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Reebok on expansion spree, to open 230 stores in FY’08

Posted by footwearglobal on July 1, 2008, Tuesday

Source: PTI/ Economic Times/ Business Standard

New Delhi June 30, 2008

Link   Economic Times; Business Standard

Global sports wear brand Reebok today said it is on a major expansion in India which would see the company open one store in almost every two days, taking the total number of stores to 850 by the end of 2008-09.

“The company, which currently has 620 stores across the country, is going for a substantial increase in its distribution, which will see its sales going up by 30 per cent per annum,” Reebok India Managing Director Suvhinder Singh said.

“Besides consolidating our existing position in metros and tier I cities, we are also going for a major expansion in tier-II and tier-III and lower-tier cities, he added.

However, he refused to divulge any investment details.

“It is not the company’s policy to reveal investment and sales figures,” he said on the sidelines of the Pure & Play Retail Summit here today.

The company has grown six-time in the last five years and controls 53 per cent of Indian footwear market, Singh said, adding that they would be also bringing in new products.

“We want to maintain the current position and bring new innovation and formats in various segments. We are bringing out 20 new footwear models every quarter, besides a new apparel in every 45 days,” he said.

Reebok is also planning to open specialised junior stores for its young customers. As many as seven such stores will come up in Hyderabad, Mumbai and Delhi among other cities.

The company would be aggressive on its marketing strategy as it plans to expand its business in the country.

“As part of our marketing strategy we have roped in Bollywood stars and cricketers as means of communication platform as Indian customers have a tendency to associate with them,” he said, adding that the company wants to utilise this for expanding into smaller cities.

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Koutons scouts for partners in Middle East to form JV

Posted by footwearglobal on June 30, 2008, Monday

Posted 30 Jun, 2008,

Source :

Article in ET on 29 Jun, 2008,

NEW DELHI: Apparel chain Koutons Retail is scouting for partners to form a joint venture as it looks to expand in the Middle East with about 25 outlets in the region by 2009.

The company has earmarked Rs 40 crore for rolling out the stores, the first of which would come in Dubai this year. Koutons Retail is also gearing up to diversify its business with plans to launch a range of footwear collections for men and kids by October this year, besides increasing number of outlets in the domestic market.

“We are in discussion with three companies in the Middle East for rolling out our stores there. We are looking forward to establish joint ventures in the region, where we will keep the majority stake,” Koutons Retail India Ltd Chairman DSP Kohli said.

The designing, branding and production would be done by Koutons, while the local partner would be responsible for supply chain management and logistics, he added.

Without divulging the possible partners’ name, Kohli said: “We are planning to set up about 25 outlets by the end of next year in the region and it can entail an investment up to Rs 40 crore. The first store will be opened in Dubai this year.”

The stores would target the requirements of Indians living in the Middle East countries, he said. Besides Dubai, the company is also looking at other cities with considerable Indian population, like Abu Dhabi, Sharjah and Doha. It would also expand its footprint to Qatar and Iran, Kohli said.

The company would enter the Chinese market by the end of this year, besides plans to enter in the European market, he added.

The Gurgaon-based firm has also planned to launch its footwear range for men and kids by October in the current year. “We will come out with our footwear range for men and kids by October this year as part of our strategy to offer complete range of wardrobe and accessories to the customers under one roof,” Kohli said.

The apparel manufacturing company would source footwears from China as well as from the domestic market, he added. The company is planning to increase the number of its retail outlets to 1,800 by the end of current fiscal from the present 1,280.

“Our growth this year will mainly be driven by our expansion in the ladies and kids wear segment under Le Femme and Junior brand names,” he added.

Out of the current 1,280 stores, over 691 stores are exclusive shops, while the balance are Charlie Outlaw stores. Koutons Retail is targeting an over 50 per cent jump in its revenue in the current fiscal to Rs 1,250 crore from Rs 793 crore in 2007-08.

When asked if the spiralling inflation and the surge in cotton prices would lead to any hike in the prices of its products, Kohli said, “Right now we have enough stock, but if the rising prices do not cool down by next year, we might think of raising the prices of our various products then.”

The company had raised about Rs 100 crore through initial public offering (IPO) last year.

