All Article articles – Page 169
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Azzolari moves from Deckers to Tod’s
The Tod's group has recruited Sergio Azzolari to be the new general brand manager for Hogan. He will take the place of Riccardo Sciutto, who left the company in the spring to run Sergio Rossi after its recent change of ownership.Azzolari, 48, has been running the European operations of Deckers ...
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Rohde files for bankruptcy
Erich Rohde, the comfort shoe specialist from Germany, filed for insolvency at the court of Marburg on Oct. 28. The company said it was saddled with enormous financial burdens and was not able to handle them, in spite of stable sales in the main markets of Germany, Austria, the Netherlands, ...
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Zalando’s margins beat forecasts
Beating forecasts, Zalando reported higher profits for the third quarter ended Sept. 30, thanks to higher efficiencies in inventory management and other processes, although the growth of its turnover slowed down to 17.1 percent year-on-year from the 25 percent rate enjoyed in the previous quarter. It generated an adjusted Ebit ...
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Third CEO for Vivarte in a year
New and more severe restructuring measures are expected at Vivarte following the appointment of Patrick Puy as the new chief executive of the group, which is one of the two leading players in the French shoe retail market, along with Eram. It owns 14 different chains selling shoes or clothing ...
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Logistic change hurts Deckers in Europe
Deckers Brands' - total revenues declined by 0.2 percent to $485.9 million in the second quarter of its financial year, ended Sept. 30. They were off by 0.3 percent in local currencies and lower than expected, mainly due to $6 million worth of orders being shipped late because of a ...
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Clarks reports a first-half loss
Clarks' turnover increased by 4.2 percent to £739 million (€858.4m-$924.8m) in the six months ended July 31, but it would have declined by 0.5 percent if the U.S. dollar and other currencies had remained the same. The brand's new Trigenic range sold well, but a large part of the revenues ...
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Tod’s sales continue to be weak
Tod's saw a decline in third-quarter sales, with the downward trend accelerating in terms of comparable store sales, as the group continued to struggle with a slowdown in tourist flows and weak consumer spending.In the first nine month of the year, the Tod's group posted sales of €757.7 million, down ...
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Crocs’ gross margin improves on weaker sales
Crocs posted revenues for the third quarter that were at the low end of the range it had predicted, going down by 10.3 percent over the year-ago quarter to $245.9 million, or by 11.6 percent on a constant-currency basis.However, the gross margin topped expectations, exceeding the guidance by approximately 2.0 ...
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The personal luxury goods market inches down
In 2016, the global market for personal luxury goods – which includes apparel, shoes and other accessories, jewelry, watches and cosmetics - will close at €249 billion, down by one percent at constant exchange rates as compared to 2015. China has re-emerged after three years of stagnation, but the decline ...
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The German trade show race goes on
Two relatively big players in the German shoe market, Gabor and the Astormüller Group, which markets the Bugatti and Daniel Hechter lines of footwear, have announced that they will not participate in the Feb. 7-9, 2017, edition of the GDS shoe show in Düsseldorf. Gabor, which has been investing in ...
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Weak U.S. wholesale market impacts VF
The weakness of the North American wholesale market affected sales at VF Corporation, the owner of the outdoor brand along with Vans, Timberland, The North Face and several other brands, leading to a small downgrade in the group's sales guidance for the full year.VF pointed to unstable market conditions in ...
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Wolverine loses sales but improves margins
Wolverine Worldwide's total revenues declined by 11.1 percent to $603.7 million in the quarter ended Sept. 12 as compared to a year ago. They fell by 8.6 percent on an underlying basis, i.e. excluding currency changes, the closure of single-brand stores – mostly under the Stride Rite children's brand - ...
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Rocky sees inventories normalizing
Rocky Brands reported sales of $73.2 million for the third quarter, which represent a 4.6 percent increase versus the comparable period last year. The company said that inventory levels, which had grown due to last year's warm winter, began to normalize in the third quarter, with orders finally picking up. ...
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Madden raises margins on lower sales
Steve Madden said revenues for the three months to Sept. 30 dropped by 1.2 percent over the same quarter of last year, down to $408.4 million, in spite of strong growth for its core women's business and the Dolce Vita division. The management blamed a challenging retail environment that caused ...
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Trump’s victory pleases some shoemakers
Gimmi Baldinini, head of the eponymous Italian shoe firm, told journalists earlier this week that he had opened a bottle of champagne after Donald Trump's unexpected victory in the U.S. presidential elections.Like many other shoe manufacturers in the Marche region of Italy, Baldinini depends a lot on exports to Russia, ...
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Tod’s Q2 sales, margins decline sharply
Second-quarter sales and margins dropped sharply at Tod's despite a positive contribution from foreign exchange rates and new store openings. Financial analysts trimmed their expectations for the full year and now see sales dropping by more than one percent to about €1,020 million for the year. They also anticipate the ...
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Pentland adds strategic and division heads
Pentland Brands has expanded its management team with two divisional heads and one strategic director, in order to more efficiently coordinate the growing brand portfolio and fill gaps in interesting categories.Chirag Patel, former global vice president of product and marketing at Lacoste Footwear, has been appointed director of global strategy, ...
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Micam wins a round against GDS
After a series of consultations with an expanded advisory board made up of representatives of shoe brands and retailers, Messe Düsseldorf announced that the summer edition of the GDS shoe show will be moved next year from the end of July to the beginning of September. It made the announcement ...
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Clarks appoints a new chief executive
C.&J. Clark's board of directors has selected a highly experienced executive with strong skills in brand and retail management, Mike Shearwood, to be its new chief executive. Starting immediately, he takes the place left vacant by the departure of Melanie Potter a year ago. Tom O'Neill, chairman of the group, ...
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Vulcabras turns around
The Brazilian parent company of Azaleia, Dijean, Opanka and Olympîkus continued to make progress in the second quarter in terms of sales and margins. Its revenues grew by 9.9 percent to 314.0 million reals (€86.8m-$97.4m) during the period, in spite of stagnating consumption in Brazil, while operating and net earnings nearly ...
