Footwear News articles from May 1989

Footwear News archives from May 1989

Coast sales turning into a drag. (Survey of footwear market in the West Coast States)
May 29, 1989... Coast sales turning into a drag LOS ANGELES -- Retailers on the West Coast reported slow sales for the last three weeks, dragging down what was shaping up as a positive 1989. In fact, for many Far West retailers, overall sales have been...

Northeast sales are good for some, tough for others. (Survey of footwear market in the Northeastern States)
May 29, 1989... Northeast sales are good for some, tough for others NEW YORK -- While sales have been "good" for many retailers in the Northeast, others reported business was "tough," because of a sluggish retail environment. Retailers will be looking for...

China crisis doesn't faze production. (student demonstrations effect on footwear industry)
May 29, 1989... China crisis doesn't faze production HONG KONG (FNS) -- The recent pro-democracy demonstrations in Chinese cities have had little impact on footwear production and exports, said manufacturers who reported they nevertheless are closely...

President of Adidas USA leaves. (Ron Moore)
May 29, 1989... President of Adidas USA leaves WARREN, N.J. -- Ron Moore, who took the reins of Adidas USA Inc. at the end of 1987, amidst a major repositioning following the death of Adidas Sportschufabriken co-founder Adi Dassler, resigned his position late...

March imports tumble 12.8% compared with same
May 29, 1989... March imports tumble 12.8% compared with same '88 month WASHINGTON (FNS) -- Non-rubber shoe imports declined by 12.8 percent in March, falling to 65,889,000 pairs shipped from 75,593,000 shipped in March of last year, the Commerce Department...

Restructuring at Connie-Fanfares div. (women's footwear manufacturer)
May 29, 1989... Restructuring at Connie/Fanfares div. ST. LOUIS -- The Brown Group's Connie/Fanfares division is undertaking a marketing and product facelift to catch up with changes in its customer, advised Michael J. Beckwith, executive vice president of...

Penny looks to 5-7% hike in '89 footwear. (J.C. Penny Co.)
May 29, 1989... Penney looks to 5-7% hike in '89 footwear sales SEATTLE (FNS) -- J.C. Penney is looking for a 5-7 percent increase in its footwear business this year, said W. Barger Tygart, executive vice president and director of merchandising, in an...

U.S. Shoe's footwear operating net falls 62.4%.
May 29, 1989... U.S. Shoe's footwear operating net falls 62.4% CINCINNATI (FNS) -- U.S. Shoe Corp.'s footwear operating income plunged 62.4 percent in the first quarter, despite a 5 percent increase in sales. In the quarter ended April 29, the division's...

Juvenile to sell two retail divs. (Juvenile Shoe Corp. of America)
May 29, 1989... Juvenile to sell two retail divs. AURORA, Mo. -- Juvenile Shoe Corp. of America (JSC) has put its two retail subsidiaries up for sale, marking what would be a withdrawal from retailing after approximately three years. Marsha Hartshorn,...

Sandals, canvas shoes are the talk of the Midwest. (Survey of footwear market in the Midwestern States)
May 29, 1989... Sandals, canvas shoes are the talk of the Midwest CHICAGO -- Sandals and canvas footwear were mentioned again and again as top sellers by Midwestern retailers. Sandal sales began in earnest around mid-May, when the temperature jumped from...

Southeast struggles to get sales. (Survey of footwear market in the Southeastern States)
May 29, 1989... Southeast struggles to get sales NEW YORK -- A sluggish economy and an overstored retail environment that encourages discounting were major factors in the struggle for real sales growth this spring, Southeastern retailers reported. The...

AAEI panel: act now to EC '92 dividends. (American Association of Exporters and Importers, planning for European unified market)
May 29, 1989... AAEI panel: Act now to reap EC '92 dividends NEW YORK -- To benefit most from a more unified European Community market after 1992, it is important for U.S. businesses not already positioned in Europe to act now. This point was made by most...

