All Financial results articles – Page 55
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ArticleCrocs’ profits soar on record sales
Crocs is still enjoying a strong momentum as its fourth-quarter revenues jumped by 56.5 percent from the year-ago quarter to a record level of $411.5 million. In constant currencies, they gained 56.1 percent.The number of pairs sold during the quarter grew by 38 percent to 18.9 million, and their average ...
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News briefsHermès’ leathergoods sales up by 18% in Q4
The revenues of the French luxury goods group Hermès totaled €6,389 million in 2020, a decrease of 6 percent at constant exchange rates and 7 percent at current rates. Revenues returned to growth in the second half after being hit by the Covid-19 pandemic, with an acceleration in the fourth ...
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News briefsPittards’ sales recover in H2
Pittards, the British leather and leathergoods manufacturer, which owns the brand Daines & Hathaway, posted sales of £15.2 million (€17.6m-$21.3m) in 2020, down from £22.3 million (€25.8m-$31.2m) in 2019 due to the impact of the Covid-19 pandemic. But in the second half, revenues stood at £8.6 million (€9.9m-$12.0m), up about ...
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ArticleShoe Zone’s finance director quits unexpectedly
Shoe Zone’s finance director, Peter Foot, has left the business with immediate effect after only seven months in the job and two weeks before the publication of the company’s annual results. He had joined the company on July 6, 2020. The board has started the search for a replacement. Foot’s ...
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News briefsKering dragged down by Gucci
Revenues of the French luxury goods group Kering amounted to €13,100 million in 2020, down by 17.5 percent year-on-year on a reported basis and by 16.4 percent on comparable structure and exchange rates due to the impact of the Covid-19 pandemic. The decline was driven by the group’s key Gucci ...
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ArticleCCC achieved over half its Q4 sales online
The Polish footwear company CCC posted sales of 2 billion Zloty (€446.0m-$541.3m), largely unchanged from the previous year, in the fourth quarter, which covered four months including January. Sales were affected by Covid-19 lockdowns, but e-commerce grew by 84 percent year-on-year and generated 55 percent of quarterly sales. In January ...
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ArticleClarks was loss-making before the pandemic
The British footwear company Clarks was loss-making before the pandemic broke out last year, according to documents filed with the British registrar of companies, Companies House. In the full year ended Feb. 1, 2020, Clarks posted an 8 percent decline in sales to £725.3 million (€827.9m-$1.0bn) as it sold fewer ...
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ArticleObuv Rossii’s revenue shrank in 2020
The Russian footwear retailer Obuv Rossii reported that its revenues for 2020 decreased by 20.9 percent to10.845 billion rubles (€121m-$147m) from 13.702 billion rubles (€153m-$186m) in the previous year due to the impact of the Covid-19 pandemic. Anton Titov, chairman of the Obuv Rossii Group, stated that 2020 was one ...
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News briefs
Kurt Geiger was growing mildly before the pandemic
Kurt Geiger enjoyed a 3.7 percent increase in revenues to £347 million (€304.6m-$480.2m) in the financial year ending Feb. 1, 2020, the month before the Covid-19 pandemic broke out in the U.K., according to documents filed with the British registrar of companies, Companies House. Comparable sales growth come in at ...
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ArticleRecord sales for Deckers Brands
Deckers Brands’ sales surged in the third financial quarter ended Dec. 31, 2020, boosted by demand for Ugg and the continued global expansion of Hoka One One. Despite headwinds from Covid-19, the group’s sales progressed by 14.8 percent from the same period last year to a record $1,078 million, with ...
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ArticleStuart Weitzman cuts expenses as sales fall
In the fiscal second quarter ended on Dec. 26, Stuart Weitzman managed to lift its operating profit despite a decline in revenues thanks to aggressive cost savings. The brand, which is owned by the American group Tapestry, posted net sales of $85 million, down by 27 percent from $116 ...
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ArticleSkechers’ Q4 underpinned by e-commerce
Skechers’ sales in the fourth quarter decreased by 0.5 percent year-on-year to $1,324 million. Results were underpinned by a 143 percent surge in U.S. digital sales, after the group rolled out a ”Buy online pickup in store” (BOPIS) service in time for the holiday season. Net income fell by 10 ...
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News briefsShoe Carnival's Q4 comparable sales up by 6.4%
Shoe Carnival saw its net sales increase to $253.9 million in the fourth quarter ended Jan. 30 from $239.9 million a year earlier. Comparable store sales rose by 6.4 percent year-over-year during the quarter, on top of a 3.2 percent increase in the fourth quarter of fiscal 2019. The American ...
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ArticleANWR Group posts growth in 2020 but footwear business hit
Despite the challenging market conditions, ANWR Group expanded its business volume to €17.8 billion last year, up by 22 percent from the previous year. However, the coronavirus-related drop in orders hit the footwear and leathergoods businesses of the German cooperative. The group’s shoe business suffered a 20 percent fall in ...
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ArticleFootway’s new online platform has teething problems
Last April’s acquisition of Sportamore and its growing internationalization enabled Footway to expand the number of visitors and customers on its numerous websites across Europe, but reduced its profitability last year. With the inclusion of Sportamore for the last two months of 2020, the Swedish online shoe retailer reported a ...
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ArticleJimmy Choo’s Q3 sales decline by 26.7%
Jimmy Choo posted a 26.7 percent year-on-year decline in sales to $121 million in the third quarter ended on Dec. 26 as the luxury shoe brand continues to feel the impact of the Covid-19 pandemic. On a constant currency basis, revenues decreased by 27.3 percent. The shoe maker posted an ...
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ArticleGeox to close 110 stores over 3 years
Geox plans to close about 110 small and less profitable stores over the next three years following net closures of 107 during 2020. The shops will be closed as leases expire in order to avoid paying penalties. The pruning is expected to reduce the company’s annual sales by €65-70 million ...
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ArticleGabor sees return to growth in 2022
The German shoe manufacturer Gabor took a hit from the coronavirus pandemic and the resulting lockdowns as canceled reorders, payment defaults and short-time work at factories sent sales plummeting in 2020. It expects this year to be challenging and to return to growth in 2022. The Rosenheim-based company reported sales ...
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ArticleFerragamo’s Q4 sales slowdown reignites concern
In the fourth quarter, Salvatore Ferragamo’s sales slowed down compared to the third quarter despite a 61.1 percent year-over-year surge in online sales and double-digit growth rates in the retail business in China and Taiwan. The weakness of the top line reignited concern about the brand’s capacity to compete against ...
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News briefsAeffe sees signs of recovery
In 2020, the footwear and leathergoods division of Aeffe, the Italian fashion house that owns Pollini and other brands, posted a decline in sales of 16.2 percent, both on a reported basis and in constant currencies, to €107.4 million because of the Covid-19 pandemic. For the group as a whole, ...
