All Shoe Intelligence articles in Volume 20, Issue 3-4
View all stories from this issue.
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News briefs
Kavat is planning to set up a sales subsidiary with...
Kavat is planning to set up a sales subsidiary with a showroom in Düsseldorf, covering its business in Germany, Austria and Switzerland. The operation will be led from next month by Christian Adams, who has worked for several fashion, sports and outdoor brands. Germany is the biggest market for the ...
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Short stops
Louis Vuitton has opened a pop-up store for its sneakers...
Louis Vuitton has opened a pop-up store for its sneakers in New York, following up on the success of its collaboration with Supreme and the successful launch of the LV Archlight model
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Article
Russia makes and imports more shoes
The production of footwear grew by 11.4 percent to a total of 104 million pairs in 2017, according to the government's statistical office, Rosstat, in spite of the bankruptcy of Center Obuv, the country's largest shoe retailer and manufacturer.According to Rosstat, the local production went up on the back of ...
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Article
Zalando focuses on investments and market share gains
Zalando said it would continue to focus on market share gains this year, after the German online retailer raised its turnover above the €4 billion mark in 2017 but investments put pressure on its margins.Zalando made it clear last year that it was raising investment in infrastructure and technology, at ...
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Article
A weak fourth quarter for Ferragamo
Salvatore Ferragamo posted a 8.4 percent year-on-year decline in fourth-quarter sales to €389 million due to adverse currency rates and lower promotional sales in its primary channel. Analysts were expecting a 2.5 percent decrease. At constant-currency rates, the company's quarterly sales fell by 5.1 percent.On the bright side, Ferragamo said ...
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Article
The Otto family takes over Sympatex
Members of the family that own the big German Otto Group have acquired all the shares of Sympatex Technologies, following a financial reorganization of this well-known developer of functional materials. According to Sympatex, there will be no structural changes or staff restructuring initiatives and Sympatex will still operate as an ...
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Article
Good growth in Italy’s exports
Assocalzaturifici estimates that Italy's total shoe exports, including the re-exportation of imported footwear, increased by 3.5 percent in 2017 to a 15-year record of €9.196 billion, with a 1.3 percent growth in volume to 208.6 million pairs.Imports fell by an estimated 0.6 percent in value to €4.671 billion and slipped ...
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Article
Expo Riva launches Gardabags
In an interesting and logical diversification move, the organizers of the Expo Riva Schuh show in Riva del Garda have decided to launch a new simultaneous trade show for handbags, belts and other leather accessories. Called Gardabags, it will be mainly a sourcing fair positioned in the same medium-priced segment ...
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News briefs
In a preliminary statement, Wolverine Worldwide said it expects to...
In a preliminary statement, Wolverine Worldwide said it expects to achieve this year its target of a 12 percent adjusted operating margin on a 6 percent increase in underlying revenues, in spite of significant incremental investments of more than $40 million to drive future growth. Its international business is expected ...
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News briefs
Online sales of personal luxury goods are expected to more...
Online sales of personal luxury goods are expected to more than triple by 2025, reaching about €74 billion. McKinsey & Company has recently released a report entitled “The age of Digital Darwinism,” in which it explains that online sales of personal luxury goods, which accounted for 8 percent of the ...
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Article
New programs to revitalize skills and jobs in Europe
The European Confederation of the Footwear Industry (CEC) is activating two new programs intended to prepare European shoe companies for a positive generational change. It is participating with other stakeholders in the broader textile, clothing, leather and footwear (TCLF) sector in a strategic four-year project, funded by the European Commission ...
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News briefs
The success of Italian exports is largely driven by reshoring....
The success of Italian exports is largely driven by reshoring. This is what emerges from a recent study by Eurostat, the statistical office of the European Union, as reported by the Italian daily Il Foglio. According to the study, more than 79 percent of Italian exported products have been manufactured ...
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Article
Hèrmes’ growth slows down
In a preliminary statement, Hermès International reported a sales increase of only 5 percent in the fourth quarter of 2017, down from the 10 percent increase recorded in the previous nine months. However, the company indicated that its operating results were similar to those obtained in the first half of ...
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Article
YNAP posts double-digit sales growth
Yoox Net-A-Porter (YNAP) saw revenues jump by 16.9 percent at constant exchange rates, or by a reported 11.8 percent, to €2.1 billion in 2017, driven by solid growth in all key regions and growth across all business lines. In 2017, for the first year, sales from mobiles exceeded 50 percent ...
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News briefs
Pantofola D'Oro has opened a new flagship store in New...
Pantofola D'Oro has opened a new flagship store in New York City. The store, which was inaugurated on Jan. 18, is located at 325 West Broadway, in the trendy Soho district of Manhattan. The company said the opening in New York is part of its ongoing retail expansion, which is ...
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News briefs
Dune has joined Nike and Steiner Outdoor to donate overstocked...
Dune has joined Nike and Steiner Outdoor to donate overstocked shoes and boots to Goods For Good for refugee camps in Kurdistan and the Ukraine, and families in the Philippines. Goods For Good is a U.K.-based charity that sends goods donated by businesses and individuals in the U.K. to pre-identified, ...
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Article
Deckers’ results exceed guidance
Deckers is continuing its recovery, exceeding its projections for the second consecutive quarter, after a period of mixed results in the past few years. Its better-than-expected performance in its third quarter, ended Dec. 31, led the company to raise its full-year outlook by approximately $500 million. It now expects sales ...
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Article
Richemont may take full control of Yoox Net-a-Porter
Richemont, the largest shareholder in Yoox Net-a-Porter (YNAP), has issued a public tender offer to purchase the shares that it does not already own, which are equivalent to about 50 percent of the company, for €38 per share. The investment would be worth about €2.7 billion. According to YNAP, the ...
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News briefs
Pure London has hired Nelly Gergi as its new content...
Pure London has hired Nelly Gergi as its new content editor, with immediate effect. She will be responsible for all aspects of content creation including Pure Origin, the new sourcing section of the event. She will also oversee seminar programs across the Main, Future and Origin Stages at Pure London's ...
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News briefs
Tagliatore will soon be launching a shoe collection. The Puglia-based...
Tagliatore will soon be launching a shoe collection. The Puglia-based brand, which is best known for its jackets and outerwear, actually started out making shoes. The grandfather of Pino Lerario, the current company's owner and creative director, originally ran a cobbler's workshop, hence the name “Tagliatore,” which refers to the ...
