All Shoe Intelligence articles in Volume 20, Issue 15-16
View all stories from this issue.
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Article
Ribatt will run Rockport under new ownership
Working through an affiliate operation, an American investment company, Charlesbank Capital Partners, has been allowed by a bankruptcy court to take over the Rockport Group, including the Aravon and Dunham brands that previously belonged to New Balance.The new owners have appointed an industry veteran, Gregg Ribatt, as Rockport's new chief ...
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Article
The profile of Micam visitors
Micam visitors are mostly European and increasingly interested in women's shoes, according to an analysis that the Milan shoe show recently conducted on the database of its visitors by profiling and comparing the data collected during the last six editions of the event- from September 2015 to February 2018.The study ...
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Article
Netshoes withdraws from Mexico
Netshoes, the largest sports and lifestyle online retailer in Latin America, has agreed to sell its operations in Mexico to Grupo Sierra Capital, a private equity fund with investments in Mexico, the Caribbean and Central America. Based in Brazil, where it still does most of its business, Netshoes said the ...
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Article
Turkish investors make shoes and leather in Kazakhstan
A new Kazakh-Turkish joint venture, Posh Runo, has manufactured the first batch of 3,000 pairs of shoes at a recently launched shoes factory in the West Kazakhstan region, complemented by a tannery. The name of the Turkish investor has not been disclosed.The overall investment cost of the project is estimated ...
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Article
World shoe production resumes growth
After two flat years, footwear production resumed some growth last year, limited to a rate of 2 percent as compared to 2016, reaching an estimated level of 23.5 billion pairs. The figure is still far from the growth pace of 15.4 percent registered between 2010 and 2014, but it marks ...
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Article
Shoes are going to be tagged in Russia
Six major retail chains have agreed to participate in the pilot phase of a project of placing RFID tags on shoes sold in the country, showing the manufacturer of the product and certifying that it is not a counterfeit. Customers will be able to easily trace them with a mobile ...
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Article
Sabu and GMS will work together in purchasing
The two German voluntary groups have announced a strategic cooperation for the coordination of their purchasing operations, resulting in a simplification of processes with their suppliers and all the other parties involved as well as better conditions for their respective affiliated shoe retailers.The suppliers will only have to issue one ...
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Article
Steve Madden gets a lift from international sales
The Steve Madden group once again beat analysts' estimates for earnings and revenues in the second quarter, thanks to steady growth for its flagship label and rising demand from outside the U.S. The management said the Steve Madden brand was the highlight in the quarter at the wholesale level, with ...
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Article
Wolverine’s “way forward” is working out
Wolverine Worldwide is again actively looking for additional brands to acquire, not only in the footwear sector, but also in apparel and leathergoods, with a preference for the women's segment, where it is relatively under-represented. The multiples requested by the sellers have increased, said Blake Krueger, chairman, chief executive and ...
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News briefs
Inescop, the Spanish Technological Institute for Footwear and Related Industries,...
Inescop, the Spanish Technological Institute for Footwear and Related Industries, has announced a new research project to find safer and more sustainable materials for use in children's shoes. The financial support for the project, which amounts to €2 million, is provided by the Valencian Institute for Business Competitiveness (IVACE), with ...
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Short stops
Kröger Shoes, a German retailer that filed for insolvency on...
Kröger Shoes, a German retailer that filed for insolvency on June 1, will have to close all its five stores
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Article
Wildberries expands outside Russia
Russia's biggest indigenous online retailer specializing in clothing and footwear, Wildberries, has started to offer click-and-collect services in the south Caucasian region by opening pick-up points in Armenia and Azerbaijan, the company revealed late July.The new openings are a part of the company's ongoing expansion strategy in the post-Soviet area. ...
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Article
Obuv Rossii keeps expanding
Russia's major shoe retailer, Obuv Rossii, opened 71 new stores in 61 towns during the first six months of 2018, the company said in a statement on its website, including 51 units that are trading under its main retail banner, Westfalika. Out of all the new doors, 48 percent were ...
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News briefs
Micam, the world's leading footwear exhibition held in Milan twice...
Micam, the world's leading footwear exhibition held in Milan twice a year, has decided to stage for the first time a consumer event for sneaker fans, targeting millennials, in 2019. Inspired by sneaker conventions like the Complexcon festival in Los Angeles or Atlanta's KixFair, Micam's “Plug-Mi, The Sneakers Culture Experience” ...
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Article
Prada returns to growth in sales and earnings
As forecast with the release of last year's results, the Prada Group started to raise its sales and earnings in the first half of 2018. In the six-month period to June, the group's revenues rose by 3.3 percent to €1,535 million from a pro forma level of €1,486 million a ...
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News briefs
Stuart Weitzman is still in the doldrums. Due to ongoing...
Stuart Weitzman is still in the doldrums. Due to ongoing problems with product development and deliveries, the brand posted a sales decline of 17 percent, down to $73 million, in the fourth quarter of its parent company's financial year, ended June 30. The brand generated an operating loss of $21 ...
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News briefs
Rieker continues to lead the German market for comfort and...
Rieker continues to lead the German market for comfort and wellness shoes. According to a study conducted by the European Clearing Center in behalf of Schuhkurier, Rieker had a 15.4 percent share in this market segment in terms of value for the sell-out of the spring/summer 2018 season, up from ...
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Article
Zalando comes out of the red
Zalando managed to book a net profit of €51.8 million for the second quarter of this year, up from $47.4 million in the second quarter of 2017, after taking in a loss of €15 million in the first quarter of this year. While the operating margin fell slightly to 7.1 ...
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Article
Crocs closes plants, goes more digital
Boosted by double-digit growth in e-commerce, Crocs' results for the second quarter exceeded its own guidance and financial analysts' projections. They led to an improved forecast for the full financial year, with the management predicting adjusted Ebitda of $95 million and low single-digit growth in sales to at least $1,023.5 ...
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News briefs
Wortmann has decided to close its U.S. subsidiary for the...
Wortmann has decided to close its U.S. subsidiary for the Tamaris brand in Orlando, Florida, according to Schuhkurier. Jan Brinkmann, who was appointed to run it when it was established in 2014, will leave the group. Wortmann will try to service the market directly through other channels.
