All Shoe Intelligence articles in Volume 19, Issue 9-10
View all stories from this issue.
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Article
Yue Yuen is more profitable
Net income attributable to its shareholders increased by 30.6 percent to $124.5 million for Yue Yuen Industrial Holdings in the first quarter ended March 31. Even after excluding non-recurring items, it went up by 29.5 percent to $105.3 million.The group's total revenues rose by 3.6 percent to $2,100.8 million, with ...
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Article
Vivarte sells Pataugas
The French retail group has announced the sale of yet another one of its assets, the Pataugas brand of footwear, as part of its reorganization and its concentration on fewer shoe retail chains. It has sold the brand to Start'Hopps, the fashion division of the Hopps Group, whose core business ...
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Article
Kering outperforms
Kering's revenues from continuing operations jumped by 31.2 percent to €3,573.5 million in the first quarter of this year, with the luxury goods division progressing by 34.0 percent to €2,417.1 million and the smaller sport & lifestyle division growing by 16.5 percent to $1,064.1 million. On a comparable basis, the ...
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Article
LVMH will sell shoes and other luxury goods selectively online
The new transactional website of LVMH, which is due to go live internationally on June 6, will offer selected luxury items, including footwear, by 150 different brands, including about 16 brands that belong to the group. Available in French and English, it will start with a range of 2,000 products, ...
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Short stops
Marcus Meyer, a well-known personality in the German shoe industry...
Marcus Meyer, a well-known personality in the German shoe industry who worked for many companies on many projects, has been appointed by Hugo Boss as managing director for Central Markets
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Article
Gallery Shoes takes shape
About 400 brands had confirmed their participation in the new German trade show by the beginning of May, with bookings for all its five segments. The management of Gallery Shoes, as the new fair is called, is pleased about the progress toward its goal of hosting 500 international labels at ...
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Article
Merrell is gaining momentum
Wolverine Worldwide reported better-than-expected sales and profits for the first quarter ended April 1, due in part to an accelerated program of store closures and the liquidation of $20 million worth of related inventories. Besides 104 underperforming stores shut down during the quarter, an additional 76 stores were closed in ...
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Short stops
Havaianas has opened a flagship store in the Westfield World...
Havaianas has opened a flagship store in the Westfield World Trade Center mall of New York City
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Short stops
HDS/L, the German federation of the shoe and leathergoods industries,...
HDS/L, the German federation of the shoe and leathergoods industries, is organizing a symposium on the digitalization of the sector on May 31
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News briefs
Schuhe.de, the fast-growing German internet platform for shoe retailers, has...
Schuhe.de, the fast-growing German internet platform for shoe retailers, has established an advisory board that comprises important personalities from the footwear sector such as Heinrich Traude, chief executive of the Salamander and Klauser retail chains and Theo Poursanidis, a co-founder of Rocket Internet. Schuhe.de is now anticipating an increase of ...
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Article
VF relies on European talent for the U.S.
VF Corp. is reacting to a slowdown in the sales of The North Face and Timberland in North America by giving more responsibilities to two European managers, considering that both brands have been performing better in Europe lately.Arne Arens, the former executive of Nike Europe who had run TNF's operations ...
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Article
Yoox Net-a-Porter posts double-digit sales growth
Yoox-Net-A-Porter (YNAP) posted sales of €515 million in the first quarter to March 31, which represent a 15.4 percent increase at current exchange rates, or a 16 percent increase at constant exchange rates, from last year's first quarter. On a comparable basis, the rate of increase was 19.1 percent. The ...
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Article
Grendene sees strong domestic growth
Grendene posted a strong first quarter, with sales up by 9.6 percent over the year-ago quarter to 621 million Brazilian reais (€180.1m-$196.1m). The Brazilian group said that even though there was an easy comparison base with the year-ago quarter, the increase in revenues reflects some improvement in demand in the ...
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News briefs
Without disclosing a specific figure, Görtz said it recorded higher...
Without disclosing a specific figure, Görtz said it recorded higher sales in 2016 after a decrease of €0.7 million in 2015 to €268.6 million, including a turnover of €262.7 million at its own stores and online. The wholesale sector accounted for the rest. The majority of the revenues were made in ...
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Article
Zalando tests GPS-assisted deliveries
Zalando continues to be at the forefront of innovation in e-commerce with a test in Belgium of a new geolocation-assisted delivery service. By using a smartphone-enabled GPS tracking process, it will allow the shipment of its parcels directly to customers wherever they are, rather than only to their homes or ...
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News briefs
In the first three months of this year, Deichmann invested...
In the first three months of this year, Deichmann invested €7.5 million in advertising, representing an increase of 8.9 percent as compared to the same period of the previous year. With an advertising spending of €6.1 million, Reckett Benckiser was the second-biggest advertiser of the German fashion industry in the ...
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Article
Deckers explores a possible sale
Bowing to pressure from some of its shareholders, the board of directors of Deckers Brands announced that it was exploring strategic alternatives, including a possible sale of the company. It has retained Moelis & Company as financial advisor and a legal counsel to assist in the process.The announcement was made ...
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Article
France cuts trade deficit
The French shoe industry raised its sales abroad by 8 percent to €2.77 billion in 2016, with the number of pairs exported going up by one percent to 106 million pairs, according to the French Shoe Industry Association (FCC).Exports went up in all the five major European markets for French ...
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Short stops
Le Coq Sportif is partnering with Guerlain for a limited-edition...
Le Coq Sportif is partnering with Guerlain for a limited-edition sneaker inspired by its Arthur Ashe model, coinciding with the launch of a new perfume, La Petite Robe
