All Shoe Intelligence articles in Volume 21, Issue 7-8 – Page 3
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Article
Shoe Carnival tops profit expectations
Shoe Carnival's shares jumped by 10 percent after the U.S. shoe retailer reported earnings for its fiscal fourth quarter that exceeded analysts' expectations. The company's net income reached $1.4 million, compared with losses of $3.9 million for the year-ago period.Revenues went down by 3.5 percent to $234.7 million for the ...
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News briefs
Carl-August Seibel, joint chief executive of Josef Seibel Holding, will financially...
Carl-August Seibel, joint chief executive of Josef Seibel Holding, will financially support the production of one of the group's brands, Romika, in an area south of the Kenyan capital of Mombasa, together with two other entrepreneurs. The shoes will be worn with school uniforms in Kenya. The building for the production ...
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Article
Deichmann buys a U.S. sneaker chain
Deichmann has continued its expansion in the U.S. with the takeover of KicksUSA. Founded in 2002, the American retail chain, which specializes in sneakers, athletic shoes and clothing, operates 64 stores on the East Coast, primarily in Philadelphia, New York and New Jersey, as well as a web store.The shops ...
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Short stops
Topshop, the British fashion retail chain, is coming out with...
Topshop, the British fashion retail chain, is coming out with a line of vegan shoes for women
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News briefs
Deichmann has chosen the British pop singer Rita Ora to...
Deichmann has chosen the British pop singer Rita Ora to present its collection of shoes for the autumn/winter 2019/20 season. Deichmann's design team created the 35 pieces of the “Rita Ora for Deichmann” collection, which will be available in select stores and web shops and in some European countries from ...
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Article
Britain’s Schuh drags down Genesco
After posting its highest comparable sales increase in more than two years in the third quarter, Genesco once again reported strong comparable sales for the fourth quarter ended on Feb. 2, up by 4 percent, on the back of the ongoing strength of its U.S. footwear retail businesses. These figures ...
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Article
French luxury groups grow briskly, led by Kering
Kering continues to run at a fast pace, outperforming the two other major French luxury groups and leading observers to wonder how the company will use its huge cash pile for other acquisitions, most likely in the luxury goods sector after divesting Puma and all the other components of its ...
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Article
Retail sales lift Rocky Brands
After a strong first nine months in 2018, Rocky Brands is still reaping the benefits of implementing several cost-cutting measures and updating its manufacturing capabilities in 2017. The company's retail sales recorded a double-digit growth during the fourth quarter, while the wholesale business posted a solid gain. The gross margin ...
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News briefs
Luxury brands and some consumer brands have lowered their prices...
Luxury brands and some consumer brands have lowered their prices in China following a cut in the country's value-added tax (VAT), which came into effect on April 1. According to local media, and as reported by Reuters, suggested retail prices for Kering's Gucci and LVMH's Louis Vuitton products were cut ...
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News briefs
The Indonesian Footwear Industry Development Center (BPIPI) has established the...
The Indonesian Footwear Industry Development Center (BPIPI) has established the Indonesia Footwear Creative Competition (IFCC). The IFCC intends to promote footwear as a promising industry for young Indonesians casting about for a profession. It comprises three competitions. The footwear design competition is looking for innovative designs brought to life through ...
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Article
New CEO for CCC, whose growth is boosted by e-commerce
Darius Milek, the 41-year-old Polish entrepreneur who founded CCC Shoes & Bags in the 1990s after selling shoes in an open market, has chosen to pull back from the operational management of the stock-listed company to become chairman of its supervisory board. Milek, who has become one of the wealthiest ...
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Article
Bogs’ sales lift Weyco Group’s results
After posting lower sales in the third quarter, Bogs bounced back in the fourth quarter with sales jumping by 34 percent. The management said that some of this increase was driven by favorable weather, with early cold and snow this fall across a good part of the U.S. and Canada, ...
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Article
Vionic and Blowfish boost Caleres’ results
Caleres' sales for the fourth quarter ended on Feb. 2 were boosted by its two newest acquisitions, Vionic and Blowfish. The U.S. group's consolidated sales for the quarter increased by 2.5 percent to $720.3 million, with a decline at its Famous Footwear retail chain offset by higher revenues from its ...
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News briefs
Manolo Blahnik plans to set up its own sales organization...
Manolo Blahnik plans to set up its own sales organization for the U.S. and Canada starting next Jan. 1. The new plans follow the end of a longstanding relationship between the well-known shoe designer and George Malkemus, whose license for the territory will not be renewed. Malkemus has been representing ...
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Article
Big drop in the profitability of Tod’s
Tod's' full-year net profit slumped to €47.1 million in 2018 from €71.0 million a year earlier, while sales fell by 2.4 percent to €940.5 million, prompting the group to cut its dividend to €1.00 per share from €1.40.The Italian group posted Ebitda of €118.3 million for last year, down from ...
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Article
German shoe retailers hope for a better year
The first few months of 2019 were promising for German shoe retailers, with a combined sales increase of 16 percent in January and February alone, followed by a relatively good month of March. Last month, the retailers' sales were 9.8 percent higher than in March 2018, when they had shown ...
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Article
LK Bennett falls into Chinese hands
Once again, Chinese interests take possession of a coveted European brand name. Byland, the Chinese franchisee of LK Bennett, has taken over the brand and certain other U.K. and Irish assets of the well-known British footwear and clothing retailer, positioned in the upper-middle segment of the market. Byland said it ...
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News briefs
StockX, the U.S.-based sneaker resale platform, has begun to operate...
StockX, the U.S.-based sneaker resale platform, has begun to operate in Germany by taking part in conferences and other events. Its first European launch, in October of last year, was in the U.K., with Italy and France coming next. StockX' shoes, whose quality is certified in London, are already sold ...
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Article
Micam invites you to fall in love with beauty
“Fall in love with the Beauty ye who enter” is an extract from “Paradise,” the last section of the Divine Comedy, the long poem completed by Dante Alighieri in 1320. It is also the theme chosen for the advertising campaign due to be launched for the next edition of Micam ...
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News briefs
Bata Europe is planning to launch a new commercial format...
Bata Europe is planning to launch a new commercial format based on the notion of fast fashion. In an interview with MFfashion, Claudio Alessi, president of Bata Europe, said that the company will be launching new models of shoes for men and women every Friday, which will add to the ...
