All Article articles – Page 167
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Zalando opens an office in Alicante
Zalando is opening a sourcing office in Alicante, Spain, for the management of its private labels. At the end of 2016, about five employees will be appointed for quality control. The aim is to work together with local partners and to conduct regular quality checks.Zalando already has sourcing offices in ...
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Caleres picks up Allen Edmonds to reach out to male customers
Caleres, the parent company of Famous Footwear and various wholesale brands including Sam Edelman and Franco Sarto, has bought Allen Edmonds from Brentwood Associates for $255 million. Diane Sullivan, chief executive, president and chairman of the American group based in St. Louis, said the acquisition would allow Caleres to drive its ...
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Ferragamo takes full control in four Asian countries
Salvatore Ferragamo has taken full control of four distribution companies operating in South Korea and three countries in Southeast Asia, thus putting an end to a partnership in those markets with a Hong Kong-based company, Trinity, which belongs to the Li & Fung Group.The Italian company bought the 20 percent ...
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Going back to its roots, Superga embraces sport
With sports-inspired lifestyle shoes and clothing enjoying a boom all over the world, the well-known Italian brand of sneakers is developing further its new Superga Sport line by investing in sponsorships with former tennis stars. After the rather successful launch of a new line of Superga shoes co-branded with Adriano ...
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Dr. Martens cleans up the distribution, pushes retail
The termination of deals with about 250 non-strategic accounts, especially in the U.K. and the U.S., led to a drop of 14 percent in Dr. Martens' wholesale revenues in the financial year ended last March 31. They fell to 160.2 million pounds sterling (€189.7m-$197.8m). The drop was partly offset by ...
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Lotto and Stonefly draw closer together
Lotto Sport Italia and Stonefly will remain two distinct legal entities. Specializing in athletic footwear and casual comfort shoes, respectively, and they will keep their brand positioning distinct. They will also continue to be based at their present offices in Trevignano and San Gaetano di Montebelluna, which are not far ...
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Dr. Martens relocates
Airwear International, the parent company of Dr. Martens, will consolidate its operations in London, currently dispersed at three offices in Camden Town, by opening a new European head office in the Camden Wharf area of the city. The relocation to the new headquarters will probably take place in mid-April. The ...
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India and Pakistan struggle with their footwear exports
The latest data from the Council for Leather Exports (CLE) show that the decline in India's exports of these products continued during the financial year ended last March 31. And ICRA, an India-based investment information agency, thinks the outlook remains poor for the world's second-largest footwear manufacturing country, which made ...
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Wolverine sells Robeez, lays out the Way Forward
The management of Wolverine Worldwide had already hinted that it was considering the divestiture of some non-core assets, while promising shareholders that it was going to do its best to attain an operating margin of 12 percent by the end of 2018 through a variety of measures.After the discontinuation of ...
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Rocket Internet narrows losses at main start-ups
Rocket Internet, the German e-commerce investor, is seeking to reassure investors by announcing a fall in its losses and a reassuringly big cash pile as it prepares to place some of the start-ups in its portfolio on the stock market. Founded in Berlin in 2007, Rocket has built up dozens ...
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Philippe Model will open stores under new management
Philippe Model has appointed Andrea Pesaresi as its new general manager. The move is part of the brand's broader plan to develop internationally, which comes on the heels of new investments. Alessandro Benetton's 21 Investimenti fund acquired a 70 percent stake in this brand of high-end sneakers in July, with ...
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Boot Barn swings back to profit in Q2
Western boots are apparently escaping the downturn in boot sales in the U.S. Boot Barn's second quarter earnings swung back into the black as the American retailer specializing in western boots posted profits of $479,000 in the three months to Sept. 24, rebounding from a loss of $3.3 million in ...
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Hi-Tec to be acquired by Cherokee
Cherokee Global Brands (CGB), a U.S. company specializing in apparel sales and licensing, has agreed to take over nearly all of the assets of Hi-Tec Sports International for an aggregate purchase price of about $95.8 million from the Van Wezel family, and to transform the Dutch-based sports and outdoor footwear ...
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Russian tourists’ luxury purchases are going up again
In October, for the first time in nearly three years, purchases of luxury goods by Russian tourists worldwide increased, according to figures published by Global Blue, the tax-free shopping specialist. Conversely, Chinese tourists, whose purchases account for around 40 percent of the world luxury market, still recorded a slight decrease, ...
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Big drops in Alpargatas’ sports business
The continued economic problems in Brazil helped Alpargatas to sell more of its cheap rubber sandals under the Havaianas and Dupé brands in its domestic market in the third quarter. Volumes increased by 0.8 percent to 57.0 million pairs. Sales of other products under the Havaianas brand name grew by ...
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Eno Polo moves from Alpargatas to GBG
Eno Polo, the 49-year-old president of Alpargatas EMEA, has left the Brazilian company to run a new European subsidiary of Global Brands Group (GBG), the New York-based company that started in 2005 as the wholesale business of Li & Fung and was spun off more than four years ago to ...
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Italian shoemakers ask for better credit conditions
Annarita Pilotti, president of Assocalzaturifici, got a relatively muted reception to her presentation of its eighth annual Shoe Report to members of the Italian Parliament earlier this month, where she provided new numbers to support her request for fiscal incentives and other measures intended to stop the decline in the ...
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Stella focuses on “athleisure” to counter falling sales
Stella International saw revenues for the nine months ended Sept. 30 tumble by 12.7 percent over the year-ago period to $1,192.8 million. While its retail business in China began to recover in the third quarter, rising to the equivalent of $16.1 million, revenues from manufacturing declined by 18.3 percent to ...
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Genesco beats profit forecasts
The net earnings reported by Genesco for the third quarter ended Oct. 29 topped analysts' estimates, reaching $25.9 million - or $1.30 per share - while Wall Street was expecting earnings of 91 cents per share. The better-than-expected results sent the group's share price up by almost 5.0 percent to ...
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Shoe Carnival's profits fall below expectations
The American shoe retailer posted results for the quarter ended Oct. 31 that came short of Wall Street's expectations, with sales inching up by just 1.8 percent over the year-ago quarter to $274.5 million, while comparable-store sales decreased by 0.4 percent. The main reason for the lower turnover was a ...
