All Shoe Intelligence articles in Volume 20, Issue 7-8
View all stories from this issue.
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Article
Poletto will run Weitzman
Eraldo Poletto, the experienced Italian executive who left as chief executive of Salvatore Ferragamo last month, has been appointed as the new CEO and brand president of Stuart Weitzman, effective from April 30. He will directly report to Victor Luis, the CEO of Weitzman's holding company, formerly called Coach and ...
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Article
Russia starts offering VAT refunds
As from Jan. 1, 2018, foreign citizens can get taxes back for the purchases they make in Russia, following the introduction of a new law on the value-added tax. The new legislation allows shoppers from outside the Eurasian Economic Union (EEU) to save up to 18 percent when they spend ...
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News briefs
The use of leather in shoe uppers is likely to...
The use of leather in shoe uppers is likely to improve after 2019. According to the latest edition of Leather Pipeline, the market intelligence report on leatherbiz.com, the prospects for a larger use of leather are based on two main reasons. Firstly, the widespread use of mesh uppers in casual ...
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Article
Yue Yuen posts strong sales, keeps Pou Sheng
An increase in the manufacture of athletic shoes and strong growth in the group's retail business boosted Yue Yuen Industrial's revenues for 2017. They rose by 7.6 percent from the previous year to $9,120 million.The momentum continued in the first quarter of this year for the world's largest shoe manufacturer, ...
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Article
Pittards improves sales and profits
Pittards, a major supplier of leather to the sporting goods industry based in the U.K, made a pre-tax profit of £400,000 (€458,000-$562,572) in 2017, down from a loss before taxation of £4.1 million in 2016, when it faced a major inventory writedown of £4.3 million (€4.9m-$6.0m).Revenues jumped by 12 percent ...
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News briefs
Sergio Rossi is teaming up with Luxba Group on a...
Sergio Rossi is teaming up with Luxba Group on a new strategic partnership that is supposed to help the Italian luxury shoe company develop its presence in China. The financial details of the agreement have not been disclosed. Last year, Sergio Rossi closed its 10 franchise stores in China, which ...
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News briefs
The Josef Seibel Group has signed up with the online...
The Josef Seibel Group has signed up with the online brand marketing and networking platform We Want Shoes for its Josef Seibel, Gerry Weber Shoes and Romika brands of shoes. The platform serves as a virtual showroom. The German group intends to present models of its current collections, as well ...
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Article
Good online sales for Obuv Rossii
Obuv Rossii, the first Russian footwear retailer to have been listed on the stock exchange, generated net revenues of 2.26 billion rubles (€30m-$37m) in the first quarter 2018, up by 6.1 percent as compared to the same period in the previous year.The growth has been driven by the opening of ...
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Article
LVMH is going for sneakers
The world's largest luxury goods company is reportedly eyeing a possible investment in Stadium Goods, an exclusive American online retailer for “authenticated” sneakers that has been collaborating with the likes of Supreme and Off-White, the company founded in 2013 by Virgil Abloh, the 37-year-old designer who has just been appointed ...
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News briefs
Hogan is going to open a new store in Hamburg....
Hogan is going to open a new store in Hamburg. The sneaker brand already owns stores in Düsseldorf, Munich and Frankfurt and is now opening its fourth store in the German market. Just like Hogan's new store in Milan, the new store in Hamburg will feature a new design that ...
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News briefs
Rainer Luers, a veteran of the German shoe industry who...
Rainer Luers, a veteran of the German shoe industry who had recently strayed away into the world of leathergoods, is now working for Mephisto. He is taking care of some important markets in Eastern Europe and the Asia-Pacific region like Russia, Ukraine, China, Korea and Australia.
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News briefs
Three top managers of Groupe Royer have left the French...
Three top managers of Groupe Royer have left the French company in the last few months. Fidel Fernandez, a veteran of the group, has reportedly set up his own business. He was most recently in charge of a couple of brands owned by the group, Luxat and Pare Gabia, and ...
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News briefs
Kyaia, the Portuguese group which owns Fly London and other...
Kyaia, the Portuguese group which owns Fly London and other brands, is investing in a new digital platform, called Overcube. The site currently sells footwear from the group's brands, but the goal is to expand it to more national and international brands. According to reports by Apicapps, the Portugal's shoe ...
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News briefs
Think! has opened its first Swiss mono-brand store in the...
Think! has opened its first Swiss mono-brand store in the city of Thun through a long-standing wholesale client. It's the Austrian brand's 26th store worldwide. Others will follow in the country.
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News briefs
Pikolinos opened its first store in Germany this month, located...
Pikolinos opened its first store in Germany this month, located in the central Kurfürstendamm in Berlin. Pikolinos has been expanding its retail network in recent years, both in Spain and overseas, including the opening of new stores in Santander, Palma de Mallorca and Madrid last year. The company intends to ...
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News briefs
Walter Fink, former owner of the German Fink Schuhe +...
Walter Fink, former owner of the German Fink Schuhe + Sport retail chain of 60 shoe and sporting goods stores, passed away at the age of 87. Born in 1930, Fink joined his father's shoe retail store in 1960. He focused on the expansion of the company before he left ...
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Article
Strong exports from France
Demand for French leather products is increasing after the sector reported a strong 7 percent export growth in 2017 to pass the €10 billion mark, according to figures published by industry's umbrella organization, the Conseil National du Cuir. This includes shipments of raw hides and skins, finished leather, shoes, leathergoods, ...
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Article
International helps Steve Madden to top expectations
Steve Madden continues to perform well, posting another strong quarter that surpassed Wall Street expectations thanks to steady growth at its flagship label and rising demand from outside the U.S. The management said it was particularly pleased with the strong growth recorded abroad in the quarter, which it attributed to ...
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Article
Ferragamo recruits a former Gucci executive
Salvatore Ferragamo has appointed Micaela Le Divelec, a former Gucci executive, as managing director and chief corporate officer. She will join Giacomo (James) Ferragamo, who has been appointed vice chairman, and the chief financial officer, Ugo Giorcelli, to form a trio of “strategic managers.” The company's annual shareholders' meeting confirmed ...
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News briefs
Hermès has launched a new, revamped European website. The new...
Hermès has launched a new, revamped European website. The new digital flagship store was launched simultaneously in Austria, Belgium, Czech Republic, Denmark, Finland, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, and the U.K. on April 3. The latest launch follows a pilot deployment of the revamped ...
