All Article articles – Page 171
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DSW bets on sports-inspired casual shoes
DSW reported a 33.4 percent drop in net income to $25 million for the quarter ended July 30, but adjusted earnings of $0.35 per share were slightly above Wall Street expectations. Sales increased by 5.1 percent to $659 million, including $19.6 million from Ebuys, which DSW acquired at the start ...
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Bogs’ sales tumble, Florsheim expands outside the U.S.
Weyco Group saw revenues from its Bogs footwear brand plummet by 47.0 percent in the second quarter. This comes after two consecutive quarters of weak results for the brand of boots - with sales down by 17.0 percent in the first quarter of 2016 and by 22.0 percent in the ...
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Jimmy Choo’s growth boosted by China, men’s shoes
The U.K.-based luxury shoemaker saw strong growth in the six months ended June 30, 2016 - despite what it described as a difficult trading environment for luxury goods - thanks to increasing sales of men's styles and a strong performance in China. It posted revenues that were up by 9.2 ...
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Prada falls sharply, may have touched bottom
The Prada Group has reported a serious drop of 24.7 percent to €141.9 million in its underlying net earnings for the first six months of its financial year, ended on July 31, as total revenues collapsed by 15 percent to €1,554 million, with a drop of 13 percent in constant ...
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Bru buys Hirica
Jean-François Bru, a footwear industry veteran who left the management of Groupe Royer a few months ago, has acquired 50 percent of the shares in Hirica, a profitable brand of comfortable women's pumps made in France, with big plans to build up the brand and boost its presence in foreign ...
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Caleres’ profits rise, but short of forecasts
Caleres posted earnings that jumped by 17.5 percent to $19.8 million in the quarter to July 30, 2016, or by 46 cents a share. Analysts surveyed by Thomson Reuters expected second-quarter earnings per share of 50 cents. The parent company of Famous Footwear and various footwear brands, previously called Brown ...
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Shoe Carnival’s performance weakens
Shoe Carnival posted profits and revenues for the quarter ended July 30, 2016 that came short of Wall Street's expectations, with sales increasing by just 1.7 percent over the year-ago quarter to $231.9 million. Comparative store sales increased by half a percent. Net income for the quarter was down by ...
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Leadership changes at Timberland, Smartwool and Vans
VF Corp. has announced several executive changes at some of its outdoor brands. At Timberland, Jim Pisani has been named the brand's new global president, effective Aug. 8. He replaces Stewart Whitney, who left the company in July after less than two years on the job. Since 2008, Pisani has ...
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Sabu records stable sales and expands own trade show concept
Sabu Schuh & Marketing, one of the major German voluntary groups for independent shoe retailers, announced that its centralized settlements declined by 0.6 percent to €181.7 million in the first half of 2016, as compared to the first half of last year. Affiliated retailers suffered an average decline of 1.6 ...
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Crocs sells more but falls short of guidance
Crocs posted revenues for the second quarter that came up short of its own guidance for sales in the range of $340 million to $350 million. They dipped by 6.3 percent over the year-ago quarter to $323.8 million, or by 6.2 percent on a constant-currency basis.The company blamed the challenging ...
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Deckers falls less than expected
Deckers Brands posted a lower-than-expected net loss of $58.9 million in the seasonally weak first quarter of its financial year, ended June 30, although it remained higher than the $47.3 million loss recorded in the year-ago period. The gross margin rose to 43.7 percent from 40.5 percent in the same ...
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Yoox posts a double-digit sales increase
Yoox Net-a-Porter Group (YNAP) posted revenues of €897 million in the first half to June 30, representing a 15.8 percent increase on a constant currency basis, driven by a strong performance from the off-season sites Yoox.com and The Outnet. The increase was of 13.4 percent when adjusted for current exchange ...
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Global shoe production sligthtly down
Shoe production fell by 0.4 percent to 23.0 billion pairs in 2015, according to the World Footwear Yearbook. It was the first decline since 2009, when it was affected by the financial crisis. The Yearbook is compiled annually by the Portuguese shoe industry association, Apiccaps, in partnership with the GDS.Much ...
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Will the EU sign an FTA with the U.S.?
Top government officials in Germany and France raised doubts for the first time this week that the European Union will be in a position to sign a free trade agreement (FTA) with the U.S. before the end of this year. As the U.S. is the biggest importer of footwear, representatives ...
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Steve Madden forms European joint venture
Steve Madden has confirmed the establishment of a new joint venture with SPM Shoe Trade to position the American brand for future growth in Europe. Madden was the biggest single client lately for SPM, a 25-year-old trading company based in the Netherlands with an annual turnover of around €60 million, ...
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Wolverine falls less than expected
Wolverine Worldwide reported a 5 percent drop in its net income to $24.0 million for its second quarter, ended June 18, as its sales fell for the fourth quarter in a row, down by 7.4 percent to $583.7 million in dollars and by 5.2 percent on an underlying, currency-neutral basis. ...
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Geox holds up sales but profit margins falls
Geox managed to bolster first-half sales through promotions and additional advertising, which put pressure on operating margins. The company suffered from a sharp slowdown in retail sales, with same-store sales up by 1.8 percent during the first six months compared with company expectations of a 5.0 percent rise.Comparable store sales ...
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LVMH’s fashion segment stagnates
Performing a little better in the second quarter than the first one, the LVMH group grew by 4 percent to €17.2 billion in the first half of 2016, with a 3 percent increase on an organic basis, although the global luxury market rose by an estimated one percent. The growth ...
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Ferragamo’s sales and margins are trending positive
Salvatore Ferragamo reported a 1.7 percent drop in its sales to €710.2 million for the first half of 2016, as second-quarter revenues followed the same trend seen in the first three months of the year. At constant currency rates, the top line fell by 3.1 percent. Revenues were affected by ...
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A mixed picture in Germany
The German shoe industry raised its turnover by 7.1 percent to €994 million in the first four months of this year according to the German shoe industry federation, HDS/L. It grew by 8.5 percent to €765 million on the domestic market and by 2.8 percent to €229 million in the ...