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When the shoe fits the pocket

Posted by footwearglobal on June 29, 2008, Sunday

No woman who buys Jimmy Choo or Prada is buying comfort or taking care of the arches of her feet. Often, she is actually buying discomfort, given how high the heels can be. Admittedly, there are shoemakers-Manolo Blahnik and Christian Louboutin, for instance? Read

read more | digg story

When the shoe fits the pocket

Wear shoes that are even slightly tight, and you will be unable to stand. Try running in shoes that are not meant for that purpose, and your feet will hurt for weeks

Pursuits | Vir Sanghvi Posted: Fri, Jun 27 2008

After all my sneering about women and handbags in previous editions of this column, I now have to try and defend the male of the species. I’ve always found it extraordinary that women are prepared to pay as much for a handbag as the rest of us would pay for a small car. It isn’t that the bag itself is particularly expensive to make. Markups of 800% or more are routine. But clever marketers have persuaded women that an ‘it’ bag or a limited edition handbag are so desirable that the prices should bear no relation to the cost of manufacture.

For happy feet: Gucci shoes for men can cost as much as a Louis Vuitton purse. Photograph: Harikrishna Katragadda / Mint / Gucci Showroom, The Oberoi, New Delhi

Many women have pointed out to me that such sneers could easily be directed at men as well. Sure, we don’t use handbags. But we do wear shoes. And unscrupulous marketers are able to extract such high premiums from vain men that we seem almost as foolish as the women who pay thousands of dollars for bags.
I have usually retorted, in defence of men, that shoes are a complicated business. A handbag started out as a convenience but soon became an adornment. Shoes, on the other hand, are essentials. You can’t really leave the house barefoot. And because we wear shoes for most of the day, it is important that they fit perfectly. Wear shoes that are even slightly tight, and you will be unable to stand. Try running in shoes that are not meant for that purpose, and your feet will hurt for weeks.
So, I have argued, there is no parallel between bags and shoes. When a woman pays $5,000 (around Rs210,000) for a designer handbag, she is buying a status symbol. When a man splashes out on a $500 pair of shoes, he is buying a lifetime of comfort and investing in the future of his feet.
Well, yes and no.
Take the arguments that I offer on behalf of men and their shoes and turn them around to defend women and their Jimmy Choos. Suddenly, you begin to realize quite how hollow they are. No woman who buys Jimmy Choo or Prada is buying comfort or taking care of the arches of her feet. Often, she is actually buying discomfort, given how high the heels can be. Admittedly, there are shoemakers — Manolo Blahnik and Christian Louboutin, for instance — who do pay attention to the balance of a ballet pump and ensure that their shoes remain light on the feet. But rarely do women buy their shoes for comfort alone. Even with Blahnik and Louboutin fans, the primary motivation is fashion and, perhaps, snob value.
Sadly, the same is true of men. I am as willing as the next guy to admire a nice pair of Gucci loafers or to marvel at Prada’s ability to set fashion trends in footwear. But even I do not believe that somebody who shells out hundreds of dollars for Prada or Gucci is terribly concerned about comfort. We buy the shoes because they look nice.
And when we have to explain to ourselves how we can justify buying shoes that are three or four times more expensive than ordinary high-street brands, we swallow deeply and argue that, of course, for Prada, Gucci and the like, one has to pay a little bit more.
So, are we so very different from the women who crowd the Louis Vuitton boutiques looking for the latest limited edition bags of each season?
Regrettably: No, we’re not.
Are we being duped? Should we refuse to buy into the great fashion footwear scam?
Well, that’s an individual decision. And I don’t think that any absolute rules apply. Nobody is going to rot in hell for eternity because they bought a pair of Prada shoes on impulse. We’re all entitled to our luxuries.
Speaking for myself, however, I find that I spend less and less money on shoes these days. This is not because shoes are unimportant. Quite the opposite in fact. It’s because they are too important a matter to be left to fashion.
A few years ago, I worked out that when it came to shoes, only three things mattered: the quality (leather and workmanship), the fit and the look. I found that with designer shoes, the look was always right but neither the quality nor the fit were necessarily what I was looking for. Often, the trendy brands would sacrifice a comfortable fit in the pursuit of a fashionable look. The leather was never bad. But rarely was it particularly special. And as for the workmanship, shorn of the marketing hype, designer shoes were essentially industrial goods, manufactured in huge factories in vast numbers.
So, I decided to work backwards. If I was looking for quality workmanship, where should I go? The obvious answer was to avoid the global labels with their mass production. I found a small Thai label called Ragazze which made fashionable shoes of high quality and still managed to sell them at one-fourth the price of the high-fashion labels.
Then, couple of years ago, I thought more about it. If the Thais could do it, then surely Indians could do it as well. Why didn’t I find somebody who would make my shoes for me by hand?
Fortunately, I rediscovered Joy, a label I remembered from my Bombay days. I’ve known Munna Jhaveri, its owner, for decades. Somehow, it never occurred to me to get him to make my shoes. But once I made that jump, it seemed entirely logical to put my feet in his hands.
So now, Munna makes all my shoes and sandals. They are made to my exact size (my feet are broader than average), I choose the leather, Munna and I work out the styles together, and Joy’s workmen produce world-class shoes in a fortnight to three weeks.
The best part? I wish I could say it came from the pleasure of encouraging traditional craftsmanship or of wearing shoes that fit as only custom-made footwear can.
Actually, the best part is the price. At a time when all the foreign labels are setting up shop in Mumbai and selling very ordinary, industrially manufactured shoes at upwards of Rs20,000 a pair, Munna makes me bespoke shoes at a fourth of their price.
That is one of the pleasures of living in India. You get world-class quality, without the hype and handmade to your requirements — at a very Indian price.
Write to Vir at pursuits@livemint.com

