All Article articles – Page 125
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Good results for Genesco, but Schuh is still struggling
Genesco's shares soared by 18 percent after the U.S.-based shoes retailing group announced profits for its second fiscal quarter, ended on Aug. 3, that largely exceeded analysts' expectations, leading it to raise its full-year outlook.The parent company of shoe retail companies such as Journeys and Johnston & Murphy in the ...
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An interactive store for Kastel sneakers in Oslo
Another former manager of Viking Outdoor Footwear, Andreas Malo Dyb, wanted to do something different, so he launched his own brand of sneakers, called Kastel, eight years ago, working for a while with a temporary showroom in a container. It was more of a relaunch: Kastel was actually born in ...
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Online trade may kill most Russian shoe retailers
Between 50 and 70 percent of the shoe retailers operating in Russia may be pushed out of business during the next several years due to the rising competition with non-Russian online stores and some upcoming legislative changes, according to Anton Popov, general director of a major Russian shoe retailer, Zenden.It ...
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Micam will open this Sunday with some newcomers
For its 88th edition, on Sept. 15-18, the Milanese trade show will remain the biggest shoe show in the world, hosting 1,303 exhibitors, including 695 Italians and 608 foreigners. This edition will mark the return of brands such as NeroGiardini, Alberto Guardiani and Nine West as well as the first ...
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Vulcabras recovers
After a weak first quarter, Vulcabras enjoyed a 16.5 percent increase in total revenues to 327.0 million Brazilian reais (€71.0m-$78.7m) in the second one, with gains of 12.3 percent in athletic footwear to R$ 239.4 million (€52.0m-$57.6m) and 14.4 percent in women's shoes to R$ 47.0 million (€10.2m-$11.3m). The company's footwear business ...
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Deckers narrows loss, sales up by 10%
Deckers Brands, the parent of Ugg and other footwear brands, managed to reduce its net losses significantly in its first fiscal quarter ended June 30, down to $19.3 million, as compared to $30.4 million for the year-ago quarter. Revenues climbed by 10.5 percent to $276.9 million, or by 11.6 percent ...
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Wolverine banks on H2
Wolverine Worldwide posted lower-than-expected sales in the second quarter ended on June 29, but its profitability slightly exceeded forecasts. The management largely confirmed its previous projections for the full financial year, predicting a strong second half, with a 5.5 percent currency-neutral increase driven by gains of nearly 10 percent for ...
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Strong growth for Crocs in Q2
Led by a robust performance in the wholesale channel, e-commerce and comparable store sales, Crocs' revenues reached $358.9 million in the second quarter, growing by 9.4 percent from the second quarter of 2018, or by 12.5 percent on a constant-currency basis. This came despite the negative impact of store closures ...
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Steve Madden clinches two acquisitions, China woes continue
Earlier this month, shortly before the release of its latest financial results, Steve Madden announced the acquisition of two U.S. companies, Greats Brands and BB Dakota, widening its portfolio of shoe and women's wear brands.Greats Brands adds Italian-made sneakers to Madden's expansive footwear range, while BB Dakota beefs up the ...
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VF raises its guidance after a good quarter
Thanks to a better-than-expected performance posted by Vans and The North Face, VF saw its reported revenues improve by 6 percent to $2,271 million for the fiscal first quarter ended on June 30. Adjusted to exclude the spin-off of its lower-margin Kontoor jeans business, the acquisition of Altra and Icebreaker, ...
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Aldo has a new licensing division
The Aldo Group of Montreal has unveiled two licensing deals: one with Rachel Zoe, the Los Angeles-based designer, and the other with Who What Wear, an e-newsletter and blog that has expanded from social media into apparel.Zoe, who boasts about three million followers on Instagram, had a previous licensing deal with ...
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Alibaba pulls a strong quarter despite the ongoing trade war
Supported by growth in e-commerce and cloud computing, Alibaba Group Holding's revenues for its first fiscal quarter ended on June 30 topped analysts' expectations. This came despite the difficult trade environment caused by the ongoing U.S.-China dispute, as well as an increasingly competitive e-commerce industry.The Chinese e-tailer's sales increased by ...
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Assocalzaturifici announces new board roles
Assocalzaturifici, Italy's shoe industry association, has announced new roles on its executive board, following the election of Siro Badon as chairman of the organization earlier this year, previously reported in Shoe Intelligence (Vol. 21 n°7,8 of 18/04/2019). Badon's tenure, which will run through 2023, started at the recent annual meeting ...
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Skechers’ “global lens” approach pays off
Skechers posted another strong quarter, thanks to the ongoing impact of rapidly rising sales outside the U.S. After recording more than $1 billion in revenues both in the fourth quarter of 2018 and the first quarter of 2019, the company ended up again with record sales in the second quarter. ...
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Zalando improves, Asos does not
Zalando, a fashion-oriented retailer that is making a big push into the sports apparel and footwear market with its marketplace, reported a 20.1 percent increase in revenues to €1,597.3 million for the second quarter of this year. Including its marketplace, the gross merchandise volume (GMV) rose by 23.7 percent to ...
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BasicNet posts double-digit revenues and higher profits
BasicNet, the owner of Kappa, Superga, Sebago, K-Way and other brands, closed the first half of 2019 with consolidated revenues up by 48.6 percent at current exchange rates, and up by 47.9 percent at constant exchange rates, reaching a level of €137.8 million. Consolidated revenues were boosted by the addition ...
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New Birkenstock stores in London and California
Birkenstock opened two new mono-brand stores in London on Aug. 15. Both stores were designed with the recently introduced new Birkenstock store concept. One Birkenstock store is located in the Westfield Shopping Center outside the city of London and the other one on the well-known Carnaby Street.The latter one offers ...
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Bogs and Florsheim keep Weyco stable
In line with the past two quarters, Bogs' sales continued to rise at a steady pace in the second quarter, jumping by 48 percent, with sales volume increases across most major distribution channels.The Weyco Group, the parent company, said this large increase reflects the momentum in the Bogs business, as ...
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A new Danish crowd-funded brand of vegan sneakers
Elliot footwear is a new label that has just launched its first collection of unisex vegan and “climate-positive” sneakers (sizes 36-46), at the moment available directly to the public exclusively through a crowd-funding platform, IndieGoGo. The range is designed in Copenhagen and made in Vietnam through a Spanish agent.The line ...
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Rocky Brands tops expectations
Rocky Brands saw its net income for the second quarter soar by 23.1 percent to $3.2 million on revenues that went up by 6.4 percent to $62 million, both exceeding analysts' forecasts.Sales increased in all three of the company's segments, including a 20-plus percent growth in the retail division, lifted ...
