Footwear News articles from November 1989

Footwear News archives from November 1989

Fashion firms see sales gains. (fashion footwear)
November 27, 1989... Fashion firms see sales gains NEW YORK -- Fashion footwear resources heading into next week's Fashion Footwear Association of New York show reported only modest sales gains compared to this time last year due to a harsh retail climate,...

NSF show dates set from '91 to '93. (National Shoe Fair of America)
November 27, 1989... NSF show dates set from '91 to '93 NEW YORK -- National Shoe Fair of America (NSFA) has finalized its show dates for 1991 through 1993, revealing the winter shows will travel to major cities around the country and the summer edition still...

U.S. Shoe hits highest 3d qtr. net in its history. (U.S. Shoe Corp.)
November 27, 1989... U.S. Shoe hits highest 3d qtr. net in its history CINCINNATI -- U.S. Shoe Corp. continued its comeback in the third quarter, posting earnings of $19,775,000 or 44 cents per share, a nearly 20-fold increase over earnings of $1,282,000 or 3...

East Germans find West Berlin slippers, athletics irresistable.
November 27, 1989... East Germans find West Berlin slippers, athletics irresistible WEST BERLIN -- Low-end athletic shoes and house slippers have sold extremely well in West Berlin, as East Germans flooded to the city for the first time in 28 years. However,...

Jackson at Stride Rite, again, as president, ceo. (Ronald Jackson, footwear manufacturer)
November 27, 1989... Jackson at Stride Rite, again, as president, ceo CAMBRIDGE, Mass. -- Ronald Jackson, who briefly was chief operating officer of Stride Rite Corp. in 1985, returned to the company last week as the new chief executive officer and president,...

Younger shoppers invade 8th Street shoe mecca. (New York footwear stores)
November 27, 1989... Younger shoppers invade 8th Street shoe mecca NEW YORK -- Ask almost any New Yorker or savvy tourist which downtown venue is synonomous with shoes and nine times out of 10 they'll answer "Eighth Street." As far back as anyone can...

KMO buys Altman name. (KMO Realty Partners, B. Altman stores)
November 27, 1989... KMO buys Altman name As part of the purchase agreement LJ Hooker will be able to continue using the B. Altman name on its remaining seventh store. NEW YORK (FNS) -- KMO Realty Partners, landlord of six of the seven B. Altman stores,...

Tony Lama stores pique boot retailers. (boot manufacturer open store in Denver CO)
November 27, 1989... FOUR DENVER OPENINGS Tony Lama stores pique boot retailers DENVER (FNS) -- Boot retailers here are upset over the four new retail stores Tony Lama Co. Inc. opened recently in the metropolitan area. Even though the Western boot...

First Boston takes Bloomie's to market. (stock market prospectus of Bloomingdale department store)
November 27, 1989... First Boston takes Bloomie's to market NEW YORK(FNS) The secret book produced by First Boston Corp. to help sell Bloomingdale's reads more like Madison Avenue than Wall Street. The 160-page prospectus is full of pictures, quotations and...

Silvershoe, Hyde battling in court. (Silver Shoe Acquisitions Inc., Hyde Athletic Industries Inc.)
November 27, 1989... Silvershoe, Hyde battling in court PEABODY, Mass. -- Since its merger deal with Silvershoe Acquisitions Inc. fell through in September, there has been no lack of activity at Hyde Athletic Industries Inc. The company has experienced...

Two/Ten names Florsheim vp Lemp its new president. (Mark Lemp, Two/Ten Foundation)
November 27, 1989... Two/Ten names Florsheim vp Lemp its new president WATERTOWN, Mass. -- F. Mark Lemp, vice president of Florsheim Shoe Co., has been nominated as the new president of the Two/Ten Foundation and will be officially elected at Two/Ten's annual...

Moscow whets U.S. firms' appetites. (footwear industry trade show in Moscow)
November 27, 1989... Moscow whets U.S. firms' appetites NEW YORK -- U.S.A. '89/Business Opportunities, a trade show sponsored in Moscow last month by the U.S.-U.S.S.R. Trade & Economic Council Inc., offered American firms firsthand experience conducting business...

