Footwear News articles from February 1987

Footwear News archives from February 1987

Bill would freeze shoe imports at '86 levels.
February 23, 1987... Bill would freeze shoe imports at '86 levels WASHINGTON (FNS) -- Legislation clamping a permanent capt on nonrubber footwear imports at 1986 trade levels was introduced last week on Capitol Hill, with broad implications for the U.S. shoe...

Morse banker to talk with A.B. Edelman.
February 23, 1987... Morse banker to talk with A.B. Edelman CANTON, Mass. -- Morse Shoe's directors last week voted to allow their investment banker, Shearson Lehman Bros., New York, to meet with corporate raider Asher B. Edelman, who recently said he wants to...

Pacific Dunlop buys Coward group.
February 23, 1987... Pacific Dunlop buys Coward group NEW YORK -- Pacific Dunlop, Ltd., the Australian footwear conglomerate that owns both Penaljo Shoe Corp. and Revelations Shoe Corp., last week purchased the Coward Shoe Group retail/wholesale operation here, and...

Sardam Holdings ups stake in Pony to 80%.
February 23, 1987... Sardam Holdings ups stake in Pony to 80% PARIS (FNS) -- Sardam Holdings, the Dassler family's Swiss holding company, raised its direct stake in Pony Sports & Leisure, Inc., Rutherford, N.J., to 80 percent from55 percent and appointed executives...

Juvenile to start independent plant. (Juvenile Shoe Corp.)
February 23, 1987... Juvenile to start independent plant AURORA, Mo. -- The first of a group of independently owned women's specialty shoe stores to be opened under a program being developed by Juvenile Shoe Corp. will debut in mid-March. Juvenile also said...

Summary judgments sought in Fisher trial. (Fisher Camuto)
February 23, 1987... Summary judgements sought in Fisher trail PHILADELPHIA (FNS) -- Federal Judge Daniel H. Huyett, 3d, has taken under advisement pleas for summary judgments by both the plaintiffs and defendants in an antitrust suit filed by two footwear...

IFA meeting revolves around trade legislation. (International Footwear Association)
February 23, 1987... IFA meeting revolves around trade legislation NEW YORK -- Trade legislation dominated the discussion at the International Footwear Association (IFA) meeting held here at the Sheraton Centre Hotel. "The issue for 1987 is trade," said IFA's...

Brown Group retail sales continue up in 1st quarter.
February 23, 1987... Bear Stearns buys Cole-Haan YARMOUTH, Me. -- Cole-Haan has been purchased by Bear Stearns Acquisition 3, reportedly a company composed primarily of members of Cole-Haan management, and there are reports the company will soon make a public...

Domestic makers seek strength in weak dollar. (FN Special Report: U.S. and Them)
February 23, 1987... Dec. shoe store sales up 13.8% NEW YORK (FNS) -- Shoe store sales in December 1986, seasonally adjusted, totaled $1.02 billion, up 13.8 percent from a year ago and 4 percent higher than revised sales figure for November 1986, according to...

Smaller athletic firms pleased at Super show. (shoe industry trade show)
February 16, 1987... Smaller athletic firms pleased at Super Show ATLANTA -- Smaller athletic shoe companies -- now focusing on their own market niches and less concerned with Reebok's dominance -- were pleased to discover retailers came to Super Show with more...

Craddock adds Jacques Cohen. (Craddock-Terry Shoe Corp.)
February 16, 1987... Craddock adds Jacques Cohen NEW YORK -- Jacques Cohen, the Frenchman whose name is synonymous with espadrilles, last week disclosed he has licensed his name to Craddock-Terry Shoe Corp., which will add it to the firm's recently formed licensing...

'85 retailing figures on the drab side. (National Retail Merchants Association)
February 16, 1987... '85 retailing figures on the drab side NEW YORK -- Flat to modest sales gains and shrinking gross margins characterized the difficult retail environment for footwear in 1985, according to the latest figures supplied by the National Retail...

Fireman sees world growth for Reebok. (Paul Fireman, Reebok International Ltd.)
February 16, 1987... Fireman sees world growth for Reebok ATLANTA -- Having filled space in all but the nooks and crannies of the American athletic footwear market with the Reebok brand, paul Fireman said he plans to duplicate that success worldwide. Growth in...

Knight to bring Nike back to basics. (Philip H. Knight, Nike Inc.)
February 16, 1987... Knight to bring Nike 'back to basics' ATLANTA -- Not allowing Reebok all of the credit for a 22 percent first-half sales decline at Nike, Inc., Philip H. Knight also attributed part of the drop to Nike's failure to remain flexible over a decade...

Price, boots top topic list at a leaner NSF. (National Shoe Fair)
February 16, 1987... Prices, boots top topics at a leaner NSF NEW YORK -- Prices, boots, children's and domestic production were the hottest topics at last week's National Shoe Fair. A decidedly leaner NSF last week found men's and children's exhibitors upbeat...

Pricing, fashion direction hold sway at FFANY. (Fashion Footwear Association of New York)
February 16, 1987... Pricing, fashion direction hold sway at FFANY NEW YORK -- Although traffic was brisk on opening day, retailers said on a complex worldwide pricing situation and lack of fresh fashion direction was a challenge at last week's Fashion Footwear...

Pricing issues hover over all N.Y. show biz. (NSF and FFANY trade shows)
February 16, 1987... Pricing issues hover over all N.Y. show biz NEW YORK -- The pricing issue touched all aspects of business at the NSF and FFANY markets here last week -- from product sourcing to order writing to the ability of some independents to cope with...

