All Article articles – Page 174
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New Humanic concept for Germany
Leder & Schuh, which booked another loss in the past financial year, is further reorganizing its operations in Austria and Germany, where it is now concentrating on the Humanic and Shoe4You banners. According to Schuhkurier, the new management of the Austrian retail group has indicated that all other retail formats ...
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New management and record sales for Deckers
Deckers Brands announced that Dave Powers would succeed Angel Martinez as chief executive of the American group following Martinez' retirement, effective May 31, after a long career. Martinez was a co-founder of Keen. He acted as CEO of Rockport, chief marketing officer of Reebok and CEO of Keen before he ...
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India stimulates technology and design
The leather sector is one of the 18 sectors selected by the Indian government for an international promotion program called “Make in India,” arguing that the country can be a more relevant alternative to China as a source of footwear production than some other emerging countries. With a growing middle ...
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Ecco reshuffles top positions
Ecco decided to initiate a gradual generational handover of responsibilities in the executive board at its supervisory board meeting and its annual meeting last month. After being in charge of the big Danish group for almost 12 years, Dieter Kasprzak is handing over its day-to-day management to Steen Borgholm, and ...
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Spain exports less
After the considerable growth that they experienced in 2015, Spain's footwear exports declined in the first quarter of 2016 for the first time in four years. They went down by 0.5 percent in volume to 46.3 million, and at an even higher rate of 3 percent in value to €843 ...
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French and Italian firms top the global luxury market
The world's 100 largest luxury goods firms generated revenues of $222 billion in the financial year 2014, 3.6 percent higher on an annualized basis. This compares to an 8.2 percent growth rate in 2013. The threshold sales level for belonging to the Top 100 in 2014 was $191 million. The ...
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The luxury goods market is growing slowly
The global personal luxury goods market posted a modest 1 percent growth in the first quarter of 2016. This trend is expected to continue throughout the year and confirms the trend that started in 2015, which marked the beginning of a new era of slower growth. The global personal luxury ...
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Italy’s shoe industry is not recovering
Footwear consumption continued to decline in Italy during the first three months of this year, falling by 1.3 percent in volume and by 3.7 percent in value during the first three months. At the same time, 39 Italian shoe companies closed their doors and the number of employees placed on ...
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Sugi starts licensing shoes
Sugi International, the big Chinese sourcing company run by Massimo Sinigaglia, started delivering last summer its first footwear collections developed under license with three big brands – Lamborghini, Lee Cooper and Lonsdale – and is about to launch another one with a brand whose name is being kept confidential.The new ...
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Shoe Zone suffers lower sales and profits
Shoe Zone saw pre-tax profit fall by 4.5 percent on an annualized basis to £1.9 million (€2.4m-$2.8m) in the six months ended April 2. Revenues dropped by 4.6 percent to £74.6 million (€95.2m-$108.6m). The budget footwear retailer attributed the decline in profit and revenues to the closure of loss-making stores, ...
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Ferragamo’s Q1 sales slip but profitability rises
Salvatore Ferragamo reported a 1.8 percent drop in its first-quarter results to €321.5 million, due to a decline in its retail business. At constant currency rates, the top line fell by 2.4 percent. Sales at Ferragamo's own retail sales around the world declined to €191.7 million, down by 3.6 percent ...
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Anti-counterfeiting group won’t admit Alibaba
The International Anti-Counterfeiting Coalition (IACC) has stated in a public letter that it is suspending the new class of membership under which Alibaba had recently joined. The Washington-based organization, whose mission is to fight counterfeiting and piracy, disclosed the decision on May 13 after the Associated Press (AP) reported that ...
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Alibaba posts the fastest sales growth in the last four quarters
Alibaba posted revenues of 24.18 billion yuan renminbi (€3,295.3m-$3,692.5) in the fourth quarter ended March 31, recording strong growth in mobile users, active buyers and transactions. Revenues increased by 39 percent compared with the same period last year, the highest revenue growth rate for the past four quarters. Net income ...
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Alpargatas performs relatively well
Alpargatas posted upbeat results for the first quarter of 2016, despite the ongoing low consumption rate and other economic problems in Brazil. Total revenues increased by 9.3 percent to 1,011.6 million reais (€251.1m-$281.9m) during the quarter ended March 31 for the company that owns the Havaianas and Dupé brands of ...
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Ferragamo appoints Eraldo Poletto CEO
Salvatore Ferragamo has chosen Eraldo Poletto as the successor of its long-time chief executive, Michele Norsa, who will step down on Aug. 2 after 10 years in the job. Norsa, who has been running the Florence-based shoemaker since 2006, accompanying its stock market introduction in 2011, will continue as a ...
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Crocs turns around in the quarter
Crocs surprised investors with better-than-expected sales and profits for the first quarter ended March 31. Its revenues increased by 6.5 percent over the corresponding period a year ago to $279.1 million. On a constant-currency basis, they gained 9.2 percent. The company said this performance was driven by the positive response ...
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Toms gets people to walk barefoot
On May 10, Toms celebrated this year's “One Day Without Shoes,” the annual occasion which is meant to raise awareness of the importance of proper footwear for children's health and education. In many parts of the world, children cannot afford to wear shoes which would protect their feet from harmful ...
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Shoes could benefit from Unido’s new program in Indonesia
The United Nations Industrial Development Organisation (Unido) has announced a new country program for Indonesia for 2016-2020, designed as a road map to the country's inclusive and sustainable industrial development. Unido's director general, Li Yong, and Indonesia's minister for industry, Saleh Hussein, officially inaugurated the program during a ceremony in ...
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L.K. Bennett posts strong online growth
L.K. Bennett saw its revenues for the year to Aug. 1, 2015 decrease to £93.6 million (€121.6m-$136.5m) from £95.3 million. The company attributed the slight decline to its increased focus on reducing the number of underperforming stores in the U.K. On a comparable basis, sales increased by 5 percent.The British ...
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Clarks reports a big drop in profits
C & J. Clark (Clarks) has reported a big drop in profitability for the financial year ended Jan. 31. The group's operating earnings fell to £45.8 million (€59.5m-$66.7m) from £112.7 million in the year-earlier period while revenues rose by only 2.6 percent to £1,494.4 million (€1,940.0m-$2,177.0m).An increase in average selling ...