Pepsi to generate shoe making in India.
November 27, 1989... Pepsi to generate shoe making in India SOMERS, N.Y. -- A multi-million dollar joint venture by Pepsi-Cola International and the public and private sectors of India to develop that country economically includes a shoe-making operation...

Knowles takes the reins of Garolini div. Dec. 1. (William Knowles, AmAsia International Ltd., footwear industry)
November 27, 1989... Knowles takes the reins of Garolini div. Dec. 1 ST. LOUIS -- William Knowles has been named president of the Garolini division of AmAsia International Ltd., Boston, effective Dec. 1. Knowles stepped down as president of the Joyce division...

Tony Lama: Equs suggests changing the merger terms. (Tony Lama Company Inc. boot manufacturer, Equus Investment II L.P.)
November 27, 1989... Tony Lama: Equus suggests changing the merger terms EL PASO, Texas -- Tony Lama Co. Inc. reported that Equus Investment II L.P. has proposed amending the current merger agreement so that Equus would pay $12 in cash and one share of a new...

Ecco enters U.S. on little cat feet and grows. (Eccolet SKO, Denmark, Cooper International, footwear industry)
November 27, 1989... Ecco enters U.S. on little cat feet and grows Eccolet produces more than five million pairs of shoes a year; sales approximate $100 million. WESTON, Conn. -- Ecco brand footwear, which is manufactured in some of the most...

Washables puts shoes through the wringer. (washable footwear)
November 27, 1989... Washables puts shoes through the wringer SAN FRANCISCO -- What do you get when you cross a lab accident, a stitch-and-turn construction and a poodle puddle? You get Washables, the branded washable line for In Motion, here, that was developed...

Comfortably Yours sells comfort via catalog. (mail order footwear)
November 27, 1989... Comfortably Yours sells comfort via catalog MAYWOOD, N.J. -- American consumers who want to shop but do not have the time to do so have created a huge market for shop-by-mail catalogs, including one targeted at the comfort customer. ...

Dr. Scholl's finding comfort in department stores. (comfort footwear manufacturer)
November 27, 1989... Dr. Scholl's finding comfort in department stores NEW YORK -- Dr. Scholl's Comfort Footwear is moving "up market," but don't expect the familiar blue-and-yellow boxes to disappear; just look for them outside the brand's traditional drugstore...

What's up for fall. (footwear forecasts)
November 27, 1989... WHAT'S UP FOR FALL Showtime is approaching, and receiving top footwear billing for fall '90 are tailored English looks for the young, contemporary and traditional markets. "Casuals are becoming dressier," says Billy Zelinka, vice...

Street Wise fashion, price score with young men. (footwear stores)
November 27, 1989... Street Wise fashion, price score with young men LOS ANGELES -- In June, Mark Young, owner of the leased shoe departments in The Factory stores, was told that The Factory was terminating its leases. He had one day to close up shop or take over...

BK expands space, retail lines, brand. (British Knights, athletic shoe manufacturer) (company profile)
November 27, 1989... BK expands space, retail lines, brand NEW YORK -- One gets the sense of chaos in a telephone call to British Knights. Conversations are direct, hurried, hyper. A visit to the headquarters here reveals there must be some organization in...

Kanechika will market athletic line. (Kanechika Company Ltd. athletic shoe manufacturer)
November 27, 1989... Kanechika will market athletic line TORRANCE, Calif. -- Kanechika Co. Ltd., a Japanese footwear manufacturer, has introduced a line of branded athletic shoes under the name Musashi. The shoes, which will be manufactured in Taiwan will...

Mercury adding Chic note to athletics. (Mercury International Trading Co.)
November 27, 1989... Mercury adding Chic note to athletics NORTH BATTLEBORO, Mass. -- Mercury International Trading Corp. signed an agreement last week with Henry I. Siegel Corp. to license the Chic jeans and women's apparel brand for a line of athletic footwear....

