Rieker
Looking for the future
25.05.2012 2062

Looking for the future

US networks invest in development strategies

The largest American shoe companies have summed up the first quarter of 2012. Brown Shoe Co. net profit decreased by 54% due to the restructuring of the company. Wall Street analysts expect warm weather to help sales.

For three months, Brown Shoe earned $ 1,7 million ($ 3,7 million last year over the same period). The company closed one of the factories in China, the logistics center in Missouri, numerous stores (in total, the company 1300 stores Famous Footwear in America, Canada and Asia). The savings were used to purchase American Sporting Goods Corp., a sports shoe manufacturer. for $ 145 million (recall, the deal took place in February 2012 of the year). Turnover increased from $ 619,6 million to $ 626,4 million. In general, by 2013, the company plans to increase turnover to $ 2,59 billion.

Collective Brands Inc., the owner of Payless ShoeSource and Stride Rite chains, said in the first quarter profit and turnover were up. The company changed merchandising in PayLess stores and increased the number of base models in its collection destined for the United States.

The company has invested $ 6,4 million in monitoring and researching "strategic alternatives." Another $ 2,7 million was spent on store closings. Now the company has 4 stores, 476 less than a year earlier. 65 stores operate on a franchise basis. The company's net profit in the first quarter of 185 amounted to $ 2012 million (last year for the same period the company earned $ 33,4 million). The turnover increased from $ 26,4 million to $ 869 million. According to the materials of the website analpa.ru.

American networks invest in search of development strategies The largest American shoe companies have summed up the results of the first quarter of 2012. Brown Shoe Co. net profit decreased by ...
5
1
Rating

Latest News

Gigi Hadid Appears in Boss Campaign

American supermodel Gigi Hadid presented a new collection of the German fashion brand Boss. In the campaign photo, Hadid is dressed in a black loose-fitting pantsuit, on the model's feet are black sandals from the brand's new women's spring collection ...
27.01.2023 143

Ermenegildo Zegna Group reports 2022% revenue growth in 15,5

Italian group Ermenegildo Zegna ended 2022 with a 15,5% increase in revenue, although business results were impacted by anti-covid restrictions in the Bolshoi…
26.01.2023 313

In the new Coccinelle advertising campaign - Italy, femininity and the scent of the night

The new advertising campaign of the Italian brand of bags and accessories Coccinelle, #ALLABOUTUS is the third joint project of photographer Giampaolo Sgura and one of the most influential people in the fashion world, a freelance editor and creative director…
26.01.2023 357

Kotofey is going to open about 40 new stores in 2023

The brand of children's shoes and clothes "Kotofey" continues the active development of its retail network and enters foreign markets. In 2022, 24 new stores opened under the Kotofey brand, including the first outlets in Belarus. In 2023…
25.01.2023 315

In 2022, 13 new brands appeared on the St. Petersburg market

The activity of retailers in terms of launching new stores in St. Petersburg last year remained at the level of 2021. According to the estimates of the consulting company Nikoliers, about 150 stores have opened in the city's shopping centers, and almost ...
24.01.2023 459
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning