All Article articles – Page 151
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A major Russian shoe retailer goes bankrupt
Obuv Com, which was once one of the biggest shoe retailers in Russia, has been declared bankrupt by the Russian Arbitrary Court. It will have to close its last five stores in Moscow and St. Petersburg.A total of 30 civil lawsuits were filed against the company with the total value ...
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Belarus expands its shoe industry, too
The government of Belarus, which has a longer tradition than Russia in shoe manufacturing, is conducting a major modernization program at the two leading shoe companies in the country to raise their production levels considerably, according to local government officials. Both of them are big exporters to Russia.In particular, the ...
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Europe exports more, China’s role declines
Exports of footwear from the European Union to the rest of the world increased by 12.5 percent in the first half of 2017, according to a preview of the World Footwear Yearbook prepared every year by Apiccaps, the Portuguese shoe industry association. The biggest increases were recorded in Germany and ...
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Clarion gets control of the Premium Group
On Jan. 22, just a couple of days after the Berlin Fashion Week, Clarion Events announced that it had acquired a majority stake in the Premium Exhibition Group by taking over the shares of Waterland Private Equity, the Dutch financial investor that bought its shares in the Premium Group in ...
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Richemont may take full control of Yoox Net-a-Porter
Richemont, the largest shareholder in Yoox Net-a-Porter (YNAP), has issued a public tender offer to purchase the shares that it does not already own, which are equivalent to about 50 percent of the company, for €38 per share. The investment would be worth about €2.7 billion. According to YNAP, the ...
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Deckers’ results exceed guidance
Deckers is continuing its recovery, exceeding its projections for the second consecutive quarter, after a period of mixed results in the past few years. Its better-than-expected performance in its third quarter, ended Dec. 31, led the company to raise its full-year outlook by approximately $500 million. It now expects sales ...
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YNAP posts double-digit sales growth
Yoox Net-A-Porter (YNAP) saw revenues jump by 16.9 percent at constant exchange rates, or by a reported 11.8 percent, to €2.1 billion in 2017, driven by solid growth in all key regions and growth across all business lines. In 2017, for the first year, sales from mobiles exceeded 50 percent ...
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Hèrmes’ growth slows down
In a preliminary statement, Hermès International reported a sales increase of only 5 percent in the fourth quarter of 2017, down from the 10 percent increase recorded in the previous nine months. However, the company indicated that its operating results were similar to those obtained in the first half of ...
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New programs to revitalize skills and jobs in Europe
The European Confederation of the Footwear Industry (CEC) is activating two new programs intended to prepare European shoe companies for a positive generational change. It is participating with other stakeholders in the broader textile, clothing, leather and footwear (TCLF) sector in a strategic four-year project, funded by the European Commission ...
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Expo Riva launches Gardabags
In an interesting and logical diversification move, the organizers of the Expo Riva Schuh show in Riva del Garda have decided to launch a new simultaneous trade show for handbags, belts and other leather accessories. Called Gardabags, it will be mainly a sourcing fair positioned in the same medium-priced segment ...
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Good growth in Italy’s exports
Assocalzaturifici estimates that Italy's total shoe exports, including the re-exportation of imported footwear, increased by 3.5 percent in 2017 to a 15-year record of €9.196 billion, with a 1.3 percent growth in volume to 208.6 million pairs.Imports fell by an estimated 0.6 percent in value to €4.671 billion and slipped ...
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The Otto family takes over Sympatex
Members of the family that own the big German Otto Group have acquired all the shares of Sympatex Technologies, following a financial reorganization of this well-known developer of functional materials. According to Sympatex, there will be no structural changes or staff restructuring initiatives and Sympatex will still operate as an ...
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A weak fourth quarter for Ferragamo
Salvatore Ferragamo posted a 8.4 percent year-on-year decline in fourth-quarter sales to €389 million due to adverse currency rates and lower promotional sales in its primary channel. Analysts were expecting a 2.5 percent decrease. At constant-currency rates, the company's quarterly sales fell by 5.1 percent.On the bright side, Ferragamo said ...
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Zalando focuses on investments and market share gains
Zalando said it would continue to focus on market share gains this year, after the German online retailer raised its turnover above the €4 billion mark in 2017 but investments put pressure on its margins.Zalando made it clear last year that it was raising investment in infrastructure and technology, at ...
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Russia makes and imports more shoes
The production of footwear grew by 11.4 percent to a total of 104 million pairs in 2017, according to the government's statistical office, Rosstat, in spite of the bankruptcy of Center Obuv, the country's largest shoe retailer and manufacturer.According to Rosstat, the local production went up on the back of ...
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Vivarte is about to sell André and Besson
Vivarte announced on Tuesday that it has entered exclusive negotiations for the sale of André, the well-known French chain of urban shoe shops that was at the start of the group, to Spartoo, one of the two leading French online shoe retailers along with Sarenza. The move supports the notion ...
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Pentland reorganizes for efficiencies and possible acquisitions
Pentland Brands is rationalizing the management of its various brands in the U.K. by closing two offices in Stockport and Wakefield, which currently host the operations of its two team sports brands, Canterbury and Mitre, respectively. These operations are set to be moved to Speedo's existing international headquarters in Nottingham ...
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The market situation seems to be improving almost everywhere
That's what has transpired from the statistics and forecasts that we have read or heard over the past few days about the economy in general, the fashion sector or its footwear segment. The U.K. was the only notable exception, due evidently to the lingering efects of the Brexit vote in ...
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Leder & Schuh improves
Reporting on a new, profitable growth trend, Leder & Schuh, the Austrian parent company of the Humanic and Shoe4You retail chains, says that its sales went up by 3.6 percent to €374 million in the past financial year. In contrast, the group had reported a sales decline of 3.6 percent ...
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Bernd Hummel licenses Homeboy
Bernd Hummel, the big German-based licensee of Pentland Brands for Kangaroos, has taken over the European license for Homeboy Loud Couture, an iconic German brand of streetwear that was taking care of its footwear line in-house. The first line developed by Bernd Hummel will be sold during the spring/summer 2019 ...
