All Article articles – Page 141
-
Article
New management for Pikolinos
Pikolinos has a new general manager, Manel Jadraque, who previously served as an adviser to the Spanish family-owned shoe company, which has been led for the past couple of years by Juan Manuel Peràn and other members of his family. Jadraque takes the place of Georges Bassoul after six years ...
-
Article
Shoe Zone’s sales and profits to rise
In contrast with many other U.K. retailers who have been issuing profit warnings, Shoe Zone issued a more positive update on Oct. 17, ahead of the final report on its full-year results, saying that both sales and profits rose during the 52 weeks to Sept. 29.Revenues increased by 1.8 percent ...
-
Article
Vans targets $5 billion in sales by 2023
At a meeting with investors a few days ago, VF Corporation unveiled an ambitious new target for Vans, its fast-growing brand of skate-inspired sneakers, to reach a total annual turnover of €5 billion by 2023, with sales of €4 billion in footwear and the balance in apparel and accessories.The business ...
-
Article
Ecco is working on 3D printing
Besides waterless tanning, 3D printing of customized sneakers is another technical project that Ecco has been working on with some tangible results.The Danish company has developed a footwear customization process, called QuantU, that focuses on the midsole of the shoe, using 3D printing and a silicon material to replace 75 ...
-
Article
New stores, the internet and acquisitions drive CCC’s growth
Acquisitions boosted the revenues of CCC Shoe & Bags for the second quarter of the year. They jumped by 18.3 percent from the year-ago quarter to 1,125.8 million zlotys (€261.8m-$306.5m). Same-store sales were down by 1.4 percent, which the company attributed to a difficult comparison base and a very short ...
-
Article
Aldo will work with Kurt Geiger
The Aldo Group has signed a deal that makes Kurt Geiger the exclusive operator of department store concessions for its collections in the U.K. and Ireland. It will also manage Aldo online stores in the department stores' marketplaces to help create an omni-channel retailing experience.The Canadian group will continue to ...
-
Article
Alibaba grows fast, earning less, and expands in Russia
Alibaba Group Holding continued to grow fast in the first fiscal quarter ended June 30, but its gross margin fell to 11.0 percent from 29.2 percent in the year-ago period, the lowest level since the leading Chinese e-commerce operator went public in 2014.Due also to extraordinary charges and high investments ...
-
Article
Pentland loses the Ted Baker license
As previously reported, Pentland Brands has taken on the footwear license for Karen Millen, but it is now losing its license for another British fashion brand, Ted Baker, which is taking the business back in-house after a growth of 800 percent under Pentland's control. Since the signature of the license ...
-
Article
Journeys boosts Genesco’s results, offsetting Schuh’s problems
Thanks to significant gains in revenues and profitability at Journeys, Genesco posted strong results for its second fiscal quarter, surpassing expectations. In contrast with previous performance, the American shoe retail group recorded the first growth in comparable sales in two years, up by 3 percent.However, the company's Schuh Group subsidiary ...
-
Article
Rocky Brands’ restructuring efforts pay off
After recording heavy losses in 2016, Rocky Brands has been implementing several cost-cutting measures, while updating its manufacturing capabilities. It has now turned a corner, with profits rocketing in the second quarter of this year: net income jumped by 73.3 percent from the year-ago quarter to $2.65 million.The management attributed ...
-
Article
Mixed results for Caleres
After a difficult start to its financial year, Caleres improved slightly in the second quarter, boosted by strong results at its big Famous Footwear retail chain. The American group, which is also the parent company of brands such as Naturalizer, Sam Edelman and Franco Sarto, saw consolidated sales for the ...
-
Article
Shoe Carnival remains cautious despite strong quarter
Things are going well also for Shoe Carnival, which posted better-than-expected sales for its second fiscal quarter, boosted by mid-single-digit sales growth for adult athletic shoes. However, the company issued a more cautious outlook for the balance of the year.Shoe Carnival's sales climbed by 14.2 percent to $268.4 million. Comparable ...
-
Article
CVC may close down
France's oldest shoe factory, which has an annual production capacity for more than 300,000 pairs, may have to close down in the absence of a serious takeover proposal by Oct. 8. According to well-informed sources, six companies or individuals have asked to look at the accounts of its parent company, ...
-
Article
The U.S. footwear market is driven by comfortable styles and online sales
According to a new report from NPD Group, casual shoes continue to be key growth drivers of the U.S. footwear market, alongside the increase in online shopping, which is also having a major impact on this market. The U.S. footwear market grew by 7 percent in the first half of ...
-
Article
DSW exceeds expectations
Boosted by strong seasonal sales of athleisure and children's styles, as well as strong digital marketing investments, DSW posted results for its second fiscal quarter that topped expectations. This led the American shoe retailing group to raise its guidance for the full year. It now expects its revenues to grow ...
-
Article
Ecco Leather unveils innovative water-saving tanning technology
Ecco Leather will be introducing a special commemorative edition of Ecco's classic Soft 8 sneaker on the occasion of the IWA World Water Congress & Exhibition 2018, which is scheduled to take place in Tokyo on Sept. 16-21. The sneaker features Ecco Leather's new DriTan technology, an innovative water-saving technology. ...
-
Article
Printemps will launch a luxury e-tail site
Printemps, the Parisian department store, has announced that it will launch a new luxury e-commerce site. The new Printemps.com website is expected to be fully operational by the end of 2019, or by early 2020 at the latest. As opposed to Printemps' current website, which features products available at its ...
-
Article
German shoe exports are on the rise
According to the German shoe and leathergoods industry association, HDS/L, German shoe exports went up by 8.9 percent to €3.5 billion in the first half of the year. In terms of volume, they grew by 6.6 percent to 158 million pairs and the average price per pair rose by 2.2 percent to ...
-
Article
Michelin soles move into the fashion footwear sector
JV International, the company that has been marketing Michelin branded technical outsoles for outdoor, sports and work shoes, is now moving also into the casual footwear segment, starting with a contract with Camper.After more than 18 months of reasearch and development in cooperation with JV, Camper is coming out this ...
-
Article
Russia’s shoe market may feel the sting of U.S. sanctions
Retail sales in Russia's shoe market are likely to drop slightly in 2018 as the latest U.S. sanctions against imports into the country have sent the exchange rate of the national currency soaring, negatively affecting the purchasing power of the local population, based on the analysis of the situation formulated ...
