the German-based footwear licensee for the Gant...
Hamm Market Solutions, the German-based footwear licensee for the Gant and Napapijri brands, will launch its first own shoe brand for women, whose name has not yet been announced. The German group has created a distinct company, Selected Footwear Concepts, under which the new brand will be launched. Claud Gese, ...
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News briefs
With a focus on sneakers and new products for summer...
With a focus on sneakers and new products for summer 2018, the new ANWR Order fair attracted a total of 370 visitors from around 200 companies on Nov. 28 and 29. The new house fair of the ANWR group hosted about 200 brands. It's part of a program to hold ...
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News briefs
Stuart Weitzman has teamed up with Gigi Hadid, the famous...
Stuart Weitzman has teamed up with Gigi Hadid, the famous fashion model, for a second capsule collection of shoes. The proceeds being shared with Pencils of Promise, a non-profit organization that builds schools and increases educational opportunities in developing countries.
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Article
Grendene’s exports weigh on results
Weak exports dragged down Grendene's sales for the third quarter, although they were offset by stronger sales in the domestic Brazilian market. Revenues were up by 10.7 percent from the year-ago quarter to 723.9 million Brazilian reais (€192.2m-$222.8m), building up to an increase of 9.4 percent for the first nine ...
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News briefs
Sneakerness, Europe's sneaker fair, landed for the first time in...
Sneakerness, Europe's sneaker fair, landed for the first time in Rotterdam on Nov. 25-26. Amsterdam has hosted the convention every year since 2011, and the organizers wanted to add a second location in the Netherlands. Rotterdam was reportedly chosen for its effervescent street fashion and lifestyle scene. The event was ...
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News briefs
Eram, one of the two leading shoe retailing groups in...
Eram, one of the two leading shoe retailing groups in France, has raised to 49 percent its stake in Faguo, a French brand of casual footwear and clothing, to help finance its further development. The balance is shared between its two managers, Nicolas Rohr and Frédéric Mugnier, who founded Faguo ...
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Article
Shoe Zone expects full-year earnings in line with guidance
Shoe zone, the U.K.'s biggest discount shoe retailer, said in a trading update that despite foreign exchange headwinds, it expects to deliver full year profit before tax broadly in line with expectations. It also anticipates reporting a drop in revenues for the full year ended Sept. 30 due to the ...
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Article
DSW’s footwear sales go up, but Ebuys weighs on results
DSW reported a sales increase of 1.7 percent to $708.3 million for the third quarter ended Oct. 28, as compared to the same period a year ago. They were slightly below analysts' projections. On a same-store basis, however, sales decreased by 0.4 percent. The company attributed the decline to the ...
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Article
Yoox Net-A-Porter reports double-digit growth
Yoox Net-A-Porter (YNAP) reported sales of €481.8 million for the third quarter of 2017, up by 10.7 percent from the same quarter of 2016. In local currencies, organic sales increased by 17.7 percent. The growth was driven by positive performance in all key markets, with marked acceleration in the U.K. ...
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Article
Wolverine quantifies its gains from divestitures
Wolverine Worldwide is trying to maximize margins instead of sales to cope with what it calls “the new normal” of slow growth.Announcing the completion of the portfolio management initiatives it had planned for the current financial year, Wolverine indicated that they would have saved $6.8 million in operating results if ...
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Article
Geox disappoints
Geox posted disappointing third-quarter results, missing market expectations by about €10 million, and slightly cut its revenue growth forecast for the full year. According to an investment broker, Equita, the estimates given for spring/summer 2018 orders were also below expectations.In the first nine months of this year, the company's revenues ...
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News briefs
Manuel Torres has joined Nexgen Packaging as managing director for...
Manuel Torres has joined Nexgen Packaging as managing director for Europe, the Middle East and Africa. The U.S. company designs, manufactures and distributes brand identification products to apparel and shoe manufacturers and retailers. It offers woven and printed labels, heat transfers, graphic tags, price tickets, RFID labels and wrap bands. ...
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News briefs
Lacoste's management has reportedly indicated its intention to dedicate a...
Lacoste's management has reportedly indicated its intention to dedicate a whole wall to its footwear and other accessories in its stores, starting with new locations in London, Paris and Los Angeles. The footwear range will be expanded. Licensed by Pentland Brands, the Lacoste footwear collection has represented about one-quarter of ...
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Article
Deckers’ results improve
Following several quarters of mixed results, Deckers Brands posted a solid quarter that topped analysts' expectations. This led the company to raise its full-year outlook. It now expects sales for the year ending March 31, 2018 to go up in a range of one to two percent as compared with ...
