All Article articles – Page 156
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JD founders said to plan IPO for Footasylum
John Wardle and David Makin, the founders of JD Sports, are preparing for the launch of their second sports retail business on the London Stock Exchange, Sky News reports. The initial public offering (IPO) of Footasylum, which has grown to 59 stores around the U.K., was said to be targeting ...
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The relaunch of Swear
Farfetch's founder, José Neves, is relaunching Swear, the footwear brand he created 22 years ago. The brand is being relaunched with a new positioning, as the first unisex luxury sneakers without seasonality and fully customizable. The goal is to target the next generation of luxury consumers.Swear's new retail model, which ...
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Jimmy Choo’s pre-tax profits jump by 174%
Jimmy Choo reported strong revenues and earnings for the six months to June 30, citing continued growth in sales and margins despite a challenging operating environment. The company benefited from the weak pound and a strong performance in the expanding men's category.Total revenues were up by 16.5 percent over the ...
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The digital trend affects Genesco and others
The major American shoe retail chains posted mixed results for their latest quarter through the end of July, due in part to a quick shift in consumption patterns from traditional shopping in the malls to online purchases, which is benefiting pure players like Zappos and its parent company, Amazon. However, ...
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China’s Huajian will invest more in Africa
Huajian's chairman, Zhang Huarong, recently met with the director general of the United Nations International Development Organisation (Unido), Li Yong, who reportedly commended the big Chinese shoe manufacturing group for its contribution to industrial development in Africa.Huajian is working alongside Unido to promote technical education and training programs in Africa, ...
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Shoe Carnival raises outlook after better-than-expected results
After a difficult start to its fiscal year, when sales tumbled by more than 23 percent in the first quarter, Shoe Carnival enjoyed a better second quarter, which sent its shares up by 13 percent. In the three months ended July 29, the American shoe retailer's sales were up by ...
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Prada posts poor results, ahead of its digitalization
The Prada Group announced a disappointing set of first-half results, sending the stock down by 14 percent on the day on the Hong Kong stock exchange, where it is listed. An investment broker, CLSA, downgraded the stock to “sell,” claiming that the group has been unable to ride the luxury ...
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Alibaba will have its shopping mall
Paying homage to the growing hybrid online-offline retail trend, the Alibaba Group disclosed plans to set up its own shopping center on the east side of the big Chinese city of Hangzhou, where it has its own world headquarters.The More Mall, as it will be called, will feature the physical ...
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Bangladesh has its first shoe show and big ambitions
The shoe and leathergoods industry of Bangladesh is organizing the country's first footwear trade show in November while the Bangladeshi government is considering the launch of a major program to promote the growth of the sector, which has been scoring encouraging advances on the export front in recent years.Bangladesh's footwear ...
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A new anti-discounting program for Marc Shoes
Berkemann, the German producer of comfort shoes, has been struggling in various ways to turn around Marc Shoes since it acquired the brand six years ago. It has now decided to strike an interesting new partnership with its retail clients, called “New Ways,” offering to take back any merchandise they ...
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Athleisure helps Stella pull off strong results
Stella International saw revenues for the six months to June 30 advance by 5.7 percent to $762.4 million. Volumes also rose, with 27 million pairs of shoes shipped - an increase of 6.3 percent over the year-ago period.The company attributed this performance to increasing demand for “fashion athletic products” and ...
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Linda Bennett buys back her business
Linda Bennett has regained control over LK Bennett, the British women's footwear and apparel retail and wholesale company that she founded 27 years ago with a focus on accessible luxury. She has bought back the controlling stake she had sold to Phoenix Equity Partners and Serius Equity in 2007 in ...
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Vivarte’s La Halle is becoming a profitable business
The Vivarte group is targeting a turnover of €1.2 billion and Ebitda of €100 million by 2020 for La Halle, its restructured chain of low-cost apparel and footwear stores, which made an estimated loss of about €1 million on sales of €1 billion in the financial year ended last month.The ...
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Privatized, Belle will tackle its non-athletic footwear business
Belle International Holdings, the big Chinese retailer which operates more than 20,000 footwear and sports stores, was delisted from the Hong Kong stock exchange on July 27, after a privatization process that turned Hillhouse Capital Group into the company's majority shareholder.Belle had been listed for about a decade but a ...
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Famous Footwear pushes up Caleres’ revenues
Caleres' revenues grew by 8.7 percent to $677 million for its second quarter ended July 29, 2017, exceeding analysts' forecasts for sales of $668.9 million.This was partly due to the acquisition last December of Allen Edmonds, the American brand of high-end men's shoes, and to strong sales at the company's ...
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The HR Group consolidates logistics
The Hamm Reno Group has slashed its workforce by approximately 120 as part of ongoing restructuring efforts in the face of stiff competition from e-tailers. As reported in July, the group had already announced its decision to eliminate a redundant logistics structure by closing the distribution center at the company's ...
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Spanish shoe exports continue to drop in value
After falling in 2016, Spain's exports of footwear declined by a further 1.3 percent to €1,376.6 million in the first six months of 2016, due to a slight drop in the average export price. In terms of volume, they went up by 2.3 percent to 87 million pairs. Exports of ...
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Deichmann invests internationally, online and offline
On the 25th anniversary of its entry into the Austrian market, Deichmann has restated its global ambitions. As reported in Shoe Intelligence in March, the company plans to invest €232 million this year in infrastructures at the international level, including logistics, information technology and e-commerce.At the anniversary event in Vienna, ...
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Olympikus drives Vulcabras’ improved results
Vulcabras, the Brazilian company that owns the Azaleia and Dijian brands of women's footwear as well as the Olympikus brand of sports shoes, continued to improve its results in the second quarter ended June 30, with a big jump in the net profit to 77.6 million reais (€20.7m-$24.7m) from R$2.3 ...
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DSW’s shares rocket on strong sales
DSW's share value jumped by 18.4 percent after the American shoe retail chain posted earnings for the second quarter that largely exceeded Wall Street estimates. Its net income rose by 14.4 percent over the year-ago quarter to $28.6 million, after pre-tax charges totalling $3.2 million related to the acquisition of ...
