All Shoe Intelligence articles in Volume 20, Issue 9-10
View all stories from this issue.
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Short stops
Philippe Model has opened a new store near the Spanish...
Philippe Model has opened a new store near the Spanish Steps in Rome
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Article
JD.com’s sales increase at a slower pace
JD.com, the second-largest e-commerce firm in China after the Alibaba Group, has announced revenues of 100.1 billion yuan renminbi (€13bn-$16bn) for the first quarter of 2018, marking an increase of 33.1 percent from the first quarter of 2017. It also showed its slowest quarterly revenue growth since the company went public, ...
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Article
Wolverine reinvests its improved margins
Wolverine Worldwide reported a record net profit of $46.7 million for the first quarter ended March 31, up from $16.7 million in the year-ago period, thanks in part to lower taxes and a foreign exchange gain of $8 million.Sales declined by 9.7 percent to $534.1 million, but they were up ...
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News briefs
Hotter Shoes is launching a new wedding-inspired line of shoes...
Hotter Shoes is launching a new wedding-inspired line of shoes in response to the forthcoming royal wedding of Prince Harry and U.S.-born Meghan Markle, which will be held on May 19. To celebrate the relationship with the U.S., some of the shoes in the collection feature Union Jack and stars-and-stripe ...
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Article
Vulcabras grows only in the sports segment
Vulcabras Azaleia did not grow in the first quarter as fast as it did in 2017, leading up to its public offering in October. The management explained this with the fact that expectations for improved consumption of apparel and footwear in Brazil seem to have been postponed.While the company was ...
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Short stops
Görtz, the Hamburg-based shoe retailer whose presence is strongest in...
Görtz, the Hamburg-based shoe retailer whose presence is strongest in the northern part of Germany, is opening a new flagship store of more than 1,000 square meters in Munich's central Kaufinger Strasse, its largest in the region of Bavaria
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News briefs
Galaxus, a Swiss online retailer, has sealed a partnership with...
Galaxus, a Swiss online retailer, has sealed a partnership with Vögele Shoes and Surf4shoes that will more than double the shoe range that it is offering for sale. Before the partnership, the Galaxus.ch portal offered 8,000 shoe models online. This will now be boosted to 19,000 styles of women's, men's ...
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News briefs
Superga's growth recovered in the first quarter of this year...
Superga's growth recovered in the first quarter of this year with increases of 7.2 percent in euros and 12.9 percent in local currencies on its aggregated sales, combining direct revenues and sales through licensees. The recovery came after declines that were mainly due to the clean-up of its distribution in ...
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Article
Ferragamo’s shoes lose steam
Salvatore Ferragamo posted a 1.7 percent year-on-year decline in first-quarter sales to €303.9 million. But, at constant-currency rates, quarterly sales rose by 1.7 percent, with the wholesale business performing slightly better than the company's stores in Europe.On a global basis, the company's sales of footwear declined by 5.3 percent in ...
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Article
Frau explores foreign markets
Led by its second generation, Frau, a brand of innovative, comfortable and stylish shoes for men and women “made in Italy,” has just launched a revamped website and online store. It has also started exploring foreign markets, following major investments in design and technology made under the management of Gabriella ...
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Short stops
The Portuguese shoe industry expects to participate in more than...
The Portuguese shoe industry expects to participate in more than 60 promotional activities abroad this year, with major investments in the strategic markets of Japan and the U.S.
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Short stops
Prada has opened one flagship stores in the Middle East...
Prada has opened one flagship stores in the Middle East in the Dubai Mall, covering 1,550 square meters
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Article
Yue Yuen produces and earns less
An expected drop in revenues from manufacturing led Yue Yuen Industrial Holdings to report a decline of 18 percent in comprehensive net income to $119.0 million for the first quarter ended March 31. Taking out extraordinary items, net earnings were still down by 13.8 percent to $90.8 million.The world's largest ...
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Article
Grendene’s export volumes slow down
Grendene's sales increased by 6.9 percent in the first quarter to 621 million Brazilian reais (€145.7m-$172.9m), led by a recovery in volumes and gains in industrial efficiency that led the Brazilian group to post a record operating profits.The parent company of Ipanema, Melissa, Rider and Grendha recorded sales growth both ...
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News briefs
Gucci has opened its first store in the SoHo district...
Gucci has opened its first store in the SoHo district of Manhattan, turning a 155-year-old former pencil factory into a high-end luxury retail destination. Located on Wooster Street, the 10,000-square-foot Gucci store displays all kinds of items under its brand throughout the store on decoratively embellished furniture pieces. The store ...
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News briefs
Vionic Europe is taking over the distribution of its footwear...
Vionic Europe is taking over the distribution of its footwear in Austria and Switzerland, replacing a former distributor, FMT. Oliver Tempe, country manager for Germany, will also be responsible for sales in the two countries. Meanwhile, his office has opened its first shop-in-shop in the German city of Würkzburg
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Article
Stonefly develops synergies with Lotto
This is another, bigger Italian brand of comfort shoes that is seeking to rejuvenate its image, targeting customers between the ages of 30 and 40, reinforcing its offerings in the men's segment and adding a sneaker-inspired touch to its comfort shoes with some of its latest lightweight, flexible models.On the ...
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Article
Paper packaging costs are rising
In looking at the full range of social and environmental issues facing the paper industry, there are a few key themes that are causing quite a bit of turmoil in supply and demand, directly affecting Asian prices.Paper consumption has reached unsustainably high levels, particularly in Asia. Paper use is steadily ...
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Article
Vans is still driving VF Corp’s growth
The Vans brand continues to lift VF Corporation's results. The brand's sales for the three months ended March 31 jumped by 45 percent in dollars and by 39 percent in local currencies, with balanced growth across regions and channels. In reported dollars, Vans' turnover was up by 53 percent from ...
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News briefs
Sabu, the German cooperative of independent shoe retailers, organized a...
Sabu, the German cooperative of independent shoe retailers, organized a special information event for affiliated retailers, the so-called Sabu-Forum, in Heilbronn on April 25. Roughly 170 affiliated retailers participated in the Sabu-Forum, which focused on the opportunities and future perspectives for the German retail industry. Digital developments as well as ...
