Financial Results

  • Caleres
    Article

    Lower sales for Caleres, but results top expectations

    2020-11-20T17:25:00Z

    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
    Article

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

    2020-11-20T16:34:00Z

    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
    Article

    Farfetch benefits from shift to buying luxury goods online

    2020-11-16T16:26:00Z

    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. ...

  • Tod's 2
    Article

    Tod’s enjoys recovery in Asia

    2020-11-15T15:31:00Z

    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
    Article

    Losses continue for Yue Yuen

    2020-11-15T12:27:00Z

    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 ...

  • Geox breathes
    Article

    Geox suffers accelerated sales decline amid new lockdowns

    2020-11-13T17:54:00Z

    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
    Article

    Ferragamo books strong sales growth in China

    2020-11-12T16:56:00Z

    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 ...

  • Wolverine logo again
    Article

    Better-than-expected Q3 results for Wolverine

    2020-11-06T10:21:00Z

    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
    Article

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

    2020-11-06T10:04:00Z

    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
    Article

    Bogs steps up as Covid lockdowns hit Q3 sales at Florsheim

    2020-11-06T10:03:00Z

    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
    Article

    Zalando Q3 sales volumes up by 29.9%

    2020-11-04T17:40:00Z

    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
    Article

    Amazon Q3 sales up 37%, net profit triples

    2020-11-04T09:42:00Z

    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
    Article

    ​Grendene recovers sharply in Q3 driven by domestic market

    2020-11-02T05:47:00Z

    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 ...

  • Stuart Weitzman
    Article

    Stuart Weitzman’s sales improve from the previous quarter

    2020-11-01T16:51:00Z

    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
    Article

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

    2020-11-01T16:29:00Z

    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
    Article

    Sequential quarterly improvements for Skechers

    2020-10-30T14:20:00Z

    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 ...

  • PUMA_Logo_Cat
    Article

    Puma returns to profit and growth

    2020-10-29T16:29:00Z

    Puma ’s revenues for the third quarter rose by 13.3 percent in constant currencies to €1,583, leading to a 13.0 percent rise in net income to €100.5 million. This is in sharp contrast with the second quarter, when the company was hit by a 32.3 percent drop in revenues and ...

  • Shoezone
    Article

    Shoe Zone threatens to close 90 stores due to U.K. tax

    2020-10-28T18:01:00Z

    Shoe Zone could close up to 90 stores over the next couple of years if the British government goes ahead with plans to reintroduce the “antiquated business rates system” in April 2021. The British shoe retailer said that the suspension of rates in April 2020 by the government ...

  • Rocky Brands
    Article

    Rocky Brands’ Q3 profits up by 36%

    2020-10-28T17:40:00Z

    As the wholesale channel bounced back after a decline in the second quarter, Rocky Brands ’ net income rose by 36.0 percent to $7.6 million in the third quarter, on revenues that progressed by 15.8 percent from the year-ago quarter to $77.8 million. The management highlighted strong demand for ...

  • crocs
    Article

    Record Q3 revenues for Crocs

    2020-10-27T17:27:00Z

    Thanks to ”exceptional consumer demand and strong sell throughs,” Crocs saw its third-quarter revenues jump by 15.7 percent from the year-ago quarter to a record $361.7 million. In constant currencies they gained 15.9 percent. The company recorded growth in all channels and geographies. It also saw record sales ...