All Shoe Intelligence articles in Volume 21, Issue 1-2 – Page 2
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Article
Café Noir relies more on its online and retail sales
The Italian brand of footwear and accessories posted relatively flat sales of around €30 million in 2018, but its management aims to lift them to an annual level of €45 million in five years' time through the expansion of its mono-brand network, e-commerce and exports.Café Noir is ramping up its ...
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Article
Driven by Vans, VF will not buy Skechers
Skechers' stock market capitalization went up by 6.3 percent last Thursday, following a Tweet message according to which VF Corporation, the parent of Timberland, Vans and other brands, was in advanced negotiations to buy the company at a high premium, giving it an enterprise value of about $6.5 billion.On the ...
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News briefs
Vibram, inventor of the glove-like FiveFingers shoe, has made Burten...
Vibram, inventor of the glove-like FiveFingers shoe, has made Burten Distribution the exclusive U.S. distributor for its Furoshiki line of footwear. The Furoshiki shoe, also known as the Wrapping Sole, takes inspiration from the Japanese art of furoshiki, in which a given object is wrapped with a single length of ...
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Article
Brexit or no Brexit, the industry wonders
The European shoe industry has been thrown into a period of increased confusion and uncertainty about future strategies by the overwhelming defeat by the British Parliament last week on the agreement that Prime Minister Theresa May had painfully negotiated with the European Commission on the terms of the U.K.'s divorce ...
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Article
Brazilian shoemakers are optimistic
The recent election of a new president in Brazil, Jair Bolsonaro, is expected to improve the country's battered economy and to generate more competition by opening up the Brazilian market, says Heitor Klein, executive president of the Brazilian shoe industry association, Abicalçados.He says the cost of making shoes in Brazil ...
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News briefs
Sustainable Origin, the sustainability certification of the Brazilian leather-footwear chain,...
Sustainable Origin, the sustainability certification of the Brazilian leather-footwear chain, has been reformulated. The Sustainable Origin program was launched six years ago to certify the production in the footwear industry in the areas of environmental, social, cultural, and economic sustainability. The program was developed by the Brazilian Association of the ...
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Article
Shoe Zone and Boohoo immune to the U.K’s tough retail situation
Despite the difficult retail environment in the U.K., hampered by uncertainty surrounding Brexit, both of these retailers reported relatively positive results, in contrast with retailers like Footasylum (see the article in this issue) and Asos (see the article in our previous issue), which had to resort to heavy discounting because ...
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Article
Better-than-expected results for U.S. chains
Boosted by the ongoing strength of their U.S. footwear businesses, several big retailers in the country posted upbeat preliminary results, often surpassing expectations. Genesco posted a comparable sales increase of 4 percent for the quarter ended on Jan. 10, 2019. This came after the company posted a 4 percent same-store ...
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Article
Crocs is still outperforming, wants to do better
With its financial turnaround virtually completed, Crocs is considering new initiatives in terms of product development and retailing, including the further development of e-commerce, to help reach a double-digit operating margin going forward, while keep gross margins slightly above 50 percent of sales and operating expenses below 40 percent.The company ...
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News briefs
Skechers USA has begun to expand its headquarters in California....
Skechers USA has begun to expand its headquarters in California. The project, overseen by David Forbes Hibbert of DFH Architects, will feature a design center of 100,000 square feet, add new executive offices along the Pacific Coast Highway in Hermosa Beach, double the offices, design studios and showrooms in the ...
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Article
Boot Barn
A smaller American shoe retailer that has posted better-than-expected results is Boot Barn. Both preliminary earnings and sales for its third quarter ended Dec. 29 came in well above projections.Revenues were up by 13 percent to about $254 million, with same-store sales increasing by approximately 9.2 percent, including double-digit growth ...
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News briefs
Paul Golbert, the founder of Pajar Canada, passed away on...
Paul Golbert, the founder of Pajar Canada, passed away on Dec. 25, at the age of 92. Pajar Canada, founded in 1963, is a five-generation family-owned footwear and outerwear company based in Montreal. Golbert was born in France in a shoemaking family, and emigrated to Canada in the 1950s, starting ...
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Article
Bohoo performs better than Asos
Bohoo reported strong growth across all brands and regions in the four months through December, leading the British online fashion retailer to raise its full-year revenue guidance.Revenues jumped by 44 percent from the year-ago period to £328.2 million (€370.7m-$421.3m). The gross margin improved by 1.7 percentage points to 54.2 percent.Sales at the ...
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News briefs
Delphine Arnault is the second women to have joined the...
Delphine Arnault is the second women to have joined the 12-member executive committee of LVMH, the luxury goods group run by her father, Bernard Arnault. The group indicates that it made this choice because of her product awareness and her close connection with young designers. Born in 1975, she joined ...
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News briefs
Etos, Brandt Software-Produkte and Ariston Informatik, in cooperation with the...
Etos, Brandt Software-Produkte and Ariston Informatik, in cooperation with the German Shoe and Leathergoods Industry Association (HDS/L), are about to launch a joint project: the “SPOCC – Single Point of Content and Communication” platform. The SPOCC was created in May 2018 as an alliance between industry representatives and technology partners. ...
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News briefs
Timberland appointed Marc Martin to the newly created position of...
Timberland appointed Marc Martin to the newly created position of field sales manager for Germany, Austria and Switzerland on Jan. 1. In addition to overseeing all product categories sold in specialist stores in those countries, Martin will lead Timberland's entire specialist trade team for German-speaking countries. He will report directly ...
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News briefs
Uwe Staudiger has been appointed by the Austrian-based Legero United...
Uwe Staudiger has been appointed by the Austrian-based Legero United group as country manager for Germany. He will also be responsible for a new Central Region that comprises the German-speaking countries, the Czech Republic and Slovakia. He is taking over some of the responsibilities of Josef Renner, who is leaving ...
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News briefs
Satra has announced that Austin Simmons, its chief executive, is...
Satra has announced that Austin Simmons, its chief executive, is planning to retire later this year. John Hooker, the current deputy chief executive, will take over as chief executive in the summer. Simmons joined Satra in 1996. He became assistant director in 2002, taking on responsibilities for a number of ...
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News briefs
Ricosta has announced its decision to withdraw from the direct...
Ricosta has announced its decision to withdraw from the direct distribution of its products to Amazon, starting with the next autumn/winter collection. The German children's footwear specialist says it want to strengthen its retail partners, supporting their omni-channel activities and enabling better planning. The company said the move follows the ...
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News briefs
Marks & Spencer (M&S) is launching a range of vegan...
Marks & Spencer (M&S) is launching a range of vegan shoes for the spring. The new range of vegan products is meant to address the growing interest for vegan alternatives across a variety of sectors. The British retailer already sells vegan items within food and beauty sections in its department ...
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