All Article articles – Page 180
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Clarks streamlines operations
Clarks says it is in discussions for the elimination of 170 job at its operations across the world. The company has reportedly already laid off about 50 members of the staff at its head office and warehouse in Somerset. It will provide them with a full package of support, including ...
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Stella closes its Dongguan plant
Stella International Holdings is closing its large factory in Dongguan, which employs some 10,000 workers, at the end of this month, due to rising labor costs. The plant has been making mainly women's shoes for brands like Prada, Rockport and Nike. The Chinese producer will move most of the production ...
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Vivarte sheds its shoe factory, which goes upmarket and digital
After announcing the shutdown of almost 300 loss-making shoe and fashion stores, the French parent company of André, Minelli and many other retail chains said it is looking for new investors to acquire its shoe manufacturing subsidiary, Compagnie Vosgienne de la Chaussure (CVC). The operation, which represents only about one ...
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Skechers is driven by international sales
Sales grew by 27 percent to $722.7 million in the fourth quarter of 2015 for Skechers USA, leading to a 34.3 percent increase in net earnings to $29.5 million for the period. However, the company indicated that it had an increase of only about 8 percent in its wholesale revenues ...
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Toms Shoes on a growth path in Europe
Toms Shoes, a brand that has won strong recognition among consumers worldwide because of its One-for-One policy of giving an extra pair of shoes or eyeglasses to people in need for each one that is bought, achieved an increase of its total sales by 35-40 percent in Europe last year, ...
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Lloyd expands internationally
Lloyd Shoes signed an exclusive distribution contract for ten years with Kingwood in China two weeks ago. Kingwood, which is also the exclusive Chinese distributor for Gabor, Sioux and Zilli, a French luxury brand, will also be taking care of sales in Hong Kong and Macau for the German shoe ...
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Softening growth for LVMH’s fashion segment
The growth of the Fashion & Leathergoods segment of LVMH softened to 11 percent in euros and 3 percent in local currencies during the second half of 2015. In the full financial and calendar year, its sales went up by 14 percent to €12.37 billion. On an organic basis, excluding ...
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Mixed figures from the German market
The German footwear industry recorded a 0.9 percent increase in total sales to €2.4 billion in the first eleven months of 2015, as compared to the same period of the previous year, said HDS/L, the German shoe and leathergoods industry's association, at this week's GDS fair in Düsseldorf. While its ...
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Macintosh shrinks further
The Dutch-based Macintosh Retail Group, which became insolvent in December, has sold its Brantano chain of family shoe stores in Belgium and Luxembourg as well as 20 Dolcis shoe shops, 35 Manfield stores and its lower-priced Scapino shoe retail chain in the Netherlands. Meanwhile, the less profitable Brantano chain in ...
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Good growth for Zalando
Zalando finished the last year strongly, booking a 30 percent sales increase to between €865 and €872 million, according to preliminary figures in the fourth quarter of the year, lifted by lifestyle products. Adjusted operating earnings (Ebit) reached a level of between €61 and €78 million for the period, or ...
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The luxury goods sector is under pressure
The big slowdown in the Chinese economy and that of the other major emerging countries, with the exception of India, has probably caused the luxury goods sector to record an overall sales increase of only one to two percent in 2015, according to Bain & Co.While sales of watches declined ...
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Hermès predicts slower growth
Hermès International reported a strong sales increase of 17.5 percent to €4.84 billion in 2015. In local currencies, the company's growth was limited to 8.1 percent for the year, performing better than the overall luxury goods industry. However, the company's organic growth slowed down to 7.2 percent in the fourth ...
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Leder & Schuh sells 54 German stores to Kienast
We had already reported on the desire expressed by Leder & Schuh, the Austrian parent company of Humanic and Stiefelkönig, to divest its lower-priced Shoe4You and Jello chains of shoes stores. Today, the company announced that the Kienast group, one of the largest and most successful German shoe retailers, has ...
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Talks reported for bankrupt Scapino
At least three companies are reportedly holding talks about the takeover of Scapino, the large Dutch shoe retailer that was declared bankrupt last Friday. While Scapino stores remain open, a spokesman for the receivers confirmed that they were holding talks with interested parties to obtain a rapid relaunch for the ...
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U.S. shoe retailers perform better than expected
Shoe Carnival surprised financial analysts by announcing a 2.9 percent sales increase on a comparable store basis for the fourth quarter ended Jan. 2, in spite of warm weather conditions in many parts of the U.S. Athletic, skate and canvas shoes performed particularly well. The retailer, which had already reported ...
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The Bos group represents Pajar Canada in Europe
Pajar Canada has signed a multi-year distribution agreement with the Dutch-based Bos Group, covering most of the Western European countries, starting with the autumn/winter 2016/17 season. At the same time, Pajar Canada has agreed to distribute the Bos Group's Maruti line of men's and women's shoes through its own sales ...
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New boss and new plans for Sergio Rossi
Sergio Rossi has a new chief executive, Andrea Morante, following the completion of the sale of the luxury women's shoe company by Kering to Investindustrial, the Italian investment company run by Andrea Bonomi (see our previous issue). Morante has been running Pomellato for six years. He was also a minority ...
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New boss for Dr. Martens in the U.S.
Leslie Lane is leaving as chief executive of Dakine, the American sports lifestyle brand, after two and a half years in the post, to become president of Dr. Martens for the U.S. and the Americas on Jan. 28, replacing Bob Bradford. He will be based in Portland, Oregon, reporting to ...
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Kenneth Cole returns to Europe
Kenneth Cole Productions has signed a three-year distribution contract with a new Dutch-based company, LF Brands, for the sale of its Kenneth Cole New York and Women's Gentle Souls line in seven European countries: Germany, Austria, Switzerland, France, Belgium, the Netherlands and Luxembourg.LF Brands will present the collections at the ...
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Valleverde is making a comeback
After two months of sales, the well-known Italian brand of comfort shoes has received initial orders for about 150,000 pairs for its spring/summer 2016 collection, developed very quickly after the bankruptcy court picked Silver 1 as Valleverde's new owner in May. Orders have been placed by 850 dealers, way up ...
