Footwear News articles from July 1987

Footwear News archives from July 1987

Bill Blass is a leg man.
July 27, 1987... Bill Blass is a leg man NEW YORK -- Rtw designer Bill Blass feels shoes are so critical to the overall fashion look he has returned to the footwear world with a Bill Blass shoe collection. "Right now they're especially significant," he...

Nippon line will debut at FFANY. (Albert Nippon Footwear, Fashion Footwear Association of New York)
July 27, 1987... Nipon line will debut at FFANY NEW YORK -- Albert Nipon footwear, a new line created with the participation of noted fashion designer Albert Nipon, will debut at the Fashion Footwear Association of New York (FFANY) show next week. Produced...

Showgoers optimistic as wardrobes change. (National Shoe Fair and Fashion Association of New York shows)
July 27, 1987... showgoers optimistic as wardrobes change NEW YORK -- Fresh styling, stabilized prices and the resurgence in domestic manufacturing will be on the minds of retailers at next week's National Shoe Fair and Fashion Footwear Association of New York...

Encarnacao may join Puma; Grothgar may go. (Steve Encarnacao, Vincenz Grothgar)
July 27, 1987... Encarnacao may join Puma; Grothgar may go FRAMINGHAM, Mass. -- Reports circulated last week that Steve Encarnacao, former vice president of marketing at Reebok International Ltd., Canton, would soon be named to head up all footwear operations...

Franchisees may sue New York City Shoes.
July 27, 1987... Franchisees may sue New York City Shoes PHILADELPHIA (FNS) -- Several perturbed holders of New York City Shoes Inc. retail franchises were looking into the possibility of bringing legal action against the financially troubled company last week...

Nike reports quarter earnings, sales tumble.
July 27, 1987... Nike Reports quarter earnings, sales tumble BEAVERTON, Ore. -- Nike Inc. reported a drop in sales and earnings for both the fourth quarter and fiscal year '87. Nike's earnings fell 16.3 percent in the quarter ended May 31, on a 3 percent...

2 ex-Geller execs form Jils to import from Italy. (Irv Silbergeld, Bob Lewis, Jils Inc., Andrew Geller)
July 27, 1987... 2 ex-Geller execs form Jils to import from Italy NEW YORK -- Irv Silbergeld and Bob Lewis, Andrew Geller's former executive vice president of marketing and sales, and line builder, respectively, have embarked on a new venture, Jils Inc.,...

25 major retail ceo's average 10% pay hikes.
July 27, 1987... 25 major retail ceo's average 10% pay hikes NEW YORK (FNS) -- While the chief executive officers of 25 major retailers last year received an average increase of 10 percent, profits were rising by 17.1 percent. Heading the list of ceo's in...

Hear Pentland to wed El Greco. (Pentland Industries PLC to acquire El Greco Inc.)
July 20, 1987... Hear Pentland to wed El Greco PORT WASHINGTON, N.Y. -- Chapter three of an on-again off-again courtship was written last week, as Pentland Industries PLC, London, reportedly was close to signing a letter of intent to acquire El Greco, Inc.,...

Model brings fairy-tale touch to shoes in U.S. (Philippe Model)
July 20, 1987... Model brings fairy-tale touch to shoes in U.S. PARIS (FNS) -- Philippe Model may not be a household name in the U.S. yet, but if his European success is any indication, he may soon be making a lot of American women feel like modern-day...

Shub dismissed by NYC Shoes. (Earl Shub)
July 20, 1987... Shub dismissed by NYC Shoes SPRINGFIELD, Pa. -- The board of New York City Shoes Inc. last week fired Earl Shub as chairman and assistant secretary. Alan Berger, who was serving as acting president, was elected chairman and president, and...

Brazilian economic crisis slashes men's shoe sales.
July 20, 1987... Brazilian economic crisis slashes men's shoe sales RIO DE JANIERA (FNS) -- Brazil's economic crisis has drastically reduced domestic sales of men's shoes and softened export trade, both of which threaten the fragile health of the men's...

May footwear imports hit 4-month low.
July 20, 1987... May footwear imports hit 4-month low point WASHINGTON(FNS) -- Footwear imports in May hit their lowest level in four months but were still nearly 5 percent above the levels of a year ago, the Commerce Department reported last week. ...

May shoe-store sales up 5.7%.
July 20, 1987... May shoe-store sales up 5.7% NEW YORK (FNS) -- Shoe-store sales in May, seasonally adjusted, totaled $1.3 billion, up 5.7 percent from a year ago but 0.2 percent below the revised sales figure for April, according to preliminary reports on...

Reebok qtr. net increases 30.1%.
July 20, 1987... Reebok qtr. net increases 30.1% AVON, Mass. (FNS) -- Reebok International Ltd. reported earnings increased 30.1 percent in the second quarter on a strong 66.4 percent gain in sales. Reebok's footwear division recorded a sales increase of 32...

