All Shoe Intelligence articles in Volume 21, Issue 15-16 – Page 2
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Article
Katag and Modehaus.de cooperate with Zalando
Katag, one of the major European voluntary groups in the fashion apparel sector, and Modehaus.de, the German-based voluntary group for fashion department stores, have recently signed a cooperation agreement with Zalando. Katag and Modehaus.de will now be part of Zalando's so-called “Connected Retail” program, which links members' respective inventories for better ...
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Article
Global footwear trade continues to rise
Exports and imports of footwear continued to grow for the second consecutive year in 2018, reaching an all-time record of $142 billion in terms of value, with an increase of 4.3 percent from the previous year. However, they were up by only 0.8 percent in terms of volume and still ...
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Article
Tod’s continues to disappoint
Quarter after quarter, Tod's continues releasing disappointing results, this time missing market expectations for its revenues by about €7 million in the second quarter. As one financial analyst harshly put it, the best news about Tod's first-half results is that they are “behind us,” while there is still “no light ...
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News briefs
LIR, the family holding company that controls Geox and Diadora...
LIR, the family holding company that controls Geox and Diadora as well real estate assets through Domicapital, has confirmed a report that it is now open to targeted acquisitions. In an interview with the Italian daily Il Gazzettino, Mario Moretti Polegato, chairman and founder of Geox, said that LIR, which ...
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News briefs
Gabor Shoes has developed its first collection of men's shoes...
Gabor Shoes has developed its first collection of men's shoes for the coming autumn season. The new product line, called “Pius Gabor,” will be managed by Jan Brinkmann, who will lead the new division within the company from Sept. 1. Brinkmann previously worked for Rieker and Gabor. Most recently, he ...
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News briefs
The federations of independent clothing and footwear retailers in France...
The federations of independent clothing and footwear retailers in France have announced that they will start discussing a possible merger in September. Run by Jean-François Bessec, the shoe retailers' federation, FDCF, asked the French government in March for ten measures intended to support their businesses in these difficult times.
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Article
Jimmy Choo disappoints
Capri Holdings, the American group previously known as Michael Kors, saw revenues for its first fiscal quarter ended June 29 rise by 11.9 percent to $1,346 million, following the consolidation of the Versace business. However, a previous buy, Jimmy Choo, had a relatively weak performance. On a constant-currency basis, group ...
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Article
Ecco takes over part of its distribution in China
Ecco has split the distribution of its products in China into three regions, Shanghai, Beijing and the rest of China. In the first five months of this year, Ecco took back its distribution in Shanghai by setting up an office that will have direct control over the distribution in the ...
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Article
Havaianas goes direct in Greece and China
Alpargatas, the Brazilian-based parent company of Havaianas, has pulled off a very strong quarter, lifted by both domestic and international sales. Its net income rocketed by 73.0 percent to 31.6 million reais (€7.0m-$7.8m) for the second quarter of 2019. The management said this expansion reflects efforts to widen the focus to ...
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News briefs
Lanxess, the specialty chemicals manufacturer, is selling its chrome chemicals...
Lanxess, the specialty chemicals manufacturer, is selling its chrome chemicals business to Brother Enterprises, a Chinese leather chemicals manufacturer. The companies have signed an agreement, but the transaction still requires the approval of the relevant antitrust authorities. Lanxess expects to complete the transaction by the end of 2019. According to ...
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News briefs
The chairman of India's Council for Leather Exports (CLE), Shri...
The chairman of India's Council for Leather Exports (CLE), Shri P.R. Aqeel Ahmed, led a delegation of 14 industry representatives to East African countries – including Ethiopia, Kenya and Uganda – from July 21 to July 27. The visit was part of a series of initiatives to promote bilateral trade ...
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News briefs
Deichmann re-opened its store on Neuhause Strasse, in the center...
Deichmann re-opened its store on Neuhause Strasse, in the center of Munich, on Aug. 8. This store replaces the store on Kaufinger Strasse and, at 2,300 square meters, is the biggest flagship in Deichmann's domestic market. Deichmann has been selling its products in the Bavarian capital for 34 years and currently has 10 stores ...
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Article
Geox posts weak results, issues cautious guidance
Geox reported first-half sales of €399.4 million, down by 3.5 percent in euros and by 3.6 percent at constant exchange rates, missing market expectations by nearly €5 million and driving the company into a small net loss. The management blamed poor weather in April and May, which delayed the start ...
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Article
Still losing money, Farfetch buys Off-White
The management of the leading internet platform for the luxury goods industry insisted that it was confident about making a profit in the long term after releasing poor results for its second quarter, and meanwhile, it made another interesting acquisition. However, some investors seemed to lose patience as the company's ...
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News briefs
Highlighting the malaise of the department store business in the...
Highlighting the malaise of the department store business in the U.S., Barneys New York has filed for Chapter 11 bankruptcy protection from its creditors, complaining about declining consumer traffic and rising rents. After obtaining $218 million from two financial institutions to pay two loans and cover its costs, the upscale ...
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Article
A new head for the Brazilian shoe industry
Haroldo Ferreira has become the new executive president of Abicalçados, Brazil's association of footwear manufacturers. The 52-year-old manager has been dealing with Abicalçados for some time as president of the Union of Footwear Companies in Brazil's state of Bahia. He was offered the post late last year by Rosnei Alfredo da ...
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Article
Brazil exports more footwear to the U.S.
Brazil shipped some 58.3 million pairs of shoes, worth $480.7 million, in the first half of 2019, according to the Brazilian footwear-industry association, Abicalçados. Compared with the same period of 2018, this represents an increase in volume of 5.3 percent, but a decrease in value of 1.3 percent.In June, the ...
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Article
Rocky Brands tops expectations
Rocky Brands saw its net income for the second quarter soar by 23.1 percent to $3.2 million on revenues that went up by 6.4 percent to $62 million, both exceeding analysts' forecasts.Sales increased in all three of the company's segments, including a 20-plus percent growth in the retail division, lifted ...
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Article
A new Danish crowd-funded brand of vegan sneakers
Elliot footwear is a new label that has just launched its first collection of unisex vegan and “climate-positive” sneakers (sizes 36-46), at the moment available directly to the public exclusively through a crowd-funding platform, IndieGoGo. The range is designed in Copenhagen and made in Vietnam through a Spanish agent.The line ...
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News briefs
Ilse Jacobsen, the Danish lifestyle brand famous for its fashion...
Ilse Jacobsen, the Danish lifestyle brand famous for its fashion rubber boots, has taken over the distribution of its products in neighboring Sweden, where it has been working through an agent for the past 12 years. The brand now has an office and showroom in the Stockholm Fashion District in ...
