All Article articles – Page 142
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Footasylum’s sales firm up, shares plunge
Footasylum saw its shares take another plunge after its second profit warning in three months, due to an underwhelming performance for the British sports fashion retailer over the summer as well as delays in store openings and enlargements.The retailer saw its share price shrink by more than 50 percent after ...
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Russian footwear stores have grown in size
Starting around 2014, many Russian clothing and footwear retailers have been re-organizing their store networks in Moscow and St. Petersburg, closing their small shops and opening bigger ones.The expansion has been made easier by the fact that store rental rates remained mostly flat in St. Petersburg and increased only slightly ...
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Portugal invests heavily in its shoe industry
The Portuguese shoe industry decided in 2013 to invest at least €300 million between 2016 and 2020, or about 15 percent of its estimated added value, to improve its competitiveness at the international level under a strategic plan, called Community Support Framework Portugal 2020, that would be aided by the ...
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New hires at Pentland
Pentland Brands has appointed an experienced manager, Simon Breckon, as brand director of Ellesse to help sustain its strong momentum, particularly with its strong expansion in North America and Greater China.Pentland noted that Breckon has a proven track record in building brands with strong emotional connections to consumers such as ...
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Shifting market shares in a stronger sports shoe market
We have been publishing an exclusive study of the athletic shoe market until now only in another business newsletter of ours that dovers this sector, Sporting Goods Intelligence Europe. As the current strong sneaker boom has broken the borders between sports and fashion, we have decided to present this study ...
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Geox Q2 improves vs Q1 but outlook remains cautious
Geox' top line declined by 8.2 percent to €414.1 million in the first half, roughly in line with the expectations of financial analysts. At constant currency rates, sales dropped by 7.2 percent, but there was an improvement on sequential quarterly basis.Second-quarter sales were down by 2.4 percent year-on-year, a sharp ...
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The Nordic shoe market dipped in 2017
For the Nordic shoe market, the year of 2017 was characterized by an overall decrease in sales as well as the rising importance of e-commerce, according to analyses of the market conducted by two shoe industry publications, Skomagazinet in Sweden and Skohandelen in Norway.According to GfK Sverige, shoe sales dropped ...
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BasicNet’s net profit jumps by 87%
BasicNet, the parent company of Kappa, Robe di Kappa, K-Way, Superga and other brands, reported aggregate sales of their products by its global network of licensees of €398.8 million for the first half of 2018, up by 7 percent at current exchange rates and by 10.1 percent in constant currencies ...
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Alpargatas conducts a review after a good quarter
The parent company of Havaianas has hired an international consultancy to review the brand's strategic plan in order to accelerate its internationalization and to capture new opportunities for growth in the domestic Brazilian market. Alpargatas is also planning to appoint an executive digital director in the coming months to drive ...
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Yue Yuen wants to become more agile
Citing intense competition and changing ordering patterns in the industry, the world's largest shoe manufacturer, Yue Yuen Industrial (Holdings) said it will continue to increase automation levels, investing in new technology and process re-engineering to enhance the efficiency of its operations.It said it would leverage its core strengths and competitive ...
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Deckers posts record sales, aided by Ugg
Led by a strong performance by Hoka One One, Ugg and Teva, Deckers Brands posted a strong first fiscal quarter, with revenues reaching a record high of $250.6 million, up by 19.5 percent from the same quarter last year. On a constant currency basis, sales increased by 17.6 percent.Ugg's revenues ...
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Leonardo Di Caprio is investing in Allbirds
Allbirds, the sustainable footwear brand based in New Zealand, has announced Leonardo Di Caprio as a new investor in the company. Besides his Hollywood career, the Oscar-winning actor has long been known for his activism in the fight against environmental change. The amount of Di Caprio's investment has not been ...
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Ara partners with Fashion Cloud
Ara Shoes is supplying its retail customers with a new “endless aisle” through Fashion Cloud, a digital B2B platform that allows customers to check the availability of missing items from their stores in real time and to order them directly. The retail clients can also download visuals of the products and other ...
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Vulcabras recovers in women’s shoes, works with Under Armour
Vulcabras Azaleia, which derives most of its revenues from the affordable Olympikus brand of sports shoes, has announced the start of negotiations for the acquisition of Under Armour's five-year-old Brazilian sales subsidiary. Under a joint licensing and operating agreement, Vulcabras will become the exclusive distributor and licensee of the American ...
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Former Gucci executive becomes Ferragamo’s chief executive
Salvatore Ferragamo has announced the promotion of Micaela Le Divelec Lemmi to the position of chief executive, while reporting relatively weak sales results for the first half of the year. Le Divelec joined the group in April from a more flourishing Florentine company, Gucci, as general manager. Ferragamo's previous CEO, ...
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Better scores for the French luxury majors
LVMH, Hermès International and Kering continued to perform better than than more focused Italian peers in the global luxury goods market, which is estimated to have accelerated its annual growth to a rate of around 6 percent. However, Bernard Arnault, chairman and chief executive of LVMH, warned about persistent monetary ...
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Legero’s former boss joins the Josef Seibel group
Rudolph Hampl will join the Josef Seibel group as a new joint managing director in September. Hampl, who is now 53 years old was formerly working as managing director of Legero United. At Josef Seibel, Hampl will be responsible for product development, sales and marketing as well as the restructuring ...
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Brazilian strikes hit Grendene’s exports
Grendene shipments out of Brazil tumbled by 10.5 percent in volume to 8.3 million pairs during the second quarter, although they rose in terms of value. The management said various problems affected the business as a whole, but highlighted a truck drivers' strike as the biggest factor impacting export volumes, ...
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Puma catches up with the bulky footwear trend
Confirming the agility of its processes, the Wild Cat managed to lift its sales by 15 percent in constant currencies and to raise its profit margins in the second quarter of 2018, as it reacted rapidly to a shift in consumer demand for bulkier footwear. Bjørn Gulden, Puma's chief executive, ...
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Vans fuels buoyant quarter for VF
Another sales rise of 35 percent for the Vans brand in the three months to the end of June fueled a turnover jump of 23 percent to $2,788.1 million for VF Corporation in the first quarter of its new fiscal year.The group reported a sales increase of 12 percent from ...
