All Article articles – Page 182
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Zeis Excelsa focuses on its house brands and the internet
Zeis Excelsa has dropped all its licensing agreements to concentrate on the development of its own footwear brands - Docksteps, Cult and Virtus Palestre - and its participation in the international development of Dirk Bikkembergs, a brand whose ownership has fallen under the control of its Chinese distributor.The Italian company ...
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Vivarte will further reorganize its still profitable shoe business
Vivarte, which remains a main player in the French shoe retail market along with the Eram Group, has decided to shut down or convert to other formats 16 of the 650+ mass-market stores that it operates under its low-priced Halle aux Chaussures banner. This will be on top of the ...
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Tod’s buys the Roger Vivier trademark
Tod's has reached an agreement in principle to acquire the rights to the Roger Vivier brand from the Della Valle family, which is the main shareholder of the Tod's group. Until, now Tod's had a license agreement with the family, which owned the brand indirectly.The transaction has been unanimously approved ...
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Caleres reports higher profits
Caleres, the parent of Famous Footwear and various footwear brands previously called Brown Shoe Co., reported a net profit of $34.0 million for the third quarter, including $1.2 million of after-tax expenses related to the company's debt extinguishment in the second quarter. Excluding this expense, net earnings were $35.2 million, ...
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Shoe Carnival reports lower profits
Shoe Carnival reported sales of $269.7 million for the third quarter ended Oct. 31, up from $254.7 million in the third quarter of fiscal 2014. On a same-store basis, they rose by 6 percent, representing the fifth consecutive quarter ly progress for the American shoe retail chain. The positive sales ...
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DSW posts lower earnings, in line with revised guidance
DSW reported net income from continuing operations of $39.3 million for the third quarter ended Oct. 31, down by 20.7 percent but in line with its most recent projections. Sales decreased by 0.6 percent to $666 million while same-store sales dropped by 3.9 percent. The disappointing performance was attributed to ...
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Genesco posts higher sales and earnings but lowers guidance
Genesco reported earnings from continuing operations of $32.9 million for the third quarter ended Oct. 31, up from $28.8 million for the same quarter a year ago. The American retailer's adjusted earnings of $32.2 million were up from $30.3 million in the year-ago period. The group's quarterly sales increased by ...
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Fagus teams up with Ecco in Portugal
Ecco and Fagus Germany are setting up a common development and production site for shoe lasts in São João de Ver, in Portugal. The new joint venture is called “Fagus Portugal S.A.” and each company holds a 50 percent share of it. The two companies have been collaborating on the ...
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Nordstrom invests in Shoes of Prey
Nordstrom has participated in a $15.5 million round of investment raised by Shoes of Prey, an Australian start-up that pioneered on-demand customizable fashion footwear. The Aussie start-up has raised $24.6 million so far, with other investors including BlueSky Venture Capital, which has led the latest funding round, as well as ...
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Kering sells Sergio Rossi
Kering, the parent company of Gucci and many other luxury goods brands, had indicated for some time its intention to divest Sergio Rossi, an Italian brand of high-end women's shoes that has not been profitable for some time. Kering has finally announced an agreement to sell 100 percent of its ...
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New trends in the Russian market
We all know that the footwear market in Russia is going through hard times, but some are doing better than others, including some local manufacturers. Overall imports of finished shoes fell by about 20 percent during the first half of 2015 as compared to the same period in 2014, due ...
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Geox' spring/summer orders are up by 10%
Geox booked a 10 percent increase in wholesale orders for the spring/summer 2016 collection, as the Italian company proceeds with its turnaround. In the nine months to Sept. 30, the group posted a 6.1 percent increase in revenues to €708.9 million, with growth of 3.9 percent at constant exchange rates.The ...
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Tax-free shopping in Europe grows by 26%
Covering all kinds of products, tax-free shopping increased by 26 percent in the European Union during the first nine months of 2015, according to Global Blue. However, analysts are concerned about the fourth quarter of the year, which represents 30 percent of the total turnover of the luxury goods sector ...
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Yue Yuen grows by 5.8%, led by retail
The total revenues of Yue Yuen Industrial Holdings increased by 5.8 percent to $6,277.5 million in the first nine months of this year, but they were lifted by a 19.6 percent rise to $1,741.6 million in the retail sales of Pou Sheng, the Chinese retail subsidiary of the group.In the ...
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Alpargatas sells Rainha and Topper
Alpargatas announced the sale of the Rainha and Topper brands of sports shoes in Brazil as well as a 20 percent stake in Topper Argentina, the parent company of Topper. The buyer of these assets is the Sforza group, which is owned by Carlos Wizard Martins, a Brazilian entrepreneur who ...
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Yoox Net-a-Porter announces it will close Shoescribe while earnings surge
Yoox Net-a-Porter Group has announced it is planning to close its multi-brand websites, Shoescribe.com and Thecorner.com, as it discovered an overlap of customers and brands between these two sites and its other multi-brand online stores, including Yoox, Net-a-Porter and The Outnet. By the end of the spring/summer 2016 season the ...
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Belle performs better with sport than casual
While noting a significant improvement in the overall sporting goods market in China since the beginning of 2014, thanks especially to higher levels of sports participation, Belle International has reported increases of nearly 4 percent in sales as well as operating and net earnings for the first half of this ...
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Birkenstock stops taking orders
Birkenstock has become a victim of its own success. After growing by about 60 percent in the last 18 months, the German company sent out a message to all its retail customers and distributors on Oct. 30, informing them that it was forced to stop taking orders for any of ...
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Bogs continues to drive Weyco Group
Weyco Group posted 4 percent higher sales of $87.4 million in the third quarter, with diverse trends among its various brands and banners. Operating earnings rose by one percent to $9.0 million and net income was flat at $5,526,000 for the period.The company's retail sales in North America fell by ...
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Booming Zalando reports lower margins
Booking sales of €713.1 million in the third quarter, Zalando's sales growth accelerated to a 42.2 percent clip during the period, pushing up the revenues for the first nine months of the year to almost the same level as in all of 2014. The management attributed the performance to the ...
