All Article articles – Page 126
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Brazil exports more footwear to the U.S.
Brazil shipped some 58.3 million pairs of shoes, worth $480.7 million, in the first half of 2019, according to the Brazilian footwear-industry association, Abicalçados. Compared with the same period of 2018, this represents an increase in volume of 5.3 percent, but a decrease in value of 1.3 percent.In June, the ...
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A new head for the Brazilian shoe industry
Haroldo Ferreira has become the new executive president of Abicalçados, Brazil's association of footwear manufacturers. The 52-year-old manager has been dealing with Abicalçados for some time as president of the Union of Footwear Companies in Brazil's state of Bahia. He was offered the post late last year by Rosnei Alfredo da ...
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Still losing money, Farfetch buys Off-White
The management of the leading internet platform for the luxury goods industry insisted that it was confident about making a profit in the long term after releasing poor results for its second quarter, and meanwhile, it made another interesting acquisition. However, some investors seemed to lose patience as the company's ...
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Geox posts weak results, issues cautious guidance
Geox reported first-half sales of €399.4 million, down by 3.5 percent in euros and by 3.6 percent at constant exchange rates, missing market expectations by nearly €5 million and driving the company into a small net loss. The management blamed poor weather in April and May, which delayed the start ...
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Ecco takes over part of its distribution in China
Ecco has split the distribution of its products in China into three regions, Shanghai, Beijing and the rest of China. In the first five months of this year, Ecco took back its distribution in Shanghai by setting up an office that will have direct control over the distribution in the ...
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Havaianas goes direct in Greece and China
Alpargatas, the Brazilian-based parent company of Havaianas, has pulled off a very strong quarter, lifted by both domestic and international sales. Its net income rocketed by 73.0 percent to 31.6 million reais (€7.0m-$7.8m) for the second quarter of 2019. The management said this expansion reflects efforts to widen the focus to ...
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Jimmy Choo disappoints
Capri Holdings, the American group previously known as Michael Kors, saw revenues for its first fiscal quarter ended June 29 rise by 11.9 percent to $1,346 million, following the consolidation of the Versace business. However, a previous buy, Jimmy Choo, had a relatively weak performance. On a constant-currency basis, group ...
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Global footwear trade continues to rise
Exports and imports of footwear continued to grow for the second consecutive year in 2018, reaching an all-time record of $142 billion in terms of value, with an increase of 4.3 percent from the previous year. However, they were up by only 0.8 percent in terms of volume and still ...
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Tod’s continues to disappoint
Quarter after quarter, Tod's continues releasing disappointing results, this time missing market expectations for its revenues by about €7 million in the second quarter. As one financial analyst harshly put it, the best news about Tod's first-half results is that they are “behind us,” while there is still “no light ...
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Katag and Modehaus.de cooperate with Zalando
Katag, one of the major European voluntary groups in the fashion apparel sector, and Modehaus.de, the German-based voluntary group for fashion department stores, have recently signed a cooperation agreement with Zalando. Katag and Modehaus.de will now be part of Zalando's so-called “Connected Retail” program, which links members' respective inventories for better ...
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Ferragamo’s revenues rise, margins decline
Salvatore Ferragamo posted revenues of €704.9 million in the first half of 2019, up by a reported 4.6 percent and by 4.4 percent at constant currency rates. The growth accelerated slightly in the second quarter to reach 4.9 percent in euros and 4.5 percent in local currencies, beating market expectations ...
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The German shoe market declines in volume
According to a study conducted by the Institute for Retail Research (IFH) in Cologne together with the BBE, the German consultancy for the retail industry, the German shoe market did not increase in volume from 2017 to 2018.The volume had increased each year since 2012 by an average of 0.7 ...
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Dr. Martens is still going strong
Driven by Europe and the Americas, Dr. Martens posted a 30 percent increase in sales to £454.4 million (€497.6m-$551.6m) for the financial year ended March 31. Given the ongoing momentum, the Permira investment fund, which took over the business in 2014, is reportedly unlikely to cash out in the immediate future. Kenny ...
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India exports more non-leather footwear
India's exports of leather, leather products and non-leather footwear fell by 0.87 percent to $5.691 billion in the fiscal year running from April 2018 to March 2019. In rupees, exports rose by 7.54 percent. Footwear represented 51.09 percent of exports, according to the latest data released by the country's Council ...
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Grendene’s exports keep falling
After several quarters of disappointing international sales, the latest quarter was no different for Grendene. Its revenues out of Brazil for the second quarter declined by 23.7 percent from the year-ago period to 127.9 million Brazilian reais (€28.7m-$32.2m). In terms of volume, shipments abroad declined by 34.6 percent to 5.4 ...
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Ukraine exports shoes made of hemp
A Ukrainian shoe manufacturer, Hanftek, has started exporting footwear made of hemp to Spain, Slovakia, Germany and Italy and is currently considering exporting to the U.S., Denis Burdeiny, brand manager of Hanftek told a local news agency, Shotam.Hanftek is growing hemp on 100 hectares of agricultural land in the Poltava ...
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Prada posts flattish sales
The Prada Group posted sales of €1,570 million in the first half, up by 2 percent on a reported basis but flat in constant currencies. They were in line with market expectations after a year in which the group managed to increase sales after four years of decline, thanks to ...
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Good results for Yue Yuen
Yue Yuen Industrial Holdings reported a 6.3 percent increase in sales to $5,070.7 million for the first half of the year, driven by a double-digit increase in retail revenues, with footwear manufacturing performing better than before. The Chinese company's net income jumped by 10.5 percent from the year-ago period to ...
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The Footwearists keep on teaching
On Sept. 2, the Footwearists, the “nomadic” platform for training in footwear design run by Nicoline van Enter, will begin offering several online and offline training courses on sustainable materials and new manufacturing technologies, including 3D design. Registration for the courses is still open on the home page of its ...
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Stuart Weitzman stands out at Tapestry
Shares in Tapestry, the parent company of several brands, such as Kate Spade and Stuart Weitzman, plummeted by more than 20 percent after the company reported sluggish growth for its fourth quarter ended on June 30, and issued a disappointing guidance for the first quarter of the new financial year.However, ...