L.A. Gear claims gov't making Customs probe. (for underpayment of athletic shoe shipments)
November 27, 1989... L.A. Gear claims gov't making Customs probe LOS ANGELES--L.A. Gear Inc. has learned that it is a target of an investigation being conducted by the U.S. Attorney's Office in Massachusetts, the company said recently. The investigation...

L.A. Gear's Greenberg sues American Airlines. (Robert Greenberg)
November 27, 1989... L.A. Gear's Greenberg sues American Airlines LOS ANGELES -- Robert Greenberg, president and chief executive officer of L.A. Gear Inc., has filed a lawsuit here against American Airlines Inc., charging that the company's in-flight magazine ran...

Avia's Dragon making marketing transition. (Avia Group International, athletic shoe manufacturer president, William Dragon, Jr. )
November 27, 1989... Avia's Dragon making marketing transition NEW YORK -- The difference between the traditional footwear business and its athletics counterpart is more than leather soles, said William Dragon Jr., who five months ago was named president of Avia...

Wellco earnings up 14% in qtr. as sales rise 6.5%. (Wellco Enterprises Inc.)
November 27, 1989... Wellco earnings up 14% in qtr. as sales rise 6.5% WAYNESVILLE, N.C. -- Wellco Enterprises Inc. earnings increased nearly 14 percent to $493,000 or 57 cents per share in the first quarter ended Sept. 30 compared with $433,000 or 50 cents per...

EEC sees harm coming to footwear industry. (European Economic Community)
November 27, 1989... EEC sees harm coming to footwear industry BRUSSELS (FNS) -- European Economic Community (EEC) industry ministers at a meeting held here Nov. 14 stressed that fierce competition from certain countries was causing the EEC's footwear industry...

NSTA throws its weight behind NSF; WSA absent. (National Shoe Travelers Association, National Shoe Fair, Western Shoe Associates)
November 27, 1989... NSTA throws its weight behind NSF; WSA absent CLEARWATER, Fla. -- The National Shoe Travelers Association (NSTA) voted unanimously last week to support the National Shoe Fair (NSF), joining other national groups as a sponsor and operator of...

Oct. retail shoe prices rise 1.5%.
November 27, 1989... Oct. retail shoe prices rise 1.5% WASHINGTON (FNS) -- The introduction of fall and winter fashions pushed up retail footwear prices in October a seasonally adjusted 2 percent from September prices, well above the 0.5 percent increase in the...

U.S., European orders bring Thai leather shoe exports up.
November 27, 1989... U.S., European orders bring Thai leather shoe exports up HONG KONG (FNS) -- Thailand's leather shoe exports and other related products are climbing in response to orders from the United States and other markets. Export Promotion...

Fall '90 fashion forecast. (Fashion Footwear Association designers offer forecasts: Joan Helpern, Jamie Luenda, Marie Lou Campo, Tony Dorn, and others)
November 27, 1989... FALL '90 FASHION FORECAST FFANY designers offer a sneak preview of the colors, materials and style trends that will inspire fall fashion footwear. JOAN HELPERN, chief executive officer and president, Joan & David Helpern Inc., Boston: Even...

Fall roundup. (Fashion Footwear Association of New York Fashion Preview supplement)
November 27, 1989... FALL ROUNDUP While fall fashions won't be tied up in knots, they will reflect a heavy dose of man-tailoring with oxfords continuing as favorites. This show is a time to look ahead to early fall, check out holiday and take a final look at...

Footwear challenge: retailers gear up to do it all in '90s. (Fashion Footwear Association of New York Fashion Preview supplement)
November 27, 1989... FOOTWEAR CHALLENGE: Retailers Gear Up To Do It All In '90's NEW YORK -- Better-grade shoe retailing just isn't going to get any easier. In fact, according to many retailers, there are indications that over the next decade it will...

B. Altman has its last hurrah. (department store bankruptcy)
November 20, 1989... B. Altman's has its last hurrah NEW YORK (FNS) -- B. Altman & Co. is going out of business. Several pending offers to purchase and continue running the department store chain were rejected because financing was not in place. An 11th-hour...