Sakowitz edits mix for new Dallas, Cincinnati units. (department stores)
May 29, 1989... Sakowitz edits mix for new Dallas, Cincinnati units HOUSTON -- Sakowitz Inc. recently expanded from its base of four department stores here, adding stores in Dallas and Cincinnati in which the shoe mixes have been carefully edited for their...

Nordstrom on expansion: sky is the limit. (departments stores)
May 29, 1989... Nordstrom on expansion: The sky is the limit SEATTLE (FNS) -- Declaring "the sky is the limit" for expansion, co-chairman Bruce A. Nordstrom set the happy tone for the Nordstrom annual meeting here recently. In answer to a shareholder's...

Cherokee puts $31 million in Argy's peace pipe. (Cherokee Group founder James Argyropoulos)
May 29, 1989... Cherokee puts $31 million in Argy's peace pipe SUNLAND, Calif. (FNS) -- Cherokee Group founder James P. Argyropoulos walked away with $31 million after agreeing not to fight the recently completed buyout of the company by GRN Industries, Los...

Hong Kong's shoe-making industry strengthening.
May 29, 1989... Hong Kong's shoe-making industry strengthening HONG KONG (FNS) -- Hong Kong's leather footwear industry has had a tough time keeping up with rapidly developing rivals. But high labor costs and appreciating currencies in South Korea and Taiwan...

Korea's Kukje goes high-tech. (athletic shoe manufacturer)
May 29, 1989... Korea's Kukje goes high-tech NORTH READING, Mass.--Implementation of sophisticated, high-tech machinery and the lowering of overhead costs are helping Kukje Corp., a major manufacturer of athletic footwear in South Korea, survive in a market...

Puma USA unaffected by ex-parent's buyout. (Cosa Lieberman acquisition of Puma AG)
May 29, 1989... Puma USA unaffected by ex-parent's buyout FRAMINGHAM, Mass. -- Puma USA will not experience jolting changes in its business operations as a result of Cosa Liebermann's recent purchase of 72 percent of former parent company Puma AG, Puma USA's...

Reebok widens L.A. Vision role. (Strategic Vision Group extends West Coast services)
May 29, 1989... Reebok widens L.A. Vision role WEST LOS ANGELES -- Following recent predictions made by social futurists -- and cited by Reebok chairman Paul Fireman -- that Los Angeles will emerge as a more important financial and fashion center, Reebok...

Converse volume ahead but All Stars dunk profit. (athletic shoe manufacturer)
May 29, 1989... Converse volume ahead but All Stars dunk profit NORTH READING, Mass. -- Converse Inc. recorded an 8.4 percent sales gain to $341.7 million in fiscal '89, from $315 million in fiscal '88, but blamed a stabilizing All Stars line for a decline in...

Paris boutiques are Baudoin's place in sun. (Paris children's shoe store Na!)
May 29, 1989... Paris boutiques are Baudoin's place in sun PARIS (FNS) -- Sabine Baudoin gave up her place in the sun as a physical therapist on the French Riviera to develop children's footwear at her family's company, Chaussures Laurent SA. The tanned...

Probe Arnault LVMH warrants. (Louis Vuitton Moet Hennessy, Bernard Arnault)
May 29, 1989... Probe Arnault LVMH warrants PARIS -- Attorneys representing minority shareholders in LVMH Moet Hennessy Louis Vuitton last Tuesday called on the Commercial Court of Paris to cancel out or sequester a disputed set of LVMH stock warrants acquired...

1st qtr. apparel outlay barely budges. (consumer spending on shoes and clothing)
May 29, 1989... 1st qtr. apparel outlay barely budges WASHINGTON (FNS) -- Consumer spending on shoes and clothing remained virtually unchanged between the first quarter of this year and the fourth quarter of 1988, the government reported last Thursday. ...

Super 310 no help to shoe exports: FIA. (Footwear Industry of America)
May 29, 1989... Super 301 no help to shoe exports: FIA WASHINGTON (FNS) -- The fact that two countries that allegedly impose barriers to U.S. shoe exports were singled out last week by the Bush administration for potential trade retaliation will have little...

