All Article articles – Page 164
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Caleres improves sales and margins
Caleres posted strong results for the quarter ended Jan. 28, 2017, with improvements in revenues and the gross margin, aside from an 80.6 percent drop in the profitability of its main shoe retail chain, Famous Footwear. However, the American company, previously called Brown Shoe Co., delivered a cautious near-term outlook ...
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CCC grows fast, re-evaluating its priorities
CCC Shoes & Bags announced an impressive increase in net earnings of 81 percent to 190.4 million zlotys (€44.4m-$47.8m) for the fourth quarter of 2016, as its net revenues grew year-on-year by 49.9 percent to 1,132.6 million PLN (€264.2m-$284.0m) and the operating profit went up by 84.4 percent to 218.1 ...
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Ferragamo should get help from China and e-commerce
Salvatore Ferragamo booked a 13.7 percent increase in full-year net profits to €198.4 million after minority interests, as a tax break offset a decline in operating profits. At the end of December, the company reached an agreement with the Italian tax authorities allowing it to take advantage of a favorable ...
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DSW confirms its return to profit growth
DSW reported on yet another strong quarter, after returning to year-on-year earnings growth last autumn, following four consecutive quarters of declines. Its net income was up by 160.7 percent to $30.5 million in the quarter to Jan. 28, 2017, and the U.S. footwear retailer attributed this to effective expense management ...
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Contrasting trends in European exports, imports decline
The Italian footwear industry is performing in different ways in different markets. As previously reported, its exports grew by only 2.6 percent in value in the first ten months of last year, reaching a level of €7.52 billion, but this was due primarily to an increase of 3.7 percent in ...
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New European licensee for Creative Recreation
Rocky Brands has appointed a European licensee for Creative Recreation, a brand of versatile sneakers that belongs in its portfolio. The licensee is 2Squared Brandhouse, an agency in Manchester that has also been representing a dozen other sports and fashion brands at the national level such as Björn Borg, Champion, ...
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Grendene’s profit rises despite lower volumes
Grendene reported a net profit of 634.5 million Brazilian reais (€196.1m-$207.1m) in 2016, which represents a growth of 5.2 percent over the previous year. In the fourth quarter of the year, it advanced by 2.8 percent to R$247 million (€76.3m-$80.6m). The increases took place despite lower deliveries in both the ...
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TheMicam enters a new dimension
With its revamped layout and the support of some top Italian luxury brands, theMicam continued its progress last month. Building on increases in attendance of 1.8 percent a year ago and 5.2 percent last September, the world's largest footwear trade fair reported a 5 percent increase in the total number ...
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Geox’ sales are dragged down by its stores
Geox posted a 2.4 percent decrease in fourth-quarter sales to €161.5 million, driven by a 3.2 percent drop on a comparable store basis. The company said it suffered a reduction in store traffic, which was partially offset by a “significant” improvement in the conversion rate. To tackle the difficult market ...
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Weyco suffers from a tough U.S. retail environment
Lower traffic at its clients' physical stores adversely affected the U.S. wholesale business of Weyco Group under all its brands throughout last year. In the final quarter, the group's North American wholesale segment saw its revenues go down by 8.7 percent to $61.6 million, with decreases of 7.0 percent for ...
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Steve Madden increases margins on falling revenues
Steve Madden saw revenues for the three months ended Dec. 31, 2016 drop by 2.3 percent over the same quarter last year to $336.4 million, due to softness in its private label footwear and cold-weather accessories. However, the American company managed to increase profits and margins.In the retail division, sales ...
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Schuh helps Genesco to top its profit forecast
Genesco, the owner of Journeys, Schuh and Lids, reported profits for the fourth quarter ended Jan. 30, 2017 that topped its own guidance, although they were down by 8.7 percent over the year-ago quarter to $41.8 million. The better-than-expected net income sent the group's shares up by 4.6 percent after ...
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Superga grows in various markets
The parent company of Kappa, Robe di Kappa, K-Way, Superga and other brands has announced its preliminary results for 2016. Aggregated revenues by the group's global licensee network were up by 1.3 percent to €740 million. The group's operating result (Ebit) was down to €15.2 million, as compared to €25.7 ...
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New international online platform for Spanish shoes
The Spanish footwear industry association (Fice) is launching the project for a new online platform, called the Shoes from Spain B2B Marketplace, that is intended to help its members to reach out to new multi-brand retailers in Spain and in other countries, allowing them to process forward orders and reorders ...
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Prada’s sales slump, but there are signs of recovery
The Italian fashion group reported a 10 percent drop in its sales in the full year ended Jan. 31, down to a total of €3,184 million. At constant currency rates, the top line fell by 9 percent, in line with market expectations.The Prada Group's sales in the Asia-Pacific region were ...
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Hermès grows by 7.5%
In a preliminary financial statement, Hermès International indicated that its sales increased by 7.5 percent in 2016 to about €5.2 billion, breaking the €5 billion threshold for the first time, with an increase of 7.4 percent on a comparable basis. The operating profit was slightly higher than in 2015, the ...
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Steve Madden acquires Schwartz & Benjamin
Steve Madden has announced that it has completed the acquisition of Schwartz & Benjamin, a privately-held American family of companies specializing in the design, sourcing and sale of licensed and private label footwear. The transaction was completed for cash at closing plus an earn-out provision based on financial performance through ...
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Another fund acquires Golden Goose
Golden Goose Deluxe Brand, the Italian high-end shoe company that has become famous for its leather sneakers, will be acquired by a private equity fund, Carlyle Europe Parners. Two other funds, Permira and General Atlantic, were reportedly in the running for its acquisition. The price agreed by Carlyle was not ...
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Rising Asian paper prices affect packaging
Paper is the major component in the packaging of products made in Asia, accounting for an estimated five percent of the ex-factory price. During the last few years, Asian recycled containerboard prices have been enjoying modest price fluctuations. Suddenly, last November, there was a significant spike in prices all across ...
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A North American e-tailer shuts down
Shoeme Technologies shut down all its web stores in the U.S. and Canada – Shoes.com, OnlineShoes.com and ShoeME.ca - on Jan. 27 and filed for bankruptcy protection from its creditors. The Canadian-based shoe e-tailer has also closed down the two physical Shoes.com stores that it had recently opened in Vancouver ...
