All Article articles – Page 15
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ArticleFerragamo cautious about the short-term
Salvatore Ferragamo posted a loss in 2024 and expressed caution about short-term developments. ”Considering the uncertainties over demand by luxury consumers, we remain cautious on short-term expectations,” the Italian fashion house said when releasing its final full-year results. Ferragamo had already released its sales figures on Jan. 30. In 2024, ...
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ArticleGerman footwear retailers struggle as sales plummet
Separate surveys painted a mixed picture of the health of the footwear sector in Germany, as the industry faces global shifts amid continued economic and geopolitical uncertainty, bureaucratic and regulatory hurdles and the growing competition from Asian e-commerce platforms. A recent survey by Germany’s textile, shoes and leather goods trade ...
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ArticleWeyco’s sales steady in Q4
The sales of Weyco Group steadied in the fourth quarter of 2024, with sales of $80.5 million, flat compared to the $80.6 million seen the year earlier after declines in the previous three quarters. Timid growth in both its wholesale and retail businesses in North America was offset by a ...
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ArticleZalando sees GMV, revenues up 4-9% in 2025
Zalando expects gross merchandise volume (GMV) and revenues to grow by between 4 percent and 9 percent this year, driven by the successful execution of its ecosystem strategy across both business-to-consumer (B2C) and business-to-business (B2B) growth vectors. In 2024, the German online fashion retailer posted a GMV of €15.296 billion, ...
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ArticleC-Suite interview: Piccadilly celebrates 70 years with good growth prospects
Piccadilly is one of the oldest shoe companies in Brazil. Founded in 1955 by Almiro Grings, it started with an initial production of 12 pairs of shoes a day. Today it exports to 100 countries around the world and has a turnover of approximately 600 million Brazilian reais ($120 million). ...
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ArticlePrada’s full-year sales rise 15%
In 2024, Prada Group’s net revenues rose by 15 percent year-on-year to €5,432 million. At constant exchange rates, top-line revenue grew by 17 percent, driven by a near doubling in Miu Miu’s sales. Retail sales were also up by 16 percent at actual exchange rates and by 18 percent at ...
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ArticleGrendene’s Q4 sales rise 13% as exports grow
Grendene reported gross revenues in the fourth quarter of 2024 of 1,043.5 million reias (€170.9m), up by 12.9 percent compared to the year earlier and led by a surge in sales on foreign markets despite a host of challenges including global economic and political uncertainty, shipment delays, growing signs of ...
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ArticleExtra US tariffs on Chinese imports create ‘really challenging environment’ - FDRA
The announcement by the US President, Donald Trump, of the introduction of an additional 10 percent tariff on Chinese imports from March 4 would create a “really challenging environment” for US importers fo Chinese footwear, according to Matt Priest, the President and CEO of the trade association Footwear Distributors and ...
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ArticleMoreschi receives offers to take over its assets
Moreschi, an Italian producer of upscale shoes that was put into liquidation in July 2024, has received several offers for its assets. “We had already received several expressions of interest, the last of which took the form of an offer to acquire the Moreschi and Stemar brands, the 18,000-meter factory ...
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ArticleSteve Madden sees double-digit sales growth from Kurt Geiger acquisition amid ‘meaningful headwinds’
Steve Madden anticipates that sales will increase this year by 17-19 percent, as its top line is boosted by the recently announced acquisition of Kurt Geiger. Excluding the British company, for which Steve Madden anticipates deal closing on May 1, sales are seen rising by a low-single-digit percentage. “We are ...
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ArticleRocky Brands cautiously optimistic after better-than-expected Q4
Rocky Brands is cautiously optimistic about the prospects for 2025 after posting better-than-expected sales in the fourth quarter of 2024 and seeing continued momentum at the start of 2025. Sales in the fourth quarter ended Dec. 31 increased by 1.7 percent to $128.1 million versus the year earlier, with growth ...
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ArticleMicam’s attendance remains above 40,000
The trade shows Micam Milano, Milano Fashion&Jewels, Mipel and The One Milano attracted 40,449 visitors, 55 percent of whom came from Italy and the remaining 45 percent from 127 countries, including Japan, China, France, Spain, Germany, Greece and Turkey. The attendance was roughly in line with the previous edition. In ...
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ArticleItalian footwear manufacturers’ revenues drop by 9.4% in 2024
In 2024, revenues of Italian manufacturers totaled €13.2 billion, down by 9.4 percent compared to the year earlier, according to a survey carried out in January by Confindustria Accessori Moda among members of the Italian footwear association Assocalzaturifici. The decline is in line with a previous estimate released in January. ...
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ArticleGörtz announces layoffs as its insolvency crisis deepens
The German shoe retailer Görtz continues to navigate dire straits as it grapples with insolvency issues across multiple fronts. Görtz Retail GmbH announced the layoff of 93 employees, after the Federal Employment Agency rejected the retailer’s application for pre-financing of insolvency benefits, affecting approximately 400 workers. The layoffs ...
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ArticleAlpargatas books more inventory write-offs
Alpartagas, the parent company of Havaianas, took an inventory write-off of 164.3 million Brazilian reais (€27.4m) in the fourth quarter of 2024 and R$227.3 million (€37.1m) for the full year. The company had generated inventory surplus in 2021 and 2022. Alpartagas said that it following the write-off it ”is now ...
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ArticlePortuguese footwear exports rise in volume, fall in value
The Portuguese footwear industry exported 67 million pairs of shoes worldwide in 2024, up 3.3 percent from 2023. However, in value, exports fell by 6.5 perdent to €1.702 billion, according to the Portuguese footwear association Apiccaps citing preliminary data from the country’s statistics institute, INE. Portugal exports more than 90 ...
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ArticleGerman court rejects Birkenstock attempt to obtain copyright protection for its sandals
Birkenstock’s attempt to obtain copyright protection in Germany for its signature cork-soled sandals as “works of applied art” has failed, according to a statement released by the rival footwear company, Wortmann Group. Birkenstock filed three separate lawsuits for copyright infringement with Germany’s Federal Court of Justice (BGH), the country’s highest ...
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ArticleBirkenstock’s Q1 sales come in below expectations
In the fiscal first quarter ended Dec. 31, Birkenstock Holding, the UK-based owner of the German sandal maker Birkenstock, posted revenues of €361.7 million, a year-over-year increase of 19 percent on a reported and constant currency basis but below market expectations by about €10 million. The top line was underpinned ...
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ArticleFirst phase of Wolverine’s turnaround is complete
Wolverine Worldwide, the parent company of Merrell and Saucony parent, in reporting its fourth-quarter results, said the first phase of its turnaround strategy is completed with cost cuts and margin expansions as key highlights of the effort. However, the company continues to face macroeconomic uncertainties within retail and possible tariff ...
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ArticleGoldstar notches another win against Birkenstock in French court
The Italian footwear manufacturer Rafting Goldstar has won another round in a long-running legal dispute with the German shoe manufacturer Birkenstock. The French Court of Appeal upheld the decision of the European Court of Justice from 2018, when judges dismissed the Rhineland-Palatinate-based sandal maker’s lawsuit against the Italian family-owned ...
