All Article articles – Page 158
-
Article
Wolverine beats forecasts, raises outlook
Wolverine Worldwide has reported net income of $20.7 million for the 13 weeks to July 1 as compared to $24.0 million in the 12 weeks ended on June 16 last year. The extra week, added through a change in the financial calendar, helped the group to improve total revenues by ...
-
Article
Michael Kors pays a big price for Jimmy Choo
The Reimann family is going to pocket a big capital gain with the sale of Jimmy Choo to Michael Kors by its JAB Luxury subsidiary, which owns 68 percent of its shares. It is said to be still contemplating the sale of its other big asset in the sector, Bally, ...
-
Article
Kering booms
Some of the big multi-brand luxury groups, which are covering multiple product categories, are registering sharply higher increases in revenues than independent footwear specialists operating in the same market segment like Tod's and Salvatore Ferragamo.In general, they are benefiting from a recovery of the market in China since the end ...
-
Article
Flat sales for Geox but strong boost in profits
Geox' made little progress in the first half, missing market expectations for sales by about €2.5 million, but the company managed to significantly boost its operating margins thanks to tight controls on general and administrative (G&A) costs, with advertising and promotion (A&P) expenses cut in half. Improved margins enabled the ...
-
Article
Rocky Brands follows an upward trend
After posting a strong first quarter that marked its return to profitability, Rocky Brands is staying on an upward trend, posting a net income of $1.5 million for the second quarter of the year, compared with a loss of $1.8 million for the year-ago period. The company said the profit ...
-
Article
Crocs’ profits rocket
Crocs saw its net income jump by 54.7 percent to $18.1 million for the second quarter, largely due to efforts to cut expenses and avoid discounted sales.Revenues were down by 3.3 percent from the year-ago quarter to $313.2 million, or by 2.7 percent on a constant-currency basis. This was at ...
-
Article
Deckers rebounds
Deckers Brands reported a 20.3 percent increase in total sales to $209.7 million for the first quarter of its financial year through the end of June, due in part to a higher-than-expected jump of 74.2 percent to $30.7 million in the revenues of Hoka One One, thanks to good reorders ...
-
Article
Hermès’ growth slows down a little
While Kering performed about as well in the second quarter than in the first one, Hermès saw its growth slow down to 8.3 percent in the second quarter on a comparable basis from the 11.2 percent increase of the first quarter, reaching a level of €1.36 billion. Overall, the company's ...
-
Article
Grendene slows down in the second quarter
After a strong first quarter, Grendene's sales grew at a slower pace in the second quarter, gaining 7.4 percent over the year-ago quarter to 536 million Brazilian reais (€145.1m-$171.4m). Admitting that it benefited from an easy comparison base with the year-ago quarter, the Brazilian group said that it continues to ...
-
Article
Shoe production drops, sales rise at Yue Yuen
Despite a decline in production volume and average prices, Yue Yuen Industrial has raised its turnover by 3.9 percent to the equivalent of $4,448.2 million for first half of this year, supported by a slight increase in athletic shoe sales and the expansion of its Chinese retail business.Yue Yuen's footwear ...
-
Article
Ferragamo’s sales rise slightly
Salvatore Ferragamo reported a 1.1 percent year-on-year increase in first-half sales to €717.9 million, while constant-currency revenues were virtually flat, up by 0.1 percent. The top line was driven by the retail business, while wholesale revenues were negatively affected by the disposal of excess inventories, the weakness of the U.S. ...
-
Article
World footwear production stagnates
The world footwear market has evidently entered a phase of more intense competition on a global scale, especially within Asia. The figures contained in the latest edition of the World Footwear Yearbook, which has just come out, confirm that stability has become “the new normal,” as the management of Wolverine ...
-
Article
Steve Madden posts strong results
Steve Madden posted another strong quarter, despite a challenging retail environment in the U.S. Revenues for the three months to June 30 jumped by 15.0 percent over the same quarter last year to $325.4 million, boosted by strong sales in the women's wholesale footwear division.Total wholesale revenues soared by 16.3 ...
-
Article
Tod’s sales recover slightly
Tod's posted second-quarter sales of €244.5 million, down by 1.4 percent year-on-year but improving from the 4.4 percent decline booked in the first quarter. For the first half, sales were still off by 2.9 percent to €483.0 million, in line with market expectations, with a drop of 3.2 percent at ...
-
Article
The HR Group sacks 130 in restructuring
The Hamm Reno Group (HR Group), one of the largest shoe wholesalers and retailers in Germany, is closing its logistics center at the company's headquarters in Osnabrück with the loss of approximately 130 jobs. The decision to close the 20,000-square-meter center and focus entirely on a larger one located at ...
-
Article
Alpargatas changes ownership once more
J&F Investimentos has concluded a deal to sell its controlling stake of 85.7 percent in Alpargatas, the company behind the Havaianas brand of rubber shoes, to three Brazilian investment firms for 3.5 billion reais (€958.9m-$1,100.1m). They are Cambuhy Investimentos, Itaúsa Investimentos and Brasil Warrant. All three of them are controlled ...
-
Article
Announcing higher exports, Assomac launches its Green Label
Assomac, the association of Italian suppliers of machinery and technology for the tanning industry and for manufacturers of shoes and leathergoods, said revenues in 2016 recorded a 7.2 percent increase as compared to 2015, reaching €625 million. Sales were driven by exports, which were up by 8.2 percent and accounted ...
-
Article
Zalando diversifies, works with ANWR
The largest German e-tailer and the largest German voluntary group of independent retailers are joining forces on an unprecedented project to deal with unsold merchandise. The ANWR Group, which has been making some other bold strides in the digital retailing landscape, will propose to its retail members the possibility to ...
-
Article
New owners for Apple Shoes
Guy and Yvon Rautureau have sold their company, Rautureau Apple Shoes, to a group of investors after running it for 47 years. The two brothers and their children, Virginie and Maxime, are leaving the company, which will be run by Véronique Makarian, an experienced industry professional who has worked for ...
-
Article
Birkenstock expands its presence in Asia
Birkenstock wants to expand further internationally and get closer to the markets where it is experiencing growth. Most recently, Birkenstock increased its presence in Asia, opening new company-owned stores in China, starting with two stores in Shanghai in April and May. It recently launched its first online store in Japan, ...
