All Article articles – Page 137
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Caleres slashes profit expectations after mixed results
Caleres has posted mixed results for the third quarter ended on Nov. 3. The group's consolidated sales for the quarter remained flat at $775.8 million, with a decline at its Famous Footwear retail chain offset by higher revenues from its growing portfolio of wholly-owned footwear brands including Allen Edmonds, Blowfish ...
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Record Black Friday sales in Russia ahead of VAT hike
Black Friday 2018 brought an unprecedented level of sales to the shoe stores all over Russia, according to a market research agency, Infoline Analytics, rising by between 70 to 100 percent as compared to November 2017.Sales increases in brick-and-mortar stores ranged between 30 and 40 percent, while online stores recorded a ...
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Farfetch and Yoox introduce new AI tools
With its special algorithms, artificial intelligence is increasingly considered very useful in helping customers choose the right products from among the multitude of items offered on inclusive websites like those of Farfetch and Yoox-Net-A-Porter. Farfech alone, which recently went public, gives customers a choice among about 20,000 different styles of ...
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Mixed quarterly results for Alpargatas
Alpargatas' consolidated net earnings jumped by 71.3 percent to 119.8 million reais (€27.6m-$31.3m) in the third quarter ended on Sept. 30, but this was partly due to non-recurring items. Excluding them, the Brazilian group's Ebitda margin fell by 1.3 percentage points to 12.3 percent on 2.2 percent lower revenues of R$ ...
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Obuv Rossii uses more click & collect and blockchain
Obuv Rossii, the big Russian shoe producer and retailer, has announced plans to expand PickPoint's network in Russia by opening pick-up locations for products it sells online within its stores. This will allow the company to increase customer flows and take advantage of growing sales in the online segment.Obuv Rossii launched a ...
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Asos reduces its guidance
In reviewing its performance in the three months through Nov. 30, the leading British online retailer reported on Dec. 17 that it was lowering its expectations for its financial year after a significant deterioration in its sales during the important month of November, adding that conditions had remained challenging, against ...
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Vivarte is becoming a smaller, more viable retail group
While publishing the results for Vivarte's financial year ended in August, which showed major reductions in losses and indebtedness, its chief executive, Patrick Puy, said that a general manager will take over its operational management from spring 2019, while he will retains his position as president of the French group. ...
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Pou Sheng boosts Yue Yuen’s results
Revenues from manufacturing activities declined by 2.8 percent to $3,930 million in the first nine months of this year for the world's largest shoe producer. The volume of shoes it made by Yue Yuen Industrial during the period dropped by 0.9 percent to 236.5 million pairs and their average selling ...
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Farfetch buys Stadium Goods
New and used sneakers, especially vintage and limited-edition models, continue to be cult objects. They are increasingly sought after by luxury goods customers all over the world who shop on websites like Farfetch, the leading internet platform for luxury goods that went public successfully a few weeks ago (Shoe Intelligence Vol. 20 n°19+20 ...
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Shoe Carnival posts higher comps, raises outlook
Shoe Carnival has raised its guidance for the full year after reporting higher profits and comparable store sales for its third fiscal quarter.The company said it recorded growth in all geographic regions and all product categories, with comparable store sales growing by 4.5 percent, on top of a 4.4 percent ...
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Ferragamo’s CFO leaves, triggering new rumors
Salvatore Ferragamo has said that its chief financial officer, Ugo Giorcelli, will be leaving on Jan. 11 for a new job opportunity. The company has also said that he will not benefit from any extraordinary severance payments and will not be tied by a non-competition agreement. It was subsequently announced ...
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Fewer physical chain stores in New York City
It could have happened earlier, but up to now the digital disruption of the American retail market seems to have been affecting mostly suburban shopping centers and department stores. Anyhow, the number of chain stores in New York's five boroughs has gone down for the first time in the 11-year ...
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Karstadt and Kaufhof complete their merger
A new joint venture has been signed between Signa and Hudson's Bay Company (HBC) to run the Karstadt and Galeria Kaufhof department stores in Germany and other retail operations in Belgium and the Netherlands, according to an official announcement made on Nov. 30 that the long-awaited transaction has been ...
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Genesco posts higher comps despite Schuh’s problems, sells Lids
Thanks to the ongoing strength of its U.S. footwear businesses, Genesco has recorded its highest comparable sales increase in more than two years and significantly improved its profitability. However, total sales were down from the year-ago quarter due to a calendar shift that moved an important back-to-school sales week out ...
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Micam is working on a more “customized” concept
The organizers of the world's largest footwear trade show say they are putting in place a number of strategies on the communication front and others to help create an increasingly “customized” event for all the participants.For this purpose, they have carried out an in-depth analysis of Micam's exhibitors and visitors, ...
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Le Coq’s owner saves a French shoe plant
Compagnie Vosgienne de la Chaussure (CVC), the French shoe factory sold by the Vivarte group to a German investment fund at the end of 2016, has found a new investor, just as it was about to be liquidated. Petrus Finance, a Swiss holding company that indirectly controls Le Coq Sportif, ...
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Spanish shoe exports decline
In the first nine months of 2018, Spain exported 122.7 million pairs of shoes for a value of €2.108 billion. Fice, the Spanish shoe industry federation, said this amounted to decreases of 1 percent in value and a 3.6 percent in volume from the comparable period of 2017. But it ...
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DSW raises guidance as it posts strong profits
The big American shoe retailer lifted its outlook for the full financial year after reporting better-than-expected profits in the third quarter, along with strong same-store-sales. The group's net income soared from $4.0 million in the third quarter of 2017 to $39.3 million in the latest quarter. The company now expects ...
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EU sales of shoes grow faster in the less mature markets
According to a study conducted by the Institute for Retail Research (IFH) in Cologne together with BBE, a German consultancy for the retail industry, consumers in the 28 member countries of the European Union spent about €67 billion on shoes in 2017. This amounted to an average consumption per capita ...
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Russian online retailer expands into the shoe segment
One of the Russian biggest online retailers, Ozon, said at a recent conference in Moscow that it wants to expand sales of footwear through its website by a factor of ten. It also wants to sell more clothing.At the moment, Ozon is perceived by Russian customers mainly as an internet ...
