All Article articles – Page 154
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Athletic shoes drive Yue Yuen sales rise
Yue Yuen Industrial saw its turnover move up by 6.7 percent to $6,718.0 million for the nine months until the end of September, driven by an increase in sales of athletic shoes and the group's retail business.The group reported that its sales of athletic shoes jumped by 3.0 percent to ...
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Azaleia’s parent returns to the stock market
After a spectacular reorganization and recovery over the past few years, Vulcabras Azaleia is going public again, pricing the 68,420,000 shares offered at 9.50 reais each in order to raise net proceeds of R$550 million (€143.8m-$168.8m). The total proceeds may increase by R$71.8 million (€18.8m-$22.0m) if an over-allotment option for a ...
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BasicNet posts mixed results for its brands
The parent company of K-Way, Kappa, Robe di Kappa, Superga and other brands reported aggregate wholesale-equivalent sales of €570 million for the first nine months of this year, an increase of 2.4 percent as compared to the first nine months of 2016. Sales by the group's commercial licensees increased by ...
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Better results for Crocs
Although Crocs' revenues for the third quarter were off by 1.1 percent from the year-ago quarter, down to $243.3 million, they were above the top end of the company's revenue guidance, exceeding analysts' expectations. Income from operations improved to $2.7 million, as compared to last year's loss of $1.2 million.The ...
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Bogs continues to decline at Weyco Group
Weyco Group posted a mixed quarter, as sales of its Bogs brand of boots continued to decline. Bogs' sales went down by 4 percent from the year-ago quarter, reflecting the continued softness in the outdoor and better footwear retail channels in the U.S. The management said the brand's sales were ...
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Rocky Brands offloads Creative Recreation
Rocky Brands has sold its casual footwear brand, Creative Recreation, to a private equity firm, the Global Investment Group, at undisclosed conditions.Rocky had bought the brand in 2013 for $11 million in an effort to diversify beyond the outdoor, work and military boot businesses. It has now decided to concentrate ...
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Caleres posts higher sales and margins despite the weather
Caleres, the owner of the Famous Footwear retail chain and brands such as Naturalizer, Sam Edelman and Franco Sarto, reported consolidated sales of $774.7 million for the third quarter, up by 5.8 percent on an annualized basis. The figure includes Allen Edmonds, which was acquired in December of 2016. Net ...
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Shoe Carnival raises its fiscal year outlook
While DSW's management feels that the athleisure trend may have peaked in the U.S., judging from the recent results of Gap and Abercombie & Fitch, the management of Shoe Carnival, whose stores tend to cater to the whole family, sees no end to it, especially in the women's sector. While ...
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The Ferragamo family confirms its corporate governance
Members of the Ferragamo family have signed a new three-year agreement that sets corporate governance guidelines for their relationship with the Salvatore Ferragamo Group, the company named after the famous shoe designer who set it up in Florence in 1927, and other family-owned assets.In an interview with the daily Corriere ...
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Zalando posts a loss as sales rocket, investments continue
Zalando recorded a net loss of €11.1 million for the third quarter, compared with net income of €5 million for the year-ago quarter. The adjusted operating profit (Ebit) before non-operating one-time effects fell to €400,000 from €19.5 million.The company had warned last month that it might post a loss in ...
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Tax-free shopping rises by double digits in some European countries
Tax-free shopping in Europe increased by 11 percent in the first nine months of 2017. This is what emerged in the recent data presented by Global Blue for Altagamma's annual monitor. The result reverses a slight decrease that had occurred last year. According to Global Blue's analysts, the growth is ...
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Deckers’ results improve
Following several quarters of mixed results, Deckers Brands posted a solid quarter that topped analysts' expectations. This led the company to raise its full-year outlook. It now expects sales for the year ending March 31, 2018 to go up in a range of one to two percent as compared with ...
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Geox disappoints
Geox posted disappointing third-quarter results, missing market expectations by about €10 million, and slightly cut its revenue growth forecast for the full year. According to an investment broker, Equita, the estimates given for spring/summer 2018 orders were also below expectations.In the first nine months of this year, the company's revenues ...
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Wolverine quantifies its gains from divestitures
Wolverine Worldwide is trying to maximize margins instead of sales to cope with what it calls “the new normal” of slow growth.Announcing the completion of the portfolio management initiatives it had planned for the current financial year, Wolverine indicated that they would have saved $6.8 million in operating results if ...
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Yoox Net-A-Porter reports double-digit growth
Yoox Net-A-Porter (YNAP) reported sales of €481.8 million for the third quarter of 2017, up by 10.7 percent from the same quarter of 2016. In local currencies, organic sales increased by 17.7 percent. The growth was driven by positive performance in all key markets, with marked acceleration in the U.K. ...
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DSW’s footwear sales go up, but Ebuys weighs on results
DSW reported a sales increase of 1.7 percent to $708.3 million for the third quarter ended Oct. 28, as compared to the same period a year ago. They were slightly below analysts' projections. On a same-store basis, however, sales decreased by 0.4 percent. The company attributed the decline to the ...
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Shoe Zone expects full-year earnings in line with guidance
Shoe zone, the U.K.'s biggest discount shoe retailer, said in a trading update that despite foreign exchange headwinds, it expects to deliver full year profit before tax broadly in line with expectations. It also anticipates reporting a drop in revenues for the full year ended Sept. 30 due to the ...
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Grendene’s exports weigh on results
Weak exports dragged down Grendene's sales for the third quarter, although they were offset by stronger sales in the domestic Brazilian market. Revenues were up by 10.7 percent from the year-ago quarter to 723.9 million Brazilian reais (€192.2m-$222.8m), building up to an increase of 9.4 percent for the first nine ...
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Sales pick up speed at Hermès
Hermès has announced the construction of two new workshops in France, employing 500 people, that should become operational by 2020 to cope with the recovery in the luxury goods market and the rising demand for its handbags and other leathergoods. The company has 15 leather workshops in France with a ...
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Netshoes shows improvement
The world's biggest pure e-commerce player in the sporting goods sector remained in the red in the third quarter and the first nine months of this year. It reported net losses of 30.3 million Brazilian reais (€7.9m-$9.3m) for the latest quarter and of R$120.6 million (€31.4m-$37.0m) for the nine months. Excluding extraordinary ...
