Financial Results

  • obuv rossii store
    Article

    Obuv Rossii’s August sales rebound sharply

    2020-09-20T06:35:00Z

    Obuv Rossii has enjoyed a strong rebound in sales. In August, the company’s revenues increased by 1.5 times compared to July and exceeded 1 billion rubles (€13.3m -$11.2m), achieving the highest monthly level this year. Its top line exceeded by 16 percent the average monthly revenues seen in the ...

  • Zara
    Article

    Inditex returns to profit in Q2

    2020-09-17T09:16:00Z

    Inditex , the Spanish group that owns the brands Zara , Pull Bear , Massimo Dutti , Bershka , Stradivarius , Oysho , Zara Home and Uterqüe , returned to a net profit of €214 million in the second quarter ended on July 31 compared with a ...

  • ANWR
    Article

    ANWR footwear revenues drop 19% in first seven months of the year

    2020-09-13T08:17:00Z

    In the first seven months of this year, the total business volume of the ANWR Group went up by 53 percent to €10.2 billion, driven by a 76 percent increase to €8.6 billion in financial services, but the buying groups of ANWR suffered a 10.7 percent decrease in their ...

  • tods 3
    Article

    Tod’s posts operating loss in H1, low visibility on future trend

    2020-09-09T17:03:00Z

    The Italian shoe maker Tod’s posted operating losses in the first half of 2020 due to the impact of lockdown and travel restrictions adopted to tackle the spread of the Covid-19 pandemic. It signaled that the start of the third quarter was better than the trend seen in the ...

  • Designer Shoe Warehouse
    Article

    ​Designer Brands sees challenging H2 as Q2 sales fall by 42.8%

    2020-09-07T08:53:00Z

    The American shoe retailer Designer Brands , formerly known as DSW , expects the Covid-19 pandemic will continue to have a significant impact on its business in the second half of 2020, with a double-digit decline in sales likely and a return to profitability seen as “challenging.” As consumer ...

  • genesco
    Article

    Genesco sees back-to-school selling season prolonged, holiday season to start early

    2020-09-07T05:58:00Z

    Genesco experienced a slowdown in its recovery in July because of an uptick in Covid-19 cases in the U.S. But it expects the back-to-school period to last until late September, or even later, and the holiday season, generally considered to run from late November to early January, to start ...

  • Shoe Carnival
    Article

    Shoe Carnival’s sales soar to record highs in Q2

    2020-09-02T09:49:00Z

    After a difficult first quarter, Shoe Carnival recorded a strong rebound in sales in the second fiscal quarter ended Aug. 1, led by e-commerce. The American footwear retailer reported record revenues that were up by 12.1 percent year-on-year to $300.8 million, exceeding the previous record set in the ...

  • Moscow Exchange
    Article

    Obuv Rossii parent launches capital hike to finance its development

    2020-08-25T10:05:00Z

    OR PJSC , the parent company of the Russian footwear group Obuv Rossii , is planning to place additional shares worth 2.8 billion rubles (€31.7m-$37.4m) to finance the group’s development. The company is offering 28,264,000 new ordinary shares, which corresponds to 24 percent of the previously placed ordinary shares. ...

  • Stella Luna
    Article

    Stella posts $9 million loss in H1

    2020-08-22T06:46:00Z

    Stella International posted a net loss of $9.3 million for the first half, against net income of $39.2 million last year, on revenues that dropped by 32 percent to $511.5 million. The gross margin fell by 1.4 percentage points to 16.6 percent, due to cancelled or delayed orders, as ...

  • Alibaba
    Article

    ​Alibaba’s core domestic business returns to pre-Covid levels

    2020-08-21T13:38:00Z

    The giant Chinese e-commerce company Alibaba said that its domestic core commerce business has ”fully recovered” to pre-Covid-19 levels during the first quarter ended on June 30. Revenues rose by 34 percent year-over-year to 153.8 billion yuan renmimbi (€18.8bn-$22.2bn) during the quarter, beating market expectations of RMB 148 ...

