Allbirds' Q3 sales rise 33% but loss nearly doubles
Reporting its first quarterly results as a public company, Allbirds said its revenues grew by 33 percent to $62.7 million in the three months ended Sept. 30, as compared to the same period a year ago, driven by a 42 percent increase in the U.S. to $47.7 million. Sales in ...
Shoe Carnival to resume increasing store network in 2022
With the release of its best quarterly results in its 43-year history, Shoe Carnival announced plans to accelerate the refurbishing of its stores and to resume increasing the network from 2022.
Farfetch’s Q3, outlook disappoint
Farfetch posted results below expectations in the third quarter and cut its full-year guidance prompting its share price to fall by nearly 14 percent on the day.
Caleres raises earnings outlook as Famous Footwear shows ‘exceptional upward momentum’
Caleres raised its earnings guidance for its full financial year, after reporting a record bottom line in the third quarter ended Oct. 30 as the Famous Footwear retail chain saw “continued, exceptional upward momentum” and recovery at the Brand Portfolio business progressed despite headwinds from higher freight costs.
Alibaba cuts 2022 guidance after Q2 earning, revenue miss
Alibaba cut its guidance for the full year after revenues and earnings in its second quarter ended Sept. 30 came in below expectations amid a slowdown in economic growth in China and an ongoing regulatory crackdown on tech companies in the country.
Kurt Geiger extends financing facilities to 2024
On June 10, Kurt Geiger extended the terms of its bank loan, capital investment and revolving facilities to Feb. 19, 2024, according to the company’s financial statements filed with the British registrar of companies, Companies House.
Manolo Blahnik launches virtual museum
Half a century after opening his first boutique in Old Church Street, in Chelsea, London, Spanish footwear designer Manolo Blahnik is making the concepts behind his legendary stilettos, sandals, moccasins and boots available to anyone, anywhere, via his brand-new, technologically state-of-the-art virtual museum, which launches on Nov. 18, 2021.
Yue Yuen’s growth stopped in Q3
Yue Yuen reported a 3.2 percent increase in revenues from footwear manufacturing for the first nine months of 2021 on roughly flat deliveries of 179.0 million pairs. Revenues went up to $3,301 million because of an increase in the average price of 3.1 percent to $18.43 per pair, thanks to ...
Stuart Weitzman improves profitability in Q1
Stuart Weitzman, the footwear brand of the U.S. fashion group Tapestry, enjoyed an improved operating margin in the first quarter ended Oct. 2, boosting its confidence of returning to profitability in the current fiscal year.
Geox starts Q4 with 50% rise in like-for-like DOS sales, prepares new business plan
Geox has posted an increase in like-for-like sales at directly-operated stores (DOS) of about 50 percent so far in the fourth quarter, bringing them 3 percent above the comparable period in 2019 at week 44 in its fiscal year and continuing with a recovery underway in this channel since the ...