All Shoe Intelligence articles in Volume 19, Issue 7-8
View all stories from this issue.
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Article
Pittards posts lower revenues and a loss, but margins improve
Pittards posted revenues of £27 million (€31.5m-$33.6m) for the year to Dec. 31, 2016, down from £30.5 million (€35.6m-$38.0m) in the previous year. The British maker of gloving, footwear and fashion leather also registered a loss before tax of £4.1 million (€4.8m-$5.1m) for the full year, as compared to a pre-tax profit ...
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Article
Hermès posts a record profit margin
Hermès International reported a record operating profit margin of 32 percent of sales for 2016 as its consolidated revenues of €5.2 billion were up by 7.5 percent increase at current exchange rates and 7.4 percent at constant exchange rates,. Net profit increased by 13 percent to €1.1 billion.The French luxury ...
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News briefs
In a preliminary statement, Zalando said its sales grew by...
In a preliminary statement, Zalando said its sales grew by between 22 and 24 percent in the first quarter of 2017, generating an operating margin of between one and three percent – lower than analysts had estimated. It confirmed projections for this year of growth between 20 and 25 percent ...
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News briefs
Vietri is presenting suede moccasins with stitched gold-plated uppers, which...
Vietri is presenting suede moccasins with stitched gold-plated uppers, which the Italian shoe firm describes as the first shoes in the world in 24-carat gold. With these precious footwear models, Vietri is targeting especially countries in the high-end Gulf fashion market, such as Qatar, United Arab Emirates and Saudi Arabia. ...
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News briefs
Footwear News reports that Steve Hill, president of Zappos, informed...
Footwear News reports that Steve Hill, president of Zappos, informed the company's employees that he will leave the U.S. online shoe retailer in June, after more than 12 years with the company, which is owned by Amazon. Hill said he would join another company veteran, Fred Mossler, to launch a ...
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News briefs
Portugal's footwear industry and trade unions have signed an historic...
Portugal's footwear industry and trade unions have signed an historic agreement that formally establishes, for the first time, equality of salary for the women and men working in the industry. Women must now receive the same wage as their male counterparts when they carry out the same work at the ...
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News briefs
Rylko will open its first store in the U.K. later...
Rylko will open its first store in the U.K. later this month, Drapers has revealed. Founded in 1964, this Polish footwear chain has 120 stores in Poland and Vietnam, selling shoes that are made at its own factory near Kroakow. The new 700-square-meter store in the U.K. will open at ...
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Short stops
Gant has opened its first footwear-only store in Oslo, which...
Gant has opened its first footwear-only store in Oslo, which is operated by Portland
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News briefs
The Global Fashion Group (GFG), which manages online stores in...
The Global Fashion Group (GFG), which manages online stores in developing countries that follow Zalando's European business model, delivered good results for 2016. Based on their net merchandise value (NMV), revenues grew by 26.3 percent to $1.06 billion, with an increase of 30.3 percent in local currencies and on a ...
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Article
Lower sales and margins at Ecco
Ecco's revenues and net earnings decline in 2016 for the first time in five years. The company's turnover was down by 0.4 percent at €1,250.9 million, but the management claimed market share increases in many markets. On a currency-neutral basis, sales of footwear and accessories were up by 2.0 percent, ...
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Article
Payless ShoeSource will shut down hundreds of stores
Payless ShoeSource filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of Missouri on April 4. The discount-oriented shoe retailer, based in Topeka, Kansas, has announced that it will be immediately shutting down nearly 400 stores in the U.S. and Puerto Rico. In addition, ...
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Article
LVMH reports strong double-digit growth
Shares in LVMH jumped by 2.9 percent to a record high of €213.50 after the French luxury group beat sales forecasts for the first quarter of its new financial year.However, LVMH warned that its strong first-quarter performance may not be sustainable, saying it benefited from a favorable comparison base, particularly ...
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News briefs
Soletrader reported a slight decrease in revenues, which were down...
Soletrader reported a slight decrease in revenues, which were down by 0.75 percent to £38 million (€45.5m-$48.8m) for the year to June 25 as compared to the previous fiscal year. Profit before tax increased by 1.5 percent to £1.4 million (€1.68m-$1.80m). The British footwear retailer rolled out a store refurbishing ...
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Article
Portuguese shoe exports continue to increase
The volume of shoes exported from Portugal grew by 2.8 percent to 81.6 million pairs in 2016, representing a seventh consecutive annual increase, says Apiccaps, the country's shoe and leathergoods industry association. In terms of value, last year's shoe exports rose by 3.2 percent to a record of €1,923 million.Apicapps ...
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News briefs
The Congress of the International Union of Shoe Industry Technicians...
The Congress of the International Union of Shoe Industry Technicians (Uitic) will return to Portugal, with the next edition taking place in Porto on May 16-18, 2018. Porto hosted the event in 1996. The Congress will be jointly organized with APICCAPS, the Portuguese Association of Manufacturers of Footwear, Components, Leather ...
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News briefs
Vagabond recently opened its fourth company-owned store in Germany. The...
Vagabond recently opened its fourth company-owned store in Germany. The new store is located in the Europa Passage shopping center in Hamburg, measuring 70 sqm. The Swedish shoe brand, which has over 39 mono-brand stores worldwide, most of them in Scandinavia and Eastern Europe, is opening its fifth store in ...
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News briefs
The number of footwear and leathergoods companies in Italy's Marche...
The number of footwear and leathergoods companies in Italy's Marche region keeps going down, although it still accounts for 20 percent of the region's overall production. Marche is Italy's leading center of Italian-made footwear. According to reports in leatherbiz.com, there were 3,863 shoe and leathergoods companies in the region at ...
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News briefs
Members of the Development Committee of the European Union (EU)...
Members of the Development Committee of the European Union (EU) Parliament are urging the European Commission to propose binding human rights rules for all the players in the apparel supply chain. The Members of the Committee have suggested a series of measures including: a binding due diligence system based on ...
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News briefs
Ecco is launching a collection made from transparent cow leather....
Ecco is launching a collection made from transparent cow leather. The collection, which is called Apparition, is the result of a three-year project developed at Ecco's leather lab in the Netherlands under the supervision of Sruli Recht, creative director and lead of the Ecco Leather project. The name was given ...
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News briefs
Prada is updating is Made-to-Order customized shoe collection. For spring,...
Prada is updating is Made-to-Order customized shoe collection. For spring, customers can choose from 18 styles of sandals and pumps, eight different heel heights and a wide range of shades that are available in satin, suede, velvet and patent leather. Classic Prada prints have been expanded this season to include floral ...