  • Yokono office
    Article

    Yokono expects to slightly increase in full-year sales

    2020-08-20T16:19:00Z

    Yokono , a Spanish footwear specializing in sandals, hopes to finish 2020 with a slight increase in sales despite a fall in revenues in the first half due to the impact of the coronavirus pandemic. Last year, the company, which is based in the footwear cluster of Elche, posted ...

  • Yue Yuen 3
    Article

    Yue Yuen posts a $136.7 million loss in H1

    2020-08-19T08:48:00Z

    Yue Yen Industrial Holdings was hard hit by China’s measures to contain the spread of coronavirus. The world’s largest shoe manufacturer posted a net loss of $136.7 million for the first half of 2020, against net income of $165.9 million for the year-ago period. The company managed to reduce ...

  • Farfetch
    Article

    Farfetch’s Q2 GMV surges and beats the company guidance

    2020-08-17T07:02:00Z

    The British fashion e-tailer Farfetch saw gross merchandise value (GMV) increase by 47.7 percent year-on-year in the second quarter to $721.3 million. GMV of its digital platform business rose by 34.4 percent to $651.0 million. Excluding the impact of changes in foreign exchange rates, the increase reached 39.2 percent. ...

  • Grendene
    Article

    Grendene’s sales tumble by 86% in Q2

    2020-08-14T15:32:00Z

    The downward spiral continued in the second quarter for Grendene , whose sales tumbled by 85.8 percent to 82.1 million reais (€13.0m-$15.3m), following several quarters of declining sales. The Brazilian group, which owns brands such as Ipanema and Melissa , sold 4.3 million pairs during the period, or 25.8 ...

  • Stuart Weitzman
    Article

    ​Stuart Weitzman’s Q4 sales plummet to $33 million

    2020-08-13T17:51:00Z

    In the fiscal fourth quarter ended on June 27, Stuart Weitzman posted net sales of $33 million, down from $85 million in the same period of the prior year, largely due to the impact of the Covid-19 pandemic. The brand, which is owned by the American group Tapestry ...

  • Zalando
    Article

    Zalando benefits from the lockdown as Q2 sales, profits surge

    2020-08-11T17:20:00Z

    Zalando ‘s net profit rose to €122.6 million in the second quarter from €45.5 million a year earlier as its client base expanded. The German online fashion retailer now serves 34.1 million active customers across Europe, up by 20.4 percent year-on-year. Gross merchandise volume (GMV) increased by 33.0 ...

  • Weyco - Florsheim
    Article

    Weyco ends Q2 with loss, sales tumble by 72%

    2020-08-06T12:19:00Z

    Weyco Group posted a net loss of $8.9 million in the second quarter, compared to net earnings of $1.5 million in last year’s corresponding quarter, on revenues that dropped by 72 percent to $16.7 million, hampered by store closures and lockdowns. During the past few months, the ...

  • Jimmy Choo logo
    Article

    Jimmy Choo Q1 sales down by 67.7%

    2020-08-06T07:43:00Z

    Jimmy Choo posted a 67.7 percent year-on-year decline in sales to $51 million in the first quarter ended on June 27 due to the impact of the Covid-19 pandemic. The operating loss was $29 million compared to an operating income of $11 million a year ago, resulting in a ...

  • Havaianas
    Article

    Alpargatas thrives abroad amid challenging context

    2020-08-05T14:22:00Z

    Despite the economic impact of the coronavirus pandemic, Alpargatas , the parent company of Havaianas and Osklen , managed to grow its revenues abroad in the second quarter. Overall sales declined by 19.6 percent to 680.5 million Brazilian reais (€108.6m-$128.6m), while the gross margin expanded by 2.1 percentage points ...

  • Geox breathes
    Article

    Geox sees gradual recovery after H1 sales drop by 39.0%

    2020-08-03T07:01:00Z

    Geox has reopened all its directly-operated stores (DOS) temporarily closed due to the Covid-19 pandemic and is seeing a gradual recovery in its performance after first half sales took a hit from store closures during lockdowns. Yet it cautions that uncertainties about the “still very much ongoing” pandemic make ...