All Shoe Intelligence articles in Volume 20, Issue 5-6
View all stories from this issue.
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Article
Vulcabras takes off
Vulcabras, the Brazilian company that owns the Olympikus brand of sports shoes, and two brands of women's shoes, Azaleia and Dijean, has definitely turned the corner. It has reported a net profit of 188.9 million reais (€47.0m-$58.3m) for 2017, up sharply from R$35.7 million in the year-ago period, on 11.4 percent ...
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Article
Other U.S. retailers are not doing well
The Walking Company, a big American retailer specializing in comfort shoes from Europe and elsewhere with about 200 stores throughout the U.S., has filed once again for bankruptcy protection, citing liabilities of between $50 million and $100 million. Li & Fung is said to be among its biggest creditors, along ...
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News briefs
The number of visitors at the recent Simac Tanning Tech...
The number of visitors at the recent Simac Tanning Tech show organized by Assomac increased by 18 percent as compared to a year ago. They included more than 160 operators from 20 foreign delegations invited to the Italian machinery and equipment show, where about 300 exhibitors showed their latest technology. ...
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News briefs
Mizuno is moving into the lifestyle segment with a sneaker...
Mizuno is moving into the lifestyle segment with a sneaker version of its Wave Rider running shoe, first launched in 1998. Called Wave Rider 1, the new sneaker will be the first product in a new Sports Style category for the Japanese brand. It is being introduced selectively at retail ...
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Article
Steve Madden will launch new lines
Steve Madden posted another set of strong results for the three months and the full financial year ended Dec. 31, following several quarters of sustained growth. On the back of this performance, the group announced that it is going to add new brands to its portfolio in 2018.Among its major ...
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Article
Tod’s predicts a slight sales increase
Tod's, which as previously reported is also going under new management (see the News Brief in this issue), expects to post a slight increase in revenues this year but remains cautious about operating profits. Anyhow, the bottom line is due to benefit from a lighter tax burden.In a conference call ...
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Article
Wolverine wants to grow more internationally
Wolverine Worldwide announced new initiatives to accelerate product development, boost e-commerce and drive expansion abroad, while releasing mixed results for 2017, with lower revenues but higher margins. The group's management also indicated that it may be willing to consider new acquisitions after its recent disposal of several brands including the ...
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News briefs
The newest protectionist measures planned by the U.S. government are...
The newest protectionist measures planned by the U.S. government are triggering complaints on many fronts. Members of Footwear Distributors & Retailers of America are particularly worried about a proposed increase in duties on shoes and other consumer goods imported from China, in response to investigations into the violation of intellectual ...
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Article
A good Micam
The organizers of the Micam trade show announced a total of 44,227 visitors in terms of daily entrances at the world's leading event of this kind for the footwear sector at its 85th edition last month, which compares with 44,610 a year ago.Russia regained the first spot in foreign attendance ...
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Article
Schuh weigh on Genesco's results
Genesco, the U.S.-based owner of Journeys and other retail banners including Schuh in the U.K., recorded strong results in its fiscal fourth quarter for its American Journeys and Johnston & Murphy chains. However, this was offset by difficult comparable sales in the Lids chain, increased promotional activity in the U.K., ...
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News briefs
As part of its future strategy, Werdich is making greater...
As part of its future strategy, Werdich is making greater use of the opportunities of digitization by introducing the “keystone,” a new store concept premiering in Augsburg. The interior of the German shoe retailer's “Weberhaus” site has been completely redesigned to convey a modern, high-quality atmosphere. The company says the ...
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News briefs
Roger Vivier, the luxury footwear label owned by Tod's, has...
Roger Vivier, the luxury footwear label owned by Tod's, has named Gherardo Felloni as its new creative director. According to reports in WWD, his first collection for Roger Vivier is set to be presented in September. He replaces Bruno Frisoni, who had recently announced his departure from the French footwear ...
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News briefs
HS Footwear, a subsidiary of Hamm Market Solutions, has signed...
HS Footwear, a subsidiary of Hamm Market Solutions, has signed a long-term licensing contract for the development, production and worldwide distribution of footwear under the Scotch & Soda brand name. Sales to retailers will begin in June 2018 with product in-store from early 2019.
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News briefs
Josef Seibel has opened its first mono-brand store in Heidelberg,...
Josef Seibel has opened its first mono-brand store in Heidelberg, featuring touchscreen devices to offer an extended aisle, connected with the company's newly launched web store. It occupies only 45 square meters in the premises of a former shop called Spirit of Nature. The company plans to add other similarly ...
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Short stops
Pikolinos is reportedly planning to open its first German store...
Pikolinos is reportedly planning to open its first German store on Berlin's central Kurfürstendamm
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Article
Ferragamo posts lower sales and profits
As previously reported, Salvatore Ferragamo posted a 3.1 percent decline in revenues to €1,394 million in 2017. At constant currency rates, they declined by 1.4 percent (see Shoe Intelligence Vol 20 n°3+4).Net income after minority interests was down by 42.4 percent to €114.3 million, some €10 million less than what ...
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Article
Ferragamo sees new trends in luxury
The global personal luxury market is estimated to have grown by 6 percent at constant currency rates in 2017 and is expected to register a similar performance in 2018, with the interception of millennials' demand being key for success, according to a market scenario released by Salvatore Ferragamo.The survey indicated that ...
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Article
Portuguese shoe exports are on the rise
Portugal exported 83 million pairs of shoes in 2017, according to Statistics Portugal, worth €1,965 million, an increase of 2.8 percent as compared to the previous year. It was the eighth consecutive year of export growth for Portuguese footwear. Since 2009, the increase has been of around 55 percent. Europe ...
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Short stops
++ Geox' first Kids Store has opened in Moscow's Europesky...
++ Geox' first Kids Store has opened in Moscow's Europesky shopping center, which is said to be visited by more than 40 million shoppers each year
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Article
The European industry needs new people
One of the most interesting events held during the recent Micam Milano trade show was a conference where a group of about 250 students from all over Italy were invited to check out some of the most stimulating opportunities offered to them by joining the footwear industry. They were told, ...
