All Shoe Intelligence articles in Volume 19, Issue 21-22 – Page 2
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Article
Tax-free shopping rises by double digits in some European countries
Tax-free shopping in Europe increased by 11 percent in the first nine months of 2017. This is what emerged in the recent data presented by Global Blue for Altagamma's annual monitor. The result reverses a slight decrease that had occurred last year. According to Global Blue's analysts, the growth is ...
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News briefs
Penske Media Corporation (PMC) and its subsidiary Fairchild Fashion Media,...
Penske Media Corporation (PMC) and its subsidiary Fairchild Fashion Media, which runs Women's Wear Daily and Footwear News, have announced the acquisition of FashInvest. Described as a media platform where entrepreneurs, investors and fashion industry executives exchange information and raise new capital, FashInvest will continue to be run as an ...
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News briefs
Shoescribe and The Corner, the two e-shops previously owned by...
Shoescribe and The Corner, the two e-shops previously owned by Yoox, have been acquired by an Italian entrepreneur, Vittorio Chalon, and they will be back online soon. The two e-shops had been shut down in 2015 following the creation of the Yoox-Net-à-Porter group. According to reports on fashionmagazine.it, the two ...
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News briefs
Leiser continues to shut down stores as its tries to...
Leiser continues to shut down stores as its tries to get out of insolvency proceedings. One of them is the Leiser store on Berlin's Friedrichstrasse, which has been patronized by German Chancellor Angela Merkel and other high-caliber politicians. Another one is the big Schuh Eisner store on Hamburg's Mönchenbergstrasse, which ...
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Article
Zalando posts a loss as sales rocket, investments continue
Zalando recorded a net loss of €11.1 million for the third quarter, compared with net income of €5 million for the year-ago quarter. The adjusted operating profit (Ebit) before non-operating one-time effects fell to €400,000 from €19.5 million.The company had warned last month that it might post a loss in ...
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Article
The Ferragamo family confirms its corporate governance
Members of the Ferragamo family have signed a new three-year agreement that sets corporate governance guidelines for their relationship with the Salvatore Ferragamo Group, the company named after the famous shoe designer who set it up in Florence in 1927, and other family-owned assets.In an interview with the daily Corriere ...
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News briefs
Sergio Rossi has developed a new store concept for its...
Sergio Rossi has developed a new store concept for its store in Paris' rue du Faubourg Saint-Honoré and others in Tokyo and elsewhere. It will also be applied next year to its flagship stores in Rome and Milan, coinciding with the 50th anniversary of the brand.
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News briefs
Vagabond recently opened its fourth company-owned store in Germany. The Swedish shoe...
Vagabond recently opened its fourth company-owned store in Germany. The Swedish shoe brand, which has over 39 mono-brand stores worldwide, most of them in Scandinavia and Eastern Europe, works also with some 2,000 retailers in 42 countries. Its global sales grew last year to €74.7 million from €73.6 million in 2015.
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News briefs
The Global Fashion Group (GFG), which owns several e-commerce clones...
The Global Fashion Group (GFG), which owns several e-commerce clones of Zalando in emerging markets, reported a 19 percent sales increase in net revenues to €256.4 million for the third quarter. The adjusted Ebitda loss declined by 2.8 percentage points to a still negative margin of 12.7 percent of revenues. ...
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News briefs
Chaussea is entering the Italian market. The French shoe retailer...
Chaussea is entering the Italian market. The French shoe retailer has just inaugurated its first Italian store at the Globo shopping mall in Busnago, northeast of Milan. It will be followed by a second shop in Silvi Marina, near Teramo, then a third one in Bussolengo, near Verona, and a ...
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Article
Shoe Carnival raises its fiscal year outlook
While DSW's management feels that the athleisure trend may have peaked in the U.S., judging from the recent results of Gap and Abercombie & Fitch, the management of Shoe Carnival, whose stores tend to cater to the whole family, sees no end to it, especially in the women's sector. While ...
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News briefs
Tapestry, the company previously called Coach, reported a loss of...
Tapestry, the company previously called Coach, reported a loss of $18 million on sales of $1.29 billion for its first quarter, ended Sept. 30. The sales increase of 24 percent and the loss were partly due to the acquisition in July of Kate Spade and costs for its subsequent integration. ...
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Article
Caleres posts higher sales and margins despite the weather
Caleres, the owner of the Famous Footwear retail chain and brands such as Naturalizer, Sam Edelman and Franco Sarto, reported consolidated sales of $774.7 million for the third quarter, up by 5.8 percent on an annualized basis. The figure includes Allen Edmonds, which was acquired in December of 2016. Net ...
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News briefs
Footasylum, the British chain of sports and lifestyle stores created...
Footasylum, the British chain of sports and lifestyle stores created by the founders of JD Sports, went public on the Alternative Investment Market (AIM) London Stock Exchange on Nov. 2 at a price of £1.64 per share, giving it an initial valuation of £171 million (€194.3m-$226.0m). On Friday in advance ...
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Article
Rocky Brands offloads Creative Recreation
Rocky Brands has sold its casual footwear brand, Creative Recreation, to a private equity firm, the Global Investment Group, at undisclosed conditions.Rocky had bought the brand in 2013 for $11 million in an effort to diversify beyond the outdoor, work and military boot businesses. It has now decided to concentrate ...
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News briefs
Deckers Brands, the parent company of Teva and Hoka One...
Deckers Brands, the parent company of Teva and Hoka One One, announced that it will make room for two new independent directors, replacing two who are retiring from its board. Marcato Capital Management, the activist investor that has been criticizing the company's management, asking to sell all the group's brands ...
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News briefs
Shoe brands will continue to feel the pinch from sports...
Shoe brands will continue to feel the pinch from sports labels that are making further inroads into the growing sneaker market. This is the finding from a recent consumer focus survey conducted in Germany on the top brands in both the female and male market segments. Adidas, Nike, Reebok, Converse ...
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Short stops
Tanya Heath, the Paris-based brand of women's shoes with interchangeable...
Tanya Heath, the Paris-based brand of women's shoes with interchangeable heels, has opened its first boutique in the Middle East, located on rue Ghandour El Saad in Beiruth
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Short stops
Eureka, the Portuguese footwear brand, has opened its fifth store...
Eureka, the Portuguese footwear brand, has opened its fifth store abroad in the second one in Germany in Frankfurt's Oppenheimer Landstrasse
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News briefs
W.L. Gore is coming up with a new brand, called...
W.L. Gore is coming up with a new brand, called Gore-Tex Infinium, which will be introduced from the autumn of 2018 for functional active lifestyle clothing, footwear and shoes. For example, it will be used for stylish shoes with a very thin isolation, developed through a new, patent-pending process, that ...
