Footwear News articles from May 1987

Footwear News archives from May 1987

Genesco expects to log a profit in fiscal '88.
May 18, 1987... Genesco expects to log a profit in fiscal '88 NASHVILLE (FNS) -- Nearly a year after Genesco Inc. disclosed plans for a major corporate restructuring, chairman and chief executive officer William S. Wire 2nd told financial analysts the company...

Hear reports of interest in Puma AG. (possible takeover)
May 18, 1987... Hear reports of interest in Puma AG NEW YORK -- Herbie A. Kunz, executive vice president and chief operating officer of Puma USA Inc., Framingham, Mass., said last week that persistent industry reports that its West German parent would be sold...

Imports qtr. drop largest in 9 years.
May 18, 1987... Imports qtr. drop largest in 9 years WASHINGTON (FNS) -- IMPORTS of nonrubber footwear wear registered the largest drop in nine years in the first quarter of 1987, but domestic manufacturers said the fall was temporary and should not divert...

Freeman buys U.S. Shoe div.
May 18, 1987... Freeman buys U.S. Shoe div. CINCINNATI -- The sale of the men's division of U.S. Shoe, Beloit, Wis., to the newly formed Freeman Shoe Co. was concluded last Thursday, after nearly five months of negotiations. The price for the Beloit...

Hear Chesebrough picks Bass' 'serious contenders.'
May 18, 1987... Hear Chesebrough picks Bass' 'serious contenders' NEW YORK -- Chesebrough-Pond's has entered phase two of its effort to sell G.H. Bass & Co., Falmouth, Me., whittling down an original group of about 100 bidders to a group of serious contendes,...

Hear Timothy's is sought by Fisher Camuto. (possible acquisition of Timothy Fashion's Inc.)
May 18, 1987... Hear Timothy's is sought by Fisher Camuto ST. LOUIS (FNS) -- Fisher Camuto Group, Stamford, Conn., reporedly is negotiating to acquire Timothy's FAhsions Inc., here, a women's footwear retailer with 18 stoes in seven markets. Separately,...

Taiwan shoemen work on export curbs.
May 18, 1987... Taiwan shoemen work on export curb guides TAIPEI (FNS) -- A select committee from the Taiwan Footwear Manufacturers Association met this week to hammer out guidelines for self-restraints on Taiwan's global footwear exports. The footwear...

Jordache won't market athletic shoes anymore.
May 18, 1987... Jordache wont't market athletic shoes anymore NEW YORK -- Jordache Enterprises, a company best known for its status jeans that almost began as an athletic shoe company, last week disclosd it will no longer operate its athletic footwear...

China low-end exports to U.S. are accelerating.
May 11, 1987... China low-end exports to U.S. are accelerating HONG KONG (FNS) -- China is picking up low-end footwear production for U.S. export due to Taiwan losing some of its competitive edge because of gradual currency appreciation and South Korea's move...

Jourdan will market Lagerfeld, Paulin lines. (Charles Jourdan, Karl Lagerfeld, Guy Paulin)
May 11, 1987... Jourdan wll market Lagerfeld, Paulin lines PARIS (FNS) -- Charles Jourdan will produce and market new signature lines of women's shoes by fashion designers Karl Lagerfeld and Guy Paulin on a worldwide basis,starting with the spring-summer 1988...

Producers spar with retailers at trade hearings.
May 11, 1987... Producers spar with retailers at trade hearings WASHINGTON (FNS) -- Domestic footwear manufacturers squared off with retailers last week at congressional hearings on the Textile and Apparel Trade Act of 1987, which would impose import quotas on...

Shoe retailers have big plans to enter centers.
May 11, 1987... Shoe retailers have big plans to enter centers LAS VEGAS -- Shoe retailers exhibiting at last week's International Council of Shopping Centers (ICSC) leasing mall outlined aggressive expansion plans for 1987. Most footwear botths appeared...

Craddock warehouse is destroyed in fire.
May 11, 1987... Craddock warehouse is destroyed by fire LYNCHBURG, Va. -- Lightning was blamed for a fire that destroyed a six-story warehouse of the Craddock-Terry Shoe Corp. containing five floors -- and thousands of pairs -- of finished shoes. Two other...

Sandler prexy denies reports on shutdown.
May 11, 1987... Sandler prexy denies reports on shutdown NEW YORK -- Brant Casteel, president of Sandler of Boston, here, last Friday denied market reports that Sandler is going out of business. "Due to the bankruptcy filings by two major factories in...

Say Rockport, Frye hearing wedding bells. (Rockport Co., Frye Co. merger plans)
May 11, 1987... Say Rockport, Frye hearing wedding bells MARLBORO, Mass. -- The long-expected purchase of Frye Co., here, became official late last Friday when Rockport Co., also here, a subsidiary of Reebok International Ltd., Canton, acquired Frye. ...

WWW meeting ponders Malco's intentions. (Wolverine World Wide Inc.)
May 11, 1987... WWW meeting ponders Malco's intentions GRAND RAPIDS, Mich. -- Admitting that the most important question on the minds of all those in attendance at the Wolverine World Wide Inc. (WWW), Rockford, Mich., annual meeting here last week, was the...

Brazil '86 exports rise, but '87 problems seen.
May 4, 1987... Brazil '86 exports rise, but '87 problems seen RIO DE JANEIRO, Brazil (FNS) -- The Brazilian shoe industry, beset by rising costs and material shortages, still managed to slightly increase exports in 1986, but may have an uphill fight to do so...

Shoe firms find accessories are fair game.
May 4, 1987... Shoe firms find accessories are fair game NEW YORK -- A number of established shoe companies -- from volume to designer price points -- have aggressively entered the accessory business in the past year, adding hosiery, handbags, belts and even...

Taiwan makers vote in favor of export quotas.
May 4, 1987... Taiwan makers vote in favor of export quotas TAIPEI -- Taiwan's Footwear Manufacturers Association has voted overwhelmingly in favor of imposing global export limits in a move designed to protect the industry from American trade retaliation....

AAEI's footwear group making efficiency move. (American Association of Exporters & Importers)
May 4, 1987... AAEI's footwear group making efficiency move NEW YORK -- Gearing up to get new members and better serve footwear interests, the once dormant footwear group of the American Association of Exporters & Importers (AAEI) is regrouping to regain its...

Hear Craddock will buy Geller. (Craddock-Terry Shoe Corp, Geller Industries)
May 4, 1987... Hear Craddock will buy Geller NEW YORK -- Craddock-Terry Shoe Corp., Lynchburg, Va., reportedly has reached an agreement in principle to purchase Andrew Geller Industries Inc., here, according to a source close to Andrew Geller. Informed...

Hide prices on upward path.
May 4, 1987... Hide prices on upward path CHICAGO -- At the end of 1986, the price-per-pound for heavy native heifer hides was 61 cents. As of April 24, the same hides were selling at 85 cents. Lite native steers, priced in December 1986 at 60 cents,...

House passes trade bill to open foreign markets.
May 4, 1987... Houses passes trade bill to open foreign markets WASHINGTON (FNS) -- The U.S. House of Representatives overwhelmingly passed a broad trade bill last Thursday designed to open foreign markets to American goods and restore U.S. competitiveness...

Edison qtr. sales off 4%; earnings expected to dip. (Edison Brothers Stores)
May 4, 1987... Edison qtr. sales off 4%; earnings expected to dip ST. LOUIS (FNS) -- Edison Bros. sales dropped 4 percent in the first quarter ended April 25, chairman Julian I. Edison told shareholders at the company's annual meeting last Monday. Net...