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Footwear chain ties up with Europe brand

Posted by footwearglobal on June 29, 2008, Sunday

In Published: Saturday, 28 June, 2008

SHOE Mart, a leading chain of footwear stores from the Landmark Gulf Group, has announced a joint venture with Kurt Geiger, Europe’s largest luxury shoe specialist.

read complete story

Published: Saturday, 28 June, 2008, 01:00 AM Doha Time

SHOE Mart, a leading chain of footwear stores from the Landmark Gulf Group, has announced a joint venture with Kurt Geiger, Europe’s largest luxury shoe specialist.
The deal is expected to open 30 Kurt Geiger stores across the Gulf region within the next five years, with the first store in Qatar already open in Landmark Mall.
Shoe Mart’s alliance with Kurt Geiger will add a new dimension to its current portfolio by bringing the latest designer shoes to the region. This is the first time Kurt Geiger has ventured into franchising.
The Kurt Geiger stores will offer a range of own label collections for men and women reflecting the design and identity of Kurt Geiger’s UK freestanding stores.
“From our perspective, Kurt Geiger’s entry in the Middle East represents a significant shift in the region’s market dynamics as customers of luxury shoes now have the option of choosing one of their favourites,” Shoe Mart CEO Manu Jeswani said.
Kurt Geiger’s director of change, Andrew Lee, stated that the company sees the Gulf Region as a natural progression in the international growth of its business.

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Payless Shoesource Parent Settles Trademark Lawsuit

Posted by footwearglobal on June 29, 2008, Sunday

Source: 

Published: June 28, 2008

Collective Brands, which operates the Payless ShoeSource and Stride-Rite shoe store chains, has agreed to pay a footwear rival, K-Swiss, $30 million to settle litigation claiming trademark infringement.

clix for Complete Story

Collective Brands agrees to settlement

K-Swiss to receive $30 million over trademark claims

Printed in The Capital-Journal By Michael Hooper
Published Saturday, June 28, 2008

Collective Brands, Inc., owner of Payless ShoeSource and Stride Rite, has agreed to pay $30 million to K-Swiss to resolve claims K-Swiss had against Payless regarding trademark issues, Collective Brands announced Friday.

Under the parties’ settlement agreement neither company admits liability to the other, however, Payless has agreed to pay K-Swiss $30 million on account of K-Swiss’ claims for compensatory damages.

Collective Brands anticipates that some portion of the $30 million settlement payment will be covered by insurance, but the precise amount isn’t determinable at this time.

K-Swiss has given Payless and its affiliates a full release of all known or unknown claims with respect to any shoe advertised, marketed, or sold by Payless or its affiliates up to June 24, including claims that were or could have been brought in the pending action. As a result of this settlement, Collective Brands will record a charge in the quarter ending Aug. 2 in the amount of $30 million not including consideration of any related insurance recovery or additional legal and other expenses.

Under the settlement agreement, Payless has agreed to refrain from making, advertising, promoting or selling footwear confusingly similar to that sold by K-Swiss, including footwear that bears K-Swiss’ trademark or trade dress. K-Swiss, a shoe retailer based in Westlake Village, Calif., uses a five-stripe logo on its athletic footwear. The company’s Web site says it has been making leather tennis shoes since 1966.