Kinney test-markets Osaga athletic line at 100 units. (Kinney Shoe Corp.)
November 20, 1989... Kinney test-markets Osaga athletic line at 100 units NEW YORK -- Kinney Shoe Corp. last week disclosed it is testing Osaga, a line of private-label athletic shoes, at 100 Kinney Shoe stores, with plans possibly to carry styles into its other...

N. Y. exhibitors starting to play musical chairs. (footwear trade shows)
November 20, 1989... N.Y. exhibitors starting to play musical chairs NEW YORK -- The need to maximize buyer traffic during trade shows here apparently has certain footwear, firms reassessing the shows' worth as they initiate different ways to bring their product...

Easy Spirit inspires push into athletics. (U.S. Shoe Corp.'s athletic line)
November 20, 1989... Easy Spirit inspires push into athletics CINCINNATI -- Spurred by the success of its Easy Spirit walking shoe, U.S. Shoe Corp. here said last week the company plans to proceed into the athletic footwear arena. "We will introduce at the...

Trade winds still strong at Columbus City mall. (Ohio shopping center)
November 20, 1989... Trade winds still strong at Columbus City mall COLUMBUS, Ohio -- Three months after opening, Columbus City Center, a $200 million, 1.3-million-square-foot downtown shopping mall, continues to pack 'em in. "Its performance has been...

Bush aides favor Puerto Rico referendum. (duty free status of shoe industry threatened)
November 20, 1989... Bush aides favor Puerto Rico referendum WASHINGTON (FNS) -- A bill that threatens a multi-million dollar tax break enjoyed by U.S. shoemakers with operations in Puerto Rico should be passed without changes, say Bush Administration officials....

Saliman new Easy Spirit vp. (Jordan Saliman, US Shoe Corp. division)
November 20, 1989... Saliman new Easy Spirit vp CINCINNATI -- U.S. Shoe Corp. last week named Jordan "Jordie" Saliman to the new position of vice president and general manager of Easy Spirit. He had been general manager. Rodger Hepting, president of the...

Cannon resigns from Shoe-Town. (Charles Cannon)
November 20, 1989... Cannon resigns from Shoe-Town TOTOWA, N.J. -- Charles Cannon, vice chairman and chief operating officer, resigned from Shoe-Town Inc., here, effective last Friday, in order to pursue other interests. Cannon, who has been associated with...

Bastien creditors to rule on restructuring plan. (Bastien Inc., boot manufacturer)
November 20, 1989... Bastien creditors to rule on restructuring plan TORONTO (FNS) -- The creditors of Bastien Inc. are slated to meet on Dec. 14 to decided whether to approve a restructuring plan for the financially troubled bootmaker. The Saint-Emile,...

Arnault agrees not to sell LVMH warrants. (LVMH Moet Hennessy Louis Vuitton, Bernard Arnault, luxury goods manufacturer)
November 20, 1989... Arnault agrees not to sell LVMH warrants PARIS (FNS) -- Bernard Arnault, chairman of LVMH Moet Hennessy Louis Vuitton, met the Nov. 15 deadline set by the president of the commercial court of Paris, by promising in writing not to sell...

Coleman leaves Barclay, Empire. (Donald Coleman, Endicott Johnson divisions)
November 20, 1989... Coleman leaves Barclay, Empire ENDICOTT, N.Y. -- Donald Coleman resigned earlier this month as president of the Barclay and Empire divisions of Endicott Johnson. Coleman had been appointed to the post in October, after having been...

Creative workers held '90s success key. (in footwear industry)
November 20, 1989... Creative workers held '90s success key BOSTON -- In the 1990s, a footwear company's success will depend upon its ability to attract innovative employees, and to provide rewards and incentives to retain them, said a group of corporate chiefs...

J. Baker is tops in Forbes rating. (footwear stores)
November 20, 1989... J. Baker is tops in Forbes rating BOSTON -- Controlled growth and balance sheet integrity have contributed to J. Baker's top spot on Forbes magazine's 1989 ranking of the top-200 small businesses in America, Sherman Baker, the retailer's...

