Rieker
Looking for the future
25.05.2012 2149

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

In Pushkin, they are preparing to hold an art project with a defile of fashion designers "Association-2023"

On June 25 in Pushkin, the Tsarskoye Selo Museum-Reserve will host the main fashion event of the St. Petersburg summer - the art project "Associations-2023". Theatrical fashion shows of the leading fashion designers of St. Petersburg will be presented in a unique…
08.06.2023 106

MM6 Maison Margiela and Salomon release new collaboration

After collaborating with Salomon for Fall/Winter 2022, Belgian-based MM6 Maison Margiela once again turns to French sportswear manufacturer Salomon to create the first-ever XT-4 Mules running shoe.
07.06.2023 309

Authentic Brands Group bought Hunter Boots

The American Authentic Brands Group (ABG) continues to expand its own brand portfolio, it announced the completion of the acquisition of the British footwear brand Hunter Boots.
07.06.2023 251

Portugal exported 20 million pairs of shoes in the first quarter of 2023

The Portuguese footwear sector proved its resilience in a more challenging political and economic environment, exporting 20 million pairs worth €526 million in the first quarter of 2023, down 4,4% in volume but up 6,8% in…
06.06.2023 329

Wildberries began construction of a large logistics center in the Vladimir region

On June 5, the laying of the first stone of the new Wildberries warehouse complex in the Vladimir Region took place, in the presence of the regional governor Alexander Avdeev and the CEO and founder of Wildberries Tatiana ...
06.06.2023 257
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning