Latest Headlines – Page 122
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Sales decline by 4.9% at Geox
Geox faced a complex environment in the first nine months of the year. While the retail sector has undergone digitalization in response to changing consumer behavior, geopolitical tensions like Brexit have taken a toll on the company's business performance. For these reasons, and in view of the implementation of various ...
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Basicnet posts double-digit revenue growth
Basicnet, the owner of Kappa, Superga, Sebago, K-Way and other brands, posted aggregate sales of €777.6 million in the first nine months of 2019, representing a strong 22.8 percent increase at current exchange rates as compared to the same period of 2018, and an increase of 18.7 percent at constant ...
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Steve Madden’s momentum continues
Keeping up with a really good first half, Steve Madden managed again to exceed analysts' expectations on sales and earnings in the third quarter, thanks to a robust performance from the flagship Steve Madden and Blondo brands. Growth in Europe through the SM Europe joint-venture was also a highlight. The ...
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Skechers’ foreign business drives double-digit gains
Thanks to its strategy of viewing its business through a “global lens,” with many key product styles being introduced at the same time around the world, Skechers has pulled off another strong quarter.Sales for the three months ended on Sept. 30 were 15.1 percent higher than in the period year ...
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Deckers raises guidance on Hoka’s strength
Deckers Brands, the parent of Ugg and other footwear brands, saw its net income progress by 5.0 percent to $77.8 million in its second fiscal quarter, ended on Sept. 30. Revenues rose by 8.0 percent to $542.2 million, or by 9.5 percent constant currencies, driven by gains at Ugg and ...
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Vans and The North Face drive VF’s results
Despite strong earnings and robust sales, VF Corp. posted results in the latest quarter that missed Wall Street's expectations. Total sales improved by 5 percent to $3,393 million for the company's second fiscal quarter ended on Sept. 30, or by 7 percent in constant currencies. Adjusted to exclude the spin-off ...
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VF reshuffles EMEA functions
In a reshuffle of roles at VF Corporation's Swiss headquarters for Europe, the Middle East, and Africa (EMEA), the group has installed Mariano Alonso as the new managing director of Timberland for the region, effective from Nov. 1. He succeeds Timo Schmidt-Eisenhart, who will become the president of the group's ...
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Crocs posts a stellar quarter
Thanks to a strong performance in America and globally from the wholesale channel, e-commerce and comparable store sales, Crocs' revenues for the third quarter jumped by 19.8 percent to $312.8 million, or by 21.0 percent on a constant-currency basis. This came despite the negative impact of store closures, which reduced ...
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Good results for Wolverine’s main brands
Wolverine Worldwide's three biggest brands – Merrell, Sperry and Saucony – posted a combined 11.5 percent increase in constant currencies during the third quarter ended on Sept. 28. Revenues rose by only 2.8 percent to $574.3 million across the group's entire portfolio of 12 footwear brands, with growth of 3.6 ...
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Bonvita restructures
In an effort to reduce complexity and increase its focus, Bonvita has undergone some organizational changes in the past year. The Danish company is the distributor of Merrell shoes in Denmark and Wolverine boots in the Nordic countries. It also own two local brands of men's comfort shoes, Ambré and ...
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Strong gains at Alpargatas
The new owners of Alpargatas moved its head office to less expensive premises in São Paulo with a more collaborative layout during the month of August. Alpargatas also opened a new distribution center in the state of Minas Gerais that is supposed to improve the integration of the online and ...
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Grendene improves its profitability
Thanks to several cost-cutting measures – including staff reductions – the parent company of Ipanema, Grendha, Rider and Melissa returned to profit growth in the latest quarter, after several months of declining earnings. The company also benefited from a one-off tax refund of 38 million reais (€8.3m-$9.2m). However, sales continued ...
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Shoe Zone’s revenues progress
Shares in the British low-cost footwear retailer jumped by more than 8 percent after it reported a sales increase for the year ended on Oct. 5, 2019, while profits matched analysts' expectations.Revenues rose by 0.8 percent from the previous year to 161.9 million pounds (€187.5m-$207.8m), lifted by the retailer's new ...
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Putting soles in the eco game
The rise in eco-consciousness is having an effect. An increasing number of people around the world simply don't want the products they buy to end up in landfills or incinerators, and they are voting for environmental changes with their wallets.In the footwear industry, one company feeling the pressure is the ...
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ArticleThe casual shoe market grows by 4.7%
This exclusive chart shows the sales development of the largest casual shoe companies (2019 to 2018). This is exclusive data and analysis for Professional Members.
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Clarks reports lower sales and better margins
C&J Clark (Clarks) reported a further decline in its turnover for the first half of its financial year, ended on Aug. 3. Sales fell by 3.5 percent to £649.2 million (€755.7m-$842,9m), with a drop of 5.9 percent in local currencies, due to lower wholesale revenues and lower retail sales at ...
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Former CEO loses claim against Clarks
An employment tribunal in the British city of Bristol has ruled against Mike Shearwood in his dispute with C&J Clarks. Shearwood was the big British shoe company's chief executive from September 2016 to June 24, 2018, when its board moved unanimously to oust him. He was recently replaced by Giorgio ...
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Humanic’s parent hires a sports expert
Leder & Schuh is strengthening its executive board by bringing in a sports-retail specialist. The big Austrian shoe retailing group is looking to expand its banners while digitalizing and focusing more on the sports-lifestyle consumer segment.The company has hired Michael Rumerstorfer, who has a long history of leadership in sporting ...
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LVMH’s growth continues unabated
The world's leading luxury goods group is evidently gaining market shares globally in spite of the volatile world economy. Observers note that LVMH's ongoing growth is taking place in the context of negative factors such as the demonstrations in Hong Kong, which caused it to suffer a 25 percent drop ...
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GMI, a new Italian shoe manufacturing platform
Consolidation and financing may be a good way for the smaller players in Italy's fragmented shoe industry to find new avenues for growth.An Italian private equity company, Consilium, has announced the acquisition of Calzaturificio Claudia, a producer of sneakers and women's shoes for luxury brands, for an undisclosed amount. Merging ...
