All Financial results articles

  • Caleres

    Lower sales for Caleres, but results top expectations


    Caleres recovered in the third fiscal quarter compared with the previous quarter but sales continued to decline sharply year-on-year. The company warned that fourth-quarter sales could be some 20 percent lower than the previous year. In the three months ended on Oct. 31, revenues were $647.5 million, down ...

  • Vulcabras

    Vulcabras’ women’s shoe sales drop as the company focuses on sports


    After production restrictions in the spring and early summer due to the pandemic, Vulcabras resumed full operations at its factories in July, capitalizing on a robust order backlog. It managed to lift overall sales in the third quarter, but sales of women’s shoes were lower as the company prepares ...

  • Farfetch

    Farfetch benefits from shift to buying luxury goods online


    Luxury e-tailer Farfetch reported a sharp rise in third-quarter sales as it benefits from the growing trend of buying high-end products online. Revenues for the three months to Sept. 30 soared by 71 percent to $438 million, while gross merchandise value (GMV) increased 62 percent to $798 million. ...

  • Aeffe
    News briefs

    Aeffe Q3 sales lifted by delayed shipments


    In the first nine months of 2020, Aeffe , the Italian fashion house that owns Pollini and other brands, suffered in its footwear and leathergoods division a decline in sales of 15.4 percent, both on a reported basis and in constant currencies, to €81.9 million because of the Covid-19 ...

  • Tod's 2

    Tod’s enjoys recovery in Asia


    Tod’s is seeing signs of recovery in Japan and South Korea on top of the strong growth already enjoyed in China. But the company warned that to meet market expectations, it would need some “respite” in store closures in the fourth quarter. Financial analysts anticipate full-year sales of €647 million. ...

  • Yue Yuen 3

    Losses continue for Yue Yuen


    Despite China’s resilience against the pandemic in the third quarter, Yue Yuen Industrial Holdings remained in the red, following two quarters of losses. The company was strongly impacted by government measures to contain the spread of the disease at the start of the year, and although the Pou Sheng ...

  • News briefs

    Mizuno plans lifestyle footwear for Europe


    The Japanese sports equipment and sportswear company Mizuno is planning to develop non-sports products like lifestyle footwear for the European market. In the first half of its fiscal year ending on March 31, 2021, Mizuno’s overall revenues declined by 22.5 percent from the year-ago period to 66.2 billion ...

  • Geox breathes

    Geox suffers accelerated sales decline amid new lockdowns


    Geox has suffered a 30.0 percent decline in like-for-like sales in the fourth quarter to date - bringing the like-for-like sales decline in the year so far to 32.0 percent - amid new temporary store closures due to a second wave of the Covid-19 pandemic in its main markets. ...

  • Salvatore Ferragamo

    Ferragamo books strong sales growth in China


    Salvatore Ferragamo enjoyed very strong growth in China during the third quarter and in October. At constant-currency rates, retail sales in the Asian country surged by 38.3 percent year-on-year during the quarter and further accelerated in October. The Italian fashion company also posted “solid” retail sales growth in South ...

  • News briefs

    Alibaba grows by 30% in Q3


    Confirming a recovery from the first wave of the Covid-19 pandemic in China, the Alibaba Group reported a 30 percent increase in overall revenues to 155.1 billion yuan renminbi (€19.9bn-$23.5bn) in the third quarter, leading to a rise of 28 percent in adjusted Ebitda to RMB 47.5 billion ($6.1bn-$7.2bn). ...

  • Wolverine logo again

    Better-than-expected Q3 results for Wolverine


    Although they were down on last year’s third quarter, Wolverine Worldwide posted better-than-expected sales in the three months to Sept.26, led by double-digit growth from Saucony and Chaco. The impact of coronavirus-related restrictive measures on retail was partly offset by a growth of 56.4 percent in the ...

  • Jimmy Choo logo

    Jimmy Choo sees opportunity to hike prices, expand casual footwear range


    Jimmy Choo has reached breakeven in the second quarter and sees the opportunity to significantly increase its prices and to expand its casual footwear assortment.

  • Bogs boot 2

    Bogs steps up as Covid lockdowns hit Q3 sales at Florsheim


    U.S. shoemaker Weyco swung to a third-quarter loss as lower casual and formalwear sales offset a strong performance from the Bogs North American outdoor wholesale unit. The company, which also owns the Florsheim , Stacy Adams and Nunn Bush brands, reported a net loss of ...

  • Zalando

    Zalando Q3 sales volumes up by 29.9%


    In the third quarter, Zalando ’s gross merchandise volume (GMV) grew by 29.9 percent to €2.5 billion while revenues advanced by 21.6 percent to €1.8 billion. The German e-tailer continued to benefit from accelerated consumer shift towards digital purchases and the “strong performance “of its Partner Program and Lounge services. ...

  • amazon-logo

    Amazon Q3 sales up 37%, net profit triples


    Amazon ’s third-quarter sales grew by 37 percent to $96.1 billion. They were boosted by booming online transactions during the coronavirus crisis worldwide, which prevented or discouraged shoppers from purchasing in physical stores. Excluding a $691 million favorable impact from year-over-year changes in foreign exchange rates during the quarter, sales ...

  • Grendene

    ​Grendene recovers sharply in Q3 driven by domestic market


    Grendene posted the best third quarter in its history in terms of gross revenues, and the third best in volumes, as the company recovered, thanks to domestic demand, from a dismal second-quarter performance, caused by the Covid-19 pandemic. The Brazilian footwear manufacturer posted a 9.5 percent increase in ...

  • Liu Jo logo
    News briefs

    Liu Jo footwear unit sees 2020 sales up 30%


    Eli , the company that manages the footwear of the Italian apparel brand Liu Jo , expects to close 2020 with sales of €44 million, up more than 30 percent from 2019, according to . The company, which opened a new showroom in Milan in September, benefited from ...

  • Stuart Weitzman

    Stuart Weitzman’s sales improve from the previous quarter


    In the fiscal first quarter ended on Sept. 26, Stuart Weitzman posted net sales of $56 million, down by 35 percent from $87 million in the same period of the prior year. Nevertheless, sales exceeded the company’s expectations and marked a sharp improvement from the previous quarter, when they ...

  • steve madden logo

    ​Steve Madden to boost private label business, cut Chinese production


    Steve Madden expects that its private label business with Walmart and Target will increase notably next year as the mass retailers have shown strong resilience and benefited from the market disruption caused by the Covid-19 pandemic. Last year, Walmart and Target represented nearly a third of the ...

  • Skechers

    Sequential quarterly improvements for Skechers


    While Skechers ’ third-quarter sales decreased by 3.9 percent year-on-year and net earnings dropped by 37.6 percent to $64.3 million, it was a significant improvement from the second quarter, when sales where 78.3 percent lower and the company ended with a net loss of $68.1 million. The pandemic ...