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Allen Edmonds Acquired by Famous Footwear's Parent Company

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    #46
    Originally posted by Rocco View Post
    Isn't it the current thinking that male consumers are increasingly conscious about buying quality clothing and apparel??

    I would only ask you if you have you ever been to H+M? Primark?

    Race to the bottom.

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      #47
      Originally posted by evanparker View Post
      I would only ask you if you have you ever been to H+M? Primark?

      Race to the bottom.
      The fact that those kinds of places exist doesn't preclude what I said. What about the rise of #menswear? What about AE's core traditional buyers? There is still a market for those people, and because of the internet, they would be more easily informed about a decline in quality than the consumers of 1986, or whenever all those other heritage brands were cheapened.
      Last edited by Rocco; December 16, 2016, 07:38 AM.

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        #48
        Originally posted by evanparker View Post
        I would only ask you if you have you ever been to H+M? Primark?

        Race to the bottom.
        ^^

        A company that already makes all of its shoes in China and Vietnam such as Caleres gives 0 f's about heritage, quality or core bases. If making an AE women's line in China is what brings in the money then that is what happens. To think that somehow AE is excluded from the fate that has met other much more important mens shoemakers is not realistic. During the US industries' height, AE wasn't even a very important player. A lot more important names have fallen. Alden's saving grance is that it's low volume, family owned.
        You can never have enough shoes

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          #49
          Well this is disappointing to hear. I hope the refracting program stays in place, (and with the same quality), as I hope to continue to own and wear my current AEs for years and years to come.

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            #50
            Yeah, this is sadly likely. Alden's a small enough operation that a large conglomerate isn't likely to see potential for great profit in converting it into a higher volume enterprise. AE is already enough like a regular mall store to make it seem like a good idea to generate revenue by making it even more like a mall store. By that, I mean that the constant sales, the endless introduction of new styles and colors, and the continual decisions to discontinue styles and models, only to bring them back again shortly afterwards, makes AE seem like it could transition to the more profitable model easily. For one thing, it's a larger scale enterprise than Alden.

            (For example, in the last month, it has reintroduced the McTavish, the MacNeil, the Cronmok, the Buckstrand, the Lexington, the Sanford, and bourbon, only to put all of them straight back into clearance, while adding various new models such as the Oak Street, the Leiden weave and suede, the Dundee suede, all the brown grain models, and the Strandmok. While there are no doubt good business reasons for doing this, it makes it look to me like they're constantly chasing a quick buck, so I can see why Caleres would think they can easily be retooled to do that even more effectively).

            N.B. It's not quite clear that bourbon is in clearance. It might just be on a sale. But they do so on the front page that it's "for a limited time only." I don't know whether that means the color is back for a limited time only or the sale price is for a limited time only.

            Originally posted by MNJ83 View Post
            ^^

            A company that already makes all of its shoes in China and Vietnam such as Caleres gives 0 f's about heritage, quality or core bases. If making an AE women's line in China is what brings in the money then that is what happens. To think that somehow AE is excluded from the fate that has met other much more important mens shoemakers is not realistic. During the US industries' height, AE wasn't even a very important player. A lot more important names have fallen. Alden's saving grance is that it's low volume, family owned.

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              #51
              Originally posted by MNJ83 View Post
              ^^

              A company that already makes all of its shoes in China and Vietnam such as Caleres gives 0 f's about heritage, quality or core bases. If making an AE women's line in China is what brings in the money then that is what happens. To think that somehow AE is excluded from the fate that has met other much more important mens shoemakers is not realistic. During the US industries' height, AE wasn't even a very important player. A lot more important names have fallen. Alden's saving grance is that it's low volume, family owned.
              I guess I just believe that it is better for the bottom line not to compromise quality. AE can not hide any such changes.

              They may dilute the the brand by offering cheaper shoes alongside the other ones.

              There is just much more competition at the bottom. If a company that makes cheap shoes already buys a quality shoe company, and has it starts making cheap shoes. It just created more competition for itself. To make both cheap shoes and expensive shoes is to expand business.

              The mayor of the town where the AE factory is, isn't worried about it being shut down.

              Let's not have the funeral prematurely.

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                #52
                Originally posted by evanparker View Post
                This exact kind of pressure happened to Bass, Dexter, Nunn Bush, Florsheim, Cole Hann, Johnston & Murphy, Hanover, Bostonian, Sebago, and hundreds of other companies I can't think of. All 9 I have listed are only a shell of their former selves. They've been GUTTED by corporate interests. No one these days wants Nunn Bush because they are horrible, but they used to actually make fairly good shoes.

                All you guys that are trying to see this in some naive optimistic way, please remember that this liquidation and extermination of American manufacturing shoe companies has been a formula that's been followed for at more than forty years.
                Right- just think about the fact that north of Boston in Lynn, we had close to 250 shoe factories in the 1920's. And that that was just one area- there where many more in other parts. No one is being doom and gloom here, but why do people think that we have only AE and ALDEN left in 2016? The once thriving American shoe industry has been reduced to absolute ashes- we can't really talk about the reasons why without broaching other topics we can't address here. Should we just ignore history and pretend this has not happened? --

                Is there a remote possibility that the powers at the new parent company that makes multiple cheap Chinese shoes are going to have an epiphany and see that value in keeping AE as is and catering to the small #menswear renaissance? ---I guess there is, but it's not likely.
                You can never have enough shoes

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                  #53
                  As multiple people have said, the fact that there being really two traditional American shoe makers left, raises the value of those companies in being able to reach a particular demographic. While I'm sure there is teardown value in the brand, they would also lose most of that goodwill in doing so, which I'd bet is a large portion of the total value. Because there are so few left, the relative profitability of keeping as is (or close to it) vs. making it into another Nunn Bush is not as large of a difference and allows the company to reach a different set of consumers.

                  While I wouldn't say it's a given which way the company will go, there are compelling reasons for the acquirer to not want to change too much.


                  Sent from my iPhone using Tapatalk

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                    #54
                    This is the third time Allen Edmonds has been sold since 2006 (as others have stated) with the value increasing each time. I don't think the new owners are going to mess with a good thing.

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                      #55


                      Has anyone seen this?? Is this their new logo because of the acquisition?

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                        #56
                        Originally posted by tailoredbydang View Post


                        Has anyone seen this?? Is this their new logo because of the acquisition?
                        No, that's been around for years, used on a more entry-level line of shoes with glued construction.
                        Ben

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                          #57
                          That's AE by Allen Edmonds. An inferior line they make in Puerto Rico.'
                          You can never have enough shoes

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                            #58
                            Gotcha, false alarm lol

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                              #59
                              Paul G is weighing in at Ask Andy, fwiw. (Page 3 of the thread on the Trad forum if the link doesn't work)

                              https://www.askandyaboutclothes.com/...00#post1814300
                              “There are moments, Jeeves, when one asks oneself, 'Do trousers matter?'"
                              "The mood will pass, sir.”

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                                #60
                                I was at J&M shoes store(There store front not the department store cause they are ugly there) and some of those shoes look very nice they look far from cheap and they always have customers buying. I think they are more expansive than Allen Edmonds, I noticed AE has more sales than J&M

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