Clergerie's premier store to bow in U.S. in August. (Robert Clergerie )
July 20, 1987... Clergerie's premier store to bow in U.S. in August NEW YORK -- Robert Clergerie, the French shoe designer, will open his first store in the U.S. here towards the end of August in a joint venture with his exclusive North American importer,...

NYC Shoes files Chap. 11, will continue operations.
July 13, 1987... NYC Shoes files Chap. 11, will continue operations PHILADELPHIA (FNS) -- Listing liabilities of $9 million, against assets of $4 million, New York City Shoes Inc., operator of a chain of wonen's discount fashion footwear stores, has filed a...

Foot Locker to open kids' retail chain.
July 13, 1987... Foot Locker to open kids' retail chain NEW YORK -- competition in the rapidly growing children's footwear market should heat up this fall when Kinney Shoe Corp.'s Foot Locker division opens a children's retail chain, expected to be called Kids'...

Pearlstein sentenced to eight years for theft. (Allan H. Pearlstein)
July 13, 1987... Pearlstein sentenced to eight years for theft WASHINGTON (FNS) -- A Maryland judge last week sentenced the former president of a Pennsylvania shoe company to eight years in prison for stealing $640,786 in unearned fees from a savings and loan...

Rob Strasser, Nike veteran, leaves company.
July 13, 1987... Rob Strasser, Nike veteran, leaves company BEAVERTON, Ore. -- Rob Strasser, a vice president at Nike Inc. and a maverick in the athletic footwear industry, suddenly resigned last week just three months after he had returned to the company after...

Reebok sting operation with FBI nets Cheskin. (Melvyn P. Cheskin)
July 13, 1987... Reebok sting operation with FBI nets Cheskin CANTON, Mass. -- An inside sting operation conducted by the FBI and security officials at Reebok International Ltd. led to the arrest of athletic footwear consultant Melvyn P. Cheskin for allegedly...

Senate seesaws on rider of Reagan quota authority.
July 13, 1987... Senate seesaws on rider of Reagan quota authority WASHINGTON (FNS) -- After apparently taking President Reagan to task early last week for not granting the domestic footwear industry import relief in 1985, the U.S. Senate then backed away from...

Brazil suspends export of wet blues till Aug. 15.
July 13, 1987... Brazil suspends export of wet blues till Aug. 15 RIO DE JANIERO (FNS) -- The Brazilian government last week temporarily suspended the export of wet blue hides, a move which has caused a rift between manufacturers and tanneries here. The...

U.S. Shoe strongly denies footwear units to be sold.
July 13, 1987... U.S. Shoe strongly denies footwear units to be sold CINCINNATI -- Philip G. Barach, chairman of U.S. Shoe Corp., took the occasion of the completion of the sale of the company's J. Riggings menswear retailing division last week to strongly...

Exports, imports hit qtr. records. (footwear)
July 6, 1987... Exports, imports hit qtr. records WASHINGTON (FNS) -- U.S. footwear manufacturers sold a record number of shoes abroad even while American consumers bought foreign footwear in record amounts during the first quarter of this year, according to...

Shoe stocks outpace Wall St.
July 6, 1987... Shoe stocks outpace Wall St. NEW YORK (FNS) -- Footwear stocks have easily outpaced the market so far this year as athletic issues continue to sizzle and several troubled companies have turned around. In the first half of 1987, the Footwear...

Census may drop survey of monthly shoe output.
July 6, 1987... Census may drop survey of monthly shoe output WASHINGTON (FNS) -- The Census Bureau is considering dropping its voluntary monthly survey of nonrubber footwear production because of the poor response rate from domestic manufacturers. The...

Golo assigns Caressa to fill current orders.
July 6, 1987... Golo assigns Caressa to fill current orders MIAMI -- Caressa Inc. and Golo Footwear Corp., New York, have struck a licensing agreement whereby Golo has assigned all its current orders to Caressa and Caressa will produce footwear under the Golo...

Portugal shoe industry takes steps to success.
July 6, 1987... Portugal shoe industry takes steps to success OPORTO, Portugal (FNS) -- Buoyed by its planned participation in next year's National Shoe Fair and increased exports to Europe and the U.S, Portugal's footwear industry is on the move. The...

Timberland goes public to pay debt and expand. (Timberland Co.)
July 6, 1987... Timberland goes public to pay debt and expand HAMPTON, N.H. -- In hopes of raising $40 million to pay off debt and grow its business, which reported 1986 sales and more than $84 million, the Timberland Co. made an initial public offering (IPO)...

WWW sells Kaepa, Kara to investor group. (Wolverine World Wide Inc.)
July 6, 1987... WWW sells Kaepa, Kara to investor group ROCKFORD, Mich. -- Wolverine World Wide Inc. completed the sale of two subsidiaries, Kaepa Inc., and Kaepa's international marketing arm, Kara International Inc., both of San Antonia, Tex., to an...

Public shoe firms rebound.
July 6, 1987... Public shoe firms rebound NEW YORK -- Operating results for publicly held footwear companies improved in 1986 from a dismal 1985 as firms struggled to adjust to the profound changes that have taken place in the industry in recent years. ...