All Article articles – Page 155
-
Article
Vivarte sells its Spanish shoe retail operations
After more than one year of discussions and negotiations, the French Vivarte group of shoe and apparel retail chains has sold its only property outside its domestic market, Merkal, a network of more than 220 shoe shops in Spain, to a British private equity fund, OpCapita. The transaction, which is ...
-
Article
Luxury sales rebound worldwide
Sales of personal luxury goods such as high-end shoes, handbags and jewelry are set to increase by 6 percent at constant exchange rates in 2017 to €262 billion, according to the latest estimates by Bain & Co., made in an annual report compiled with Italy's Altagamma. This increase would mark ...
-
Article
The casual shoe market rose by 2.1% in 2016
The branded casual footwear market recorded a small increase of 2.1 percent to an estimated level of $17.5 billion in 2016, declining by 1.5 percent in the U.S. and rising by 4.9 percent in the rest of the world.The tepid increase can be attributed to the ongoing athleisure trend, which ...
-
Article
The Italian shoe industry’s recovery picked up in Q2
The Italian footwear industry's revenues rose by an estimated 2.9 percent in the first half of this year while its production grew by 0.9 percent. The data marked a significant improvement compared with the whole of 2016, when production rose by only 0.3 percent in value and dropped by 2.0 ...
-
Article
Hunter is on track despite a poor 2016
The sales revenues of Hunter Boots slumped 9.5 percent to £102.9 million (€115.7m-$135.8m) in the past year from £113.7 million and the British firm's adjusted profit on an Ebitda basis dropped to £9.2 million (€10.3m-$12.1m) from £14.1 million a year earlier. The British heritage brand said this was in line with expectations ...
-
Article
Chinese consumers gain wider access to European shoes
The European Confederation of the Footwear Industry (CEC) has signed an exclusive partnership agreement with Secoo, an Asian premium lifestyle platform based in Beijing. Through this partnership, Secoo will carry premium artisanal shoes from several European countries including Italy, France and Spain. CEC's member companies represent around 87 percent of ...
-
Article
Aerosoles closes stores in the U.S. and Europe
Aerogroup, the U.S.-based parent company of Aerosoles, filed for bankrutpcy protection at a federal court in Delaware on Sept. 15, requesting a special insolvency status that will allow it to continue to pay its creditors and its employees. A few days later, it said it was going to close all ...
-
Article
Will anti-dumping duties be restored in Europe?
The European Parliament, the Council and the Commission have reached a compromise agreement on the methodology that should be used for the calculation of dumping margins and other market distortions that is expected to be more transparent than the previous one. Declining to consider China as a market economy, despite ...
-
Article
ANWR and Sabu reorganize their in-house shows
The ANWR Group is again changing the dates of its next in-house order fairs for autumn 2018 and spring 2019 while extending the duration of the shows by one additional day. The ANWR Order show for autumn 2018 deliveries will take place one week earlier as planned, on March 14-16, immediately after ...
-
Article
Asian interest for Bally
The first expressions of interest in Bally are arriving, with the Fosun Group and Fujian Septwolves Industry from China and Itochu from Japan said to be among the interested parties, according to Bloomberg. JAB Holding, which has just completed the sale of Jimmy Choo to Michael Kors for $1.2 billion, ...
-
Article
Marcato asks for Deckers to focus on Ugg
Marcator Capital Management, the activist minority shareholder in Deckers Brands that has asked for a complete overhaul of its board of directors, has laid out its proposals for a detailed restructuring plan that calls for the sale of all its assets except for Ugg, arguing that it would quadruple the ...
-
Article
Spanish shoe production is stable, but the average value goes up
Figures from the Spanish shoe industry association, Fice, show that the country's shoe production remained largely stable in 2016 as compared to 2015. It dropped only slightly by 0.7 percent to a total volume of 102 million pairs.In terms of value, Spain's shoe production increased by 2.3 percent to a ...
-
Article
Murray leaves Dr. Martens with a bang
Steve Murray is leaving as chief executive of Airwear International and Dr. Martens after three years at its helm as the company reports excellent results for the financial year ended March 31, with double-digit growth in retail, e-commerce and wholesale operations. Paul Mason, chairman of the British company, will run ...
-
Article
Vietnam and Bangladesh perform better than India
India's exports of footwear, leather and leathergoods declined by 3.23 percent in the last financial year, falling for the second consecutive year. They amounted to $5.66 billion for the year from April 2016 to March 2017 as compared to $5.85 billion in the previous year. The drop follows a fall ...
-
Article
CCC keeps growing but margins decline
CCC Austria, the subsidiary of the Polish shoe chain company CCC, is continuing its international expansion with the opening of more stores in Slovenia, where it now has 13 doors. The company recently opened its largest Slovenian store in a new shopping center in Kranj, the fourth-largest city in Slovenia ...
-
Article
Clarks makes higher losses
C&J Clark reported a pre-tax loss of £33.1 million (€37.1m-$43.6m) for the first half ended July 31, up from a loss of £10.1 million in the same period a year ago. Operating losses increased to £28.6 million (€32.1m-$37.7m) from £3.1 million due to a variety of factors including the post-Brexit devaluation ...
-
Article
Stella records slight dip in revenues despite volume rise
Stella International's revenues for the three months to Sept. 30 decreased by 2.5 percent from the same quarter last year to $443.5 million. However, volumes rose by 4.1 percent, with 15.2 million pairs of shoes shipped by the Chinese company during the period. The company said this was due to ...
-
Article
Skechers posts a stellar quarter, driven by international
Skechers USA reported an exceptionally strong quarter, with revenues for the three months to Sept. 30 hitting a record high. They jumped by 16.2 percent from the quarter a year ago, to $1,095 million, boosted by strong international growth, especially in China and Europe. In addition, net income rocketed by ...
-
Article
Strong interest for Else’s personalization system
A start-up company, Else Corp, launched an experimental online platform for mass customization of shoes at theMicam show in Milan last month. It drew a lot of interest at the show for a number of reasons including a proposal to act as an open cloud-based platform that can be used ...
-
Article
Obuv Rossii goes public to fuel expansion
Obuv Rossii, which is rated as Russia's second-largest footwear retail group after CentrObuv and the leading player in the medium-priced segment of the country's shoe market, went public on the Moscow Stock Exchange on Oct. 19, collecting proceeds of 5.9 billion rubles (€87m-$103m) for 40 percent of its shares, priced ...
