Latest Headlines – Page 125
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Panafrica offers sneakers with African prints
Panafrica, a French start-up producing flat-sole lace-up canvas shoes made with African batik prints, posted sales of €1 million in 2018, up from €400,000 the previous year, and aims to achieve revenues of €1.2 million this year. About 50 percent of its revenues come from its own e-commerce website, with ...
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Fashion firms protest against Brazilian wildfires
Members of the fashion and athletic industries are adding to the wave of support that is coming from activists, celebrities and institutions to help fight the current wildfires in the Amazon rainforest.Bernard Arnault, the chief executive of LVMH, has announced that the luxury conglomerate will contribute €10 million, as part ...
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Vulcabras recovers
After a weak first quarter, Vulcabras enjoyed a 16.5 percent increase in total revenues to 327.0 million Brazilian reais (€71.0m-$78.7m) in the second one, with gains of 12.3 percent in athletic footwear to R$ 239.4 million (€52.0m-$57.6m) and 14.4 percent in women's shoes to R$ 47.0 million (€10.2m-$11.3m). The company's footwear business ...
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Xtep grows briskly while developing a multi-brand model
Before publishing very good results for the first half of this year, Xtep International Holdings of China announced the completion on Aug. 1 of its acquisition of K-Swiss and its various footwear labels, including Palladium and Supra, for $260 million from E-Land of South Korea. The entire business had a ...
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New sourcing tool for footwear at Micam
Elias Grondal, a former footwear product manager at H&M, has developed a new open-source database of shoe manufacturers, called Findsourcing, that enables matchmaking with potential clients over the internet. He will present it at the Micam trade show opening in Milan on Sunday (Hall 6-C43).Brands and retailers currently rely on ...
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Global footwear trade continues to rise
Exports and imports of footwear continued to grow for the second consecutive year in 2018, reaching an all-time record of $142 billion in terms of value, with an increase of 4.3 percent from the previous year. However, they were up by only 0.8 percent in terms of volume and still ...
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India exports more non-leather footwear
India's exports of leather, leather products and non-leather footwear fell by 0.87 percent to $5.691 billion in the fiscal year running from April 2018 to March 2019. In rupees, exports rose by 7.54 percent. Footwear represented 51.09 percent of exports, according to the latest data released by the country's Council ...
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Brazil exports more footwear to the U.S.
Brazil shipped some 58.3 million pairs of shoes, worth $480.7 million, in the first half of 2019, according to the Brazilian footwear-industry association, Abicalçados. Compared with the same period of 2018, this represents an increase in volume of 5.3 percent, but a decrease in value of 1.3 percent.In June, the ...
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A new head for the Brazilian shoe industry
Haroldo Ferreira has become the new executive president of Abicalçados, Brazil's association of footwear manufacturers. The 52-year-old manager has been dealing with Abicalçados for some time as president of the Union of Footwear Companies in Brazil's state of Bahia. He was offered the post late last year by Rosnei Alfredo da ...
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Assocalzaturifici announces new board roles
Assocalzaturifici, Italy's shoe industry association, has announced new roles on its executive board, following the election of Siro Badon as chairman of the organization earlier this year, previously reported in Shoe Intelligence (Vol. 21 n°7,8 of 18/04/2019). Badon's tenure, which will run through 2023, started at the recent annual meeting ...
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The German shoe market declines in volume
According to a study conducted by the Institute for Retail Research (IFH) in Cologne together with the BBE, the German consultancy for the retail industry, the German shoe market did not increase in volume from 2017 to 2018.The volume had increased each year since 2012 by an average of 0.7 ...
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Still losing money, Farfetch buys Off-White
The management of the leading internet platform for the luxury goods industry insisted that it was confident about making a profit in the long term after releasing poor results for its second quarter, and meanwhile, it made another interesting acquisition. However, some investors seemed to lose patience as the company's ...
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Steve Madden clinches two acquisitions, China woes continue
Earlier this month, shortly before the release of its latest financial results, Steve Madden announced the acquisition of two U.S. companies, Greats Brands and BB Dakota, widening its portfolio of shoe and women's wear brands.Greats Brands adds Italian-made sneakers to Madden's expansive footwear range, while BB Dakota beefs up the ...
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Zalando improves, Asos does not
Zalando, a fashion-oriented retailer that is making a big push into the sports apparel and footwear market with its marketplace, reported a 20.1 percent increase in revenues to €1,597.3 million for the second quarter of this year. Including its marketplace, the gross merchandise volume (GMV) rose by 23.7 percent to ...
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Katag and Modehaus.de cooperate with Zalando
Katag, one of the major European voluntary groups in the fashion apparel sector, and Modehaus.de, the German-based voluntary group for fashion department stores, have recently signed a cooperation agreement with Zalando. Katag and Modehaus.de will now be part of Zalando's so-called “Connected Retail” program, which links members' respective inventories for better ...
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Alibaba pulls a strong quarter despite the ongoing trade war
Supported by growth in e-commerce and cloud computing, Alibaba Group Holding's revenues for its first fiscal quarter ended on June 30 topped analysts' expectations. This came despite the difficult trade environment caused by the ongoing U.S.-China dispute, as well as an increasingly competitive e-commerce industry.The Chinese e-tailer's sales increased by ...
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Dr. Martens is still going strong
Driven by Europe and the Americas, Dr. Martens posted a 30 percent increase in sales to £454.4 million (€497.6m-$551.6m) for the financial year ended March 31. Given the ongoing momentum, the Permira investment fund, which took over the business in 2014, is reportedly unlikely to cash out in the immediate future. Kenny ...
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New Birkenstock stores in London and California
Birkenstock opened two new mono-brand stores in London on Aug. 15. Both stores were designed with the recently introduced new Birkenstock store concept. One Birkenstock store is located in the Westfield Shopping Center outside the city of London and the other one on the well-known Carnaby Street.The latter one offers ...
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Geox posts weak results, issues cautious guidance
Geox reported first-half sales of €399.4 million, down by 3.5 percent in euros and by 3.6 percent at constant exchange rates, missing market expectations by nearly €5 million and driving the company into a small net loss. The management blamed poor weather in April and May, which delayed the start ...
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Skechers’ “global lens” approach pays off
Skechers posted another strong quarter, thanks to the ongoing impact of rapidly rising sales outside the U.S. After recording more than $1 billion in revenues both in the fourth quarter of 2018 and the first quarter of 2019, the company ended up again with record sales in the second quarter. ...