FFNY brings new meaning to the fashion scene. (FN supplement - Footwear Fashion of NY Fashion Preview)
May 29, 1989... FFANY brings new meaning to the fashion scene NEW YORK -- Fashion footwear used to mean high prices, high heels and high profile. Then came FFANY. Fashion Footwear Association of New York (FFANY) members say that perhaps their biggest...

Spring '90 fashion forecast. (FN supplement - Footwear Fashion of NY Fashion Preview; survey of FFANY members on footwear trends)
May 29, 1989... SPRING '90 FASHION FORECAST What colors, materials and styles will be most important next year? Will the market swing to comfort and casuals or traditional dress shoes? We asked a cross section of FFANY members to give their personal...

The fashion risk takers: upscale retailers profit when they gamble. (FN supplement - FFANY Fashion Preview; footwear retail)
May 29, 1989... The fashion risk takers: Upscale retailers profit when they gamble NEW YORK -- Better grade shoe retailers do not strictly blame lack of fashion or rising prices if sales are flat -- they are the first to fault themselves. Cautious...

Cosa Liebermann buys Dasslers' stake in Puma. (athletic shoe manufacturers)
May 22, 1989... Cosa Liebermann buys Dasslers' stake in Puma PARIS (FNS) -- Armin and Gerd Dassler have sold their 72 percent stake in Puma AG, the West German athletic footwear and apparel dynasty, to Swiss concern Cosa Liebermann SA, ending their...

Sears pleased with 6-25% cut in shoe prices.
May 22, 1989... Sears pleased with 6-25% cut in shoe prices CHICAGO -- Sears has lowered its shoe prices between 6 and 25 percent under its Every Single Day Pricing (ESDP) policy, in place since March 1, a policy that has been "extremely effective," according...

Timberland's parley told strategy holds. (footwear manufacturer sales)
May 22, 1989... Timberland's parley told strategy holds BOSTON -- Though 1988 held disappointing financial results for the Timberland Co., Hampton, N.H., president Sidney Swartz told shareholders at the company's annual meeting last week that the company has...

Fisher Camuto to add Palmetto's casual line. (footwear manufacturer)
May 22, 1989... Fisher Camuto to add Palmetto's casual line STAMFORD, Conn. -- Fisher Camuto Corp. will tap into the growing lower-priced casual footwear market next fall with Palmetto's, a name it has licensed from the company that makes a popular junior...

U.S. Shoe licenses Garolini name in AmAsia. (footwear manufacturer)
May 22, 1989... U.S. Shoe licenses Garolini name to AmAsia CINCINNATI -- U.S. Shoe Corp. last week licensed the Garolini brand name to AmAsia, Woburn, Mass., which plans to introduce lower price points for the line and shift its production to the Far East,...

Kinney's operating net increases 10.2% in '88. (footwear retailer)
May 22, 1989... Kinney's operating net increases 10.2% in '88 NEW YORK -- Kinney Shoe Corp. recorded a 10.2 percent increase in operating profits to $269,000,000 in 1988, up from $244,000,000 in 1987, according to parent F.W. Woolworth Co.'s recently released...

Ipanema slates Shoestring's return for fall. (footwear manufacturer)
May 22, 1989... Ipanema slates Shoestrings' return for fall NEW YORK -- The Shoestrings name, absent from the market for more than a year, is slated to return in a new, quality-oriented volume line Ipanema Shoe Corp. is launching for fall. The company...

Nike raises minimum on seasonal orderings. (athletic footwear manufacturer)
May 22, 1989... Nike raises minimum on seasonal orderings BEAVERTON, Ore. -- Nike Inc. has increased the minimum total seven-months' order it requires from retail accounts carrying its footwear and/or apparel to $5,000 in rural areas and $10,000 in urban...

Irving Edison dies at 89, giant chain's co-founder. (Edison Bros. Stores Inc.)
May 22, 1989... Irving Edison dies at 89, giant chain's co-founder ST. LOUIS -- Irving Edison, co-founder of Edison Brothers Stores Inc., died at his home here last Tuesday. He was 89. Edison, president of Edison Bros. Stores Inc. from 1957-1968, and a...

