All Article articles – Page 133
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Dr. Martens invests £2m in its English heritage
Dr. Martens is overhauling its original factory in the Northamptonshire town of Wollaston. The plan is to more than double its production capacity from the current level of 70,000 pairs to 165,000 pairs per year, and to open what the company is calling a new visitor and heritage center in ...
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Kering books an Ebit margin of 28.9%
We have already reported the excellent results achieved last year by LVMH and Hermès, which contrast with the rather disappointing results of two more footwear-specific luxury goods companies, Salvatore Ferragamo and Tod's (see also the news briefs in this issue). Kering did even better in 2018 with an increase of ...
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Geox posts convincing Q4 results
Geox reported a net loss and declining sales for the past year, but posted convincing fourth-quarter results, especially for its directly-managed stores and e-commerce. The revenues of €827.2 million for the full year were down by a reported 6.5 percent and by 5.5 percent at constant foreign exchange rates, but ...
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Payless closes all its North American stores
While filing again for Chapter 11 bankruptcy protection in the U.S., Payless ShoeSource is conducting the largest liquidation sale in the country by the number of stores. It plans to close all its 2,587 North American stores before the end of May, taking advantage of the Easter selling season if ...
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Alpargatas ends the year on a high
Driven by the strong performance of Havaianas in Brazil and a 29.3 percent increase in the brand's international operations, Alpargatas' profitability surged in the fourth quarter of 2018. The Brazilian group benefited from favorable exchange rates overall, with the notable exception of Argentina, which is facing an economic crisis.Alpargatas' consolidated ...
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ANWR expands the range of its services
The international ANWR Group, the voluntary consortium of independent retailers operating in various European countries, reported an overall increase of 9.5 percent in its total business volume to €9.5 billion for the past year. The growth was driven by a rise of 7.9 percent to €6.7 billion in the turnover of its ...
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Asian manufacturers flock to Milan
A new trade show for Asian shoe producers will take place in Milan at the same time as Expo Riva Schuh in Riva del Garda on June 15-18, more or less coinciding with the menswear shows in Milan, which will run from June 15 to 18. Called Misaf for Milan ...
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Harrys comes back to New York
Harrys of London, the purveyor of high end lace-ups, loafers, sneakers and slippers, has opened a flagship store at one of New York City's most exclusive junctions, Park Avenue and East 57th Street, just a few blocks from Bloomingdale's and the Plaza Hotel.The brand's profile has risen as celebrities, like ...
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Baldinini quits the U.S., boosts e-commerce
Baldinini has decided to stop its costly investments in the U.S. market, which it had attacked a few years ago in an effort to diversify geographically from the volatile Russian market, which still represents around 80 percent of its annual turnover of around €100 million. The Italian company will close ...
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Steve Madden posts a strong quarter, overshadowed by Payless’ bankruptcy
Continuing on its strong performance in the previous months, Steve Madden once again posted upbeat results in the fourth quarter of 2018, driven by strong growth in both wholesale footwear and accessories. The flagship Steve Madden brand stood out, in both footwear and handbags. The group also saw outstanding growth for ...
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A new generation and record results for BasicNet
A new generation is taking over at BasicNet, the parent company of brands like Kappa, Superga and Sebago, after the company reported the best financial results in its history. Its consolidated sales grew in 2018 by 14.7 percent to €210.4 million, with a growth of 15.2 percent in local currencies. ...
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New top managers at Bata
Claudio Alessi, an Italian manager who has spent 17 years with the Bata Shoe Organization in several countries, is returning to Italy to serve as president of Bata Europe at its office in Padua, overseeing the company's retail subsidiaries in Italy, Spain, the Czech Republic, Slovakia and Switzerland. In this ...
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Giogio Presca becomes Clarks’ CEO
Clarks has appointed Giorgio Presca, an experienced Italian manager who ran Geox between 2012 and 2016, as its new chief executive. Presca is taking over from Stella David, who had been named interim CEO to replace temporarily Mike Shearwood, the previous chief executive, who resigned in June 2018 amid an ...
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Micam becomes more selective
The Milan trade show, which ran from Feb 10 to 13, closed with over 43,000 visitors, in terms of daily entrances, compared with 44,227 in the February edition of 2018. However in terms of individual entries, this edition registered a 2.5 percent increase as a higher number of Italians more ...
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Crocs posts better-than-expected results
Led by the U.S. market and driven by its wholesale business, Crocs posted record revenues for the fourth quarter. Reaching a level of $216.0 million, they were up by 8.5 percent from the year-ago quarter, or by 11.3 percent on a constant-currency basis. This was well above the top end ...
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CEC kicks off with a new Erasmus program
The European Confederation of Footwear Industry (CEC) has announced the start-up of a new research project under the European Erasmus+SciELD program entitled “Footwear in the 21st century: New skills for the design of drastically improved comfort, sustainable, fashion-oriented and scientifically-led footwear products,” which aims to find new methods of assessing ...
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Luís Onofre is CEC’s new president
Luís Onofre, the fashion designer who heads up the Portuguese shoe and leathergoods industry association, Apiccaps, has been elected as the new president of the European Confederation of the Footwear Industry (CEC), which represents more than 21,000 companies employing over 278,000 people all over Europe.He will take over the reins ...
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Wolverine partners with Xtep for China
Wolverine Worldwide and Xtep International, one of the major Chinese sporting goods companies, have announced agreements to set up a joint venture that will develop, market and distribute Merrell and Saucony footwear, apparel and accessories in China, Hong Kong and Macau. Some of the items will be exclusively designed and ...
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Grendene’s exports continue to decline
The past year was a difficult one for Grendene's large export business, and the fourth quarter was no exception. In line with the rest of the year, its overall shipments out of Brazil declined by 12.0 percent in volume to 14.1 million pairs during the quarter, although they rose in ...
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Driven by Merrell and Sperry, Wolverine raises sales and margins
Thanks to efforts to reduce operating expenses, which declined by 40 percent year-on-year, Wolverine Worldwide's margins improved before exceptional items and profits soared in the fourth quarter ended on Dec. 29. The quarterly net income reached $39.3 million, compared with a loss of $60.3 million for the fourth quarter of ...
