All Article articles – Page 143
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Tod’s buys an e-commerce business from its owners.
The board of directors of Tod's approved the acquisition of Italantouch for €25 million. The e-commerce company is the property of Diego Della Valle & C, the holding company controlled by Tod's chairman and chief executive, Diego Della Valle, who also controls the group with his family. The deal has ...
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VF will spin off its denim business
VF Corporation is preparing to split into two independently traded companies through the proposed spin-off of its jeans division to its own shareholders, forming a more focused outdoor, action sports and workwear business based in Colorado.The owner of Vans, The North Face, Timberland and several other sports, outdoor and workwear ...
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Former Geox CEO will run Scarpa
Diego Bolzonello, a manager who built Geox into one of the world's biggest brands of casual footwear, has agreed to be the new chief executive of Calzaturificio Scarpa, a leading Italian producer of mountaineering shoes, working alongside its president, Sandro Parisotto, who previously shared the functions of president and CEO.Bolzonello ...
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Tod’s claims new strategy is working
In the wake of its first-half results, Tod's said that its new strategy of launching multiple collections throughout the year and to focus on evergreen products is working. Beating analysts' expectations, Tod's posted sales of €476.9 million for the first six months of the year, down by 1.3 percent at ...
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Crocs closes plants, goes more digital
Boosted by double-digit growth in e-commerce, Crocs' results for the second quarter exceeded its own guidance and financial analysts' projections. They led to an improved forecast for the full financial year, with the management predicting adjusted Ebitda of $95 million and low single-digit growth in sales to at least $1,023.5 ...
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Zalando comes out of the red
Zalando managed to book a net profit of €51.8 million for the second quarter of this year, up from $47.4 million in the second quarter of 2017, after taking in a loss of €15 million in the first quarter of this year. While the operating margin fell slightly to 7.1 ...
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Prada returns to growth in sales and earnings
As forecast with the release of last year's results, the Prada Group started to raise its sales and earnings in the first half of 2018. In the six-month period to June, the group's revenues rose by 3.3 percent to €1,535 million from a pro forma level of €1,486 million a ...
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Obuv Rossii keeps expanding
Russia's major shoe retailer, Obuv Rossii, opened 71 new stores in 61 towns during the first six months of 2018, the company said in a statement on its website, including 51 units that are trading under its main retail banner, Westfalika. Out of all the new doors, 48 percent were ...
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Wildberries expands outside Russia
Russia's biggest indigenous online retailer specializing in clothing and footwear, Wildberries, has started to offer click-and-collect services in the south Caucasian region by opening pick-up points in Armenia and Azerbaijan, the company revealed late July.The new openings are a part of the company's ongoing expansion strategy in the post-Soviet area. ...
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Wolverine’s “way forward” is working out
Wolverine Worldwide is again actively looking for additional brands to acquire, not only in the footwear sector, but also in apparel and leathergoods, with a preference for the women's segment, where it is relatively under-represented. The multiples requested by the sellers have increased, said Blake Krueger, chairman, chief executive and ...
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Steve Madden gets a lift from international sales
The Steve Madden group once again beat analysts' estimates for earnings and revenues in the second quarter, thanks to steady growth for its flagship label and rising demand from outside the U.S. The management said the Steve Madden brand was the highlight in the quarter at the wholesale level, with ...
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Sabu and GMS will work together in purchasing
The two German voluntary groups have announced a strategic cooperation for the coordination of their purchasing operations, resulting in a simplification of processes with their suppliers and all the other parties involved as well as better conditions for their respective affiliated shoe retailers.The suppliers will only have to issue one ...
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Shoes are going to be tagged in Russia
Six major retail chains have agreed to participate in the pilot phase of a project of placing RFID tags on shoes sold in the country, showing the manufacturer of the product and certifying that it is not a counterfeit. Customers will be able to easily trace them with a mobile ...
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World shoe production resumes growth
After two flat years, footwear production resumed some growth last year, limited to a rate of 2 percent as compared to 2016, reaching an estimated level of 23.5 billion pairs. The figure is still far from the growth pace of 15.4 percent registered between 2010 and 2014, but it marks ...
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Turkish investors make shoes and leather in Kazakhstan
A new Kazakh-Turkish joint venture, Posh Runo, has manufactured the first batch of 3,000 pairs of shoes at a recently launched shoes factory in the West Kazakhstan region, complemented by a tannery. The name of the Turkish investor has not been disclosed.The overall investment cost of the project is estimated ...
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Netshoes withdraws from Mexico
Netshoes, the largest sports and lifestyle online retailer in Latin America, has agreed to sell its operations in Mexico to Grupo Sierra Capital, a private equity fund with investments in Mexico, the Caribbean and Central America. Based in Brazil, where it still does most of its business, Netshoes said the ...
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The profile of Micam visitors
Micam visitors are mostly European and increasingly interested in women's shoes, according to an analysis that the Milan shoe show recently conducted on the database of its visitors by profiling and comparing the data collected during the last six editions of the event- from September 2015 to February 2018.The study ...
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Ribatt will run Rockport under new ownership
Working through an affiliate operation, an American investment company, Charlesbank Capital Partners, has been allowed by a bankruptcy court to take over the Rockport Group, including the Aravon and Dunham brands that previously belonged to New Balance.The new owners have appointed an industry veteran, Gregg Ribatt, as Rockport's new chief ...
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Italian shoe exports grew by 3.5% in 2017
Exports drove the Italian footwear sector in 2017, in an economic environment still characterized by both positive and negative features. Exports totaled 211.1 million pairs last year, representing a 2.5 percent increase versus 2016, for a total value which increased by 3.5 percent and reached €9.2 billion. It was the ...
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Unlimited Footwear Group sees 2018 sales up nearly 5%
Unlimited Footwear Group (UFG), the Dutch group based in Waalwijk best known for its Bullboxer brand, expects sales to increase by just below 5 percent this year, continuing the positive trend of the past, when they grew by 4.5 percent to €130 million.UFG achieves about 20 percent of its revenues ...