$1 billion sales possible for rejuvenated Lazarus. (department stores)
November 20, 1989... $1 billion sales possible for rejuvenated Lazarus CINCINNATI -- After several years of turbulence, Lazarus is out to recapture lost market share and in the process become a $1-billion department store chain, Mark Cohen, chairman, said last...

Timberland lends Madison Ave. woodsy feeling. (retail division of footwear manufacturer Timberland Co.)
November 20, 1989... Timberland lends Madison Ave. woodsy feeling NEW YORK -- With banks of pine trees flanking windows strewn ankle-deep in autumn leaves, Timberland's new flagship store on the corner of Madison Avenue and 63rd Street lives up to the brand's...

Men are yielding to casual temptations. (Brown Shoe Co., footwear marketing)
November 20, 1989... Men are yielding to casual temptations ST. LOUIS -- "Men buy dress shoes because they need them; they buy casual shoes because they want them." That's the reason casuals should be merchandised as impulse items in men's shoe departments...

Mothers, kinds find Shoezies good provider. (children's shoe store)
November 20, 1989... Mothers, kids find Shoezies good provider SUFFERN, N.Y. -- "Shoezies: the tiny department store for children" is the slogan of this modern children's shoe and clothing store nestled in the small village of Suffern and, like a department...

Ryka quarter in red. (athletic shoe manufacturer)
November 20, 1989... Ryka quarter in red WEYMOUTH, Mass. -- Ryka Inc. posted a loss of nearly $1 million in the third quarter ended Sept. 30, as sales more than doubled. Sheri Poe, Ryka president, also stated that a planned common-stock offering, the...

Reebok Hong Kong acts vs. knitwear firm again. (copyright infringement case vs. Laws Fashion Knitters Ltd.)
November 20, 1989... Reebok Hong Kong acts vs. knitwear firm again HONG KONG (FNS) -- Reebok Hong Kong, a subsidiary of Reebok International Ltd., renewed its legal battle against a local knitwear company for alleged copyright infringement of its athletic...

Vulcabras is launching Puma brand in Brazil. (athletic footwear manufacturer)
November 20, 1989... Vulcabras is launching Puma brand in Brazil RIO DE JANEIRO (FNS) -- The Vulcabras Co., Brazil's second-largest athletic footwear manufacturer, is spending $8 million to launch the Puma brand in this country, as Puma styles are beginning to...

Genesco wholesale div. profit gains 29% in qtr.
November 20, 1989... Genesco wholesale div. profit gains 29% in qtr. NASHVILLE (FNS) -- Third-quarter operating profits for Genesco Inc.'s footwear wholesale and manufacturing division shot up 29 percent while earnings for the footwear retail division toppled...

Adidas lops 64 from HQ; cites need to cut costs.
November 20, 1989... Adidas lops 64 from HQ; cites need to cut costs WARREN, N.J. -- Adidas USA Inc. late last week terminated 64 employees in its headquarters here and rearranged its executive structure, citing a need to unify footwear and apparel development...

L.A. Gear settles suit with Gear Inc. (trademark case)
November 20, 1989... L.A. Gear settles suit with Gear Inc. LOS ANGELES -- L.A. Gear Inc. has settled out of court a lawsuit with Gear Inc., an New York apparel company, resolving a five-year-old legal battle over L.A. Gear's right to continue using the L.A. Gear...

Industry response brightens Shoe Tech. (Shoe Tech '89, shoe industry exhibition)
November 20, 1989... Industry response brightens Shoe Tech BOSTON -- Exhibitors at the recent Shoe Tech '89 said the show's traffic and the amount of business it generated boded well for the nation's footwear industry. While no one at the show predicted a...

Delman hits the runway with Nina's blessings. (Nina Footwear division for women's upscale footwear)
November 20, 1989... Delman hits the runway with Nina's blessings NEW YORK -- Delman, historically one of the most prestigious American designer shoe labels, was reintroduced recently to the footwear market by principals at Nina Footwear who disclosed last week...

