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  • S21_AtlantaGreen_PDT
    Article

    Timberland launches first products made from Haitian community cotton

    2021-05-07T15:15:00Z

    Following a joint effort between Timberland and the local Smallholder Farmers Alliance ( SFA ), the reintroduction of cotton farming in Haiti has created a new cotton supply chain designed to bring social and environmental benefits to Haitian farming communities. Timberland first partnered with the SFA in 2010 to ...

  • Zalando
    Article

    Zalando lifts FY guidance after sales jump by 47%

    2021-05-07T15:04:00Z

    Zalando once again hiked its sales and profit forecasts for 2021 after its revenues jumped in the first quarter by 46.8 percent to €2,238 million, marking the company’s strongest growth since it went public in 2014. To keep up with the pace of expected future growth, the fashion-oriented ...

  • Stuart Weitzman
    Article

    Stuart Weitzman significantly reduces its losses

    2021-05-07T15:01:00Z

    In the fiscal third quarter ended on March 27, Stuart Weitzman managed to significantly cut its operating losses thanks to higher revenues and a reduction in expenses. The brand, which is owned by the American group Tapestry , posted net sales of $57 million for the quarter compared ...

  • Rocky Brands
    Article

    Rocky Brands reports higher Q1 revenues, net income

    2021-05-06T16:10:00Z

    U.S.-based footwear and apparel maker Rocky Brands reported soaring first-quarter revenues and net income on the back of strong demand from its wholesale and direct-to-consumer channels. The company said revenues for the three months to March 31 rose by 57.3 percent to $87.7 million. Wholesale segment sales increased by ...

  • boohoo logo
    Article

    Boohoo cautious on post-pandemic trade after profit surge

    2021-05-05T16:51:00Z

    The British fast-fashion e-tailer Boohoo reported annual profits up by more than a third but warned that revenue growth will be weaker and returns will increase in the current fiscal year as the economy returns to normal after the disruption caused by the Covid-19 pandemic. Pre-tax profit for ...

  • alpargatas logo
    Article

    Alpargatas posts 33% jump in Q1 sales

    2021-05-05T16:51:00Z

    Alpargatas , the parent company of Havaianas and Osklen , saw first quarter sales rise by 32.7 percent to 901.3 million Brazilian reais (€137.9m-$165.5m), posting its best first quarter in a decade as growth accelerated both domestically and abroad following the continued easing of Covid-19 lockdown measures. Gross ...

  • 2000px-Timberland-Logo.svg Kopie
    Article

    Timberland to create a regenerative rubber supply chain for footwear

    2021-05-03T13:06:00Z

    Timberland , along with parent company VF Corp. and sister brands Vans and The North Face , is partnering with Terra Genesis International in Thailand to build the footwear industry’s first regenerative rubber supply system. Timberland plans to pilot its first regenerative rubber footwear in 2023. ...

  • tom-podmore-SaW5DBItJHI-unsplash
    Article

    Camper, Mascaró seek EU funds for new production model

    2021-05-03T05:54:00Z

    The Mallorca-based footwear company Camper and the consultancy FI Group are leading a consortium which has presented to the Spanish government an expression of interest to obtain European funds to create a new production model integrating elements of the circular economy, such as recycling materials, and targeting the ...

  • gortz
    Article

    Görtz granted €28 million federal loan to weather Covid impact

    2021-05-02T12:29:00Z

    The German footwear chain Görtz received a €28 million loan from the German federal government’s Economic Stabilization Fund (WSF) to weather the impact of the coronavirus crisis. The company’s funding request was approved in April, according to the ministry of economics. The ailing Hamburg-based firm was granted the ...

  • Grendene
    Article

    Grendene posts strong Q1 but warns about Covid, raw material shortage

    2021-05-02T12:29:00Z

    In the first quarter of 2021, when it celebrated its 50th anniversary, the Brazilian shoe maker Grendene beat its own expectations by posting gross revenues of 644.3 million reais (€98.5m-$118.4m), up by 43.0 percent year-on-year, and selling 35.4 million pairs of shoes, up by 36.2 percent. Net revenues jumped ...