April footwear prices off 0.1% from March.
May 22, 1989... April footwear prices off 0.1% from March WASHINGTON (FNS) -- Retail footwear prices in April declined a seasonally adjusted 0.1 percent from March, well below the 0.7 percent increase in overall inflation last month, the Labor Department...

WWW div. opens hiking outlet in Red Wing mall. (Wolverine World Wide, footwear manufacturer, Red Wing, Minn.)
May 22, 1989... WWW div. opens hiking outlet in Red Wing mall RED WING, Minn. -- Wolverine World Wide's (WWW) retail division last Wednesday opened an outlet store devoted to hiking footwear and apparel here in a better-quality outlet mall. If the store...

Genesco qtr. retail results off. (footwear retailer)
May 22, 1989... Genesco qtr. retail results off NASHVILLE (FNS) -- Genesco Inc.'s, retail footwear operation reported an increased operating loss in the first quarter while the company's footwear wholesaling and manufacturing operations posted vastly improved...

U.S. lags behind Europe in tapping Soviet market. (athletic footwear)
May 22, 1989... U.S. lags behind Europe in tapping Soviet market LONDON (FNS) -- Europe is sweeping ahead of the U.S. in the race to tap the vast market for shoes and apparel in the Soviet Union. Companies as diverse as Stefanel of Italy, Pierre Cardin of...

Quabaug management group gets realigned. (footwear manufacturer)
May 22, 1989... Quabaug management group gets realigned NO. BROOKFIELD, Mass. -- The Quabaug Corp. has restructured and consolidated its management group, as well as laid off some of its manufacturing staff, said president Allan Dunkerly last week. ...

Stein purchases Colorfuls. (dyeable footwear manufacturer)
May 22, 1989... Stein purchases Colorfuls SUMMIT, N.J. -- Colorfuls Inc., formerly a dyeable footwear division of Cin Cin, New York, is now a separate company under the same name, said the new company's president and sole owner Warren Stein. Stein,...

Hudsons land its U.S. designs at Kennedy Airport. (domestic designer footwear merchandising at airport shops)
May 22, 1989... Hudsons lands its U.S. designs at Kennedy Airport NEW YORK -- Last week's opening of Hudsons New York at the Pan American WorldPort Terminal at John F. Kennedy International Airport may begin to change the perception that merchandise in...

LVMH likely to double its Guinness stake. (luxury goods manufacturer Louis Vuitton Moet Hennessy)
May 22, 1989... LVMH likely to double its Guinness stake PARIS (FNS) -- A day after France's stock market watchdog cleared Bernard Arnault of insider trading, the president of LVMH Moet Hennessy Louis Vuitton said the company will probably double its...

Kaepa to double ad budget. (footwear manufacturer)
May 22, 1989... Kaepa to double ad budget SAN ANTONIO, Tex. -- Kaepa Inc. reported it will use part of a recently acquired $1.5 million cash infusion from existing investors to double its advertising budget. The company has hired the Houston office of...

L.A. Gear 1st half sales may match 1988 figure. (athletic footwear manufacturer)
May 22, 1989... L.A. Gear 1st half sales may match 1988 figure LOS ANGELES -- L.A. Gear Inc. last week said sales for the first six months of 1989 should "come close or even match the sales for the entire fiscal year of 1988." Sales in 1988 totaled $223...

Sears PLC global shoe profit almost flat for '88. (department stores)
May 22, 1989... Sears PLC global shoe profit almost flat for '88 LONDON (FNS) -- Sears PLC, which sold its Butler Shoe Corp. subsidiary in 1988, last week reported almost flat trading profits in its worldwide footwear retailing operations of 106.5 million...

Imbert files Chapter 11; ISIN division unaffected. (French footwear manufacturer)
May 22, 1989... Imbert files Chapter 11; ISIN division unaffected PARIS (FNS) -- Imbert, a French shoe manufacturer with daily production of 6,000 pairs, has filed for Chapter 11 bankruptcy protection. While blaming mainly the low level of the U.S. dollar...

