All Shoe Intelligence articles in Volume 21, Issue 7-8
View all stories from this issue.
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Article
Rohde’s situation stabilizes under new ownership
Rohde, the German shoemaker that came out of insolvency in 2017 after being bought by Italy's Inblu, posted net sales of €16 million last year. Its management claims that it has returned to a normal business conditions with the autumn/winter 2018/2019 collection. Inblu is a unit of the Italian-based Condor ...
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Short stops
Sergio Rossi has moved from Sloane Street to a new...
Sergio Rossi has moved from Sloane Street to a new 100-square-meter location in London on Mount Street, equipped with a shoe configurator for women's shoes
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News briefs
The number of sneaker shops in Spain has increased by...
The number of sneaker shops in Spain has increased by 204 percent over the last four years, according to CMDsport. In January 2016, seven main operators ran a total of 98 stores. In January 2019, numbers had jumped to 15 operators running a total of about 300 stores across the ...
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News briefs
John Lewis Partnership, which includes John Lewis and Waitrose, has...
John Lewis Partnership, which includes John Lewis and Waitrose, has announced its commitment to have a net zero carbon footprint across all its stores, head offices and distribution centers by 2050. The company aims to decarbonize as much as possible already within the next ten years. Indeed, it plans to ...
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Short stops
Hermès has inaugurated a new store in New York at...
Hermès has inaugurated a new store in New York at 46 Gansevoort Street, in Manhattan's Meatpacking District.
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Article
LVMH grows strongly, invests in tourism
LVMH's share price grew by 3.3 percent after the group announced a sales increase of 11 percent on an organic basis for the first quarter. Revenues from Fashion & Leathergoods rose by 15 percent, topping analysts' estimates of an increase of 11 to 12 percent.The sales increases, which marked an ...
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News briefs
Tempe, the Spanish joint venture of the Inditex Group that...
Tempe, the Spanish joint venture of the Inditex Group that develops the shoes for Zara and its other retail chains, booked a net profit of €113 million last year, 39 percent above the level reached in 2017, on 5.6 percent higher sales of €1.25 billion. The company plans to expand ...
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News briefs
Tod's is moving the Tokyo flagship store of the homonymous...
Tod's is moving the Tokyo flagship store of the homonymous brand from Omotesando to another area of the city with greater traffic. A similar move was made in Milan, where the brand transferred its store from Via della Spiga to Via Montenapoleone. The brand decided to take advantage of high ...
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Article
Obuv Rossii gets money to fuel expansion
Russia's major shoe retailer, which is also a major shoe manufacturer, signed an agreement with one of the Russian biggest banks, Promsvayzbank, for 3 billion rubles (€40m-$45.5 m) to support the Obuv Rossii's long-term development strategy. The bank said the loan had been granted to support the government's plans to ...
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Article
Kienast emerges as strategic investor for Schuhpark Fascies
The family-owned Kienast Group has won a bidding race for a strategic investment in the insolvent Schuhpark Fascies chain of shoe shops in Germany. The creditors of Schuhpark Fascies will vote on the investment from Kienast and the broader insolvency plan in May, a company statement said, adding that a ...
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Article
Ecco posts record sales and earnings
Ecco has said it achieved record sales and profits in 2018, despite a challenging retail environment and currency headwinds.Revenues improved by 2.6 percent to €1,310 million, while pre-tax earnings increased by 9.2 percent from the previous year to €200.7 million, indicating a comfortable margin. Currency fluctuations had a negative impact: ...
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News briefs
The organizers of the Gallery Shoes trade show in Düsseldorf...
The organizers of the Gallery Shoes trade show in Düsseldorf last month judged its results as positive, as the number of visitors reached 9,800, or 300 more than expected, in spite of very bad weather hampering travel to the city. The space in the fairgrounds was fully booked with a ...
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Article
Good growth for DSW
In the three months ended on Feb. 2, 2019, DSW's total revenues jumped by 15.9 percent from the year-ago period to $838.6 million. Comparable store sales climbed by 5.4 percent. The management attributed these results to the relaunch of the DSW loyalty program, its product assortment and its strategy to ...
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Article
SafeSize draws new funding
SafeSize, the Dutch foot- and shoe-scanning company, recently raised €10 million in a Series B round of funding. The investors are 3TS Capital Partners of Finland, which focuses on small and medium-size enterprises (SMEs) in tech and media; Convent Capital of the Netherlands, which focuses on medium-size businesses in the ...
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News briefs
Permira, the investment fund that took over Dr. Martens and...
Permira, the investment fund that took over Dr. Martens and its parent company Airwear International from the Griggs family six years ago, is planning to cash out with a fat return on the investment, according to Sky News. It is reportedly seeking a valuation that would be more than double ...
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Article
Pittards seeks to diversify
Pittards, a major U.K.-based supplier of leather to the sporting goods industry, had a mixed year in 2018, with revenues falling by 5.9 percent from 2017 to 28.5 million pounds sterling (€33.1m-$37.2m). The management said it faced a difficult environment, including a globally subdued economic climate, with overall weaker demand ...
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Article
Prada and Tod’s disappoint, Ferragamo reassures the market
Prada and Tod's both released disappointing results for the past financial year, adding worryingly poor outlooks for 2019, while Salvatore Ferragamo reassured observers that its turnaround is bearing fruits thanks to a positive start to 2019.The Prada Group suffered a decrease in its gross profit margin to 72.0 percent in ...
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News briefs
Kai Dirks is replacing Michael Stoll at the Hamm-Reno Group...
Kai Dirks is replacing Michael Stoll at the Hamm-Reno Group the end of April as the executive board member in charge of retailing. His tasks will include the repositioning of the Reno banner and the integration of the 80-odd CCC stores in Germany that the group took over a few ...
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Article
Skechers’ shares drop despite record revenues
After passing the $1 billion revenue threshold in the fourth quarter of 2018, Skechers USA ended up again with record sales in the first quarter. They reached $1,280 million, an increase of 2.1 percent over the year-ago quarter. In constant currencies, revenues increased by 5.6 percent. This was fueled by ...
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Short stops
Santoni is opening new mono-brand stores in New Delhi and...
Santoni is opening new mono-brand stores in New Delhi and Dubai
