All Article articles – Page 183
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Good growth for some of VF’s brands
Double-digit sales expansion for the outdoor and action sports brands owned by VF Corporation supported the company's 8 percent sales rise for the third quarter in constant currencies. They contributed sales of $2,296.5 million, which was an increase of 5 percent in dollars and 13 percent in constant currencies. Their ...
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Rocky Brands posts lower sales and profits
Rocky Brands announced third-quarter sales of $70.0 million, down by 3.7 percent from the third quarter of 2014. While wholesale revenues decreased by 12.0 percent to $54.7 million, retail sales rose by 8.4 percent to $10.3 million. The net income fell by 42 percent to $1,803,667, due to the lower ...
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Deckers hires Stefano Caroti for omni-channel
Stefano Caroti is a seasoned sporting goods industry executive who spent 23 years at Nike and six at Puma, where he served most recently as chief commercial officer. In his previous career at Nike, he ran the company's Italian and German subsidiaries before taking care of footwear and then retail ...
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Ferragamo is cautious
Salvatore Ferragamo saw its revenues rise by 6.7 percent to €1,021 million in the first nine months of 2015, but they would have been much higher without a currency hedging loss of €43.6 million for the period, which compares with a €15.0 million hedging gain in the corresponding period of ...
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Macintosh sells its U.K. shoe retail chains
Macintosh Retail Group has sold its two British shoe retail chains, Brantano UK and Jones Bootmaker, as well as its chain of 110 home decoration stores in the Netherlands and Belgium, Kwantum. The sale of these assets comes after the disposal back in April by Macintosh of Nea International, a ...
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Dune continues to expand internationally
The Dune Group raised its sales by 7.2 percent to £149 million (€212.3m-$226.5m) for the 52 weeks ended Jan. 31, according to public documents. Out of this turnover, only £6.5 million (€9.3m-$9.9m) came from its stores outside the U.K., but the shoe retailer continues to expand briskly abroad.Encouraged by positive ...
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Vulcabras continues to improve
The Brazilian company's net revenues increased by 4.4 percent to 357.2 million reais (€88.3m-$94.1m) in the third quarter ended Sept. 30, but the gross margin improved by 1.8 percentage points to 28.6 percent and the company's operating profit before amortization (Ebitda) grew by 36.6 percent to R$73.2 million (€18.1m-$19.3m), indicating ...
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Lower results for Crocs
Crocs reported a net loss of $27.8 million for the third quarter, compared with net earnings of $12.0 million in the year-ago period. The loss came after non-recurring and special charges of $8.6 million in the latest period, compared with charges of $17.4 million a year earlier.Revenues declined by 9.4 ...
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Grendene's margins go up, due to currencies
Grendene managed to report a 21.1 percent increase in net income to 357.1 million Brazilian reais (€86.2m-$92.8m) for the third quarter in spite of declines in the number of shoes sold of 15.1 percent in its domestic market and 17.5 percent abroad. For the parent company of Ipanema, Melissa, Rider ...
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Kering slows down
We have already reported the recent slowdown in LVMH's fashion and leathergoods segment. After its announcement of an organic sales increase of only 3 percent for this segment in the latest quarter, with flat sales to Chinese customers, a report in the Financial Times indicated that the group had closed ...
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Steve Madden posts higher sales and earnings
Steve Madden posted a 5.5 percent sales increase in the third quarter compared with the same period of 2014. Sales reached $413.5 million, mostly driven by the ongoing positive performance of the retail segment. Net income was $42.9 million, up from $39.2 million in the prior year's third quarter, with ...
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Skechers’ expansion goes on
A sales jump of 52.9 percent in wholesale revenues outside the U.S. contributed to another record turnover for Skechers USA in the third quarter. The company chalked up sales of $856.2 million for the quarter, an increase of 27.0 percent. The international sales hike was achieved despite the impact of ...
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The right figures for Superga
The figures given for Superga in the International Fashion Casual Footwear Chart published the last issue of Shoe Intelligence were incorrect. The brand's wholesale-equivalent sales grew by 51 percent worldwide to €94.3 million in 2014, or $125 million, including $10.5 million in the U.S. This means that the Italian brand ...
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Phoenix Footwear reports lower sales
Phoenix Footwear, the parent of Trotters and SoftWalk, reported an 8.4 percent sales decline in the third quarter ended Oct. 3, with revenues down to $5.82 million. The decline was associated with a reduction of sales of Trotters branded products as the company reduced its presence in a large national ...
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Luxury goods sales growth slows
Global sales of personal luxury goods are set to reach €253 billion by the end of the year, which would mean a 1-2 percent increase as compared to 3 percent growth in 2014 in constant currency terms, according to a recent study by Bain & Co in collaboration with Altagamma. ...
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Vivarte is improving
The parent company of André, Minelli, San Marina and other French shoe and apparel retail chains is apparently doing better since the appointment of an experienced “company doctor,” Richard Simonin, as chief executive a year ago. According to reports in the French press that have been confirmed by a spokeman ...
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Tod’s is optimistic
The Tod's group reported a 6.2 percent increase in sales to €786.9 million for the first nine months of 2015, but on a currency-neutral basis the increase narrowed to 0.6 percent. In the third quarter, the growth rate slowed down to 3.1 percent at current currency rates due to weakness ...
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Wolverine works on product pricing
To protect its international business from the strong increase in the value of the dollar, Wolverine Worldwide selectively adjusted the prices of some products upwards outside the U.S. earlier this year, recognizing that this could put pressure on sales. As company officials feel that the strength of the dollar will ...
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Snipes plans 40 new openings
Snipes, a subsidiary of Deichmann, is pursuing its expansion plan, reportedly aiming to open 40 new shops by the end of the year. The footwear retailer opened 19 shops in 2013, then 30 in 2014. Snipes operates mostly in Germany, where it is headquartered, but is also present abroad. In ...
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Havaianas adds eyewear and rain boots
The Safilo Group has announced an interesting new global eyewear licensing agreement with the Brazilian Alpargatas group for its well-known Havaianas brand of rubber sandals. It will run until 2021, with an option for renewal by mutual consent. The first collection will be sold in the second half of 2016.Pointing ...
