All Article articles – Page 121
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A new kid’s group from Denmark
Two Danish children's fashion companies, Brands4Kids and the Utoft Kids Group, will merge on Jan. 1, 2020, under the name Brands4Kids. Their combination will create one of Scandinavia's largest kid's clothing companies, with a strong presence also in the footwear sector.Both businesses are doing well and growing. The merger follows ...
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Former DSW posts weaker-than-expected results
Designer Brands, the American shoe retailing group previously called DSW, struggled in its third fiscal quarter ended on Nov. 2. Retail sales declined and same-store sales inched up by only 0.3 percent, compared with a gain of 7.3 percent for the year ago-quarter.In reported terms, net income increased by 11.0 ...
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Ecco expands in India and Russia
Ecco has reported on the opening of its first three mono-brand stores in India, positioning itself as a brand of premium-quality products after a careful analysis of the market. They will be managed by its joint venture in the country.The first one was inaugurated on Nov. 8 at Delhi's Gurgaon ...
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Strong profits and online sales send Genesco’s shares up
Higher gross margins at each of the group's divisions helped Genesco achieve a net income gain of 31.4 percent for the third quarter to $18.9 million. However, the American shoe retailing group's total revenues were down slightly by 0.5 percent to $537.2 million. The company benefited from an improved performance ...
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The Russian shoe market goes online
The overall sales on the Russian markets for shoes, clothes and accessories in 2018 remained unchanged as compared to the previous level at 2.36 trillion rubles (€34.0bn-$37.8bn), a marketing study conducted by the Russian analytical agency Fashion Research Group showed. On the other hand, online sales of these products jumped ...
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Salamander shrinks its Russian sales network
Salamander has closed two stores in St. Petersburg, which is believed to be a part of a bigger trend as street retail has been seen gradually losing its popularity in Russia. Salamander is traditionally perceived as a premium footwear retailer in Russia, selling shoes from the upper price segment.Salamander runs ...
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Sweden’s VRG is restructuring
The Venue Retail Group (VRG), the Swedish shoe retailing group that operates 115 stores in Sweden and Norway under the Accent, Morris and Rizzo banners, applied for insolvency proceedings and obtained it on Nov. 20. Further store closures and staff reductions are expected.VRG, which was previously called Wedins, is also ...
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Spanish shoe exports drop by 2%
Without putting out a press release, the Spanish shoe industry association, Fice, has informed us that the country's total exports of footwear declined by 2 percent to €1,364.3 million in the first six months of this year.Imanol Martinez, Fice's director of marketing and international business development, blamed Brexit, the trade ...
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Sales decline by 4.9% at Geox
Geox faced a complex environment in the first nine months of the year. While the retail sector has undergone digitalization in response to changing consumer behavior, geopolitical tensions like Brexit have taken a toll on the company's business performance. For these reasons, and in view of the implementation of various ...
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Alibaba’s revenues jump by 40%
The giant Chinese e-tailer seems to be immune to the difficult economic environment caused by the ongoing U.S.-China dispute, the demonstrations in Hong Kong and an increasingly competitive e-commerce industry. Supported by growth in e-commerce and cloud computing, Alibaba Group Holding’s revenues for its second fiscal quarter ended on Sept. ...
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Italian shoe exports rise by 7%
Italian shoe exports rose by 7.1 percent in value to €5.081 billion in the first six months of 2019, while falling by 0.9 percent in terms of volume to 106.9 million pairs, according to the Italian shoe industry association, Assocalzaturifici. The average price increased by 8.2 percent to €47.55 a ...
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NeroGiardini crosses the Atlantic again
NeroGiardini, the Italian footwear brand owned by B.A.G., is entering the North American market under the supervision of Alessandro Bracalente, the 31-year-old son of the company's founder, Enrico Brancalente.The company has created a subsidiary in Canada, opening a showroom in Toronto. Meanwhile, NeroGiardini has hired two agents to cover the ...
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New records for Alibaba’s Singles Day
The gross merchandise value (GMV) generated by Alibaba's 11th Singles Day hit a record of 268.4 billion yuan renmimbi (€34.7bn-$38.3bn), eclipsing last year's score by 26 percent, thanks in part to a longer pre-sales period, a larger assortment of discounted products, the extension of the festival to new markets outside ...
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Strong gains at Alpargatas
The new owners of Alpargatas moved its head office to less expensive premises in São Paulo with a more collaborative layout during the month of August. Alpargatas also opened a new distribution center in the state of Minas Gerais that is supposed to improve the integration of the online and ...
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Basicnet posts double-digit revenue growth
Basicnet, the owner of Kappa, Superga, Sebago, K-Way and other brands, posted aggregate sales of €777.6 million in the first nine months of 2019, representing a strong 22.8 percent increase at current exchange rates as compared to the same period of 2018, and an increase of 18.7 percent at constant ...
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Big French luxury groups are still going strong
Like LVMH, whose strong results were published in our last issue, Kering and Hermès performed well in the third quarter of this year. Kering's total revenues jumped by 14.2 percent to €3,885 million during the period, with growth of 11.6 percent on a comparable basis.Sales grew by 17 percent in ...
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Bonvita restructures
In an effort to reduce complexity and increase its focus, Bonvita has undergone some organizational changes in the past year. The Danish company is the distributor of Merrell shoes in Denmark and Wolverine boots in the Nordic countries. It also own two local brands of men's comfort shoes, Ambré and ...
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Good results for Wolverine’s main brands
Wolverine Worldwide's three biggest brands – Merrell, Sperry and Saucony – posted a combined 11.5 percent increase in constant currencies during the third quarter ended on Sept. 28. Revenues rose by only 2.8 percent to $574.3 million across the group's entire portfolio of 12 footwear brands, with growth of 3.6 ...
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Burning cash, Farfetch continues to expand
The net losses of Farfetch increased by 10.6 percent to $85.5 million in the quarter ended on Sept. 30, but they were lower than analysts had expected. The gross margin declined by five full percentage points to 50.1 percent. The adjusted Ebitda margin remained negative, but it declined to 15.6 ...
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Skechers’ foreign business drives double-digit gains
Thanks to its strategy of viewing its business through a “global lens,” with many key product styles being introduced at the same time around the world, Skechers has pulled off another strong quarter.Sales for the three months ended on Sept. 30 were 15.1 percent higher than in the period year ...
