All Article articles – Page 131
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Wolverine sets up an Italian subsidiary
Wolverine Worldwide is doubling up on its efforts to revitalize Saucony. After its agreement with Xtep International for the distribution of Saucony as well as Merrell in China, the group has taken over the distribution of Saucony in Italy from its Italian distributor, Sportlab.It has set up a new Italian ...
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Lower sales and profits
Clarks' annual report shows that the past financial year, ended on Feb. 2, was particularly tough for a number of reasons including the negative currency effects of Brexit and declining customer traffic in the U.K. and the U.S., where pure digital retail players are taking market share away from traditional ...
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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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Russia is not ready for shoe tags
Russian footwear manufacturers and retailers are asking the federal government to postpone the introduction of compulsory tagging of all shoes on the domestic market with RFID chips. The new regulations, which are slated to come into force on July 1, were partly meant to crack down on sales of fake ...
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Hermès posts a 34% Ebit margin
Hermès International has yet to publish its sales figures for the first quarter, but while expressing a cautious outlook for the balance of this year, the company's management confirmed that it had not seen any change in demand from Asian customers and other sales trends. It added that all its ...
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Falc caters more to adults than before
Falc is launching a new label, Tu & Io by Naturino (You & I by Naturino), for children and their mothers. The company has launched a spring/summer 2019 collection of customizable children's shoes – largely sneakers – under its Naturino brand name and will be accompanying it in the next ...
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Asos is not doing so well
Zalando saw its share price go up after it announced that it expects to post a positive adjusted operating profit (Ebit) in the single-digit million range for the first quarter of this year, in contrast with market expectations of negative Ebit of €10 million. It expects to report an increase ...
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Fashion athletic products boost Stella’s results
Stella International's revenues decreased by 0.7 percent in 2018 to $1,588.6 million. The volume of its shoe deliveries from its manufacturing facilities rose by 6.4 percent, with 60.2 million pairs shipped by the Chinese company during the period, but average selling prices went down by 3.5 percent to $25.80 per ...
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A wave of bankruptcies is projected in the Russian shoe industry
There is a danger that the Russian government will decline to extend its longstanding ban on rawhide exports. If this happens, the domestic shoe industry may experience the bankruptcies of several dozen companies that annually pay 8.2 billion rubles (€112m-$126m) into the federal budget in taxes and other fees. The ...
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Micam invites you to fall in love with beauty
“Fall in love with the Beauty ye who enter” is an extract from “Paradise,” the last section of the Divine Comedy, the long poem completed by Dante Alighieri in 1320. It is also the theme chosen for the advertising campaign due to be launched for the next edition of Micam ...
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LK Bennett falls into Chinese hands
Once again, Chinese interests take possession of a coveted European brand name. Byland, the Chinese franchisee of LK Bennett, has taken over the brand and certain other U.K. and Irish assets of the well-known British footwear and clothing retailer, positioned in the upper-middle segment of the market. Byland said it ...
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German shoe retailers hope for a better year
The first few months of 2019 were promising for German shoe retailers, with a combined sales increase of 16 percent in January and February alone, followed by a relatively good month of March. Last month, the retailers' sales were 9.8 percent higher than in March 2018, when they had shown ...
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Big drop in the profitability of Tod’s
Tod's' full-year net profit slumped to €47.1 million in 2018 from €71.0 million a year earlier, while sales fell by 2.4 percent to €940.5 million, prompting the group to cut its dividend to €1.00 per share from €1.40.The Italian group posted Ebitda of €118.3 million for last year, down from ...
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Vionic and Blowfish boost Caleres’ results
Caleres' sales for the fourth quarter ended on Feb. 2 were boosted by its two newest acquisitions, Vionic and Blowfish. The U.S. group's consolidated sales for the quarter increased by 2.5 percent to $720.3 million, with a decline at its Famous Footwear retail chain offset by higher revenues from its ...
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Bogs’ sales lift Weyco Group’s results
After posting lower sales in the third quarter, Bogs bounced back in the fourth quarter with sales jumping by 34 percent. The management said that some of this increase was driven by favorable weather, with early cold and snow this fall across a good part of the U.S. and Canada, ...
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New CEO for CCC, whose growth is boosted by e-commerce
Darius Milek, the 41-year-old Polish entrepreneur who founded CCC Shoes & Bags in the 1990s after selling shoes in an open market, has chosen to pull back from the operational management of the stock-listed company to become chairman of its supervisory board. Milek, who has become one of the wealthiest ...
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Retail sales lift Rocky Brands
After a strong first nine months in 2018, Rocky Brands is still reaping the benefits of implementing several cost-cutting measures and updating its manufacturing capabilities in 2017. The company's retail sales recorded a double-digit growth during the fourth quarter, while the wholesale business posted a solid gain. The gross margin ...
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French luxury groups grow briskly, led by Kering
Kering continues to run at a fast pace, outperforming the two other major French luxury groups and leading observers to wonder how the company will use its huge cash pile for other acquisitions, most likely in the luxury goods sector after divesting Puma and all the other components of its ...
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Britain’s Schuh drags down Genesco
After posting its highest comparable sales increase in more than two years in the third quarter, Genesco once again reported strong comparable sales for the fourth quarter ended on Feb. 2, up by 4 percent, on the back of the ongoing strength of its U.S. footwear retail businesses. These figures ...
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Deichmann buys a U.S. sneaker chain
Deichmann has continued its expansion in the U.S. with the takeover of KicksUSA. Founded in 2002, the American retail chain, which specializes in sneakers, athletic shoes and clothing, operates 64 stores on the East Coast, primarily in Philadelphia, New York and New Jersey, as well as a web store.The shops ...
