All Shoe Intelligence articles in Volume 21, Issue 11-12
View all stories from this issue.
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Article
Pressure on profits for Yue Yuen
Profit margins continued to be under pressure for the world's largest shoe manufacturer, which is also a major distributor and retailer in China. Yue Yuen Industrial's total revenues increased by 8.4 percent in the first three months of this year to (U.S.) $2.48 billion, but the attributable net profit declined ...
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Article
Sneakers: a never-ending story
Claudia Schulz, a well-known German fashion expert who enjoys a strong reputation in the footwear market beyond the national borders, feels that the strong sneaker trend is here to stay, although WSGN recently indicated at the Micam trade show that sales of “trainers” seem to have reached a peak in ...
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Article
Turkey will be less penalized
Experts predict that the Turkish leather industry could reach exports of between $1.7 billion and $1.8 billion this year, compared with a range of between $1.5 billion and $1.6 billion in the last four years, based on the figures available for the first four months of 2019. They amounted to ...
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News briefs
Kering is planning to relocate the majority of its Swiss...
Kering is planning to relocate the majority of its Swiss logistic operations to Italy between 2020 and 2022. The project will be implemented gradually over the next three years. The new Italian hub will be based at Trecate near Novara, in Italy's northwest, and the move will result in an ...
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News briefs
Lubrizol is promoting its portfolio of thermoplastic polyurethane (TPU) for...
Lubrizol is promoting its portfolio of thermoplastic polyurethane (TPU) for performance footwear applications, highlighting advantages in terms of environmental sustainability. According to Lubrizol, its innovative advanced polymers enable the development a nearly 100 percent TPU shoe that is recyclable while still meeting performance requirements. Data from the U.S. Department of ...
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Article
Hunter swings to a profit
Hunter Boot recorded total sales of £113.8 million (€128.6m-$144.9m) last year, representing an increase of 9 percent as compared to the previous year. According to the British company, the growth was primarily driven by increases of 13 percent both in the U.S. and in the Asia-Pacific region.Hunter took direct control ...
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Short stops
Vans is launching a line of Harry Potter shoes in...
Vans is launching a line of Harry Potter shoes in collaboration with Warner Brothers
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Article
U.S. removes India and Turkey from GSP trade program
The U.S. government has pulled India and Turkey out of its Generalized System of Preferences (GSP) scheme, which allows thousands of products to be imported into the U.S. without duties. The U.S. is currently reviewing GSP benefits for Indonesia and Thailand.GSP eligibility ended on June 5 for India and on ...
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Article
Group results indicate a turnaround
On the other hand, Genesco reported net income of $6.3 million for the quarter, compared with a net loss of $2.3 million in the corresponding quarter of last year. The company's operating margin (Ebit) improved by 1.1 percentage points to 1.8 percent, while revenues rose by 2.0 percent to $495.6 ...
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News briefs
Vapesol, the Portuguese maker of soles, has launched the first...
Vapesol, the Portuguese maker of soles, has launched the first edition of its own design competition, called Academia Vapesol. The participants have to design shoes for men and women for the autumn/winter 2020/2021 season. The prototypes have to include a sole from Vapesol's catalog. The winner will receive €1,000 and ...
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Article
President Trump’s special diplomacy shakes up the footwear market
American shoemakers are reassessing their sourcing strategies while U.S. President Donald Trump continues to play hardball with the Chinese government, threatening to raise import duties by a further 25 percent on a number products, including footwear, by Aug. 1. If that happens, duties paid on shoe imports into the U.S. ...
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Article
A promising but difficult market
The prospects are very good, considering also the fact that India is likely to overtake China as the most populous nation in the world by 2024 with 1.45 billion people, according to the United Nations, in spite of declining fertility rates.Despite its rosy prospects, the Indian market still has its ...
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Article
Sneakers are in high demand in Germany, and online is strong
German customers bought sneakers for a value of €592 million in 2018, according to a “Sector Report Shoes 2019” released by Marketmedia24 and Noceanz. They spent more on women's sandals, for a total of €610 million.On the other hand, sneakers were the most desired items for German women, with a ...
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Article
Deckers is doing well
Deckers Brands, the parent of Ugg and other footwear brands, broke the $2 billion milestone in the financial year ended March 31 as its total revenues went up by 6 percent to $2,020 million. The gross margin improved by 2.5 percentage points to 51.5 percent and the group's comprehensive ...
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News briefs
Vagabond International will take over Vagabond Schuhvertrieb, the sales company...
Vagabond International will take over Vagabond Schuhvertrieb, the sales company that handles the distribution of Vagabond's products in Germany and Austria, on June 1, 2020. For many years, Vagabond and Tygesen Company, a distributor from Denmark, were equally involved through a shared ownership agreement, which will be terminated in June ...
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Article
India is promising for local and foreign shoe companies
As India is enjoying strong economic growth, its footwear market is becoming more and more attractive to local firms traditionally focused on exports as well as to foreign investors.According to the World Footwear Yearbook, India overtook the U.S. as the world's second largest consumer of shoes in terms of quantity ...
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Article
Jimmy Choo outperforms
Capri Holdings, the American group previously known as Michael Kors, reported a decline of 8.44 percent in its net income to $542 million for the financial year ended on March 31. The company's operating margin (Ebit) decreased by 1.9 percentage points to 14.0 percent, while revenues jumped by 11.0 percent ...
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Article
Genesco’s Schuh chain gets out of Germany
Schuh, the Scottish-based youth-oriented shoe retailer owned by Genesco, is closing all its three stores in Germany on June 22. Its German website www.schuh.eu/de will continue to operate, but the orders will be fulfilled by the chain's warehouses in the U.K. The company, which adopted the German word for “shoe” as its ...
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News briefs
A sculpture and film commissioned to celebrate the centenary of...
A sculpture and film commissioned to celebrate the centenary of Satra, the independent research and testing organization, have been completed. The sculpture, called No Compromise, was recently unveiled by His Royal Highness the Duke of Gloucester. Martin Steele – a sculptor who is based, like Satra itself, in the English ...
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Article
Shoe Carnival looks for consumer insights
Shoe Carnival had a slow start to the first quarter of 2019, which it blamed on poor weather and delayed tax refunds. The American shoe retailer's revenues decreased by 1 percent from the year-ago quarter to $253.8 million, while comparable store sales declined by 0.2 percent.However, the management pointed out ...
