All Article articles – Page 172
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Superga stops growing
BasicNet, the parent company of Kappa, K-Way, Superga and other brands, reported aggregate sales of €360.2 million for the first half ended June 30, down from €372.4 in the first half of last year. However, after several years of strong growth, Superga's revenues were down to €70.1 million as compared ...
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Zalando grows strongly, launches new initiatives
Zalando's sales continued to grow rapidly in the second quarter, rising by 25 percent over the year-ago period and reaching an adjusted operating margin (Ebit) of 8.8 percent on sales of €916 million, more than double the 4.1 percent margin reached a year earlier. The number of active customers rose ...
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Gucci shines
Gucci became the hottest luxury brand in the first half of this year, according to a study carried out by Exane BNP Paribas, measuring their editorial value, or the ratio between their spending on print advertising and the editorial coverage they receive in magazines. Its editorial value grew by more ...
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Yue Yuen improves margins
Revenues were up barely by 0.8 percent at $2.28 billion for Yue Yuen Industrial in the first half ended June 30. Excluding extraordinary items, the operating profit rose by 11.9 percent to $233.7 million and net earnings grew by 18.3 percent to $2,248.7 million. Comprehensive net income increased by 10 ...
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Rocky invests in lifestyles and military
After posting dismal results for the second quarter, Rocky Brands announced that it will reduce its U.S. workforce. It will also redeploy more capital to support its lifestyle brands and to further expand its production facilities in Puerto Rico, partly to take advantage of a triple-digit increase in military footwear ...
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Madden weighs new moves outside the U.S.
In reporting slow growth in its second quarter, Steve Madden said it continues to believe that the brand has tremendous growth potential in China and is currently evaluating alternatives for this business, including a change in the business model from a distribution arrangement to a joint venture structure.The company, whose ...
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Global luxury market to exceed €310 billion in 2025
The global luxury market, which is already expected to increase by 2 percent at the most in 2016, should grow from €250 billion in 2015 to a level of €310 billion to 340 billion in ten years' time, according to a recent study by Bain & Company. The study was ...
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New timelines for product launches affect trade shows
The 86th edition of Expo Riva Schuh, the international shoe show that focuses on the mass market, recorded a total of 11,025 visitors last month, slightly below the level of 11,366 visitors reached a year ago. The number of exhibitors reached a new record of 1,438 companies, up from 1,389, ...
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Shoe industry managers analyze Brexit’s consequences
While the dust was settling on the startling vote that the British people cast against remaining in the European Union on June 23, several decision-makers in the footwear sector responded to our invitation to outline the effects that it may have on their businesses.In general, they admitted that it is ...
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Deichmann gains ground in a competitive Austrian market
According to a survey made by RegioData Research, the market research company based in Vienna and Munich, and published in Textilwirtschaft, the Austrian shoe retail market has an annual turnover of €1.5 per year. Shoe retailers record annual sales of €1.2 billion, while the rest is generated by fashion retailers, ...
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Toms’ founder gets a special award
Blake Mycoskie, who founded Toms Shoes ten years ago, got the Cannes Lionheart award at this year's Cannes Lions International Festival of Creativity on June 25. Introduced in 2014, the award is given to personalities who use the strength of commercial brands to improve the livelihoods of disadvantages people and ...
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Baldinini’s change of control will be difficult
The liquidators of Antichi Pellettieri have put up for sale its biggest asset - the 60 percent stake that the Italian company holds in Baldinini – to help reimburse its creditors. With a couple of leathergoods brands also in its portfolio and debts of more than €86 million, Antichi Pellettieri went ...
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In-house shoe production has benefits
Keen Footwear, which remains very committed to sustainability, is focused on boosting its in-house shoe manufacturing and assembly capacity from around 5 percent to 40 percent of its annual volume, which currently stands above seven million pairs per year. The balance will continue to be made by subcontractors in the ...
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Footwear industry get-together at the Berlin Fashion Week
The Berlin Fashion Week, which took place on June 28-30, was once again a successful platform for retailers and suppliers of apparel and accessories to meet and discover the new spring/summer 2017 collections.The Premium trade show hosted a total of almost 1,000 brands with 1,800 collections on a surface of ...
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CCC criticizes working conditions in European shoe factories
In the recently launched “Labour on a Shoestring” report, the Polish-based CCC Group denounced working conditions in European shoe factories. In the framework of the “Change your shoes” initiative, which was recently launched by the CCC Group, the report is accompanied by an assessment of 28 shoe suppliers, which revealed ...
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The sneaker trend fosters the German shoe retail market's consolidation
According to a study by the Institute for Trade Research (IFH ) in Cologne together with the BBE, the German consultancy for the retail industry, athletic footwear and lifestyle shoes is currently the best-selling segment of the shoe industry. The German shoe market increased by only 0.9 percent to €9.6 ...
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Tod’s posts new, disappointing figures
Non-European visitors spent 16.8 percent less than a year ago in Europe during the month of June, according to a study by Global Blue and Barclays, following a trend already spotted in previous months. The monthly score included declines in tax-free shopping of 17.6 percent in France, 18.2 percent in ...
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Skechers shares tumble as domestic performance disappoints
Skechers' earnings declined by 7.1 percent to $74.1 million in the second quarter ended June 30, missing Wall Street expectations. After the market close on Thursday July 21, the company's share price plunged by 15.3 percent.Revenues showed a lower-than-expected gain of 9.7 percent over the same quarter last year, rising ...
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Hermès shows resilience, except in fashion
In contrast with other luxury goods companies and brands, Hermès International reported a better-than-expected increase of 8.1 percent in local currencies in its turnover during the second quarter ended June 30. In terms of euros, sales rose by 8.9 percent to €1.25 billion.The growth was driven by the leathergoods and ...
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Vivarte will shrink further
The new management headed up by Stéphane Maquaire is reportedly going to propose to Vivarte's shareholders tomorrow a new business plan for the next five years that may involve the shutdown of about 100 out of the 680 discount-oriented shoe stores of its Halle aux Chaussures chain.The idea would be ...
