All Article articles – Page 161
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Another alternative to Ugg, called Mou
Mou is a French word that means “soft.” It is the name of a brand of comfortable, warm, eco-responsible sheepskin boots marketed worldwide by a company in Florence, Artcrafts International, that owns and distributes eight other brands. It doesn't distribute Ugg, but it has been the Italian distributor for another ...
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Drapers hands out its annual Footwear Awards
Clarks picked up multiple awards at this year's Drapers Awards, and was honored for consumer choice, best kidswear brand and store manager of the year. The ceremony for the annual Drapers Awards was held at Grosvenor House in London on May 17. Schuh was selected as multiple footwear retailer of ...
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Bearpaw is targeting the European market
Another American brand of cold-weather, waterproof sheepskin boots, Bearpaw, is trying to take advantage of Ugg's weakness to expand its position as a lower-priced alternative in all the sales channels. Claiming that its shoes are of comparable quality or better for a lower price and better margins, it is making ...
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Crocs’ shares soar as quarterly results beat forecasts
Crocs' stock price rose by 17 percent after it announced better-than-expected sales for the first quarter of the year. Revenues were down by 4.0 percent from the year-ago quarter to $267.9 million, or by 4.4 percent on a constant-currency basis. Wall Street expected revenues of $258 million. The decline came ...
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Private equity firms offer to take Belle International private
Belle International, the Chinese retailer operating more than 20,700 sports and footwear stores, has received a privatization offer worth about $6.8 billion from a consortium led by two private equity firms, Hillhouse Capital Group and CDH Investments, and two of the group's executive directors.Belle is a most influential retail partner ...
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Belle’s sports retail business thrives
Belle International suffered a substantial decline in profits for the fiscal year to the end of February but this was chiefly due to sharp declines in sales and margins for its footwear business, while its sports business was on the rise.The group's sales moved up by 2.2 percent to 41.7 ...
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Bogs weighs down on Weyco’s results
Weyco Group posted another disappointing quarter, as sales of its Bogs brand of boots continued to decline. Group revenues tumbled by 12.0 percent over the year-ago quarter to $69.1 million. However, it managed to improve the gross margin by cutting costs. The company said that the retail environment continues to ...
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New eco-friendly footwear brand to be launched on Kickstarter
Saola, a new brand of eco-friendly footwear committed to environmental conservation, will get a pre-launch on Kickstarter on May 23 in order to collect funds for its development. The company hopes to raise $25,000 to help finance the first round of production of its sustainable shoes, which are going to ...
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Coach buys Kate Spade
Coach has signed a definitive agreement to take over Kate Spade & Co., for a combination of cash and shares that assigns a value of $2.4 billion to the American fashion house, which targets millennials with its own lines of clothing, leathergoods, footwear and other accessories. The amount represents a ...
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Hamm opens shoe concessions at C&A
The Hamm Reno Group, the German-based retailer and wholesaler otherwise known as the HR Group, has struck a strategic agreement with C&A, the international chain of affordable apparel stores. It will set up and supply dedicated shoe departments in 233 C&A stores in Germany and 59 others in Austria, Belgium, ...
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China helps Hermès to reach double-digit growth
Hermès International posted a strong and unexpected 13.5 percent increase in revenues during the first quarter of 2017. On a currency-neutral basis, they grew by 11.2 percent, driven by a significant 16 percent increase in Greater China and other parts of Asia excluding Japan. Analysts had projected a rise of ...
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Geox launches the X-Store concept
Geox has unveiled its latest store concept aimed at combining style, innovation, sustainability and well-being. The X-Store concept, in which the company is reportedly investing €15 million, uses only green materials, ranging from terracotta to natural wood. All materials are compliant with LEED (Leadership in Energy and Environmental Design) Certification.The ...
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Vulcabras continues to improve
Vulcabras Azaleia, the Brazilian company that owns the Olympikus brand of sporting goods and three brands of women's shoes, Azaleia, Dijean and Opanka, reported higher sales and profits for the first quarter to March 31, confirming its turnaround.The company's sales grew by 17.7 percent to 295.9 million reais (€85.4m-$95.2m) in the ...
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France cuts trade deficit
The French shoe industry raised its sales abroad by 8 percent to €2.77 billion in 2016, with the number of pairs exported going up by one percent to 106 million pairs, according to the French Shoe Industry Association (FCC).Exports went up in all the five major European markets for French ...
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Deckers explores a possible sale
Bowing to pressure from some of its shareholders, the board of directors of Deckers Brands announced that it was exploring strategic alternatives, including a possible sale of the company. It has retained Moelis & Company as financial advisor and a legal counsel to assist in the process.The announcement was made ...
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Zalando tests GPS-assisted deliveries
Zalando continues to be at the forefront of innovation in e-commerce with a test in Belgium of a new geolocation-assisted delivery service. By using a smartphone-enabled GPS tracking process, it will allow the shipment of its parcels directly to customers wherever they are, rather than only to their homes or ...
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Grendene sees strong domestic growth
Grendene posted a strong first quarter, with sales up by 9.6 percent over the year-ago quarter to 621 million Brazilian reais (€180.1m-$196.1m). The Brazilian group said that even though there was an easy comparison base with the year-ago quarter, the increase in revenues reflects some improvement in demand in the ...
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Yoox Net-a-Porter posts double-digit sales growth
Yoox-Net-A-Porter (YNAP) posted sales of €515 million in the first quarter to March 31, which represent a 15.4 percent increase at current exchange rates, or a 16 percent increase at constant exchange rates, from last year's first quarter. On a comparable basis, the rate of increase was 19.1 percent. The ...
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VF relies on European talent for the U.S.
VF Corp. is reacting to a slowdown in the sales of The North Face and Timberland in North America by giving more responsibilities to two European managers, considering that both brands have been performing better in Europe lately.Arne Arens, the former executive of Nike Europe who had run TNF's operations ...
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Merrell is gaining momentum
Wolverine Worldwide reported better-than-expected sales and profits for the first quarter ended April 1, due in part to an accelerated program of store closures and the liquidation of $20 million worth of related inventories. Besides 104 underperforming stores shut down during the quarter, an additional 76 stores were closed in ...
