Footwear News articles from June 1987

Footwear News archives from June 1987

Audit concern blows whistle on retail exec. (Terry S. Rakoff)
June 29, 1987... Audit concern blows whistle on retail exec WASHINGTON (FNS) -- The president of New York City Shoes Inc., Terry S. Rakoff, resigned from the retail company in May following disclosure that he falsified sales documents late last year in an...

Athletic concerns get lion's share of volume. (shoes)
June 29, 1987... Athletic concerns get lion's share of volume NEW YORK -- Athletic shoe companies accounted for 75 percent of the sales increase recorded in 1986 by the publicly held footwear companies profiled by Kurt Salmon Associates (KSA), and all of the...

Kiener replaces Tannen as Adidas USA president. (Joachim Kiener, Steve Tannen)
June 29, 1987... Kiener replaces Tannen as ADIDAS USA president NEW YORK (FNS) -- Joachim Kiener has been named president and chief executive officer of Adidas USA Inc., Warren, N.J., replacing Steven Tannen, whose sudden resignation was disclosed at the...

Taiwan to start curbing footwear exports July 1.
June 29, 1987... Taiwan to start curbing footwear exports July 1 TAIEPI (FNS) -- On July 1, Taiwan's footwear industry will begin implementing global self-restraints on footwear exports. Through the restraints, the Taiwanese Footwear Manufacturers'...

Florsheim expanding its electronic retailing.
June 29, 1987... Florsheim expanding its electronic retailing ST. LOUIS -- Florsheim Shoe Co.'s electronic retailing program is proving successful and is undergoing substantial expansion, officials of Interco Inc. said at the company's annual meeting last...

Korea shoe production not affected by turmoil.
June 29, 1987... Korea shoe production not affected by turmoil HONG KONG (FNS) -- Two weeks of political turmoil and riots in South Korea has not disrupted local footwear manufacturing or delivery schedules, traders said. Sources reported last week the...

Launzel named NSF president. (Edward Launzel, National Shoe Fair)
June 29, 1987... Launzel named NSF president NEW YORK -- The executive administrative comittee of National Shoe Fair (NSF) has appointed Edward Launzel president and chief operating officer of NSF. Launzel's previous title was executive director of NSF. ...

Hyde to revamp PF Flyers for all ages.
June 29, 1987... Hyde to revamp PF Flyers for all ages PEABODY, Mass. -- Hyde Athletic Industries Inc. president and chief operating officer John H. Fisher disclosed plans at the firm's annual meeting last week to diverge from the company's performance brands...

Counterfeiting ring uncovered. (counterfeit shoes)
June 22, 1987... Counterfeiting ring uncovered WASHINGTON (FNS) -- Customs officers investigating suspected footwear duty evasions in Tennessee have stumbled onto what they believe is a huge shoe counterfeiting fraud involving several importers across the...

Wylycollection buys Delman from Burton.
June 22, 1987... Wylycollection buys Delman from Burton NEW YORK -- Wylycollection Inc., a retail holding company, has acquired Delman/I. Miller from Burton Group PLC for an undisclosed sum. Edward Rayne will remain chairman of Delman/I. Miller. Lawrence...

2 top chains plan upscale athletic units. (Kinney, Thom McAn)
June 22, 1987... 2 top chains plan upscale athletic units NEW YORK -- Two of the footwear industry's largest retailers -- Kinney and Thom McAn -- are planning to roll out new athletic retail chains, both aimed at upscale athletic consumers. Athletic shoe...

Genesco reaffirms goal of showing profit for '87.
June 22, 1987... Genesco reaffirms goal of showing profit for '87 NASHVILLE -- With the restructuring begun last year substantially completed, Genesco Inc.'s plan for this year is to get "back into the black," William S. Wire 2nd, chairman, told shareholders...

Nouveau golfers bring athletics taste to links.
June 22, 1987... Nouveau golfers bring athletics taste to links NEW YORK -- Wingtips with spikes are about as exclusive to the sport of golf these days as the good old boys who wear them. Like everything else that is current, credit often goes to baby...

Woolworth to build up its footwear divisions.
June 22, 1987... Woolworth to build up its footwear divisions PRINCETON, N.J. (FNS) -- F.W. Woolworth Co. will aggressively expand its footwear divisions this year as the company continues its transition from a general merchandiser to a specialty retailer. ...

1st. qtr. imports post record drop. (shoes)
June 22, 1987... 1st qtr. imports post record drop WASHINGTON (FNS) -- Although imports of nonrubber footwear rose 11.6 percent in April, offsetting most of March's 12 percent decrease, the first quarter registered a record drop in imports, the Commerce...

Baker eyes acquisition of free standing stores. (Sherman Baker)
June 22, 1987... Baker eyes acquisition of freestanding stores BOSTON -- Sherman Baker, chairman and chief executive officer of J. Baker, told shareholders at the company's annual meeting last week that the shoe retailer is "seriously looking at freestanding...