All Article articles – Page 149
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Deichmann grows by 6%
Deichmann announced that its sales in terms of volume increased by 3 million pairs to a total of 176.6 million pairs in 2017, as compared to the previous year. The leading European shoe retailing group reported that its gross sales, adjusted for currency exchange effects, rose by 5.9 percent in ...
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Sarenza may be acquired by Casino Group
Monoprix, a subsidiary of Casino Group, has announced that it has entered into exclusive negotiations to acquire Sarenza, the European online shoe retailer. Casino is one of the main players of the French retail ecosystem. The group has more than 12,000 stores worldwide, located in France, Latin America and the ...
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Adidas sneakers’ growth slows down
Footwear was the engine behind the strong sales growth registered by the Adidas Group last year. The Adidas brand again saw its sales of sneakers and other casual styles under the Adidas Originals and Neo brand names outpace its sports performance products, but their growth is slowing down.Adidas' Originals and ...
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Alpargatas performs less well
This other major Brazilian company reported a drop of 8.2 percent in its consolidated revenues for the past year, down to 3,721.9 million reais (€925.4m-$1,148.3m). As usual, most of the revenues came from Alpargatas' Havaianas brand of rubber sandals and sales of Mizuno products under license in Brazil and Argentina.In ...
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Humanic’s parent performs better
Announcing its intention to open up to 50 new stores in the medium term in Austria and neighboring countries, Leder & Schuh reported a big improvement in operating earnings (Ebit) for last year to €15 million from €12 million in 2016, in spite of investments of €10 million for the ...
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Bogs' struggles continue
Bogs did not manage to reverse its fortunes during the latest quarter, after several months of decline. The brand's revenues for the three months ended Dec. 31 fell by 10 percent from the year-ago quarter. The management said that the fourth quarter looked very promising during the early November cold ...
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Pavers is buying Jones Bootmaker
Pavers is buying Jones Bootmaker from Endless, a private equity firm, for an undisclosed amount. The deal has been made through a pre-pack administration, a procedure which enables to sell a business as a “going concern” without affecting the continuity of business operations. The assets of the company are marketed ...
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Rocky Brands returns to profitability
After recording heavy losses in 2016, Rocky Brands' profits improved significantly in the fourth quarter and the full year. Net income came in at $4.4 million, as compared to a net loss of $634,249 for the year-ago quarter. Due to the recently enacted tax reform, Rocky recognized a one-time income ...
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Caleres posts strong results
Caleres, the owner of the Famous Footwear retail chain and brands such as Naturalizer, Sam Edelman and Franco Sarto, ended its financial year on a high note, with improvements in sales, margins and earnings.Consolidated sales reached $774.7 million for the fourth quarter ended Feb. 3, up by 9.8 percent from ...
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Zalando invests in new markets, categories and infrastructure
Zalando wants to move into two unidentified new European markets as part of multi-faceted investments targeting a sales increase of 20 percent to 25 percent and continuing market share gains this year.The German online fashion retailer raised its turnover by 23.4 percent to €4,489 million in 2017, driven by a ...
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Ferragamo’s chairman takes over as the CEO leaves
Salvatore Ferragamo's board of directors has given the power to run the company on an interim basis to its chairman, Ferruccio Ferragamo, after the company's short-lived chief executive, Eraldo Poletto, stepped down on March 8 both from his job and the board. He was replaced on the board by Giacomo ...
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Lloyd launches a new store concept in China
After a long search for a suitable location, Lloyd Shoes has opened a 70-square-meter concept store in Bremen, where the brand was founded 130 years ago. It has also launched an interesting new retail concept in China.To celebrate the opening of the Bremen store, Lloyd held a draw for invited ...
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DSW returns to profit growth, closes Ebuys
DSW ended its fiscal year on a high note, cashing in profits that exceeded its guidance. A strong fourth quarter enabled the U.S. shoe retail company to grow its adjusted annual net income for the first time in four years. Net revenues went up by 7 percent in the quarter ...
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Quick Schuh introduces a new store concept
ANWR has developed a new image for its Quick Schuh franchised retail concept for 2018. Pedro David Mastrorilli is responsible for the re-launch together with Nicole Wesner and Hans-Jörg Siegers. The aim is to increase customer frequency and space productivity of the stores and to define a clear positioning of ...
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Vans’ ongoing strength drives VF Corp.
Before announcing the sale of Nautica and the acquisition of Altra, a highly technical brand of running shoes, VF Corporation said that the Vans brand finished the past year with an impressive rise in demand, as its sales surged by 35 percent in constant currencies in the last quarter, with ample ...
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Crocs’ sales top guidance but shares fall on weak outlook
After three consecutive quarters of better-than-expected growth, Crocs is continuing on this upward trend, posting sales for the fourth quarter that again exceeded its sales projections, led by the Americas region. Despite these positive results, the company's share value fell by nearly 2 percent, as analysts were disappointed about the ...
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Currency headwinds weigh on Grendene's results
Weak exports slowed down Grendene's sales last year, although this was offset by a stronger performance in the domestic Brazilian market. The company's international sales went up only slightly by 1.4 percent from the previous year to 621.1 million Brazilian reais (€156.7m-$190.9m).The management blamed the end of Propai's export incentives ...
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A record year for Ecco
Ecco said it achieved its best financial results to date in 2017, despite a challenging retail environment and currency headwinds. Pre-tax earnings increased by 8 percent from the previous year to €183.8 million, on a turnover that rose by 2 percent to €1,276 million. Currency fluctuations had a negative impact, ...
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The European industry needs new people
One of the most interesting events held during the recent Micam Milano trade show was a conference where a group of about 250 students from all over Italy were invited to check out some of the most stimulating opportunities offered to them by joining the footwear industry. They were told, ...
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Portuguese shoe exports are on the rise
Portugal exported 83 million pairs of shoes in 2017, according to Statistics Portugal, worth €1,965 million, an increase of 2.8 percent as compared to the previous year. It was the eighth consecutive year of export growth for Portuguese footwear. Since 2009, the increase has been of around 55 percent. Europe ...
