Latest Headlines – Page 120
-
Article
Capri buys an Italian shoemaker
Capri Holdings, the expanding U.S. fashion group previously known as Michal Kors, said that it has signed a definitive agreement to buy an Itailan shoe manufacturer, Alberto Gozzi. Capri said that, in the immediate future, Gozzi will develop and manufacture shoes for its Jimmy Choo and Versace brands, starting immediately. ...
-
Article
Clarks lays off 170 people
C&J Clark (Clarks) has decided to part ways with about 170 members of its global staff of 10,000 employees, 80 of them at its head office in Street, Somerset. A spokesperson for the group said the move is being dictated by structural changes being introduced in its business operations to ...
-
Article
Hotter will use analytics to grow again
Through a contract with First Insight, Hotter Shoes, the largest remaining shoe manufacturer in the U.K. since 2010, is adopting new consumer-driven predictive analytics to make more accurate design, purchasing and pricing decisions on the new styles of comfort shoes that it will offer to the market.In disclosing Hotter's results ...
-
Article
Josef Seibel sells Romika to Deichmann for Europe
The Josef Seibel Group is selling the trademark rights to its Romika brand for all European countries to Deichmann. The spring/summer collection for 2020, which has already been sold and is currently in production, will still be delivered by Josef Seibel.From the autumn/winter 2020 season, Deichmann will take over the ...
-
Article
Change of ownership in Sweden’s Nilson Group?
The leading Swedish shoe retailer announced the resignation of its chairman of the board, Björn Abild, and two other board members, Anders Fors and Hans Ohlsson, after a board meeting, with effect from Dec. 11. Then, on Dec. 17, Claes Medgaard, who became chief executive of the Nilson Group in ...
-
Article
Sweden’s VRG is restructuring
The Venue Retail Group (VRG), the Swedish shoe retailing group that operates 115 stores in Sweden and Norway under the Accent, Morris and Rizzo banners, applied for insolvency proceedings and obtained it on Nov. 20. Further store closures and staff reductions are expected.VRG, which was previously called Wedins, is also ...
-
Article
Sweden’s Footway doubles its online presence abroad
The Swedish online footwear retailer has more or less doubled the number of countries that its customers can order from to 23. The new countries where the e-retailer started operating in October are Belgium, Estonia, Ireland, Italy, Latvia, Lithuania, Luxembourg, Portugal, Slovakia, Slovenia, Spain and the Czech Republic.Footway was already ...
-
Article
A permanent CEO for Viking?
The board of directors of Viking Outdoor Footwear appointed René Høgsted as the company's new chief executive. He is expected to take up his position at the Norwegian company on Jan. 1, 2020. The 46-year-old Danish executive brings a lot of experience in sales, marketing, e-commerce, branding, product and management ...
-
Article
A new kid’s group from Denmark
Two Danish children's fashion companies, Brands4Kids and the Utoft Kids Group, will merge on Jan. 1, 2020, under the name Brands4Kids. Their combination will create one of Scandinavia's largest kid's clothing companies, with a strong presence also in the footwear sector.Both businesses are doing well and growing. The merger follows ...
-
Article
Ecco expands in India and Russia
Ecco has reported on the opening of its first three mono-brand stores in India, positioning itself as a brand of premium-quality products after a careful analysis of the market. They will be managed by its joint venture in the country.The first one was inaugurated on Nov. 8 at Delhi's Gurgaon ...
-
Article
Salamander shrinks its Russian sales network
Salamander has closed two stores in St. Petersburg, which is believed to be a part of a bigger trend as street retail has been seen gradually losing its popularity in Russia. Salamander is traditionally perceived as a premium footwear retailer in Russia, selling shoes from the upper price segment.Salamander runs ...
-
Article
Obuv Rossii enters new markets via Alibaba
The big Russian footwear retailer has begun selling shoes through the Tmall marketplace operated by Aliexpress Russia, and plans to use that channel to enter new countries including Georgia, Belarus and Kazakhstan. Obuv Rossii said it has begun with a test with women's shoes under its own flagship brand, Westfalika.Obuv ...
-
Article
Record Russian online sales on Black Friday
Catching up with customers in other countries, Russian customers spent a record-breaking 22.3bn rubles (€321m-$357m) during last month's Black Friday promotion, 28 percent more than in the previous year, according to the Russian Association of Internet Trade Companies, but this estimate seems to have been far below the reality. Shoes, ...
-
Article
The Russian shoe market goes online
The overall sales on the Russian markets for shoes, clothes and accessories in 2018 remained unchanged as compared to the previous level at 2.36 trillion rubles (€34.0bn-$37.8bn), a marketing study conducted by the Russian analytical agency Fashion Research Group showed. On the other hand, online sales of these products jumped ...
-
Article
Alibaba raises $12.9 billion in Hong Kong after sales jump by 40%
In the biggest stock market listing so far this year, Alibaba Group Holding went public on the stock exchange in Hong Kong on Nov. 25 at a price only 3 percent lower than on the New York Stock Exchange, where it went public in 2014, rasing $25 billion.The flotation is ...
-
Article
The AAFA appeals to Trump on tariffs
While acknowledging problems in the trade relations between the U.S. and China, the American Apparel & Footwear Association (AAFA) stands opposed to the Trump administration's policy of imposing high tariffs on imports of footwear and other products from China. On Dec. 12, Rick Helfenbein, president and chief executive, addressed a ...
-
Article
Caleres posts strong sales but reduces profit guidance
Caleres' sales for its third quarter, ended on Nov. 2, reached $794.4 million, up by 2.1 percent from the year ago period. The group delivered its eighth consecutive year of same-store sales growth for the back-to-school period at its Famous Footwear chain, while its top brands – including Allen Edmonds, ...
-
Article
Former DSW posts weaker-than-expected results
Designer Brands, the American shoe retailing group previously called DSW, struggled in its third fiscal quarter ended on Nov. 2. Retail sales declined and same-store sales inched up by only 0.3 percent, compared with a gain of 7.3 percent for the year ago-quarter.In reported terms, net income increased by 11.0 ...
-
Article
Shoe Carnival bounced back in the third quarter
After a sluggish first half of the year, the low-priced American shoe retailer saw revenues for its third fiscal quarter increase by 2.0 percent from the year-ago quarter to $274.6 million. Comparable store sales jumped by 3.5 percent in the important back-to-school season.The company saw broad-based strength across all product ...
-
Article
Strong profits and online sales send Genesco’s shares up
Higher gross margins at each of the group's divisions helped Genesco achieve a net income gain of 31.4 percent for the third quarter to $18.9 million. However, the American shoe retailing group's total revenues were down slightly by 0.5 percent to $537.2 million. The company benefited from an improved performance ...
