All Article articles – Page 139
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Obuv Rossii starts a stock buyback
Russia's major shoe retailer, Obuv Rossii, plans to spend 900 million rubles (€12m-$15m) to buy back some of its shares on the Moscow Stock Exchange, as the price of its shares hit record lows, Obuv Rossii said in a statement on its website.As of July 2018, 44 percent of the ...
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The casual footwear market speeds up
Like the athletic brands, the more casual footwear brands enjoyed stronger growth in 2017 than they had done in the previous year, boosted by increased demand for comfort and good looks. According to our annual study of the segment, the casual branded shoe market enjoyed a sales increase of 7.2 ...
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Vivarte sells its remaining shoe retail chains
After the disposal this year of its André and Besson chains of shoe stores and the Naf Naf brand of women's clothing, which we have already reported, the French Vivarte group announced on Nov. 5 that it will be selling its three remaining shoe retail banners – Minelli, San Marina ...
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Changing roles at Clarks
As previously reported, Clarks parted ways with its former chief executive, Mike Shearwood, as of June 25 because of repeated instances of inappropriate behavior. He was immediately replaced by Stella David, who has been a member of the board for six years, pending the recruitment of a new CEO. She ...
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Crocs makes a surprising profit
After reporting better-than-expected earnings for the third quarter, led by strong demand for its clogs and sandals, Crocs has raised its guidance for the full year. The company's shares boomed after the announcement, rising by more than 9 percent.Net income rocketed from $1.6 million in the third quarter of 2017 ...
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Deckers raises guidance as earnings rocket
Thanks to continued profitability gains by Ugg and top-line growth by Hoka One One, Deckers Brands raised its guidance for the full year through next March, budgeting higher earnings on sales that should reach a range of $1,935 million to $1,960 million.The group's net earnings for its second fiscal quarter ...
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Difficult quarter for Grendene
Grendene had a tough third quarter, weighed down by weak exports. Its shipments out of Brazil tumbled by 17.7 percent in volume to 7.2 million pairs during the quarter, although they rose in terms of value. The management said various problems affected the business as a whole, but pointed in ...
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Farfetch grows strongly
A concrete sign of this trend was a 53 percent increase to $306 million in the gross merchandise value reached by Farfetch in its third quarter. The high-end e-tailer, which went public a few weeks ago (see our previous issue), said the growth was double the rate of the industry.José ...
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Florsheim is a star at Weyco Group
After a strong second quarter that saw a return to growth after many months of decline, Bogs posted lower sales for the third quarter. The brand's revenues for the three months to Sept. 30 fell by 5 percent from the year-ago quarter.The brand's parent company, the Weyco Group, said that ...
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Kurt Geiger sees higher sales and profits
Kurt Geiger gave a strong performance in its latest financial year, ended on Jan. 27. The British high-end retailer's revenues were down by 3.9 percent to £324.58 million (€367.0m-$417.0m), but this was only because the previous financial year covered 13 months, thanks to a change in the financial calendar. Excluding this ...
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Wolverine rides higher
The divestiture of Sebago and the military business caused a 3.9 percent decline in sales at Wolverine Worldwide, down to $558.6 million, in its third quarter ended Sept. 29. On a comparable basis, sales inched up by 0.5 percent, but they were up by 1.5 percent excluding the leather business ...
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DIS – an Italian €400,000 crowdfunding project
An Italian startup, Design Italian Shoes (DIS), has launched a €400,000 capital increase through a crowdfunding campaign using the Mamacrowd platform to finance various projects including the launch of a women's collection and of a mobile phone application to scan one's feet.The capital increase may be extended to up to ...
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Berlin fairs reposition themselves, look abroad
Premium, the trade show for fashion, footwear and accessories that is an important component of the Berlin Fashion Week, is restructuring its layout and developing its first initiatives abroad under its new ownership.Among other initiatives, the Premium Exhibition Group has acquired a minority share in the New York-based Liberty Fairs ...
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Versace to boost footwear, accessories under Michael Kors ownership
The announced takeover of Gianni Versace by Michael Kors will lead to an increase in the importance of footwear and other accessories for the Italian fashion company, named after his late founder. Michael Kors Holdings (MKHL), which will change names to Capri Holdings with the acquisition of Versace, expects the ...
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DSW and Authentic Brands will acquire Camuto Group
The Authentic Brands Group (ABG), the acquisitive American brand management company, has announced a definitive agreement to acquire a majority stake in the Camuto Group in a $375 million deal, in partnership with DSW, one of the largest shoe retail chains in the U.S. The interesting and complex transaction, which ...
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Deichmann partners with Azadea for the Middle East and North Africa
Deichmann is entering the Middle East and North Africa through a long-term parntership with the Azadea Group, a leading lifestyle retailer that has been operating in the region for 40 years and is currently managing over 50 international franchise concepts in the fashion & accessories, food & beverages, home textiles, ...
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Alberto Guardiani shuts down, Aldo Bruè seeks bankruptcy protection
Alberto Guardiani, a well-known Italian label of men's shoes positioned in the medium-high level of the market, is going out of business, while Aldo Bruè, another men's footwear specialist from the Marche region of Italy, which took over a license for the Bruno Magli brand last year, is seeking to ...
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ANWR strengthens its digital operations
In an effort to strengthen the focus of its “Inspiring Retail” strategy for digital retail solution, the ANWR Group is making changes in its personnel structure. Gregor F. Bernhart switched to the management of ANWR Media on Oct. 1 to be responsible, alongside Alexander Hock, for the development of digital ...
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Argentina’s shoe industry is in trouble
Faced with a disastrous situation in the country's shoe industry, the Argentinian government has decided to lower import duties on certain raw materials need to make shoes from 35 percent to 15 percent.According to Cueroamerica, the production of the sector has declined by more than 20 percent over the past ...
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Asos progresses strongly
Asos saw its quotation on the stock exchange rise by 15 percent after the U.K.-based online retailer of clothing and footwear reported higher sales and profits for the financial year ended on Aug. 31, in spite of continued high investments in software and operations that represented about 10 percent of ...