Under the settlement agreement, Payless will have until Dec. 31 to sell any existing inventory of shoes whose sale would be precluded under the terms of the settlement agreement.

The announcement follows a May 5 jury verdict of $304 million against Payless for trademark infringement of Adidas’ three-stripe logo. Collective Brands is fighting the judgment, but earlier this month set aside $30 million for the lawsuit.

Michael Hooper can be reached at michael.hooper@cjonline.com

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Ecco earns top of Golf Fitness Magazine ‘08 Footwear rankings

Posted by footwearglobal on June 29, 2008, Sunday

Source: WorldGolf.com

Ecco earns top of Golf Fitness Magazine ‘08 Footwear rankings

LONDONDERRY, N.H. — Renowned Danish shoemaker ECCO announces its World Class City GTX and ACE Hydromax golf shoes topped the Golf Fitness Magazine 2008 Footwear Rankings in the “Men’s Classic” and “Ladies Hybrid” categories.

Appearing in the May/June 2008 edition of Golf Fitness Magazine, the inaugural shoe rankings evaluated leading footwear brands on a series of criteria, including fit, performance, styling/design, cool factor, cross-over appeal, value and overall performance. The World Class City GTX and ACE Hydromax each received a score of 96/100.

Full Article: Article |

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Hodnett Cooper Real Estate, Inc. Welcomes Famous Footwear to Brunswick, Georgia

Posted by footwearglobal on June 26, 2008, Thursday

News: http://www.prweb.com/releases/2008/6/prweb1050854.htm

The commercial division of Hodnett Cooper Real Estate, Inc. has recently assembled a long-term lease for Famous Footwear at Glynn Isles Market in Brunswick, Georgia.

June 25, 2008 — The commercial division of Hodnett Cooper Real Estate, Inc. has recently assembled a long-term lease for Famous Footwear at Glynn Isles Market, Brunswick, Georgia on behalf of the landlords, Bill and Sandra Brunson.

In addition to owning the space now occupied by Famous Footwear, the Brunson family also owns H&H Lifestyles. The balance of the retail space at Glynn Isles Market is owned by Centennial American Properties of Columbia, South Carolina.

Famous Footwear, the largest brand-name, value-priced family shoe store chain in the U.S., is operated by Brown Shoe Company, Inc., a leading consumer-driven footwear company and wholesale supplier of women’s fashion shoes under the brand names Naturalizer, Via Spiga, Fanco Sarto, and LifeStride. For more information on Famous Footwear or Brown Shoe, please visit http://www.brownshoe.com.

The commercial division of Hodnett Cooper Real Estate, a professional property management, leasing, and sales firm, consists of Sean Kasper, Associate Managing Broker, Kirk Watson and Alan Anderson. For more information on commercial real estate opportunities in the Golden Isles, please contact Hodnett Cooper at 888-638-4750 or visit them online at http://www.hodnettcooper.com.

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The Walking Company Opens Flagship Comfort Footwear Locations in Los Angeles, Las Vegas and New Jersey

Posted by footwearglobal on June 26, 2008, Thursday

June 24, 2008 8:00 AM ET

The Walking Company (NASDAQ: WALK), the world’s largest specialty retailer of comfort footwear, today announced the opening of three flagship locations; a brand new location in the heart of Los Angeles’ upscale Century City district and newly designed flagships at The Forum Shops at Caesars in Las Vegas and The Mall at Short Hills in New Jersey. The new flagship locations bring The Walking Company’s total count to an impressive 200 stores.

“These flagship locations feature design, inventory and technology innovations that make them the benchmark for the footwear industry and provide shoppers with the ultimate customer experience,” said Lee Cox, senior vice president of retail at The Walking Company. “We continue to receive extremely positive feedback from customers in these premium locations and plan to continue opening flagships in strategic locations across the country.”

The Walking Company’s new flagship locations feature innovative store design elements and offer the largest comfort footwear selection in the world, including exclusive product lines and styles from brands like ECCO, Dansko, Mephisto, UGG, Pikolinos, MBT and other premium comfort brands from around the world. Each location will have access to over one million pairs of premium comfort shoes via the in-store internet kiosk.

In addition to the new flagship stores, The Walking Company also continues to open standard format locations in premium malls across the country including 11 new stores in the second quarter of 2008. This continued growth extends the chain’s retail presence to over 200 top performing locations throughout the nation further strengthening the company’s position as the world’s largest specialty retailer of comfort footwear. The Walking Company has plans for additional store openings this summer following the aggressive expansion plan that has helped the chain more than double its store count in the past three years.

