All Article articles – Page 90
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ArticleVulcabras’ revenues grow but operating margins are hit by higher costs
Brazilian footwear company Vulcabras reported strong sales in the first quarter of 2021, rising for a third consecutive quarter despite the impact of the Covid-19 pandemic which led to the closure of physical retailing in the country at the beginning of March. Due to the lockdowns, a significant part of ...
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ArticleCCC enjoys strong digital and brick-and-mortar sales growth
The Polish footwear company CCC posted sales of 1,429 billion zloty (€313.9m-$381.8m) in the first quarter running from February to April, up by 85 percent from a year earlier, when business was affected by the outbreak of the Covid-19 pandemic. The top line is also nearly PLN 300 million (€65.9m-$80.2m) ...
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ArticleWeyco suffers in Q1 but sees acceleration in wholesale orders
Weyco continued to suffer from the impact of the Covid-19 pandemic in the opening months of 2021, but the company enjoyed an acceleration in wholesale orders in the latter part of the first quarter and a strong performance in Australia. Net sales in the first quarter ended March 31 fell ...
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ArticleTimberland launches first products made from Haitian community cotton
Following a joint effort between Timberland and the local Smallholder Farmers Alliance (SFA), the reintroduction of cotton farming in Haiti has created a new cotton supply chain designed to bring social and environmental benefits to Haitian farming communities. Timberland first partnered with the SFA in 2010 to plant five million ...
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ArticleZalando lifts FY guidance after sales jump by 47%
Zalando once again hiked its sales and profit forecasts for 2021 after its revenues jumped in the first quarter by 46.8 percent to €2,238 million, marking the company’s strongest growth since it went public in 2014. To keep up with the pace of expected future growth, the fashion-oriented e-retailer also ...
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ArticleStuart Weitzman significantly reduces its losses
In the fiscal third quarter ended on March 27, Stuart Weitzman managed to significantly cut its operating losses thanks to higher revenues and a reduction in expenses. The brand, which is owned by the American group Tapestry, posted net sales of $57 million for the quarter compared to $51 million ...
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ArticleRocky Brands reports higher Q1 revenues, net income
U.S.-based footwear and apparel maker Rocky Brands reported soaring first-quarter revenues and net income on the back of strong demand from its wholesale and direct-to-consumer channels. The company said revenues for the three months to March 31 rose by 57.3 percent to $87.7 million. Wholesale segment sales increased by 69.1 ...
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ArticleAlpargatas posts 33% jump in Q1 sales
Alpargatas, the parent company of Havaianas and Osklen, saw first quarter sales rise by 32.7 percent to 901.3 million Brazilian reais (€137.9m-$165.5m), posting its best first quarter in a decade as growth accelerated both domestically and abroad following the continued easing of Covid-19 lockdown measures. Gross margin in the first ...
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ArticleBoohoo cautious on post-pandemic trade after profit surge
The British fast-fashion e-tailer Boohoo reported annual profits up by more than a third but warned that revenue growth will be weaker and returns will increase in the current fiscal year as the economy returns to normal after the disruption caused by the Covid-19 pandemic. Pre-tax profit for the year ...
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ArticleTimberland to create a regenerative rubber supply chain for footwear
Timberland, along with parent company VF Corp. and sister brands Vans and The North Face, is partnering with Terra Genesis International in Thailand to build the footwear industry’s first regenerative rubber supply system. Timberland plans to pilot its first regenerative rubber footwear in 2023. The supply system will eventually be ...
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ArticleCamper, Mascaró seek EU funds for new production model
The Mallorca-based footwear company Camper and the consultancy FI Group are leading a consortium which has presented to the Spanish government an expression of interest to obtain European funds to create a new production model integrating elements of the circular economy, such as recycling materials, and targeting the development of ...
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ArticleGrendene posts strong Q1 but warns about Covid, raw material shortage
In the first quarter of 2021, when it celebrated its 50th anniversary, the Brazilian shoe maker Grendene beat its own expectations by posting gross revenues of 644.3 million reais (€98.5m-$118.4m), up by 43.0 percent year-on-year, and selling 35.4 million pairs of shoes, up by 36.2 percent. Net revenues jumped by ...
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ArticleGörtz granted €28 million federal loan to weather Covid impact
The German footwear chain Görtz received a €28 million loan from the German federal government’s Economic Stabilization Fund (WSF) to weather the impact of the coronavirus crisis. The company’s funding request was approved in April, according to the ministry of economics. The ailing Hamburg-based firm was granted the much-needed ...
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ArticleSteve Madden beats its own expectations in Q1
Steve Madden beat its own expectations in the first quarter of 2021 with revenues increasing by 0.5 percent to $361.0 million and a net income of $21.2 million, or $0.26 per diluted share, compared to net loss of $17.5 million, or $0.22 per diluted share, a year earlier. Adjusted net ...
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ArticleCrocs ups guidance after rising by over 60% in Q1
Raising its guidance for the full financial year after a very strong first quarter, Crocs predicted that its revenues will grow by between 40 and 50 percent in 2021 from last year’s level of $1,386 million, up from its previous forecast of 20-25 percent growth. Posting the third consecutive quarterly ...
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ArticleItalian footwear companies need to integrate more managerial skills
In the coming months, with the easing of lockdowns and reopening of economies, companies will be focusing on the relaunch of their businesses. But, they will also be facing a deeper organizational and structural transformation driven by digitalization, a culture of sustainable growth, an increased emphasis on a product’s narrative ...
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ArticleStella bounces back in Q1
In a business update, Stella International said revenues for the first quarter increased by 15.3 percent to $303.4 million. This is mainly due to a favorable comparison base with last year’s first quarter, when the Chinese company’s revenues were affected by store and factory closures, as well as lower demand ...
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ArticleWorld Footwear helps shoemakers to deal with Brexit
The Portuguese shoe industry association, Apiccaps, has posted a useful guide on the website of World Footwear with practical checklists for shoe exporters and importers on how to deal with the new trade agreement between the U.K. and the European Union. It also organized a few days ago an interesting ...
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ArticleVans sets sustainability targets for 2030
Vans, a leading brand of the American group VF Corp., has announced a range of sustainability goals that it intends to achieve by 2030. The brand is committing to making 100 percent of its core materials – rubber, cotton, leather, and polyester – regenerative, responsibly sourced, renewable or recycled by ...
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ArticleSkechers is boosted by international wholesale and digital
Lifted by robust international demand, Skechers’ revenues jumped by 15.0 percent in the first quarter to a record level of $1,428.4 million, as compared to a year ago. Sales outside of the U.S. soared by 20.2 percent to represent 58 percent of the total turnover. In particular, the International Wholesale ...