Hermes' new managing director has int'l outlook. (department stores; Jean Louis Dumas-Hermes)
May 22, 1989... Hermes' new managing director has int'l outlook PARIS (FNS) -- The venerable house of Hermes has hired a new managing director to oversee its development into a world-class luxury group. Separately, Hermes officials disclosed plans for...

Profit seen rising 22% at Kelian. (Stephane Kelian SA, fashion designer)
May 15, 1989... Profit seen rising 22% at Kelian PARIS. (FNS) -- Despite a saturated domestic market and internal restructuring costs, the French fashion footwear company Stephane Kelian SA expects profits to climb by about 22 percent, as sales advance by...

Taiwan's $ gives makers the jitters. (unstable currency affecting shoe manufacturers)
May 15, 1989... Taiwan's $ gives makers the jitters TAIPEI (FNS) -- Taiwan's shoemakers are running scared again. Just when they thought the Taiwan dollar had stabilized in the near term, the NT three weeks ago began rocketing upward once more,...

Adidas boss selected for N. America. (Roderick A. Campbell)
May 15, 1989... Adidas boss selected for N. America HERZOGENAURACH, West Germany (FNS) -- Rene C. Jaeggi, chairman and chief executive officer of Adidas Sports-chuhfabriken, recently named Roderick A. Campbell, currently a deputy member of the Adidas...

Midwest buying group hits coasts for clients. (Midwest Independent Retailers, footwear buyers)
May 15, 1989... Midwest buying group hits coasts for clients ELGIN, Ill. -- David White originally focused his buying group's efforts on such Midwestern towns as Elgin, known as a 19th century dairy capital and a manufacturer of clocks and watches. But as...

April wholesale footwear prices up 0.4% from
May 15, 1989... April wholesale footwear prices up 0.4% from '88 WASHINGTON (FNS) -- Wholesale footwear prices in April increased a seasonally adjusted 0.2 percent from March prices, 50 percent less than the 0.4 percent increase in overall wholesale prices...

Just for Feet planning 3 supoerstores in '89. (footwear superstore)
May 15, 1989... Just for Feet planning 3 superstores in '89 BIRMINGHAM, Ala. -- Just for Feet, which bills itself as the world's largest athletic shoe store, plans to open three franchise superstores by the end of 1989 and another eight stores next year....

Joseph F. Eberle Jr., former LIA prexy, dies. (Leather Industries of America) (obituary)
May 15, 1989... Joseph F. Eberle Jr., former LIA prexy, dies NAPLES, Fla. -- Joseph Frank Eberle Jr., 67-year-old former president of Leather Industries of America (LIA), died at his home here on April 26. Eberle had long been president of Eberle...

FLIC enters bankruptcy, global strategy flounders. (Footwear and Leather Institute of Canada)
May 15, 1989... FLIC enters bankruptcy, global strategy flounders TORONTO (FNS) -- The Footwear and Leather Institute of Canada (FLIC) has gone into bankruptcy, leaving about (Canadian) $3 million (U.S. $2.5 million) in liabilities. About $2.7 million...

House panel would cut duty on Carib shoes. (Caribbean Basin Initiative, duty free footwear)
May 15, 1989... House panel would cut duty on Carib shoes WASHINGTON (FNS) -- A key House trade panel recently approved a bill that would cut by half the duty rate on footwear imports from the Caribbean. The footwear measure is part of a broader bill...

Hyde bolsters women's and its Saucony brand. (awaits sale to Silvershoe Partners, markets women's, basketball footwear)
May 15, 1989... Hyde bolsters women's and its Saucony brand PEABODY, Mass. -- While waiting for the finalization of its sale to Silvershoe Partners, New York, Hyde-Athletic Industries Inc. has beefed up its women's presentation and strenghened its Saucony...

Reebok aerobic champs are touring Soviet Union. (athletic footwear promotion)
May 15, 1989... Reebok aerobic champs are touring Soviet Union NEW YORK -- In what could be the first step toward Reebok footwear being distributed in the Soviet Union, the 1989 Reebok National Aerobic Champions have started a goodwill tour of the Soviet...

