All Article articles – Page 176
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Base London and Cheaney win awards
Base London and Joseph Cheaney & Sons were the two British footwear companies that won this year the Queen's Awards for Excellence in International Trade, coinciding with the celebration of Queen Elizabeth's 90th birthday.Cheaney has been making its traditional Goodyear-welted shoes in the Northamptonshire district of England since 1886. Jonathan ...
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Bata stores are closing in France and Switzerland
The Bata group has decided to shut down all its 29 stores in Switzerland, mentioning several factors such as the competition from e-commerce and the strength of the Swiss fra+nc, which has been encouraging Swiss residents to make purchases on the other side of the borders in France, Germany and ...
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Rocky Brands posts a quarterly loss
With sales dropping by 12.2 percent to $57.5 million, Rocky Brands posted a loss of $0.2 million in the first quarter of 2016 as compared to a net income of $1.4 million in the quarter a year ago.The American footwear and apparel company said the factors that affected its core ...
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Brazilian exports recover slowly
Brazil's shoe exports increased gradually from one month to the next in the first three months of 2016 but remained below the comparable levels of last year. From $69.3 million in January, Brazil's exports rose to $77.7 million in February and $79.8 million in March. They had already increased by ...
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Buoyant quarter for Skechers ex U.S.
After another sharp rise in the first quarter, Skechers' international wholesale turnover has turned into the largest part of its wholesale business, driving another robust quarterly sales increase and a surge in profits for the American footwear brand.David Weinberg, Skechers' chief operating officer and chief financial officer, said in a ...
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LVMH’s fashion business slows down
LVMH's Fashion and Leathergoods segment, led by Louis Vuitton, continued its gradual slowdown. It posted stable revenues of €2,965 million in the first quarter of this year, after an increase of 3 percent in the second half of last year. It continued to perform less well than the other segments ...
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Ferragamo’s CEO steps down
Salvatore Ferragamo announced that, after a decade at the helm, its chief executive officer Michele Norsa, 67, plans to step down by the end of the year to focus on his family and new professional interests. To ensure a smooth transition, he will remain at his post until a successor ...
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Luxury goods spending by Chinese and Russians down
Spending on luxury goods by Chinese shoppers abroad fell by 24 percent in March, according to Global Blue, the international sales tax refund organization. The figures were dragged down by a 35 percent drop on an annualized basis in Europe, where deadly terrorist attacks recently took place in Paris and ...
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Shoes are counterfeited the most globally
Branded footwear saw the most counterfeits globally each year between 2011 and 2013, says a report published by the Organization for Economic Co-operation and Development (OECD) and the European Union Intellectual Property Office (EUIPO) on April 18.“Trade in Counterfeit and Pirated Goods: Mapping the Economic Impact” analyses almost half a ...
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Steve Madden working on a European deal
While outlining results for the first quarter that were in line with expectations, the U.S. company's management said that it is working on “a new sales structure in parts of Europe” and indicated that it may have something to say about them three months from now.As previously reported, Steve Madden ...
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Sabu goes more digital
Sabu Shoe & Marketing, one of the major German voluntary groups for independent shoe retailers, have completed the acquisition of a 15 percent stake in the so-called European Clearing Center (ECC), a data clearing house for footwear products sold in the German-speaking countries.Sabu has acquired the stake from the founder ...
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Gucci’s growth slows down, too
Like other luxury goods brands, Gucci's recently resumed growth slowed down to a rise of 3.1 percent on a comparable basis in the first quarter of this year. It was lower than the 5-6 percent range forecast by financial analysts and from the 4.8 percent sales increase scored in the ...
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Prada stops store expansion, reviews strategy
The Prada Group once again released disappointing results for fourth quarter, raising questions about the group's strategy in a changing marketplace. The company has been criticized for having a narrow product range and being late in developing e-commerce. It also engaged in an aggressive retail expansion when some of its ...
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French shoe exports rise strongly
The French shoe market declined for the fourth year in a row last year. It fell by 0.5 percent to an estimated level of €8.8 billion after decreases of 0.8 percent in 2012, 1.4 percent in 2013 and 1.9 percent in 2014. The second and third quarters of 2015 were ...
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The luxury goods industry is touching a low point
The recent slowdown in the growth of the Chinese economy has been affecting purchases of luxury products by Chinese shoppers in the mainland and abroad. The economic recession in Russia and Brazil has led to a decline in foreign shopping by their residents. The recent terrorist attacks in France and ...
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Groupe Royer reaches a high point
Groupe Royer, one of the largest brand owners and distributors in the French shoe sector, reveals that it has taken on the license for Hush Puppies for France and Switzerland from a subsidiary of Wolverine Worldwide, starting with the spring/summer 2015 season. It has committed itself to raising the number ...
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Italy’s fashion industry grew less than expected in 2015
Camera Nazionale della Moda Italiana, a major fashion industry association in Italy, has downgraded its estimate for the growth of the national sector in 2015, estimating that it did not exceed 1.5 percent compared with 2014. For the first six months of 2016, however, the institute's outlook calls for a ...
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Phoenix posts weak Q4 and full-year results
Phoenix Footwear Group, the parent of Trotters and SoftWalk, reported a 9.7 percent sales decline in the fourth quarter, ended Jan. 2, with revenues down to $5.1 million. Net sales for fiscal 2015 decreased by 1.5 percent to $21.7 million from $22.0 million the year before.Phoenix blamed the fall in ...
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Simple Shoes is poised to come back after crowdfunding
Last fall, Simple Shoes turned to Kickstarter, a New York-based crowdfunding platform, to raise capital for a relaunch after a four-year hiatus. During the month-long funding period, ended July 15, the campaign successfully attracted 1,366 backers who pledged a total of $121,508, almost five times the brand's initial $25,000 goal.Backers ...
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Alexis Nasard becomes CEO of Bata
The Bata group has a new chief executive, Alexis Nasard, 49, who comes from Heineken. He takes the place left by the departure of Jack Clemons last September. His appointment comes after a number of changes in the group's board of directors and its management team, which became effective last ...
