All Article articles – Page 177
-
Article
ANWR re-invites members to become shareholders of Mücke
Affiliated members of the ANWR Group have until April 22 to send non-binding declarations of intent for the purchase of shares in Schuh & Sport Mücke, a big German shoe and sporting goods retail chain that was acquired by ANWR in May 2014.The retailers affiliated with ANWR, the biggest German ...
-
Article
Vulcabras improves, downsizes in Argentina
Vulcabras, the Brazilian parent company of the Olympikus brand of sports shoes, reported a further improvement in its financial results during the past year in spite of the economic recession in its country and the loss of a distribution contract for Reebok in four South American countries, with effect from ...
-
Article
Jimmy Choo swings to profits, growing the most in Asia
Jimmy Choo announced preliminary results for its fiscal year, ended Dec. 31, posting consolidated net income of £19.4 million (€24.3m-$27.7m) as compared to a consolidated net loss of £10.8 million (€13.6m-$15.4m) the year before.The company's strategy of concentrating on Asia has paid off with the region continuing to see the ...
-
Article
Vivobarefoot beats equity crowdfunding target
As of April 6, Vivobarefoot, the brand of minimalist shoes with patented ultra-thin soles controlled by Galahad Clark, had secured over £1.2 million (€1.5m-$1.7m) from 1,121 investors with just one day remaining to invest, far exceeding its previously set goal of £750,000 (€625,678-$711,383). The largest single investment so far stands ...
-
Article
The Hickies’ lacing solution makes big strides
There have been ways to do without laces in sports shoes. Puma, which launched its revolutionary Disc technology 25 years ago, is resurrecting it now with a sleeker and lighter model of running shoes, using a more flexible steel cable to better adapt to the foot.Lotto Sport Italia has been ...
-
Article
Ferragamo boosts profits
Salvatore Ferragamo further improved its profitability in 2015 in spite of a loss from foreign exchange hedging, which knocked €51 million off its top line. The group's hedging position is expected to continue impacting results negatively by €6-7 million in the first quarter of 2016 but should end up close ...
-
Article
NeroGiardini boosts its European sales network
BAG, the Italian footwear company that owns the NeroGiardini brand, says it increased its sales last year by 2.5 percent to €209 million, but the company is building up a European distribution network in order to fulfill a long-standing plan to double its turnover. It now wants to accomplish this ...
-
Article
Nike’s self-lacing shoe has a sophisticated French challenger
As we have already reported in the European edition of Sporting Goods Intelligence, the publication that covers the athletic footwear sector, Nike unveiled a few days ago a futuristic automatic lacing system for its shoes.We pointed out that some other automatic lacing systems have already been invented. One was patented ...
-
Article
While producing less in China, Yue Yuen posts higher profits
The world's largest shoe manufacturer said its gross margin increased last year by 1.3 percentage points to 23.4 percent as rising labor costs were more than offset by a drop in raw material costs and improved efficiencies. This helped Yue Yuen Industrial Holdings to report a 17.9 percent increase in ...
-
Article
Ziylan takes a share in Reno’s parent company
Ziylan, the biggest shoe retailer in Turkey, with interests in manufacturing and brands, has agreed to acquire an undisclosed minority stake in the Hamm-Reno Group (HR), the second-largest shoe retail company in Germany, along with a financial investor, Capiton, and individual managers. Capiton will have majority control of the group.Officials ...
-
Article
Euromonitor traces global consumption trends
The footwear market in the Middle East and Africa is offering strong opportunities for growth, according to Euromonitor International, which made an interesting presentation of recent of future global trends at the Expo Riva Schuh fair at Riva del Garda, Italy in January.The speaker, Bernadette Kissane, noted in particular that ...
-
Article
CTC expands, strikes a deal with an Italian lab
The Lyon-based Centre Technique du Cuir (CTC), which claims to be the world's biggest testing and quality control institute specializing in the leather sector, has expanded its premises and signed an interesting collaboration agreement with Polo Tecnologico Conciario (PO.TE.CO), a similar specialized institute based at Santa Croce sull'Arno, in the ...
-
Article
Italian shoemakers expect some stability
Italian shoemakers are generally expecting stable business conditions for the first half of 2016, according to a survey made by their trade association, Assocalzaturifici. Orders collected in the last quarter of 2015 were up by about 0.5 percent in volume overall as compared to the same period of 2014, with ...
-
Article
Higher prices help Italian and Spanish exporters
Spanish shoemakers are gaining ground against the Italian industry in the rest of Europe, but they are losing market share in the rest of the world. For Spanish shoe companies, the European Union came to represent 64.8 percent of their total export revenues last year, up from 63.4 percent in ...
-
Article
Deichmann’s same-store sales grow by 1%
Breaking the symbolic €5 billion barrier, the Deichmann group raised its global gross revenues in 2015 by 8.3 percent to €5.3 billion. Net revenues increased to €4.6 billion, and they were up by 3.1 percent on a currency-neutral basis and by one percent on a comparable store basis. The group ...
-
Article
Geox grows by 6.1%
Geox' sales in its own stores suffered an unexpected slowdown in November and December, stemming from the Paris terrorist attacks that killed 130 people on Nov. 13, and the record warm weather in Europe. In the past months, the group's same-store sales suffered a roller-coaster ride, rising year-on-year by 7 ...
-
Article
Geox aims for sales of over €1 billion by 2018
After having declared a turnaround and reporting sales of €874.3 million for last year, less than €20 million short of the record level of €892.5 million posted in 2008, Geox said that it expects them to reach between €1,025 and 1,100 million in 2018. The target implies annual average growth ...
-
Article
Portuguese shoe exports rise by 1%
Portugal's shoe exports grew by about one percent to €1,850 million in 2015, says Apiccaps, the country's shoe industry association, after recalculating some dubious figures. It noted that it was a particular difficult year, marked by declines in France, which is the biggest market for Portuguese shoes, as well as ...
-
Article
Rocky Brands’ sales fell by 17% in Q4
Net sales of Rocky Brands' products dipped by 17.3 percent in the fourth quarter of 2015, down to $65.3 million against $78.9 million in the corresponding period of 2014. The American company's net income fell to $1.4 million from to $4.5 million.The gross profit declined to $22.2 million from $27.6 ...
-
Article
U.S. shoe imports grew by nearly 6% in 2015
According to the FDRA (Footwear Distributors and Retailers of America), U.S. annual footwear imports rose by 5.8 percent in value terms and by 5.7 percent in volume terms from 2014, growing at the fastest paces in the last four and five years, respectively. The organization said that the close of ...