1st qtr. operating profit forges ahead 5% at May. (May Department Stores, footwear retailer)
May 15, 1989... 1st qtr. operating profit forges ahead 5% at May NEW YORK (FNS) -- Despite a significant increase in interest expense, May Department Stores Co. showed a 5 percent gain in first-quarter earnings from continuing operations, with the...

Woolworth net up 2.9% in qtr. (parent of Kinney Shoe Corp., footwear retailer)
May 15, 1989... Woolworth net up 2.9% in qtr. NEW YORK (FNS) -- F.W. Woolworth Co., parent of Kinney Shoe Corp., reported higher interest rates and higher average levels of short-term borrowing put pressure on first-quarter earnings. Net income...

Stephane Kelian teams up with Barneys New York. (to produce exclusive women's footwear collection)
May 15, 1989... Stephane Kelian teams up with Barneys New York NEW YORK -- Stephane Kelian and Barneys New York have teamed up to produce an exclusive women's footwear collection. A design collaboration between Kelian and Barneys, the collection,...

Hosiery firms favoring nighttime over holidays. (hosiery merchandising)
May 15, 1989... Hosiery firms favoring nighttime over holidays NEW YORK -- Did you ever try to find a pair of boots during a snowstorm? Good luck. There's a blurring of the seasons at retail today in order to get merchandise on the selling floor as...

U.K.'s Rayne cuts staff, buys old-line shoe firm. (H and M Rayne, Anello and Davide Ltd.)
May 15, 1989... U.K.'s Rayne cuts staff, buys old-line shoe firm LONDON (FNS) -- H&M Rayne, shoemakers to the Queen Mother, is deep in the throes of change. David Graham, who took over the company from the Burton Group in 1987, recently let go nine...

Footwear, apparel sales up $5.2 billion in 4th qtr.
May 15, 1989... Footwear, apparel sales up $5.2 billion in 4th qtr. WASHINGTON (FNS) -- Footwear and clothing sales rose by $5.2 billion from the third quarter of 1988 to a total of $193.6 billion in the final quarter of the year, according to the Commerce...

Phoenix draws venture capital. (Phoenix Integrated Inc., manufacturer of Champion Athletic Footwear)
May 15, 1989... Phoenix draws venture capital PORT CHESTER, N.Y. -- Two Hong Kong venture groups recently invested an unspecified amount of capital in Phoenix Integrated Inc. here, giving the company the control it has been seeking to boost sales of its...

Shoe Complex has filed a Chap. 11 plea.
May 15, 1989... Shoe Complex has filed a Chap. 11 plea NEW YORK (FNS) -- Shoe Complex Inc., a footwear retailer at 199 Water St. has filed a Chapter 11 petition, seeking time to reorganize. The petition listed liabilities of $301,000, including...

Sears net jumps 56.3% in qtr.; sales gain 10.9%. (department stores)
May 15, 1989... Sears net jumps 56.3% in qtr.; sales gain 10.9% CHICAGO -- While undergoing major changes, Sears Roebuck & Co. reported first-quarter earnings shot up 56.3 percent over year-earlier results. Net income in the period ended March 31...

Cherokee acquisition by GRN is completed. (GRN Industries, unit of Green Acquisition Co.)
May 15, 1989... Cherokee acquisition by GRN is completed SUNLAND, Calif. (FNS) -- The Cherokee Group last week said its acquisition by GRN Industries for about $170 million in cash and debentures has been completed. GRN is a unit of Green Acquisition...

Clarks closes 2 plants and expects 375 layoffs. (C&J Clark Ltd., footwear manufacturer)
May 15, 1989... Clarks closes 2 plants and expects 375 layoffs LONDON (FNS) -- C.&J. Clark Ltd. last week closed two of its Clarks Shoes Ltd. factories employing about 575 people. Clarks Shoes, one of the largest footwear manufacturers in the U.K.,...

Customs has automated its commercial operations. (US Customs Service)
May 15, 1989... Customs has automated its commercial operations WASHINGTON (FNS) -- U.S. Customs has stepped up its commercial operations in order to more directly assist importers and exporters, and expedite the flow of goods in and out of the country....

