All Article articles – Page 117
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Zeis Excelsa wants to become a platform for Italian brands
Zeis Excelsa, an Italian firm based in Montegranaro, in the Marche region, is aiming to grow by an annual average of 25 percent over the next three years to 2022 by becoming a platform for Italian footwear brands. As a former president of Anci, the Italian shoe industry association now ...
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Non-athletic footwear helped Shoe Carnival to a good year-end
After a sluggish first half of its last financial year, the low-priced American shoe retailer saw revenues accelerate in the second half. Sales for its fourth fiscal quarter, ended on Feb.1, increased by 2.2 percent from the year-ago quarter to $239.8 million. Comparable store sales jumped by 3.2 percent.
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Cleto Sagripanti has new plans
Cleto Sagripanti, the former president of the Italian shoe industry association (Assocalzaturifici) and the Confederation of the European Footwear Industry (CEC), has set up his own consultancy following the liquidation of his shoe company near Venice, called Be71. Using his contacts with thousands of buyers, shoe designers and agents/distributors, he ...
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German suppliers and retailers cooperate in the Covid-19 crisis
The German shoe industry association, HDS/L, is working on a special program for retailers together with the BDSE, the federal association of shoe retailers, according to Schuhkurier. Each brand or manufacturer should define the shoe models from the current, already delivered, spring/summer collection whose sale will be postponed for the ...
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Zalando issues a profit warning, offers to help stores
Zalando has warned that its first-quarter results will not meet market expectations because of the impact of Covid-19. Meanwhile, the company is offering to waive commissions for participation in its Connected Retail program to German and Dutch retailers until May 31. The company will also postpone its annual general meeting, ...
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André hit by coronavirus
The once flourishing André chain of urban shoe shops, which has been struggling for several years, has been placed in insolvency proceedings, protecting it from its creditors. The lockdown of its 120 stores on March 16 because of the coronavirus outbreak was the final straw, as it lost nearly €4 ...
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Expo Riva Schuh and other shows are cancelled or postponed
Riva del Garda Fierecongressi has cancelled the upcoming editions of Expo Riva Schuh and Gardabags, both of which shows it organizes, because of the Covid-19 pandemic. They were scheduled for June 13-16 in Riva del Garda, Italy. In consultation with local and international exhibitors, visitors and stakeholders, it is considering ...
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Geox sees 20% drop in DOS sales during Q1
Geox expects sales of its directly-operated stores (DOS) to have declined by 20 percent in the first quarter because of the impact of Covid-19. In the 12 weeks to March 22, comparable sales for DOS dropped by nearly 15 percent because of store closures, first in Italy and then throughout ...
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Misaf to hold 2nd edition in June with focus on design, innovation
Misaf, which stands for Milan shoes and accessories fair, plans to hold its second edition from June 10 to June 12, just before Expo Riva Schuh, scheduled for June 13-16. Expo Riva Schuh is held in the Italian town of Riva del Garda and is the world’s leading shoe fair ...
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Wildberries’ sales nearly double
In 2019, Russia’s biggest online retailer, Wildberries, expanded its revenue by 88 percent as compared to the previous year to 223.5bn rubles (€3.22bn- $3.54), the company said in a statement. The growth accelerated in December, when the turnover was 96 percent higher than in December 2018, with its website was ...
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Disappointing results for Grendene
The last quarter was a difficult one for Grendene, with revenues and profits that did not match expectations. The Brazilian group – which owns brands such as Ipanema and Melissa – sold 49 million pairs during the period, or 6.6 million fewer than in the year-earlier quarter. Gross revenues ...
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VF lowers its outlook
In releasing its results for its third quarter ended on Dec. 28, VF Corporation said its business in the financial year so far has performed at the high end of its group’s long-term growth objectives, but the management admitted that it will not be able to meet the targets it ...
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A good quarter at Ugg’s parent company and new plans in Europe
Deckers Brands, the parent of Ugg and other footwear brands, recorded good sales and earnings in the third quarter ended on Dec.31, once again boosted by Hoka One One, which is now selling fewer shoes in the U.S. than in the rest of the world. The group’s total revenues ...
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Skechers invests in omni-channel
In reporting a strong 23.1 percent increase in overall revenues to $1,330 million for the fourth quarter of 2019, Skechers’ management revealed that it is developing a new omni-channel retailing platform where its brick-and-mortar stores will be more integrated with its e-commerce operations. Online sales still represent less than ...
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Jimmy Choo inches up
Jimmy Choo is not growing as fast as before. Its parent company, Capri Holdings, said that Jimmy Choo booked sales of $165 million in the fiscal third quarter ended on Dec. 28, up by 1.9 percent both in current and constant currency rates. On a currency-neutral basis, global comparable store ...
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Stuart Weitzman continues to decline
Tapestry said that Stuart Weitzman’s sales fell by 7 percent to $116 million in the fiscal second quarter ended on Dec. 28. At constant currency rates, the decline narrowed to 6 percent. This came after declines of 9 and 8 percent for the footwear brand in the first quarter. ...
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Another CEO for Stuart Weitzman
Eraldo Poletto will quit on March 1 as chief executive and brand president of Stuart Weitzman, the American footwear company owned by the Tapestry group, to be replaced by Giorgio Sarné. The group, formerly called Coach, acquired Stuart Weitzman in 2015 for more than $530 million, but it has had ...
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Record operating margin of 30.1% for Kering
Kering grew a little faster than LVMH in 2019, rising by 16.2 percent to €15.88 billion, with a growth of 13.3 percent on a comparable basis. The group’s operating income (Ebit) went up by 19.6 percent to €4.78 billion, resulting in a record margin of 30.1 percent and breaking the ...
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LVMH grows by 15%
The world’s largest luxury goods group is going from strength to strength. A 20 percent increase to €22.2 or €18.4 billion for the revenues of its Leathergoods and Fashion division, which includes market stars like Louis Vuitton and Christian Dior, helped LVMH to post an overall sales increase of 15 ...
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Ferragamo posts 2.3% higher sales in 2019 r
In contrast to Tod’s, which has been purposely reducing its exposure to wholesale clients (see the related story in this issue), Salvatore Ferragamo performed better at wholesale than in its own retail stores last year, except in Europe and China. Without providing profit figures at this stage, the Italian ...