Street claims Avia priced to 'look forward'. (Avia International Group Inc., includes other shoe securities) (column)
February 16, 1987... Street claims Avia priced to 'look forward' PORTLAND, Ore. -- Wall Street analysts last week characterized Avia's estimated initial public offering (IPO) price of $11-$14 as one that appears to be based on anticipated earnings growth this year....

Brown Group suing former ad executive. (Patricia R. Harbour)
February 9, 1987... Brown Group suing former ad executive Brown Group, Inc., is suing a former senior advertising executive for allegedly breaching the company's code of ethics by illegally accepting gifts from a nowbankrupt advertising agency. Patricia...

Harold Florsheim dies at 87; industry pioneer. (obituary)
February 9, 1987... Harold Florsheim dies at 87; industry pioneer Harold Florsheim, former chairman of Florsheim Shoe Co., and widely regarded as a pioneer in the footwear industry, died Friday, Jan. 30, in his Palm Springs, Calif., home at the age of 87. ...

FFACT chief sees shoes in quota bill despite balks. (Fiber, Fabric, and Apparel Coalition for Trade, John Gregg)
February 9, 1987... FFACT chief sees shoes in quota bill despite balks Plans to unveil legislation curbing imports of textiles and apparel have been delayed until next week amid reports that some groups are seeking to exclude footwear from the quota package,...

N.Y. show buyers facing price hikes.
February 9, 1987... N.Y. show buyers facing price hikes Retail enthusiasm about fall fashion direction was tempered last week by concern over price hikes, as buyers prepared to scour the New York shows for the best buys. Most retailers surveyed by FN said...

U.S. shoe bows with Calvin sport line.
February 9, 1987... U.S. Shoe bows with Calvin Sport line After a two-year delay, U.S. Shoe Corp. will introduce its third Calvin Klein women's footwear line Monday during the Fashion Footwear Association of New York (FFANY) show. Like the first two...

Burton hopes to conclude Debenhams sale in March.
February 9, 1987... Burton hopes to conclude Debenhams sale in March The Burton Group, PLC, last week said it hopes to conclude the sale of its Debenhams U.S.A. footwear operations by late March, but indicated for the first time it may retain the subsidiary if...

Domestic footwear output off 10.7% in December.
February 9, 1987... Domestic footwear output off 10.7% in December Domestic nonrubber footwear production dropped by 12.1 percent or 32,172,000 pairs in 1986, as imports grabbed 81 percent of the nonrubber footwear market, according to the Department of...

Fisher sees chinaware, belts in 9 West's future. (Fisher Camuto Corp. )
February 9, 1987... Fisher sees chinaware, belts in 9 West's future Fisher Camuto's licensing and franchising division plans to take 9 West into china--the kind one eats on, not the kind one goes to. And that's just the beginning of the plans licensing...

ANCI president ties rise of classics to dollar's fall. (Luigino Rossi )
February 2, 1987... ANCI president ties rise of classics to dollar's fall NEW YORK -- What do the dollar's plunge and the rise of classic shoe styles have in common? Perhaps more than first meets the eye, suggested Dr. Luigino Rossi, president of ANCI -- the...

Reebok profit nearly doubles in 4th quarter.
February 2, 1987... Reebok profit nearly doubles in 4th quarter CANTON, Mass. (FNS) -- Fourth-quarter earnings of Reebok International, Ltd., nearly doubled, racing 98 percent to $29,280,000 or 55 cents a share from $14,779,000 or 31 cents -- adjusted for a...

Importers optimistic despite price increases.
February 2, 1987... Importers optimistic despite price increases NEW YORK -- Despite the storm cloud of significant price increases hanging over some imported lines, resources preparing for next week's National Shoe Fair and FFANY fall '87 markets here voiced...

Brown acquires major stake in Pagoda. (Brown Group Inc., Pagoda Trading Co.)
February 2, 1987... Brown acquires majority stake in Pagoda ST. LOUIS -- In a move related to the increasing interest in footwear imports out of the Far East, Brown Group, Inc., has acquired a majority interest in Pagoda Trading Co., Maryland Heights, Mo. ...

Brazilians eye direct sales to U.S., Europe.
February 2, 1987... Brazilians eye direct sales to U.S., Europe SAO PAULO, Brazil -- a vigorous domestic business will not solve the problems facing the Brazilian shoe industry, and, partly in response, a determined core of exhibitors at the recent Couromoda show...

High-tech debuts to get spotlight at Super Show.
February 2, 1987... High-tech debuts to get spotlight at Super Show ATLANTA -- High-tech introductions in walking, basketball and fitness will take center stage at next week's Super Show, which will attract the major names in the athletic shoe industry. Most...

Reports indicate Avia to make 1st offer soon.
February 2, 1987... Reports indicate Avia to make 1st offer soon NEW YORK -- Speculation about Avia's long-awaited initial public offering (IPO) heted up last week, as pieces of the puzzle fit together to suggest an IPO is in sight, though a complete picture has...

Shoe imports post new highs during 1986.
February 2, 1987... Shoe imports post new highs during 1986 WASHINGTON (FNS) -- Nonrubber footwear imports soared to record levels last year as shipments climbed sharply above 1985 volume, the Reagan Administration reported Friday. Totaling 940,773,000 pairs,...