All Article articles – Page 153
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The Italian government partners with Yoox in U.S. and China
The Italian trade promotion agency, Istituto per il Commercio Estero (Ice), has entered into a partnership with Yoox Net-a-Porter to promote exports by small and medium-sized enterprises in the fashion sector. The project, which is called Hidden Italian Gems, aims to help 100 SMEs boost their sales in the U.S. ...
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Clarks unveils new in-store inventory system
Clarks has turned to a patented, fast-reading barcode software to develop a new in-store scanning solution to improve response times and the related productivity. The Stock Assist app is based on technology provided by Scandit, a developer of mobile data capture solutions. It will be implemented at the suppliers' factories ...
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More dance shoes pledged for Russia
Russia's major manufacturer of dance shoes, Delfin, is about to boost production volumes from the current 50,000 pairs to nearly 85,000 pairs per month during the coming years, says the Russian Business Consulting agency, citing the company's executives.One of the reasons for the possible expansion is that the actual size ...
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New development plans for Heinrich Dinkelacker
Shoepassion plans to invest further into Heinrich Dinkelacker, the traditional brand of high-end men's shoes with a “budapester” construction that it bought a year ago. After investing in a new ERP system and new machinery for its factory near Stuttgart, which makes around 10,000 pairs a year, the Berlin-based retailer ...
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Italy’s fashion industry is disadvantaged
The interim results and profit warnings recently released by major listed Italian fashion houses like Salvatore Ferragamo, Tod's and Prada painted a grim picture of declining sales, while the results posted by their biggest French rivals -Hermès, LVMH and Kering - were rosy. This tale of two industries prompts a ...
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End of the rope for Rebeca Sanver?
Florencia Marco, the Spanish shoe company that owns the brands Rebeca Sanver, To Be and Pimientos, is reportedly facing liquidation after being given bankruptcy protection from its creditors last Sept. 19. Officials of the company and its judicial administrator, Carlos Felipe Ros Álvarez, could not be reached for comment, but ...
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Zalando expands its partnership program
Zalando has reportedly doubled the sales generated by its brand partnership programs in the last year, enabling brands to take advantage of Europe's leading online fashion retailing platform to sell extra products and compete more effectively with Amazon.The German company sells about 2,000 brands in 15 European countries, buying products ...
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Schuh shines in Genesco’s results
The share price of Genesco, the U.S.-based owner of Journeys and other retail banners including Schuh in the U.K., dropped by 18.5 percent after the company took a colossal impairment charge to write-down the value of its Lids chain and lowered its outlook for the year.Genesco posted a loss from ...
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Little growth for Italy’s shoe industry
The revenues of the Italian footwear industry rose by an estimated 2.1 percent in the first nine months of this year, while production went up by 0.7 percent in volume, according to its trade association, Assocalzaturifici, but the third quarter was largely flat.The latest available trade statistics for the first ...
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Russian shoe imports rebound
Russian footwear imports have rebounded in 2017 and will probably close the year around the $3 billion threshold, according to World Footwear. In the first half, imports increased by 41.9 percent in volume and 32.6 percent in value. Leather shoes dominated with 48 percent of imports, followed by rubber and ...
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Strong year-end for Obuv Rossii
Anton Titov is the founder, general manager and main shareholder in Obuv Rossii, the largest medium-priced shoe retailer on the Russian market, which went public a few weeks ago. On Dec. 20, the company announced his plans to buy more shares in the company, which is riding on a strong ...
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Good launch for Shoes from Spain B2B
Performing beyond expectations, the new international online ordering platform for Spanish shoes has already registered more than 1,200 buyers in several countries around the world. The Spanish shoe industry federation (Fice), which launched the new project last August, says that some 70 new retailers are joining the platform on average ...
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Ferragamo’s sales slip, and 2018 will be challenging
Salvatore Ferragamo posted a 0.9 percent decline in sales to €1,005 million for the first nine months of this year, with currency-neutral revenues rising by 0.2 percent. The third quarter was particularly tough for the Italian company, with a drop of 5.5 percent in consolidated sales to €287 million.Retail sales ...
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Yoox launches self-destructing ads
There are new ways to attract customers and trigger the purchasing act besides temporary stores, limited editions, Black Friday and Cyber Monday promotions or the system developed by Vente Privé.The Italian-based fashion and luxury e-tailer has launched a series of shoppable ads which self-destruct in 15 seconds. Each of the ads ...
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Wolverine raises guidance after better-than-expected results
Wolverine Worldwide reported a drop in revenues of 3.7 percent to $581.3 million for the 13 weeks to Sept. 30. Adjusted revenues, which take into account an extra week added through a change in the financial calendar, were down by 8.0 percent. The year-ago quarter had 12 weeks and ended ...
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Vans strides ahead
There were no signs of a slowdown in the third quarter for the Vans brand, which delivered a 26 percent sales increase in constant currencies and led the growth of the outdoor and action sports division at VF Corp.The performance encouraged VF to raise its forecast again for this full ...
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Alibaba breaks new records
Alibaba hit a new record with its Singles Day shopping festival on Nov. 11, generating sales of $25.3 billion, 40 percent above the score reached a year ago. The event is a much bigger replica of the Black Friday and Cyber Monday promotions that are becoming common in the Western ...
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Russia is not ready to allow exports of rawhides
Russia will keep export of rawhides from the country banned for as long as is needed to support the domestic shoes industry, so it is unlikely that the restrictions will be lifted in April 2018, Alexey Medvedev, the spokesperson of the country's Economy Development Ministry told Shoe Intelligence.In October 2014, ...
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Mixed results for Alpargatas
Alpargatas, the Brazilian company that owns Havaianas and licenses Mizuno, reports that its performance has started recovering compared with the first half of the year, but the Brazilian group's turnover and net profit in the third quarter remained below the year-ago period.The group's sales tumbled by 3.2 percent to 951.1 ...
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Italy’s shoe exports recover in the CIS area
The Italian shoe industry association, Assocalzaturifici, reports an excellent response to the Italian shoemakers' collections shown at the recent Obuv Mir Kozi fair in Moscow and the Shoes from Italy exhibitions organized in concert with the Italian Export Commission (Ice) in Almaty and Kiev.Ice has given further assistance to the ...
