All Article articles – Page 30
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ArticleGeox sees 2024 sales decline after wholesale sales suffer in Q1
Geox now expects sales to fall by a mid-single-digit percentage this year, after revenues in the first quarter tumbled by a reported 13.5 percent to €193.6 million led by a steep decline in wholesale sales. At constant currency rates, sales were down by 11.7 percent. Geox, which had previously forecast ...
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ArticleAlpargatas maps out new business strategy, turns Q1 profit
Alpargatas spent much of the first quarter working on cash generation, capitalizing on efficiencies, and simplifying its business. The effort, largely focused on its home market, included better alignment between sell-in and sell-out levels and cash generation of $260 million Brazilian reais (€46.7m) versus cash consumption of R$271 million a ...
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ArticleFootwear drags Tod’s’ sales lower
Tod’s‘ sales in the first quarter of 2024 fell by 6.7 percent year-over-year to €252.3 million due to the weakness of the Chinese market. At constant currency rates, the top line declined by 4.7 percent. Shoes were the weakest product category with quarterly sales down by 8.3 percent, or by ...
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ArticleBoot Barn sees sales growth in new fiscal year as store openings continue
Boot Barn expects to resume sales growth in fiscal year 2025, after closing off the fourth quarter of fiscal 2024 with a nearly 9 percent decline in revenues, as new store openings are seen more than offsetting a continued projected decline in same-store sales. With the opening of a planned ...
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ArticleZalando reshuffles its top management
Zalando has reorganized its top management as part of its efforts to enact its so-called “ecosystem strategy” to expand its business-to-business (B2B) and business-to-consumer (B2C) activities in order to cover 15 percent of the European fashion market The German online fashion retailer is promoting its chief operating officer (COO), David ...
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Articles.Oliver ends footwear licensing partnership with Wortmann
The footwear brand s.Oliver prepares to venture on its own path as its owner, the German fashion company s.Oliver Bernd Freier GmbH & Co. KG, plans to end its licensing partnership with the Detmold Wortmann Group on Dec. 31, 2025 after more than 20 years, in a bid to “realign ...
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ArticleYue Yuen’s profits double in Q1
Profit attributable to owners of the Chinese group Yue Yuen increased by 97 percent year-over-year to $100.0 million for the first quarter ended March 31 from $50.8 million a year earlier. Ebit rose by 82 percent to $145.1 million from $79.7 million despite a 4.9 percent decline in total revenues ...
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ArticleCrocs extends its shoe takeback program to whole of continental US
Crocs has extended its “Old Crocs. New Life” shoe takeback program to the whole of continental US. All Crocs retail and outlet locations in the country, excluding Hawaii and Puerto Rico, are now equipped with designated collection boxes to drop off Crocs shoes in any condition. Anyone with used Crocs ...
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ArticleArezzo sales jump 23% in Q1, looks to bolster U.S. business
Arezzo & Co reported sales of 1,286 million reais (€231.8m) in the first quarter of 2023 rising by 23.4 percent compared with the year earlier and coming on top of the roughly 64 percent growth in the top line seen in the first quarter of 2022. The sellout in the ...
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ArticleHow Gerli is relaunching Camel Active
After HC Footwear, a unit of Hamm Market Solutions which held the Camel Active license for footwear and handbags, filed for bankruptcy in May 2022, the license was taken over for seven years by the German footwear company Schuh-Import und Export Gerli in November of the same year. “The previous ...
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ArticleAllbirds confirms FY guidance as Q1 sales plummet
In the first quarter of 2024, Allbirds’ net revenues decreased by 27.6 percent to $39.3 million primarily due to lower overall demand, as well as the impact of the transition to distribution models in some foreign markets and store closures in the US. The company has completed the transition to ...
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ArticleArezzo’s sales lifted driven by e-commerce and own stores
Arezzo & Co posted gross revenues of 1,358 million Brazilian reais (€244.2m) in the first quarter of 2024, up by 5.6 percent compared to the year earlier driven by e-commerce and own stores. The number of shoes sold rose by 1.3 percent year-on-year to 4.653 million pairs the three-month period, ...
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ArticleFerragamo’s Q1 sales decline sharply
Salvatore Ferragamo’s first-quarter revenues fell by 18.3 percent to €227 million, with sharp declines in all regions and missing market expectations by about €3 million. At constant exchange rates, the drop was limited at 16.6 percent. Net sales, which exclude certain revenues such as licenses, dropped by 19.2 percent as ...
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ArticleWolverine starts to see the signs of a turnaround
In a self-proclaimed “transition year,” Wolverine Worldwide is beginning to witness ”proof points” of its efforts to turn around its business. These developments in the first quarter, when the company exceeded Wall Street’s revenue expectations, included higher gross margins, less promotion in the direct-to-consumer channel, a sharply lower inventory level, ...
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ArticleStuart Weitzman books lower sales and a loss in Q3
Stuart Weitzman, the premium footwear brand of the US fashion group Tapestry, posted sales of $56.1 million in the fiscal third quarter ended March 30, down by 18 percent year-on-year on a reported basis and by 17 percent at constant currency rates. During the quarter, the brand posted an operating ...
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ArticleWeyco posts weaker sales but expects an improvement in H2
Weyco’s net sales in the first quarter of 2024 dropped by 17 percent year-on-year to $71.6 million, driven by the Bogs brand in the North American wholesale channel. “Although we expect sales to remain soft through the second quarter, we are optimistic that demand will improve in the back half ...
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ArticleBoohoo losses widen as Shein, weak demand hit revenues globally
Boohoo, the British online fashion retailer which is facing competition from rival Shein, weak demand and high return rates, reported wider annual losses after revenues fell by 17 percent. Boohoo posted a loss before tax of £160 million (€186.6m), compared with a £90.7 million loss a year earlier. Adjusted Ebitda ...
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ArticleCentral Asia and Caucasus expand footwear exports to Russia
In 2023, Russia saw a hike in footwear imports from Armenia, Kazakhstan and Kirgizstan, all members of the Russian-led Eurasia Economic Union trade block. But, the increase is primarily attributed to re-exports of footwear from Europe. Armenia exported shoes worth $33 million in 2023, which was 11 times higher than ...
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ArticleCrocs maintains its sales guidance and names a new CFO
Crocs Inc. maintained its guidance for the full year of 3 to 5 percent sales growth, despite downgrading its expectations for Heydude, as the Crocs brand instead is seen outpacing previous expectations after a strong first-quarter showing. The outlook was released along first-quarter results that showed revenues at the enterprise ...
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ArticleFitFlop picks Ryder as its logistics provider in North America
FitFlop has picked Ryder as its supply chain and logistics provider to support its grow in the US and Canada. The British brand’s American logistics operations are located within Ryder’s newly built 700,000-square-foot multiclient warehouse facility in Columbus, Ohio. The company also provides FitFlop with e-commerce and omnichannel fulfillment services ...
