All Article articles – Page 175
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Bogs’ sales tumble in the first quarter
Sales of Bogs, the American specialist supplier of waterproof footwear, tumbled by 17.0 percent during the first quarter of 2016 compared with the year-ago quarter, primarily due to a mild winter season. The drop followed a sudden 22 percent decrease for Bogs in North America during the last quarter of ...
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New owners for Pom d’Api and other kids’ brands
A dozen French private investors have acquired all the shares of Rautureau Appel Shoes Kids (Ras Kids), parent company of Pom d'Api and other old and new French brands of children's shoes -10is (pronounced tennis), Schoopom, Schwik and Clotaire – that are positioned in different market segments.Founded in 1973 by ...
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German trade shows change layout
The GDS has announced a change in its hall layout for the coming summer edition, to be held on July 26-29 in Düsseldorf, as the total number of exhibiting brands will drop to about 600 from 800 last February. The show will only take place in Halls 1 to 5. ...
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Tod’s warns on growth, changes strategy
Tod's warned that sales growth is likely to be lower than previously expected for the group in 2016 due to a shift in the timing of deliveries and disappointing sales for some of its models of handbags. It also announced a change of course for the Tod's brand after the ...
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Geox confirms targets despite retail slowdown
Geox confirmed its guidance despite a sharp slowdown in same-store sales in March and April. The company found comfort that its announced turnaround continues to strengthen as the order backlog for the autumn/winter 2016/17 collection has risen by 14 percent, with similar increases for shoes and apparel, exceeding expectations and ...
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Zalando continues investing in new technologies
Zalando acquired a German IT company, Tradebyte Software, for an undisclosed sum earlier this month to strengthen its ability to digitalize its partner suppliers' inventories and to connect them with its own operations. Europe's largest online fashion retailer has budgeted investments of €200 million in new technological initiatives in 2016. ...
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Vulcabras continues to improve
Confirming its financial turnaround, the Brazilian company that sells its own shoes under the Azaleia, Dijean, Opanka and Olympikus brands, reported a 17.0 percent increase in net revenues to 251.5 million reais (€62.7m-$70.4m) for the first quarter ended March 31.The gross margin improved to 33.2 percent from 32.4 percent in ...
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Wolverine declines less than expected
While continuing to scout the market for possible acquisitions, Wolverine Worldwide's management is considering another possible review of its brand portfolio, after its recent termination of the Patagonia footwear license and the divestiture of Cushe.Meanwhile, it is doubling investments in market intelligence as it sees the need for product innovation ...
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Grendene’s results worsen as the economy deteriorates
Grendene posted revenues for the first three months of 2016 that were down by 10.5 percent from the year-ago quarter to 475.8 million reais (€120.2m-$137.0m). The Brazilian group blamed this performance on the fact that the economic situation in Brazil worsened in the past few months, resulting in a weak ...
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Dielmann takes over Mengin shoe stores
Retroactively to May 1, Dielmann, one of the major German shoe retail chains, is taking over the four remaining stores of Mengin, the insolvent shoe retail chain based in Erlangen. Mengin had already closed eight of its 12 stores due to rising rents, which made up the half of the ...
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Rocket Internet is in the doldrums
The share price of Rocket Internet, a co-founder and shareholder of Zalando, has been cut in half to less than €22 after a series of disappointing financial statement. Most recently, a new €300 million round of fund-raising shaved €2 billion off from the original €3 billion portfolio value of the ...
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Timberland extends environmental standards
Timberland has announced a set of environmental standards – the Timberland Environmental Product Standards (TEPS) – across all of its product categories. Building on the legacy of its Earthkeepers collection, the company is now setting environmental targets for all product categories, not just one collection. The company has also unveiled ...
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Phoenix Footwear posts further losses
Phoenix Footwear, the U.S.-based parent company of Trotters and Softwalk, saw its earnings and sales tumble in the first three months of 2016 due to its planned exit from a large national retailer, along with a shift in the timing of sales to an occupational account and online retailer, and ...
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New generation takes over at Wortmann
Horst Wortmann, who celebrated his 75th birthday on May 8, will quit on May 31 the operational management of all the subsidiaries of the big German group that bears his name and that he founded in 1967. The departure of the group's main shareholder will coincide with end of its ...
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Yue Yuen posts higher profit and revenues
Yue Yuen Industrial Holdings posted a 3.1 percent increase in revenues to $2,028.3 milliion for the first quarter ended Mar. 31, with a 10.8 percent decline for casual/outdoor shoes that was offset by 5.7 percent higher sales of athletic shoes. The total shoe manufacturing volume for the period rose by ...
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Pakerson restructures
Pakerson, the high-end Tuscan brand of men's shoes, is negotiating an agreement with the representatives of its 64 workers to reduce its workforce, in line with a big drop in its turnover. Its sales fell by 22 percent in 2014 and by a further 50 percent last year, down to ...
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Women are not wearing the right shoe sizes
About one-third of women around the world are not wearing the right shoe size, according to a survey published last month by Long Tall Sally, a British fashion retailer, which specializes in apparel and footwear for tall women. It recently commissioned a survey of 3,000 women in the U.S., the ...
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Stella optimistic for 2016 despite volatility
For the first quarter of 2016, ended on March 31, Stella International recorded revenues of $280.3 million, down 5.9 percent as compared to the first quarter of the previous year. The drop was attributed to the slow start to the winter season in 2015.Manufacturing revenues fell by 6.5 percent to ...
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Consolidation around ANWR Schuh
The ANWR group is consolidating the operations of two satellite buying groups, Garant and Quick Schuh. As it has already done in other countries, since January ANWR has begun to take more direct care of the 595 German independent shoe retailers of Garant through its central structure in Mainhausen.They were ...
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Ara takes over Klauser and Salamander stores
The Ara AG holding group, which already owns or has shareholdings in the Ara, Lloyd, Salamander and Legero brands of footwear, is taking a big step into multi-brand shoe retailing by taking over a big German chain of shoe shops, Schuhaus Klauser, and more direct control over the German stores ...
