All Article articles – Page 178
-
Article
Weyco posts lower revenues, with Bogs’ down by 22%
Weyco Group reported sales of $87.4 million for the fourth quarter of 2015, down from $95.3 million in the fourth quarter of 2014. The big problem was a sudden 22 percent drop for Bogs in North America, after many seasons of strong growth for the brand of outdoor boots, due ...
-
Article
Europe to represent 25% of Geox’ sourcing
By 2018, Geox plans to source at least 25 percent of its production in Europe, up sharply from only about 5 percent in 2013, largely because of the development of its new Serbian plant. In the meantime, China's share would drop to 10 percent from 40 percent five years earlier.Reconstructing ...
-
Article
Shoe Carnival’s profits up 40% in the quarter
Shoe Carnival saw its net income for the quarter ended January 30, 2016 rise by 40.0 percent year-on-year to $4.2 million. The footwear retailer said its multi-channel sales strategy and reward programs were among the factors that helped it pull off a strong quarter. Sales increased by 2.7 percent to ...
-
Article
Ecco grows by 7%
Ecco reported a 4 percent increase in pre-tax earnings to €183 million for 2015 on 7.4 percent higher net revenues of €1,256 million, implying a drop in the profit margin to a still strong level of 14.6 percent from the 2014 level of 15.1 percent. Net earnings rose marginally to ...
-
Article
DSW invests more in digital after profits plummet
DSW has announced a definitive agreement to acquire Ebuys, an off-price e-commerce footwear and accessories retailer with a presence in North America, Europe, Australia and Asia. The transaction is expected to close over the next 30 days.The initial purchase payment of $61 million is being funded using cash on hand. ...
-
Article
Footwear aids Gucci turn the corner
Gucci seems to have finally come out of the doldrums. The big luxury brand owned by Kering recorded a 4.8 percent sales increase on a comparable basis in the fourth quarter of 2015, when the first apparel and footwear collections created under the leadership of the new artistic director of ...
-
Article
Havaianas helps Alpargatas to book higher sales and profits
Alpargatas reported an 11.6 percent increase in net revenues from continuing operations to 1,131.7 million reais (€276.9m-$307.6m) for the fourth quarter ended Dec. 31. Topper and Rainha, two loss-making sports brands being sold by the group, are not included in the figures for Brazil, where the group's sales fell by ...
-
Article
Leder & Schuh is concentrating further
Leder & Schuh is further reorganizing its operations in Austria, where it is now concentrating on the Humanic and Shoe4You banners. As previously reported, in Germany it is concentrating on the development of Humanic chain following an agreement to sell 54 Shoe4You and Jello stores in that country to Kienast ...
-
Article
Another down quarter for Crocs, especially in Europe
In line with a previous forecast made by its management, Crocs reported a 7.0 percent sales increase for the fourth quarter of 2015 in terms of local currencies. Translated into dollars, this led to an increase of only 1.1 percent to €208.7 million for the quarter.However, average selling prices were ...
-
Article
Brazil extends anti-dumping duties
After a lengthy investigation and intensive lobbying by all interested parties, the Brazilian government decided on March 2 to extend the anti-dumping duties on footwear imports from China that it imposed in 2009. They will run for a further five years, the maximum allowed by the World Trade Organization, but ...
-
Article
Yoox Net-a-Porter’s growth beats expectations
Yoox Net-a-Porter (YNAP) posted revenues of €1.7 billion for 2015, which represented a 30.9 percent increase, or 20.8 percent at constant exchange rates, compared with 2014. The positive performance was driven by strong growth across all business lines. The Asia-Pacific was the fastest-growing region with an increase of 23 percent ...
-
Article
Brazil slowdown hits Grendene’s results
Grendene posted gross revenues that were down by 10.0 percent in the last quarter of 2015 against the same period in 2014. Total gross revenues for the parent company of Ipanema, Melissa, Rider and Grendha decreased by 18.8 percent to R$530.6 million (€125.7m-$136.4m) in Brazil, but gained 14.6 percent to ...
-
Article
Caleres reports lower quarterly profits
Caleres, the parent of Famous Footwear and various footwear brands previously called Brown Shoe Co, reported sales of $608.7 million for the fourth quarter ended Jan. 30, down from $615.4 million for the quarter ended Jan. 31, 2015. Excluding revenues from Shoes.com, which was sold in December 2014, sales were ...
-
Article
CCC wants to be a leader in the online space
After three years of considerable expansion with physical stores beyond its national borders, with the total floorspace rising by 124 percent to over 205,000 square meters, the Polish-based CCC Group says it is now aiming to become the leader in online shoe retailing in Central Europe in the next three ...
-
Article
New CEO for Vivarte
The big French retail conglomerate, which covers about 20 percent of the French shoe market through chains like André, La Halle aux Chaussures, Minelli and San Marina, is changing its head for the third time in four years. The investment groups and other shareholders that refinanced the company two years ...
-
Article
Geox signs on two Chinese distributors
Geox has found two Chinese distributors to replace Riqing Enterprise and help it cover the whole mainland while it pursues a strategy of opening directly-operated stores (DOS) in Beijing and Shanghai.The company has signed a deal giving Pou Sheng International, the Chinese retail subsidiary of Yue Yuen Industrial Holding, an ...
-
Article
Is Steve Madden making a comeback in Europe?
For the first time in recent memory, Steve Madden had a big booth at theMicam show in Milan last month, evidently with the intention of playing a stronger role in Europe and other markets. Company officials said they could not make any comments at this stage. Three of its stores ...
-
Article
VF disappoints investors
The usually buoyant Outdoor & Action Sports coalition of VF Corp. suffered a 3 percent drop to $2.1 billion in its sales during the fourth quarter ended Jan. 2, largely due to the warm weather conditions that also hurt Wolverine Worldwide, Deckers Brands and other companies with the exception of ...
-
Article
Tod’s slows down store openings
The management of Tod's said that it is comfortable with financial analysts' expectations of an increase of about 5 percent in this year's sales to nearly €1,090 million. The company estimates that it will continue to benefit from foreign currency exchange rates, but the impact will be less significant than ...
-
Article
Genesco reports higher sales, but earnings are down
Genesco reported a sales increase of 4.4 percent to $932.2 million for the fourth quarter ended Jan. 30. Sales for the Schuh Group of $122.2 million were down by 2 percent. The company's earnings from continuing operations of $46.7 million were down from $51.8 million for the fourth quarter of ...
