Financial Results

  • CCC logo
    Article

    ​CCC online sales nearly match physical store sales in Q2

    2020-07-08T05:55:00Z

    In the second quarter, CCC , the international Polish-based shoe manufacturer and retailer, saw its online sales nearly match those posted by its physical stores due to the impact of the Covid-19 pandemic and the subsequent lockdowns. Nevertheless, the surge of the e-commerce business did not fully offset the slump ...

  • Sellpy logo
    Article

    H&M unit Sellpy launches in Germany

    2020-07-06T07:27:00Z

    Sellpy , the Swedish online second-hand retailing service owned at about 70 percent by H M , is being launched in Germany, marking its first move outside its domestic market. In a joint statement, the companies indicated that sustainable consumption and a circular textile economy are an integral part ...

  • Jimmy Choo logo
    Article

    Jimmy Choo impairment weighs on Capri’s Q4 results

    2020-07-04T16:03:00Z

    The U.S. fashion group Capri Holdings , that owns Jimmy Choo , Michael Kors and Versace , posted a net loss of $551 million in the fourth fiscal quarter ended on March 28 compared to a net income of $19 million in the prior year. The bottom line was ...

  • Shoe Zone logo
    Article

    Shoe Zone has reopened 416 stores out of 470

    2020-06-24T10:22:00Z

    The British footwear retailer Shoe Zone has reopened most of its store network, which is exiting the lockdown streamlined, as the company decided to permanently close 20 locations. Meanwhile, online sales were up by 32 percent in the fiscal first half.

  • Shoe-Carnival-Logo
    Article

    Shoe Carnival’s online sales soar

    2020-06-24T10:03:00Z

    After a difficult first quarter, Shoe Carnival is experiencing a strong rebound in sales, so much so that it has issued a business update. For this second fiscal quarter, which began on May 6, so far comparable store sales have surged by 28.1 percent from the same period ...

  • Article

    Designer Brands misses expectations in Q1

    2020-06-23T11:35:00Z

    The Covid-19 pandemic has taken its toll on Designer Brands , the American shoe retailing group previously called DSW . It recorded significantly lower sales and heavy losses for its first quarter ended on May 2 – both worse than analysts’ expectations - hampered by strong markdowns and store closures ...

  • Article

    Boohoo buys two brands, Oasis and Warehouse

    2020-06-18T07:00:00Z

    In the wake of its capital increase, that raised £197.7 million (€220.8m-$248.0m) in gross proceeds on May 15, the U.K. online fashion retailer Boohoo has bought two brands, Oasis and Warehouse , for £5.25 million (€5.9m-$6.6m) from Hilco Capital . The two brands will be integrated onto Boohoo’s platform, ...

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    Article

    Genesco ends first quarter deep in the red

    2020-06-16T11:31:00Z

    Genesco , the parent company of shoe retail chains such as Journeys and Johnston Murphy in the U.S. and Schuh in the U.K., faced a $79.3 million impairment charge in the first fiscal quarter ended on May 2, and ended with a net loss of $134.7 million, against ...

  • Zara-Symbol
    Article

    Zara’s parent wants 25% of sales online within 2 years

    2020-06-14T06:42:00Z

    Inditex , the Spanish group that owns the brands Zara , Pull Bear , Massimo Dutti , Bershka , Stradivarius , Oysho , Zara Home and Uterqüe , wants online sales to represent over 25 percent of the total by 2022, compared with 14 percent in 2019, ...

  • Caleres
    Article

    Caleres to accelerate store closures as e-commerce surges

    2020-06-08T11:21:00Z

    The Covid-19 pandemic has led to a dramatic surge in the importance of e-commerce in Caleres ’ sales, representing about a third of the company’s revenues in its fiscal first quarter, and prompting it to accelerate the closure of some 160 stores by the end of 2021.

  • Article

    Steve Madden posts $17.5m loss in Q1

    2020-05-30T09:20:00Z

    After a great year in 2019, Steve Madden was hit hard by the coronavirus pandemic and posted lower-than-expected results for the first quarter. The New York-based company recorded a net loss of $17.5 million, compared with a net income of $34.5 million for the year-ago quarter. Revenues decreased by ...

  • Deckers
    Article

    Ugg’s decline offset by Hoka One One and Teva at Deckers

    2020-05-22T11:57:00Z

    Despite headwinds from Covid-19, and a nearly 18 percent decline for Ugg , robust sales at Hoka One One  and Teva  helped limit the damage for Deckers Brands ’s revenues in its fourth fiscal quarter.

  • Shoe-Carnival-Logo
  • Article

    VF claims it can navigate through the Covid storm easily

    2020-05-15T19:50:00Z

    In releasing its financial results for the fourth quarter ended on March 31, the management of VF Corp. insisted that the company is in a better position than some of its competitors to navigate through the “storm” caused by the coronavirus pandemic for several reasons, including good liquidity, a ...

  • Article

    Another difficult quarter for Grendene

    2020-05-15T16:28:00Z

    After several quarters of declining sales, Grendene was starting to see the light at the end of the tunnel in the opening months of the year, but Covid-19 dashed its hopes. Results for the first quarter were disappointing for the Brazilian group, which owns brands such as Ipanema ...

  • Article

    Heavy losses for Yue Yuen

    2020-05-15T11:36:00Z

    As China struggled with the coronavirus outbreak early in the first quarter, Yue Yen Industrial Holdings was strongly impacted by government measures to contain the spread of the disease. The world’s largest shoe manufacturer posted a net loss of $56.3 million for the period, against net income of $75.5 ...

  • Article

    Tod’s very prudent as Q1 sales drop nearly 30%

    2020-05-14T11:58:00Z

    In the first quarter, Tod’s sales fell by 29.4 percent to €152.8 million due to the impact of the Covid-19 pandemic and the company’s “very prudent” delivery policy, both toward its stores and wholesale clients. At constant currency rates, revenues fell by 29.7 percent. All the group’s brands and geographies ...

  • Article

    Ferragamo sees strong signs of recovery in China, South Korea

    2020-05-13T18:47:00Z

    Salvatore Ferragamo  swung to a net loss in the first quarter of the year, but it has seen strong signs of recovery in sales in China and South Korea since early May.

  • Article

    Puma posts a 1.5% drop in Q1

    2020-05-12T05:49:00Z

    Doing better than some competitors, Puma reported sales declines of only 1.5 percent in euros and 1.3 percent in local currencies during the first quarter, leading to a 61.6 percent drop in net earnings to €36.2 million on sales of €1,299.8 million, although the company started the year with ...

  • Article

    Tapestry books huge impairment charges for Stuart Weitzman

    2020-05-02T14:44:00Z

    Tapestry , the parent company of Stuart Weitzman, Coach and Kate Spade , reported strong losses for its third fiscal quarter ended April 30. Net loss reached $677 million, against a net income of $117 million for the year-ago period. This is mainly due to impairment charges of $267 million ...