Kelian plans to buy family-held stores. (Stephane Kelian SA)
November 20, 1989... Kelian plans to buy family-held stores PARIS (FNS) -- Pushing ahead with its expansion strategy, Stephane Kelian SA plans to buy back Kelian stores owned by Kelian family members and increase its capital, disclosed managing director Andre...

Tender Tootsie resuscitates Clinic. (Clinic Shoe Co., Tender Tootsies Ltd.)
November 20, 1989... Tender Tootsies resuscitates Clinic Tender Tootsies president Garry Neilson will assume the presidency of The Clinic Shoe Co. AURORA, Mo. -- The Clinic Shoe Co. was created last week when an offer by Tender Tootsies Ltd., London,...

Flatiron will add Ken Cole. (Kenneth Cole footwear stores, Manhattan, NY)
November 13, 1989... Flatiron will add Ken Cole NEW YORK -- This week Kenneth Cole plans to add his name to the growing list of designers who have opened stores in Manhattan's trendy Flatiron district, including Giorgio Armani, Joan Vass, and Tootsie and Otto...

WSA votes to leave NSTA effective Nov. 3. (Western Shoe Associates, National Shoe Travelers Association)
November 13, 1989... WSA votes to leave NSTA effective Nov. 3 LOS ANGELES -- The board of directors of Western Shoe Associates (WSA) here has voted to withdraw from the National Shoe Travelers Association (NSTA), St. Louis, effective Nov. 3. The decision...

New computer tech seen aiding retail, consumer. (at Shoe Tech '89)
November 13, 1989... New computer tech seen aiding retail, consumer BOSTON -- New computer technology introduced at Shoe Tech '89 last week should have a trickle-down effect at the retail and consumer level, enabling domestic manufacturers to offer better-made...

NSF plans shows in and out of Apple. (National Shoe Fairs, New York City venues)
November 13, 1989... NSF plans shows in and out of Apple NEW YORK -- Future National Shoe Fairs (NSF) shows will likely be held both in and out of New York City, NSF chairman Bill Burnett disclosed last week. "We're still committed to having National Shoe...

Di Varese out to market Top-Siders in Europe. (Calzaturificio di Varese marketing venture with Stride Rite Corp.)
November 13, 1989... Di Varese out to market Top-Siders in Europe VARESE, Italy -- Seeking to add to its stable of brand names and capitalize on the resurgent European interest in boat shoes, Calzaturificio di Varese is in final negotiations with Stride Rite...

Bar-coded footwear raises retailers' consciousness.
November 13, 1989... Bar-coded footwear raises retailers' consciousness BOSTON -- Bar-coded footwear allows retailers to track and manage sales and inventory more efficiently than in the past, said Larry Bohnert, industry analyst, at last week's retail computer...

Volume Shoe qtr. sales rally.
November 13, 1989... Volume Shoe qtr. sales rally ST. LOUIS (FNS) -- Sales at Volume Shoe climbed 13.7 percent in the third quarter to $324 million, reported parent May Department Stores Co., here, declining to break out operating profits for the division in the...

U.S. Shoe names Partin president of Hahn div. (U.S. Shoe Corp. Hahn Shoes Div., Gordon Partin)
November 13, 1989... U.S. Shoe names Partin president of Hahn div. CINCINNATI -- U.S. Shoe Corp. has named Gordon Partin president of the Hahn Shoes division. Partin succeeds Charles Goorman, who had been president of Hahn Shoes in addition to his...

Men's resources juice up selling plans. (men's footwear industry)
November 13, 1989... Men's resources juice up selling plans NEW YORK -- There's a new kind of salesmanship in the men's footwear market, but it is happening at the wholesale rather than retail level. As retail mergers and acquisitions have changed the face...

Duty shoes take comfort features in stride. (safety shoes industry)
November 13, 1989... Duty shoes take comfort features in stride The safety end of the market is expanding due to the rising costs of liability insurance rates. NEW YORK -- It does not take much work to wear duty shoes anymore. This season, work and...

