All Article articles – Page 147
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CCC expands in Romania and Ukraine
CCC Shoes & Bags announced late last month its acquisition of a shoe retailer in Romania, Shoe Express, for €33 million. The company was previously owned by Peeraj Brands, the exclusive franchisee of CCC in the country, with a network of 54 stores generating annual revenues of €33 million.CCC sees ...
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Strong interest for this week’s UITIC Congress in Porto
About 500 delegates from more than 30 countries around the world - about 240 of them from Portugal - have registered to attend the 20th edition of the UITIC Congress in the Portuguese city of Porto on May 16-18 to learn more about the development of the shoe sector, particularly ...
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New cooperations over the web in Germany
Schuhe.de, the fast-growing German internet platform for shoe retailers run by the ANWR Group, has signed a cooperation agreement with Amazon. Retailers affiliated with schuhe.de will be able to offer their product lines through Amazon. ANWR recently signed similar agreements with Zalando, eBay and Spartoo, the French online shoe retailer ...
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Vans is still driving VF Corp’s growth
The Vans brand continues to lift VF Corporation's results. The brand's sales for the three months ended March 31 jumped by 45 percent in dollars and by 39 percent in local currencies, with balanced growth across regions and channels. In reported dollars, Vans' turnover was up by 53 percent from ...
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Paper packaging costs are rising
In looking at the full range of social and environmental issues facing the paper industry, there are a few key themes that are causing quite a bit of turmoil in supply and demand, directly affecting Asian prices.Paper consumption has reached unsustainably high levels, particularly in Asia. Paper use is steadily ...
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Stonefly develops synergies with Lotto
This is another, bigger Italian brand of comfort shoes that is seeking to rejuvenate its image, targeting customers between the ages of 30 and 40, reinforcing its offerings in the men's segment and adding a sneaker-inspired touch to its comfort shoes with some of its latest lightweight, flexible models.On the ...
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Grendene’s export volumes slow down
Grendene's sales increased by 6.9 percent in the first quarter to 621 million Brazilian reais (€145.7m-$172.9m), led by a recovery in volumes and gains in industrial efficiency that led the Brazilian group to post a record operating profits.The parent company of Ipanema, Melissa, Rider and Grendha recorded sales growth both ...
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Yue Yuen produces and earns less
An expected drop in revenues from manufacturing led Yue Yuen Industrial Holdings to report a decline of 18 percent in comprehensive net income to $119.0 million for the first quarter ended March 31. Taking out extraordinary items, net earnings were still down by 13.8 percent to $90.8 million.The world's largest ...
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Frau explores foreign markets
Led by its second generation, Frau, a brand of innovative, comfortable and stylish shoes for men and women “made in Italy,” has just launched a revamped website and online store. It has also started exploring foreign markets, following major investments in design and technology made under the management of Gabriella ...
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Ferragamo’s shoes lose steam
Salvatore Ferragamo posted a 1.7 percent year-on-year decline in first-quarter sales to €303.9 million. But, at constant-currency rates, quarterly sales rose by 1.7 percent, with the wholesale business performing slightly better than the company's stores in Europe.On a global basis, the company's sales of footwear declined by 5.3 percent in ...
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Vulcabras grows only in the sports segment
Vulcabras Azaleia did not grow in the first quarter as fast as it did in 2017, leading up to its public offering in October. The management explained this with the fact that expectations for improved consumption of apparel and footwear in Brazil seem to have been postponed.While the company was ...
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Wolverine reinvests its improved margins
Wolverine Worldwide reported a record net profit of $46.7 million for the first quarter ended March 31, up from $16.7 million in the year-ago period, thanks in part to lower taxes and a foreign exchange gain of $8 million.Sales declined by 9.7 percent to $534.1 million, but they were up ...
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JD.com’s sales increase at a slower pace
JD.com, the second-largest e-commerce firm in China after the Alibaba Group, has announced revenues of 100.1 billion yuan renminbi (€13bn-$16bn) for the first quarter of 2018, marking an increase of 33.1 percent from the first quarter of 2017. It also showed its slowest quarterly revenue growth since the company went public, ...
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Rocky Brands is off to a strong start in 2018
After returning to profitability in 2017, following heavy losses in 2016, Rocky Brands' profits rocketed in the first quarter of this year. Net income jumped by 117.3 percent from the year-ago quarter to $3.3 million.The group's sales declined by 2.7 percent to $61.4 million, but this included approximately $1.9 million ...
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CCC expands rapidly abroad
CCC, the Polish-based chain of shoe and leathergoods stores, saw its annual revenues jump by one-third in 2017, boosted by its fast international expansion. The group, which is also a major producer, has quickly become the largest footwear retail company in Central Europe.Meanwhile, the group is working on the development ...
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Trump’s sanctions will affect the Russian shoe market
Major Russian shoe and clothing retailers warned customers that they would not be able to maintain their current prices for long, as the recently imposed U.S. sanctions have sent the exchange rate of the national currency soaring. Four years ago, a similar warning caused by the devaluation of the ruble ...
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Vietnam’s exports of footwear and bags on the rise
Exports of Vietnam's shoes and bags reached $18.1 billion in 2017, up 10.7 percent as compared to the prior year, according to the Vietnam Leather, Footwear and Handbag Association (Lefaso). The U.S. was the main market, accounting for 35.9 percent, followed by the European Union (EU) with 30.6 percent, and ...
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Bally boosts profits, with higher sales in the U.S. and Japan
The new Chinese owners of Bally seem on a winning streak with their recent investment in the high-end Swiss shoe and leathergoods brand, which reportedly last year made its biggest underlying operating profit (Ebitda). The stellar results are the result of a major turnaround program undertaken over the last two ...
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Nine West goes bankrupt
Nine West Holdings has filed for voluntary Chapter 11 bankruptcy proceedings, protecting the diversified American group from the growing pressure of its creditors, who are owed a total of $1.5 billion, in a rapidly changing retail landscape. It has received new debtor-in-possession financing of $300 million, which will allow new ...
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Big quarterly gains, but weak outlook for Skechers
Skechers USA again posted record revenues for the first quarter ended March 31, after surpassing the threshold of $4 billion in annual sales for the first time in 2017. However, investors apparently felt that the brand's strong momentum may be softening, sending the share price down by nearly 24 percent, ...
