All Article articles – Page 157
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German retailers are embracing omni-channel
Pushed by the competition from pure players in the online space like Amazon and Zalando and by the new digital services offered by the two biggest cooperatives of independent shoes retailers, ANWR and Sabu, multi-channel retailers have gained a share of 25 percent in the German online market for shoes, ...
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Sports shoes lift German shoe exports
The latest federal trade statistics show a huge 25.1 percent increase in Germany's shoe exports to €2.79 billion for the first five months of this year as compared to the same period a year ago, when they went up by 11 percent. However, industry officials indicated that the boom in ...
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Portuguese exports go up in value and volume
Shoe exports from Portugal rose by 6.4 percent in value and 7.0 percent in volume during the first half of 2017, going up to a level of 43 million pairs worth €960 million for the period. They are now covering 152 countries around the world.If the positive trend is confirmed ...
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Phoenix Footwear narrows its net loss
Phoenix Footwear, the American company specializing in comfort women's and men's footwear, reported a net loss of $612,000 for the first six months ended July 1. The company, which owns Softwalk and Trotters, narrowed its net loss from $737,000 for the first six months of 2016. The loss before interest, ...
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Gallery Shoes had a good start
Many of the 500-odd brands that exhibited at the Gallery Shoes fair in Düsseldorf on Aug. 27-29 found that they had made a good investment in the new trade show, which was attended by around 9,200 professional visitors. The management of the fair had predicted between 8,000 and 10,000 visitors.The ...
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Zalando works with a U.S. sneaker retailer
Zalando has struck its first transatlantic retail alliance by extending its partnership program with retailers to a premium American retailer of sneakers and streetwear, Stadium Goods, which tends to offer the latest limited editions of hot products at its two physical stores in New York and on its website in ...
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Russians are rushing for sneakers
Sneakers and other types of sports shoes are rapidly replacing a large part of the classical footwear used in Russia, and this trend is expected to continue at least until 2020, according to several market studies and the local media.In the most recent selling season, this type of product accounted ...
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Pentland’s Ebit grows beyond 10%
The Pentland Group has reported a 21 percent increase in total revenues to £2.9 billion (€3.2bn-$3.8bn) in 2016, driven by the ongoing expansion of JD Sports Fashion, the U.K.-based retailer in which it has majority control.The group's operating profit jumped by 50 percent to £331 million (€370.4m-$432.5m), up from £220 million ...
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LVMH grows by 15%
The world's largest luxury goods group posted a 15 percent increase in sales to €19.7 billion for the second quarter as well as the first half of this year, including organic growth of 12 percent. Here also, the management cautioned that the trend cannot be extrapolated for the whole year, ...
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Skechers’ sales rise by 17% but foreign costs keep profits down
Skechers USA's results for the second quarter topped expectations, due in part to strong double-digit growth in its business outside the U.S. Total revenues hit a new record of $1,030 million, which represents an increase of 16.9 percent over the second quarter of 2016. When it reported first-quarter results in ...
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VF Corp. will acquire Williamson-Dickie
VF Corp. has announced a definitive agreement to acquire Williamson-Dickie for $820 million in cash. A family-owned business, Williamson-Dickie designs and manufactures workwear apparel and footwear, which it sells under a number of brands including Dickies, Workrite and others. The acquisition is expected to be completed in the fourth quarter ...
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Payless ShoeSource emerges from bankruptcy procedure after restructuring
Payless ShoeSource has announced that it has successfully emerged from its Chapter 11 bankruptcy protection with “substantial liquidity” after eliminating around $435 million in debt. The company, which is based in Topeka, Kansas, filed for Chapter 11 bankruptcy protection in April. The filing covered its North American entities as well ...
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Aldo buys Camuto Group
Aldo, the privately held Canadian shoe company, has announced that it is taking over the footwear and accessories businesses of the Camuto Group. The price of the transaction has not been disclosed.The takeover by Aldo of Camuto, the company founded by Vince Camuto, the visionary American shoe designer and sourcing ...
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Alpargatas faces difficulties in Brazil
Alpargatas' global sales, which now stem mainly from its Havaianas brand of sandals and a license with Mizuno, fell by 15.1 percent to 859.6 million reais (€232.6m-$272.4m) in the second quarter, weighed down by a challenging retail market in Brazil, where the group's sales dropped by 21.9 percent to R$445.7 ...
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Birkenstock attacks Amazon in the U.S.
Birkenstock has launched a scathing attack on Amazon, accusing the company of “modern-day piracy” and an “assault on decency.” Amazon, according to Dave Kahan, the chief executive of Birkenstock USA, is trying to persuade authorized resellers to sell products to the online behemoth.At issue is a new inventory program from ...
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Geox hires Jing Tian as brand ambassador in China
Jian Tian, an actress who starred in the film The Great Wall, has been named brand ambassador for its next autumn/winter and spring/summer collections. Over the next 12 months, she is expected to support the company's sales in China by taking part in appearances in the group's directly-operated stores, currently ...
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ANWR opens up its fairs to non-members, changes order rhythm
Following Sabu's lead, the ANWR Group has decided to open its own house fairs to all kinds of retailers from the shoe and apparel sector, at a new event next February, called Campus Starter, that will fill the former time slot of the now defunct GDS. In this way, the ...
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Crocs will appeal to protect its classic clog design
The U.S. Patent & Trademark Office (USPTO) announced a few days ago a third verdict invalidating the D517789 design patent – known also as the ‘789 patent - issued to Crocs in 2006 for its molded Classic Clog, ruling that it was anticipated by a prior design published a year ...
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Wolverine sells Sebago to BasicNet
BasicNet, the Italian-based licensing company that owns Briko, Kappa, Robe di Kappa, K-Way, Superga and other brands, has agreed to acquire the intellectual property rights and other assets of Sebago from Wolverine Worldwide.The asset deal has been valued at €14.2 million, excluding acquisition costs. To help finance it, BasicNet has ...
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BasicNet grows nicely, except in Italy
The parent company of Briko, Kappa, Robe di Kappa, K-Way, Superga and other brands has reported an increase of 3.5 percent in total wholesale-equivalent sales to €372.9 million for the first six months of this year, driven by a 6.2 percent increase to €207.4 million in its foreign licensees' sales. ...
