All Article articles – Page 162
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Gallery Shoes takes shape
About 400 brands had confirmed their participation in the new German trade show by the beginning of May, with bookings for all its five segments. The management of Gallery Shoes, as the new fair is called, is pleased about the progress toward its goal of hosting 500 international labels at ...
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LVMH will sell shoes and other luxury goods selectively online
The new transactional website of LVMH, which is due to go live internationally on June 6, will offer selected luxury items, including footwear, by 150 different brands, including about 16 brands that belong to the group. Available in French and English, it will start with a range of 2,000 products, ...
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Kering outperforms
Kering's revenues from continuing operations jumped by 31.2 percent to €3,573.5 million in the first quarter of this year, with the luxury goods division progressing by 34.0 percent to €2,417.1 million and the smaller sport & lifestyle division growing by 16.5 percent to $1,064.1 million. On a comparable basis, the ...
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Vivarte sells Pataugas
The French retail group has announced the sale of yet another one of its assets, the Pataugas brand of footwear, as part of its reorganization and its concentration on fewer shoe retail chains. It has sold the brand to Start'Hopps, the fashion division of the Hopps Group, whose core business ...
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Yue Yuen is more profitable
Net income attributable to its shareholders increased by 30.6 percent to $124.5 million for Yue Yuen Industrial Holdings in the first quarter ended March 31. Even after excluding non-recurring items, it went up by 29.5 percent to $105.3 million.The group's total revenues rose by 3.6 percent to $2,100.8 million, with ...
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Skechers’ revenues pass the $1 billion mark
Skechers USA posted strong results for the first three months of the year, thanks to double-digit growth in its international business. Its total sales hit a new quarterly record of $1,073 million, which represents an increase of 9.6 percent over the first quarter of 2016. Its net earnings dipped by ...
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Steve Madden’s sales jump by 11%
Steve Madden's revenues for the three months to March 31 jumped by 11.2 percent over the same quarter last year to $336.4 million, boosted by strong sales in the women's wholesale footwear division and its new joint venture in Europe.Revenues in the wholesale business soared by 13.6 percent to $313.3 ...
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Le Soulier Français to raise up to €3m
Le Soulier Français, a small French company in Romans that specializes in the manufacture of high-end women's dress shoes, claiming a particularly strong know-how in the area of hand-woven and Louis XV stiletto shoes, is raising between two and three million euros from three investment funds to spur its development. ...
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Yue Yuen’s net profit jumps by 37%
Yue Yuen Industrial posted strong results for 2016, with profit attributable to owners of the company increasing by 37.0 percent to $534.6 million. Adjusted to eliminate non-recurring items, net earnings went up by 29.5 percent to $525.1 million for the year.The group said it has been putting more strategic emphasis ...
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Clarks adapts to a disruptive world
Clarks reported a 7.9 percent increase in consolidated sales for the financial year ended last Jan. 31, but this was largely due to the depreciation of the pound sterling against the U.S. dollar in view of the company's strong position in the U.S. market. On a constant-currency basis, sales were ...
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Prada is turning around, goes digital, after a poor year
The Italian fashion group's net profit for the year ended Jan. 31 fell to its lowest level since the company's initial public offering on the Hong Kong Stock Exchange in 2011. The bottom line stood at €278.3 million, down from €330.9 million a year earlier and short of analysts' expectations ...
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Bernard Arnault wants all of Christian Dior
The Christian Dior Group owns the Christian Dior brand directly, excluding its fragrances, through a subsidiary called Christian Dior Couture, and it has a stake of 40.9 percent in LVMH. This is because the family of Bernard Arnault, chairman and chief executive of LVMH, had first taken over Dior as ...
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Alteri sheds Jones Bootmaker and Brantano
Endless has acquired the business and assets of Jones the Bootmaker (Jones) from Alteri Investors for around £10.5 million (€12.6m-$13.5m). Almost simultaneously, Brantano UK, another property of Alteri, has filed for bankruptcy, protecting it from creditors after its failure to find a new investor. The two British shoe retail chains ...
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The Italian fashion industry forms an umbrella association
After two years of preparation, the Italian fashion industry has given birth to a common umbrella association for its apparel, footwear and accessories segments, called Confindustria Moda. The new confederation will be positioned above Sistema Moda Italia, which groups textile and apparel firms, and Fiamp (Federazione Italiana dell'Accessorio Moda e ...
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Rocky Brands goes back to profitability
Rocky Brands had a good start in 2017, posting a net income of $1.5 million in the first quarter as compared to a net loss of $0.2 million in the year-ago quarter. Meanwhile, revenues increased by 9.6 percent to $57.5 million.The company attributed this performance to strong military segment sales, ...
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Bally and Jimmy Choo are up for sale
Johann A. Benckiser (JAB) wants to put an end to its involvement in luxury shoes and accessories to concentrate on its core food and beverage operations, where it has made several important acquisitions lately, and other holdings such as Coty. The group's JAB Luxury unit, which also owns Belstaff, is ...
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Shoe Carnival posts loss due to impairment charges
The American shoe retail chain recorded a loss of $0.9 million in the fourth quarter ended Jan. 28 because of non-cash impairment charges of $3.6 million for the closure of seven stores in Puerto Rico. Excluding the charge, the company would have recorded net income of $1.3 million, topping Wall ...
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Netshoes goes public to help develop new categories
Netshoes, the leading online sports retailer in Latin America, closed an initial public offering (IPO) on the New York Stock Exchange that started last week and raised net proceeds of $138.8 million.The IPO is meant to provide additional capital to support Netshoes' development. The company wants to become the leading ...
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Cheaney continues its transformation
Joseph Cheaney & Sons has come a long way since its takeover in 2009 by Jonathan Church, the former finance director of Church's, and his cousin William Church, who are now 55 and 50 years old, respectively. The two distant cousins, who belong to the fourth generation of the Church ...
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Portuguese shoe exports continue to increase
The volume of shoes exported from Portugal grew by 2.8 percent to 81.6 million pairs in 2016, representing a seventh consecutive annual increase, says Apiccaps, the country's shoe and leathergoods industry association. In terms of value, last year's shoe exports rose by 3.2 percent to a record of €1,923 million.Apicapps ...