Marked-up Vuitton counterfeits showing up in chichi boutiques. (counterfeit luxury goods)
May 15, 1989... Marked-up Vuitton counterfeits showing up in chichi boutiques NEW YORK (FNS) -- When counterfeit goods were concentrated in sidewalk stands and flea markets, it wasn't that hard to spot a fake Louis Vuitton bag, even before it fell apart....

Barneys prototype put on stage. (new store format for shoe retail introduced)
May 15, 1989... Barneys prototype put on stage NEW YORK -- Around the corner from Barneys New York's flagship store in Manhattan is a small warehouse where a stage has been set; the scene, a prototype for Barneys' new national concept. The mock shop...

Georgio's adds space and kids' shoes. (shoe retailer)
May 15, 1989... Georgio's adds space and kids' shoes FORT LEE, N.J. -- When a 3,000-square-foot store next to their upscale women's shoe store in Washington Bridge Plaza became available, Robert and Patricia Georgio knew just what to do. They rented...

U.S. Shoe moves on big board; will Fisher Camuto shoot dart? (takeover bids for footwear manufacturer)
May 8, 1989... U.S. Shoe moves on Big Board; will Fisher Camuto shoot dart? CINCINNATI -- Heavy trading in U.S. Shoe Corp. stock last week, following closely on the heels of the collapse of the planned sale of the company's footwear business, fueled...

Qtr. import prices fall, halting 3-year upswing. (footwear prices)
May 8, 1989... Qtr. import prices fall, halting 3-year upswing WASHINGTON (FNS) -- A three-year trend to sharply higher prices for imported footwear appears to be slowing down, the U.S. Labor Department reported last week. A department official said...

Freeman is purchased by Reddy and investors. (Freeman Shoe Co.; Prasad Reddy, footwear manufacturers)
May 8, 1989... Freeman is purchased by Reddy and investors BELOIT, Wis. -- After a period of restructuring and a couple of deals that fell through, Freeman Shoe Co. was acquired last week by Prasad Reddy, its former vice chairman, and Freeman Management...

Profit tumbles in Timberland first quarter. (footwear manufacturer)
May 8, 1989... Profit tumbles in Timberland first quarter HAMPTON, N.H. -- Still affected by repercussions from manufacturing difficulties experienced in the fourth quarter, the Timberland Co. reported a dramatic drop in income despite a 15.3 percent gain in...

A small profit expected in '89 by Puma AG. (athletic shoe manufacturer)
May 8, 1989... A small profit expected in '89 by Puma AG HERZOGENAURACH, West Germany (FNS) -- Puma AG recently reported it edged out of the red in 1988, following a 32.5 million Deutsche mark ($17.2 million) net consolidated loss the previous year. Puma...

Stiegele severs ties with Pacific Dunlop Ltd. (Eberhard Stiegele, footwear manufacturer)
May 8, 1989... Stiegele severs ties with Pacific Dunlop Ltd. ST. LOUIS -- Eberhard Stiegele, formerly in charge of U.S. footwear operations for Pacific Dunlop Ltd., late last month resigned his position to pursue other interest in the footwear industry, the...

Most big stores rebound with big April sales hikes. (footwear prices)
May 8, 1989... Most big stores rebound with big April sales hikes NEW YORK (FNS) -- Most of the nation's leading retailers rebounded from a dismal March to post strong sales gains last month. Sales of low-end footwear showed signs of gradual improvement, and...

Ilan Cohen buys rights to Souliers brand name. (women's footwear manufacturer)
May 8, 1989... Ilan Cohen buys rights to Souliers brand name NEW YORK -- The opportunity to create and respond to fashion trends with an immediacy not possible in the import business recently led Ilan Cohen to acquire the rights to the domestic brand name...

Wolverine reports net declines 6% in quarter. (footwear manufacturer)
May 8, 1989... Wolverine reports net declines 6% in quarter ROCKFORD, Mich. -- Wolverine World Wide Inc. (WWW) reported earnings declined 6 percent in the first quarter ended March 25, on a 12 percent decline in sales. However, at Wolverine's May 3 annual...