All Article articles – Page 89
-
ArticleDeckers’ sales growth gains momentum in Q4
Deckers Brands’ sales growth gained momentum in the fiscal fourth quarter, led by the continued global expansion of Hoka One One and a strong showing at its core Ugg brand. Sales in the three months ended March 31 increased by 49.7 percent to $561.2 million and were up by 47.9 ...
-
ArticleBlockchain technology: hype or helpful?
Blockchain technology (BT) is generally associated with cryptocurrencies, but it is rapidly being adopted in other sectors to streamline bureaucracy and foster transparency. In February 2019, the Italian industry ministry announced plans to set up, jointly with the computer giant IBM, a national scheme using BT to guarantee the traceability ...
-
ArticleChaussea obtains conditional clearance to buy La Halle stores
The French competition authority has approved the purchase of 128 La Halle stores by the footwear retailer Chaussea on the condition that it sells four points of sale to guarantee consumer choice in four catchment areas. The antitrust body, called Autorité de la Concurrence, noted that Chaussea operates stores selling ...
-
ArticleA Dutch start-up offers support for product recalls in Europe
RecallDesk, a new company based in the Netherlands, claims to be the first specialized service provider in Europe that can help suppliers and importers in the consumer goods sector prevent or manage product recalls. Rutger Oldenhuis, the 46-year-old lawyer who runs the company, has gathered experience in this area as ...
-
ArticleShoe Zone trims its store network as losses widen in H1
The British footwear retailer Shoe Zone reported wider first-half losses as Covid-19-related closures led to a sharp fall in revenues. The company reported pre-tax losses of £2.6 million (€3.0m-$3.7m) for the six months to April 3, up from a £2.5 million loss a year ago. Revenues fell by 41 percent ...
-
ArticleBrazilian footwear exports up by 76% in volume in April
In April, Brazilian footwear exports exports rose by 76.0 percent year-on-year in volume to 8.5 million pairs and by 115.0 percent in value to $65 million, according to the Brazilian footwear association Abicalçados. In April 2020, exports were affected by the outbreak of the Covid-19 pandemic in several key markets. ...
-
ArticleSchuhplus expands retail network in Germany
Schuhplus, the German mail-order retail specialist for extra-large men’s and women’s shoes, is expanding its retail network with six new store openings across the country. After the recent announcement of a 125-square-meter store in Leipzig’s main railway station, the retailer prepares to open new locations in Dresden, Munich, Nuremberg, ...
-
ArticleFarfetch's GMV rises by 49.9% in Q1
The online fashion retailer Farfetch posted a 49.9 percent year-on-year increase in gross merchandise value (GMV) in the first quarter to $915.6 million, driven by a 59.6 percent surge to $790.0 million in GMV generated on the company’s digital platform. GMV stemming from the brand platform grew to $112.3 million ...
-
Article
Hengst Footwear names Roelof de Leeuw as CEO
On May 1, Roelof de Leeuw became the new CEO of Hengst Footwear, a 120-year old Dutch company owned by the Hengst family. “In its 120 year history, the Hengst family have always been at the helm of the company. In the new structure, the family, especially Hans and Karen ...
-
ArticleFerragamo’s operating margins improve sharply in Q1
In the first quarter, Salvatore Ferragamo saw revenues grow by 10.3 percent year-on-year to €244.6 million, missing market expectations by about €1 million. At constant currency rates, the top line increased by 13.0 percent driven by China, which rebounded strongly after bearing the brunt of the Covid-19 outbreak in the ...
-
ArticleAmazon doesn’t owe any taxes in Europe
Amazon EU has won an appeal to Europe’s General Court against a 2017 ruling by the European Commission that ordered it to pay €250 million in back taxes to the government of Luxembourg, which were considered as “illegal state aid.” The Commission reacted with a plea for an international agreement ...
-
ArticleYue Yuen swings to Q1 profit
Yue Yuen Industrial posted a net profit of $85.4 million in the first quarter, in the middle of the $80-90 million range that it predicted in April, compared with a loss of $56.3 million the year earlier. The gross margins of its manufacturing business and its Chinese retail subsidiary, Pou ...
-
ArticleC-Suite interview: Nice Footwear limits FY sales decline at 15%
The Italian company Nice Footwear has limited at around 15 percent the decline in sales in the full year ended on April 30, 2021, referred to as fiscal 2020, thanks to a recovery in the second part of the fiscal year. In the full year to April 30, 2020, or ...
-
ArticleGeox sees ‘almost double-digit’ H1 sales growth after Q1 decline
Geox expects to see “almost double-digit” growth in sales in the first half, as progressive store openings and a positive comparison effect in the second quarter are seen more than offsetting the decline in first-quarter sales. In the first quarter, continued store closures due to Covid-19 restrictions, a rationalization in ...
-
ArticleAmazon steps up counterfeit crackdown, blocks 10bn suspected listings
As e-commerce got a further boost from the pandemic and months-long lockdowns in several countries, Amazon has stepped up its brand protection strategy in a bid to uphold its reputation as a dependable online marketplace amid growing numbers of counterfeiters and scammers attempting to sell products to home-bound consumers. The ...
-
ArticleCoats and Cocona improve the biodegradability of textiles
Two relevant textile supply companies just announced new technologies to enhance and speed up the biodegradability of textiles in the landfill. British industrial thread company Coats has developed a biodegradable thread, EcoRegen, to support its customers’ sustainability agendas. The new sewing thread is made from 100 percent Lyocell, a renewable ...
-
ArticleWolverine raises guidance after strong first quarter
Wolverine Worldwide raised its guidance for the full financial year due to better-than-expected e-commerce growth in the first quarter and optimism over Covid-19 vaccine roll-outs. The group’s revenues in the three months to April 3 rose by 16.3 percent to $510.7 million, just about missing estimates of $511.8 million. The ...
-
ArticleStores remain closed in Germany, will reopen in France
So-called “non-essential” physical retail operations are re-opening in all the major European countries except in Germany. They are set to open again in France on May 19. They have been rising sharply in England and Wales since they were allowed to open again on April 12, partly hampered by bumpy ...
-
ArticleAlibaba posts quarterly loss due to anti-trust fine
Alibaba reported an attributable net loss of 5.5 billion yuan renminbi (€710m-$836m) for the fourth quarter ended March 31, primarily due to a RMB 18.2 billion (€2.3bn-$2.8bn) anti-trust fine imposed by Chinese anti-trust regulators which charged the company of abusing its dominant market position. The fine represented about 4 percent ...
-
ArticleTod’s Q1 sales rise on Roger Vivier, China exploit
Tod’s sales increased by 17.0 percent year-over-year to €178.7 million in the first quarter, underpinned by triple-digit growth in Greater China sales and the strong performance of its Roger Vivier brand. At constant currency rates, sales were up by 18.8 percent although they were still 16.3 percent lower than the ...
