All Article articles – Page 129
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Deckers is doing well
Deckers Brands, the parent of Ugg and other footwear brands, broke the $2 billion milestone in the financial year ended March 31 as its total revenues went up by 6 percent to $2,020 million. The gross margin improved by 2.5 percentage points to 51.5 percent and the group's comprehensive ...
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Sneakers are in high demand in Germany, and online is strong
German customers bought sneakers for a value of €592 million in 2018, according to a “Sector Report Shoes 2019” released by Marketmedia24 and Noceanz. They spent more on women's sandals, for a total of €610 million.On the other hand, sneakers were the most desired items for German women, with a ...
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A promising but difficult market
The prospects are very good, considering also the fact that India is likely to overtake China as the most populous nation in the world by 2024 with 1.45 billion people, according to the United Nations, in spite of declining fertility rates.Despite its rosy prospects, the Indian market still has its ...
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President Trump’s special diplomacy shakes up the footwear market
American shoemakers are reassessing their sourcing strategies while U.S. President Donald Trump continues to play hardball with the Chinese government, threatening to raise import duties by a further 25 percent on a number products, including footwear, by Aug. 1. If that happens, duties paid on shoe imports into the U.S. ...
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Group results indicate a turnaround
On the other hand, Genesco reported net income of $6.3 million for the quarter, compared with a net loss of $2.3 million in the corresponding quarter of last year. The company's operating margin (Ebit) improved by 1.1 percentage points to 1.8 percent, while revenues rose by 2.0 percent to $495.6 ...
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U.S. removes India and Turkey from GSP trade program
The U.S. government has pulled India and Turkey out of its Generalized System of Preferences (GSP) scheme, which allows thousands of products to be imported into the U.S. without duties. The U.S. is currently reviewing GSP benefits for Indonesia and Thailand.GSP eligibility ended on June 5 for India and on ...
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Hunter swings to a profit
Hunter Boot recorded total sales of £113.8 million (€128.6m-$144.9m) last year, representing an increase of 9 percent as compared to the previous year. According to the British company, the growth was primarily driven by increases of 13 percent both in the U.S. and in the Asia-Pacific region.Hunter took direct control ...
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Turkey will be less penalized
Experts predict that the Turkish leather industry could reach exports of between $1.7 billion and $1.8 billion this year, compared with a range of between $1.5 billion and $1.6 billion in the last four years, based on the figures available for the first four months of 2019. They amounted to ...
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Sneakers: a never-ending story
Claudia Schulz, a well-known German fashion expert who enjoys a strong reputation in the footwear market beyond the national borders, feels that the strong sneaker trend is here to stay, although WSGN recently indicated at the Micam trade show that sales of “trainers” seem to have reached a peak in ...
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Pressure on profits for Yue Yuen
Profit margins continued to be under pressure for the world's largest shoe manufacturer, which is also a major distributor and retailer in China. Yue Yuen Industrial's total revenues increased by 8.4 percent in the first three months of this year to (U.S.) $2.48 billion, but the attributable net profit declined ...
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Ferragamo posts encouraging Q1 results
After its previous weakness, Salvatore Ferragamo posted more convincing first-quarter results as its sales rose by 4.3 percent, both a current and constant exchange rates, to €317.1 million, beating market expectations by over €2 million.The gross margin rose to 63.3 percent in the first quarter from 62.3 percent a year ...
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Grendene sees lowest sales volumes in 15 years
After a difficult 2018, there has been no sign of respite for Grendene, which posted disappointing results for the first quarter. Its overall shipments out of Brazil declined by 37.0 percent from the year-ago quarter in terms volume to 6.9 million pairs, while 21.6 million pairs were sold in Brazil, ...
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Trade in fakes rises to 3.3% of world trade
The trade in counterfeit and pirated products has grown steadily in the last few years. With a value estimated at $509 billion, it came to represent an estimated 3.3 percent of world trade in 2016, up from 2.5 percent in 2013, according to a new report by the OECD and ...
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BasicNet’s consolidated revenues jump by nearly 39%
BasicNet, the parent company of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands, posted aggregate sales of €241.6 million in the first quarter of 2019, representing an increase of 16.1 percent from last year's first quarter, with a growth of 15.9 percent in local currencies.Consolidated revenues jumped by ...
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Hamm takes Camel Active license from Gabor
Gabor Footwear has lost its 18-year-old license to develop and market shoes under the Camel Active brand, whose sales have been declining lately. This has led to the departure of key managers, including Ralph Hanus, the former chief executive of Sabu. The big German shoe producer will sell the last ...
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New priorities for Clarks after a tough year
C&J Clark (Clarks) said in its annual report that it wants to shift its development focus to Asia in the next five years, with the aim of building up a business of similar scale to Europe and the Americas by 2023/24. The company will also boost marketing and drive its ...
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Steve Madden raises guidance after record quarter
Steve Madden is off to a strong start in 2019, with results for the first quarter exceeding the company's expectations. The flagship Steve Madden brand was the highlight of the quarter, with robust increases in its wholesale footwear and accessories businesses, as well as a strong performance on stevemadden.com.Overall, the ...
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Alpargatas performs better
Alpargatas reported a 9 percent increase in sales to 940 million reals (€205.9m-$229.9m) for the first quarter of 2019, with gains in all its divisions in Brazil and abroad. In particular, the management pointed to an increase of 16.1 percent in the sales of its major brand, Havaianas, which were particularly ...
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Shoe Zone benefits from falling rental costs
Shoe Zone saw revenues slip to £73.00 million pounds (€83.27m-$92.94m) in the first half ended on March 30 from £73.67 million a year earlier, but the British low-cost shoe retailer's pre-tax profit rose marginally to £1.02 million (€1.16m-$1.30m) from £0.96 million thanks to lower rental costs.The gross product margin increased to 62.0 ...
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Better-than-expected results for Alibaba
Despite the Sino-U.S. trade war and a slowing domestic economy, the Chinese e-commerce giant recorded strong revenues for its fourth fiscal quarter ended on March 31, 2019, which topped analysts' estimates.Alibaba's sales rose by 51 percent from the year-ago quarter to 93,500 million yuan renminbi (€12.1bn-$13.6bn), led by the core ...