  • steve madden logo
    Article

    Steve Madden beats its own expectations in Q1

    2021-04-30T07:47:00Z

    Steve Madden beat its own expectations in the first quarter of 2021 with revenues increasing by 0.5 percent to $361.0 million and a net income of $21.2 million, or $0.26 per diluted share, compared to net loss of $17.5 million, or $0.22 per diluted share, a year earlier. ...

  • crocs
    Article

    Crocs ups guidance after rising by over 60% in Q1

    2021-04-29T15:10:00Z

    Raising its guidance for the full financial year after a very strong first quarter, Crocs predicted that its revenues will grow by between 40 and 50 percent in 2021 from last year’s level of $1,386 million, up from its previous forecast of 20-25 percent growth. Posting the third ...

  • leon-Oalh2MojUuk-unsplash
    Article

    Italian footwear companies need to integrate more managerial skills

    2021-04-26T15:55:00Z

    In the coming months, with the easing of lockdowns and reopening of economies, companies will be focusing on the relaunch of their businesses. But, they will also be facing a deeper organizational and structural transformation driven by digitalization, a culture of sustainable growth, an increased emphasis on a product’s narrative ...

  • Stella
    Article

    Stella bounces back in Q1

    2021-04-26T10:04:00Z

    In a business update, Stella International said revenues for the first quarter increased by 15.3 percent to $303.4 million. This is mainly due to a favorable comparison base with last year’s first quarter, when the Chinese company’s revenues were affected by store and factory closures, as well as lower ...

  • eu uk deal footwear world
    Article

    World Footwear helps shoemakers to deal with Brexit

    2021-04-26T08:21:00Z

    The Portuguese shoe industry association, Apiccaps , has posted a useful guide on the website of World Footwear with practical checklists for shoe exporters and importers on how to deal with the new trade agreement between the U.K. and the European Union. It also organized a few days ...

  • vans logo
    Article

    Vans sets sustainability targets for 2030

    2021-04-25T08:32:00Z

    Vans , a leading brand of the American group VF Corp. , has announced a range of sustainability goals that it intends to achieve by 2030. The brand is committing to making 100 percent of its core materials – rubber, cotton, leather, and polyester – regenerative, responsibly sourced, renewable or ...

  • Skechers_Logo
    Article

    Skechers is boosted by international wholesale and digital

    2021-04-25T08:22:00Z

    Lifted by robust international demand, Skechers ’ revenues jumped by 15.0 percent in the first quarter to a record level of $1,428.4 million, as compared to a year ago. Sales outside of the U.S. soared by 20.2 percent to represent 58 percent of the total turnover. In particular, the ...

  • tods-logo again
    Article

    LVMH hikes stake in Tod’s to 10% and triggers takeover speculation

    2021-04-25T08:07:00Z

    Tod’s’ shares rose by 11.39 percent to €39.32 in trading on the Milan exchange on April 23 after the announcement that LVMH would increase its stake in the Italian footwear company to 10.0 percent, a move analysts believe could be a prelude to an eventual acquisition. Tod’s’ chairman ...

  • Moscow - Nikita Karimov - Unsplash
    Article

    Russian shoe sales remain weak except in main cities

    2021-04-23T16:32:00Z

    In March, demand for shoes in Russia was estimated 15 percent lower in volume than during the same period of the previous year, according to a research conducted by the Russian IT firm Evotor . The decline can be partially attributed to a price increase caused by the depreciation ...

  • informa-markets-logo-vector
    Article

    Trade fair organizer says demand for physical events remains strong

    2021-04-23T15:06:00Z

    Informa , a British provider of information services, advanced learning, B2B exhibitions and events, said that demand for physical events “remains strong” and it expects the sector to resume growing from next year after having being hit by Covid-19-related restrictions. Informa’s unit Informa Markets is involved in numerous trade ...