All Shoe Intelligence articles in Volume 21, Issue 9-10
View all stories from this issue.
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Article
Russia is not ready for shoe tags
Russian footwear manufacturers and retailers are asking the federal government to postpone the introduction of compulsory tagging of all shoes on the domestic market with RFID chips. The new regulations, which are slated to come into force on July 1, were partly meant to crack down on sales of fake ...
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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
Lower sales and profits
Clarks' annual report shows that the past financial year, ended on Feb. 2, was particularly tough for a number of reasons including the negative currency effects of Brexit and declining customer traffic in the U.K. and the U.S., where pure digital retail players are taking market share away from traditional ...
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News briefs
Vionic has made Jerry Williamson its senior vice president of...
Vionic has made Jerry Williamson its senior vice president of global sales, in charge of the company's domestic, international, home shopping and medical teams. The American footwear brand, which was recently taken over by Caleres, has also made Angela Caltagirone its senior vice president of digital and brand marketing, in ...
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Article
Wolverine sets up an Italian subsidiary
Wolverine Worldwide is doubling up on its efforts to revitalize Saucony. After its agreement with Xtep International for the distribution of Saucony as well as Merrell in China, the group has taken over the distribution of Saucony in Italy from its Italian distributor, Sportlab.It has set up a new Italian ...
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Article
New strategic investor for Netshoes
The big Brazilian e-tailer specializing in sports shoes and apparel has been losing money since it went public on the New York Stock Exchange two years ago at a price of $18 per share, consistently failing to meet its guidance. Netshoes' founder and chief executive, Marco Kumruian, and other major ...
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Article
New sanctions on Ukraine will not impact Russian shoe imports
The Russian government has introduced a set of new economic sanctions against Ukraine, one of which bans all shoe imports from the country. Speaking about the new trade restrictions, the Russian Economy Development Minister, Maxim Oreshkin, said that the government picked goods for which import replacement seemed to be possible.In ...
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News briefs
At his recent meeting in Paris, Modeurop honored MD Sadiq...
At his recent meeting in Paris, Modeurop honored MD Sadiq of India's Central Leather Research Institute for 25 years of steady collaboration in its color meetings, giving the 54-year-old manager a special cup. As at its previous sessions, Sadiq supplied more than 500 samples of leather in different colors from ...
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Article
Spain’s Munich grows strongly
Munich, the Spanish brand of athletic and sports lifestyle shoes – now in its 80th year – closed out 2018 with revenues of €40.5 million, up by 16 percent from the previous year. Revenues were particularly strong in the second half of the year. In addition, a 23 percent increase ...
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News briefs
Görtz has launched a new service to help parents to...
Görtz has launched a new service to help parents to buy the right shoes for their children. The Hamburg-based shoe retailing firm sends one of its employees, Nicole Anton, to the home of the customer to show a selection of shoes and give advice, free of charge, after the parents ...
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News briefs
Gore-Tex recently opened a pop-up store at a German shoe...
Gore-Tex recently opened a pop-up store at a German shoe retail store called Schuh Reindl. The pop-up store, covering 40 square meters, is located in Rosenheim. It's the company's first pop-up store in Germany. There, consumers can test sneakers, casual shoes, trekking shoes and running shoes made with Gore-Tex fabrics. ...
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News briefs
Sabu, the German voluntary group of independent shoe retailers, and...
Sabu, the German voluntary group of independent shoe retailers, and Ecco have invited affiliated retailers to a symposium that will take place in Tønder, Denmark, from June 30 to July 2. The symposium will be staged under the slogan “developing knowledge together and finding ways to emotionally stage this knowledge,” ...
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Article
Geox’ overall sales slip, and may remain weak at wholesale
Geox posted first-quarter sales of €260.9 million, down by a reported 1.3 percent and by 1.6 percent at constant exchange rates, but they beat market expectations by over €2 million. It described the quarterly results as “good” but warned that reaching analysts' forecasts of Ebitda of €54 million on annual ...
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News briefs
Kurt Geiger is planning to open its first store in...
Kurt Geiger is planning to open its first store in India this autumn through a partnership with Genesis Luxury. Under the terms of the agreement, Genesis Luxury has acquired the exclusive distribution rights to Kurt Geiger in the country. Genesis Luxury, a division of Reliance Brands, already brings to India ...
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Article
Italy’s shoe exports rise only in value
The average price of Italian shoes continued to increase in 2018 by around 8 percent, and this allowed the Italian industry to record a 3.6 percent increase in its exports of shoes and components to €9.85 billion, despite a drop of 3.5 percent in volume, based on regional statistics compiled ...
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News briefs
Expo Riva Schuh and Gardabags, the new trade show of...
Expo Riva Schuh and Gardabags, the new trade show of handbags and other accessories, will take place in the same fairgrounds on June 15-18. The move follows the acquisition of new premises that allow the addition of a new Pavilion D in the main exhibition center. The hall will host ...
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News briefs
Ifema has rescheduled its Spanish fashion exhibition in Madrid, Momad,...
Ifema has rescheduled its Spanish fashion exhibition in Madrid, Momad, for Sept. 12-14, making it coincide with the Intergift, Bisutex and MadridJoya trade shows. Ifema believes that merging the fairs will bring positive synergies and increase business opportunities for the exhibitors. Ifema decided to change the dates of Momad after ...
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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 have already approved the investment from Kienast and the broader insolvency plan. Both firms expect that the district court of Münster ...
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Article
Duuo goes vegan
Placing its bet on sustainable fashion and the circular economy, the shoe brand Duuo – based like Munich in Barcelona – has released Fenix, a model that is entirely free of leather. In fact, according to the company, it is free of animal products altogether and is produced in factories ...
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News briefs
The next edition of Gallery Düsseldorf, the German fashion fair...
The next edition of Gallery Düsseldorf, the German fashion fair scheduled for July 20-22, will see a 35 percent expansion in the exhibition space reserved for shoe and accessories as compared to its winter edition, which took place in January. Like the Gallery Shoes trade show, which takes place a ...
