All Article articles – Page 122
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Weak results for Capri and Tapestry
The U.S.-based parent companies of Jimmy Choo and Stuart Weitzman have set out to become major luxury goods conglomerates like LVMH or Kering, but they have continued to disappoint investors with their latest quarterly results.Tapestry, where Victor Luis resigned as chief executive a few weeks ago, said it has decided ...
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Steve Madden’s momentum continues
Keeping up with a really good first half, Steve Madden managed again to exceed analysts' expectations on sales and earnings in the third quarter, thanks to a robust performance from the flagship Steve Madden and Blondo brands. Growth in Europe through the SM Europe joint-venture was also a highlight. The ...
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Crocs posts a stellar quarter
Thanks to a strong performance in America and globally from the wholesale channel, e-commerce and comparable store sales, Crocs' revenues for the third quarter jumped by 19.8 percent to $312.8 million, or by 21.0 percent on a constant-currency basis. This came despite the negative impact of store closures, which reduced ...
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Deckers raises guidance on Hoka’s strength
Deckers Brands, the parent of Ugg and other footwear brands, saw its net income progress by 5.0 percent to $77.8 million in its second fiscal quarter, ended on Sept. 30. Revenues rose by 8.0 percent to $542.2 million, or by 9.5 percent constant currencies, driven by gains at Ugg and ...
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Vans and The North Face drive VF’s results
Despite strong earnings and robust sales, VF Corp. posted results in the latest quarter that missed Wall Street's expectations. Total sales improved by 5 percent to $3,393 million for the company's second fiscal quarter ended on Sept. 30, or by 7 percent in constant currencies. Adjusted to exclude the spin-off ...
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Tod’s posts a lower-than-expected drop in sales
After a string of disappointing quarterly sales figures, Tod's beat market expectations by about €2 million in the third quarter, resulting in a top line of €677.7 million for the first nine months of the year. However, sales were down by 4.0 percent on a reported basis and down by ...
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Putting soles in the eco game
The rise in eco-consciousness is having an effect. An increasing number of people around the world simply don't want the products they buy to end up in landfills or incinerators, and they are voting for environmental changes with their wallets.In the footwear industry, one company feeling the pressure is the ...
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VF reshuffles EMEA functions
In a reshuffle of roles at VF Corporation's Swiss headquarters for Europe, the Middle East, and Africa (EMEA), the group has installed Mariano Alonso as the new managing director of Timberland for the region, effective from Nov. 1. He succeeds Timo Schmidt-Eisenhart, who will become the president of the group's ...
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Ferragamo reports some encouraging results
Salvatore Ferragamo posted a slowdown in sales and a worsening in operating margins in the third quarter, largely due to a negative trend in North America and a collapse in sales in Hong Kong stemming from the protests in the former British colony. But, operating earnings were higher than the ...
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Zalando is raising standards and fees
Zalando has taken a series of measures to make its delivery services more efficient, to increase revenues and profitability, and to reduce the environmental impact of its operations. One such measure is to terminate home pick-up for premium German customers who wish to return items.This service, which was part of ...
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Grendene improves its profitability
Thanks to several cost-cutting measures – including staff reductions – the parent company of Ipanema, Grendha, Rider and Melissa returned to profit growth in the latest quarter, after several months of declining earnings. The company also benefited from a one-off tax refund of 38 million reais (€8.3m-$9.2m). However, sales continued ...
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Zalando improves results
For the first time in its history, Zalando received more than a billion visits to its web stores in a single quarter, or a total of 1,000.3 million, up by 37.3 percent year-on-year from 728,700. The share of mobile visits was 84.8 percent. The number of active customers reached 29.5 ...
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Variable speeds in the luxury market
The demand for footwear will be one of the main drivers of growth in the luxury market over the next few years. According to the Luxury and Cosmetic Financial Factbook 2019, published by Ernst and Young (EY), sales of footwear will grow at a compound annual growth rate (CAGR) of ...
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Shoe Zone’s revenues progress
Shares in the British low-cost footwear retailer jumped by more than 8 percent after it reported a sales increase for the year ended on Oct. 5, 2019, while profits matched analysts' expectations.Revenues rose by 0.8 percent from the previous year to 161.9 million pounds (€187.5m-$207.8m), lifted by the retailer's new ...
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Topsports raises $1 billion in Hong Kong IPO
Topsports International Holdings, the sports retailing arm of Belle International, raised $1.01 billion in an initial public offering on the Hong Kong stock exchange. With more than 8,000 stores, the company claims to be the largest sporting goods retailer in China, with an estimated 15.9 percent share of the market. ...
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ArticleThe casual shoe market grows by 4.7%
This exclusive chart shows the sales development of the largest casual shoe companies (2019 to 2018). This is exclusive data and analysis for Professional Members.
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LVMH accelerates on environmental commitments
LVMH's ambition to further accelerate on environmental commitments and protect biodiversity was recently unveiled at a news conference, organized alongside an event for the group's Life (LVMH Initiatives for the Environment) environmental program. The event, entitled Future Life, took place at LVMH's headquarters in Paris on Sept. 25, and gathered ...
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VF wants Timberland to grow again, enlarging its target
Executives of VF Corp. have admitted that Timberland failed to live up to expectations in the last few years, growing at a very slow place, largely due to a slowdown in sales of iconic styles like the Yellow Boot and the rising popularity of athletic-inspired sneakers. VF had projected a ...
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Former CEO loses claim against Clarks
An employment tribunal in the British city of Bristol has ruled against Mike Shearwood in his dispute with C&J Clarks. Shearwood was the big British shoe company's chief executive from September 2016 to June 24, 2018, when its board moved unanimously to oust him. He was recently replaced by Giorgio ...
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Li & Fung strengthens its capital
Li & Fung has announced that its strategy to create the “supply chain of the future” has received an important boost. The Asian provider of supply chain solutions has completed a simultaneous bond tender offer and new bond offering that will strengthen its equity by $375.8 million, representing 50.1 percent ...