All of the footwear sold at The Walking Company comes with the company’s promise of authentic comfort, which guarantees every product is made with the highest quality materials and unsurpassed craftsmanship to provide optimal comfort.

About The Walking Company

The Walking Company is the world’s largest specialty retailer of high quality comfort shoes and accessories and is dedicated to bringing customers the best brands from around the world, featuring premium brands such as ECCO, Mephisto, Dansko, and UGG among many others. The Walking Company, a wholly owned subsidiary of The Walking Company Holdings, Inc. (NASDAQ: WALK), sells its products through 200 stores in premium malls across the country as well as The Walking Company catalog and Web site. More information is available at www.thewalkingcompany.com.

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Hodnett Cooper Real Estate, Inc. Welcomes Famous Footwear to Brunswick, Georgia

Posted by footwearglobal on June 26, 2008, Thursday

Hodnett Cooper Real Estate, Inc. Welcomes Famous Footwear to Brunswick, Georgia

The commercial division of Hodnett Cooper Real Estate, Inc. has recently assembled a long-term lease for Famous Footwear at Glynn Isles Market in Brunswick, Georgia.

(PRWEB) June 25, 2008 — The commercial division of Hodnett Cooper Real Estate, Inc. has recently assembled a long-term lease for Famous Footwear at Glynn Isles Market, Brunswick, Georgia on behalf of the landlords, Bill and Sandra Brunson.

In addition to owning the space now occupied by Famous Footwear, the Brunson family also owns H&H Lifestyles. The balance of the retail space at Glynn Isles Market is owned by Centennial American Properties of Columbia, South Carolina.

Famous Footwear, the largest brand-name, value-priced family shoe store chain in the U.S., is operated by Brown Shoe Company, Inc., a leading consumer-driven footwear company and wholesale supplier of women’s fashion shoes under the brand names Naturalizer, Via Spiga, Fanco Sarto, and LifeStride. For more information on Famous Footwear or Brown Shoe, please visit http://www.brownshoe.com.

The commercial division of Hodnett Cooper Real Estate, a professional property management, leasing, and sales firm, consists of Sean Kasper, Associate Managing Broker, Kirk Watson and Alan Anderson. For more information on commercial real estate opportunities in the Golden Isles, please contact Hodnett Cooper at 888-638-4750 or visit them online at http://www.hodnettcooper.com.

ARTICLE DOWNLOAD if-the-shoe-fits-you-r-lucky

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Tommy Hilfiger posts record results

Posted by footwearglobal on June 24, 2008, Tuesday

SOURCE: RETAIL WEEK 23 June 2008 09:40

Fashion retailer and lifestyle brand Tommy Hilfiger has announced record results for the year to March 31.

Group sales increased 14.4 per cent to €1.34 billion (£1.06 billion) and EBITDA soared 23.9 per cent to €268 million (£211.6 million).

Sales growth was driven by Tommy Hilfiger’s European division, where sales rocketed 22.8 per cent to €707 million (£558.2 million).

Both Tommy Hilfiger’s wholesale and retail business in the region recorded “strong double-digit growth”. Retail sales were up 26.4 per cent and like-for-likes climbed 3.8 per cent.

Sales in North America, where Tommy Hilfiger has been repositioning the brand and reversing decline, were up 2.5 per cent to US$836 million (£425.2 million). Like-for-like retail sales were up 6.7 per cent for the year. Wholesale sales fell 11.4 per cent

Revenues at Tommy Hilfiger decreased 2.1 per cent in Canada and double-digit growth was recorded in the rest of the world, with strong performances from Japan, Korea and Latin and South America.

Tommy Hilfiger – which opened 140 standalone stores during the period, taking its global store numbers to 796 – will begin its partnership with US department store Macy’s in the autumn.

During the period, it acquired former licensees Tommy Hilfiger Japan and Tommy Hilfiger Europe Footwear. The retailer has also signed a lease for a global flagship store on Fifth Avenue in New York.

Chief executive Fred Gehring said: “Not only does our global forward order book show a double-digit increase for the fall of 2008, our US business at our retail stores and at Macy’s has performed exceptionally well throughout the year and in the currently challenging economic environment.

“The group is now perfectly aligned globally and is strongly positioned for continued global expansion.”

http://www.retail-week.com/NonChannelContent/2008/06/tommy_hilfiger_announces_record_results.html

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