All Shoe Intelligence articles in Volume 21, Issue 23-24
View all stories from this issue.
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Article
Sweden’s VRG is restructuring
The Venue Retail Group (VRG), the Swedish shoe retailing group that operates 115 stores in Sweden and Norway under the Accent, Morris and Rizzo banners, applied for insolvency proceedings and obtained it on Nov. 20. Further store closures and staff reductions are expected.VRG, which was previously called Wedins, is also ...
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Article
Salamander shrinks its Russian sales network
Salamander has closed two stores in St. Petersburg, which is believed to be a part of a bigger trend as street retail has been seen gradually losing its popularity in Russia. Salamander is traditionally perceived as a premium footwear retailer in Russia, selling shoes from the upper price segment.Salamander runs ...
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News briefs
Rusty Hall will return to Mephisto's U.S. subsidiary on Jan....
Rusty Hall will return to Mephisto's U.S. subsidiary on Jan. 3 in the role of president and chief executive. He had already served in this function between 2010 and 2015. The seasoned manager has accumulated more than 20 years of experience in the comfort footwear industry. Hall most recently served ...
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Article
The Russian shoe market goes online
The overall sales on the Russian markets for shoes, clothes and accessories in 2018 remained unchanged as compared to the previous level at 2.36 trillion rubles (€34.0bn-$37.8bn), a marketing study conducted by the Russian analytical agency Fashion Research Group showed. On the other hand, online sales of these products jumped ...
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News briefs
Schuhaus Kay, the German shoe retailer from northern Germany, has...
Schuhaus Kay, the German shoe retailer from northern Germany, has been taken over by a Berlin-based investment company called Goal. The local court of Hamburg granted an application for self-administration on Nov. 26. The executive board of Schuhhaus Kay reports that all of the company's shares have been sold to ...
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Article
Strong profits and online sales send Genesco’s shares up
Higher gross margins at each of the group's divisions helped Genesco achieve a net income gain of 31.4 percent for the third quarter to $18.9 million. However, the American shoe retailing group's total revenues were down slightly by 0.5 percent to $537.2 million. The company benefited from an improved performance ...
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News briefs
Timberland has stated that in the future it will be...
Timberland has stated that in the future it will be using leather from farms with sustainable pasture practices. Such practices foster the welfare of the animals, taking into account their herd instinct. They also reduce CO2 emissions, as lower use of grazing areas allows them to regenerate, bind more CO² ...
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News briefs
Micam Milano will launch the teaser of a new format,...
Micam Milano will launch the teaser of a new format, called Micam X, at the next edition of the trade show on Feb. 16-19. Located in Hall 1, where its fashion shows and conferences have been held lately, Micam X is described as a new space where visitors can discover ...
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News briefs
Relaxo Footwear, an Indian group that sells shoes under the...
Relaxo Footwear, an Indian group that sells shoes under the Sparx, Flite and Bahamas brands, said that its net profit rose by 77 percent to 710 million rupees (€9.02m-$9.99m) in the fiscal second quarter ended on Sept. 30 as revenues grew by 13 percent to 6,230 million rupees (€79.14m-$87.66m).
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News briefs
The Federation of Spanish Footwear Industry (Fice), the Spanish National...
The Federation of Spanish Footwear Industry (Fice), the Spanish National Association of Footwear Commerce (ANCC) and the Association of Footwear Merchants of Madrid (ACC) came together last month to request the immediate withdrawal of an ad campaign by PortAventura World. The company, which operates three theme parks near Barcelona, was ...
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News briefs
Momad, the Spanish fashion trade show held twice a year...
Momad, the Spanish fashion trade show held twice a year in Madrid, will reintegrate the footwear segment of the trade fair, which had broken away at the beginning of this year and was renamed ShoesRoom by Momad. The first ShoesRoom exhibition was held in March, a few weeks later than ...
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News briefs
Vinzens Lauterburg, a member of the family that founded Fretz...
Vinzens Lauterburg, a member of the family that founded Fretz Men, will take over its management on Jan. 1. The Swiss shoe company will also have a new sales director, Steffen Fredslund, who previously worked for Diesel and Hugo Boss. The two managers will take the place of Daniel Omlin ...
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News briefs
Expo Riva Schuh, the leading international shoe fair of the...
Expo Riva Schuh, the leading international shoe fair of the mass market segment, will launch a new training program in a section called Hangar D. It will also add a new North Entrance to its main exhibition center to facilitate access to its Gardabags section for leathergoods. The organizers of ...
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News briefs
Ulrik Schultz will resign at the end of this year...
Ulrik Schultz will resign at the end of this year as chief executive of Bonvita, the Danish distributor, which also owns the growing Bundgaard label of children's shoes. The group's chief commercial officer and main owner, Herik Hammer, will become the new CEO. He will also take over the management ...
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News briefs
Overcube, the new multi-brand e-commerce operation launched by the Portuguese...
Overcube, the new multi-brand e-commerce operation launched by the Portuguese Kyaia group in March 2018, has opened its first physical store in Lisbon's central Avenida da Liberdade. Customers can try some of the shoes and place orders online at a kiosk for any of the brands offered through the online ...
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Article
Ecco expands in India and Russia
Ecco has reported on the opening of its first three mono-brand stores in India, positioning itself as a brand of premium-quality products after a careful analysis of the market. They will be managed by its joint venture in the country.The first one was inaugurated on Nov. 8 at Delhi's Gurgaon ...
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News briefs
The Dune Group recorded a string of negative results in...
The Dune Group recorded a string of negative results in the last financial year, according to data that have recently been made public. The British shoe retailer saw a decrease in its turnover to £143.89 million (€168.21m-$185.26) in the 12 months ended last January, as compared to £149.92 million a ...
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Article
Former DSW posts weaker-than-expected results
Designer Brands, the American shoe retailing group previously called DSW, struggled in its third fiscal quarter ended on Nov. 2. Retail sales declined and same-store sales inched up by only 0.3 percent, compared with a gain of 7.3 percent for the year ago-quarter.In reported terms, net income increased by 11.0 ...
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Short stops
OluKai is opening two directly owned stores in Hawaii...
OluKai is opening two directly owned stores in Hawaii
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Article
A new kid’s group from Denmark
Two Danish children's fashion companies, Brands4Kids and the Utoft Kids Group, will merge on Jan. 1, 2020, under the name Brands4Kids. Their combination will create one of Scandinavia's largest kid's clothing companies, with a strong presence also in the footwear sector.Both businesses are doing well and growing. The merger follows ...
