All Article articles – Page 168
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Better margins for Yue Yuen on flat sales
The world's largest shoe manufacturer reported a meager 0.3 percent increase in total revenues to $6.29 billion for the nine months to Sept. 30, with a drop of 10.6 percent in sales of casual and outdoor shoes offset by increases of 2.2 percent in athletic footwear and 5.9 percent in ...
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Birkenstock diversifies
Birkenstock aims to enter new product segments. Birkenstock will present a line of high-quality sleeping systems, including mattresses and slatted frames at the International Furniture Fair in Cologne on Jan. 6-21, developed in partnership with a specialist in this sector, ADA, and manufactured in Austria. They will be delivered to ...
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Possible turnaround in Brazil’s shoe exports
Recovering from the downward trend of the last few years, Brazilian footwear exports went up by 18.2 percent to $84.3 million during the month of October as compared to the same month of 2015. They also increased by 1.2 percent in volume to 10.2 million pairs, due to a decline ...
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India’s currency reshuffle hits local leather businesses
The leather and footwear businesses in India were among the first to bear the brunt of the government's decision in November to discontinue its biggest denomination currency notes overnight in a move that it says will curb corruption and black money. In a surprise announcement on Nov. 8, Prime Minister Narendra ...
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Caleres improves sales and margins
Caleres posted strong results for the quarter ended Oct. 31, 2016, with improvements to revenues, margins and earnings. The parent company of Famous Footwear and various footwear brands, previously called Brown Shoe Co., saw sales increase by 0.5 percent to $732.2 million over the year-ago quarter, or by 2.1 percent ...
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Vietnam gains on China, but TPP is nearly dead
Shoe exports from Vietnam rose by 6.0 percent to €6.23 billion in the first six months of 2016, says Lefaso, the country's shoe industry association. Increases were recorded in all categories except for leather shoes, whose exports declined by 11 percent because of the growing importance of athletic footwear in ...
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Moldovan supplier competing with Rohde?
A German shoe producer, Alois Beck, announced the establishment of a joint venture for the development, production and sale of a collection of women's and men's lounge shoes that will be made in Moldova by a local manufacturer, Floare, with an annual capacity of 1.6 million pairs. The new collection ...
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Van Wezel relaunches Duca del Cosma
As previously reported, Frank van Wezel, the Dutch owner of the Hi-Tec Sports brand, bought the Duca del Cosma brand of golf and golf-inspired shoes a few months ago after it ran into financial problems (Shoe Intelligence, vol. 18, n° 18+19). Van Wezel has just sold the Hi-Tec brand (see ...
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Vulcabras’ divorce from Reebok pays off for the couple
Vulcabras Azaleia, the Brazilian parent of Azaleia and Olympikus that held the distribution rights for Reebok until the end of last year, has reported a net profit of 19.7 million reais (€5.36m-$5.71m) for the third quarter ended Sept. 30, compared with only R$2 million in the year-ago period.Sales increased by ...
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DSW reverses decline in profitability
DSW's adjusted net income went up by 16.0 percent to $41.7 million in the quarter to Oct. 31, as higher margins helped offset a slight decline in same-store sales. This marks the company's return to year-on-year earnings growth, after four consecutive quarters of declines.The U.S. footwear retailer said that tighter ...
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Hunter diversifies with a rainy message
Hunter Boot, the British brand of wellington boots, has launched Core Concept, a new seasonless collection of water-repellent garments and accessories, including rubber coats, vinyl ponchos and backpacks with the vivid colors used also in some of the brand's newest rainboots.The launch is backed by a global campaign titled #RainStartsPlay, ...
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Kingmaker doesn’t like Trump
The publicly quoted Chinese shoemaker didn't say this directly while disclosing its results for the first half of its financial year, ended Sept. 30, but it warned investors that failure to approve the Trans-Pacific Partnership (TPP) would have a significant impact on its sales, which have already gone down for ...
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More funding for Hickies
Hickies says it raised $10 million in the latest round of financing from Sforza Holdings and two other investors, taking the total funding for the development of its smart shoe lacing system up to $16 million. One of the top three global footwear brands, whose name was not revealed, made ...
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German shoe retailers have good visibility online
A study of 100 online retailers that sell shoes in Germany by Research Tools shows that they enjoy a 30 percent visibility ratio in the market. The brands' own web stores have a similar ratio of 28 percent. Generalist shoe retailers with physical stores show a relatively visibility ratio of ...
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Geox posts strong orders, but Q3 sales slow down
Geox registered a 9 percent increase in orders from wholesale clients for its spring/summer collection, but the company's third-quarter sales indicated a slowdown compared with the first half. With a turnover of €282.0 million, sales growth was limited to 2.5 percent in the third quarter, against a 5.5 percent increase ...
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Ferragamo’s Q3 sales pick up but outlook remains uncertain
Salvatore Ferragamo reported a 1.7 percent year-on-year increase in third-quarter sales to €303.8 million, reversing a 1.7 percent drop posted in the first half and resulting in nine-month revenues falling by only 0.7 percent to €1,014 million. But at constant currency rates, the sales decline accelerated with third-quarter revenues down ...
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Slight acceleration at some fashion groups
Kering's share price reached the highest level in 15 years after the group reported a 10.5 percent sales increase on a comparable basis for the third quarter ended Sept. 30, driven by a 17 percent jump for Gucci. Analysts had expected an increase of only 7 percent for the group.Gucci's ...
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Shoe Zone was not affected by Brexit
Shoe Zone said trading in the second half of its financial year was good, in line with expectations and without any major impact from the results of the referendum on Brexit. The British discount-oriented footwear retailer, whose fiscal year ended Oct. 1, said it traded well through the crucial back-to-school ...
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Bogs’ sales down again, but Florsheim grows
Lower sales logged for its Bogs and Nunn Bush brands caused Weyco Group's revenues to dip by 13.0 percent in the third quarter to $79.1 million. This came after three consecutive quarters of weak results for this brand of boots, following many seasons of strong growth.The company blamed a particularly ...
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Skechers posts another disappointing quarter
Skechers posted earnings for the third quarter that missed analysts' expectations, despite a new sales record. Net profits decreased by 2.2 percent from the year-ago quarter to $65.1 million, falling below analysts' forecasts. Profits were negatively impacted by foreign exchange losses of approximately $8.1 million. After Skechers reported its results, ...