Work and safety shoe sales moving up.
November 13, 1989... Work and safety shoe sales moving up NEW YORK -- As the '80s draw to a close, work and safety shoe manufacturers and importers said the decade has marked a return to steady work and safety shoe sales. Many work and safety shoe makers...

Reebok expanding West Coast office. (apparel and athletic shoe manufacturer)
November 13, 1989... Reebok expanding West Coast office LOS ANGELES -- Reebok International Ltd. has expanded its West Coast office and will use it to develop trends for the footwear and apparel company. Frank O'Connell, president of Reebok North America, a...

Nike to aim at int'l arena. (athletic shoe manufacturer foreign operations)
November 13, 1989... Nike to aim at int'l arena NEW YORK (FNS) -- Nike Inc. will concentrate on the international and women's markets for its future growth, said Andrew Mooney, vice president of footwear marketing, speaking to a group of institutional investors...

Asics Tiger to hike ad budget by $3.5 mil. (athletic shoe manufacturer Asics Tiger Corp.)
November 13, 1989... OUTPUT CAPACITY ENHANCED Asics Tiger to hike ad budget by $3.5 mil. NEW YORK -- Asics Tiger Corp. plans to boost its advertising and marketing expenditure by $3.5 million next year and recently secured factory space that will allow...

San Shoe buyout finalized. (San Shoe Corp. footwear importer buyout by management led by Donald Kalfin)
November 13, 1989... San Shoe buyout is finalized NEW YORK -- San Shoe Corp., a volume importer of athletic and men's footwear, on Nov. 3 finalized a management-led buyout, creating a company called San Shoe Worldwide Corp., whose 1989 sales are projected to...

Interco stock goes low. (footwear/clothing group)
November 13, 1989... Interco stock goes low NEW YORK (FNS) -- The stock of Interco Inc., which was valued at $5 a share in the company's restructuring plan last year, last Thursday closed at 7/8 on the New York Stock Exchange, close to its 52-week low. The...

Swank qtr. net jumps; 9 mos. back in black. (clothing accessories manufacturer)
November 13, 1989... Swank qtr. net jumps; 9 mos. back in black ATTLEBORO, Mass. (FNS) -- Swank Inc., the marketer of accessories under such names as Swank, Anne Klein and Etienne Aigner, reported a substantial gain in third-quarter earnings and returned to...

Totes buys German umbrella distributor. (Totes Inc., Jagra-Haus Gmbh)
November 13, 1989... Totes buys German umbrella distributor LOVELAND, Ohio -- Totes Inc. last week said that in anticipation of the opening of the European market in 1992 it has acquired Jagra-Haus Gmbh, West German distributor of umbrellas, for an undisclosed...

Investcorp placing equity in Gucci, 2 other firms. (Guccio Gucci S.p.A., Chaumet & Cie, Breguet SA, luxury goods manufacturers)
November 13, 1989... Investcorp placing equity in Gucci, 2 other firms MILAN (FNS) -- Investcorp, the Bahrain-based investment bank, said it is privately placing $135-million-worth of debt and equity in three of its luxury goods companies: Guccio Gucci S.p.A.,...

Ohio, Indiana travelers merge and change name to Tri-State. (Tri-State Shoe Travelers)
November 13, 1989... Ohio, Indiana travelers merge and change name to Tri-State CINCINNATI -- Ohio and Indiana shoe traveler groups merged last week under the name Tri-State Shoe Travelers and voted to hold enlarged regional markets at the Clarion Hotel, here,...

Aug. footwear imports soften.
November 13, 1989... Aug. footwear imports soften WASHINGTON (FNS) -- Imports of nonrubber and rubber and fabric footwear both declined for the first time this year in August, according to figures compiled recently by the Commerce Department. Industry...

Oct. wholesale prices top '88 level by 5.3%. (wholesale footwear trade)
November 13, 1989... Oct. wholesale prices top '88 level by 5.3% WASHINGTON (FNS) -- Wholesale shoe prices in October advanced 5.3 percent over year-ago levels, slightly higher than the 4.9 percent increase in overall wholesale prices from October 1988 to October...