All Shoe Intelligence articles in Volume 19, Issue 3-4
View all stories from this issue.
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Article
Stronger-than-expected sales at Skechers
Skechers' share price jumped by 5.7 percent in after-hours trading on Thursday after the company posted revenues and comparable-store sales for the fourth quarter of 2016 that topped analysts' forecasts. Sales rose by 5.8 percent in the quarter to $764.3 million, while analysts had predicted a turnover of $723.7 million. ...
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News briefs
Todd Spaletto, who left recently as president of The North...
Todd Spaletto, who left recently as president of The North Face for North America after six years in the role, is joining Wolverine Worldwide to be the president of its Outdoor and Lifestyle Group, formed one year ago to manage Merrell, Chaco, Cat Footwear, Hush Puppies and Sebago. Jim Zwiers, ...
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News briefs
Last October Mephisto opened a new store in Munich under...
Last October Mephisto opened a new store in Munich under the ownership and management of Steinmetz, the company that already owns and manages another franchised Mephisto store in Munich. Mephisto has about 40 stores in Germany and counts some 900 stores worldwide. Half of the stores are franchised, the other ...
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News briefs
Italy is Japan's top supplier of shoes. In the period...
Italy is Japan's top supplier of shoes. In the period from January to November 2016, Italian shoes accounted for 28.9 percent of Japan's shoe imports. Italy is followed by Cambodia, with a 12.3 percent share of the Japanese market. According to figures released by the Italian Trade Commission (Ice), Italy ...
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Article
LVMH performs well but warns investors
All the three major French luxury groups – LVMH, Kering and Hermès International – have reported improved results for the fourth quarter of 2016 and the year as a whole. Judging also from the more positive results recorded by footwear specialists like Salvatore Ferragamo and Tod's (other articles on them ...
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Article
Office's profits hit by Truworths’ takeover
Office, one of the major shoe retail chains in the U.K, reported sales of 387.8 million pounds (€456.3m-$488.1m) for its latest financial year, ended last June 26. Thirty percent were made in the previous fiscal year because the duration of the reporting period was extended by an extra 22 weeks ...
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Article
Ivanka Trump is still in the headlines
President Donald Trump stood up for his daughter Ivanka a few days ago, criticizing Nordstrom for its decision to stop selling products bearing her name in its department stores this season. Using a White House Twitter platform and noting that she has been “always pushing me to do the right ...
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Short stops
Roman Gut, who worked previously for Kangaroos and Puma, is...
Roman Gut, who worked previously for Kangaroos and Puma, is replacing the retiring Hans-Rainer Köhler as German sales manager for Richter
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News briefs
Schuh, a subsidiary of Genesco, has partnered with Klarna to...
Schuh, a subsidiary of Genesco, has partnered with Klarna to offer online shoppers the possibility to pay for their items after delivery. Klarna's checkout solution allows customers to buy products by only entering their e-mail and delivery address, without having to provide log-in information and credit or debit card details. ...
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Article
The GDS leaves the place to Gallery Shoes
As we have reported in our last issue, there will be no longer a GDS fair in Düsseldorf. Igedo Company, which has taken over the management of the traditional German shoe show, has renamed it as Gallery Shoes and set new, later dates for the fair to turn it more ...
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Article
Ferragamo resumes its growth
Salvatore Ferragamo reported a 4 percent year-on-year increase in fourth-quarter sales to €424 million, compared with a 1.7 percent rise in the third quarter, which was itself a reversal of the negative trend registered in the first half. At constant currency rates, fourth-quarter sales grew by 1 percent. The company ...
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News briefs
Tod's is honoring fashion icons and some of its own...
Tod's is honoring fashion icons and some of its own iconic shoe and handbag models in a new book entitled Timeless Icons. The 160-page volume features past and present stars, from the 1960s to present days, such as Audrey Hepburn, Twiggy, James Dean, Marlon Brando, George Clooney, Mick Jagger, Bella ...
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Article
Ugg’s parent performs less than expected
Deckers Brands' net profit for the third quarter ended Dec. 31 sank by 73.9 percent from the same period a year earlier, down to $41 million, due to lower sales and extraordinary charges of $128.9 million related to a write-down of the Sanuk brand's goodwill and intangible assets, retail impairments ...
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News briefs
The European Union (EU) is supporting the footwear industry in...
The European Union (EU) is supporting the footwear industry in Pakistan with a new e-learning tool on shoe-pattern making in Urdu. The tool was inaugurated by Anne Marchal, the EU deputy head of mission to Pakistan, alongside the Pakistan Mega Leather Show 2017 in Lahore on Jan. 29. Marchal handed ...
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Article
Sabu enters the Netherlands
Sabu, the German shoe retailers' cooperative, has created a subsidiary in the Netherlands. The new company, Sabu Schoen & Marketing, is based in Heel and run by Stephan Krug, chief executive of Sabu Schuh & Marketing, the parent company in Germany, and by Richard Brekelmans. Entering a challenging new market, ...
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Short stops
Ecco has taken over ownership of three franchised stores in...
Ecco has taken over ownership of three franchised stores in Denmark
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Article
Gucci’s “reinvention” drives Kering’s growth
Strong sales increase on a comparable basis of 25.5 percent at Gucci and 12.7 percent at Yves Saint Laurent helped the Kering group to book an overall sales increase of 8.1 percent last year, the strongest one since 2012. On a reported basis, sales grew by 6.9 percent to €12.38 ...
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Article
Yoox Net-A-Porter posts double-digit sales growth
Yoox Net-A-Porter (Ynap) reported a 11.4 percent increase in fourth-quarter revenues to €538 million. At constant exchange rates, the increase was 19.2 percent. Growth was driven by sound performance across all business lines and solid growth in all key regions. Full-year revenues increased by a reported 12.4 percent for 2016, ...
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News briefs
DJP Holdings has reached a settlement with Donald J. Pliner,...
DJP Holdings has reached a settlement with Donald J. Pliner, founder and former designer of the eponymous brand, and his wife, Lisa Pliner, in a lawsuit filed against the couple last year. DJP Holdings, the new parent company of Donald J Pliner footwear lines, filed a suit against the Pliners ...
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Article
Tod’s decline softens
Tod's says it improved its sales performance in the fourth quarter of last year by focusing on “iconic and evergreen products” during the fall/winter season. Nevertheless, the trend remained negative, with quarterly sales down by 1.5 percent year-on-year to €246.3 million during the period, but representing a sharp upturn as ...
